Lithium Hydroxide Market 2021 | Worldwide Industry Gross Margin, Share, Size, Future Demand, Leading Player, Progression Status and Forecast till 2027 -FMC, SQM, Rockwood, Simbol

The Lithium Hydroxide Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Lithium Hydroxide Market Size is Projected to Reach at a CAGR of 11% during 2021-2027.

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Market Overview:

Major factors driving the market studied are the growing demand for electric vehicles that use lithium batteries and increasing demand for power tools that use lithium hydroxide NCA cathode. However, rising concern regarding the toxicity of lithium hydroxide is expected to restrain the growth of the market.

The application of batteries dominated the market globally, and it is expected to grow during the forecast period owing to the increasing demand for EVs.
The growing industrialization in Asia-Pacific is expected to drive the demand for power tools, which, in turn, is expected to increase the demand for lithium hydroxide as the power tools use lithium hydroxide NCA cathode.
North America dominated the market across the world with the largest consumption from the countries followed by Europe and Asia-pacific.

Top Leading Companies:

FMC, SQM, Rockwood, Simbol, Tianqi Lithium, Jiangxi Ganfeng Lithium, Zhonghe, GRM, HAOXIN LIYAN, General Lithium

Recent Development:

FMC has acquired 8 companies, including 2 in the last 5 years. It has also divested 6 assets. FMC’s largest acquisition to date was in 2014 when it acquired Cheminova A/S for $1.8B. Its largest disclosed sale occurred in 2015, when it sold FMC - Alkali Chemicals Business to Tronox Holdings for $1.6B. FMC has acquired in 1 US state, and 7 countries. The Company’s most targeted sectors include chemicals (63%) and food (25%). FMC is an American chemical manufacturing company. It is a diversified chemical company serving agricultural, industrial, environmental, and consumer markets globally for more than a century with innovative solutions, applications and quality products. FMC was founded in 1883 and is based in Philadelphia, Pennsylvania.
Rockwood Holdings has acquired 2 companies. It has also divested 5 assets. Rockwood Holdings’ largest acquisition to date was in 2004 when it acquired Dynamit Nobel AG for $2.5B. Its largest disclosed sale occurred in 2013 when it sold CeramTec Group to Cinven for $1.7B. The Company’s most targeted sectors include chemicals (100%). Rockwood Holdings, Inc. is a provider of speciality chemicals, pigments, additives and advanced materials to specialized manufacturing and technology companies throughout the world. The company is a global producer for many of its products including lithium compounds and chemicals, surface treatment chemicals, TiO2 pigments for synthetic fibers and ceramic hip joints.

Lithium Hydroxide Market Segmentation by Type:

Industrial Grade
Battery Grade
Others

Lithium Hydroxide Market Segmentation by Application:

Lubricants
Consumer Electronics
Traffic
Others

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Asia-Pacific Region to Dominate the Market
Asia-Pacific region dominated the global market share. China has been both the leading producer and market for Li-ion batteries. South Korea and Japan also have a high demand for Li-ion batteries.
China holds around 7% of the global lithium reserves, estimated at a value of 1,000 Kilo Mt in 2018. China accounts for 10% of the global lithium production capacity accounting for 8 kt, in 2018. The abundant availability of resources, such as brine, spodumene and other lithium deposits, accounts for a significant amount of the global resources which hold 30.03 Mt LCE.
China has substantial lithium resources in the form of brine, spodumene, and lepidolite. China has salt lakes in Qinghai province, spodumene resources mainly in Xinjiang and Sichuan province and lepidolite in Jiangxi province.
Global investment in the battery supply chain and the need for cheaper batteries are driven by the emergence of the Electric Vehicle (EV). This growing market has been pioneered by Tesla in recent years, but the larger catalyst for global mass-market uptake of EV technology in China, where government subsidies are in place for both passenger EV vehicles and commercial EV’s (buses and small trucks).

Regional Lithium Hydroxide Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Lithium Hydroxide Market Report:

Detailed overview of Lithium Hydroxide Market
Changing the Lithium Hydroxide market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Lithium Hydroxide market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Lithium Hydroxide Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Lithium Hydroxide Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Lithium Hydroxide industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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