Lithium Hydroxide Market industry analysis research and trends report for 2017 – 2024

Lithium hydroxide is a white crystalline compound. It is an inorganic amalgam having formula LiOH. The product is slightly soluble in ethanol and easily soluble in water. LiOH is generally available in anhydrous form having powerful base. It is widely used in absorbing carbon di oxide gas especially used in spacesuits. Increasing consumption of LiOH in producing Portland cement and ceramics will impel the market size.

The product is used in various industries including, grid & power storage, battery electric vehicle, hybrids, portable electronic devices, chemical synthesis, lubricants / greases and glass & ceramics. Amongst, batteries hold a major market share in application segment with surging use of cell phones and laptops. Glass & ceramics is the fastest growing application sector with huge investments done in renovation and new infrastructure projects.

Purchase This Report by calling Global Market Insights, Inc. at 1-888-689-0688 (Toll Free) or 1-302-846-7766.

Rising industrializations has increased the demand for power tools which requires lithium hydroxide NCA cathode, thus propelling the industry size. Moreover, increased usage of electric vehicles is fueling consumption of lithium hydroxide. LiOH is extensively used in battery manufacturing and as an industrial lubricant. It is used as an energy storage and as a heat transfer medium in batteries. Lithium hydroxide market is also expected to rise with increasing use of LiOH in producing lubricants or greases which include lithium stearate. Upsurge in demand for grease in CV joints, household products and automotive applications will have a positive impact on the product demand.

Request for table of contents of this research report @https://www.gminsights.com/request-toc/upcoming/1746

Lithium Hydroxide Market size has seen an exponential growth due to increasing demand of rechargeable batteries used in various application including remote controllers, cell phones, laptops and other electronic components will drive the lithium hydroxide market.

Huge investment done in research and development activities will drive lithium hydroxide market. Rising consumption of mobiles, notebooks, laptops, hybrid and electrical vehicle in consumers globally will foster industry growth. Improving business and economic conditions will enhance the product demand. However, limited supplier of raw materials and fluctuations in the price of LiOH may act as a restraint for lithium hydroxide market.

Reasons to Buy This Report:

1. Lithium Hydroxide Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Lithium Hydroxide Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

Based on the end user industry, lithium hydroxide market is divided into consumer devices, energy storage, transportation and consumer electronics. Among these, transportation industry is likely to drive the market with new innovations done in electric cars and bikes. Also, consumer electronic & devices is anticipated to drive the product market over the forecasted years with rising applications in personal care, power tools, wearable devices, toys and cordless phones.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1746

Global lithium hydroxide market is moderately consolidated owing to the presence of several multinational players globally. Several prominent leaders present in this industry are Tiangi, SQM, Albemarle, Leverton Clarke, Rockwood, FMC, Shangdong Ruifui, Haoxin Liyan, Brivo, Sichuan Yahua and Jiangxi Gangfeng.

Europe is another developed market for lithium hydroxide market. Rise in consumption of lubricants in manufacturing sector and glass ceramics owing to the presence of large construction industry in the region has boosted the market growth. Moreover, with the presence of large automotive industry in the region many leaders are engaged in developing new hybrid and electronic vehicles which will have made a positive impact on LiOH market.

Companies are adopting new strategies to capture this emerging market including, mergers, acquisitions and agreements. In January 2016, Albemarle Corporation, a leading manufacturer of the product, acquired Jiangxi Jiangli for approximately USD 145 million. The acquisition would help Albemarle to expand their product line and customer service geographically. Also, the company would be able to make new products discovering new end user applications.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com/

Connect with us: Google+ | LinkedIn | Twitter | Facebook

An outlook on Tannin Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.