Lithium hydroxide is a compound formed of the white, soft metal lithium bound to a hydroxide group with the formula LiOH. It is commercially available in anhydrous form free of chemical bonds to water, though it is a hygroscopic chemical by nature that is also sold in monohydrate form as LiOH H2O. The compound is used in a variety of industries with popular commercial demands for it in the manufacture of lithium batteries and as lithium hydroxide monohydrate to make lubricating greases.
Lithium hydroxide monohydrate is used in lubricants, consumer electronics, traffic and others. Report data showed that 57.87% of the lithium hydroxide monohydrate market demand in lubricants, 20.84% in traffic in 2015. With the development of economy, these industries will need more lithium hydroxide monohydrate. So, lithium hydroxide monohydrate has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high quality lithium hydroxide monohydrate through improving manufacturing process. It is predicted that high quality lithium hydroxide monohydrate will become the mainstream product in the future.
The major raw materials for lithium hydroxide monohydrate are Lithium ore, HCl and others. Fluctuations in the price of the upstream product will impact on the production cost of lithium hydroxide monohydrate, and then impact the price of lithium hydroxide monohydrate. Additionally, the quality of raw materials would also impact the quality of lithium hydroxide monohydrate.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents a downward trend according to the economy development status. Also, there will be fluctuation in gross margin.
Over the next five years, LPI(LP Information) projects that Lithium Hydroxide Monohydrate will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
- FMC
- Rockwood Lithium
- Simbol
- SQM
- Tianqi Lithium
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
- North America (United States, Canada and Mexico)
- Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
- Europe (Germany, UK, France, Italy and Russia etc.)
- South America (Brazil, Chile, Peru and Argentina)
- Middle East and Africa (Egypt, South Africa, Saudi Arabia)
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
- Industrial Grade
- Battery Grade
- Other
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
- Lubricants
- Consumer Electronics
- Traffic
- Others