Lithium Bromide Market Growth 2019-2024

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Lithium Bromide Market Growth 2019-2024
Published on 8 July 2019
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Market Overview
Lithium Bromide is a chemical compound of lithium
and bromine. Formula LiBr. White cubic crystal
or granular powder, easily soluble in water,
soluble in alcohol and ether, slightly soluble in
pyridine, it can soluble in methanol, acetone,
ethylene glycol and other organic solvents. It is
generally used in certain air conditioning
systems. Lithium bromide has wide application
range and in future its applications will
increase further. But the demand of lithium
bromide will decrease in future. The price of
lithium bromide was increasing largely from 2010
to 2015, it is from 4600 USD/MT to 5500 USD/MT,
and it will also increase in future. The global
gross margin is at about 18-20.
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Key Points
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-2024-979
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• Lithium bromide
• Market Size

Expected to reach XX million USD by the end of
Forecast year
2024
2019
Base year
CAGR -1.1 (2019- 2024)
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• Lithium bromide Market

Air Conditioning
Industrial Drying
By Application
Medicine Industry
Brazing and Welding
Others
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-2024-979
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• Lithium bromide Market
• By Region

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