Lithium Hydroxide Market

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Lithium Hydroxide MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Lithium Hydroxide MARKET 2020
Lithium Hydroxide Market 2020 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
Lithium hydroxide is used in a wide variety of
applications, as it is capable of offers thermal
resistance, durability, and minimal maintenance
to the product. Thus, they are used in various
applications such as batteries, glass, grease,
air conditioning equipment, and others. The
global lithium hydroxide market is spanned across
five regions of the world namely Asia Pacific,
Europe, North America, Latin America, and the
Middle East Africa. Among these, Asia Pacific
holds the major share of the global market and is
projected to continue leading owing to the
increasing consumption of metal in batteries,
glass, grease, air conditioning equipment, and
others. It is estimated that the batteries
segment is set to observe the highest CAGR in the
market due to the growing use of metal in order
to improve the performance and increase the life
cycle of the product. Moreover, increasing demand
for light weight materials in glass and ceramics
sectors is likely to witness a rapid growth
during the forecast period. These factors have
led China, India, and Japan to be the major
players of this region.
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Lithium Hydroxide MARKET 2020
Market Segmentation The global lithium
hydroxide market is segmented into application
and end-use. On the basis of the application, the
market is sub-divided into batteries, ceramic
glass, lubricant grease, and air-conditioning
segments. On the basis of the end-use, the market
is further segregated automotive, electrical
electronics, marine, aerospace, and
others. Enquiry of the Report
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Lithium Hydroxide MARKET 2020
Regional Analysis
The North American market is expected to grow at
a higher CAGR due to extensive consumption of
metal in lithium-ion batteries, glass, grease,
and others. The U.S., Canada, and Mexico have
achieved a significant place in the market due to
the growing investments in the end-use
industries. Therefore, the growing demand for
air-conditioning and energy storage systems made
from lithium are estimated to drive the market
during the forecast period. A notable development
is achieved in Europe due to the growing demand
for the use of light weight metal in batteries,
glass, grease, air conditioning equipment
segments, and others. The rapid urbanization
coupled with technology have propelled the market
to witness a higher growth. Thus, countries such
as Germany, the U.K, and Italy are the major
contributors to this market. A considerable
development is predicted in the Latin American
region such as in Brazil, Uruguay, and Argentina
due to the growing consumption of lithium in
major industries. Moreover, a rapid development
is estimated in the Middle East African region
such as Qatar, the U.A.E, and others due to
increasing demand for lithium hydroxide in
smartphones, tablets, iPods and other gadgets.
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Lithium Hydroxide MARKET 2020
Application Major Players in this Research
Lithium Hydroxide Market Prominent Players Some
of the well-known players operating in the global
lithium hydroxide market are Albemarle
Corporation (U.S.), SQM (Chile), FMC Lithium
(U.S.), Tianqi Lithium Corporation (China),
Jiangxi Ganfeng Lithium Co., Ltd. (China),
LITHIUM AMERICAS (Canada.), MGX Minerals Inc
(Canada), Nemaska Lithium (Canada), Galaxy
Resources Limited (Australia), and Wealth
Minerals Ltd (Canada), among others
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