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Global Lithium Hydroxide Market 2019-2023

  • Published: Mar 2019
  • Pages: 122
  • SKU: IRTNTR30934
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The global lithium hydroxide market is forecasted to grow at a CAGR of over 13% during the period 2018-2023. The lithium hydroxide market will increase by 41.48 thousand tons during the forecast period of 2019-2023. The lithium hydroxide market between 2018-2023 will grow at a faster pace than the growth seen in the lithium hydroxide market in 2019. The growth momentum during the forecast period 2019-2023 is expected to accelerate as the growth in the second half of the forecast period is expected to exceed the growth in the first half of the forecast period in the lithium hydroxide market.

The lithium hydroxide market is concentrated, and the degree of concentration is expected to decrease by 2023. An outlook of accelerating growth would provide opportunities to all market participants to grow. Market participants would do well to focus more on the opportunities on the demand side rather than getting overly impacted with the competitive dynamics. The accelerating growth momentum will be one of the contributing factors moderating the competitive intensity in the market during the forecast period.

Some of the key findings from our lithium hydroxide market forecast report are summarized below

Lithium Hydroxide Market

Battery was the largest segment within the overall market in 2018 and will remain so in 2023. The battery segment would outperform the overall market as it will grow faster during the period 2019-2023. The lubricating greases and ceramics and glass would underperform the overall market as they are growing slower than the overall market.

To identify growth opportunities in the lithium hydroxide market, the global market has been segmented into regions growing faster than the overall market versus regions growing slower than the overall market in 2018-2023. APAC and North America are the regions which will grow faster than the overall market. Europe, MEA, and South America are the regions which will grow slower than the overall market.

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This report provides a detailed analysis of the market by application (battery, lubricating greases, ceramics and glass, and others) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several lithium hydroxide manufacturers including Albemarle Corporation, International Lithium Corp., Livent, Orocobre Limited Pty Ltd, SQM S.A., and Tianqi Lithium Corporation.

Global lithium hydroxide industry overview

The lithium hydroxide dispersion technology is revolutionizing the grease manufacturing process by reducing the manufacturing time, energy consumption and water consumption. This technology is being preferred over conventional methods for manufacturing grease because of the low melting points, high mechanical strength, and excellent thermal resistance of lithium hydroxide. Moreover, as lithium hydroxide is waterproof, it can maintain viscosity for a long time. These factors are encouraging grease manufacturers to adopt lithium hydroxide dispersion technology to produce lithium and lithium complex greases based on a variety of base oils such as vegetable oils, esters, mineral oil, and polyalphaolefins (PAO). The increasing usage of lithium hydroxide in the grease manufacturing process is identified as a key trend that will boost market growth in the next five years.

The use of lithium-ion batteries in portable devices as secondary rechargeable batteries is increasing. This can be attributed to the lightweight nature and high energy-to-weight ratios, self-discharge, and slow charge loss properties of lithium-ion batteries. Hence, rechargeable lithium batteries are widely used in smartphones, laptops, power tools, medical devices, notebooks, digital cameras, and power banks. Lithium-ion batteries are preferred over nickel cadmium (NiCd) and nickel metal hydride (NiMH) batteries for use in medical devices because of its higher energy density. Moreover, lithium-ion batteries also facilitate the miniaturization of mobile electronics and medical devices without compromising on their power and performance. This will further boost the use of lithium-ion batteries in portable devices and drive lithium hydroxide market growth at a CAGR of over 13% during the period 2019-2023.

Top lithium hydroxide companies covered in this market research report

The global lithium hydroxide market is concentrated. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this lithium hydroxide market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

The report offers a detailed analysis of several leading companies, including:

  • Albemarle Corporation
  • International Lithium Corp. 
  • Livent
  • Orocobre Limited Pty Ltd 
  • SQM S.A.
  • Tianqi Lithium Corporation

Lithium hydroxide market segmentation based on application

  • Battery
  • Lubricating greases
  • Ceramics and glass
  • Others

The battery segment will account for the highest lithium hydroxide market share because of its growing demand in the production of lithium-ion batteries. This report provides an accurate prediction of the contribution of all the segments to the growth of the lithium hydroxide market size.

Lithium hydroxide market segmentation based on geographic region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

With a complete study of the growth opportunities for companies, it has been identified that the APAC region will account for the highest lithium hydroxide market share throughout the forecast period. The growth of the construction, automotive, healthcare, and electrical and electronics industries will contribute to lithium hydroxide market growth in this region.

Key highlights of the global lithium hydroxide market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the lithium hydroxide market during the next five years
  • Precise estimation of the global lithium hydroxide market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the lithium hydroxide industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of lithium hydroxide companies 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Battery - Market size and forecast 2018-2023
  • Lubricating greases - Market size and forecast 2018-2023
  • Ceramics and glass - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Capacity expansions to accelerate market growth
  • Revolutionizing the grease-manufacturing process
  • Increasing preference for renewable energy

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Albemarle Corporation
  • International Lithium Corp. 
  • Livent
  • Orocobre Limited Pty Ltd 
  • SQM S.A.
  • Tianqi Lithium Corporation

PART 13: APPENDIX

  • Research methodology
  • List of abbreviations

PART 14: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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