Lithium chloride (LiCl) is a white, crystalline, water-soluble, hygroscopic chemical compound derived from lithium. Thanks to its chemical stability and excellent properties, lithium chloride is used in a plethora of applications: from lithium extraction for battery production to moisture control in air conditioning systems. It is primarily employed, however, in lithium extraction for lithium-ion battery production. LiCl is primarily produced via the reaction of lithium carbonate or lithium hydroxide with hydrochloric acid.
Lithium Chloride Market Segmentation
The Lithium Chloride market is segmented by application into Lithium Extraction, Air Conditioning & Refrigeration, Pharmaceuticals & Others. In Lithium Extraction, lithium chloride is a key reagent in the extraction of lithium from brines and minerals, facilitating the production of lithium compounds used in batteries and other applications. In Air Conditioning & Refrigeration, lithium chloride is utilized for moisture control due to its hygroscopic properties, ensuring efficient operation and preventing corrosion in these systems. In Pharmaceuticals & Others, lithium chloride is employed in the synthesis of certain medications and as a precursor for other lithium-based chemicals used in various industrial and chemical processes.
The demand (consumption) split by application and by end-use has been provided for each of the countries/regions considered in the scope in Volume (kilo tons) and Value (USD Million).
Key producing companies in the global Lithium Chloride market include Albemarle Corporation, Livent Corporation, TCI America, Kanto Chemical, Nippon Chemical Industrial, Alfa Aesar, Leverton Lithium, Suzhou Huizhi Lithium Energy Material, and Jiangxi Ganfeng Lithium.
Recent Developments in the Lithium Chloride Market
Driver: Growing Demand for Lithium-Ion Batteries in Energy Storage and Electric Vehicles
Surging demand for lithium-ion batteries, driven by the global shift towards electric vehicles and renewable energy storage systems, is expected to be among the key drivers for the lithium chloride market over the forecast. Lithium chloride plays a key role in the extraction process of lithium, a critical component in these batteries. As governments and industries introduce regulations and incentives in line with the global sustainability drive, this is expected to drive the demand for Li-ion batteries, and lithium chloride’s use in this is poised to concurrently rise.
Restraint: Tightening Regulations for Lithium Extraction
Lithium chloride extraction, particularly from lithium-rich brines, faces several environmental and regulatory pressures. Mining and extraction processes significantly impact the ecology, including water usage concerns and the potential for soil and groundwater contamination. Tightening environmental regulations and the high cost of meeting sustainability goals can create headwinds for lithium chloride manufacturers.
Market Data & Forecast (Short-term and Long-term)
Country Summaries & Product Review
1 Introduction
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application has been provided for each of the countries/regions in Volume (kilo tons) and Value (USD Million).
Note: CAGR will be calculated for Lithium Chloride by application to arrive at the regional/global demand growth for the forecast period (2025 – 2034)
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
Market Data & Forecast (Short-term and Long-term)
Country Summaries & Product Review
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