Introduction
Lithium Hydroxide (LiOH) is a white, anhydrous inorganic compound primarily used in the manufacturing of lithium-ion batteries. LiOH is key in the production of cathodes in high-energy-density batteries, especially those used in electric vehicles and energy storage systems. Its high stability and efficiency in battery applications also make it a key material in the growing automotive and renewable energy storage sectors.
Lithium carbonate, or lithium-containing minerals are processed through a chemical reaction with lime (calcium hydroxide) to produce lithium hydroxide. Alternatively, lithium hydroxide can be obtained directly from spodumene ore via a series of high-temperature extraction processes involving sulfuric acid, followed by purification. This process is energy-intensive and requires efficient technology to produce high-purity lithium hydroxide suitable for use in batteries and other applications.
Lithium Hydroxide Market Segmentation
The Lithium Hydroxide market is segmented by application into Battery Applications (sub-segmented into Electric Vehicles, Energy Storage Systems, and Consumer Electronics & Others) and Non-Battery Applications (sub-segmented into Lubricating Greases and Others). In lithium-ion batteries, LiOH is primarily used in the production of high-energy-density cathodes, while in energy storage systems, it increases the efficiency and longevity of batteries used in renewable energy storage. Lubricating Greases is among a key non-battery use of lithium hydroxide, for its use in improving the performance of high-temperature, high-pressure machinery. In terms of end-use, the Lithium Hydroxide market is segmented into Automotive, Energy Storage, Industrial, and Others.
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 Hydroxide market include Albemarle Corporation, Ganfeng Lithium, Livent Corporation, SQM (Sociedad Química y Minera de Chile), Tianqi Lithium, China Lithium (CL), Jiangxi Ganfeng Lithium, Mineral Resources Limited (MRL), Piedmont Lithium, Galaxy Resources, Orocobre Limited, Lithium Americas, Pilbara Minerals, Sichuan Yahua Industrial Group, and Mercuria Energy Group.
Recent Developments in the Lithium Hydroxide Market
Driver: Rising Demand for NCM/NCA Batteries in Electric Vehicles and Energy Storage
The lithium hydroxide market over the forecast will likely be driven by increasing demand for lithium nickel cobalt manganese (NCM) and lithium nickel cobalt aluminium (NCA) batteries, which are widely used in electric vehicles (EVs) and energy storage systems. As automakers increasingly prioritize battery performance and energy density to enhance EV range, lithium hydroxide volumes are expected to surge.
Restraint: Supply Chain Constraints and Raw Material Availability
The extraction of lithium from hard rock or brine sources is complex and often constrained by environmental regulations, leading to supply shortages. These challenges, coupled with rising demand, may result in higher prices and potential disruptions in the market, which could limit the scalability of lithium hydroxide output.
The Lithium Hydroxide report describes the global Lithium Hydroxide market, with focus on the country, by application and by end-use. The study provides
Market Data & Forecast (Short-term and Long-term)
Country Summaries & Product Review
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application and by end-use has been provided for each of the countries/regions in Volume (kilo tons) and Value (USD Million).
Note: CAGR will be calculated for Lithium Hydroxide by application and by end-use 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.
The Lithium Hydroxide report describes the global Lithium Hydroxide market, with focus on the country, by application and by end-use. The study provides
Market Data & Forecast (Short-term and Long-term)
Country Summaries & Product Review
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