Lithium Hydroxide (LiOH) is an inorganic compound that is insoluble in water and partially soluble in ethanol. It is commercially available as a monohydrate (LiOH.H2O) and in anhydrous form, both of which are strong bases. On the basis of purity level, it is also available in battery grade and technical grade. Lithium hydroxide is manufactured by means of a metathesis reaction between calcium hydroxide and lithium carbonate and it finds extensive use in battery manufacturing and as an industrial lubricant. Owing to improved properties of lithium hydroxide, as compared to other concentrates, it is mostly preferred in new battery technologies. Besides, there is a potential market for lithium hydroxide in rechargeable battery manufacturing. The compound is also majorly used in production of industrial greases such as lithium stearate, a popular lubricating grease that offers excellent thermal resistance.
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Rapid economic development in countries such as China and India is expected to drive demand for multi-purpose grease, which in turn, is expected to fuel revenue growth in the global lithium hydroxide market. Also, growing industrialization across the world is expected to evoke demand for power tools, which requires NCA cathode, made from lithium hydroxide. Besides, rising global demand for electric vehicles is anticipated to boost consumption of lithium hydroxide over the forecast period (2016-2024). Furthermore, rising solar PV installations across the world coupled with an increasing demand for high storage capacity batteries is driving the lithium hydroxide market, and simultaneously driving revenues for existing stakeholders. The market is governed by various regulatory bodies such as International Civil Aviation Organization (ICAO), Technical Instructions and corresponding International Air Transportation Association (IATA), Dangerous Goods Regulations and International Maritime Dangerous Goods (IMDG) Code, with regulations mainly pertaining to transportation of primary lithium.
Lithium Hydroxide Market Taxonomy
By End-user Industry
On the basis of end-user industry the global market is classified into:
Others (Dyestuffs and Adhesives, etc.)
On the basis of application the global market is classified into:
Glass & Ceramics
Carbon dioxide Scrubbing
Others (Portland Cement, etc.)
Some of the companies operating in the global lithium hydroxide market are FMC Corporation, Sociedad Quimica Minera (SQM), Jiangxi Ganfeng Lithium, Albemarle Lithium, Shandong Ruifu Lithium, Jiangxi Dongpeng New Materials Co. ltd., Sichuan Brivo lithium Materials Co. ltd., Leverton Lithium, Rockwood, Tianqi Lithium, etc.
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