Global Lithium Hydroxide Market Overview:

As per the projections of the Market Analyst, the Global Lithium Hydroxide Market will grow at an impressive CAGR of 12.2% by 2022.

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The increasing demand for energy resources and regulatory push toward non-renewable energy resources such as alternative clean fuels, focus on increased fuel efficiency, and carbon emission standards are likely to generate a favorable environment for the market for lithium-ion batteries.

Continuous government support and favorable policies are boosting the demand for lithium-ion batteries. The critical emission standards set by governments are attracting investments in the clean fuel technology in several regions. China is a major lithium hydroxide market.

Based on purity, the lithium hydroxide market can be segmented into standard-grade, battery-grade, and superior-grade. Standard-grade Lithium hydroxide is primarily recommended for use in industrial applications. It has low mineral impurities. Furthermore, Based on application, the lithium hydroxide market can be divided into lubricants & greases, battery & energy storage, precursor compounds, air purification, ceramics, and others. LiOH is used in the production of lithium salts of stearic and other fatty acids, which are then employed as thickeners in lubricating greases.

Key Vendors of Global Lithium Hydroxide Market:

1 Albemarle

2 FMC

3 Jiangxi Ganfeng

4 Sichuan GRM

5 SQM

6 Yahua

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Key Regions of Global Lithium Hydroxide Market:

1 North America

2 Europe

3 Asia Pacific

4 Middle East and Africa

5 South America

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Key Questions Answered in this Report:

1 What will the market size be in 2022?

2 What are the key factors driving the global lithium hydroxide market?

3 What are the challenges to market growth?

4 Who are the key players in the lithium hydroxide market?

5 What are the market opportunities and threats faced by the key players?

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