Lithium hydride is a salt-like white or gray crystalline powder, prepared by passing hydrogen gas over lithium metal and is majorly used in the preparation of lithium borohydride and lithium aluminum hydride. It has ha high melting point and is soluble with lithium borohydride, sodium hydride, and lithium fluoride. Lithium hydride reacts rapidly with low humid air forming lithium hydroxide, lithium oxide, and lithium carbonate.

Market Outlook
According to global lithium hydride market analysis, North America is projected to exhibit significant growth in the market in 2017. Owing to growing battery storage sector in the region, it is expected to retain its position over the forecast period. According to U.S. Energy Information Administration (EIA), in the U.S., lithium ion accounted for around 80% of the installed power and energy capacity of large-scale battery storage in operation, in 2016.

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Market Taxonomy
On the basis of end-use industry, the lithium hydride market is segmented into:
• Energy
• Electronics and Electrical
• Chemical
• Others

Key Trends
Key players are focusing on adopting various inorganic growth strategies such as mergers and acquisitions, joint ventures, partnerships, and new product launches to strengthen their foothold in the global lithium hydride market. For instance, in January 2017, Albemarle Corporation, one of the key players of lithium and lithium derivatives production, acquired Jiangxi Jiangli New Materials Science and Technology Co. Ltd that allows the company to supply lithium salts to strengthen its position in the lithium industry.

Major Keyplayers: Merck KGaA., Albemarle Corporation, Ganfeng Lithium Co., Ltd, Santa Cruz Biotechnology, Inc., Tianjin Daofu Chemical New Technology Development Co., Ltd., American Elements, and Parad Corporation Pvt Ltd.

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