Global Lithium Hydroxide Market Outlook 2016-2021
Lithium hydroxide is a compound formed of the white, soft metal lithium bound to a hydroxide group with the formula LiOH. It is soluble in water and slightly soluble in ethanol, and is available commercially in anhydrous form and as the monohydrate (LiOH.H2O), both of which are strong bases. It is the weakest base among the alkali metal hydroxides. Lithium hydroxide is commercially available in anhydrous form free of chemical bonds to water, though it is a hygroscopic chemical by nature that is also sold in monohydrate form as LiOH H2O.
Lithium Hydroxide production, which measures output worldwide, was expected to reach 58,896 tons in 2016 with an increase of 26.05% from its year-earlier level. The global lithium hydroxide market size is estimated to grow from USD 197.91 million in 2011 to USD 1,416.98 million by 2016, at an estimated CAGR of 48.24% between 2011 and 2016. With regards to this, key players of lithium hydroxide industry are expected to find potential opportunities in this market.
The global lithium hydroxide market report profiles some of the key technological developments in the recent times. It also profiles some of the leading players in the market and analyzes their key strategies. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. The major players in the global lithium hydroxide market are FMC, Albemarle, Sichuan GRM, SQM, Yahua, Jiangxi Ganfeng, etc.
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