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Global Lithium Hydroxide Market 2019-2023

Global Lithium Hydroxide Market 2019-2023

About this market

Lithium-ion batteries are also used as secondary rechargeable batteries in portable devices. They are used in portable devices as they are lightweight and have high energy-to-weight ratios. Miniaturization of mobile electronics, such as smartphones, laptops, and tablets, is increasing the demand for lithium-ion batteries. Lithium-ion batteries offer higher energy density than nickel cadmium (NiCd) and nickel metal hydride (NiMH) batteries. These batteries are extensively used in medical devices such as automatic external defibrillators, surgical saws, drills, robotic inspection systems, radio frequency identification (RFID) asset tracking tags, infusion pumps, bone growth stimulators, glucose monitors, blood oxygen meters, and cauterizers. Lithium-ion batteries facilitate the miniaturization of medical devices without compromising on their power and performance. Technavio’s analysts have predicted that the lithium hydroxide market will register a CAGR of over 13% by 2023.

Market Overview

Increasing use of lithium hydroxide in electric vehicles

The implementation of stringent fuel emission norms has significantly increased the demand for lithium-ion batteries. Lithium hydroxide is used to produce cathodes for lithium-ion batteries that are used in a range of lithium-ion plug-in vehicles.

High competition from substitutes

Chemicals and alloys are used as substitutes for lithium hydroxide in battery manufacturing and production of grease and ceramics. In EVs, lithium-ion batteries are replaced with nickel-cadmium, lead-acid, and nickel metal hydride batteries. Moreover, the lost cost and high performance of these substitutes can hinder the growth of the global lithium hydroxide market.

For the detailed list of factors that will drive and challenge the growth of the lithium hydroxide market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be concentrated and with the presence of limited vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global metals and mining market
      • Table Segments of global metals and mining market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (thousand t)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Battery - Market size and forecast 2018-2023
      • Table Battery - Market size and forecast 2018-2023 (thousand t)
      • Table Battery - Year-over-year growth 2019-2023 (%)
    • Lubricating greases - Market size and forecast 2018-2023
      • Table Lubricating greases - Market size and forecast 2018-2023 (thousand t)
      • Table Lubricating greases - Year-over-year growth 2019-2023 (%)
    • Ceramics and glass - Market size and forecast 2018-2023
      • Table Ceramics and glass - Market size and forecast 2018-2023 (thousand t)
      • Table Ceramics and glass - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 (thousand t)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (thousand t)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 (thousand t)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 (thousand t)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 (thousand t)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 (thousand t)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global EV battery market by region 2017-2021 (million units)
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Capacity expansions to accelerate market growth
    • Revolutionizing the grease-manufacturing process
    • Increasing preference for renewable energy
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Albemarle Corporation
      • Table Albemarle Corporation - Vendor overview
      • Table Albemarle Corporation - Business segments
      • Table Albemarle Corporation - Organizational developments
      • Table Albemarle Corporation - Geographic focus
      • Table Albemarle Corporation - Segment focus
      • Table Albemarle Corporation - Key offerings
    • International Lithium Corp.
      • Table International Lithium Corp. - Vendor overview
      • Table International Lithium Corp. - Organizational developments
      • Table International Lithium Corp. - Key offerings
    • Livent
      • Table Livent - Vendor overview
      • Table Livent - Product segments
      • Table Livent - Organizational developments
      • Table Livent - Geographic focus
      • Table Livent - Segment focus
      • Table Livent - Key offerings
    • Orocobre Limited Pty Ltd
      • Table Orocobre Limited Pty Ltd - Vendor overview
      • Table Orocobre Limited Pty Ltd - Business segments
      • Table Orocobre Limited Pty Ltd - Organizational developments
      • Table Orocobre Limited Pty Ltd - Geographic focus
      • Table Orocobre Limited Pty Ltd - Segment focus
      • Table Orocobre Limited Pty Ltd - Key offerings
    • SQM S.A.
      • Table SQM S.A. - Vendor overview
      • Table SQM S.A. - Product segments
      • Table SQM S.A. - Organizational developments
      • Table SQM S.A. - Geographic focus
      • Table SQM S.A. - Segment focus
      • Table SQM S.A. - Key offerings
    • Tianqi Lithium Corporation
      • Table Tianqi Lithium Corporation - Vendor overview
      • Table Tianqi Lithium Corporation - Product segments
      • Table Tianqi Lithium Corporation - Organizational developments
      • Table Tianqi Lithium Corporation - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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