Global Lithium Bromide Market Growth 2025-2031
Description
The global Lithium Bromide market size is predicted to grow from US$ 144 million in 2025 to US$ 128 million in 2031; it is expected to grow at a CAGR of -2.0% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Lithium bromide is a chemical compound of lithium and bromine. Formula: LiBr. White cubic crystal or granular powder, easily soluble in water, soluble in alcohol and ether, slightly soluble in pyridine, it can soluble in methanol, acetone, ethylene glycol and other organic solvents. It is generally used in certain air conditioning systems.
The global lithium bromide market has been seeing increased interest due to its vital role in industrial refrigeration and air-conditioning systems. Lithium bromide acts as an effective absorbent in absorption chillers, offering efficient heat management solutions with minimal environmental impact. As commercial and industrial facilities seek sustainable cooling systems with lower greenhouse gas emissions, lithium bromide-based absorption chillers—known for their reliability and energy efficiency—are emerging as a favored technology, particularly in regions with high cooling demands and strong regulatory emphasis on eco-friendly HVAC systems.
Beyond its use in chilling applications, lithium bromide is gaining traction in pharmaceuticals, chemical processing, and oil & gas sectors, where its properties—such as hygroscopicity, corrosion inhibition, and salt brine formation—prove valuable. Collaborations between manufacturers and end-users to tailor solution concentrations and enhance system compatibilities are advancing product development. As industries continue to modernize their equipment and integrate greener technologies, the lithium bromide market is adapting through innovation in formulation, purification processes, and recycling initiatives to align with evolving performance standards and sustainability goals.
LP Information, Inc. (LPI) ' newest research report, the “Lithium Bromide Industry Forecast” looks at past sales and reviews total world Lithium Bromide sales in 2024, providing a comprehensive analysis by region and market sector of projected Lithium Bromide sales for 2025 through 2031. With Lithium Bromide sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lithium Bromide industry.
This Insight Report provides a comprehensive analysis of the global Lithium Bromide landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lithium Bromide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lithium Bromide market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lithium Bromide and breaks down the forecast by Chemical Compound, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lithium Bromide.
This report presents a comprehensive overview, market shares, and growth opportunities of Lithium Bromide market by product type, application, key manufacturers and key regions and countries.
Segmentation by Chemical Compound:
Lithium Bromide Solution
Lithium Bromide Anhydrous
Segmentation by Application:
Air Conditioning
Industrial Drying
Medicine Industry
Brazing and Welding
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Albemarle
Leverton Clarke
Neogen Chemical
Nanjing Taiye Chemical
Honjo Chemical
Jiangsu World Chemical Industry
Dongying Bromate Chemicals
Shanghai China Lithium Industrial
Hanchang
Shandong Tianxin Chemical
Key Questions Addressed in this Report
What is the 10-year outlook for the global Lithium Bromide market?
What factors are driving Lithium Bromide market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Lithium Bromide market opportunities vary by end market size?
How does Lithium Bromide break out by Chemical Compound, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Lithium bromide is a chemical compound of lithium and bromine. Formula: LiBr. White cubic crystal or granular powder, easily soluble in water, soluble in alcohol and ether, slightly soluble in pyridine, it can soluble in methanol, acetone, ethylene glycol and other organic solvents. It is generally used in certain air conditioning systems.
The global lithium bromide market has been seeing increased interest due to its vital role in industrial refrigeration and air-conditioning systems. Lithium bromide acts as an effective absorbent in absorption chillers, offering efficient heat management solutions with minimal environmental impact. As commercial and industrial facilities seek sustainable cooling systems with lower greenhouse gas emissions, lithium bromide-based absorption chillers—known for their reliability and energy efficiency—are emerging as a favored technology, particularly in regions with high cooling demands and strong regulatory emphasis on eco-friendly HVAC systems.
Beyond its use in chilling applications, lithium bromide is gaining traction in pharmaceuticals, chemical processing, and oil & gas sectors, where its properties—such as hygroscopicity, corrosion inhibition, and salt brine formation—prove valuable. Collaborations between manufacturers and end-users to tailor solution concentrations and enhance system compatibilities are advancing product development. As industries continue to modernize their equipment and integrate greener technologies, the lithium bromide market is adapting through innovation in formulation, purification processes, and recycling initiatives to align with evolving performance standards and sustainability goals.
LP Information, Inc. (LPI) ' newest research report, the “Lithium Bromide Industry Forecast” looks at past sales and reviews total world Lithium Bromide sales in 2024, providing a comprehensive analysis by region and market sector of projected Lithium Bromide sales for 2025 through 2031. With Lithium Bromide sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lithium Bromide industry.
This Insight Report provides a comprehensive analysis of the global Lithium Bromide landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lithium Bromide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lithium Bromide market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lithium Bromide and breaks down the forecast by Chemical Compound, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lithium Bromide.
This report presents a comprehensive overview, market shares, and growth opportunities of Lithium Bromide market by product type, application, key manufacturers and key regions and countries.
Segmentation by Chemical Compound:
Lithium Bromide Solution
Lithium Bromide Anhydrous
Segmentation by Application:
Air Conditioning
Industrial Drying
Medicine Industry
Brazing and Welding
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Albemarle
Leverton Clarke
Neogen Chemical
Nanjing Taiye Chemical
Honjo Chemical
Jiangsu World Chemical Industry
Dongying Bromate Chemicals
Shanghai China Lithium Industrial
Hanchang
Shandong Tianxin Chemical
Key Questions Addressed in this Report
What is the 10-year outlook for the global Lithium Bromide market?
What factors are driving Lithium Bromide market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Lithium Bromide market opportunities vary by end market size?
How does Lithium Bromide break out by Chemical Compound, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
90 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Lithium Bromide by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Lithium Bromide by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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