Sunday, April 21, 2019

Global Lithium Hydroxide Market Will Grow at a CAGR of 13% During 2019-2023 Technavio

BWW News Desk
April 15, 2019

Technavio has announced the release of their research report on the global lithium hydroxide market for the forecast period 20192023 This global lithium hydroxide market analysis report segments the market by application battery lubricating greases ceramics and glass and others and geography APAC Europe MEA North America and South America pblockquotep idpullquotepblockquote p Global lithium hydroxide market size will grow by almost 4148 thousand tons during 20192023 at a CAGR of more than 13 Lithium hydroxidebased greases are waterproof maintain viscosity for a longer period and have low melting points They also exhibit high mechanical strength and good thermal resistance These factors have increased the demand for lithiumbased greases which are developed from the new lithium hydroxide dispersion technology This method of producing grease help manufacturers save energy water and time Compared to the conventional process this is a singlestep process for producing lithium and lithiumcomplex greases Hence the increase in the use of lithiumbased greases will have a positive impact on the global lithium hydroxide market during the forecast period p p a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwtechnaviocom2Ftalktous3Freport3DGlobal2520Lithium2520Hydroxide2520Market25202019202326type3Dsample26src3Dreport26utmsource3Dt1126utmmedium3Dbwwk1626utmcampaign3Dbusinesswireampesheet51969448ampnewsitemid20190415005659amplanenUSampanchorRequestforafreesampleampindex1ampmd50147ca10f85dabc9df66fe71fa85b50e relnofollowibRequest for a free samplebiaib and get illustrations table of contents list of exhibits and example pages from this reportbi p p span classbwulinebIncrease in use of lithiumion batteries in portable devicesbspan p p Miniaturization of electronic devices is leading to an increase in the adoption of lithiumion batteries in portable devices Lithiumion batteries are widely used in smartphones medical devices power tools and other portable devices These batteries have higher energy density and discharge slowly Therefore the increasing demand for portable devices will drive the growth of the global lithium hydroxide market over the forecast period p p iThe APAC region will witness a faster growth in the lithium hydroxide market Countries such as China Japan India and Indonesia are shifting their focus toward adopting EVs that run on lithiumion batteries The high rate of industrialization in the US and Mexico has fuelled the consumption of lithium hydroxide in the North American region Factors such as the thriving automobile industry and the rising demand for EVs will drive the lithium hydroxide market globallyi says an analyst at Technavio p p Many OEMs are launching EVs to strengthen their market position Recently BMW AG announced they theyre adding the BMW X3 to their EV portfolio This is expected to increase the sales of EVs offered by the company Furthermore countries such as the US are encouraging the sales of EVs by offering federal Internal Revenue Service IRS tax credit to buyers The rise in the sales of EVs will increase the demand for lithium hydroxide to produce lithiumion batteries Therefore the increased demand for EVs globally will fuel the growth of the lithium hydroxide market p p a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwtechnaviocom2Freport2Fgloballithiumhydroxidemarketindustryanalysis3Futmsource3Dt1126utmmedium3Dbwwk1626utmcampaign3Dbusinesswireampesheet51969448ampnewsitemid20190415005659amplanenUSampanchorViewsnapshotofthereportampindex2ampmd5daa9272d1ef8f4e7d9861bebd885fdd1 relnofollowibView snapshot of the reportbiaib for a more detailed overview of the market and the segmentation covered in this reportbi p p This global lithium hydroxide market industry research report provides an indepth analysis of the major drivers upcoming trends and challenges that will impact market growth over the forecast period The report analyzes the competitive landscape and offers details on several lithium hydroxide manufacturers including p ul li classbwlistitemmargb Albemarle Corporation li li classbwlistitemmargb International Lithium Corp li li classbwlistitemmargb Livent li li classbwlistitemmargb Orocobre Limited Pty Ltd li li classbwlistitemmargb SQM SA li li classbwlistitemmargb Tianqi Lithium Corporation li ul p bSome of the key topics covered in the report includeb p p bMarket Landscapeb p ul li classbwlistitemmargb Market ecosystem li li classbwlistitemmargb Market characteristics li li classbwlistitemmargb Market segmentation analysis li ul p bMarket Sizingb p ul li classbwlistitemmargb Market definition li li classbwlistitemmargb Market size and forecast li ul p bFive Forces Analysisb p p bMarket Segmentationb p p bGeographical Segmentationb p ul li classbwlistitemmargb Regional comparison li li classbwlistitemmargb Key leading countries li ul p bMarket Driversb p p bMarket Challengesb p p bMarket Trendsb p p bVendor Landscapeb p ul li classbwlistitemmargb Vendors covered li li classbwlistitemmargb Vendor classification li li classbwlistitemmargb Market positioning of vendors li li classbwlistitemmargb Competitive scenario li ul p bAbout Technaviob p p a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwtechnaviocom2Fampesheet51969448ampnewsitemid20190415005659amplanenUSampanchorTechnavioampindex3ampmd59c0d4cf637a3e04b349fd954fa2e9334 relnofollowbTechnavioba is a leading global technology research and advisory company Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions Technavios report library consists of more than 10000 reports covering 800 technologies spanning across 50 countries Their client base consists of enterprises of all sizes including more than 100 Fortune 500 companies p p Please contact our media team at a referrerpolicyunsafeurl targetblank hrefmailtomediatechnaviocom relnofollowbmediatechnaviocombab bforb bmore information p p p pimg referrerpolicyunsafeurl alt srchttpsctsbusinesswirecomctCTidbwnewsampsty20190415005659r1ampsidweb02ampdistronxamplangen stylewidth0height0span classbwct31415p

SOURCE: BUSINESS WIRE. ©2015 Business Wire

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