Lithium Chloride Market: Information by Type (Lithium Chloride Hydrate, Anhydrous Lithium Chloride, Others) Application (Medical, Industry, Electronics, Automotive, Others), and Region (Asia-Pacific, North America, Europe, Latin America, and Others) — Global Forecast till 2026
Lithium chloride is a chemical compound with the formula LiCl. The salt is a typical ionic compound, although the small size of the Li+ ion gives rise to properties not seen for other alkali metal chlorides, such as extraordinary solubility in polar solvents (83.05 g/100 mL of water at 20 °C) and its hygroscopic propertie.
The report forecasts the global Lithium Chloride market is estimated to be USD xxxx million in 2019 and is expected to reach USD xxxx million by 2026, with a CAGR of xxxx% during the forecast period.
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Key Dynamics
The global Lithium Chloride market is primly driven by the growing adoption in different applications. For instance, the material emerged as a preferable option for end users in the automobile sector for manufacturing automotive parts. In other aspects, metallurgy poses numerous market opportunities to the global Lithium Chloride market as the market growth is much reliant on the downstream field development. Furthermore, the surging demand for electric and hybrid commercial vehicles, electronic gadgets such as laptops may also positively impact market expansion.
Segmentation
On the basis of type, Lithium Chloride Market segmented into
l Anhydrous Lithium Chloride
l Others
On the application, Lithium Chloride Market segmented into
l Medical
l Industry
l Electronics
l Automotive
l Others
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Competitive Landscape
Important players profiled in the global Lithium Chloride market include SQM, FMC, FMC, Albemarle Corp, Jiangxi Ganfeng Lithium, Leverton-Clarke, Kurt J. Lesker, American Elements, Harshil Industries, Tianqi Lithium, Brivo Lithium, Jiangxi Dongpeng New Materials, Huizhi Lithium Energy, and etc.
Regional Spotlights
Geographically, the global Lithium Chloride market can be segmented into North America, Europe, Asia-Pacific, and ROW. Asia-Pacific area marked as the fast-growing region among other areas, which thanks to the presence of key players in the region, introduction of innovative products, joint venture and expansions are important business strategies of players to gaining competitiveness. What’s more, many companies in the region infuse high investment for future development and technological modifications to match the great demand for the material from various downstream vendors, this, in turn, further pumping up the regional market growth.
Overall Regions Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
In-depth Lithium Chloride Market Report: Intended Audience
l Lithium Chloride products manufacturers
l Raw material suppliers of Lithium Chloride products
l Downstream vendors and end-users
l Traders, distributors, and resellers of Lithium Chloride based products
l Chemical materials industry associations and research organizations
l Product managers, Lithium Chloride products industry administrator, C-level executives of the industries
l Market Research and consulting firms
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Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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