The global lithium chloride market holds a valuation of US$ 1.2 billion in 2022 and with increasing demand in battery production, the market is expected to inflate at CAGR 6.3% by end of the forecast period. Lithium chloride is ionic salt used as a dehumidifying agent in air conditioners. It has an excellent moisture absorption effect and can absorb 1000 times its mass, even in extremely low environmental conditions.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Lithium Chloride Market both at worldwide and provincial levels.
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Market Players: –
- Albemarle
- FENGCHEN GROUP CO., LTD
- Ganfeng Lithium
- Harshil Industries
- Hefei TNJ Chemical Industry Co., Ltd.
- Leverton
- Mody Chemi Pharma Ltd.
- Muby Chemicals
- Nippon Chemical Industrial
- Otto Chemie Pvt Ltd
- Sontara Organo Industries
- TCI Chemical
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
Manufacturers Key Strategies
Leading manufacturers of lithium chloride are Albemarle, FENGCHEN GROUP CO., LT, Ganfeng Lithium, Harshil Industries, Hefei TNJ Chemical Industry Co., Ltd, Leverton, Mody Chemi Pharma Ltd., Muby Chemicals, Nippon Chemical Industrial, Otto Chemie Pvt Ltd, Sontara Organo Industries, TCI Chemical, others.
The global market for lithium chloride requires constant improvement in pricing strategies, as current production is very costly. In the account of, the increasing demand for lithium chloride for battery production, the manufacturers are looking towards forward integration to suffice the raw material demand & supply gap in the market. Also, investment in sustainable production methodologies is been done by leading manufacturers to align with environmental protection guidelines.
- In September 2020, the US department of energy partnered with leading lithium chloride manufacturers for lithium research projects for the efficient utilization of lithium brine solution
Fact.MR has provided detailed information about the price points of key manufacturers of lithium chloride positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Lithium Chloride Market
- By Form :
- Solid
- Liquid
- By Type :
- Hydrate
- Anhydrous
- By Purity :
- <2N
- 2N
- 3N
- 4N
- 5N
- By Function :
- Dehumidifier
- Bactericide
- Finishing Agent
- Tracer
- By Application :
- Batteries Production
- Chemicals Production
- Construction Chemicals
- Industrial Chemicals
- Metal Working / Production
- Waste Water Purification
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Lithium Chloride Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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