The global Lithium Hydroxide Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Application (Lithium-ion Batteries, Lubricating Greases, Purification, Others), By End-User (Automotive, Electronics, Energy, Industrial)
Lithium Hydroxide is an inorganic compound used primarily in lithium-ion battery production, lubricant manufacturing, ceramics, greases, metallurgy, and chemical synthesis. It serves as a key raw material for cathode materials in rechargeable batteries, providing high energy density, thermal stability, and extended battery life in electronic devices, electric vehicles (EVs), renewable energy storage systems, and portable electronics. The Lithium Hydroxide market is driven by the growth of electric mobility, energy storage solutions, grid-scale batteries, consumer electronics, and renewable energy projects, which rely on lithium-based technologies for sustainable power generation and energy transition. With increasing investments in battery manufacturing capacity, technological advancements in battery chemistry, and the shift towards clean energy initiatives, Lithium Hydroxide production is expected to grow, supporting the development of advanced battery technologies and the electrification of transportation and energy sectors globally.
The market report analyses the leading companies in the industry including Albemarle Corp, Fitz Chem LLC, Ganfeng Lithium Group Co. Ltd, KANTO KAGAKU, LevertonHELM Ltd, Livent, Nemaska Lithium, Shangai China Lithium Industrial Co. Ltd, Sichuan Brivo Lithium Materials Co. Ltd, SQM S.A., Tianqi Lithium.
The most prominent trend in the lithium hydroxide market is the increasing demand for lithium hydroxide in electric vehicle (EV) batteries. With the global shift towards electric mobility and the growing adoption of electric vehicles, there is a significant demand for lithium hydroxide as a key component in high-energy-density lithium-ion batteries. This trend includes the use of lithium hydroxide in EV battery manufacturing, energy storage systems, and portable electronic devices, driving market growth in the lithium chemicals sector.
A significant driver for the lithium hydroxide market is the growth of the electric vehicle market and renewable energy storage solutions. Governments, automotive manufacturers, and energy companies are investing in electric vehicle infrastructure, renewable energy projects, and grid-scale energy storage systems, driving the demand for lithium hydroxide as a critical material for battery technology. Factors such as EV subsidies, environmental policies, energy transition initiatives, and technological advancements in battery chemistry drive market expansion and demand for lithium hydroxide.
One Market Opportunity in the lithium hydroxide market lies in diversifying into energy storage solutions and battery material innovation. Apart from EV batteries, lithium hydroxide has applications in grid-scale energy storage, stationary batteries for renewable energy integration, and next-generation battery technologies such as solid-state batteries. Collaborating with energy storage companies, battery manufacturers, and research institutions presents opportunities to develop advanced lithium hydroxide-based materials, improve battery performance, increase energy density, and address challenges such as cost reduction and sustainability in battery production. Capitalizing on this opportunity involves R&D investment, partnership agreements, market validation, and commercialization of innovative battery materials and energy storage solutions based on lithium hydroxide.
The largest market segment among "Lithium Hydroxide by Application" is "Lithium-ion Batteries." The dominant market share of Lithium-Ion Batteries is driven by the rapid growth of electric vehicles (EVs), portable electronic devices, energy storage systems, and renewable energy technologies, all of which heavily rely on lithium-ion batteries. Lithium hydroxide is a key component in the cathode material of lithium-ion batteries, contributing to their high energy density, long cycle life, and improved performance. With the global push towards electrification and sustainability, the demand for lithium hydroxide for lithium-ion batteries continues to surge, solidifying its position as the largest segment in the lithium hydroxide market.
The rapid demand growth for Lithium Hydroxide in Automotive application is propelled by the rapid expansion of the electric vehicle (EV) market worldwide, driven by government initiatives, consumer preferences for clean energy transportation, and advancements in EV technology. Lithium hydroxide is a crucial component in the production of lithium-ion batteries used in electric vehicles, offering high energy density and longer battery life. As automotive manufacturers increasingly shift towards electrification to meet stringent emission regulations and address climate change concerns, the demand for lithium hydroxide in the automotive sector continues to accelerate, making it the fastest-growing segment in the lithium hydroxide market.
The US Lithium Hydroxide market is witnessing significant traction driven by the expanding electric vehicle (EV) and energy storage sectors. Lithium hydroxide is a critical component in the production of lithium-ion batteries, which power EVs, portable electronics, and grid-scale energy storage systems. With the transition toward clean energy solutions and the electrification of transportation, the demand for lithium hydroxide is expected to rise, supported by investments in battery manufacturing facilities, renewable energy projects, and sustainable mobility initiatives across the country.
By Application
Lithium-ion Batteries
Lubricating Greases
Purification
Others
By End-User
Automotive
Electronics
Energy
Industrial
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa
Albemarle Corp
Fitz Chem LLC
Ganfeng Lithium Group Co. Ltd
KANTO KAGAKU
LevertonHELM Ltd
Livent
Nemaska Lithium
Shangai China Lithium Industrial Co. Ltd
Sichuan Brivo Lithium Materials Co. Ltd
SQM S.A.
Tianqi Lithium
*- List not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Lithium Hydroxide Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Lithium Hydroxide Market Size Outlook, $ Million, 2021 to 2030
3.2 Lithium Hydroxide Market Outlook by Type, $ Million, 2021 to 2030
3.3 Lithium Hydroxide Market Outlook by Product, $ Million, 2021 to 2030
3.4 Lithium Hydroxide Market Outlook by Application, $ Million, 2021 to 2030
3.5 Lithium Hydroxide Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Lithium Hydroxide Industry
4.2 Key Market Trends in Lithium Hydroxide Industry
4.3 Potential Opportunities in Lithium Hydroxide Industry
4.4 Key Challenges in Lithium Hydroxide Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Lithium Hydroxide Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Lithium Hydroxide Market Outlook by Segments
7.1 Lithium Hydroxide Market Outlook by Segments, $ Million, 2021- 2030
By Application
Lithium-ion Batteries
Lubricating Greases
Purification
Others
By End-User
Automotive
Electronics
Energy
Industrial
8 North America Lithium Hydroxide Market Analysis and Outlook To 2030
8.1 Introduction to North America Lithium Hydroxide Markets in 2024
8.2 North America Lithium Hydroxide Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Lithium Hydroxide Market size Outlook by Segments, 2021-2030
By Application
Lithium-ion Batteries
Lubricating Greases
Purification
Others
By End-User
Automotive
Electronics
Energy
Industrial
9 Europe Lithium Hydroxide Market Analysis and Outlook To 2030
9.1 Introduction to Europe Lithium Hydroxide Markets in 2024
9.2 Europe Lithium Hydroxide Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Lithium Hydroxide Market Size Outlook by Segments, 2021-2030
By Application
Lithium-ion Batteries
Lubricating Greases
Purification
Others
By End-User
Automotive
Electronics
Energy
Industrial
10 Asia Pacific Lithium Hydroxide Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Lithium Hydroxide Markets in 2024
10.2 Asia Pacific Lithium Hydroxide Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Lithium Hydroxide Market size Outlook by Segments, 2021-2030
By Application
Lithium-ion Batteries
Lubricating Greases
Purification
Others
By End-User
Automotive
Electronics
Energy
Industrial
11 South America Lithium Hydroxide Market Analysis and Outlook To 2030
11.1 Introduction to South America Lithium Hydroxide Markets in 2024
11.2 South America Lithium Hydroxide Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Lithium Hydroxide Market size Outlook by Segments, 2021-2030
By Application
Lithium-ion Batteries
Lubricating Greases
Purification
Others
By End-User
Automotive
Electronics
Energy
Industrial
12 Middle East and Africa Lithium Hydroxide Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Lithium Hydroxide Markets in 2024
12.2 Middle East and Africa Lithium Hydroxide Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Lithium Hydroxide Market size Outlook by Segments, 2021-2030
By Application
Lithium-ion Batteries
Lubricating Greases
Purification
Others
By End-User
Automotive
Electronics
Energy
Industrial
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Albemarle Corp
Fitz Chem LLC
Ganfeng Lithium Group Co. Ltd
KANTO KAGAKU
LevertonHELM Ltd
Livent
Nemaska Lithium
Shangai China Lithium Industrial Co. Ltd
Sichuan Brivo Lithium Materials Co. Ltd
SQM S.A.
Tianqi Lithium
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Application
Lithium-ion Batteries
Lubricating Greases
Purification
Others
By End-User
Automotive
Electronics
Energy
Industrial
Global Lithium Hydroxide Market is forecast to reach $3.2 Billion in 2030 from $1.7 Billion in 2024, registering a CAGR of 11.1%
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Albemarle Corp, Fitz Chem LLC, Ganfeng Lithium Group Co. Ltd, KANTO KAGAKU, LevertonHELM Ltd, Livent, Nemaska Lithium, Shangai China Lithium Industrial Co. Ltd, Sichuan Brivo Lithium Materials Co. Ltd, SQM S.A., Tianqi Lithium
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume