The report published on global Lithium Chloride market is an extensive analysis of the market with a panoramic overview of the industry with regards to market size, market share, revenue growth, opportunities, drivers, restraints. The Lithium Chloride offers precise market scenario crucial real-time information about the developments and advancements in the market to help readers, stakeholders, and investors capitalize on the emerging opportunities. In addition, regional analysis and competitive landscape are covered in the report to offer clear picture of the market growth. Development policies and plans along with manufacturing processes and costs structures are covered in the report.
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Lithium chloride, abbreviated LiCl, which is a chemical compound. The salt is a conventional ionic compound, but due to the tiny size of the Li+ ion, it has features not observed in other alkali metal chlorides, such as exceptional solubility in polar solvents and hygroscopic qualities. It is primarily utilized in the electrolysis of a LiCl/KCl melt at 450°C (842°F) to produce lithium metal. LiCl is also utilized as an aluminum brazing flux in vehicle components. It is used to dry air streams as a desiccant.
Major Companies in the Market Include:
- Albemarle Corporation (US)
- SQM S.A. (Chile)
- Livent (US)
- Altura Mining (Australia)
- Orocobre Limited Pvt. Ltd (Australia)
- Jiangxi Ganfeng Lithium Co. Ltd (China)
- Tianqi Lithium Industries Inc. (China)
- Critical Elements Corporation (Canada)
- Lithium Americas Corp. (Canada)
- Sayona Mining Limited (Australia)
The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Lithium Chloride Market is expected to rise in the coming years.
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Type Outlook (Revenue, USD Billion; 2019-2030)
- Hydrate
- Anhydrous
Application/End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Medical
- Industry
- Electronics
- Automotive
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Regional Outlook
For comprehensive understanding of market dynamics, the global Lithium Chloride market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Lithium Chloride Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Lithium Chloride Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Lithium Chloride Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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