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Global Lithium Hydroxide Market 2019-2023 | Adoption of Lithium Hydroxide in Grease Manufacturing to Boost Growth | Technavio

November 8, 2019
Global Lithium Hydroxide Market 2019-2023 | Adoption of Lithium Hydroxide in Grease Manufacturing to Boost Growth | Technavio
Global Lithium Hydroxide Market 2019-2023 | Adoption of Lithium Hydroxide in Grease Manufacturing to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Nov 8, 2019--

The global lithium hydroxide market is expected to post a CAGR of more than 13% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global lithium hydroxide market 2019-2023. (Graphic: Business Wire)

Lithium-ion batteries are widely used in portable devices due to their high energy-to-weight ratios. The growing adoption of mobile electronics such as smartphones, laptops, and tablets is increasing the demand for lithium-ion batteries. Lithium-ion batteries also offer better energy density than nickel-cadmium (NiCd) and nickel-metal hydride (NiMH) batteries. They are also used in various medical devices such as automatic external defibrillators, surgical saws, drills, robotic inspection systems, infusion pumps, and others. The increasing use of lithium-ion batteries in such devices is expected to fuel the growth of the market during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30934

As per Technavio, adoption of Lithium Hydroxide in the grease manufacturing process will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Lithium Hydroxide Market: Adoption of Lithium Hydroxide In Grease Manufacturing

Grease manufacturers are increasing the use of lithium hydroxide as it helps them reduce the consumption of energy, water, and time. They are adopting lithium hydroxide dispersion technology to produce lithium and lithium complex greases based on a variety of base oils. The adoption of this technology is revolutionizing the grease manufacturing process and offering several benefits to end-users.

“Capacity expansions and increasing preference for renewable energy are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Lithium Hydroxide Market: Segmentation Analysis

This market report segments the global lithium hydroxide market by application (battery, lubricating greases, ceramics and glass, and others) and geography (APAC, Europe, MEA, North America, and South America).

The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the growing adoption of EVs in China, India, and Indonesia.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191108005312/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/08/2019 11:00 AM/DISC: 11/08/2019 11:01 AM

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