Global High Purity Lithium Hydroxide Market Size To Exceed USD 5.6 Billion By 2035 | CAGR Of 12.72%
Category: Chemicals & MaterialsGlobal High Purity Lithium Hydroxide Market Size To Exceed USD 5.6 Billion By 2035 | CAGR Of 12.72%
According to a research report published by Spherical Insights & Consulting, The Global High Purity Lithium Hydroxide Market Size was worth around USD 1.5 Billion 2024, Growing to USD 1.68 Billion in 2025, and is predicted to Grow to around USD 5.6 Billion by 2035 with a compound annual growth rate (CAGR) of 12.72% from 2025 to 2035.
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Browse 215 Market Data Tables And 45 Figures Spread Through 130 Pages and In-Depth TOC On the "Global High Purity Lithium Hydroxide Market Size, Share, and COVID-19 Impact Analysis, By Product Form (Anhydrous Lithium Hydroxide, and Lithium Hydroxide Monohydrate), By Purity Level (Battery Grade (≥56.5% / ≥99.9% pure), and Technical Grade (≥55%)), By Application (Lithium-Ion Batteries (Electric Vehicles (EVs), Energy Storage Systems (ESS), Consumer Electronics), Lubricating Greases, Glass & Ceramics, Air Purification (CO2 scrubbing), and Other Niche Applications), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/high-purity-lithium-hydroxide-market
The Global Industry that produces, distributes, and markets lithium hydroxide with a high level of purity is known as the "High Purity Lithium Hydroxide market." The production of lithium-ion batteries, particularly for electric cars and energy Applications, relies heavily on this crucial raw ingredient. Meeting the growing demand for premium lithium hydroxide for use in energy storage systems and electric car batteries, as well as promoting sustainable growth in the clean energy industry globally, are the primary goals of the high purity lithium hydroxide market. The market is driven by a number of factors, including government policies that favor electric mobility, technological improvements, and the need for sustainable energy solutions. It includes stages such as lithium extraction, refining, and processing. Due to large expenditures made by automakers and battery manufacturers seeking to increase their manufacturing capacity, the demand for high-purity lithium hydroxide is rising significantly. However, high purity lithium hydroxide market growth is restrained by supply chain disruptions, high production costs, and fluctuating raw material prices.
The lithium hydroxide monohydrate segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product form, the high purity lithium hydroxide market is divided into anhydrous lithium hydroxide and lithium hydroxide monohydrate. Among these, the lithium hydroxide monohydrate segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The stable chemical characteristics, ease of handling, and compatibility for high-nickel cathode chemistries like NMC and NCA make lithium hydroxide monohydrate the chosen material for many battery producers.
The battery grade segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the purity level, the high purity lithium hydroxide market is divided into battery grade (≥56.5% / ≥99.9% pure) and technical grade (≥55%). Among these, the battery grade segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The battery-grade is especially necessary for high-performance battery applications, especially in large-scale energy storage systems, portable devices, and electric vehicles (EVs). Additionally, the dominance of this segment has been further cemented by the increased desire for high-nickel cathode chemistries, such as NMC and NCA, which require high-purity lithium inputs.
The lithium-ion batteries segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the high purity lithium hydroxide market is divided into lithium-ion batteries (electric vehicles (EVs), energy storage systems (ESS), consumer electronics), lubricating greases, glass & ceramics, air purification (CO2 scrubbing), and other niche applications. Among these, the lithium-ion batteries segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The lithium-ion battery segment's dominant position in the high-purity lithium hydroxide market is further supported by the steady improvements in battery technology and the growing use of lithium-ion batteries across a range of industries.
Asia Pacific is expected to hold the majority share of the global high purity lithium hydroxide market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global high purity lithium hydroxide market during the forecast period. The established battery manufacturing infrastructure, large expenditures in the production of electric vehicles, and continuous developments in lithium refining technology are the reasons for the Asia Pacific region's success. A strong supply chain network and advantageous governmental policies enable nations like China, Japan, and South Korea to play a crucial role. Asia Pacific is the world's largest market for high purity lithium hydroxide due to these variables taken together.
North America is anticipated to grow at the fastest pace in the global high purity lithium hydroxide market during the forecast period. The growing demand for electric vehicles, significant investments in domestic battery production and lithium refining, and encouraging government programs that boost clean energy and lessen dependency on international supply chains are what propel North America. North America is positioned as a major growth hub in the worldwide market for high purity lithium hydroxide due to the region's focus on creating safe and sustainable supply chains for battery materials.
Major vendors in the global high purity lithium hydroxide market are SQM, LG Chem, Livent Corporation, Allkem Limited, Pilbara Minerals, Mineral Resources, Albemarle Corporation, Lithium Americas Corp., Piedmont Lithium Limited, Galaxy Resources Limited, Tianqi Lithium Corporation, Ganfeng Lithium Group Co., Ltd, Sichuan Yahua Industrial Group Co., Ltd, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In December 2024, to support the expansion of EV batteries and renewable energy, European Metals announced an enhanced production plan that aims to produce 41,658 tonnes of battery-grade lithium hydroxide yearly, a 42% increase from its Cinovec operation in the Czech Republic.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the high purity lithium hydroxide market based on the below-mentioned segments:
Global High Purity Lithium Hydroxide Market, By Product Form
- Anhydrous Lithium Hydroxide
- Lithium Hydroxide Monohydrate
Global High Purity Lithium Hydroxide Market, By Purity Level
- Battery Grade (≥56.5% / ≥99.9% pure)
- Technical Grade (≥55%)
Global High Purity Lithium Hydroxide Market, By Application
- Lithium-Ion Batteries
- Electric Vehicles (EVs)
- Energy Storage Systems (ESS)
- Consumer Electronics
- Lubricating Greases
- Glass & Ceramics
- Air Purification (CO2 scrubbing)
- Other Niche Applications
Global High Purity Lithium Hydroxide Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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