Global Lithium Chloride Market Trends and Growth Assessment during the Period of 2017-2022

Albany, New York, June 5, 2017: The use of lithium chloride as a desiccant in refrigeration machines to manufacture mineral water and for soldering aluminum, marks the upgradation of lithium chloride market at the global level. To further enlighten the market scenario, Market Research Hub (MRH) has added an analyzed report titled as “Global Lithium Chloride Market Research Report 2017” to its large repository. The researched report has deeply studied the lithium chloride (LiCl) market that is valued at some million USD in 2016 and is proportionated to increase by the end of 2022, with a significant CAGR.

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The varying use of Lithium chloride or LiCl for the production of lithium metal, as a desiccant for drying air streams and, as a brazing flux for aluminium in automobile parts has strengthened its market hold at the global level. Lithium chloride is also used as a flame colorant to produce dark red flames.

The report starts with the overview of lithium chloride market detailing the product, scope, and segments. The market is segregated by type, application, and region for the lithium chloride market. In the report, year 2012-2022 comparison in done by production and CAGR for the product type that includes lithium chloride hydrate and anhydrous lithium chloride. Similarly, lithium chloride consumption is compared for the application (2012-2022). The main applications of LiCl mentioned in the report involve medical, industry, electronics, automotive and other. It further provides the comparison analysis by status & prospect of the main region including North-America, Europe, China, Japan, Southeast Asia and India.

The research also features competition analysis by the main manufacturers at the global scale. The manufacturers are evaluated from 2012-2017 with capacity, production, share, revenue and the average price for the described market. The top 3 and top5 manufacturers are also discussed with mergers & acquisitions and expansion. The key players analyzed in the study includes SQM, FMC Corp, Albemarle Corp, Jiangxi Ganfeng Lithium, Leverton-Clarke, Kurt J. Lesker, American Elements, Harshil Industries, Tianqi Lithium, Brivo Lithium, Jiangxi Dongpeng New Materials and Huizhi Lithium Energy.

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Lastly, the lithium chloride manufacturing cost analysis is done by analyzing key raw material, the proportion of manufacturing cost structure and manufacturing process analysis. The report finally concludes with marketing strategy and market effect factors analysis providing a detailed overview of the lithium chloride market outlook and trend. The study suspends with the forecasted market analysis of the lithium chloride at the global level seeing various market factors.

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