Get the latest insights on price movement and trend analysis of Lithium Hydroxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Lithium Hydroxide Price Change in July 2025? The Lithium Hydroxide Spot Price Index in the U.S. dropped by 3.2% in Q2 2025, with prices declining to USD 8,600/MT by the end of June.

Lithium fell to 71,350 CNY/T on August 1, 2025, down 0.90% from the previous day. Over the past month, Lithium's price has risen 15.73%, but it is still 10.25% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lithium - values, historical data, forecasts and news - updated on August of 2025.

The Lithium Hydroxide Market Report is Segmented by Application (Lithium-Ion Batteries, Lubricating Grease, and More), End-Use Industry (Automotive, Consumer Electronics, and More), Grade (Battery Grade, Technical Grade, and Industrial Grade), Form (Monohydrate and Anhydrous), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa).

The global Lithium Hydroxide market stood at approximately 180 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 10.20% during the forecast period until 2032.

The lithium hydroxide market size was valued at USD 25.17 billion in 2024 and is expected to reach USD 156.63 billion by 2037, registering around 15.1% CAGR during the forecast period i.e., between 2025-2037. Asia Pacific industry is poised to dominate majority revenue share by 2037, fueled by strong manufacturing and battery production in the region.

The global market size of Lithium Hydroxide Monohydrate is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Lithium Hydroxide Monohydrate Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Lithium Hydroxide Monohydrate industry. The key insights of the report:
1.The report provides key statistics on the market status of the Lithium Hydroxide Monohydrate manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Lithium Hydroxide Monohydrate industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Lithium Hydroxide Monohydrate Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Lithium Hydroxide Monohydrate as well as some small players. At least 5 companies are included:
* FMC
* Rockwood Lithium
* Simbol
* SQM
* Tianqi Lithium,

The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Lithium Hydroxide Monohydrate market
* Industrial Grade
* Battery Grade
* Other
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

The Lithium Hydroxide Market size is expected to reach a valuation of USD 86.95 billion in 2033 growing at a CAGR of 16.2%. The Lithium Hydroxide market research report classifies market by share, trend, demand, forecast and based on segmentation.

According to Cognitive Market Research, the global technical grade lithium hydroxide market size is USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of 4.10% from 2023 to 2030. Growing Demand for Electric Vehicles to Drive the Market Expansion.

The importance of renewable energy and energy storage grew, particularly in light of worldwide initiatives to minimise greenhouse gas emissions and promote green energy is anticipated to drive the market growth. Spending on technical grade lithium hydroxide for stationary energy storage and electric vehicles has surged. The primary drivers of the market are the increasing demand for technical grade lithium hydroxide used in electric vehicles and the growing popularity of lithium hydroxide NCA cathode-powered power tools.

For instance, in August 2022, Ganfeng Lithium stated that it has partnered with GAC AlON in a long-term strategic cooperation to enhance the development of battery raw materials and the recycling of outdated new electric vehicle ("NEV") batteries.

Source-www.marklines.com/en/top500/catl

Novel and Enhanced Tchnology in Lithium Ion Battery to Propel Market Growth

New and improved lithium-ion battery technology is being developed as battery applications require more power and lower costs. Battery technology developments are critical to meeting consumer demand for portable devices and electric vehicles with greater battery life and faster charging periods. As a result, new materials, manufacturing methods, and battery management systems have been developed to improve the efficiency and performance of technical grade lithium hydroxide.

For instance, in May 2022, According to the International Energy Agency (IEA), electric vehicle sales are expected to reach a record high of 4.7 million units in 2021, a 43% increase over the previous year.

Market Restraints of the Technical Grade Lithium Hydroxide Market

The High Expense of Procedure Stemming from the Need for Multiple Stages and the Use of Lime, Which Generates Waste, are Hamper the Market Growth. 

Numerous common reasons of maintenance outages in processing plants that lead to reduced output, increased costs, and downtime, regardless of whether LiOH is derived from carbonate or straight from a spodumene slurry. Erosion frequently serves as a source of contaminants as well. The hardness of crystallised hydroxide is well known to those who have attempted to chip it out of equipment (more on this later). The erosion that occurs when this material is moving quickly through a pipe in the form of a turbulent hot slurry is also noteworthy.

Impact of the COVID-19 on Technical Grade Lithium Hydroxide market

The COVID-19 pandemic affected the technical grade lithium hydroxide market significantly. Lockdowns and mask mandates reduced the demand for lithium hydroxide COVID-19 influenced short-term lithium hydroxide sales. Covid-19 is causing a backlog in the lithium hydroxide supply chain. Overseas markets, primarily Japan and South Korea, bought more over 80% of China's hydroxide output. Overseas consumers are having difficulty obtaining lithium hydroxide due to customs clearance complications caused by the epidemic. Domestic users are also suffering issues as a result of transportation disruptions. They may find it increasingly difficult to obtain the material as converters work to keep their foreign customers well supplied. These effects are exacerbated by the chemical's limited shelf life. Because lithium hydroxide is highly hygroscopic and oxidative, users rarely keep considerable quantities of it on hand. What is Technical Grade Lithium Hydroxide?

Lithium hydroxide is a chemical used in the production of technical grade lithium hydroxide , ceramics, and lubricants. Lithium-ion batteries are commonly employed in electric vehicles, portable electronics, and grid energy storage systems. The market is primarily driven by rising demand for technical grade lithium hydroxide in the automotive sector. Lithium-ion batteries are commonly employed in electric vehicles due to their high energy density, extended life, and low self-discharge rates. The automotive industry is experiencing an increase in demand for technical grade lithium hydroxide . Lithium-ion batteries are commonly employed in electric vehicles due to their high energy density, extended life, and low self-discharge rates...

In 2025, the price of ** percent lithium carbonate is projected to be around **** U.S. dollars per kilogram. Growing global lithium demandThere has been a steady increase in battery demand globally, which in turn becomes a strong driver of lithium usage in the future. However, producers have been unable to keep up with the demand. In 2025, global lithium demand is expected to reach ***** metric tons of lithium carbonate equivalent for non-rechargeable batteries. The 2018 annual average price of battery-grade lithium carbonate was ****** U.S. dollars per metric ton, increased from the ****** U.S. dollars in the previous year. Lithium demand by applicationLithium has many end use applications aside from batteries. For example, demand for lithium in ceramics is anticipated to reach ****** metric tons of lithium carbonate equivalent in 2025. Another example is that the demand for lithium in polymers is expected to grow to ****** metric tons of lithium carbonate equivalent by 2025, from the 2018 demand which was ***** metric tons.

Dive into Market Research Intellect's High Purity Lithium Hydroxide Monohydrate Market Report, valued at USD 2.1 billion in 2024, and forecast to reach USD 6.5 billion by 2033, growing at a CAGR of 14.2% from 2026 to 2033.

Lithium Hydroxide Market Outlook

The global lithium hydroxide market size was valued at approximately USD 810 million in 2023 and is projected to reach around USD 2.56 billion by 2032, growing at a CAGR of 13.7% during the forecast period. This substantial growth can be attributed to the escalating demand for lithium-ion batteries, particularly in the electric vehicle (EV) sector, and the increasing adoption of renewable energy storage solutions. Furthermore, advancements in battery technologies and rising governmental policies supporting green energy are driving the market.

One of the main growth factors for the lithium hydroxide market is the surging demand for electric vehicles (EVs). The automotive industry is witnessing a significant shift towards electrification as countries and companies focus on reducing carbon emissions. Lithium-ion batteries, which use lithium hydroxide as a key component, are essential for powering EVs due to their high energy density and long cycle life. As EV adoption continues to rise globally, the demand for lithium hydroxide is expected to follow suit, bolstering the market's growth.

The increasing emphasis on renewable energy sources is another critical driver for the lithium hydroxide market. With the world moving towards cleaner energy solutions, the need for efficient energy storage systems has become paramount. Lithium-ion batteries, facilitated by lithium hydroxide, play a crucial role in storing energy from renewable sources like solar and wind. This not only ensures a steady supply of energy but also addresses the intermittent nature of renewables. Consequently, the push for renewable energy adoption is significantly contributing to the market's expansion.

Technological advancements in battery manufacturing are also propelling the lithium hydroxide market forward. Continuous research and development efforts are focused on enhancing battery performance, safety, and cost-effectiveness. Innovations such as solid-state batteries and next-generation lithium-ion batteries are expected to create new opportunities for lithium hydroxide. These advanced batteries promise higher energy densities, faster charging times, and longer lifespans, further driving the demand for lithium hydroxide in the coming years.

From a regional perspective, Asia Pacific holds the largest share in the lithium hydroxide market, primarily due to the presence of major EV manufacturers and battery producers in countries like China, Japan, and South Korea. North America and Europe are also significant markets, driven by increasing investments in EV infrastructure and stringent emission regulations. Latin America and the Middle East & Africa, though smaller in market size, are witnessing gradual growth, supported by emerging industrial activities and the adoption of clean energy solutions.

Grade Analysis

The lithium hydroxide market is segmented by grade into Battery Grade, Technical Grade, and Industrial Grade. Battery Grade lithium hydroxide is of high purity and is predominantly used in the manufacture of lithium-ion batteries. The demand for Battery Grade lithium hydroxide is on a steady rise, driven primarily by the booming electric vehicle (EV) industry and the increasing use of lithium-ion batteries in consumer electronics. The transition from traditional combustion engines to electric vehicles, along with advancements in battery technology, is expected to fuel the demand for Battery Grade lithium hydroxide significantly.

Technical Grade lithium hydroxide, though not as pure as Battery Grade, finds extensive applications in various industrial processes. It is used in the production of greases, dyes, and other chemical synthesis processes. The consistent demand from these applications ensures a stable market for Technical Grade lithium hydroxide. Additionally, the ongoing industrialization in emerging economies is likely to boost the consumption of Technical Grade lithium hydroxide, thereby contributing to the overall market growth.

Industrial Grade lithium hydroxide is utilized in a myriad of applications, including glass and ceramics, air conditioning, and lubricants. The glass and ceramics industry, in particular, is a significant consumer of Industrial Grade lithium hydroxide, as it enhances the properties of glass and ceramic products. The air conditioning sector also utilizes lithium hydroxide for its moisture-absorbing properties. As these industries continue to expand, especially in developing regions, the demand for Industrial Grade lithium hydroxide is expected to follow an upward trajector

The global Battery Grade Lithium Hydroxide market is anticipated to reach a market value of 125.5 million by 2033, expanding at a CAGR of 3.6% from 2025 to 2033. The growth of the market is primarily driven by the increasing demand for electric vehicles and consumer electronics, which are key applications of lithium hydroxide. The market is segmented based on application into consumer electronics, electric vehicles, and others. The electric vehicles segment is expected to hold the largest market share over the forecast period, owing to the rising popularity of electric vehicles and the increasing production of electric vehicles. The consumer electronics segment is also expected to witness significant growth, driven by the growing demand for portable electronic devices and the adoption of lithium-ion batteries in these devices.

The global lithium hydroxide market is projected to reach a value of $1.65 billion by 2033, expanding at a CAGR of 9.22% during the forecast period (2025-2033). The increasing adoption of electric vehicles, coupled with the growing demand for lithium-ion batteries in various electronic devices, is primarily driving the market growth. The use of lithium hydroxide in the production of lithium-ion batteries for electric vehicles has been a significant factor in the market's expansion. Lithium hydroxide is a crucial component in the electrolyte solution of lithium-ion batteries, enabling the transfer of lithium ions between the electrodes during charging and discharging. The market is segmented by application into batteries, ceramic glass, lubricant grease, and air conditioning. The batteries segment holds the largest market share due to the increasing demand for lithium-ion batteries in electric vehicles and consumer electronics. The ceramic glass segment is expected to witness significant growth owing to the rising demand for lithium hydroxide in the production of high-strength and lightweight glass materials. The lubricant grease segment is projected to grow steadily due to the increasing use of lithium hydroxide in the production of high-temperature and extreme-pressure lubricants. The air conditioning segment is expected to witness moderate growth as lithium hydroxide is used in the manufacturing of refrigerants for air conditioning systems. Lithium Hydroxide Market is expected to grow from USD 1.2 billion in 2022 to USD 2.5 billion by 2027, at a CAGR of 14.3% during the forecast period. The market is driven by the increasing demand for lithium-ion batteries in electric vehicles and consumer electronics. Lithium hydroxide is a key component of lithium-ion batteries, and the growing demand for these batteries is expected to drive the demand for lithium hydroxide. Recent developments include: May 2023: A lithium-processing facility will be built by Albemarle, a Tesla supplier, to enable the annual production of 2,4 million electric vehicles. 50,000 tonnes of battery-grade lithium hydroxide will be processed at a new plant by the American company Albemarle Corporation., August 2022: In order to improve the development of battery raw materials and the recycling of old new electric vehicle ("NEV") batteries, Ganfeng Lithium announced that it had joined forces with GAC AION in a long-term strategic relationship., June 2021: A 50 megawatt energy system connected to the National Grid's high-voltage transmission system was launched in the United Kingdom. This undertaking is a piece of the nation's USD 48.5 million Energy Superhub Oxford (ESO) strategy. Pivot Power is in charge of the project, which has the support of the British government.. Potential restraints include: UNCERTAINTY IN CRUDE OIL PRICES DUE TO STRINGENT RELATIONS BETWEEN IMPORTER AND EXPORTER. Notable trends are: Growing demand for electric vehicles is driving the market growth.

Lithium Hydroxide Market Outlook

According to our latest research, the global lithium hydroxide market size was valued at USD 3.2 billion in 2024, reflecting robust growth driven by the expansion of electric vehicle (EV) manufacturing and energy storage solutions. The market is witnessing a strong compound annual growth rate (CAGR) of 21.8% and is projected to reach a significant value of USD 23.7 billion by 2033, as per our comprehensive analysis. This substantial growth is primarily attributed to the surging demand for high-performance lithium-ion batteries, which are integral to the ongoing global transition towards clean energy and sustainable transportation.

The principal growth factor propelling the lithium hydroxide market is the exponential rise in electric vehicle production worldwide. Automakers are increasingly shifting towards lithium-ion batteries due to their superior energy density, safety, and long lifecycle, with lithium hydroxide being a critical raw material for cathode manufacturing, particularly for nickel-rich chemistries. Furthermore, governments across major economies are implementing stringent emission norms and offering incentives for EV adoption, which is directly boosting the consumption of lithium hydroxide. This trend is expected to intensify over the forecast period as battery manufacturers and automotive OEMs secure long-term supply agreements to ensure the availability of high-purity lithium hydroxide for next-generation battery technologies.

Another significant driver for the lithium hydroxide market is the rapid development and deployment of renewable energy storage systems. As the integration of renewable energy sources such as solar and wind accelerates, the need for efficient and reliable energy storage solutions is becoming paramount. Lithium-ion batteries, enabled by lithium hydroxide, are at the forefront of this transformation, supporting grid stabilization, frequency regulation, and backup power applications. The market is further supported by technological advancements in battery chemistry, which are enhancing energy density and reducing costs, thereby making energy storage systems more accessible and scalable for utility, commercial, and residential applications.

In addition to its pivotal role in batteries, lithium hydroxide is witnessing increased demand in other industrial applications, such as lubricants, polymers, and air treatment. The unique chemical properties of lithium hydroxide make it an essential additive in high-performance greases, glass and ceramics manufacturing, and carbon dioxide scrubbers for air purification. The versatility of lithium hydroxide across diverse end-use industries is providing a stable foundation for market growth, mitigating risks associated with over-reliance on the battery sector. This broad application spectrum is encouraging new investments in lithium extraction, refining, and conversion facilities worldwide.

From a regional perspective, the Asia Pacific region remains the dominant force in the lithium hydroxide market, accounting for the largest share in 2024 due to the presence of major battery manufacturers and rapidly expanding electric vehicle markets in China, Japan, and South Korea. North America and Europe are also witnessing accelerated growth, propelled by robust investments in EV infrastructure, battery gigafactories, and supportive policy frameworks. Latin America, with its abundant lithium reserves, is emerging as a key supplier, while the Middle East & Africa are gradually exploring new opportunities in the energy transition value chain. The regional dynamics are expected to evolve further as new projects and supply agreements reshape the global lithium hydroxide landscape.

Product Type Analysis

The product type segmentation of the lithium hydroxide market encompasses battery grade, industrial grade, and technical grade variants, each catering to distinct end-use requirements. Battery grade lithium hydroxide holds the dominant share in 2024

Explore the Lithium Hydroxide Market with insights on demand, volume, price range, and industry outlook. Get a comprehensive analysis of key trends, applications, and future forecasts from 2018 to 2034.

Explore the growth potential of Market Research Intellect's report_name, valued at current_value in 2024, with a forecasted market size of forecast_value by 2033, growing at a CAGR of cagr_value from 2026 to 2033.

Lithium Hydroxide Market Outlook

As per our latest research, the global lithium hydroxide market size reached USD 3.2 billion in 2024, reflecting robust demand driven primarily by the electric vehicle (EV) and renewable energy sectors. The market is demonstrating a strong growth trajectory with a CAGR of 18.7% anticipated from 2025 to 2033. By the end of 2033, the lithium hydroxide market is projected to attain a value of USD 17.5 billion, driven by the accelerating adoption of lithium-ion batteries, technological advancements in battery chemistries, and expanding applications in various industrial segments.

The primary growth factor for the lithium hydroxide market is the exponential rise in demand for lithium-ion batteries, especially in the automotive sector. The global push towards electrification, the implementation of stringent regulations on carbon emissions, and the growing consumer preference for sustainable mobility solutions have compelled automakers to significantly ramp up EV production. Lithium hydroxide, owing to its superior performance in high-nickel cathode chemistries, has become the preferred choice for battery manufacturers seeking enhanced energy density and longer lifecycle. As battery technologies evolve, the reliance on high-purity lithium hydroxide continues to intensify, further fueling the market’s expansion.

Another significant driver propelling the lithium hydroxide market is the rapid development of renewable energy storage solutions. With the global energy mix transitioning towards solar and wind, the need for efficient and reliable energy storage systems has surged. Lithium-ion batteries, utilizing lithium hydroxide, play a pivotal role in grid stabilization, peak shaving, and energy backup applications. The deployment of large-scale energy storage projects by utilities and governments, coupled with increasing investments in smart grid infrastructure, is contributing to sustained demand for lithium hydroxide. Additionally, emerging applications in industrial lubricants, ceramics, glass, and polymers are supporting the market’s diversification and resilience.

The supply chain dynamics and advancements in lithium extraction and processing technologies have also had a profound impact on the lithium hydroxide market. Innovations in direct lithium extraction (DLE) and sustainable mining practices are enhancing production efficiency, reducing environmental impact, and ensuring a more stable supply of high-quality lithium hydroxide. As companies invest in vertical integration and secure long-term supply contracts, the market is witnessing greater stability and reduced price volatility. Furthermore, government incentives, strategic collaborations, and public-private partnerships are fostering an environment conducive to growth and innovation across the value chain.

Regionally, the Asia Pacific dominates the lithium hydroxide market owing to the presence of leading battery manufacturers, rapid industrialization, and robust EV adoption in countries like China, Japan, and South Korea. North America and Europe are also experiencing significant growth, driven by policy support for clean energy, local battery manufacturing initiatives, and investments in EV infrastructure. Latin America and the Middle East & Africa, while currently smaller in market share, are emerging as critical players due to abundant lithium reserves and increasing foreign investments in mining and processing capacities. The global landscape is thus characterized by dynamic regional interplay, shaping both supply and demand patterns.

Type Analysis

The lithium hydroxide market is segmented by type into battery grade, industrial grade, and technical grade, each serving distinct end-use applications and exhibiting unique growth trajectories. Battery grade lithium hydroxide holds the largest market share, accounting for more than 65% of total demand in 2024. This dominance is attributed to its critical role in the production of high-performance lithium-ion batteries, particularly those utilizing nickel-cobalt-manganese (NCM) and nickel-cobalt-aluminum (NCA) cathodes. The stringent purity requirements for battery grade lithium hydroxide necessitate advanced refining processes, driving innovation and investment in production technologies. As the electric vehicle and energy storage sectors continue to expand, demand for battery grade lithium hydroxide is projected to grow at a CAGR exceeding 20% through 203

Explore the factors influencing lithium hydroxide prices, crucial for lithium-ion batteries in EVs and electronics, including demand-supply dynamics, technological advancements, geopolitical events, and market trends.

The North America Technical Grade Lithium Hydroxide Market will expand at a compound annual growth rate (CAGR) of 2.3% from 2023 to 2030.