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Global Lithium Fluoride Market: By Grade: Technical, Battery; By Application: Glass, Nuclear Power Generation, Ceramics, Optics, Metallurgy Processes, Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Price Analysis; Competitive Landscape; Industry Events and Developments

Global Lithium Fluoride Market Outlook

The global lithium fluoride market is expected to be aided by the growth of the lithium carbonate industry, which attained a volume of 157 kMT-LCE in 2019. The lithium carbonate market is further expected to grow at a CAGR of 10% in the forecast period of 2020-2025.

The market is being driven by the growing demand for the product in the glass industry. The growing consumer demand for glass and ceramic products and advances in optics are the key factors driving the growth of the segment.

 

Lithium Fluoride Market

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The Asia Pacific to Provide Significant Growth Opportunities to the Lithium Fluoride Market

Region-wise, the Asia Pacific is expected to have a significant share in the market. Within the Asia Pacific, China is one of the leading glass producers, which is positively impacting the regional demand for lithium fluoride. Further, the demand for the product is anticipated to grow owing to the favourable government initiatives and rapid urbanisation taking place across the region. Meanwhile, developed regions like North America will drive the demand for the product aided by the growing investments in nuclear power generation technology.

 

Lithium Fluoride: Industry Definition and Segmentation

Lithium fluoride is an inorganic compound, which is obtained by reacting lithium hydroxide with hydrogen fluoride. Although, it can also be produced via the dissolution of lithium carbonate in hydrogen fluoride and from other methods. Owing to its properties like low melting point and high stability, it is extensively utilised in molten salt chemistries and nuclear reactors. In nuclear reactors, the base solvent used in molten-salt reactor experiments is formed by blending beryllium fluoride with lithium fluoride. One of the most common applications of the compound includes its use in enamel, glass, and ceramics industries as a fluxing agent.

On the basis of grade, the market is bifurcated into:

Based on application, the industry can be segmented into:

  • Glass
  • Nuclear Power Generation
  • Ceramics
  • Optics 
  • Metallurgy Processes
  • Pharmaceuticals
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Lithium Fluoride Market by Application

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Growing Utilisation of Nuclear Power Technology is Bolstering the Lithium Fluoride Market Growth

The industry growth is supported by the rising product demand from the various end-use industries, including glass and ceramics, optics, metallurgy, and pharmaceuticals. The market size is further expanding due to the increasing demand for lithium fluoride in nuclear power generation systems. The growing demand for energy is leading to the increased investments in the advanced nuclear power reactor as it facilitates the generation of electricity with low carbon emissions. This is significantly aiding the industry growth.

 

Growing Demand for Lithium Fluoride Based Batteries to Influence the Market

Owing to the growing environmental concern, the sales of hybrid and electric cars is expected to increase in the future. This is expected to drive the demand for lithium fluoride-based batteries over the forecast period, thus aiding the industry.

 

Lithium Fluoride Market by Region

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Key Industry Players in the Global Lithium Fluoride Market

The report gives a detailed analysis of the following key players in the global lithium fluoride market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Crystran Ltd.
  • Ganfeng Lithium Co.,Ltd
  • Albemarle Corporation
  • Axiom Chemicals Pvt. Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Lithium Fluoride Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Lithium Fluoride Historical Market (2015-2019) 
    8.3    Global Lithium Fluoride Market Forecast (2020-2025)
    8.4    Global Lithium Fluoride Market by Grade
        8.4.1    Technical
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Battery
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
    8.5    Global Lithium Fluoride Market by Application
        8.5.1    Glass
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Nuclear Power Generation
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Ceramics
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Optics 
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Metallurgy Processes
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2015-2019)
            8.5.5.3    Forecast Trend (2020-2025)
        8.5.6    Pharmaceuticals
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2015-2019)
            8.5.6.3    Forecast Trend (2020-2025)
        8.5.7    Others
    8.6 Global Lithium Fluoride Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Price Analysis
    11.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    11.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    11.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    11.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    11.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Crystran Ltd.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Ganfeng Lithium Co.,Ltd
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Albemarle Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Axiom Chemicals Pvt. Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments

 

Additional Customisations Available:

1.    Project Requirements and Cost Analysis
    1.1    Land, Location and Site Development
    1.2    Construction
    1.3    Plant Machinery
    1.4    Raw Material
    1.5    Packaging
    1.6    Transportation
    1.7    Utilities
    1.8    Manpower
    1.9    Other Capital Investment

 

List of Figures and Tables

1.    Global Lithium Fluoride Market: Key Industry Highlights, 2015 and 2025
2.    Global Lithium Fluoride Historical Market: Breakup by Grade (USD Million), 2015-2019
3.    Global Lithium Fluoride Market Forecast: Breakup by Grade (USD Million), 2020-2025
4.    Global Lithium Fluoride Historical Market: Breakup by Application (USD Million), 2015-2019
5.    Global Lithium Fluoride Market Forecast: Breakup by Application (USD Million), 2020-2025
6.    Global Lithium Fluoride Historical Market: Breakup by Region (USD Million), 2015-2019
7.    Global Lithium Fluoride Market Forecast: Breakup by Region (USD Million), 2020-2025
8.    North America Lithium Fluoride Historical Market: Breakup by Country (USD Million), 2015-2019
9.    North America Lithium Fluoride Market Forecast: Breakup by Country (USD Million), 2020-2025
10.    Europe Lithium Fluoride Historical Market: Breakup by Country (USD Million), 2015-2019
11.    Europe Lithium Fluoride Market Forecast: Breakup by Country (USD Million), 2020-2025
12.    Asia Pacific Lithium Fluoride Historical Market: Breakup by Country (USD Million), 2015-2019
13.    Asia Pacific Lithium Fluoride Market Forecast: Breakup by Country (USD Million), 2020-2025
14.    Latin America Lithium Fluoride Historical Market: Breakup by Country (USD Million), 2015-2019
15.    Latin America Lithium Fluoride Market Forecast: Breakup by Country (USD Million), 2020-2025
16.    Middle East and Africa Lithium Fluoride Historical Market: Breakup by Country (USD Million), 2015-2019
17.    Middle East and Africa Lithium Fluoride Market Forecast: Breakup by Country (USD Million), 2020-2025
18.    North America Historical Price Trends and Forecast 2015-2025
19.    Europe Historical Price Trends and Forecast 2015-2025
20.    Asia Pacific Historical Price Trends and Forecast 2015-2025
21.    Latin America Historical Price Trends and Forecast 2015-2025
22.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
23.    Global Lithium Fluoride Market Structure

Key Questions Answered in the Report

The global lithium fluoride market is aided by the lithium carbonate industry, which reached a volume of nearly 157 kMT-LCE in 2019.

The lithium carbonate market is projected to grow at a CAGR of 10% between 2020 and 2025, which is further expected to support the growth of the lithium fluoride industry.

The major drivers of the industry, such as rising disposable incomes, growing demand from the glass industry, rising sales of electric cars, and growing demand from application segments, are expected to aid the market growth.

The key trends guiding the growth of the market include the implementation of favourable government regulations and the rising use of the product in nuclear power industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading grades of the product in the industry are technical and battery.

The major application segments in the market are glass, nuclear power generation, ceramics, optics, metallurgy processes, and pharmaceuticals, among others.

The major players in the industry are Crystran Ltd., Ganfeng Lithium Co.,Ltd, Albemarle Corporation, and Axiom Chemicals Pvt. Ltd., among others.

Analyst Review

The global lithium fluoride market is being driven by the rising adoption of electric vehicles. Aided by favourable government regulations, the market is expected to witness a further growth in the forecast period of 2020-2025. The lithium fluoride market is also supported by the growth of the lithium carbonate market, which attained 157 kMT-LCE in 2019 and is projected to grow at a CAGR of 10% between 2020 and 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on grade, the industry is segmented into technical and battery. On the basis of application, the market is divided into glass, nuclear power generation, ceramics, optics, metallurgy processes, and pharmaceuticals, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Crystran Ltd., Ganfeng Lithium Co.,Ltd, Albemarle Corporation, and Axiom Chemicals Pvt. Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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