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Global Lithium Fluoride Market to Witness a Healthy Growth During 2024-2032, Aided by the Growth of the Lithium Carbonate Industry

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Lithium Fluoride Market

Global Lithium Fluoride Market Size, Share, Trends, Report: By Grade: Technical, Battery; By Application: Glass, Nuclear Power Generation, Ceramics, Optics, Metallurgy Processes, Pharmaceuticals, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

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 208.97 kMT-LCE in 2023. The lithium carbonate market is further expected to grow at a CAGR of 10% in the forecast period of 2024-2032.

 

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 Market by Application

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Lithium Fluoride: Market 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 Region

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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.

 

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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Grade
  • Application
  • Region
Breakup by Grade
  • Technical
  • Battery
Breakup by Application
  • Glass
  • Nuclear Power Generation
  • Ceramics
  • Optics 
  • Metallurgy Processes
  • Pharmaceuticals
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Crystran Ltd.
  • Ganfeng Lithium Co.,Ltd
  • Albemarle Corporation
  • Axiom Chemicals Pvt. Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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    Opportunities and Challenges in the Market
8    Global Lithium Fluoride Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Lithium Fluoride Historical Market (2018-2023) 
    8.3    Global Lithium Fluoride Market Forecast (2024-2032)
    8.4    Global Lithium Fluoride Market by Grade
        8.4.1    Technical
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Battery
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Lithium Fluoride Market by Application
        8.5.1    Glass
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Nuclear Power Generation
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Ceramics
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Optics 
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Metallurgy Processes
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Pharmaceuticals
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Others
    8.6 Global Lithium Fluoride Market by Region              
        8.6.1    North America
            8.6.1.1    Historical Trend (2017-2021) 
            8.6.1.2    Forecast Trend (2022-2027)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2017-2021) 
            8.6.2.2    Forecast Trend (2022-2027)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2017-2021) 
            8.6.3.2    Forecast Trend (2022-2027)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2017-2021) 
            8.6.4.2    Forecast Trend (2022-2027)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2017-2021) 
            8.6.5.2    Forecast Trend (2022-2027)
9    North America Lithium Fluoride Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2017-2021) 
        9.1.2    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Historical Trend (2017-2021) 
        9.2.2    Forecast Trend (2022-2027)
10    Europe Lithium Fluoride Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2017-2021) 
        10.1.2    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Historical Trend (2017-2021) 
        10.2.2    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Historical Trend (2017-2021) 
        10.3.2    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Historical Trend (2017-2021) 
        10.4.2    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific Lithium Fluoride Market Analysis
    11.1    China
        11.1.1    Historical Trend (2017-2021) 
        11.1.2    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Historical Trend (2017-2021) 
        11.2.2    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Historical Trend (2017-2021) 
        11.3.2    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Historical Trend (2017-2021) 
        11.4.2    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Historical Trend (2017-2021) 
        11.5.2    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Lithium Fluoride Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2017-2021) 
        12.1.2    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Historical Trend (2017-2021) 
        12.2.2    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Historical Trend (2017-2021) 
        12.3.2    Forecast Trend (2022-2027)
    12.4    Others
13    Middle East and Africa Lithium Fluoride Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2017-2021) 
        13.1.2    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2017-2021) 
        13.2.2    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Historical Trend (2017-2021) 
        13.3.2    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Historical Trend (2017-2021) 
        13.4.2    Forecast Trend (2022-2027)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Price Analysis
    15.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    15.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    15.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    15.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    15.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Crystran Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Ganfeng Lithium Co.,Ltd
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Albemarle Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Axiom Chemicals Pvt. Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends and Developments in the Market

 

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 Key Figures and Tables

1.    Global Lithium Fluoride Market: Key Industry Highlights, 2018 and 2032
2.    Global Lithium Fluoride Historical Market: Breakup by Grade (kMT-LCE), 2018-2023
3.    Global Lithium Fluoride Market Forecast: Breakup by Grade (kMT-LCE), 2024-2032
4.    Global Lithium Fluoride Historical Market: Breakup by Application (kMT-LCE), 2018-2023
5.    Global Lithium Fluoride Market Forecast: Breakup by Application (kMT-LCE), 2024-2032
6.    Global Lithium Fluoride Historical Market: Breakup by Region (kMT-LCE), 2018-2023
7.    Global Lithium Fluoride Market Forecast: Breakup by Region (kMT-LCE), 2024-2032
8.    North America Lithium Fluoride Historical Market: Breakup by Country (kMT-LCE), 2018-2023
9.    North America Lithium Fluoride Market Forecast: Breakup by Country (kMT-LCE), 2024-2032
10.    Europe Lithium Fluoride Historical Market: Breakup by Country (kMT-LCE), 2018-2023
11.    Europe Lithium Fluoride Market Forecast: Breakup by Country (kMT-LCE), 2024-2032
12.    Asia Pacific Lithium Fluoride Historical Market: Breakup by Country (kMT-LCE), 2018-2023
13.    Asia Pacific Lithium Fluoride Market Forecast: Breakup by Country (kMT-LCE), 2024-2032
14.    Latin America Lithium Fluoride Historical Market: Breakup by Country (kMT-LCE), 2018-2023
15.    Latin America Lithium Fluoride Market Forecast: Breakup by Country (kMT-LCE), 2024-2032
16.    Middle East and Africa Lithium Fluoride Historical Market: Breakup by Country (kMT-LCE), 2018-2023
17.    Middle East and Africa Lithium Fluoride Market Forecast: Breakup by Country (kMT-LCE), 2024-2032
18.    North America Historical Price Trends and Forecast 2018-2032
19.    Europe Historical Price Trends and Forecast 2018-2032
20.    Asia Pacific Historical Price Trends and Forecast 2018-2032
21.    Latin America Historical Price Trends and Forecast 2018-2032
22.    Middle East and Africa Historical Price Trends and Forecast 2018-2032
23.    Global Lithium Fluoride Market Structure

Key Questions Answered in the Report

What was the global lithium fluoride market size in 2023?

The global lithium fluoride market is aided by the lithium carbonate industry, which reached a volume of nearly 208.97 kMT-LCE in 2023.

What is the growth rate of the market?

The lithium carbonate market is projected to grow at a CAGR of 10% between 2024 and 2032, which is further expected to support the growth of the lithium fluoride industry.

What are the major industry drivers?

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.

What are the key industry trends in the market?

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.

What are the major regional markets of lithium fluoride, according to the EMR report?

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

What are the leading grades of the product in the industry?

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

What are the major application segments in the market?

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

Who are the key industry players, according to the report?

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 2024-2032. The lithium fluoride market is also supported by the growth of the lithium carbonate market, which attained 208.97 kMT-LCE in 2023 and is projected to grow at a CAGR of 10% between 2024 and 2032.

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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