Lithium Hydroxide Market Size

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. In the year 2025, the industry size of lithium hydroxide is assessed at USD 31.62 billion.

The market growth is attributed to the increasing demand for lithium-ion batteries across the globe. The primary driver of the lithium hydroxide market is the increasing demand for lithium-ion batteries. These batteries are used in electric vehicles (EVs), consumer electronics, renewable energy storage systems, and other applications.

In addition to this, the lithium hydroxide market includes the global industry involved in the production, distribution, and consumption of lithium hydroxide. Lithium hydroxide (LiOH) is an inorganic compound used primarily in the manufacturing of lithium-ion batteries, which are widely used in various industries such as automotive, electronics, energy storage, and portable devices. As the electric vehicle market continues to expand and renewable energy installations increase, the demand for lithium hydroxide is slated to grow significantly.