Lithium Bromide Market Growth 2019-2024


Lithium bromide is a chemical compound of lithium and bromine. Formula: LiBr. White cubic crystal or granular powder, easily soluble in water, soluble in alcohol and ether, slightly soluble in pyridine, it can soluble in methanol, acetone, ethylene glycol and other organic solvents. It is generally used in certain air conditioning systems.

Lithium bromide has wide application range and in future its applications will increase further. But the demand of lithium bromide will decrease in future. The price of lithium bromide was increasing largely from 2010 to 2015, it is from 4600 USD/MT to 5500 USD/MT, and it will also increase in future. The global gross margin is at about 18-20%.

This industry is affected by the downstream applications, so it?s important to keep an eye on downstream industries. With the decreasing global downstream industries, less and less people pay attention to rising environment standards, the need and production of lithium bromide will decrease.Download FREE Sample of this Report @

We tend to believe that this industry is now close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in future too, as competition intensifies, prices gap between different brands will go on narrowing. Similarly, there will be fluctuation in gross margin.

According to this study, over the next five years the Lithium Bromide market will register a -1.1% CAGR in terms of revenue, the global market size will reach US$ 79 million by 2024, from US$ 84 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Lithium Bromide business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Lithium Bromide market by product type, application, key manufacturers and key regions and countries.

This study considers the Lithium Bromide value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

  • Lithium Bromide Solution
  • Lithium Bromide Anhydrous
  • Others

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

  • Air Conditioning
  • Industrial Drying
  • Medicine Industry
  • Brazing and Welding
  • Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Spain
  • Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

  • Rockwood Lithium
  • FMC Corporation
  • Leverton-Clarke
  • ICL-IP
  • Shreenivas Chemicals
  • Dhara Fine Chem
  • Westman Chemicals
  • Nanjing Taiye Chemical
  • Honjo Chemical
  • Haoxin Liyan
  • Jiangsu World Chemical Industry
  • Jiangxi Dongpeng New Materials
  • Dongying Bromate Chemicals
  • Shanghai China Lithium Industrial
  • Shandong Tianxin Chemical
  • Huizhi Lithium Energy

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

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Table of content

2019-2024 Global Lithium Bromide Consumption Market Report

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Lithium Bromide Consumption 2014-2024
2.1.2 Lithium Bromide Consumption CAGR by Region
2.2 Lithium Bromide Segment by Type
2.2.1 Lithium Bromide Solution
2.2.2 Lithium Bromide Anhydrous
2.2.3 Others
2.3 Lithium Bromide Consumption by Type
2.3.1 Global Lithium Bromide Consumption Market Share by Type (2014-2019)
2.3.2 Global Lithium Bromide Revenue and Market Share by Type (2014-2019)
2.3.3 Global Lithium Bromide Sale Price by Type (2014-2019)
2.4 Lithium Bromide Segment by Application
2.4.1 Air Conditioning
2.4.2 Industrial Drying
2.4.3 Medicine Industry
2.4.4 Brazing and Welding
2.4.5 Others
2.5 Lithium Bromide Consumption by Application
2.5.1 Global Lithium Bromide Consumption Market Share by Application (2014-2019)
2.5.2 Global Lithium Bromide Value and Market Share by Application (2014-2019)
2.5.3 Global Lithium Bromide Sale Price by Application (2014-2019)

3 Global Lithium Bromide by Manufacturers
3.1 Global Lithium Bromide Sales Market Share by Manufacturer

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