The Global Industrial Grade Monohydrate Lithium Hydroxide Market was valued at USD 3.72 Billion in 2023 and is projected to reach USD 7.51 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast period (2024–2030). This robust growth is primarily driven by the surging demand for lithium-ion batteries, expansion in the ceramics and glass industries, and the global push towards electrification and sustainable energy solutions.

As a critical raw material for greasing the wheels of modern industry and the clean energy revolution, industrial grade monohydrate lithium hydroxide (LiOH·H₂O) is witnessing unprecedented demand. This market is defined by a dynamic competitive landscape, with key players focusing on production capacity expansions, strategic partnerships, and technological innovation. In this comprehensive analysis, we profile the Top 10 Companies in the Industrial Grade Monohydrate Lithium Hydroxide Industry—pioneers and established giants shaping the future of this essential chemical market.

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🔟 1. Livent Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: High-Purity Lithium Hydroxide Monohydrate

Livent is a globally integrated lithium producer with a long-standing reputation for quality and reliability. The company operates lithium extraction facilities in Argentina and processing plants in the USA and China, supplying high-performance lithium compounds to a diverse industrial and specialty customer base.

Strategic Initiatives:

• Significant capacity expansion project underway in Argentina (Salar del Hombre Muerto)

• Multi-year supply agreements with major electric vehicle (EV) battery manufacturers

• Focus on sustainable and responsible lithium production practices

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9️⃣ 2. Ganfeng Lithium Industry Co., Ltd.

Headquarters: Xinyu, Jiangxi, China
Key Offering: Battery-grade and Industrial-grade Lithium Hydroxide

Ganfeng Lithium is one of the world’s largest lithium compounds producers, with a vast upstream and downstream portfolio. The company’s scale and vertical integration provide a significant competitive advantage in supplying consistent, high-quality lithium hydroxide to global markets.

Strategic Initiatives:

• Aggressive global expansion through acquisitions and joint ventures (e.g., in Argentina, Mexico, Ireland)

• Continuous innovation in lithium extraction and processing technologies

• Strategic partnerships with leading automotive OEMs and battery producers worldwide

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8️⃣ 3. Tianqi Lithium Industry Co., Ltd.

Headquarters: Chengdu, Sichuan, China
Key Offering: Lithium Hydroxide Monohydrate, Lithium Carbonate

Tianqi Lithium is a major global player with substantial investments in high-quality lithium resources, most notably its stake in the Greenbushes mine in Australia. The company operates large-scale hydroxide conversion facilities to meet the stringent demands of the battery sector.

Strategic Initiatives:

• Focus on securing a stable supply of spodumene concentrate from its strategic assets

• Expansion of lithium hydroxide production capacity in China and Australia

• Long-term supply chain agreements to de-risk operations and ensure market stability

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7️⃣ 4. Sichuan Yahua Industrial Group Co., Ltd. (Yahua Lithium)

Headquarters: Ya’an, Sichuan, China
Key Offering: Industrial and Battery-grade Lithium Hydroxide

Sichuan Yahua has rapidly grown into a significant lithium producer, leveraging its strong chemical industry foundation. The company’s expertise in processing allows it to deliver high-purity lithium hydroxide tailored for various industrial applications, including lubricating grease and air treatment.

Strategic Initiatives:

• Strategic offtake agreements for raw material supply (e.g., partnerships with Australian miners)

• Investment in domestic refining capacity to increase output and product quality

• Diversification of customer base across battery, ceramics, and other industrial sectors

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6️⃣ 5. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: Broad portfolio including Lithium Hydroxide Monohydrate

As a global specialty chemicals leader, Albemarle is a cornerstone of the lithium market. The company possesses a diverse asset base, including brine operations in Chile and the USA and a hard-rock conversion facility in Australia, ensuring a resilient and flexible supply chain.

Strategic Initiatives:

• Multi-billion dollar capital investment plan to significantly increase global lithium production capacity

• Leading research and development in advanced lithium products and production efficiency

• Commitment to sustainability with goals for net-zero carbon emissions by 2050

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5️⃣ 6. SQM (Sociedad Química y Minera de Chile)

Headquarters: Santiago, Chile
Key Offering: Lithium Hydroxide derived from Salar de Atacama brine

SQM is one of the world’s lowest-cost lithium producers, extracting lithium from the prolific Salar de Atacama in Chile. The company has strategically invested in hydroxide production capabilities to capture more value from the growing battery supply chain.

Strategic Initiatives:

• Major expansion projects to triple lithium carbonate equivalent capacity by 2025

• Increasing focus on producing higher-value lithium hydroxide to meet specific battery cathode requirements

• Implementation of enhanced environmental and community engagement standards

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4️⃣ 7. Shanghai Hunyun New Energy Technology Co., Ltd.

Headquarters: Shanghai, China
Key Offering: High-Purity Lithium Salts, including Lithium Hydroxide Monohydrate

Shanghai Hunyun New Energy is a specialized chemical company focused on the new energy materials sector. It has established itself as a reliable supplier of high-purity lithium compounds critical for advanced battery technologies and specialized industrial applications.

Strategic Initiatives:

• Specialization in producing ultra-high-purity lithium products for niche markets

• Strong R&D focus on optimizing production processes for consistency and yield

• Building long-term relationships with technology-driven customers

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3️⃣ 8. Sheng New Lithium Energy (Hunan)

Headquarters: Hunan Province, China
Key Offering: Industrial and Technical Grade Lithium Hydroxide

Sheng New Lithium Energy is an emerging producer with a focus on serving the industrial sector’s demand for lithium hydroxide. The company’s strategic location in a key industrial region of China supports its growth in markets such as lubricants and glass ceramics.

Strategic Initiatives:

• Targeted expansion to capture growing demand in traditional industrial segments

• Investment in production technology to improve cost efficiency and product quality

• Development of customized product grades for specific industrial client needs

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2️⃣ 9. Tianyi Lithium Corporation

Headquarters: Sichuan Province, China
Key Offering: Lithium Hydroxide Monohydrate

Tianyi Lithium is a dedicated lithium compound manufacturer leveraging China’s significant lithium resources and manufacturing capabilities. The company plays a vital role in the domestic supply chain for both energy storage and industrial applications.

Strategic Initiatives:

• Focus on securing stable raw material inputs from local spodumene sources

• Capacity scaling to keep pace with domestic and international market growth

• Emphasis on maintaining competitive pricing for industrial customers

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Global Industrial Grade Monohydrate Lithium Hydroxide Market – View in Detailed Research Report

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1️⃣ 10. Shanghai Yilang Chemical Technology Co., Ltd.

Headquarters: Shanghai, China
Key Offering: Specialty Chemicals, including Lithium Hydroxide

Shanghai Yilang Chemical Technology operates as a specialized chemical supplier and distributor with a focus on high-value products. The company provides technical support and reliable supply of lithium hydroxide to various industrial end-users.

Strategic Initiatives:

• Strong distribution network and supply chain management expertise

• Focus on serving specialized industrial clients with tailored chemical solutions

• Value-added services including technical consultation and logistics support

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🌍 Outlook: The Future of Industrial Grade Monohydrate Lithium Hydroxide Is Electrified and Industrialized

The industrial grade monohydrate lithium hydroxide market is at a pivotal juncture. While battery-grade material commands significant attention, demand from traditional industrial sectors remains robust and is growing in parallel with global economic development. The market’s trajectory is intrinsically linked to the broader energy transition, technological advancements, and industrial output.

📈 Key Trends Shaping the Market:

• Dual-Demand Driver: Sustained growth from both the battery sector (NMC and LFP cathodes) and traditional industries like lubricating greases, ceramics, and air purification.

• Supply Chain Diversification: Geopolitical and supply security concerns are driving investments in lithium production and processing outside of traditional hubs, particularly in North America and Europe.

• Technological Innovation: Continuous improvements in lithium extraction (Direct Lithium Extraction – DLE) and refining processes to increase yields, reduce costs, and minimize environmental impact.

• Sustainability Focus: Increasing emphasis on ESG (Environmental, Social, and Governance) criteria, with producers adopting cleaner technologies and transparent sourcing practices to meet customer and regulatory demands.

Read Full Report:
Global Industrial Grade Monohydrate Lithium Hydroxide Market – View in Detailed Research Report

The companies profiled above are not merely suppliers of a chemical commodity; they are enablers of a cleaner, more efficient industrial and energy landscape. Their strategies and capacity expansions are crucial for supporting the global shift towards electrification and sustainable industrial processes.