Lithium Hydride Market - Global Industry Insight, Trends, Outlook, and Opportunity Analysis 20182025 © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Lithium Hydride Market Overview Lithium hydride is a salt-like white or gray crystalline powder, prepared by passing hydrogen gas over lithium metal and is majorly used in the preparation of lithium borohydride and lithium aluminum hydride. It has ha high melting point and is soluble with lithium borohydride, sodium hydride, and lithium fluoride. Lithium hydride reacts rapidly with low humid air forming lithium hydroxide, lithium oxide, and lithium carbonate. Drivers and Restraints Increasing demand for hydrogen storage and fuel cells in various applications such as portable power, stationary power, and transportation, is expected to fuel lithium hydride market growth. Lithium hydride is used in these applications as it has a high hydrogen content of any hydride. According to Office of Energy Efficiency & Renewable Energy, hydrogen has high energy per mass. However, hydrogen has low ambient temperature density, which results in its low energy density, thereby requiring advanced storage methods with the potential for high energy per unit volume. © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Lithium Hydride Market: Taxonomy On the basis of end-use industry, the lithium hydride market is segmented into: ● ● ● ● Energy Electronics and Electrical Chemical Others On the basis of region, the lithium hydride market is segmented into: ● ● ● North America U.S. Canada Request sample Copy of this Report: https://www.coherentmarketinsights.com/insight/request-sample/1892 © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Lithium Hydride Market: Regional Insights Asia Pacific is fastest growing region in the global lithium hydride market over the forecast period. This is attributed to the growing demand for lithium hydride in the emerging economies of the region for advanced energy storage (AES). For instance, The International Energy Agency (IEA) estimates that Energy storage deployments in emerging markets worldwide is expected to grow by over 40% annually in the following decade, adding around 80 GW of new storage capacity to the estimated 2 GW existing today. Additionally, lithium hydride is used in the manufacturing of electronic tubes and ceramics. Growing electronics industry in turn, is expected to propel growth of the market in Asia Pacific. For instance, according to India Brand Equity Foundation (IBEF), electronics is one of the fastest-growing markets in the world. The electronics market in India was valued at US$ 100 billion in 2016 and is expected to reach US$ 400 billion by 2020, exhibiting a CAGR of 41.4% over the forecast period. 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The research report Lithium Hydride Market is segmented End-use Industry - Size, Share, Outlook, and Opportunity Analysis, 2018–2025
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