Lithium Chloride Market Size, Share, Emerging Trends,
Analysis and Forecasts 2021
Lithium Chloride Market report includes in-depth analysis of industry by recent
technologies, trends, opportunities, challenges, key players and business
strategies considering types, segment and future analysis.
Global Lithium Chloride Market is segmented on the basis of type as Lithium Chloride Hydrate and Anhydrous Lithium
Chloride. A chemical compound that is formed after it is treated with hydrochloric acid is known as a lithium chloride.
It holds LiCl as its chemical formula. It is recognized for its unique property of exceptional solubility in polar solvents.
Besides, it also holdshygroscopic properties. Lithium Chloride acts as a typical ionic compound as well as a brazing flux
for aluminium in automobile parts. The most extensive applications of lithium chloride may include production of
lithium metal via the process of electrolysis of LiCl/KCl, employment in organic synthesis, and biochemical applications.
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On the other hand, it has also found its widespread use as a desiccant in order to dry air streams as well as a flame
colorant to generate dark red flames. The key factors associated with the growth of the market include augmented
demand from chemical sectors, rise in the applications, industrialization, scientific advancements, rise in the
investments by the leading companies, and mounting research and development activities.