Lucintel’s latest market report analyzed that lithium hydride provides attractive opportunities in the raw material, hydrogen storage material, desiccant, and reducing agent applications. The lithium hydride market is expected to reach $3.9 billion by 2028 with a CAGR of 3.2%. In this market, 0.99 is the largest segment by product type, whereas raw material is largest by application.
Based on product type, the lithium hydride market is segmented into 0.95, 0.97, 0.99, and others. The 0.99 segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the significant use of lithium hydride with a purity of 99% for reducing agents in chemical reactions, high storage capacity, and a variety of industrial applications.
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The Lithium Hydride Market is marked by the presence of several big and small players. Some of the prominent players offering lithium hydride include Rockwood Lithium, ESPI Metals, Dalchem, Tianjin Daofu, and Ganfeng Lithium.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link email@example.com.
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