Lithium Chloride Market – Global Trend and Outlook to 2028
The lithium chloride market refers to the industry that produces and sells lithium chloride, which is a white crystalline salt used in various applications such as air conditioning, metal processing, pharmaceuticals, and batteries. Lithium chloride is primarily produced by treating lithium carbonate with hydrochloric acid or by extracting it from brine sources. The global lithium chloride market is expected to grow at a significant rate in the coming years, driven by factors such as the increasing demand for lithium-ion batteries in various applications such as electric vehicles and consumer electronics, as well as the growth of the air conditioning industry in emerging economies.
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