Lithium bromide is a chemical compound of lithium and bromine. Formula: LiBr. White cubic crystal or granular powder, easily soluble in water, soluble in alcohol and ether, slightly soluble in pyridine, it can soluble in methanol, acetone, ethylene glycol and other organic solvents. It is generally used in certain air conditioning systems.
Lithium bromide has wide application range and in future its applications will increase further. But the demand of lithium bromide will decrease in future. The price of lithium bromide was increasing largely from 2010 to 2015, it is from 4600 USD/MT to 5500 USD/MT, and it will also increase in future. The global gross margin is at about 18-20%.
This industry is affected by the downstream applications, so it\'s important to keep an eye on downstream industries. With the decreasing global downstream industries, less and less people pay attention to rising environment standards, the need and production of lithium bromide will decrease.
We tend to believe that this industry is now close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in future too, as competition intensifies, prices gap between different brands will go on narrowing. Similarly, there will be fluctuation in gross margin.

The Global Lithium Bromide Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
As the report focuses on global Lithium Bromide Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-

Rockwood Lithium
FMC Corporation
Leverton-Clarke
ICL-IP
Shreenivas Chemicals
Dhara Fine Chem
Westman Chemicals
Nanjing Taiye Chemical
Honjo Chemical
Haoxin Liyan
Jiangsu World Chemical Industry
Jiangxi Dongpeng New Materials
Dongying Bromate Chemicals
Shanghai China Lithium Industrial
Shandong Tianxin Chemical
Huizhi Lithium Energy

In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:

Lithium Bromide Solution
Lithium Bromide Anhydrous
Others
In Market segmentation by applications :

Air Conditioning
Industrial Drying
Medicine Industry
Brazing and Welding
Others

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Lithium Bromide Market for the forecast period 2023 - 2030?
• What are the driving forces in the Lithium Bromide Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Lithium Bromide industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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