Growing Demand for Hydrogen Storage and Fuel Cells to Augment the Lithium Hydride Market Growth
Lithium hydride, a colorless solid, salt-like hydride, is an inorganic compound that has a high melting point and is not soluble but reactive with all protic organic solvents. It is prepared by passing hydrogen gas over lithium metal and is extensively used in the preparation of lithium aluminum hydride and lithium borohydride. Lithium hydride is soluble with lithium fluoride, sodium hydride, and lithium borohydride, and reacts with low humid air forming lithium carbonate, lithium oxide, and lithium hydroxide. Market Dynamics: Increasing demand for lithium hydride, rapid growth of the chemical industry, and increasing research and development activities are also expected to augment the growth of the lithium hydride market. For instance, in January 2021, a team of researchers at the U.S. Department of Energy's (DOE) Brookhaven National Laboratory used ultrabright X-rays to identify lithium hydride and a new form of lithium fluoride. It is a major step towards developing smalle...