New York, NY -- (SBWIRE) -- 01/19/2021 -- Lithium Iodide Market

Lithium iodide is available in the forms of high purity, submicron, and nano powder. Anhydrous and trihydrate are the key types of lithium iodide. For iodine solutions, these key types act as distinct dissolution agents, being high water soluble. Extensively used in medicines and different treatments with manganese dioxide and sulfuric acid, these iodides have become crucial to the pharmaceutical industry. Lithium iodide is also widely used in the chemical industry and is highly applied as an electrolyte in several industries.

Lithium iodide finds its widespread usages in distinct end-user industries such as electrolyte, chemical, and pharmaceutical, whereas the chemical industry is the highest consumer of the lithium iodide. The industry is foreseen to register a steadfast growth over the projection timeframe. The overall market of lithium iodide has been predicted to expand at a high rate of CAGR. Soaring demand for lithium iodide in the chemical sector has been the most significant factor fueling the market's growth. Furthermore, existence of renowned market players and intense competition among them are also propelling the market's dynamics. However, the steep price rise is causing a decline in the market demand, hindering the growth of the industry. 

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The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Lithium Iodide market and profiled in the report are:

Albemarle

American Elements

Leverton Lithium

Shanghai China Lithium

Triveni Chemicals

Huizhi Lithium

Samrat Pharmachem

Nanjing Taiye

Hubei Chushengwei

Shanghai Oujin Lithium

Shanghai Litooo

The report covers the assessment of the historical data of the market to offer key insights into the current and emerging trends in the business sphere. The report considers 2017-2018 as historical years, 2019 as the base year, and 2021-2027 as forecast years. The report also discusses in detail the mergers and acquisitions, collaborations, joint ventures, product launches, brand promotions, corporate and government deals, and partnerships occurring in the market.

The report further segments the market on the basis of product types and application spectrum offered by the market.

Based on product types, the market is segmented into :

Lithium Iodide Trihydrate

Lithium Iodide Anhydrous

Based on applications, the market is segmented into :

Chemical

Pharmaceutical

Electrolyte

Others

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Regional Outlook

In terms of revenue, the country China showcases the highest share in market, due to the presence of renowned companies. The region of Asia Pacific is led by China in terms of lithium iodide consumption. China is also the leading lithium iodide supplier globally, exporting substantial amount per year. North America region is also growing in the market in terms of generating revenue.

TOC -
Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018-2027

Chapter 3. Indicative Metrics

Chapter 4. Market Segmentation & Impact Analysis

Continued……….

The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Lithium Iodide market and its competitive landscape.

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