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In 2023, the lithium iodide market was valued at USD 120.94 million; by 2031, it is anticipated to have grown to USD 183.99 million, a compound annual growth rate (CAGR) of 7.5%.
An inorganic compound known as lithium iodide is formed when the elements lithium and iodine connect with one another. As soon as it comes into contact with air, the chemical changes color. Two forms of lithium iodide are available for purchase: anhydrous lithium iodide and trihydrate lithium iodide. This chemical allows for a long cycle life, making it a popular component for electrolytes in dye-sensitized solar cells and Li-S batteries. Lithium iodide has multiple chemical applications, including as a catalyst and intermediate in processes including aldol condensation, esters cleavage, and the organic synthesis of many industrial compounds.
You can get lithium iodide in nanopowder, high-purity, and submicron sizes. Trihydrate and anhydrous lithium iodide are the two main forms of the element. These are used to dissolve iodine solutions since they are soluble in water. Iodides are really wonderful for internal medicine and treatments involving sulfuric acid and manganese dioxide. Many sectors, including the chemical and pharmaceutical industries, rely heavily on lithium iodide. It has multiple industrial applications, one of which is as an electrolyte. Many different grades of lithium iodide are manufactured by different companies. These grades include Mil Spec (military grade), optical grade, USP, European Pharmacopoeia, British Pharmacopoeia, ACS, technical, agricultural, and pharmaceutical grades.
The development of lithium-ion batteries, which provide power solutions for the automotive industry, relies heavily on lithium iodide as an electrolyte. Electric vehicles are just one of many uses for these batteries, which are highly sought after in the automotive sector for their low self-discharge, high energy density, and low maintenance requirements. There has been a dramatic increase in the demand for lithium iodide, a key ingredient in lithium-ion batteries, as a result of developments in the automotive industry, such as the widespread adoption of electric vehicles and other forms of cleaner transportation. The International Energy Agency (IEA) estimates that 41 million vehicles will be sold worldwide in 2020. Therefore, the automobile industry's increasing need for lithium iodide is driving the expansion of the lithium iodide market.
In order to fine-tune the cell's chemistry and make charging easier, lithium iodide is a common addition. The demand for lithium iodide is being driven by the extensive use of lithium-ion batteries in various electronic devices, including mobile phones, computers, digital cameras, and other portable electronics. The benefits of these batteries, such as increased power storage, reduced weight, and faster and easier charging, are the main reasons for this. The demand for lithium iodide, used to make lithium-ion batteries, is being driven by the expansion of the electronics industry, which is being propelled by the increasing propensity of people to own smart gadgets.
A few examples of the many uses for lithium iodide include in artificial pacemakers and refrigeration systems. But lithium iodide is a dangerous chemical, and it's likely to irritate the skin, the respiratory system, and the eyes if you're exposed to it for too long. Consequently, lithium iodide has been added to the list of hazardous substances by a number of regulatory agencies, including OSHA. Government rules regarding lithium iodide use are so likely to impede the expansion of the lithium iodide market.
Electrolyte additives containing lithium iodide are extensively utilized in dye-sensitive solar cells and lithium-ion batteries. More and more people are turning to solar and wind power, which means there's a greater demand for efficient energy storage solutions like lithium-ion batteries. For example, in 2021, 80% of the additional power capacity came from renewable sources, as stated in a report by the International Renewable Energy Agency (IRENA). Consequently, the leading companies in the lithium iodide industry can look forward to promising opportunities brought about by the growing use of renewable energy sources for various purposes, such as power generation.
Report Coverage
Global Lithium Iodide research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Lithium Iodide report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Lithium Iodide competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Lithium Iodide market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Lithium Iodide market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Lithium Iodide market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Albemarle, American Elements, Leverton Lithium, Shanghai China Lithium, Triveni Chemicals, HUIZHI Lithium, Samrat Pharmachem, Nanjing Taiye, Hubei Chushengwei, Shanghai Oujin Lithium, Shanghai Litooo
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Lithium Iodide market based on the below-mentioned segments:
Global Lithium Iodide Market, By Type
Lithium Iodide Trihydrate
Lithium Iodide Anhydrous
Global Lithium Iodide market, By Application
Chemical
Pharmaceuticals
Electrolyte
Other
Global Lithium Iodide Market, By End User
Battery Manufacturing
Medical Industry
Research Institutions
Textile Industry
Agrochemicals
Global Lithium Iodide market, Regional Analysis
An inorganic compound known as lithium iodide is formed when the elements lithium and iodine connect with one another. As soon as it comes into contact with air, the chemical changes color. Two forms of lithium iodide are available for purchase: anhydrous lithium iodide and trihydrate lithium iodide. This chemical allows for a long cycle life, making it a popular component for electrolytes in dye-sensitized solar cells and Li-S batteries. Lithium iodide has multiple chemical applications, including as a catalyst and intermediate in processes including aldol condensation, esters cleavage, and the organic synthesis of many industrial compounds.
You can get lithium iodide in nanopowder, high-purity, and submicron sizes. Trihydrate and anhydrous lithium iodide are the two main forms of the element. These are used to dissolve iodine solutions since they are soluble in water. Iodides are really wonderful for internal medicine and treatments involving sulfuric acid and manganese dioxide. Many sectors, including the chemical and pharmaceutical industries, rely heavily on lithium iodide. It has multiple industrial applications, one of which is as an electrolyte. Many different grades of lithium iodide are manufactured by different companies. These grades include Mil Spec (military grade), optical grade, USP, European Pharmacopoeia, British Pharmacopoeia, ACS, technical, agricultural, and pharmaceutical grades.
The development of lithium-ion batteries, which provide power solutions for the automotive industry, relies heavily on lithium iodide as an electrolyte. Electric vehicles are just one of many uses for these batteries, which are highly sought after in the automotive sector for their low self-discharge, high energy density, and low maintenance requirements. There has been a dramatic increase in the demand for lithium iodide, a key ingredient in lithium-ion batteries, as a result of developments in the automotive industry, such as the widespread adoption of electric vehicles and other forms of cleaner transportation. The International Energy Agency (IEA) estimates that 41 million vehicles will be sold worldwide in 2020. Therefore, the automobile industry's increasing need for lithium iodide is driving the expansion of the lithium iodide market.
In order to fine-tune the cell's chemistry and make charging easier, lithium iodide is a common addition. The demand for lithium iodide is being driven by the extensive use of lithium-ion batteries in various electronic devices, including mobile phones, computers, digital cameras, and other portable electronics. The benefits of these batteries, such as increased power storage, reduced weight, and faster and easier charging, are the main reasons for this. The demand for lithium iodide, used to make lithium-ion batteries, is being driven by the expansion of the electronics industry, which is being propelled by the increasing propensity of people to own smart gadgets.
A few examples of the many uses for lithium iodide include in artificial pacemakers and refrigeration systems. But lithium iodide is a dangerous chemical, and it's likely to irritate the skin, the respiratory system, and the eyes if you're exposed to it for too long. Consequently, lithium iodide has been added to the list of hazardous substances by a number of regulatory agencies, including OSHA. Government rules regarding lithium iodide use are so likely to impede the expansion of the lithium iodide market.
Electrolyte additives containing lithium iodide are extensively utilized in dye-sensitive solar cells and lithium-ion batteries. More and more people are turning to solar and wind power, which means there's a greater demand for efficient energy storage solutions like lithium-ion batteries. For example, in 2021, 80% of the additional power capacity came from renewable sources, as stated in a report by the International Renewable Energy Agency (IRENA). Consequently, the leading companies in the lithium iodide industry can look forward to promising opportunities brought about by the growing use of renewable energy sources for various purposes, such as power generation.
Report Coverage
Global Lithium Iodide research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Lithium Iodide report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Lithium Iodide competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Lithium Iodide market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Albemarle, American Elements, Leverton Lithium, Shanghai China Lithium, Triveni Chemicals, HUIZHI Lithium, Samrat Pharmachem, Nanjing Taiye, Hubei Chushengwei, Shanghai Oujin Lithium, Shanghai Litooo |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Lithium Iodide Market from 2021 to 2031.
- Market Forecast for Lithium Iodide Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Lithium Iodide competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Lithium Iodide
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Lithium Iodide market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Lithium Iodide market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Albemarle, American Elements, Leverton Lithium, Shanghai China Lithium, Triveni Chemicals, HUIZHI Lithium, Samrat Pharmachem, Nanjing Taiye, Hubei Chushengwei, Shanghai Oujin Lithium, Shanghai Litooo
Primary Target Market
- Market Players of Lithium Iodide
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Lithium Iodide market based on the below-mentioned segments:
Global Lithium Iodide Market, By Type
Lithium Iodide Trihydrate
Lithium Iodide Anhydrous
Global Lithium Iodide market, By Application
Chemical
Pharmaceuticals
Electrolyte
Other
Global Lithium Iodide Market, By End User
Battery Manufacturing
Medical Industry
Research Institutions
Textile Industry
Agrochemicals
Global Lithium Iodide market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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