Pharmaceutical-Grade Lithium Carbonate Market | Immediate Release Segment witnessed Rapid Growth Rate - Here's Why | Latest InsightAce Report

Companies covered in this study are Livent Corporation (US), Albemarle Corporation (US), Jiangsu Lianhuan Pharmaceutical Co., Ltd. (China), American Elements (US), Globe Química (US), Jiangsu Nhwa Pharmaceutical Co., Ltd. (China), Panchsheel Organics Ltd (POLTD) (India), and Blanver (Brazil). Zhenjiang Poworks Co., Ltd., Axiom Chemicals Pvt. Ltd., Hubei Rison Chemical Co., Ltd., Pharmaffiliates Analytics, Synthetics P. Ltd.


Jersey City, NJ, Sept. 27, 2023 (GLOBE NEWSWIRE) -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Pharmaceutical-Grade Lithium Carbonate Market- (By Application (Extended Release, Immediate Release), By Purity (99%, Above 99%)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Pharmaceutical-Grade Lithium Carbonate Market is valued at USD 138.03 Million in 2022, and it is expected to reach USD 179.91 Million by 2031, with a CAGR of 3.1% during the forecast period of 2023-2031.

A pharmaceutical-grade lithium carbonate is a high-purity form of lithium carbonate manufactured and processed to meet the strict quality and purity standards required for pharmaceutical and medical applications. Pharmaceutical-grade lithium carbonate is primarily used in the treatment of certain psychiatric and neurological disorders, particularly bipolar disorder and certain mood disorders. It is prescribed as a mood stabilizer to help manage mood swings and control episodes of mania or depression.


Free PDF Report Brochure : https://www.insightaceanalytic.com/request-sample/2064


Growing demand from sectors like electronics and power generation has been a boon to the lithium carbonate business. Rising demand for lithium carbonate to produce batteries for portable electronic gadgets is anticipated to be a major driver of market expansion. In addition, the unavoidable advance of industrialization and the growth of the manufacturing sector have all contributed to a surge in the need for cleaner, more efficient furnaces. The impact of economic, technological, and environmental issues on the dynamic and ever-changing pharmaceutical-grade lithium carbonate market. 

However, the market expansion may be hampered by the small number of permanent magnets utilized for miniaturization and other applications. It remains too costly in terms of time, resources, and capital. However, the high dose of lithium carbonate is associated with several unwanted side effects that could slow the market's expansion in the coming years.

Recent Developments:

  • In Oct 2022, Albemarle Corporation recently confirmed the successful completion of its acquisition of Guangxi Tianyuan New Energy Materials Co., Ltd. ("Tianyuan") by its subsidiary, Albemarle Lithium UK Limited, for an estimated sum of $200 million.

List of Prominent Players in the Pharmaceutical-grade lithium carbonate Market:

  • Livent Corporation (US)
  • Albemarle Corporation (US)
  • Jiangsu Lianhuan Pharmaceutical Co. Ltd. (China)
  • American Elements (US)
  • Globe Química (US)
  • Jiangsu Nhwa Pharmaceutical Co., Ltd. (China)
  • Panchsheel Organics Ltd (POLTD) (India)
  • Blanver (Brazil)
  • Zhenjiang Poworks Co., Ltd.
  • Axiom Chemicals Pvt. Ltd.
  • Hubei Rison Chemical Co., Ltd.
  • Pharmaffiliates Analytics
  • Synthetics P. Ltd.


Get Specific Chapter/Information from the Report : https://www.insightaceanalytic.com/customisation/2064


Pharmaceutical-Grade Lithium Carbonate Market Report Scope:

Report AttributeSpecifications
Market Size Value In 2022USD 138.03 Mn
Revenue Forecast In 2031USD 179.91 Mn
Growth Rate CAGRCAGR of 3.1% from 2023 to 2031
Quantitative UnitsRepresentation of revenue in US$ Million and CAGR from 2023 to 2031
Historic Year2019 to 2022
Forecast Year2023-2031
Report CoverageThe forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments CoveredBy Application, Purity
Regional ScopeNorth America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country ScopeU.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Market Dynamics:

Drivers- 

The growing demand for pharmaceutical-grade lithium carbonates is fueled by the fact that medications for treating bipolar illnesses contain lithium carbonate. Intake of lithium carbonate-based medications reduces the anger, anxiety, loud/rapid speaking, and violent conduct associated with manic episodes. Lithium carbonate is also utilized to make glazes in the ceramics industry because of the high temperatures it generates. Demand for lithium carbonate is predicted to increase due to these uses in the future. As a result, the need for pharmaceutical-grade lithium carbonate products is expected to increase in the coming years.

Challenges:

The prime challenge is the volatility in the prices of raw materials, strict regulations, and cross-cultural pollution markets because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the pharmaceutical-grade lithium carbonate market.

However, Lithium carbonate's high dose comes with a few unwanted consequences, which could delay the market's expansion in the coming years. Drowsiness, fainting, weight gain, fatigue, and minor hand trembling are only a few of the potential negative reactions. Almost all countries decided to shut down all production facilities except for those involved with creating critical items, which had a substantial impact on the pharmaceutical-grade lithium carbonate market. 

Regional Trends:

The North American pharmaceutical-grade lithium carbonate market is anticipated to register a major market share in terms of revenue. It is projected to grow at a high CAGR in the near future due to Pharmaceutical-grade lithium carbonate being produced in the area, and the industry invests much in R&D to boost the effectiveness of pharmaceuticals. Increased pharmaceutical sector innovation and public mental health awareness have directed to a growing demand for pharmaceutical-grade lithium carbonate in North America.

Besides, Europe had a substantial share of the market because the demand for batteries is anticipated to be driven by the rising popularity of consumer devices. Moreover, the presence of significant companies and the growing cooperation between major players for market penetration in the area enables an opportunity to grow the global pharmaceutical-grade lithium carbonate market.


Curious about this latest version of the report? : https://www.insightaceanalytic.com/enquiry-before-buying/2064


Segmentation of Pharmaceutical grade Lithium Carbonate Market-

By Application-

  • Extended Release
  • Immediate Release

By Purity-

  • 99%
  • Above 99%

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

About Us:

InsighAce Analytic is a specializing in market research and consulting services that helps in building business strategies. Our mission is to provide high quality insights with using data analytics techniques and visualization tools that drives the disruption and innovation in market research industry. Our expertise is in providing syndicated and custom market intelligence reports with in-depth analysis and key market insights in a timely and cost-effective manner.

Follow Us @ https://www.linkedin.com/company/insightace-analytic-pvt-ltd/

Subscribe Our Exclusive Newsletters @ https://www.linkedin.com/newsletters/latest-market-research-reports-6929319878155739136/

 

Coordonnées