According to the recent study the n-butyllithium market is projected to reach an estimated $205.8 billion by 2028 from $164.0 billion in 2023, at a CAGR of 4.9% from 2023 to 2028. Growth in this market is primarily driven by rising demand for polymer initiators and pharmaceutical grade products and an increase in research and development activities in the pharmaceutical industry globally.
A more than 150–page
report is developed to understand trends, opportunities and forecast in
n-butyllithium market by type (salt lake brine and lithium ore), application
(pharmaceuticals & intermediates, battery, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World).
“Salt lake brine market is expected to remain the largest segment
during the forecast period.”
Based on type, the
n-butyllithium market is segmented into salt lake brine and lithium ore.
Lucintel forecasts that the salt lake brine market is expected to remain the
largest segment due to increasing demand for lithium batteries in the
electronics industry and processing inexpensive extraction as compared to land
mining.
“Within the n-butyllithium market, the pharmaceutical &
intermediate segment is expected to remain the largest application.”
Based on application the
pharmaceutical & intermediate segment is expected to witness the highest
growth over the forecast period due to increasing health consciousness among
consumers and growing usage of n-butyllithium in the production of intermediate
chemicals, which are further utilized for the manufacturing of aldehyde &
ketone for the pharmaceutical industry.
“North America will dominate the n-butyllithium market in near
future.”
North America will
remain the largest region during the forecast period due to growing need for
efficient fuel sources in vehicles as well as rising demand across the chemical
industry.
Major players of
n-butyllithium market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Albemarle, Fujifilm
Wako Pure Chemical, GanFeng, Gelest, Livent, Otto Chemie, and Sainor
Laboratories are among the major n-butyllithium providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Related reports
Water Treatment Chemical Market
Biaxially Oriented Polyethylene Terephthalate (BOPET)
Films Market
No comments:
Post a Comment