Lithium salts are lithium compounds that are generally used as a psychiatric medication. These salts are found to be effective in treating bipolar illness and unipolar illness. The salts are also used to treat depressive disorders. Usually, lithium is taken orally. Other than this, lithium salts are also used in commercial rechargeable lithium-ion batteries.
MARKET SCOPE
The "Global Lithium Salts Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lithium salts market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading lithium salts market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on type, the global lithium salts market is segmented into tablets, capsules and oral solution.
- Based on application, the market is segmented into hospital, clinic and others.
MARKET DYNAMICS
Drivers:
- Rise in incidences of bipolar disorder and mania in adults.
- Increase in demand for lithium compounds such as Li-ion batteries, glass & ceramics from end-users.
- Increase in technological developments.
Restraints:
- Risks associated with lithium medication.
- Socio-environmental impact of lithium extraction.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The lithium salts market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the lithium salts market in these regions.
IMPACT OF COVID-19 ON LITHIUM SALTS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The initial stage of COVID-19 impacted the market growth. During this time, there was a decrease in the growth of the lithium salt market due to business shutdown, trade and supply chain disruptions, and worldwide lockdown. However, the demand for lithium compounds surged after lockdown removal as there was increased demand for lithium batteries and lithium by the glass-making industry. Although, due to the demand and supply gap in the market, it is anticipated to witness slow growth during the pandemic.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The lithium salts market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the lithium salts market in these regions.
IMPACT OF COVID-19 ON LITHIUM SALTS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The initial stage of COVID-19 impacted the market growth. During this time, there was a decrease in the growth of the lithium salt market due to business shutdown, trade and supply chain disruptions, and worldwide lockdown. However, the demand for lithium compounds surged after lockdown removal as there was increased demand for lithium batteries and lithium by the glass-making industry. Although, due to the demand and supply gap in the market, it is anticipated to witness slow growth during the pandemic.
MARKET PLAYERS
The report covers key developments in the lithium salts market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from lithium salts market are anticipated to have lucrative growth opportunities in the future with the rising demand for lithium salts in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lithium salts market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Lithium Salts Market - By Type
1.3.2 Lithium Salts Market - By Application
1.3.3 Lithium Salts Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LITHIUM SALTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. LITHIUM SALTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LITHIUM SALTS MARKET - GLOBAL MARKET ANALYSIS
6.1. LITHIUM SALTS - GLOBAL MARKET OVERVIEW
6.2. LITHIUM SALTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LITHIUM SALTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. TABLETS
7.3.1. Overview
7.3.2. Tablets Market Forecast and Analysis
7.4. CAPSULES
7.4.1. Overview
7.4.2. Capsules Market Forecast and Analysis
7.5. ORAL SOLUTION
7.5.1. Overview
7.5.2. Oral Solution Market Forecast and Analysis
8. LITHIUM SALTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL
8.3.1. Overview
8.3.2. Hospital Market Forecast and Analysis
8.4. CLINIC
8.4.1. Overview
8.4.2. Clinic Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. LITHIUM SALTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Lithium Salts Market Overview
9.1.2 North America Lithium Salts Market Forecasts and Analysis
9.1.3 North America Lithium Salts Market Forecasts and Analysis - By Type
9.1.4 North America Lithium Salts Market Forecasts and Analysis - By Application
9.1.5 North America Lithium Salts Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Lithium Salts Market
9.1.5.1.1 Canada Lithium Salts Market by Type
9.1.5.1.2 Canada Lithium Salts Market by Application
9.1.5.2 Mexico Lithium Salts Market
9.1.5.2.1 Mexico Lithium Salts Market by Type
9.1.5.2.2 Mexico Lithium Salts Market by Application
9.1.5.3 US Lithium Salts Market
9.1.5.3.1 US Lithium Salts Market by Type
9.1.5.3.2 US Lithium Salts Market by Application
9.2. EUROPE
9.2.1 Europe Lithium Salts Market Overview
9.2.2 Europe Lithium Salts Market Forecasts and Analysis
9.2.3 Europe Lithium Salts Market Forecasts and Analysis - By Type
9.2.4 Europe Lithium Salts Market Forecasts and Analysis - By Application
9.2.5 Europe Lithium Salts Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Lithium Salts Market
9.2.5.1.1 Germany Lithium Salts Market by Type
9.2.5.1.2 Germany Lithium Salts Market by Application
9.2.5.2 France Lithium Salts Market
9.2.5.2.1 France Lithium Salts Market by Type
9.2.5.2.2 France Lithium Salts Market by Application
9.2.5.3 Italy Lithium Salts Market
9.2.5.3.1 Italy Lithium Salts Market by Type
9.2.5.3.2 Italy Lithium Salts Market by Application
9.2.5.4 Spain Lithium Salts Market
9.2.5.4.1 Spain Lithium Salts Market by Type
9.2.5.4.2 Spain Lithium Salts Market by Application
9.2.5.5 United Kingdom Lithium Salts Market
9.2.5.5.1 United Kingdom Lithium Salts Market by Type
9.2.5.5.2 United Kingdom Lithium Salts Market by Application
9.2.5.6 Rest of Europe Lithium Salts Market
9.2.5.6.1 Rest of Europe Lithium Salts Market by Type
9.2.5.6.2 Rest of Europe Lithium Salts Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Lithium Salts Market Overview
9.3.2 Asia-Pacific Lithium Salts Market Forecasts and Analysis
9.3.3 Asia-Pacific Lithium Salts Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Lithium Salts Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Lithium Salts Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Lithium Salts Market
9.3.5.1.1 Australia Lithium Salts Market by Type
9.3.5.1.2 Australia Lithium Salts Market by Application
9.3.5.2 China Lithium Salts Market
9.3.5.2.1 China Lithium Salts Market by Type
9.3.5.2.2 China Lithium Salts Market by Application
9.3.5.3 India Lithium Salts Market
9.3.5.3.1 India Lithium Salts Market by Type
9.3.5.3.2 India Lithium Salts Market by Application
9.3.5.4 Japan Lithium Salts Market
9.3.5.4.1 Japan Lithium Salts Market by Type
9.3.5.4.2 Japan Lithium Salts Market by Application
9.3.5.5 South Korea Lithium Salts Market
9.3.5.5.1 South Korea Lithium Salts Market by Type
9.3.5.5.2 South Korea Lithium Salts Market by Application
9.3.5.6 Rest of Asia-Pacific Lithium Salts Market
9.3.5.6.1 Rest of Asia-Pacific Lithium Salts Market by Type
9.3.5.6.2 Rest of Asia-Pacific Lithium Salts Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Lithium Salts Market Overview
9.4.2 Middle East and Africa Lithium Salts Market Forecasts and Analysis
9.4.3 Middle East and Africa Lithium Salts Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Lithium Salts Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Lithium Salts Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Lithium Salts Market
9.4.5.1.1 South Africa Lithium Salts Market by Type
9.4.5.1.2 South Africa Lithium Salts Market by Application
9.4.5.2 Saudi Arabia Lithium Salts Market
9.4.5.2.1 Saudi Arabia Lithium Salts Market by Type
9.4.5.2.2 Saudi Arabia Lithium Salts Market by Application
9.4.5.3 U.A.E Lithium Salts Market
9.4.5.3.1 U.A.E Lithium Salts Market by Type
9.4.5.3.2 U.A.E Lithium Salts Market by Application
9.4.5.4 Rest of Middle East and Africa Lithium Salts Market
9.4.5.4.1 Rest of Middle East and Africa Lithium Salts Market by Type
9.4.5.4.2 Rest of Middle East and Africa Lithium Salts Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Lithium Salts Market Overview
9.5.2 South and Central America Lithium Salts Market Forecasts and Analysis
9.5.3 South and Central America Lithium Salts Market Forecasts and Analysis - By Type
9.5.4 South and Central America Lithium Salts Market Forecasts and Analysis - By Application
9.5.5 South and Central America Lithium Salts Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Lithium Salts Market
9.5.5.1.1 Brazil Lithium Salts Market by Type
9.5.5.1.2 Brazil Lithium Salts Market by Application
9.5.5.2 Argentina Lithium Salts Market
9.5.5.2.1 Argentina Lithium Salts Market by Type
9.5.5.2.2 Argentina Lithium Salts Market by Application
9.5.5.3 Rest of South and Central America Lithium Salts Market
9.5.5.3.1 Rest of South and Central America Lithium Salts Market by Type
9.5.5.3.2 Rest of South and Central America Lithium Salts Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LITHIUM SALTS MARKET, KEY COMPANY PROFILES
11.1. ELI LILLY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. LIVENT CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ALLERGAN
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LUNDBECK
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BRISTOL-MYERS SQUIBB
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OTSUKA PHARMACEUTICAL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. APOTEX
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PFIZER
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ALKEM LABORATORIES LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. GENTECH HEALTHCARE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Eli Lilly
2. Livent Corporation
3. Allergan
4. Lundbeck
5. Bristol-Myers Squibb
6. Otsuka Pharmaceutical
7. APOTEX
8. Pfizer
9. Alkem laboratories LTD.
10. Gentech Healthcare
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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