N-Butyllithium Market Growth Prospects, Trends and Forecast up to 2030

In a recent research report by Market Research Community, the N-Butyllithium Market is expected to surpass USD 1,105.04 Million by the year 2030, from USD 656.52 Million in 2021.

The N-Butyllithium is one of the prominent types of organolithium reagent. The standard manufacturing for N- Butyllithium is the reaction of butyl chloride or butyl bromide with Li metal. N-butyllithium is primarily available in liquid form. N-Butyllithium is primarily used as a strong base in various applications, including pharmaceuticals, elastomers, synthetic rubber, and others.

Recent trends such as the growth of pharmaceutical production and the recently opened elastomer manufacturing facilities in Europe, the U.S., China, and Japan are boosting the demand for N-Butyllithium to ensure superior base formulation so that the products have higher durability. For instance, according to IQVIA, a leading pharmaceutical manufacturer in the U.S., the pharmaceutical industry in the U.S. registered a growth of 5.6% from 2016 to 2021. Thus, the growth of the pharmaceutical industry is accelerating the N-Butyllithium market growth in Europe, the U.S., China, and Japan.

The market growth is driven by increasing demand for N-Butyllithium in the pharmaceutical industry, growing use in the production of polymer additives, and increasing demand for bio-based products. However, factors such as high production costs, toxicity, and handling difficulties may limit market growth.

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Moreover, the future growth of the synthetic rubber industry and the surge in the production of agrochemicals will also create an opportunity for N- Butyllithium demand growth in Europe, the U.S., China, and Japan. This, in turn, will drive market growth in the upcoming years.

The study is consolidated into major segments and further into sub-segments, such as by application (elastomers, pharmaceuticals, agrochemicals, others), by packaging type (bottle, drum) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.

Market Segment:

By Application

·         Elastomers

·         Pharmaceuticals

·         Agrochemicals

·         Others

By packaging type

·         Bottle

·         Drum

Lastly, the N- Butyllithium Market Report includes a regional analysis and country analysis with the latest trends, along with the major key players including Ganfeng Lithium Group Co., Ltd., Jiangsu Changjili New Energy Technology Co., Ltd., FUJIFILM Wako Pure Chemical Corporation, Livent, Apollo Scientific Ltd.

Contact:

Market Research Community

Email: sales@marketresearchcommunity.com

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                 (UK) +44-20-8133-9198

 


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