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Lithium acetate is a salt which is formed by the combination of lithium and acetic acid. Lithium acetate is used as a catalyst in the production process of acrylic polymer, polyester, and alkyd resin. It is employed as an additive in textiles to improve lubricity and dying-ability. Moreover, it decreases luster. The range of products of lithium acetate is known for its low electrical conductivity. Lithium acetate is widely utilized in the textile industry, as raw material for pharmaceuticals, in the production of antistatic fibers, stabilization of polyvinyl chloride, and catalyst polymerization.

A major application of lithium acetate is  yeast transformation. The negative charges on the DNA molecule that has to be transformed is neutralized by the lithium ions and phospholipid bilayer of the yeast cell may form small holes in the plasma membrane that allows the passage of nucleic acids. Lithium acetate or LiC2 is used as a product for drug formulation and therapy, buffer for gel electrophoresis of DNA and RNA, additive or catalyst for textliles and polymer production, and precursor material for batteries. Lithium acetate is currently available in two forms: anhydrous and dihydrate. Anhydrous lithium acetate is obtained by heating commercial lithium acetate till the melting point of anhydrous salt, and then cooling it very slowly. The crystals are covered to prevent hydration. Different lithium acetate hydrates can be obtained by hydration of lithium acetate, also by slow evaporation. The solvent used in this process is isopropanol. Anhydrous lithium acetate is utilized in the treatment of bipolar disease and also acts as a mood stabilizer. More applications of lithium compounds are restricted due to narrow band of therapeutic range, as little increase in serum concentrations can lead to serious toxic reaction.

The lithium acetate market is mainly driven by the pharmaceutical and textile industries. Expansion of the textile or pharmaceutical industries is likely to be a major factor for expansion of the market, as lithium acetate is widely used by these industries. It is preferred over other materials in the market due to its exceptional physical property of low electrical conductivity, thereby voltage can be increased without affecting the gel temperature much. This speeds up the electrophoresis process. Furthermore, lithium acetate is utilized in the electronics industry. It is used as source of lithium where it is helpful in the production of lithium ion battery. It is widely employed in all electronic gadgets and as a rechargeable source of power.

North America dominated the lithium acetate market, in terms of demand, in 2016. Asia Pacific is anticipated to expand rapidly due to significant demand for consumer electronics in the region. China and Japan are major contributors to the market in the region in terms of demand. Europe was followed by North America in terms of share in global lithium acetate market. U.S. had prominent demand for lithium acetate in the region. The demand is due to presence of a large number of pharmaceuticals industries in the region. In terms of demand, Rest of the World market had the smallest share in the lithium acetate market in the last few years. However, the scenario in the region is anticipated to change due to the expansion of the electronics and telecom industry coupled with increasing demand for power devices. Rest of the World is likely to show positive outlook for lithium acetate in the near future.

Some of the Prominent players operating in the lithium acetate market include FMC, Leverton-Clarke, American Elements, Sichuan Brivo lithium Materials Co.,Ltd, Taiye, Shanghai Industrial, and Shanghai Energy Lithium Industrial.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Lithium Acetate Market

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