Lithium citrate is a major chemical ingredient used in mood stabilizing drugs manufactured around the globe. It is a water-soluble, granular, white, crystalline powder which also dissolves slightly in alcohol. Lithium citrate is prepared as a solution from citric acid and lithium hydroxide in the form of di-lithium citrate. It is commonly employed in specific medications for people suffering mania, depression, and abnormal moods classified under a mental illness termed as the bipolar disorder. Lithium, as an element, is also found in primary food sources such as vegetables, grains, and drinking water. It is a vital macronutrient needed for proper functioning of the brain. However, lithium deficiency is not yet acknowledged around the world. Medical studies have proved that low lithium intakes from food and water is associated with increasing rates of homicides, suicides, drug abuse, and other crimes.

According to the National Institute of Health, lithium medications are effectively used for treatment and possibly prevention of mania, which is often described as an abnormally excited or depressed mood. Lithium citrate is defined as an anti-manic agent in a class of drugs, which work by decreasing abnormal activity in the brain. Medication is generally a long-term process and often also prescribed for impulse control disorders, schizophrenia, blood disorders, schizoaffective disorders, and mental illnesses in children. Dosage is strictly monitored and the prescribed dose varies from one person to another, depending on the phase of the illness. Generally, bipolar disorder is treated with other additional drugs, resulting in varying dosages of lithium citrate.

Lithium citrate is generally used in the form of liquids syrups, capsules, tablets, and extended-release tablets and consumed orally. These medications may also lead to side effects. Regular blood tests are recommended to check thyroid or kidney functioning which could be affected. Usage of lithium citrate should also be avoided during pregnancy. Common symptoms of lithium citrate toxicity include vomiting, diarrhea, muscular weakness, drowsiness, and lack of coordination. Mild nausea and general discomfort may also be observed during the first few days of medication. Lithium citrate is extensively employed in a variety of processes carried out in the pharmaceuticals, nutritional supplements, and medical drug research industries as also to maintain healthy brain functioning in humans.

The increasing demand for lithium citrate in various psychotropic drugs and diuretics is driving the global market for lithium citrate. The rising incidence of mental disorders, neutropenia, and symptoms of mental depression around the globe as well as decreasing nutritional value of food products result in demand for the addition of nutritional value to dietary products and subsequently to lithium citrate. However, competition from other organic chemicals, side-effects of the drugs, development of generic ingredients, and escalating prices of lithium citrate all around the world are major restraints for the market.

Developed regions such as North America and Europe are the top consumers of lithium citrate and its salts such as lithium citrate carbonate. Industries such as pharmaceuticals and food are utilizing it to improve the quality of their products. Southeast Asia is an expanding market which offers development potential for the lithium citrate market. Presently, Brazil is the leading supplier of lithium and its salts, followed by India, North America, and Europe.

Key producers of lithium citrate include Talison Lithium Limited, Nemaska Lithium Inc., Sociedad Quimica y Minera, Orocobre Limited, Quinghai Lithium, Citic Guoan MGL, and SQM Ltd. The burgeoning pharmaceutical industry and growing cases of mental disorders have propelled this market, leading to increased development and consumption of psychotropic drugs.

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 Citrate Market

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