Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Lithium Iodide Market by Type (Lithium Iodide Trihydrate, Lithium Iodide Anhydrous), By Application (Chemical, Pharmaceuticals, Electrolyte, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Lithium Iodide Market by Type (Lithium Iodide Trihydrate, Lithium Iodide Anhydrous), By Application (Chemical, Pharmaceuticals, Electrolyte, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 139110 3300 Chemical & Material 377 248 Pages 4.7 (31)

Market Overview:

The global lithium iodide market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lithium iodide from various applications such as chemical, pharmaceuticals, electrolyte and others. Lithium iodide is also used as a radiation detector and has various other applications in medical science. Asia Pacific is expected to be the fastest growing region during the forecast period owing to the increasing demand for lithium iodide from China and India.

Global Lithium Iodide Industry Outlook

Product Definition:

Lithium iodide is a salt of lithium and iodine. It is used in the preparation of photographic films and plates.

Lithium Iodide Trihydrate:

Lithium iodide (LiI) is a chemical compound of iodine, and lithium. It is a salt that has the formula LiI. It occurs in nature as certain cerite minerals. Lithium Iodide or LIT as it is commonly called, was first produced and identified in 1811 by Andrades et al.

Lithium Iodide Anhydrous:

Lithium iodide (LiI) is a chemical compound of iodine, and it has the formula [I]3. It is a solid material that dissolves in water to give an iodide solution. The color of this solution varies between yellow-green and olive green depending on the proportion of dissolved organic matter in it. It has a pungent odor similar to garlic or rotten eggs which makes it unsuitable for use as an insecticide.

Application Insights:

The chemical segment dominated the global market in 2017. The growth of this segment can be attributed to growing demand for LiI3 from various sectors such as electronics, ceramics, and pharmaceuticals. In addition, increasing use of LiI3 in manufacturing batteries for electric vehicles is expected to drive the product demand over the forecast period.

The other application includes its applications in agriculture and water treatment among others. Increasing investments by countries such as China and India are anticipated to boost agricultural production which will result in increased usage of chemicals including lithium iodide resulting into higher demand over the forecast period driving the global market growth during 2018-2030 period  (view table - www.

Regional Analysis:

Asia Pacific dominated the global lithium iodide market in terms of revenue with a share of over 60% in 2017. The region is expected to maintain its lead throughout the forecast period owing to growing demand from various end-use sectors such as chemicals, electronics, and pharmaceuticals. China accounted for a major share in Asia Pacific market due to increasing production capacity and rising demand for batteries.

North America is projected to grow at an exponential rate over the forecast period owing to high product penetration rates coupled with rising R&D expenditure by key companies operating within this industry. Moreover, growing consumer electronics sales are anticipated drive regional growth during the forecast period.

Growth Factors:

  • Increasing demand from the medical industry for use in radiation therapy and diagnostic procedures
  • Growing popularity of lithium iodide as a gamma-ray detector
  • Rising demand for lithium iodide in semiconductor manufacturing
  • Increased use of lithium iodide in solar energy applications
  • Proliferation of nuclear power plants worldwide

Scope Of The Report

Report Attributes

Report Details

Report Title

Lithium Iodide Market Research Report

By Type

Lithium Iodide Trihydrate, Lithium Iodide Anhydrous

By Application

Chemical, Pharmaceuticals, Electrolyte, Other

By Companies

Albemarle, American Elements, Leverton Lithium, Shanghai China Lithium, Triveni Chemicals, HUIZHI Lithium, Samrat Pharmachem, Nanjing Taiye, Hubei Chushengwei, Shanghai Oujin Lithium, Shanghai Litooo

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Lithium Iodide Market Report Segments:

The global Lithium Iodide market is segmented on the basis of:


Lithium Iodide Trihydrate, Lithium Iodide Anhydrous

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Chemical, Pharmaceuticals, Electrolyte, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Albemarle
  2. American Elements
  3. Leverton Lithium
  4. Shanghai China Lithium
  5. Triveni Chemicals
  6. HUIZHI Lithium
  7. Samrat Pharmachem
  8. Nanjing Taiye
  9. Hubei Chushengwei
  10. Shanghai Oujin Lithium
  11. Shanghai Litooo

Global Lithium Iodide Market Overview

Highlights of The Lithium Iodide Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Lithium Iodide Trihydrate
    2. Lithium Iodide Anhydrous
  1. By Application:

    1. Chemical
    2. Pharmaceuticals
    3. Electrolyte
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Lithium Iodide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Lithium Iodide Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Lithium iodide is a white, odorless, crystalline solid that is used in the production of batteries and other electronic devices. It is also used as an anticonvulsant and to treat thyroid problems.

Some of the major players in the lithium iodide market are Albemarle, American Elements, Leverton Lithium, Shanghai China Lithium, Triveni Chemicals, HUIZHI Lithium, Samrat Pharmachem, Nanjing Taiye, Hubei Chushengwei, Shanghai Oujin Lithium, Shanghai Litooo.

The lithium iodide market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Lithium Iodide Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Lithium Iodide Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Lithium Iodide Market - Supply Chain
   4.5. Global Lithium Iodide Market Forecast
      4.5.1. Lithium Iodide Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Lithium Iodide Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Lithium Iodide Market Absolute $ Opportunity

5. Global Lithium Iodide Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Lithium Iodide Market Size and Volume Forecast by Type
      5.3.1. Lithium Iodide Trihydrate
      5.3.2. Lithium Iodide Anhydrous
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Lithium Iodide Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Lithium Iodide Market Size and Volume Forecast by Application
      6.3.1. Chemical
      6.3.2. Pharmaceuticals
      6.3.3. Electrolyte
      6.3.4. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Lithium Iodide Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Lithium Iodide Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Lithium Iodide Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Lithium Iodide Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Lithium Iodide Demand Share Forecast, 2019-2029

9. North America Lithium Iodide Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Lithium Iodide Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Lithium Iodide Market Size and Volume Forecast by Application
      9.4.1. Chemical
      9.4.2. Pharmaceuticals
      9.4.3. Electrolyte
      9.4.4. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Lithium Iodide Market Size and Volume Forecast by Type
      9.7.1. Lithium Iodide Trihydrate
      9.7.2. Lithium Iodide Anhydrous
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Lithium Iodide Demand Share Forecast, 2019-2029

10. Latin America Lithium Iodide Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Lithium Iodide Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Lithium Iodide Market Size and Volume Forecast by Application
      10.4.1. Chemical
      10.4.2. Pharmaceuticals
      10.4.3. Electrolyte
      10.4.4. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Lithium Iodide Market Size and Volume Forecast by Type
      10.7.1. Lithium Iodide Trihydrate
      10.7.2. Lithium Iodide Anhydrous
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Lithium Iodide Demand Share Forecast, 2019-2029

11. Europe Lithium Iodide Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Lithium Iodide Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Lithium Iodide Market Size and Volume Forecast by Application
      11.4.1. Chemical
      11.4.2. Pharmaceuticals
      11.4.3. Electrolyte
      11.4.4. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Lithium Iodide Market Size and Volume Forecast by Type
      11.7.1. Lithium Iodide Trihydrate
      11.7.2. Lithium Iodide Anhydrous
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potenial Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Lithium Iodide Demand Share, 2019-2029

12. Asia Pacific Lithium Iodide Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Lithium Iodide Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Lithium Iodide Market Size and Volume Forecast by Application
      12.4.1. Chemical
      12.4.2. Pharmaceuticals
      12.4.3. Electrolyte
      12.4.4. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Lithium Iodide Market Size and Volume Forecast by Type
      12.7.1. Lithium Iodide Trihydrate
      12.7.2. Lithium Iodide Anhydrous
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Lithium Iodide Demand Share, 2019-2029

13. Middle East & Africa Lithium Iodide Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Lithium Iodide Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Lithium Iodide Market Size and Volume Forecast by Application
      13.4.1. Chemical
      13.4.2. Pharmaceuticals
      13.4.3. Electrolyte
      13.4.4. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Lithium Iodide Market Size and Volume Forecast by Type
      13.7.1. Lithium Iodide Trihydrate
      13.7.2. Lithium Iodide Anhydrous
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Lithium Iodide Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Lithium Iodide Market: Market Share Analysis
   14.2. Lithium Iodide Distributors and Customers
   14.3. Lithium Iodide Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Albemarle Overview Financials Developments Strategic Outlook
      14.4.2. American Elements Overview Financials Developments Strategic Outlook
      14.4.3. Leverton Lithium Overview Financials Developments Strategic Outlook
      14.4.4. Shanghai China Lithium Overview Financials Developments Strategic Outlook
      14.4.5. Triveni Chemicals Overview Financials Developments Strategic Outlook
      14.4.6. HUIZHI Lithium Overview Financials Developments Strategic Outlook
      14.4.7. Samrat Pharmachem Overview Financials Developments Strategic Outlook
      14.4.8. Nanjing Taiye Overview Financials Developments Strategic Outlook
      14.4.9. Hubei Chushengwei Overview Financials Developments Strategic Outlook
      14.4.10. Shanghai Oujin Lithium Overview Financials Developments Strategic Outlook
      14.4.11. Shanghai Litooo Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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