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N-Butyllithium Market to Grow to $1105.04 Million by 2030

N-Butyllithium Market . 

The N-Butyllithium Market 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.

N-Butyllithium Market size was valued at USD 656.52 Million in 2021, registering a CAGR of 6.5% during the forecast period (2022-2030), and the market is projected to be worth USD 1,105.04 Million by 2030.

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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The increasing demand for N-Butyllithium in various end-use industries such as pharmaceuticals, polymers, and agrochemicals is expected to drive the market growth. Moreover, the growing trend of research and development activities in the chemical industry and the increasing demand for high-performance materials are also expected to fuel the market growth.

Market Segment:

By Application

  • Elastomers
  • Pharmaceuticals
  • Agrochemicals
  • Others

By packaging type

  • Bottle
  • Drum

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

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.

 

Contact:

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