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Semiconductor and Electronics industry

Lithium Bromide Market Size, Insights, Key Players, Business Opportunities, Covid-19 Impact And Emerging Trends By 2028




 

The latest update of “Global Lithium Bromide Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Lithium Bromide Market.

Overview of the Lithium Bromide Market:

Lithium bromide (LiBr) is a chemical compound formed due to the reaction between lithium carbonate and hydrobromic acid. It is widely used as an absorption chiller and is an ideal alternative for non-CFC systems. It is also used as an electrolyte component in lithium batteries. Furthermore, in the pharmaceutical industry, it is used as a hypnotic and sedative in various medicines. In metalworking, it is employed as a welding and brazing fluxes in metalwork.

Growing demand for air conditioners and industrial dryers as it effective alternative for non-CFC chiller systems is expected to augment the market growth of lithium bromide. This is attributed to an increase in global temperature and increasing disposable income of the consumer that is driving demand for air conditioning systems. Moreover, increasing demand for lithium bromide from the automotive industry where it is in lithium batteries is also expected to foster market growth. Furthermore, the rapid growth of various manufacturing industries around the globe is further augmenting the market growth.

In addition to this, growth in the chemical industry due to increasing investment by manufacturers and the government is further anticipated to foster the market growth of lithium bromide. According to the International Council of Chemical Associations, The global chemical industry invested an estimated $51 billion in R&D in 2017. Growth in the pharmaceutical industry due to the increasing production of pharmaceutical products subjected to the rising prevalence of chronic disease around the globe creating healthcare needs. According to the IQVIA Institute, the global market for pharmaceuticals reached $1.2 trillion in 2018, up to $100 billion from 2017,

Asia Pacific is expected to gain significant growth over the forecast period. This is attributed to the strong presence of the metalworking industry and Lithium bromide is widely used as welding and brazing fluxes. According to the India Brand Equity Foundation, India was the world’s second-largest steel producer with production standing at 106.5 MT in 2018. Moreover, India’s steel production capacity has expanded to 137.975 million tons in 2019. Furthermore, rapid industrialization coupled with the increasing population across developing economies such as China and India is also expected to foster the market growth of Lithium bromide.

Key Developments:

In September 2019, Australia’s national science agency, CSIRO, and Japanese specialist chemical manufacturer, Piotrek enter into a partnership to develop the next generation of lithium battery technologies for portable electronic devices, drones, and automotive vehicles, as well as address a critical safety need with lithium batteries by helping prevent battery fires.

Market Estimation:

The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.

COVID-19 Impact:

The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Lithium Bromide Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.

Market Competition Assessment:

The Lithium Bromide Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are

  • Rockwood Lithium
  • FMC Corporation
  • Leverton-Clarke
  • ICL-IP
  • Shreenivas Chemicals
  • Dhara Fine Chem
  • Westman Chemicals
  • Nanjing Taiye Chemical
  • Honjo Chemical
  • Haoxin Liyan
  • Jiangsu World Chemical Industry
  • Jiangxi Dongpeng New Materials
  • Dongying Bromate Chemicals
  • Shanghai China Lithium Industrial
  • Shandong Tianxin Chemical
  • Huizhi Lithium Energy

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Lithium Bromide Market report on the basis of Types, Applications, and Regions.

By Product Type, the market is primarily segmented into:

  • Lithium Bromide Solution
  • Lithium Bromide Anhydrous
  • Others

By Applications, the market is segmented into:

  • Air Conditioning
  • Industrial Drying
  • Medicine Industry
  • Brazing and Welding
  • Others

The report covers the following Regions:

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

Primary Research Insights:

The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.

The Report Sheds Light on Various Aspects of 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. Which regions might see the demand maturing in certain segments in near future?
  3. Which government regulations might challenge the status of key regional markets?
  4. What are some of the value-grab opportunities in various segments?
  5. What will be the barrier to entry for new players in the market?

Why You Should Buy This Report:

  • The report provides an all-inclusive environment of the analysis for the market
  • In-depth secondary research and primary interviews
  • Impact of various social, political, and economic factors
  • Porter’s Five Forces Analysis
  • Competitive Landscape

Available Customizations:

Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

Table of Content

 

1 Report Overview

 

1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Lithium Bromide Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Lithium Bromide Market Share by Application: 2021 VS 2027
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Lithium Bromide Market
1.6.1 How the Covid-19 is Affecting the Lithium Bromide Market
1.6.1.1 Lithium Bromide Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Lithium Bromide Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered

 

2 Global Growth Trends by Regions

 

2.1 Lithium Bromide Market Perspective (2015-2027)
2.2 Lithium Bromide Market Growth Trends by Regions
2.2.1 Lithium Bromide Market Size by Regions: 2015 VS 2021 VS 2027
2.2.2 Lithium Bromide Market Historic Market Share by Regions (2015-2021)
2.2.3 Lithium Bromide Market Forecasted Market Size by Regions (2021-2027)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Lithium Bromide Market Growth Strategy
2.3.6 Primary Interviews with Key Lithium Bromide Market Players (Opinion Leaders)

 

3 Competition Landscape by Key Players

 

3.1 Global Top Lithium Bromide Market Players by Market Size
3.1.1 Global Top Lithium Bromide Market Players by Revenue (2015-2021)
3.1.2 Global Lithium Bromide Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Lithium Bromide Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Lithium Bromide Market Concentration Ratio
3.2.1 Global Lithium Bromide Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Lithium Bromide Market Revenue in 2019
3.3 Lithium Bromide Market Key Players Head office and Area Served
3.4 Key Players Lithium Bromide Market Product Solution and Service
3.5 Date of entering into Lithium Bromide Market
3.6 Mergers & Acquisitions, Expansion Plans

 

4 Breakdown Data by Type (2015-2027)

 

4.1 Global Lithium Bromide Market Historic Market Size by Type (2015-2021)
4.2 Global Lithium Bromide Market Forecasted Market Size by Type (2021-2027)

 

5 Lithium Bromide Market Breakdown Data by Application (2015-2027)

 

5.1 Global Lithium Bromide Market Size by Application (2015-2021)
5.2 Global Lithium Bromide Market Forecasted Market Size by Application (2021-2027)

 

6 North America

 

6.1 North America Lithium Bromide Market Size (2015-2021)
6.2 Lithium Bromide Market Key Players in North America (2019-2021)
6.3 North America Lithium Bromide Market Size by Type (2015-2021)
6.4 North America Lithium Bromide Market Size by Application (2015-2021)

 

7 Europe

 

7.1 Europe Lithium Bromide Market Size (2015-2021)
7.2 Lithium Bromide Market Key Players in Europe (2019-2021)
7.3 Europe Lithium Bromide Market Size by Type (2015-2021)
7.4 Europe Lithium Bromide Market Size by Application (2015-2021)

 

8 China

 

8.1 China Lithium Bromide Market Size (2015-2021)
8.2 Lithium Bromide Market Key Players in China (2019-2021)
8.3 China Lithium Bromide Market Size by Type (2015-2021)
8.4 China Lithium Bromide Market Size by Application (2015-2021)

 

9 Japan

 

9.1 Japan Lithium Bromide Market Size (2015-2021)
9.2 Lithium Bromide Market Key Players in Japan (2019-2021)
9.3 Japan Lithium Bromide Market Size by Type (2015-2021)
9.4 Japan Lithium Bromide Market Size by Application (2015-2021)

 

10 Southeast Asia

 

10.1 Southeast Asia Lithium Bromide Market Size (2015-2021)
10.2 Lithium Bromide Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Lithium Bromide Market Size by Type (2015-2021)
10.4 Southeast Asia Lithium Bromide Market Size by Application (2015-2021)

 

11 India

 

11.1 India Lithium Bromide Market Size (2015-2021)
11.2 Lithium Bromide Market Key Players in India (2019-2021)
11.3 India Lithium Bromide Market Size by Type (2015-2021)
11.4 India Lithium Bromide Market Size by Application (2015-2021)

 

12 Central & South America

 

12.1 Central & South America Lithium Bromide Market Size (2015-2021)
12.2 Lithium Bromide Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Lithium Bromide Market Size by Type (2015-2021)
12.4 Central & South America Lithium Bromide Market Size by Application (2015-2021)

 

13 Key Players Profiles

 

13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Lithium Bromide Market Introduction
13.4 Lithium Bromide Market Business (2015-2021)
13.5 Recent Development

 

14 Analyst's Viewpoints/Conclusions

 

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details

 

List of Table

 

Table 1. Lithium Bromide Market Key Market Segments
Table 2. Key Players Covered: Ranking by Lithium Bromide Market Revenue
Table 3. Ranking of Global Top Lithium Bromide Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Lithium Bromide Market Size Growth Rate by Type (US$ Million): 2021 VS 2027
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Lithium Bromide Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Lithium Bromide Market Players to Combat Covid-19 Impact
Table 10. Global Lithium Bromide Market Size Growth by Application (US$ Million): 2021 VS 2027
Table 11. Global Lithium Bromide Market Size by Regions (US$ Million): 2021 VS 2027
Table 12. Global Lithium Bromide Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Lithium Bromide Market Share by Regions (2015-2021)
Table 14. Global Lithium Bromide Market Forecasted Market Size by Regions (2021-2027) (US$ Million)
Table 15. Global Lithium Bromide Market Share by Regions (2021-2027)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Lithium Bromide Market Growth Strategy
Table 20. Main Points Interviewed from Key Lithium Bromide Market Players
Table 21. Global Lithium Bromide Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Lithium Bromide Market Share by Players (2015-2021)
Table 23. Global Top Lithium Bromide Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Lithium Bromide Market as of 2019)
Table 24. Global Lithium Bromide Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Lithium Bromide Market Product Solution and Service
Table 27. Date of entering into Lithium Bromide Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Lithium Bromide Market Size by Type (2015-2021) (Million US$)
Table 30. Global Lithium Bromide Market Size Share by Type (2015-2021)
Table 31. Global Lithium Bromide Market Revenue Market Share by Type (2021-2027)
Table 31. Global Lithium Bromide Market Size Share by Application (2015-2021)
Table 33. Global Lithium Bromide Market Size by Application (2015-2021) (Million US$)
Table 34. Global Lithium Bromide Market Size Share by Application (2021-2027)
Table 35. North America Key Players Lithium Bromide Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Lithium Bromide Market Share (2019-2021)
Table 37. North America Lithium Bromide Market Size by Type (2015-2021) (Million US$)
Table 38. North America Lithium Bromide Market Share by Type (2015-2021)
Table 39. North America Lithium Bromide Market Size by Application (2015-2021) (Million US$)
Table 40. North America Lithium Bromide Market Share by Application (2015-2021)
Table 41. Europe Key Players Lithium Bromide Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Lithium Bromide Market Share (2019-2021)
Table 43. Europe Lithium Bromide Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Lithium Bromide Market Share by Type (2015-2021)
Table 45. Europe Lithium Bromide Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Lithium Bromide Market Share by Application (2015-2021)
Table 47. China Key Players Lithium Bromide Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Lithium Bromide Market Share (2019-2021)
Table 49. China Lithium Bromide Market Size by Type (2015-2021) (Million US$)
Table 50. China Lithium Bromide Market Share by Type (2015-2021)
Table 51. China Lithium Bromide Market Size by Application (2015-2021) (Million US$)
Table 52. China Lithium Bromide Market Share by Application (2015-2021)
Table 53. Japan Key Players Lithium Bromide Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Lithium Bromide Market Share (2019-2021)
Table 55. Japan Lithium Bromide Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Lithium Bromide Market Share by Type (2015-2021)
Table 57. Japan Lithium Bromide Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Lithium Bromide Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Lithium Bromide Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Lithium Bromide Market Share (2019-2021)
Table 61. Southeast Asia Lithium Bromide Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Lithium Bromide Market Share by Type (2015-2021)
Table 63. Southeast Asia Lithium Bromide Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Lithium Bromide Market Share by Application (2015-2021)
Table 65. India Key Players Lithium Bromide Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Lithium Bromide Market Share (2019-2021)
Table 67. India Lithium Bromide Market Size by Type (2015-2021) (Million US$)
Table 68. India Lithium Bromide Market Share by Type (2015-2021)
Table 69. India Lithium Bromide Market Size by Application (2015-2021) (Million US$)
Table 70. India Lithium Bromide Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Lithium Bromide Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Lithium Bromide Market Share (2019-2021)
Table 73. Central & South America Lithium Bromide Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Lithium Bromide Market Share by Type (2015-2021)
Table 75. Central & South America Lithium Bromide Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Lithium Bromide Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Lithium Bromide Market Business (2015-2021) (Million US$)
Table 81. Recent Development

 

List of Figures

 

Figure 1. Global Lithium Bromide Market Share by Type: 2021 VS 2027
Figure 2. Global Lithium Bromide Market Share by Application: 2021 VS 2027
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Lithium Bromide Market Report Years Considered
Figure 8. Global Lithium Bromide Market Size YoY Growth 2015-2027 (US$ Million)
Figure 9. Global Lithium Bromide Market Share by Regions: 2021 VS 2027
Figure 10. Global Lithium Bromide Market Share by Regions (2021-2027)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Lithium Bromide Market Share by Players in 2019
Figure 13. Global Top Lithium Bromide Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Lithium Bromide Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Lithium Bromide Market Revenue in 2019
Figure 15. North America Lithium Bromide Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Lithium Bromide Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Lithium Bromide Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Lithium Bromide Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Lithium Bromide Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Lithium Bromide Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Lithium Bromide Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed

 



Frequently Asked Questions

The report efficiently evaluates the market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competitive landscape of the industry.
The report efficiently evaluates the current market size and provides industry forecast. The market was valued at xx Million US$ in 2019, and is expected to grow at a CAGR of xx% during the period 2020-2027.
The report efficiently evaluates the current market size and provides forecast for the industry in terms of Value (US$ Mn) and Volume (Thousands Units).
Market is segmented by Types, Applications, Technology, End-use Industries, and Regions.
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Custom research is crucial components of the business strategy which helps any organization to gain insight into specific business sector, aligned with specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

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