Lithium Benzoate Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Lithium Benzoate Market
Lithium Benzoate is a white to slightly yellow crystalline powder, stable at room temperature. It has a faint smell of benzoic acid, and can be dissolved in water and ethanol, but not easily dissolved in organic solvents such as ether and benzene.
The global Lithium Benzoate market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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North American market for Lithium Benzoate is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Lithium Benzoate is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Lithium Benzoate include Albemarle Corporation, Thermo Scientific Chemicals, Strem Chemicals, Shanghai China Lithium Industrial and Axiom Chemicals, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Lithium Benzoate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lithium Benzoate.
The Lithium Benzoate market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Lithium Benzoate market comprehensively. Regional market sizes, concerning products by purity, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Lithium Benzoate manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by purity, by application, and by regions.

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Segment by Purity
• 0.98
• 0.99

Segment by Application
• Medicine
• Chemical Industry
• Electronic
• Others

By Company
Albemarle Corporation, Thermo Scientific Chemicals, Strem Chemicals, Shanghai China Lithium Industrial, Axiom Chemicals

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This release was published on openPR.