About Lithium Formate
Lithium formate is present in high purity, bubmicron, and Nano powder forms. It has the properties for electron paramagnetic resonance dosimetric. Additionally, it has high radiation stability and has higher sensitivity than alanine which is seven time more. Lithium formate (CHLiO2) is used for the treatment of IMRT treatment and finding the dose distributions for Ir brachytherapy sources. Since it has the wide range of applications in health care, it has the high demand which in turn is propelling the market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The Market for the Lithium Formate is Fragmented with the Presence of Many Players. Owing to Booming Industrialization, There are Growing Prospects for the New Players to Enter the Market Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Lithium Formate market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thermo fisher (United States), Gelest (United States), Merck (United States), TCI chemicals (Japan), Zhejiang Hichi Chemical (China), American Elements (United States), BRIVO LITHIUM (China), lsNanjing Taiye Chemical Industry Co. (China), Americal Elements (United States) and VWR international (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are HAOXIN LIYAN, Indian Platinum Pvt. Ltd and Shanghai China Lithium Industrial.
Segmentation Overview
AMA Research has segmented the market of Global Lithium Formate market by Type (98% Purity and 99% Purity), Application (Intensity Modulation Radiation Therapy (IMRT) and Electron Paramagnetic Resonance Imaging (EPRI)) and Region.
On the basis of geography, the market of Lithium Formate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Indonesia, Australia, Malaysia, Rest of Asia-Pacific), Europe (Germany, France, Spain, United Kingdom, Russia, Italy, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Health Care will boost the Lithium Formate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
Thermo Fisher Scientific Introduces New In-line Measurement and Control System for Manufacturers of Lithium-ion Batteries. The new Thermo Scientific LInspector in-line measurement and control system addresses that demand and is specifically designed to detect defects in lithium-ion battery electrode coatings, electrode calendering and separator films during the manufacturing process while reducing waste and improving battery quality.
Lithium is regulated as a hazardous material under the U.S. Department of Transportation's (DOT) Hazardous Materials Regulations (HMR; 49 C.F.R., Parts 171-180). The HMR apply to any material DOT determines can pose an unreasonable risk to health, safety, and property when transported in commerce.
Market Drivers
- Rising Automobile Sector is leading to Demand of Lithium Formate
- Increasing Requirement of Radiotherapy is Fueling the Market of Lithium Formate
Opportunities
- Technological Developments in Health Care
- Government Initiatives towards the Health Care Facilities
Restraints
- Lack of Awareness for the Usage of Lithium Formate
- Hazard Classification & Labelling
Challenges
- Usage of Lithium Formate in the Health Care is leading to the Side Effects
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.