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Global Pharmaceutical Grade Lithium Carbonate Market Dynamics to Support 5.8% Growth Rate for 2022-2028

Lithium carbonate, also known as lithium salt, is the most widely used mood stabilizer in psychiatry. In contrast to tricyclic anti-depressants, lithium can significantly inhibit the release of norepinephrine and dopamine in the central nervous system and increase the re-uptake of neurons to exert an anti-manic effect. In the psychiatric department, lithium carbonate is used as a mood stabilizer for the treatment of mania and is regarded as a specific drug for bipolar disorder, as well as for the prevention of mania and depression. In addition, lithium carbonate is also used in the treatment of schizoaffective psychosis, schizophrenia, epilepsy caused by mental disorders, and used to control the excitement of the patient’s impulsive aggressive behaviour.

Due to the COVID-19 pandemic, the global Pharmaceutical Grade Lithium Carbonate market size is estimated to be worth US$ 103.1 million in 2022 and is forecast to a readjusted size of US$ 144.6 million by 2028 with a CAGR of 5.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, 0.98-0.985 accounting for % of the Pharmaceutical Grade Lithium Carbonate global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Lithium Carbonate Sustained-release Tablets segment is altered to an % CAGR throughout this forecast period.

The major players in global Pharmaceutical Grade Lithium Carbonate market include Albemarle, Essential Pharma, Livent, etc. The top 3 players occupy about 45% shares of the global market. Americas and Europe are main markets, they occupy about 80% of the global market. 0.985-0.99 is the main type, with a share over 70%. Lithium Carbonate Sustained-release Tablets is the main application, which holds a share about 95%.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • 98-0.985
  • 985-0.99
  • Above 0.99

Segment by Application

  • Lithium Carbonate Sustained-release Tablets
  • Lithium Carbonate Ordinary Tablets

By Company

  • Livent
  • Albemarle
  • Globe Quimica
  • Ani Pharmaceuticals
  • Essential Pharma
  • Taj Pharma
  • Axiom Lithium
  • Jiangsu Nhwa Pharmaceutical
  • Qianjin Group
  • Jiangsu Lianhuan Pharmaceutical

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)


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