N-Butyllithium Market Overview:
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 N-Butyllithium 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. However, N-butyl lithium is considered a highly toxic chemical. Thus, there are several regulations such as Occupational Safety and Health Administration (OSHA) Hazard Communication Standard (29 CFR 1910.1200), RCRA hazardous waste: 40 CFR 261.21 and 40 CFR 261.23 regulations, among others associated with the mandatory packaging, labeling, disposal, and other regulations for N-Butyllithium in Europe, the U.S., China, and Japan. These regulations may restrict market growth in the coming years.
Market Dynamics:
Driver:
Surging utilization of N-Butyllithium in the manufacturing of pharmaceuticals
N-Butyllithium (NBL) is a strong base material, owing to this property, N-Butyllithium is a vital material in organic synthesis. Thus, in the pharmaceutical industry, N-Butyllithium is used as a base material in the manufacturing of new medical antibacterial drugs, AIDS drugs, and other drugs.
The factors such as surging government initiatives in pharmaceuticals, the development of new plants, among others, are some of the prime factors accelerating the growth of the pharmaceutical industry in Europe, the U.S., China, and Japan. As a result, the demand for pharmaceutical bases, including N-Butyllithium is surging in the European and China markets. This factor is accelerating the market growth in Europe, the U.S., China, and Japan.
Restraint:
Governmental regulations associated with the usage of N-Butyllithium
N-Butyllithium has various key properties such as a superior polymerization inhibitor, efficient base materials, and others. As a result of these properties, N-Butyllithium is frequently employed in elastomers, pharmaceuticals, and others. However, on the slip side, N-Butyllithium is toxic, and highly flammable, owing to this the government’s imposing regulations related to N-Butyllithium are restricting the market growth.
Moreover, the demands for higher standards of product safety and environmental protection are on the rise, which is reflected in the safe use of chemicals in commerce and their potential effects on health and the environment. For instance, N-Butyllithium is considered a hazardous substance under the Occupational Safety and Health Administration (OSHA) Hazard Communication Standard (29 CFR 1910.1200). The workers must mandatorily use eye protection equipment in the N-Butyllithium manufacturing facilities across Europe. Hence, the prevalence of the above-mentioned stringent governmental regulations is restricting the use of N-Butyllithium in Europe, the U.S., China, and Japan. This factor is creating a roadblock to market growth.
COVID-19 Impact:
The various measures adopted by countries across Europe, the U.S., China, and Japan included strict lockdown measures, social distancing norms, and supply chain disruption caused delays in the production of Europe, U.S., China, and Japan N-Butyllithium, which in turn, impacted the Europe, U.S., China, and Japan N-Butyllithium market growth.
Furthermore, in 2020, several industries, including synthetic rubber, elastomers, and other industries registered a decline in production activities. For instance, according to the International Rubber Study Group (IRSG), in 2019, the total synthetic rubber production in the European region was 3,645 thousand metric tons, and in 2020, it was 3,908 thousand metric tons, a decline of 7.2%. Thus, the decline in the above-mentioned industries negatively impacted Europe, U.S., China, and Japan N-Butyllithium market growth.
N-Butyllithium Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Million) | 1105.03 USD Million |
| CAGR (2022-2030) | 6.5% |
| By Application | Elastomers, Pharmaceuticals, Agrochemicals, Others |
| By Packaging Type | Bottle, Drum |
| By Geography | Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
U.S. China Japan |
| Key Players | Ganfeng Lithium Group Co., Ltd., Jiangsu Changjili New Energy Technology Co., Ltd., FUJIFILM Wako Pure Chemical Corporation, Livent, Apollo Scientific Ltd., American Elements, National Analytical Corporation, Albemarle Corporation, Thermo Fisher Scientific, Kanto Chemical Co, Inc. |
Market Segmentation:
By Packaging Type
Based on packaging type, the Europe, U.S., China, and Japan N-Butyllithium market is segmented into bottle and drum. The drums used for N-Butyllithium commands the largest market share and packaging in bottles would register the fastest growth during the forecast period.
Drums are prepared of HDPE (high-density polyethylene) plastic which are extremely stable to low and high pH contents as they provide resistance to pH levels. Drums are highly suitable for effective transportation and storage of hazardous materials. Drums are manufactured of UV resistant plastic materials and hence the chemicals inside have a low chance of damage which accelerates the use of drums in N- Butyllithium market.
By Application
Based on application, the Europe, U.S., China, and Japan N-Butyllithium market is segmented into elastomers, pharmaceuticals, agrochemicals, and others. The elastomers market holds the largest market share and agrochemicals segment is anticipated to register the fastest growth during the forecast period.
N-Butyllithium is a very strong base extremely useful in the organic synthesis of styrene butadiene rubber (SBR). N-Butyllithium is also an immensely effective initiator of anionic polymerization of styrene and conjugated dienes. It is widely used as a polymerization initiator in the production of elastomers such as styrene-butadiene-styrene (SBS) or polybutadiene. The rising demand from industries such as automotive, building & construction and others are driving the growth for elastomers, thus in turn propelling the demand for N-Butyllithium during the forecast period.
By Region:
Based on region, the Europe region hold the largest market in the Europe, U.S., China, and Japan N-Butyllithium market. In the European region, Germany contributes majorly to the growth of N-Butyllithium market. The rising growth of region’s economy can be attributed to the demand from pharmaceuticals, elastomers, and other applications.
N-Butyllithium is used as a catalyst for pharmaceutical intermediate surging the demand for product in sector. It is useful in manufacturing rubber liquid crystal materials, fragrance, and other materials. Majority of European economies are developed and contribute significantly to the region’s economy due to the continuous research and developments as well as rising investments in various sectors including pharmaceuticals, rubber, and others. Manufacturers in U.S. are expanding their production facilities to cater to the rising demand and expand their market share. U.S. is a major developed economy globally and caters to a vast market for elastomers, synthetic rubber, and other applications. Therefore, the above-mentioned factors are impact on the market growth.
N-Butyllithium Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the N-Butyllithium Market. Key players in the market include-
- Ganfeng Lithium Group Co., Ltd.
- Jiangsu Changjili New Energy Technology Co., Ltd.
- FUJIFILM Wako Pure Chemical Corporation
- Livent
- Apollo Scientific Ltd.
- American Elements
- National Analytical Corporation
- Albemarle Corporation
- Thermo Fisher Scientific
- Kanto Chemical Co, Inc.
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