New York, Sept. 07, 2023 (GLOBE NEWSWIRE) — The global lithium iodide market size is predicted to expand at ~5% CAGR between 2023 and 2035. The market is projected to garner a revenue of USD 152 million by the end of 2035, up from a revenue of ~USD 97 million in the year 2022.The growing use of lithium iodide in the chemical industry is driving market growth, as lithium iodide can act as a catalyst or a co-catalyst in various chemical reactions. It is particularly used in certain organic synthesis reactions, such as the coupling of organometallic compounds and halogenation reactions.
(GlobeNewsWire)