The Global Lithium Iodide Market was valued at US$ 5.2 Million in 2024 and is projected to reach US$ 7.1 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period (2024–2030). This steady growth is being driven by increasing demand from the pharmaceutical sector for contrast agents, rising adoption in solid-state electrolytes for advanced batteries, and the growing use of lithium iodide in high-purity chemical synthesis.

As industries worldwide intensify their focus on advanced materials and clean energy solutions, the spotlight is on the key chemical manufacturers who are driving innovation, purity standards, and specialized production capabilities. In this blog, we profile the Top 10 Companies in the Lithium Iodide Industry—a mix of specialty chemical producers, lithium compound specialists, and high-purity material suppliers shaping the future of global chemical applications.

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🔟 1. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: High-Purity Lithium Iodide Trihydrate

Albemarle is one of the world’s leading producers of lithium compounds, with extensive capabilities in manufacturing high-purity lithium iodide for pharmaceutical and advanced material applications. Their global production network and technical expertise position them as a premier supplier in specialty lithium chemicals.

Innovation Initiatives:

• Advanced purification technologies for pharmaceutical-grade materials

• Strategic partnerships with battery and pharmaceutical companies

• Focus on sustainable lithium extraction and processing methods

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Lithium Iodide Market – View in Detailed Research Report

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9️⃣ 2. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: Lithium Iodide Anhydrous, High-Purity Nanopowders

AmericanElements specializes in high-purity and advanced material forms, including submicron and nanopowder formulations of lithium iodide for research and industrial applications.

Innovation Initiatives:

• Manufacturing capability across multiple purity grades (ACS, Reagent, Mil-Spec)

• Custom synthesis services for specialized lithium iodide compounds

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8️⃣ 3. Leverton Lithium

Headquarters: Windsor, United Kingdom
Key Offering: Lithium Iodide Trihydrate for industrial applications

LevertonLithium focuses on the production and distribution of lithium compounds, serving pharmaceutical, chemical, and research sectors with consistent quality and reliable supply chains.

Innovation Initiatives:

• Specialized lithium product portfolio for diverse industrial needs

• Strategic logistic partnerships for international distribution

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7️⃣ 4. Shanghai China Lithium Industrial Co., Ltd.

Headquarters: Shanghai, China
Key Offering: Lithium Iodide Trihydrate, Technical Grade

ShanghaiChina Lithium is a prominent supplier of lithium compounds in the Asia-Pacific region, providing lithium iodide for chemical synthesis and electrolyte formulations.

Innovation Initiatives:

• Focus on cost-effective production for industrial-scale applications

• Expanding export capabilities to global markets

Download FREE Sample Report:
Lithium Iodide Market – View in Detailed Research Report

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6️⃣ 5. Triveni Chemicals

Headquarters: Vapi, Gujarat, India
Key Offering: Lithium Iodide for Chemical and Pharmaceutical sectors

TriveniChemicals is a major Indian manufacturer of inorganic chemicals, including lithium iodide for domestic pharmaceutical manufacturing and export markets.

Innovation Initiatives:

• Strong presence in emerging markets with cost-competitive production

• Specialization in high-volume production of industrial-grade lithium compounds

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5️⃣ 6. HUIZHI Lithium

Headquarters: Shanghai, China
Key Offering: Lithium Iodide for Electrolyte and Chemical applications

HuizhiLithium is focused on the development and production of lithium-based compounds, serving growing demand in energy storage and specialty chemical markets.

Innovation Initiatives:

• Production capacity expansion for lithium specialty chemicals

• Quality management systems for consistent product specifications

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4️⃣ 7. Samrat Pharmachem Ltd.

Headquarters: Mumbai, India
Key Offering: Pharmaceutical Grade Lithium Iodide

SamratPharmachem specializes in high-purity chemicals for pharmaceutical applications, including lithium iodide for contrast agents and diagnostic imaging

Innovation Initiatives:

• Focus on pharmaceutical intermediate manufacturing

• Regulatory compliance for international pharmaceutical supply chains

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3️⃣ 8. Nanjing Taiye New Material Technology Co., Ltd.

Headquarters: Nanjing, China
Key Offering: High-Purity Lithium Iodide for Research and Development

NanjingTaiye focuses on new material technologies and specialty chemicals, with growing capabilities in lithium compound production.

Innovation Initiatives:

• R&D focus on advanced material applications

• Growing export business for lithium specialty chemicals

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2️⃣ 9. Hubei Chushengwei Chemistry Co., Ltd.

Headquarters: Wuhan, Hubei, China
Key Offering: Technical Grade Lithium Iodide

HubeiChushengwei is a chemical manufacturer with specialized production lines for lithium compounds, serving both domestic and international markets.

Innovation Initiatives:

• Expanding product portfolio for chemical synthesis applications

• Cost-effective production strategies for industrial chemical markets

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1️⃣ 10. Shanghai Oujin Lithium Industry Co., Ltd.

Headquarters: Shanghai, China
Key Offering: Lithium Iodide for Electrolyte and Specialty Chemical uses

ShanghaiOujin Lithium is an established player in China’s lithium chemical sector, providing consistent quality lithium iodide for various industrial applications.

Innovation Initiatives:

• Focus on lithium compound specialization and quality control

• Growing international distribution network

Get Full Report Here:
Lithium Iodide Market – View in Detailed Research Report

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🌍 Outlook: The Future of Lithium Iodide Is Diverse and High-Value

The lithium iodide market is experiencing steady evolution amid growing demand from specialized applications. While traditional chemical uses still dominate market volume, the industry is increasingly focusing on high-purity formulations for pharmaceutical contrasts, advanced battery electrolytes, and research-grade materials.

📈 Key Trends Shaping the Market:

• Increasing adoption in solid-state battery research and development

• Growing demand for pharmaceutical contrast agents in medical imaging

• Expansion of high-purity production capabilities in Asia

• Rising importance in specialty chemical synthesis processes

Get Full Report Here:
Lithium Iodide Market – View in Detailed Research Report

The companies listed above are not only supplying global chemical needs—they’re enabling the development of advanced technological applications across multiple industries.