Global Battery Electrolyte Market Overview:
Battery electrolyte is defined as the liquid substances which are made up of a mixture of water and sulfuric acid. It mainly used to the transportation of positive lithium ions between the cathode and anode. It contains various substances such as soluble salts, acids, bases in liquid, gelled and dry formats. Battery electrode is widely used in electric cars for transportation of positive lithium ions. In the last few tears, electric cars sales have been increased. For instance, According to an article published by International Energy Agency, in 2016, registrations for electric cars have hit a new record with more than 750 thousand sales globally. Hence, rising adoption of consumer electronics, increasing usage of smart devices and other consumer electronics, among others are expected to drive the growth of the battery electrolyte market over the years to come.
As per latest study released by AMA Research, the Global Battery Electrolyte market is expected to see growth rate of 9.2%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
High Growth Market | Asia-Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
One of the Latest of this Market is Increased Production of Lithium-Ion Battery for Evs across the World
Market Growth Drivers:
Growing Demand for Electric Vehicles and Increased in the production of HEV, PHEV, and Electric Vehicle Battery and Increasing Awareness about Renewable Energy Storage and Rising Demand for Li-Ion Technology in Renewable Energy Industry
Challenges:
Lack of Government Subsidies and Incentives for Lithium-Ion Battery Manufacturers in Emerging Markets
Restraints:
High Cost of Electric Vehicles as Compared to Conventional Crude Vehicles and Lack of Efficient Recycling Technologies for Battery Materials
Opportunities:
Increasing Research Activities to Develop New Electrolytes and Rise in Local Electrolyte Manufacturers for Lead and Lithium-Ion Batteries in APAC
Competitive Landscape:
The battery electrolyte market is highly fragmented with the presence of a large number player. Various key manufacturers operating in the market battery electrolyte such as Mitsubishi Chemical Corporation (Japan), Ube Industries (Japan), Shenzhen Capchem Technology Co., Ltd. (China), among others.
Some of the key players profiled in the report are Mitsubishi Chemical Corporation (Japan), Ube Industries (Japan), Shenzhen Capchem Technology Co., Ltd. (China), Johnson Controls (United States), Guangzhou Tinci Materials Technology Co., Ltd. (China), GS Yuasa Corporation (Japan), 3M (United States), BASF SE (Germany), LG Chem (South Korea) and American Elements (United States). Additionally, following companies can also be profiled that are part of our coverage like Tokyo Chemical Industry (Japan), Toshima Manufacturing Co. Ltd. (Japan), Advanced Electrolyte Technologies LLC (United States), Soulbrain Co., Ltd. (South Korea), Gelest, Inc. (United States), Targray Technology International Inc. (Canada), CeramTec AG (Germany), Ohara Corporation manufactures (United States), Daikin America, Inc. (United States) and NOHMs Technologies, Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Battery Electrolyte market by 2030. Considering Market by Electrolyte Type, the sub-segment i.e. Sodium Chloride will boost the Battery Electrolyte market. Considering Market by Battery Type, the sub-segment i.e. Lead-acid will boost the Battery Electrolyte market. Considering Market by End User, the sub-segment i.e. Automotive will boost the Battery Electrolyte market.
Latest Market Insights:
On October 27, 2023, BASF and TODA Chemical finalized the merger of their electrolyte businesses. This merger creates a leading global supplier of lithium-ion battery electrolytes, aiming to strengthen its position in the growing electric vehicle market.
On October 26, 2023, Arkema introduced a new high-performance electrolyte additive. This additive improves the cycle life and safety of lithium-ion batteries, particularly for electric vehicles.
What Can be Explored with the Battery Electrolyte Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Battery Electrolyte Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Battery Electrolyte
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Battery Electrolyte market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Battery Electrolyte market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Battery Electrolyte, Traders, Distributors, and Suppliers of Battery Electrolyte, Government and Research Organizations, Associations and Industrial Bodies, R&D Institutions, Environment Supporting Agencies, End-use Industries and Investment Banks & Private Equity Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.