Lithium ion Battery Electrolyte Market Scope
Increasing demand of lithium ion battery is driving the market of lithium ion battery electrolyte. The transportation of positive lithium ions from anode to cathode and vice versa takes place through electrolyte. It is located between the anode and cathode to charge or discharge the battery. Electrolyte consists of soluble salts, acids or bases in different forms such as liquid, gelled or dry. Moreover, the increased usage in electric and hybrid electric vehicles are contributing to the demand of electrolyte.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Mitsubishi Chemical (Japan), BASF (Germany), Thermo fisher (United States), BYD (China), UBE Industries (Japan), Panax-Etec (South Korea), Soulbrain (South Korea), Mitsui Chemicals (Japan), Central Glass (Japan) and Shenzhen Capchem (China) |
CAGR | 16.2% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Research Analyst at AMA estimates that Asia Pacific Manufacturers will contribute to the maximum growth of Global Lithium ion Battery Electrolyte market throughout the predicted period.
Mitsubishi Chemical (Japan), BASF (Germany), Thermo fisher (United States), BYD (China), UBE Industries (Japan), Panax-Etec (South Korea), Soulbrain (South Korea), Mitsui Chemicals (Japan), Central Glass (Japan) and Shenzhen Capchem (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Guotai Huarong (China) and Guangzhou Tinci Materials (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lithium ion Battery Electrolyte market by Type , by Application (Automotive, Electric Vehicle Battery (EVs), Portable Devices, Industrial, Residential, Transportation and Others) and Region with country level break-up.
On the basis of geography, the market of Lithium ion Battery Electrolyte has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2021, Barrel Energy, the U.S.-based li-ion battery producer, and Hyderabad-based Roshan Energy Technologies linked a memorandum of understanding to build and develop lithium-ion batteries in India and the North American region.
On 7th January 2020, Kyocera has planned to launch semisolid lithium ion battery. It will be available in 5 10 and 15 kWh.
Market Growth Drivers:
Increasing demand of lighter, thinner and smaller products is fuelling the market growth. The lithium ion batteries are used in wide range of products such as mobile phones, laptops, cameras and electric vehicles which requires the lighter components to reduce the weight and increase the efficiency.
Challenges:
Instability of Raw Materials may hamper the Growth and Issues Related to Shipment of Lithium Ion Batteries
Opportunities:
Rising Disposable Income of Consumers and Falling Prices of Lithium Ion Batteries
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations