Chemical and Materials

Global Battery Electrolyte Market To Grow at a CAGR of 8.1% by 2026 Profiling

Top Key Players - Toray, Mitsui Mining & Smelting Company, Showa Denko, Pulead Technology Industry, DOW Chemical, BASF, Nei Corporation, Toda Kogyo Corp, Nexeon Limited, Toda Kogyo Corp, Nichia Corporation, Sustainable Enterprises Media Inc.

Market Analysis:

The Global Battery Electrolyte Market is expected to reach USD 6.74 billion by 2025, from USD 3.53 billion in 2017 growing at a CAGR of 8.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition: Global Battery Electrolyte Market

A battery is a product that is able to stock electrical energy in the form of chemical energy and then convert into electricity whenever needed. It has three main components such as anode, cathode and electrolyte. The chemical electrolyte helps in the movement of electrical charge between cathode and anode. Electrolyte of a battery is composed of soluble salts, acids or other bases in liquid, gelled and or in dry formats which helps the battery to work. For instance, Lithium Technology Corporation launched largest lithium iron phosphate cell which fulfils the requirement of the plug in hybrid vehicle (PHEV) of the electrical vehicle (EV). In May 2018, Kibaran Resources Limited has updated its development program for supply of battery (spherical) graphite products for lithium-ion battery market.

According to International Energy Agency (IEA), in 2016, registrations for electric cars have hit a new record with over 750 thousand sales worldwide, with market share of 29.0%. Moreover, Norway has achieved the most successful deployment of electric cars across the globe in terms of market share. It is followed by the Netherlands, with a 6.4% electric car market share and Sweden with 3.4%. The China, France and the United Kingdom all have electric car market shares close to 1.5%. The electric car market share of France, China and UK is around 1.5%  Furthermore, in 2016, China was ,by far, the largest electric car market, accounting for more than 40.0% of the electric cars sold in the world and more than double the amount sold in the U.S. Thus with the increasing demand of EV and continuous advancement made by different manufacturers there would be  excess  in demand of Li-ion battery and hence will drive the battery electrolyte market in the forecasting period.

Market Drivers:

  • Increased in the production of HEV, PHEV, and Electric Vehicle Battery (EV)
  • Rising demand for Li-ion technology in renewable energy industry
  • Increase in the demand for smart devices and other consumer electronics

Market Restraint:

  • Strict attention for the safety requirement for batteries during operation
  • Inadequate charging infrastructure

Market Segmentation: Global Battery Electrolyte Market

By Battery type

  • Lead-acid
    • Liquid electrolyte
    • Gel electrolyte
  • Lithium-ion
    • Liquid electrolyte
    • Solid electrolyte
  • Nickel Metal
  • Others

By Electrolyte Type

  • Sodium
  • Chloride
  • Nitric Acid
  • Sulphuric Acid
  • Sodium Acetate
  • Chloric acid
  • Others

By End Users

  • Automotive
  • Electric Vehicle Battery (EVs)
  • Portable Devices
  • Industrial
  • Residential
  • Grid storage
  • Transportation
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Competitive Landscape: Global Battery Electrolyte Market 

The global battery electrolyte market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of battery electrolyte market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Battery Electrolyte Market 

The key players operating in the global battery electrolyte market are

  • Toray
  • Umicore
  • Mitsubishi Chemical Holdings
  • Hitachi Chemical

The other players in the market are

  • Sumitomo Corporation
  • Toray, Mitsui Mining & Smelting Company
  • Showa Denko
  • Pulead Technology Industry
  • DOW Chemical
  • BASF
  • Nei Corporation
  • Toda Kogyo Corp
  • Nexeon Limited
  • Toda Kogyo Corp
  • Nichia Corporation
  • Sustainable Enterprises Media Inc.
  • Ube Industries
  • Nexeon Limited
  • Pulead Technology Industry
  • Asahi Kasei Corporation
  • NEI Corporation.
  • Kureha Corporation
  • Johnson Matthey and many more.

Key Insights in the report:

  • Historical and current market size and projection up to 2025.
  • Market trends impacting the growth of the global battery electrolyte
  • Analyze and forecast the battery electrolyte market on the basis of battery type, material and application
  • Trends of key regional and country-level markets for processes, battery type, material and application
  • Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.

About Data Bridge Market Research:

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