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Battery Electrolytes - Global Market Trajectory & Analytics

  • ID: 4804363
  • Report
  • May 2021
  • Region: Global
  • 367 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M
  • BASF SE
  • Ceramtec
  • Gelest
  • Guotai Huarong
  • Nohms Technologies
  • MORE

Global Battery Electrolytes Market to Reach US$5.5 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Battery Electrolytes estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027.Lead-Acid, one of the segments analyzed in the report, is projected to grow at a 5.3% CAGR to reach US$3 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the LIthium-ion segment is readjusted to a revised 6.7% CAGR for the next 7-year period. This segment currently accounts for a 35.5% share of the global Battery Electrolytes market.

The U.S. Accounts for Over 13.9% of Global Market Size in 2020, While China is Forecast to Grow at a 6.7% CAGR for the Period of 2020-2027


The Battery Electrolytes market in the U.S. is estimated at US$513.7 Million in the year 2020. The country currently accounts for a 13.86% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$984.6 Million in the year 2027 trailing a CAGR of 6.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR while Rest of European market (as defined in the study) will reach US$984.6 Million by the year 2027.

Other Types Segment Corners a 8.1% Share in 2020


In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$199.9 Million in the year 2020 will reach a projected size of US$266 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$955.5 Million by the year 2027, while Latin America will expand at a 5.7% CAGR through the analysis period.

Select Competitors (Total 39 Featured) -

  • Guangzhou Tinci Materials Technology Co., Ltd.
  • Shenzhen Capchem Technology Co., Ltd.
  • 3M
  • American Elements
  • BASF SE
  • GS Yuasa Corporation
  • LG Chem
  • Mitsubishi Chemical Corporation
  • Ube Industries
  • Beijing Institute of Chemical Reagents
  • Central Glass
  • Guotai Huarong
  • Shantou Jinguang High-Tech
  • Soulbrain
  • Zhuhai Smoothway
  • Toshima Manufacturing Co. Ltd.
  • Advanced Electrolyte Technologies
  • Gelest
  • Targray
  • Ceramtec
  • Ohara Corporation
  • Daikin America
  • Nohms Technologies
  • Stella Chemifa
  • Tomiyama Pure Chemical Industries
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M
  • BASF SE
  • Ceramtec
  • Gelest
  • Guotai Huarong
  • Nohms Technologies
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Battery Electrolyte: An Introduction
  • Impact of Covid-19 and a Looming Recession
  • Long Term Market Outlook
  • Lithium-ion Battery Electrolyte to Register Strong Growth
  • Asia-Pacific to Experience Favorable Growth
  • Competition
  • Exhibit 1: Global Liquid Battery Electrolyte Market: Percentage Breakdown of Shares by Leading Players for 2019
  • Recent Market Activity
  • E-Mobility: An Expanding Market for Battery Electrolyte
  • Exhibit 2: Global EV Sales (In Million Units) by Region for the Years 2019, 2025 & 2030
  • Rise in Adoption of Renewable Energy and Growing Need for Battery Storage to Drive Demand for Battery Electrolyte
  • Rapid Growth of Renewable Energy Market: Opportunity for Battery Electrolyte Markets
  • Exhibit 3: Renewable Energy Consumption by Region (in Million tonnes oil equivalent): 2008-2018
  • Exhibit 4: Global Energy Generation Mix (in %) for 2019
  • Exhibit 5: Global Solar Power Market: Solar PV Capacity (in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
  • Exhibit 6: Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2018
  • Improvement in Lithium-Ion Battery Energizes Growth in Electrolyte Market
  • Growing Significance of Solid-State Batteries Over Traditional Lithium-ion Battery Systems to Drive the Market Growth
  • Increased Preference for Li-ion Batteries by Motorcycle Manufacturers Due to High Resistivity to Drive the Market Growth
  • Exhibit 7: Global Motorcycles Market (In Million US$) for the Years 2018, 2021, 2023 & 2025
  • Rising Adoption of IoT Devices to Increase the Demand for Battery Electrolytes
  • Exhibit 8: Global Consumer Electronics Market (In US$ Billion) for the Years 2018 through 2024
  • Exhibit 9: Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022
  • Exhibit 10: Global Wearable Device Shipments in Million Units for the Years 2017, 2019 and 2021
  • Investments on Rise in Development of Advanced Battery Technologies
  • Few Recent Advancements in Non-Flammable Electrolytes for Safer Lithium-Ion Battery Applications
  • New Generation Lithium-ion Batteries Could Store More Power as they are Nonflammable
  • Advances in Battery Technologies Stir Changes in Electrolyte Composition
  • Select Innovations
  • Dual Electrolyte Battery Technology: A New Development
  • Industry Seeks RenTable Electrolytes Model for Flow Batteries to Compete Against Lithium Ion Batteries
  • Strict Carbon Emission Regulations to Boost Demand in Lithium Ion Battery Electrolytes Market
  • Competing Disruptive Battery Technologies for Li-ion Batteries
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 39
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Guangzhou Tinci Materials Technology Co., Ltd.
  • Shenzhen Capchem Technology Co., Ltd.
  • 3M
  • American Elements
  • BASF SE
  • GS Yuasa Corporation
  • LG Chem
  • Mitsubishi Chemical Corporation
  • Ube Industries
  • Beijing Institute of Chemical Reagents
  • Central Glass
  • Guotai Huarong
  • Shantou Jinguang High-Tech
  • Soulbrain
  • Zhuhai Smoothway
  • Toshima Manufacturing Co. Ltd.
  • Advanced Electrolyte Technologies
  • Gelest
  • Targray
  • Ceramtec
  • Ohara Corporation
  • Daikin America
  • Nohms Technologies
  • Stella Chemifa
  • Tomiyama Pure Chemical Industries
Note: Product cover images may vary from those shown
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