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Global Battery Electrolyte Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 149 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5911871
The global battery electrolyte market size reached US$ 9.3 Billion in 2022. Looking forward, the market is expected to reach US$ 14.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.81% during 2022-2028.

Electrolytes are liquid or paste-like substances that transport positively charged ions between the cathode and anode terminals inside batteries to produce electricity. Their different chemical compounds find application depending on the type of battery. For instance, lead-acid batteries use sulfuric acid to create the intended reaction, while household alkaline batteries contain potassium hydroxide as electrolytes. Similarly, zinc-air batteries rely on oxidizing zinc with oxygen and lithium batteries have lithium salt solution, such as lithium hexafluorophosphate (LiPF6).

Battery Electrolyte Market Trends

The emerging trend of high-end consumer electronics, such as smartphones, laptops, digital cameras, gaming consoles, and torches, represents one of the major factors driving the demand for electrolyte-based lithium-ion batteries worldwide. Moreover, the escalating demand for electric vehicles (EVs) on account of the growing focus on sustainable development and the awareness about the adverse effects of using petroleum-based automobiles is impelling the market growth. Additionally, governing agencies of numerous countries are offering subsidies and implementing favorable initiatives to promote the adoption of EVs, which, in turn, is contributing to market growth. Apart from this, increasing sales of vacuum cleaners due to sedentary lifestyles, hectic working schedules, inflating income levels, and rapid urbanization are driving the sales of battery electrolytes around the world. This can also be accredited to the growing popularity of smart homes and the rising demand for automated products that can perform household activities in a time-efficient manner. Furthermore, the application of battery electrolytes is expanding in the manufacturing of alkaline zinc-manganese oxide batteries. As a result, the escalating demand for these batteries in still digital cameras, portable liquid crystal televisions (TVs), shavers, office-use appliances, and game equipment is anticipated to drive the market.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global battery electrolyte market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on battery type, electrolyte type and end user.

Breakup by Battery Type:

  • Lead Acid
  • Lithium-ion
  • Flow Battery

Breakup by Electrolyte Type:

  • Liquid Electrolyte
  • Solid Electrolyte
  • Gel Electrolyte
  • Sodium Chloride
  • Nitric Acid
  • Sulphuric Acid

Breakup by End User:

  • Electric Vehicle
  • Energy Storage
  • Consumer Electronics

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, American Elements, BASF SE, GS Yuasa International Ltd., Guangzhou Tinci Materials Technology Co. Ltd., Johnson Controls, LG Chem Ltd., Mitsubishi Chemical Corporation, Mitsui Chemicals Inc., Shenzhen Capchem Technology Co. Ltd., Targray and Ube Industries Ltd.

Key Questions Answered in This Report:

  • How has the global battery electrolyte market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global battery electrolyte market?
  • What are the key regional markets?
  • What is the breakup of the market based on the battery type?
  • What is the breakup of the market based on the electrolyte type?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global battery electrolyte market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Battery Electrolyte Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Battery Type
6.1 Lead Acid
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Lithium-ion
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Flow Battery
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Electrolyte Type
7.1 Liquid Electrolyte
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Solid Electrolyte
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Gel Electrolyte
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Sodium Chloride
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Nitric Acid
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Sulphuric Acid
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by End User
8.1 Electric Vehicle
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Energy Storage
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Consumer Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 3M Company Company Overview Product Portfolio Financials SWOT Analysis
14.3.2 American Elements Company Overview Product Portfolio
14.3.3 BASF SE Company Overview Product Portfolio Financials SWOT Analysis
14.3.4 GS Yuasa International Ltd. Company Overview Product Portfolio Financials SWOT Analysis
14.3.5 Guangzhou Tinci Materials Technology Co. Ltd. Company Overview Product Portfolio Financials
14.3.6 Johnson Controls Company Overview Product Portfolio Financials SWOT Analysis
14.3.7 LG Chem Ltd. Company Overview Product Portfolio Financials SWOT Analysis
14.3.8 Mitsubishi Chemical Corporation Company Overview Product Portfolio Financials SWOT Analysis
14.3.9 Mitsui Chemicals Inc. Company Overview Product Portfolio Financials SWOT Analysis
14.3.10 Shenzhen Capchem Technology Co. Ltd. Company Overview Product Portfolio Financials
14.3.11 Targray Company Overview Product Portfolio
14.3.12 Ube Industries Ltd. Company Overview Product Portfolio Financials SWOT Analysis

Companies Mentioned

  • 3M Company
  • American Elements
  • GS Yuasa International Ltd.
  • Guangzhou Tinci Materials Technology Co. Ltd.
  • Johnson Controls
  • LG Chem Ltd.
  • Mitsubishi Chemical Corporation
  • Mitsui Chemicals Inc.
  • Shenzhen Capchem Technology Co. Ltd.
  • Targray
  • Ube Industries Ltd.



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