Lithium and Lithium Ion Battery Electrolytes Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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Lithium and Lithium Ion Battery Electrolytes Market: Introduction

Lithium batteries are batteries which have lithium as an anode and also referred as lithium-metal batteries. They have electrolyte which is not rechargeable, whereas Lithium ion battery (LIB) is a rechargeable battery. Lithium Ion Battery Electrolytes are flammable and rechargeable which play a key role in transfer of positive lithium ions between the anode and cathode.

Lithium Ion Battery Electrolytes provide high power even at under low temperatures, high voltage, high durability etc. The growing demand for energy storage systems such as advanced batteries for hybrid/ electric vehicles is expected to drive the demand of the lithium and lithium ion battery electrolytes.

Lithium and Lithium Ion Battery Electrolytes Market: Dynamics

Increasing use of consumer electronic goods including: computers, laptops, smart phones and other portable equipment is imbibing the consumption of Lithium and Lithium ion batteries which in turn is driving the lithium and lithium ion battery electrolyte market. Moreover, limited shelf life and replacement of existing batteries is also expected to augment the lithium and lithium ion battery electrolyte market.

Strict government regulations on industrial sector and automotive sector for carbon emission due to which manufacturers are shifting towards lithium ion battery for industrial applications  and automobiles which is expected to lead to the growth of lithium and lithium ion battery electrolytes market during the forecast period of time.

Automotive manufactures are more focused on manufacturing vehicles which utilize plug-in hybrid electric vehicles, including hybrid electric vehicles and battery electric vehicles and electric drivetrains, which is leading to the growth of lithium and lithium ion battery electrolytes market.

LiBF4 is problematic on the negative side, LiClO4 is explosive etc and due to this nature exhibited by electrolytes it is expected that it can pose restraint in the growth of Lithium and Lithium Ion Battery Electrolytes Market during the forecast period. Also, due to high cost Lithium and Lithium Ion batteries prompting the use of substitute materials in end use sectors is also expected to restrain the battery electrolyte market

Lithium and Lithium Ion Battery Electrolytes Market: Segmentation

Lithium and Lithium Ion Battery Electrolytes Market can be segmented on the basis of type of Lithium salts used as:

  • LiPF6
  • LiTFSI
  • Others (LiBF4, LiClO4 etc.)

Lithium and Lithium Ion Battery Electrolytes Market can be segmented on the basis of type of Physical Form:

  • Gel
  • Liquid

Lithium and Lithium Ion Battery Electrolytes Market can be segmented on the basis of End use Industry:

  • Consumer Electronic Goods
  • Automotive Industry
  • Industrial Equipment
  • Others

Lithium and Lithium Ion Battery Electrolytes Market: Regional Outlook

Asia Pacific Excluding Japan region especially China is expected to witness the high growth in the Lithium and Lithium Ion Battery Electrolytes Market during the forecast period as manufactures of Lithium and Lithium Ion Battery Electrolytes are expanding their manufacturing facilities which is a positive sign for the increasing consumption of Lithium and Lithium Ion Battery Electrolytes.

North America, Europe and Japan are expected to witness the significant rise in the Lithium and Lithium Ion Battery Electrolytes consumption during the forecast period of time which is expected due to the launch of electric vehicles in this region which in turn is expected to lead the lithium and lithium ion battery electrolytes consumption.

Middle East and Latin America is expected to witness rise in the Lithium and Lithium Ion Battery Electrolytes Market due to the increasing sales of mobile devices such as smartphones, tablets etc. which have Lithium and Lithium Ion Battery Electrolytes battery embedded in them having Lithium and Lithium Ion Battery Electrolyte thus spurring the growth of Lithium and Lithium Ion Battery Electrolytes Market during the forecast period.

Lithium and Lithium Ion Battery Electrolytes Market: Market Participants

Examples of some of the market participants in the Lithium and Lithium Ion Battery Electrolytes market are:

  • Merck KGaA
  • BASF SE
  • Honeywell UOP
  • Zhejiang Yongtai Technology Co., Ltd.
  • Shandong Shida Shenghua Chemical Group Co., Ltd. 
  • Bicon Pharmaceutical Listed Company (Bicon)
  • Do-Fluoride Chemicals Co Ltd. (Do-Fluoride Chemicals)
  • Guangzhou Tinci Materials Technology Co., Ltd. (Tinci)
  • Parad Corporation Pvt Ltd.
  • Mitsui Chemical
  • Mitsubishi Chemical

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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