Global Battery Electrolyte Market Size Study & Forecast, By Battery Type, by Electrolyte Type, By End User and Regional Analysis, 2023-2030

Description

List of Tables

Global Battery Electrolyte Market is valued at approximately USD 7.63 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 17.1% over the forecast period 2023-2030. Battery electrolyte refers to the conductive solution or medium that facilitates the movement of ions between the electrodes in a battery. It is an essential part of many different kinds of batteries, including lead-acid and lithium-ion batteries. The performance, stability, and general effectiveness of the battery are fundamentally influenced by the electrolyte. Battery electrolyte is essentially a solution of water and sulfuric acid. An anode, cathode, and electrolyte are the three main parts of a battery. The Battery Electrolyte market is expanding because of factors such as the rising consumer acceptance of smart gadgets and other electronics, and rising interest in renewable energy storage.

In addition, the primary driver for the battery electrolyte industry is reportedly a rise in demand for electric vehicles as a means of reducing carbon footprint. The India Energy Storage Alliance (IESA) estimates that the Indian EV sector is expected to grow at a CAGR of 36%. Also, NITI Aayog anticipates that sales of electric cars would have reached 70% for all commercial vehicles, 30% for private automobiles, 40% for buses, and 80% for two- and three-wheelers by 2030. Moreover, as per the International Energy Agency (IEA), in 2020, the number of electric vehicles were sold in United States was 295000 and the number increased significantly and reached 631000 in 2021. As a result, the rising demand for the EVs is anticipated to propel the market growth. EVs experienced strong growth in the global market, which was aided by the government's adoption of beneficial laws and initiatives. The primary factors influencing the growth of the battery electrolyte market are the quick expansion of the automotive sector, high demand from the battery replacement segment, and rising share of alternative energy sources in the energy mix. However, the industry's growth is hampered by the lack of effective recycling methods for battery goods and by the inadequate infrastructure for charging, throughout the forecast period of 2023-2030.

The key regions considered for the Global Battery Electrolyte Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the factors such as increasing demand from numerous end-use sectors, including electric vehicles, energy storage, and portable consumer electronics. Additionally, the growing number of telecom towers, rising awareness of renewable energy production, increased demand for industrial storage, and declining solar energy costs, are the key factors that are driving up the demand. Latin America is expected to grow significantly during the forecast period, due to the expansion of the automotive industry in Brazil and Mexico as a result of the US-Mexico NAFTA. Also, increased electrification efforts in developing nations, as well as rising auto sales are the key factors that are contributing to the growth of the regional market during the estimated period.

Major market players included in this report are:

Advanced Electrolyte Technologies
Toray Industries Inc.
Pohang Iron and Steel Company (POSCO)
Mitsubishi Chemical Holdings
Hitachi Chemical
American Elements
Daikin America Inc.
Shenzhen Capchem Technology Co., Ltd
Ohara Corporation
Nohms Technologies Inc.

Recent Developments in the Market:

In April 2021, Hitachi, Ltd. created an organic solid electrolyte with lower volatility and greater chemical resistance utilizing materials informatics technology, and successfully constructed a long-life LIB prototype utilizing this electrolyte.
In November 2021, GS Yuasa International Ltd. released a new product that focused on improving the primary technology utilized in battery electrolytes. The company improved ionic conductivity and strengthened water resistance by creating solid electrolytes made of sulfides that contain nitrogen.
In April 2020, Mitsubishi Chemical Corporation and UBE Industries, Ltd. announced that the companies create a joint venture firm through a joint incorporation-type split in order to handle the electrolyte business for lithium-ion rechargeable batteries. The aim of this initiative is to meeting the world's rising demand for battery materials.

Global Battery Electrolyte Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Battery Type, Electrolyte Type, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Battery Type:

Lead Acid
Lithium-ion

By Electrolyte Type:

Liquid Electrolyte
Solid Electrolyte
Gel Electrolyte

By End User:

Electric Vehicle
Consumer Electronics
Energy Storage
Others

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Battery Electrolyte Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Battery Electrolyte Market, by Battery Type, 2020-2030 (USD Billion)
- 1.2.3. Battery Electrolyte Market, by Electrolyte Type, 2020-2030 (USD Billion)
- 1.2.4. Battery Electrolyte Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Battery Electrolyte Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Battery Electrolyte Market Dynamics

3.1. Battery Electrolyte Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising consumer acceptance of smart gadgets and other electronics
  - 3.1.1.2. Growing interest in renewable energy storage
- 3.1.2. Market Challenges
  - 3.1.2.1. Lack of effective recycling methods for battery goods
  - 3.1.2.2. Inadequate infrastructure for charging facility
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing application in the automotive sector
  - 3.1.3.2. Rising demand from the battery replacement market

Chapter 4. Global Battery Electrolyte Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Battery Electrolyte Market, by Battery Type

5.1. Market Snapshot
5.2. Global Battery Electrolyte Market by Battery Type, Performance - Potential Analysis
5.3. Global Battery Electrolyte Market Estimates & Forecasts by Battery Type 2020-2030 (USD Billion)
5.4. Battery Electrolyte Market, Sub Segment Analysis
- 5.4.1. Lead Acid
- 5.4.2. Lithium-ion

Chapter 6. Global Battery Electrolyte Market, by Electrolyte Type

6.1. Market Snapshot
6.2. Global Battery Electrolyte Market by Electrolyte Type, Performance - Potential Analysis
6.3. Global Battery Electrolyte Market Estimates & Forecasts by Electrolyte Type 2020-2030 (USD Billion)
6.4. Battery Electrolyte Market, Sub Segment Analysis
- 6.4.1. Liquid Electrolyte
- 6.4.2. Solid Electrolyte
- 6.4.3. Gel Electrolyte

Chapter 7. Global Battery Electrolyte Market, by End User

7.1. Market Snapshot
7.2. Global Battery Electrolyte Market by End User, Performance - Potential Analysis
7.3. Global Battery Electrolyte Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4. Battery Electrolyte Market, Sub Segment Analysis
- 7.4.1. Electric Vehicle
- 7.4.2. Consumer Electronics
- 7.4.3. Energy Storage
- 7.4.4. Others

Chapter 8. Global Battery Electrolyte Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Battery Electrolyte Market, Regional Market Snapshot
8.4. North America Battery Electrolyte Market
- 8.4.1. U.S. Battery Electrolyte Market
  - 8.4.1.1. Battery Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Electrolyte Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. End User breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Battery Electrolyte Market
8.5. Europe Battery Electrolyte Market Snapshot
- 8.5.1. U.K. Battery Electrolyte Market
- 8.5.2. Germany Battery Electrolyte Market
- 8.5.3. France Battery Electrolyte Market
- 8.5.4. Spain Battery Electrolyte Market
- 8.5.5. Italy Battery Electrolyte Market
- 8.5.6. Rest of Europe Battery Electrolyte Market
8.6. Asia-Pacific Battery Electrolyte Market Snapshot
- 8.6.1. China Battery Electrolyte Market
- 8.6.2. India Battery Electrolyte Market
- 8.6.3. Japan Battery Electrolyte Market
- 8.6.4. Australia Battery Electrolyte Market
- 8.6.5. South Korea Battery Electrolyte Market
- 8.6.6. Rest of Asia Pacific Battery Electrolyte Market
8.7. Latin America Battery Electrolyte Market Snapshot
- 8.7.1. Brazil Battery Electrolyte Market
- 8.7.2. Mexico Battery Electrolyte Market
8.8. Middle East & Africa Battery Electrolyte Market
- 8.8.1. Saudi Arabia Battery Electrolyte Market
- 8.8.2. South Africa Battery Electrolyte Market
- 8.8.3. Rest of Middle East & Africa Battery Electrolyte Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Advanced Electrolyte Technologies
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Toray Industries Inc.
- 9.3.3. Pohang Iron and Steel Company (POSCO)
- 9.3.4. Mitsubishi Chemical Holdings
- 9.3.5. Hitachi Chemical
- 9.3.6. American Elements
- 9.3.7. Daikin America Inc.
- 9.3.8. Shenzhen Capchem Technology Co., Ltd
- 9.3.9. Ohara Corporation
- 9.3.10. Nohms Technologies Inc.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Battery Electrolyte Market, report scope
TABLE 2. Global Battery Electrolyte Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Battery Electrolyte Market estimates & forecasts by Battery Type 2020-2030 (USD Billion)
TABLE 4. Global Battery Electrolyte Market estimates & forecasts by Electrolyte Type 2020-2030 (USD Billion)
TABLE 5. Global Battery Electrolyte Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 6. Global Battery Electrolyte Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Battery Electrolyte Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Battery Electrolyte Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Battery Electrolyte Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Battery Electrolyte Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Battery Electrolyte Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Battery Electrolyte Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Battery Electrolyte Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Battery Electrolyte Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Battery Electrolyte Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Battery Electrolyte Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Battery Electrolyte Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Battery Electrolyte Market
TABLE 71. List of primary sources, used in the study of global Battery Electrolyte Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Battery Electrolyte Market, research methodology
FIG 2. Global Battery Electrolyte Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Battery Electrolyte Market, key trends 2022
FIG 5. Global Battery Electrolyte Market, growth prospects 2023-2030
FIG 6. Global Battery Electrolyte Market, porters 5 force model
FIG 7. Global Battery Electrolyte Market, pest analysis
FIG 8. Global Battery Electrolyte Market, value chain analysis
FIG 9. Global Battery Electrolyte Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Battery Electrolyte Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Battery Electrolyte Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Battery Electrolyte Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Battery Electrolyte Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Battery Electrolyte Market, regional snapshot 2020 & 2030
FIG 15. North America Battery Electrolyte Market 2020 & 2030 (USD Billion)
FIG 16. Europe Battery Electrolyte Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Battery Electrolyte Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Battery Electrolyte Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Battery Electrolyte Market 2020 & 2030 (USD Billion)