Battery Electrolyte Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030

Description

The widespread adoption of consumer electronics has become an essential part of daily life, leading to increased sales of electronic appliances and gadgets. This trend has indirectly boosted the demand for batteries. As consumer electronics continue to mature, the global battery electrolyte market is expected to experience positive growth, driven by initiatives to use renewable energy and changing consumer perception in favor of electric vehicles.

Emphasis on Renewable Energy Creates Business Opportunities:

The rising demand for renewable energy is a key factor driving the demand for batteries. The negative effects of fossil fuel energy generation have prompted companies and governments to explore natural forms of energy production. Governments are increasingly embracing renewable energy solutions, contributing to carbon emissions reduction. This shift is expected to significantly impact the battery electrolyte market, strengthening revenue streams and driving overall market growth. Additionally, the development of renewable energy projects, such as solar and wind farms, will drive the adoption of batteries, further boosting the global battery electrolyte market.

Solid Electrolytes Drive Market Expansion:

The demand for solid electrolytes is projected to increase due to their functional advantages in batteries. Solid electrolytes offer higher energy density, are non-volatile, safe, have low flammability, and no risk of leaking organic solvents. They also have high thermal and mechanical stability, low self-discharge, and are easy to process. Their longer lifespan compared to liquid electrolytes makes them suitable for industrial applications such as electric vehicles and electronics. The advantages of solid electrolytes will drive their demand in microbattery technology, positively impacting the battery electrolyte market.

Asia Pacific Leads with Growing Adoption of EVs and Solar PV:

Asia Pacific, particularly emerging economies, is expected to lead the battery electrolyte market due to the increasing use of batteries in various industrial applications, including solar PV, data centers, and consumer electronics. The growing trend of electrification in the automotive sector, supported by government subsidies and incentives, is driving the demand for batteries. China and India are set to be key markets for battery usage, creating sustained demand for battery electrolytes.

Major Market Players:

Key players in the global battery electrolyte market include: UBE Industries Ltd., BASF SE, 3M Company, GS Yuasa International Ltd., Mitsui Chemicals Inc., Ohara Corporation, Targray Industries Inc., Mitsubishi Chemical Holdings Corporation, Stella Chemifa Corporation, American Elements, and Shenzhen Capchem Technology Co. Ltd.

1. Executive Summary

1.1. Global Battery Electrolyte Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
  - 2.2.1.1. Driver A
  - 2.2.1.2. Driver B
  - 2.2.1.3. Driver C
- 2.2.2. Restraints
  - 2.2.2.1. Restraint 1
  - 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Pre-covid and Post-covid Scenario
- 2.5.2. Supply Impact
- 2.5.3. Demand Impact
2.6. Government Regulations
2.7. Global Battery Market - Overview
2.8. Technology Landscape
2.9. Economic Analysis
2.10. PESTLE

3. Production Output and Trade Statistics, 2019 - 2022

3.1. Regional Production Statistics
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa
3.2. Trade Statistics

4. Price Trends Analysis and Future Projects, 2019 - 2030

4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Electrolyte Type
4.4. By Region

5. Global Battery Electrolyte Market Outlook, 2019 - 2030

5.1. Global Battery Electrolyte Market Outlook, by Electrolyte Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Solid
  - 5.1.1.2. Liquid
  - 5.1.1.3. Gel
5.2. Global Battery Electrolyte Market Outlook, by Battery Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Li-ion
  - 5.2.1.2. Lead Acid
  - 5.2.1.3. Flow Batteries
  - 5.2.1.4. NiMH
  - 5.2.1.5. NiCd
  - 5.2.1.6. Misc.
5.3. Global Battery Electrolyte Market Outlook, by End-user Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Automotive
  - 5.3.1.2. Consumer Electronics
  - 5.3.1.3. Stationary Storage
  - 5.3.1.4. General Industrial
  - 5.3.1.5. Marine
  - 5.3.1.6. Telecom
  - 5.3.1.7. Misc. (Medical, etc.)
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Global Battery Electrolyte Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. North America
  - 5.4.1.2. Europe
  - 5.4.1.3. Asia Pacific
  - 5.4.1.4. Latin America
  - 5.4.1.5. Middle East & Africa
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. North America Battery Electrolyte Market Outlook, 2019 - 2030

6.1. North America Battery Electrolyte Market Outlook, by Electrolyte Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Solid
  - 6.1.1.2. Liquid
  - 6.1.1.3. Gel
6.2. North America Battery Electrolyte Market Outlook, by Battery Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Li-ion
  - 6.2.1.2. Lead Acid
  - 6.2.1.3. Flow Batteries
  - 6.2.1.4. NiMH
  - 6.2.1.5. NiCd
  - 6.2.1.6. Misc.
6.3. North America Battery Electrolyte Market Outlook, by End-user Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Automotive
  - 6.3.1.2. Consumer Electronics
  - 6.3.1.3. Stationary Storage
  - 6.3.1.4. General Industrial
  - 6.3.1.5. Marine
  - 6.3.1.6. Telecom
  - 6.3.1.7. Misc. (Medical, etc.)
6.4. North America Battery Electrolyte Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S.
  - 6.4.1.2. Canada
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Battery Electrolyte Market Outlook, 2019 - 2030

7.1. Europe Battery Electrolyte Market Outlook, by Electrolyte Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Solid
  - 7.1.1.2. Liquid
  - 7.1.1.3. Gel
7.2. Europe Battery Electrolyte Market Outlook, by Battery Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Li-ion
  - 7.2.1.2. Lead Acid
  - 7.2.1.3. Flow Batteries
  - 7.2.1.4. NiMH
  - 7.2.1.5. NiCd
  - 7.2.1.6. Misc.
7.3. Europe Battery Electrolyte Market Outlook, by End-user Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Automotive
  - 7.3.1.2. Consumer Electronics
  - 7.3.1.3. Stationary Storage
  - 7.3.1.4. General Industrial
  - 7.3.1.5. Marine
  - 7.3.1.6. Telecom
  - 7.3.1.7. Misc. (Medical, etc.)
7.4. Europe Battery Electrolyte Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Germany
  - 7.4.1.2. France
  - 7.4.1.3. U.K.
  - 7.4.1.4. Italy
  - 7.4.1.5. Spain
  - 7.4.1.6. Russia
  - 7.4.1.7. Rest of Europe
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Battery Electrolyte Market Outlook, 2019 - 2030

8.1. Asia Pacific Battery Electrolyte Market Outlook, by Electrolyte Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Solid
  - 8.1.1.2. Liquid
  - 8.1.1.3. Gel
8.2. Asia Pacific Battery Electrolyte Market Outlook, by Battery Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Li-ion
  - 8.2.1.2. Lead Acid
  - 8.2.1.3. Flow Batteries
  - 8.2.1.4. NiMH
  - 8.2.1.5. NiCd
  - 8.2.1.6. Misc.
8.3. Asia Pacific Battery Electrolyte Market Outlook, by End-user Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Automotive
  - 8.3.1.2. Consumer Electronics
  - 8.3.1.3. Stationary Storage
  - 8.3.1.4. General Industrial
  - 8.3.1.5. Marine
  - 8.3.1.6. Telecom
  - 8.3.1.7. Misc. (Medical, etc.)
8.4. Asia Pacific Battery Electrolyte Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. China
  - 8.4.1.2. Japan
  - 8.4.1.3. South Korea
  - 8.4.1.4. India
  - 8.4.1.5. Southeast Asia
  - 8.4.1.6. Rest of Asia Pacific
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Battery Electrolyte Market Outlook, 2019 - 2030

9.1. Latin America Battery Electrolyte Market Outlook, by Electrolyte Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 9.1.1. Key Highlights
  - 9.1.1.1. Solid
  - 9.1.1.2. Liquid
  - 9.1.1.3. Gel
9.2. Latin America Battery Electrolyte Market Outlook, by Battery Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 9.2.1. Key Highlights
  - 9.2.1.1. Li-ion
  - 9.2.1.2. Lead Acid
  - 9.2.1.3. Flow Batteries
  - 9.2.1.4. NiMH
  - 9.2.1.5. NiCd
  - 9.2.1.6. Misc.
9.3. Latin America Battery Electrolyte Market Outlook, by End-user Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 9.3.1. Key Highlights
  - 9.3.1.1. Automotive
  - 9.3.1.2. Consumer Electronics
  - 9.3.1.3. Stationary Storage
  - 9.3.1.4. General Industrial
  - 9.3.1.5. Marine
  - 9.3.1.6. Telecom
  - 9.3.1.7. Misc. (Medical, etc.)
9.4. Latin America Battery Electrolyte Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 9.4.1. Key Highlights
  - 9.4.1.1. Brazil
  - 9.4.1.2. Mexico
  - 9.4.1.3. Rest of Latin America
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Battery Electrolyte Market Outlook, 2019 - 2030

10.1. Middle East & Africa Battery Electrolyte Market Outlook, by Electrolyte Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 10.1.1. Key Highlights
  - 10.1.1.1. Solid
  - 10.1.1.2. Liquid
  - 10.1.1.3. Gel
10.2. Middle East & Africa Battery Electrolyte Market Outlook, by Battery Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 10.2.1. Key Highlights
  - 10.2.1.1. Li-ion
  - 10.2.1.2. Lead Acid
  - 10.2.1.3. Flow Batteries
  - 10.2.1.4. NiMH
  - 10.2.1.5. NiCd
  - 10.2.1.6. Misc.
10.3. Middle East & Africa Battery Electrolyte Market Outlook, by End-user Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 10.3.1. Key Highlights
  - 10.3.1.1. Automotive
  - 10.3.1.2. Consumer Electronics
  - 10.3.1.3. Stationary Storage
  - 10.3.1.4. General Industrial
  - 10.3.1.5. Marine
  - 10.3.1.6. Telecom
  - 10.3.1.7. Misc. (Medical, etc.)
10.4. Middle East & Africa Battery Electrolyte Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC
  - 10.4.1.2. South Africa
  - 10.4.1.3. Rest of Middle East & Africa
- 10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. UBE Corporation
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. Guangzhou Tinci Materials Technology
- 11.3.3. Shanshan Co.
- 11.3.4. Targray
- 11.3.5. 3M
- 11.3.6. Soulbrain
- 11.3.7. Mitsubishi Chemical Corporation
- 11.3.8. Enersys
- 11.3.9. GS Yuasa Corporation
- 11.3.10. Dongwha Electrolyte
- 11.3.11. Zhangjiagang Guotai Huarong New Chemical Materials Co.,Ltd.
- 11.3.12. TOMIYAMA PURE CHEMICAL INDUSTRIES, LTD.
- 11.3.13. Capchem Technology
- 11.3.14. NEI Corporation
- 11.3.15. BASF SE

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations