Market Overview:
The global electrolyte solution market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric vehicles and batteries, rising awareness about the benefits of electrolytes, and technological advancements in the field of electrolytes. The liquid lithium-ion battery electrolyte segment is expected to dominate the global market during the forecast period owing to its high performance and superior properties such as thermal stability, low viscosity, miscibility with various organic solvents, and long shelf life. The medical use segment is projected to be one of fastest-growing segments during the forecast period owing to an increase in demand for advanced medical treatments and therapies. In terms of region, North America dominates the global market for electrolyte solutions due its well-developed infrastructure and early adoption of new technologies.
Product Definition:
An electrolyte solution is a type of liquid that is used to dissolve other substances. It can also be used to help conduct electricity. Electrolyte solutions are important because they help keep the body's cells hydrated and functioning properly.
Liquid Lithium-ion Battery Electrolyte:
The lithium-ion battery (LiB) is the most popular rechargeable battery in the world. It is used in portable devices such as mobile phones, digital cameras, laptops and tablets. The LiB has a higher energy density than conventional batteries such as lead-acid or nickel-based ones. This makes it an ideal solution for applications where portability is a key requirement along with power supply.
Solid Lithium-ion Battery Electrolyte:
The solid lithium-ion battery electrolyte and it's usage in electrolyte solution market is expected to witness significant growth over the forecast period. The key driver for this market is growing demand for electric vehicles across the globe. Also, rising concerns regarding environmental pollution due to use of fossil fuels are anticipated to drive the need for renewable sources of energy which include Lithium-ion batteries as one among them.
Application Insights:
The automobile battery segment dominated the global market in 2017. The growth of this segment is attributed to the increasing production of electric passenger cars and heavy-duty commercial vehicles, especially in China, Japan, Germany and U.S., which are major consumers of automotive batteries. Increasing demand for lithium-ion batteries as replacements for lead acid batteries in automobiles is also expected to propel growth over the forecast period.
Electrolyte solutions are used across multiple application industries including medical use, personal care & cosmetics and other such as food processing equipment industry power tools industry etcetera owing to their properties such as high efficiency (in terms of delivering required amount of electricity), safety (low risk Of catching fire or exploding) And cost reduction (compared To traditional energy sources).
Regional Analysis:
The market in Asia Pacific is expected to grow at the highest rate over the forecast period. The growth of this region can be attributed to increasing demand for portable devices such as mobile phones and laptops, which require high-quality batteries. Moreover, rising disposable income coupled with a growing population has led to an increase in demand for consumer electronics such as cameras and mobiles. This has resulted in increased production of lithium ion battery electrolyte solutions across various industries within the region.
Asia Pacific was followed by Europe, which accounted for 24% of global revenue share in 2017 owing to high automotive sales across major countries including Germany, France and Italy that are driving industry growth there.
Growth Factors:
- Increasing demand for sports drinks and energy drinks owing to their health benefits
- Rising awareness about the importance of hydration and electrolyte balance in the human body
- Growing popularity of endurance sports such as marathons, triathlons, and cycling races
- Proliferation of fitness clubs and gyms that offer electrolyte solutions as part of their beverage menus
- Increased marketing by manufacturers targeting athletes, fitness enthusiasts, and general consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrolyte Solution Market Research Report
By Type
Liquid Lithium-ion Battery Electrolyte, Solid Lithium-ion Battery Electrolyte
By Application
Medical Use, Automobile Battery, Personal Care, Others
By Companies
Mitsubishi Chemical (JP), Ube Industries, Ltd (JP), Mitsui Chemicals (JP), TOMIYAMA (JP), KISHIDA (JP), Central Glass (JP), Panax-Etec (KR), LG Chem (KR), Soubrain (KR), BASF (DE), Guotai Huarong (CN), CAPCHE (CN), Dongguan Shanshan (CN), Tianjin Jinniu (CN), Guangzhou Tinci (CN), Shantou JinGuang High-Tech (CN), Zhuhai Smoothway Electronic Materials (CN), Beijing Institute of Chemical Reagent (CN), Huizhou Tianjia Technology (CN), Hebei Kunlun Chemical (CN)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Electrolyte Solution Market Report Segments:
The global Electrolyte Solution market is segmented on the basis of:
Types
Liquid Lithium-ion Battery Electrolyte, Solid Lithium-ion Battery Electrolyte
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Use, Automobile Battery, Personal Care, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsubishi Chemical (JP)
- Ube Industries, Ltd (JP)
- Mitsui Chemicals (JP)
- TOMIYAMA (JP)
- KISHIDA (JP)
- Central Glass (JP)
- Panax-Etec (KR)
- LG Chem (KR)
- Soubrain (KR)
- BASF (DE)
- Guotai Huarong (CN)
- CAPCHE (CN)
- Dongguan Shanshan (CN)
- Tianjin Jinniu (CN)
- Guangzhou Tinci (CN)
- Shantou JinGuang High-Tech (CN)
- Zhuhai Smoothway Electronic Materials (CN)
- Beijing Institute of Chemical Reagent (CN)
- Huizhou Tianjia Technology (CN)
- Hebei Kunlun Chemical (CN)
Highlights of The Electrolyte Solution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liquid Lithium-ion Battery Electrolyte
- Solid Lithium-ion Battery Electrolyte
- By Application:
- Medical Use
- Automobile Battery
- Personal Care
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrolyte Solution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electrolyte solution is a liquid that contains dissolved salts and other minerals. Electrolytes help to maintain the balance of fluids in the body by helping to transfer ions between cells. Electrolyte solutions are often used as sports drinks or dietary supplements.
Some of the major players in the electrolyte solution market are Mitsubishi Chemical (JP), Ube Industries, Ltd (JP), Mitsui Chemicals (JP), TOMIYAMA (JP), KISHIDA (JP), Central Glass (JP), Panax-Etec (KR), LG Chem (KR), Soubrain (KR), BASF (DE), Guotai Huarong (CN), CAPCHE (CN), Dongguan Shanshan (CN), Tianjin Jinniu (CN), Guangzhou Tinci (CN), Shantou JinGuang High-Tech (CN), Zhuhai Smoothway Electronic Materials (CN), Beijing Institute of Chemical Reagent (CN), Huizhou Tianjia Technology (CN), Hebei Kunlun Chemical (CN).
The electrolyte solution market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrolyte Solution Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electrolyte Solution Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrolyte Solution Market - Supply Chain
4.5. Global Electrolyte Solution Market Forecast
4.5.1. Electrolyte Solution Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrolyte Solution Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrolyte Solution Market Absolute $ Opportunity
5. Global Electrolyte Solution Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrolyte Solution Market Size and Volume Forecast by Type
5.3.1. Liquid Lithium-ion Battery Electrolyte
5.3.2. Solid Lithium-ion Battery Electrolyte
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrolyte Solution Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrolyte Solution Market Size and Volume Forecast by Application
6.3.1. Medical Use
6.3.2. Automobile Battery
6.3.3. Personal Care
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrolyte Solution Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrolyte Solution Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrolyte Solution Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrolyte Solution Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrolyte Solution Demand Share Forecast, 2019-2026
9. North America Electrolyte Solution Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electrolyte Solution Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrolyte Solution Market Size and Volume Forecast by Application
9.4.1. Medical Use
9.4.2. Automobile Battery
9.4.3. Personal Care
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrolyte Solution Market Size and Volume Forecast by Type
9.7.1. Liquid Lithium-ion Battery Electrolyte
9.7.2. Solid Lithium-ion Battery Electrolyte
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrolyte Solution Demand Share Forecast, 2019-2026
10. Latin America Electrolyte Solution Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electrolyte Solution Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrolyte Solution Market Size and Volume Forecast by Application
10.4.1. Medical Use
10.4.2. Automobile Battery
10.4.3. Personal Care
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrolyte Solution Market Size and Volume Forecast by Type
10.7.1. Liquid Lithium-ion Battery Electrolyte
10.7.2. Solid Lithium-ion Battery Electrolyte
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrolyte Solution Demand Share Forecast, 2019-2026
11. Europe Electrolyte Solution Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrolyte Solution Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrolyte Solution Market Size and Volume Forecast by Application
11.4.1. Medical Use
11.4.2. Automobile Battery
11.4.3. Personal Care
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrolyte Solution Market Size and Volume Forecast by Type
11.7.1. Liquid Lithium-ion Battery Electrolyte
11.7.2. Solid Lithium-ion Battery Electrolyte
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrolyte Solution Demand Share, 2019-2026
12. Asia Pacific Electrolyte Solution Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrolyte Solution Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrolyte Solution Market Size and Volume Forecast by Application
12.4.1. Medical Use
12.4.2. Automobile Battery
12.4.3. Personal Care
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrolyte Solution Market Size and Volume Forecast by Type
12.7.1. Liquid Lithium-ion Battery Electrolyte
12.7.2. Solid Lithium-ion Battery Electrolyte
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrolyte Solution Demand Share, 2019-2026
13. Middle East & Africa Electrolyte Solution Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrolyte Solution Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrolyte Solution Market Size and Volume Forecast by Application
13.4.1. Medical Use
13.4.2. Automobile Battery
13.4.3. Personal Care
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrolyte Solution Market Size and Volume Forecast by Type
13.7.1. Liquid Lithium-ion Battery Electrolyte
13.7.2. Solid Lithium-ion Battery Electrolyte
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrolyte Solution Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrolyte Solution Market: Market Share Analysis
14.2. Electrolyte Solution Distributors and Customers
14.3. Electrolyte Solution Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsubishi Chemical (JP)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ube Industries, Ltd (JP)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsui Chemicals (JP)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TOMIYAMA (JP)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. KISHIDA (JP)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Central Glass (JP)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panax-Etec (KR)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LG Chem (KR)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Soubrain (KR)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BASF (DE)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Guotai Huarong (CN)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CAPCHE (CN)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Dongguan Shanshan (CN)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tianjin Jinniu (CN)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Guangzhou Tinci (CN)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shantou JinGuang High-Tech (CN)
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Zhuhai Smoothway Electronic Materials (CN)
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Beijing Institute of Chemical Reagent (CN)
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Huizhou Tianjia Technology (CN)
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Hebei Kunlun Chemical (CN)
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook