Market Overview:
The global battery electrolyte 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 across the globe. In addition, the growing demand for energy storage systems is also contributing to the growth of this market. The liquid electrolyte segment is expected to dominate the global battery electrolyte market during the forecast period. This segment accounted for a majority share of the global battery electrolyte market in 2017 and is projected to grow at a CAGR of 6.8% from 2018 to 2030.
Product Definition:
A battery electrolyte is a liquid that is used to create an electrical current in a battery. It is important because it helps to transfer electrons between the positive and negative terminals of the battery.
Liquid Electrolyte:
The liquid electrolyte is a conductive medium that allows the ions to move within it freely. It can be water-based or oil-based. The major function of the liquid electrolyte is to prevent the battery from overheating and catching fire.
Gel Electrolyte:
Gel electrolyte is a battery electrolyte that provides improved thermal stability and low viscosity. It improves the overall performance of the battery by increasing its shelf life & cycle number, thus reducing maintenance costs. Gel electrolytes also provide high conductivity to molten metal during charging and discharging cycles, which results in quick charging or slow discharge depending upon the requirement of batteries.
Application Insights:
The lead-acid battery segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. The growing electronics industry, particularly in Asia Pacific and Latin America, is anticipated to augment product demand. Rapid urbanization coupled with rising income levels has led to an increase in the number of vehicles on roads globally. This trend is expected to continue over the forecast period thus driving demand for batteries which are used as a power source for automotive applications.
Increasing usage of renewable energy sources such as wind and solar rays has resulted in a reduction of dependency on fossil fuels including coal and oil which have been contributing significantly towards global warming since centuries past resulting into increased focus on alternative sources of energy such as wood, peat & biofuels among others thereby supporting market growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The presence of key battery manufacturers in China and Japan is anticipated to drive regional growth. Rapid industrialization, availability of low-cost labor, and technological advancements are also likely to contribute toward industry growth in this region.
China accounted for a major share in global battery production owing to its well-developed manufacturing sector coupled with relatively lower land prices compared with other countries around the world. In addition, favorable government policies such as tax benefits on domestic manufacturing are expected to boost Chinese manufacturers' capacity expansion plans over the coming years which would further propel China's position as a key player in global market space.
North America was estimated as one of the largest markets for battery electrolyte solutions accounting for more than 10% revenue share by application segmentation across 2017 owing both primary and secondary batteries across automotive, marine applications along with power storage systems used across homes & businesses among others The U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in the demand for battery electrolytes, as they are used in batteries of electric vehicles.
- Growing popularity of energy storage systems: Energy storage systems are becoming increasingly popular due to their ability to store energy from renewable sources and provide backup power during outages. This is expected to drive the growth of the battery electrolyte market during the forecast period.
- Rising demand from developing countries: The growth in disposable income and rapid industrialization in developing countries is leading to an increase in the demand for batteries and battery electrolytes. This is expected to boost the growth of the battery electrolyte market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Electrolyte Market Research Report
By Type
Liquid Electrolyte, Gel Electrolyte
By Application
Lead-acid Battery, Lithium-ion Battery
By Companies
Mitsubishi Chemicals, UBE, Shenzhen Capchem Technology, Johnson Controls, Guangzhou Tinci Materials Technology, GS Yuasa, 3M, BASF, LG Chem, Toshima Manufacturing, Mitsubishi Chemicals, Soulbrain Mi, Gelest, Targray, Ceramtec, Ohara, Daikin America, Nohms Technologies, Panax Etec, Stella Chemifa, Guangdong Jinguang High-Tech, Zhangjiagang Guotai Huarong Chemical New Material, Tomiyama Pure Chemical Industries
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Battery Electrolyte Market Report Segments:
The global Battery Electrolyte market is segmented on the basis of:
Types
Liquid Electrolyte, Gel 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
Lead-acid Battery, Lithium-ion Battery
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 Chemicals
- UBE
- Shenzhen Capchem Technology
- Johnson Controls
- Guangzhou Tinci Materials Technology
- GS Yuasa
- 3M
- BASF
- LG Chem
- Toshima Manufacturing
- Mitsubishi Chemicals
- Soulbrain Mi
- Gelest
- Targray
- Ceramtec
- Ohara
- Daikin America
- Nohms Technologies
- Panax Etec
- Stella Chemifa
- Guangdong Jinguang High-Tech
- Zhangjiagang Guotai Huarong Chemical New Material
- Tomiyama Pure Chemical Industries
Highlights of The Battery Electrolyte 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 Electrolyte
- Gel Electrolyte
- By Application:
- Lead-acid Battery
- Lithium-ion Battery
- 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 Battery Electrolyte 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A battery electrolyte is a liquid that helps to keep a battery charged. It contains ions that are attracted to the anode and cathode of the battery, and it helps to prevent corrosion.
Some of the key players operating in the battery electrolyte market are Mitsubishi Chemicals, UBE, Shenzhen Capchem Technology, Johnson Controls, Guangzhou Tinci Materials Technology, GS Yuasa, 3M, BASF, LG Chem, Toshima Manufacturing, Mitsubishi Chemicals, Soulbrain Mi, Gelest, Targray, Ceramtec, Ohara, Daikin America, Nohms Technologies, Panax Etec, Stella Chemifa, Guangdong Jinguang High-Tech, Zhangjiagang Guotai Huarong Chemical New Material, Tomiyama Pure Chemical Industries.
The battery electrolyte market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Electrolyte Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Battery Electrolyte Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Electrolyte Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Battery Electrolyte Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Battery Electrolyte Market Size & Forecast, 2018-2028
4.5.1 Battery Electrolyte Market Size and Y-o-Y Growth
4.5.2 Battery Electrolyte Market Absolute $ Opportunity
Chapter 5 Global Battery Electrolyte Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Battery Electrolyte Market Size Forecast by Type
5.2.1 Liquid Electrolyte
5.2.2 Gel Electrolyte
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Battery Electrolyte Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Battery Electrolyte Market Size Forecast by Applications
6.2.1 Lead-acid Battery
6.2.2 Lithium-ion Battery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Electrolyte Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Battery Electrolyte Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Battery Electrolyte Analysis and Forecast
9.1 Introduction
9.2 North America Battery Electrolyte Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Battery Electrolyte Market Size Forecast by Type
9.6.1 Liquid Electrolyte
9.6.2 Gel Electrolyte
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Battery Electrolyte Market Size Forecast by Applications
9.10.1 Lead-acid Battery
9.10.2 Lithium-ion Battery
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Battery Electrolyte Analysis and Forecast
10.1 Introduction
10.2 Europe Battery Electrolyte Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Battery Electrolyte Market Size Forecast by Type
10.6.1 Liquid Electrolyte
10.6.2 Gel Electrolyte
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Battery Electrolyte Market Size Forecast by Applications
10.10.1 Lead-acid Battery
10.10.2 Lithium-ion Battery
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Battery Electrolyte Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Battery Electrolyte Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Battery Electrolyte Market Size Forecast by Type
11.6.1 Liquid Electrolyte
11.6.2 Gel Electrolyte
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Battery Electrolyte Market Size Forecast by Applications
11.10.1 Lead-acid Battery
11.10.2 Lithium-ion Battery
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Battery Electrolyte Analysis and Forecast
12.1 Introduction
12.2 Latin America Battery Electrolyte Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Battery Electrolyte Market Size Forecast by Type
12.6.1 Liquid Electrolyte
12.6.2 Gel Electrolyte
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Battery Electrolyte Market Size Forecast by Applications
12.10.1 Lead-acid Battery
12.10.2 Lithium-ion Battery
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Battery Electrolyte Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Battery Electrolyte Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Battery Electrolyte Market Size Forecast by Type
13.6.1 Liquid Electrolyte
13.6.2 Gel Electrolyte
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Battery Electrolyte Market Size Forecast by Applications
13.10.1 Lead-acid Battery
13.10.2 Lithium-ion Battery
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Battery Electrolyte Market: Competitive Dashboard
14.2 Global Battery Electrolyte Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Chemicals
14.3.2 UBE
14.3.3 Shenzhen Capchem Technology
14.3.4 Johnson Controls
14.3.5 Guangzhou Tinci Materials Technology
14.3.6 GS Yuasa
14.3.7 3M
14.3.8 BASF
14.3.9 LG Chem
14.3.10 Toshima Manufacturing
14.3.11 Mitsubishi Chemicals
14.3.12 Soulbrain Mi
14.3.13 Gelest
14.3.14 Targray
14.3.15 Ceramtec
14.3.16 Ohara
14.3.17 Daikin America
14.3.18 Nohms Technologies
14.3.19 Panax Etec
14.3.20 Stella Chemifa
14.3.21 Guangdong Jinguang High-Tech
14.3.22 Zhangjiagang Guotai Huarong Chemical New Material
14.3.23 Tomiyama Pure Chemical Industries
