Market Overview:
The global battery grade solvents market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lithium-ion batteries across the globe. In addition, the growing demand for electric vehicles is also contributing to the growth of this market. The global battery grade solvents market can be segmented on the basis of type into DMC, EMC, EC, DEC and PC. The DMC segment is expected to hold a major share of this market during the forecast period owing to its high purity and low volatility characteristics.
Product Definition:
Battery grade solvents are used to clean and degrease battery cells and parts. They are also used in the manufacturing of batteries.
DMC:
DMC, or 1,4-Dioxane is a colorless and water-soluble organic compound. It is also classified as an organic solvent. DMC has applications in various industries such as pharmaceuticals, cosmetics & personal care products and the automotive industry among others.
EMC:
EMC is an abbreviation for Electro-Motive Chemicals. It is a family of chemicals that includes solvents, oils, and electrolytes. EMC products are used in various applications such as metal cleaning & polishing, printing inks & adhesives, paints & coatings and battery grade solvents among others. Battery grade solvent application segment accounts for the major share of the global EMC market followed by its use in metal cleaning and printing ink applications globally.
Application Insights:
The others segment dominated the global battery grade solvents market in 2017 and is expected to witness significant growth over the forecast period. The others application segment includes cellophane, plasticizer, and lubricant. Cellophane is used as a packing material for electronic components while plasticizer is used as an additive in polyvinyl chloride (PVC) resins. Lubricants are added to reduce friction between moving parts which leads to increased efficiency of machinery and equipment.
Electrolyte contains saltwater which enables batteries to work at high temperatures without undergoing any structural changes or decomposition reactions that may lead to short-circuit or open circuit formation within a battery pack assembly during normal operation conditions of a vehicle¢â‚¬â„¢s engine compartment environment (temperature & humidity).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising demand for consumer electronics and electric vehicles in countries, such as China, India, South Korea and Japan. In addition, increasing lithium-ion battery production capacity by various companies in Asia Pacific is projected to drive product demand further. For instance; Panasonic Corporation has announced its plans of constructing a large scale lithium ion battery plant in Japan with an investment of around USD X billion by 2020.
Europe was estimated as the second-largest region after Asia Pacific with a volume share of 31% in 2017 owing to stringent regulations on disposal or recycling batteries that have reached their end of life stage coupled with growing environmental concerns regarding waste management practices across European countries including Germany, France and Italy among others which are likely to propel industry growth during the forecast period from 2018 till 2030 (estimated).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for battery grade solvents, as they are used in the manufacturing of batteries for these vehicles.
- Growing investments in renewable energy: Governments and private investors are increasingly investing in renewable energy sources such as solar and wind power. This is expected to drive the growth of the battery grade solvents market, as these solvents are used in the manufacture of solar and wind power cells.
- Rising awareness about environmental issues: There is a growing awareness among consumers about environmental issues such as climate change and air pollution. This is leading them to adopt eco-friendly products such as those that use battery grade solvents instead of traditional solvents which are harmful to the environment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Grade Solvents Market Research Report
By Type
DMC, EMC, EC, DEC, PC
By Application
Lithium Battery Electrolyte, Others
By Companies
Mitsubishi Chemical Corporation, Toagosei, LOTTE, UBE, LyondellBasell, Daze Group, CNSG Anhui Hong Sifang, Shandong Shida Shenghua Chemical, Haike Chemical Group, Liao Ning Oxiranchem, Liao Ning Kong Lung, Zhongke Hongye Chemical, Yingkou Hengyang, Tongling Jintai Chemical
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Battery Grade Solvents Market Report Segments:
The global Battery Grade Solvents market is segmented on the basis of:
Types
DMC, EMC, EC, DEC, PC
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
Lithium Battery Electrolyte, 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 Corporation
- Toagosei
- LOTTE
- UBE
- LyondellBasell
- Daze Group
- CNSG Anhui Hong Sifang
- Shandong Shida Shenghua Chemical
- Haike Chemical Group
- Liao Ning Oxiranchem
- Liao Ning Kong Lung
- Zhongke Hongye Chemical
- Yingkou Hengyang
- Tongling Jintai Chemical
Highlights of The Battery Grade Solvents 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:
- DMC
- EMC
- EC
- DEC
- PC
- By Application:
- Lithium Battery Electrolyte
- 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 Battery Grade Solvents 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?
Battery grade solvents are those that have been specifically designed for use in batteries. They are typically more expensive than other types of solvents, but they are considered to be of higher quality and should be used only in cases where the benefits outweigh the costs.
Some of the major players in the battery grade solvents market are Mitsubishi Chemical Corporation, Toagosei, LOTTE, UBE, LyondellBasell, Daze Group, CNSG Anhui Hong Sifang, Shandong Shida Shenghua Chemical, Haike Chemical Group, Liao Ning Oxiranchem, Liao Ning Kong Lung, Zhongke Hongye Chemical, Yingkou Hengyang, Tongling Jintai Chemical.
The battery grade solvents market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Grade Solvents 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 Grade Solvents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Grade Solvents 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 Grade Solvents 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 Grade Solvents Market Size & Forecast, 2020-2028
4.5.1 Battery Grade Solvents Market Size and Y-o-Y Growth
4.5.2 Battery Grade Solvents Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 DMC
5.2.2 EMC
5.2.3 EC
5.2.4 DEC
5.2.5 PC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Lithium Battery Electrolyte
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Grade Solvents 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 Grade Solvents 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 DMC
9.6.2 EMC
9.6.3 EC
9.6.4 DEC
9.6.5 PC
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 Market Size Forecast by Applications
9.10.1 Lithium Battery Electrolyte
9.10.2 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 DMC
10.6.2 EMC
10.6.3 EC
10.6.4 DEC
10.6.5 PC
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 Market Size Forecast by Applications
10.10.1 Lithium Battery Electrolyte
10.10.2 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 DMC
11.6.2 EMC
11.6.3 EC
11.6.4 DEC
11.6.5 PC
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 Market Size Forecast by Applications
11.10.1 Lithium Battery Electrolyte
11.10.2 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 DMC
12.6.2 EMC
12.6.3 EC
12.6.4 DEC
12.6.5 PC
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 Market Size Forecast by Applications
12.10.1 Lithium Battery Electrolyte
12.10.2 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 DMC
13.6.2 EMC
13.6.3 EC
13.6.4 DEC
13.6.5 PC
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) Market Size Forecast by Applications
13.10.1 Lithium Battery Electrolyte
13.10.2 Others
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 Grade Solvents Market: Competitive Dashboard
14.2 Global Battery Grade Solvents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Chemical Corporation
14.3.2 Toagosei
14.3.3 LOTTE
14.3.4 UBE
14.3.5 LyondellBasell
14.3.6 Daze Group
14.3.7 CNSG Anhui Hong Sifang
14.3.8 Shandong Shida Shenghua Chemical
14.3.9 Haike Chemical Group
14.3.10 Liao Ning Oxiranchem
14.3.11 Liao Ning Kong Lung
14.3.12 Zhongke Hongye Chemical
14.3.13 Yingkou Hengyang
14.3.14 Tongling Jintai Chemical
