Market Overview:
The global lithium hexafluorophosphate market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lithium hexafluorophosphate from various applications such as consumer electronics, electrical vehicles, and industrial energy storage. Additionally, the growing demand for electric vehicles is also propelling the growth of this market. However, volatility in prices of raw materials used in manufacturing lithium hexafluorophosphate may restrain the growth of this market to some extent.
Product Definition:
Lithium Hexafluorophosphate is a white, odorless, crystalline powder. It is soluble in water and slightly soluble in ethanol. Lithium Hexafluorophosphate is used as a reagent for the determination of lithium concentrations in solution.
Crystal:
Crystal is a solid material that has a perfect uniformity of particle and possesses sixfold rotational symmetry. It is produced by the crystallization process wherein the molecules are forced to arrange in an ideal manner. Crystalline materials have different properties from amorphous ones which makes them useful for industrial applications. Some common types of crystalline materials include ceramics, glass, table salt, and quartz among others.
Liquid:
Liquid is a colorless and highly flammable organic compound, which is used as an electrolyte in Lithium Hexafluorophosphate (LHP) batteries. It consists of carbon and hydrogen molecules. The liquid has the ability to dissolve many substances including glass, sulfuric acid, sodium hydroxide, calcium hydroxide and graphite among others. It also dissolves easily in water making it ideal for battery electrolytes.
Application Insights:
Electrical vehicles was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Increasing demand for lithium-ion batteries from electric vehicles, consumer electronics, and renewable energy storage sectors is projected to fuel growth. The industrial applications include aerospace, defense & military, and power generation sectors. Lithium hexafluorophosphate has wide applications in these industries as it provides high performance at low costs; this makes it a preferred material among other alternatives such as antifreeze solutions.
The product also finds application in non-electrical end-use industries including food processing and paper mills due to its properties of being an efficient catalyst that improves productivity levels across all processes involved.
Regional Analysis:
Asia Pacific dominated the global lithium hexafluorophosphate market in 2016 and is expected to continue its dominance over the forecast period. The growing demand for consumer electronics, electric vehicles, and industrial energy storage batteries is expected to drive growth. Increasing production of these products due to low raw material costs coupled with less stringent regulations regarding air pollution has led major manufacturers including Panasonic Corporation; SANY Group; LG Chem Ltd.; Samsung Electro-Mechanics Co., Ltd.; and Fujitsu General Limited Liability Company have set up manufacturing facilities in this region.
The increasing number of manufacturing facilities along with growing end-use industries has resulted in high product consumption across Asia Pacific region. China accounted for a share of 36% among all Asian countries in terms of lithium battery cell production capacity as well as consumption followed by South Korea which accounted for a share of 22%.
Growth Factors:
- Increasing demand for electric vehicles: The global lithium hexafluorophosphate market is expected to grow at a CAGR of over 7% during the forecast period, owing to the increasing demand for electric vehicles. Lithium hexafluorophosphate is used as an electrolyte in lithium-ion batteries, which are used in electric vehicles.
- Growing investments in renewable energy: The growth of the global lithium hexafluorophosphate market is also driven by the growing investments in renewable energy sources such as solar and wind power. Renewable energy sources are becoming more popular due to their low environmental impact and declining costs of installation and operation.
- Rising demand from electronics industry: Lithium hexafluorophosphate is also used in electronic devices such as smartphones, laptops, tablets, and digital cameras. The rising demand for these devices globally is driving the growth of the global lithium hexafluorophosphate market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium Hexafluorophosphate Market Research Report
By Type
Crystal, Liquid
By Application
Consumer Electronics, Electrical Vehicles, Industrial Energy Storage
By Companies
Morita ChemicalCo.,Ltd, STELLA CHEMIFA, Kanto Denka Kogyo Co Ltd, Central Glass Co., Ltd., foosung co.,Ltd, Do-Fluoride Chemicals Co.,LTD, jiangsu jiujiujiu technology co.,Led, Tianjin Chemical Research&design institute, tianjin jinniu Power sources material co.,ltd, Guangzhou Tinci Materials Technology Co., Ltd., Hubei HongCNY Pharmaceutical technology Co.,Ltd., Shantou JinGuang High-Tech Co. Ltd, jiangsu xintai material technology co., led, Kailan
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Lithium Hexafluorophosphate Market Report Segments:
The global Lithium Hexafluorophosphate market is segmented on the basis of:
Types
Crystal, Liquid
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
Consumer Electronics, Electrical Vehicles, Industrial Energy Storage
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:
- Morita ChemicalCo.,Ltd
- STELLA CHEMIFA
- Kanto Denka Kogyo Co Ltd
- Central Glass Co., Ltd.
- foosung co.,Ltd
- Do-Fluoride Chemicals Co.,LTD
- jiangsu jiujiujiu technology co.,Led
- Tianjin Chemical Research&design institute
- tianjin jinniu Power sources material co.,ltd
- Guangzhou Tinci Materials Technology Co., Ltd.
- Hubei HongCNY Pharmaceutical technology Co.,Ltd.
- Shantou JinGuang High-Tech Co. Ltd
- jiangsu xintai material technology co., led
- Kailan
Highlights of The Lithium Hexafluorophosphate 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:
- Crystal
- Liquid
- By Application:
- Consumer Electronics
- Electrical Vehicles
- Industrial Energy Storage
- 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 Lithium Hexafluorophosphate 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?
Lithium hexafluorophosphate is a white, crystalline solid with the chemical formula LiPF6. It is used in many applications as a non-toxic and environmentally friendly alternative to more traditional chemicals. Lithium hexafluorophosphate has several important uses, including in batteries and fireworks.
Some of the major companies in the lithium hexafluorophosphate market are Morita ChemicalCo.,Ltd, STELLA CHEMIFA, Kanto Denka Kogyo Co Ltd, Central Glass Co., Ltd., foosung co.,Ltd, Do-Fluoride Chemicals Co.,LTD, jiangsu jiujiujiu technology co.,Led, Tianjin Chemical Research&design institute, tianjin jinniu Power sources material co.,ltd, Guangzhou Tinci Materials Technology Co., Ltd., Hubei HongCNY Pharmaceutical technology Co.,Ltd., Shantou JinGuang High-Tech Co. Ltd, jiangsu xintai material technology co., led, Kailan.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithium Hexafluorophosphate 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. Lithium Hexafluorophosphate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lithium Hexafluorophosphate Market - Supply Chain
4.5. Global Lithium Hexafluorophosphate Market Forecast
4.5.1. Lithium Hexafluorophosphate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithium Hexafluorophosphate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithium Hexafluorophosphate Market Absolute $ Opportunity
5. Global Lithium Hexafluorophosphate 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. Lithium Hexafluorophosphate Market Size and Volume Forecast by Type
5.3.1. Crystal
5.3.2. Liquid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithium Hexafluorophosphate 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. Lithium Hexafluorophosphate Market Size and Volume Forecast by Application
6.3.1. Consumer Electronics
6.3.2. Electrical Vehicles
6.3.3. Industrial Energy Storage
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lithium Hexafluorophosphate 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. Lithium Hexafluorophosphate 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 Lithium Hexafluorophosphate 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. Lithium Hexafluorophosphate 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 Lithium Hexafluorophosphate Demand Share Forecast, 2019-2026
9. North America Lithium Hexafluorophosphate 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 Lithium Hexafluorophosphate 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 Lithium Hexafluorophosphate Market Size and Volume Forecast by Application
9.4.1. Consumer Electronics
9.4.2. Electrical Vehicles
9.4.3. Industrial Energy Storage
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lithium Hexafluorophosphate Market Size and Volume Forecast by Type
9.7.1. Crystal
9.7.2. Liquid
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 Lithium Hexafluorophosphate Demand Share Forecast, 2019-2026
10. Latin America Lithium Hexafluorophosphate 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 Lithium Hexafluorophosphate 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 Lithium Hexafluorophosphate Market Size and Volume Forecast by Application
10.4.1. Consumer Electronics
10.4.2. Electrical Vehicles
10.4.3. Industrial Energy Storage
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lithium Hexafluorophosphate Market Size and Volume Forecast by Type
10.7.1. Crystal
10.7.2. Liquid
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 Lithium Hexafluorophosphate Demand Share Forecast, 2019-2026
11. Europe Lithium Hexafluorophosphate 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 Lithium Hexafluorophosphate 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 Lithium Hexafluorophosphate Market Size and Volume Forecast by Application
11.4.1. Consumer Electronics
11.4.2. Electrical Vehicles
11.4.3. Industrial Energy Storage
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lithium Hexafluorophosphate Market Size and Volume Forecast by Type
11.7.1. Crystal
11.7.2. Liquid
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. B Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lithium Hexafluorophosphate Demand Share, 2019-2026
12. Asia Pacific Lithium Hexafluorophosphate 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 Lithium Hexafluorophosphate 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 Lithium Hexafluorophosphate Market Size and Volume Forecast by Application
12.4.1. Consumer Electronics
12.4.2. Electrical Vehicles
12.4.3. Industrial Energy Storage
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lithium Hexafluorophosphate Market Size and Volume Forecast by Type
12.7.1. Crystal
12.7.2. Liquid
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 Lithium Hexafluorophosphate Demand Share, 2019-2026
13. Middle East & Africa Lithium Hexafluorophosphate 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 Lithium Hexafluorophosphate 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 Lithium Hexafluorophosphate Market Size and Volume Forecast by Application
13.4.1. Consumer Electronics
13.4.2. Electrical Vehicles
13.4.3. Industrial Energy Storage
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lithium Hexafluorophosphate Market Size and Volume Forecast by Type
13.7.1. Crystal
13.7.2. Liquid
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 Lithium Hexafluorophosphate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lithium Hexafluorophosphate Market: Market Share Analysis
14.2. Lithium Hexafluorophosphate Distributors and Customers
14.3. Lithium Hexafluorophosphate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Morita ChemicalCo.,Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. STELLA CHEMIFA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kanto Denka Kogyo Co Ltd
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Central Glass Co., Ltd.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. foosung co.,Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Do-Fluoride Chemicals Co.,LTD
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. jiangsu jiujiujiu technology co.,Led
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tianjin Chemical Research&design institute
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. tianjin jinniu Power sources material co.,ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Guangzhou Tinci Materials Technology Co., Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hubei HongCNY Pharmaceutical technology Co.,Ltd.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shantou JinGuang High-Tech Co. Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. jiangsu xintai material technology co., led
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kailan
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
