Market Overview:
The global lithium-ion battery electrolyte market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and batteries in the automotive sector, and also for consumer electronics applications. The vinyl carbonate segment is expected to dominate the global lithium-ion battery electrolyte market during the forecast period, followed by propylene carbonate. Diethyl carbonate, dimethyl carbonate, methyl ethyl carbonate and lithium hexafluorophosphate are other segments of this market. Asia Pacific is expected to be the fastest growing region for this market during the forecast period.
Product Definition:
The electrolyte in a lithium-ion battery is typically made of a solvent, such as ethylene carbonate or propylene carbonate, and dissolved lithium salts, such as LiPF6. The electrolyte helps to transfer lithium ions between the two electrodes.
Vinyl carbonate:
Vinyl carbonate is a polymer, which is manufactured by the chemical reaction between carbon and vinyl. It has applications in paints & coatings, adhesives & sealants, construction materials (as an additive in cement composites), plastics (as an additive in polyvinyl chloride), printing ink (for offset printing) and rubber tires. The global demand for vinyl carbonate was estimated to be 1,500 kilo tons in 2015.
Propylene carbonate:
Propylene carbonate is a chemical compound derived from carbon compounds and petroleum. It has an odor similar to gasoline. Propylene carbonate is used as a solvent in the manufacturing of plasticizers for polyvinyl chloride, unsaturated polyester resins, epoxy resins, and acrylics among other products. The growing demand for lithium-ion batteries across the globe owing to their high energy density is expected to propel market growth over the forecast period.
Application Insights:
The automotive segment dominated the overall market in terms of revenue share in 2017. The growing demand for electric vehicles is expected to have a positive impact on the industry growth over the forecast period. Increasing investments by governments across various countries towards promoting Electric Vehicles (EV) as an alternative to conventional gasoline-powered cars is also likely to propel industry expansion over the coming years.
Electronics application was one of the prominent segments and accounted for 20% of total volume share in 2017 owing to increasing use lithium-ion batteries as power sources for portable devices such as smartphones, laptops, and cameras among others. Growing electronics sector across developing countries such as China, India, South Korea and Japan is anticipated to further fuel product demand from 2018 into 2030.
In addition, growing consumer preference for wearable devices like fitness bands.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key players, availability of raw materials, cheap labor cost, high population density along with a growing number of automobile manufacturers are some factors driving the regional market.
The increasing demand for electric vehicles across major countries such as China and India coupled with rising government subsidies is also expected to drive industry growth over the next eight years. In addition, favorable policies such as “Make in India†initiative by Indian government are anticipated to create ample opportunities for domestic manufacturers which will further propel industry expansion.
North America accounted for a significant share owing to increased spending on research & development activities by major battery manufacturers coupled with technological advancements in energy storage devices used in hybrid/electric vehicles and laptops/notebooks etc., which require higher power capacity from batteries than mobile phones do. This factor is projected to augment regional growth during the forecast period.
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 lithium-ion batteries, which in turn will drive the growth of the lithium-ion battery electrolyte market.
- Growing demand from energy storage applications: The global market for energy storage is expected to grow at a CAGR of more than 30% during the forecast period. This will lead to an increase in the demand for lithium-ion batteries, which in turn will drive the growth of the lithium-ion battery electrolyte market.
- Rising investment in renewable energy: Renewable sources such as solar and wind are becoming increasingly popular due to their low environmental impact and growing acceptance among consumers worldwide. This is resulting in rising investment by governments and private players alike into renewable energy projects, thereby drivingthe growth ofthe lihtium ion battery electrolytemarket .
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium-ion Battery Electrolyte Market Research Report
By Type
Vinyl carbonate, Propylene carbonate, Diethyl carbonate, Dimethyl carbonate, Methyl ethyl carbonate, Lithium hexafluorophosphate
By Application
Automotive, Electronics
By Companies
Mitsubishi Chemical, Ube Industries, Ltd., Mitsui Chemicals, TOMIYAMA, KISHIDA, Panax-Etec, LG Chem, BASF e-mobility, Guotai Huarong, TIANJIN JINNIU, Dongguan Shanshan(DGSS), CAPCHEM, Guangzhou Tinci
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Lithium-ion Battery Electrolyte Market Report Segments:
The global Lithium-ion Battery Electrolyte market is segmented on the basis of:
Types
Vinyl carbonate, Propylene carbonate, Diethyl carbonate, Dimethyl carbonate, Methyl ethyl carbonate, Lithium hexafluorophosphate
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
Automotive, Electronics
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
- Ube Industries, Ltd.
- Mitsui Chemicals
- TOMIYAMA
- KISHIDA
- Panax-Etec
- LG Chem
- BASF e-mobility
- Guotai Huarong
- TIANJIN JINNIU
- Dongguan Shanshan(DGSS)
- CAPCHEM
- Guangzhou Tinci
Highlights of The Lithium-ion 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:
- Vinyl carbonate
- Propylene carbonate
- Diethyl carbonate
- Dimethyl carbonate
- Methyl ethyl carbonate
- Lithium hexafluorophosphate
- By Application:
- Automotive
- Electronics
- 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-ion 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
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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?
The electrolyte in a lithium-ion battery is a liquid that helps to conduct electricity and keep the cells of the battery charged.
Some of the major players in the lithium-ion battery electrolyte market are Mitsubishi Chemical, Ube Industries, Ltd., Mitsui Chemicals, TOMIYAMA, KISHIDA, Panax-Etec, LG Chem, BASF e-mobility, Guotai Huarong, TIANJIN JINNIU, Dongguan Shanshan(DGSS), CAPCHEM, Guangzhou Tinci.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithium-ion Battery Electrolyte 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-ion Battery Electrolyte Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lithium-ion Battery Electrolyte Market - Supply Chain
4.5. Global Lithium-ion Battery Electrolyte Market Forecast
4.5.1. Lithium-ion Battery Electrolyte Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithium-ion Battery Electrolyte Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithium-ion Battery Electrolyte Market Absolute $ Opportunity
5. Global Lithium-ion Battery Electrolyte 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-ion Battery Electrolyte Market Size and Volume Forecast by Type
5.3.1. Vinyl carbonate
5.3.2. Propylene carbonate
5.3.3. Diethyl carbonate
5.3.4. Dimethyl carbonate
5.3.5. Methyl ethyl carbonate
5.3.6. Lithium hexafluorophosphate
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithium-ion Battery Electrolyte 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-ion Battery Electrolyte Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Electronics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lithium-ion Battery Electrolyte 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-ion Battery Electrolyte 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-ion Battery Electrolyte 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-ion Battery Electrolyte 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-ion Battery Electrolyte Demand Share Forecast, 2019-2029
9. North America Lithium-ion Battery Electrolyte 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-ion Battery Electrolyte 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-ion Battery Electrolyte Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Electronics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lithium-ion Battery Electrolyte Market Size and Volume Forecast by Type
9.7.1. Vinyl carbonate
9.7.2. Propylene carbonate
9.7.3. Diethyl carbonate
9.7.4. Dimethyl carbonate
9.7.5. Methyl ethyl carbonate
9.7.6. Lithium hexafluorophosphate
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-ion Battery Electrolyte Demand Share Forecast, 2019-2029
10. Latin America Lithium-ion Battery Electrolyte 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-ion Battery Electrolyte 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-ion Battery Electrolyte Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Electronics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lithium-ion Battery Electrolyte Market Size and Volume Forecast by Type
10.7.1. Vinyl carbonate
10.7.2. Propylene carbonate
10.7.3. Diethyl carbonate
10.7.4. Dimethyl carbonate
10.7.5. Methyl ethyl carbonate
10.7.6. Lithium hexafluorophosphate
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-ion Battery Electrolyte Demand Share Forecast, 2019-2029
11. Europe Lithium-ion Battery Electrolyte 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-ion Battery Electrolyte 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-ion Battery Electrolyte Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Electronics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lithium-ion Battery Electrolyte Market Size and Volume Forecast by Type
11.7.1. Vinyl carbonate
11.7.2. Propylene carbonate
11.7.3. Diethyl carbonate
11.7.4. Dimethy carbonate
11.7.5. Methyl ethyl carbonate
11.7.6. Lithium hexafluorophosphate
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 Lithium-ion Battery Electrolyte Demand Share, 2019-2029
12. Asia Pacific Lithium-ion Battery Electrolyte 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-ion Battery Electrolyte 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-ion Battery Electrolyte Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Electronics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lithium-ion Battery Electrolyte Market Size and Volume Forecast by Type
12.7.1. Vinyl carbonate
12.7.2. Propylene carbonate
12.7.3. Diethyl carbonate
12.7.4. Dimethyl carbonate
12.7.5. Methyl ethyl carbonate
12.7.6. Lithium hexafluorophosphate
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-ion Battery Electrolyte Demand Share, 2019-2029
13. Middle East & Africa Lithium-ion Battery Electrolyte 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-ion Battery Electrolyte 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-ion Battery Electrolyte Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Electronics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lithium-ion Battery Electrolyte Market Size and Volume Forecast by Type
13.7.1. Vinyl carbonate
13.7.2. Propylene carbonate
13.7.3. Diethyl carbonate
13.7.4. Dimethyl carbonate
13.7.5. Methyl ethyl carbonate
13.7.6. Lithium hexafluorophosphate
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-ion Battery Electrolyte Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Lithium-ion Battery Electrolyte Market: Market Share Analysis
14.2. Lithium-ion Battery Electrolyte Distributors and Customers
14.3. Lithium-ion Battery Electrolyte Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsubishi Chemical
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.
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
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
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
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Panax-Etec
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LG Chem
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BASF e-mobility
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Guotai Huarong
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TIANJIN JINNIU
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dongguan Shanshan(DGSS)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CAPCHEM
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Guangzhou Tinci
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
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
