Global Battery Electrolyte MarketBattery Electrolyte Market: Industry Analysis and Forecast (2018-2026) –By Electrolyte Type, Battery Type, End-Users and Region.
Global battery electrolyte market size was valued at US$ 3.7 Bn in 2017 and is expected to reach US$ 7.0 Bn by 2026 to exhibit a CAGR of 8.3 % during a forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global battery electrolyte market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global battery electrolyte market.
For More Information about Report Visit here
An electrode is an electrical conductor used to create contact with a nonmetallic part of a circuit. Electrodes are usually made of metals like platinum and zinc. As great conductors of current, they are found in electrical devices such as batteries and electrolytic cells. In a lithium-ion battery, high purity electrolytes are a core component. Electrolytes are necessary to have high ionic conductivity, negligible electronic conductivity, and superior chemical & electrochemical stability.
Rising demand for electric vehicles, growing awareness about renewable energy storage, and increasing acceptance of consumer electronics are boosting the growth of the market. Growth in the demand for smart devices and other consumer electronics are also propelling the growth of the market. Rising research activities to develop new electrolytes and growth in local electrolyte manufacturers for lead & lithium-ion batteries in the Asia Pacific region are key opportunities of the market. However, the dearth of government subsidies & incentives for lithium-ion battery manufacturers in emerging markets is the major challenge of the market. Insufficient charging infrastructure is limiting the growth of the market.
The lithium-ion battery electrolyte type segment is projected to grow at a higher CAGR in the global battery electrolyte market during the forecast period, owing to the growing adoption of electric vehicle battery (Evs) and the electric vehicles initiative (EVI). Lead acid batteries are highly inefficient for both charge & discharge and a fast voltage drop during discharge that decreases the total capacity of the battery. Lithium-ion batteries nearly solve the efficiency issue and the lithium-ion solar battery achieve almost a 100% discharge while utilizing a lead-based battery, you'll see it never releases over 80%. Lithium-ion batteries are one-third the weight of lead-acid batteries, and in terms of voltage, they maintain their voltage throughout the entire discharge cycle. Lithium-ion batteries are cleaner technology and are safer for the environment.
Solid-state electrolytes are the next-generation safer alternative in the lithium-ion battery because it prevents the dendrites formation and avoids short circuits. Solid electrolyte has a longer life cycle as compared to liquid electrolyte. The solid electrolyte is safer to use as risks such as spilling, boiling, and gassing does not exist. Solid-state batteries are expected to gain adoption mainly in automotive and energy storage applications.
Asia Pacific region is expected to the largest market for battery electrolyte in the world. The market for battery electrolyte is increasing owing to the increased demand from various end-use industries, such as electric vehicle battery (Evs), energy storage, and portable consumer electronics. The demand for battery electrolyte is also rising in the Asia Pacific region, due to the growing number of telecom towers, increasing alertness on clean energy generation. Rising electrification drive in developing countries, increasing automobiles sales, and growing demand for industrial storage & dropping solar energy prices, etc. are expected to drive the battery electrolyte in the world during the forecast period.
The Scope of Global Battery Electrolyte Market
Global Battery Electrolyte Market, By Electrolyte Type
• Liquid Electrolyte
• Solid Electrolyte
• Gel Electrolyte
Global Battery Electrolyte Market, By Battery Type
Global Battery Electrolyte Market, By End-Users
• Electric Vehicle Battery (EVs)
• Portable Devices
The Key Players Operating In the Global Battery Electrolyte Market
• Advanced Electrolyte Technologies LLC
• American Elements
• BASF SE
• Daikin America
• Gelest Inc.
• GS Yuasa
• Guangdong Jinguang High-Tech Co. Ltd.
• Guangzhou Tinci Materials Technology Co. Ltd.
• Johnson Controls
• LG Chem
• Mitsubishi Chemicals Corporation
• Nohms Technologies
• Ohara Corporation
• Panax Etec
• Shenzhen Capchem Technology Co. Ltd.
• Soulbrain Mi
• Stella Chemifa Corporation
• Tokyo Chemical Industry (TCI)
• Tomiyama Pure Chemical Industries
• Toshima Manufacturing Co. Ltd.
• UBE Industries
• Zhangjiagang Guotai Huarong Chemical New Material Co. Ltd.
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
For More Information about Report Visit here
Report Published by www.maximizemarketresearch.com MAXIMIZE MARKET RESEARCH
Manik Baug, Vadgaon Bk,
Pune, Maharashtra 411051, India.
+91 96071 95908
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Battery Electrolyte Market here
News-ID: 1580771 • Views: 135
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Automated Border Control (ABC) Market
Automated Border Control (ABC) Market is expected to reach 2273 Million by 2026 from 536.5 Million in 2017 at CAGR of 17.4% (Detailed analysis of the market CAGR is provided in the report). Automated Border Control Market (ABC) is an immigration control system proposed to satisfy the future border control needs of airports resulting from the rapid growth in the number of passengers worldwide. Automated Border Control Market (ABC) can
Global Driver Safety Systems Market
Global Driver Safety Systems Market was valued at US$ 23.02Bn in 2017 and is expected to reach US$ 102.10Bn by 2026, at a CAGR of 20.46% during a forecast period. Driver safety systems have been around for a long time, and they have already proven time and time again to result in an improved driving experience or better overall road safety. Major driving factors of the Driver Safety Systems market are crucial
Global Metallised Polyester Films Market
Global Metallised Polyester Films Market was valued at US$ XXX Mn in 2017 and is expected to reach US$ XXX Mn by 2026, at a CAGR of XX% during a forecast period. Global Metallised Polyester Films Market The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The
Global Humanoid Robot Market
Global Humanoid Robot Market was valued US$ 624.2 Mn in 2017 and is estimated to reach US$ 5, 455 Mn by 2026 at a CAGR of about 52.32% during a forecast period. Global humanoid robot market is segmented into the component, motion type, application, and region. On the basis of the component, a market is divided into hardware and software. based on motion type, the market is segmented into biped, wheel
More Releases for Electrolyte
Lithium-ion Battery Electrolyte Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Lithium-ion Battery Electrolyte Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-lithium-ion-battery-electrolyte-market_p130064.html Scope of the Report: The worldwide market for