Lithium-ion Battery's Electrolyte Solvent Market Outlook and Deep Study of Top Top Key Players- Ube Industries Ltd, Kindun Chemical Co. Limited, Oriental Union Chemical Corporation (OUCC)

Lithium-ion Battery's Electrolyte Solvent Market by Component, Application, Services, and Region- Forecast to 2027

The Lithium-ion Battery's Electrolyte Solvent market will grow from USD 102.36 Billion in 2017 to USD 121.77 Billion by 2027, at an estimated CAGR of 3.53%.

The Global Lithium-ion Battery's Electrolyte Solvent Market Research Report 2021-2027 is a significant source of keen information for business specialist. A report published by Market Insights Reports is an overall investigation and thorough information in regards to the market size and market elements of the Lithium-ion Battery's Electrolyte Solvent. It furnishes the business outline with development, historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the worth chain and its wholesaler examination. The Lithium-ion Battery's Electrolyte Solvent market study gives extensive information which upgrades the agreement, degree, and use of this report. This is a latest report, covering the COVID-19 impact on the market.

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Top Companies in the Global Lithium-ion Battery's Electrolyte Solvent Market are - Ube Industries Ltd, Kindun Chemical Co. Limited, Oriental Union Chemical Corporation (OUCC), Dongwha Electrlyte, Shenzhen Capchem Technology Co. Ltd, Lixing Chemical, and Huntsman International LLC

On the flipside, potential hazards caused by using impure electrolyte solvent and the impact of the COVID-19 outbreak are projected to hinder the growth of the market studied to some extent.

- Emerging technologies in the production of non-flammable solvents and the increasing scope of lithium-ion batteries in aerospace applications are likely to provide numerous opportunities for the manufacturers in the future.

- Asia-Pacific accounted for the largest share across the globe, with China clearly dominating the global demand.

Key Market Trends On Lithium-ion Battery's Electrolyte Solvent Market-

Dimethyl Carbonate (DMC) - the Largest and Fastest Growing Segment

- Dimethyl carbonate (DMC) is a most promising electrolyte solvent for lithium-ion battery, owing to its inherent safety and robustness. Commonly used organic solvents, like propylene or ethylene carbonates, have an issue because of their high viscosity, which limits the efficiency of the lithium electrochemical cycle. DMC has good solvation of lithium ions and a low viscosity, which eliminates that issue.

- Commercial processes for producing DMC include the phosgene route, liquid-phase methanol oxycarbonylation (a process developed by Enichem), and methylnitrite carbonylation (developed by UBE).

- Ube Industries Ltd is the largest supplier of diethyl carbonate, with a production capacity of nearly 175,000 metric tons per annum. Kindun Chemical Co. Limited, Shenzhen Capchem, and Dongwha Electrlyte are the other major players involved in the production of this solvent type.

- As Teslas Shanghai Gigafactory 3 entered its production phase in October 2019, the price of dimethyl carbonate started to rise in China, which is the largest market for lithium-ion battery electrolyte solvent, holding more than 70% of the market share.

- The DMC segment is expected to achieve the highest growth rate over the forecast period.

Regional Analysis On Lithium-ion Battery's Electrolyte Solvent Market-

China, the Global Leader in Li-ion Battery Production

- China is the worlds largest economy in terms of PPP(Purchasing Power Parity). However, it is the second-largest economy when calculated in terms of nominal GDP. The countrys growth has been slowing in the past few years and is estimated to have recorded a 6% GDP growth in 2019, which is the slowest rate in countries economic history since 1990. This growth rate is moderating due to the maturing of the Chinese economy combined with tensions over the US-China trade disputes.

- However, the novel coronavirus (COVID-19) outbreak has caused a slowdown of Chinas economic growth as well as its manufacturing sector. The majority of the factories remain closed or are not able to attain full production capacity due to a shortage of staff and raw materials. This is expected to have a negative impact on the demand for the market studied in the short run.

The market studied is consolidated in nature. The top companies have been utilizing competitive strategies and investments to retain and expand their shares. The top seven players, namely Ube Industries Ltd, Kindun Chemical Co. Limited, Oriental Union Chemical Corporation (OUCC), Dongwha Electrlyte, Shenzhen Capchem Technology Co. Ltd, Lixing Chemical, and Huntsman International LLC, accounting for almost 78% of the market studied.

Prime Takeaways on Lithium-ion Battery's Electrolyte Solvent Market Report:

Value chain analysis, which is combined with competitive landscape of key players of the Lithium-ion Battery's Electrolyte Solvent market.
Market size and forecast of the Lithium-ion Battery's Electrolyte Solvent market for the period from 2021 to 2027.
Global presence of the market, market dynamics and evaluation by upstream and downstream of raw materials.
CAGR% for individual segments in various regional markets for a period from 2021 to 2027.

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Geographic Coverage of Lithium-ion Battery's Electrolyte Solvent Market Report-

The Lithium-ion Battery's Electrolyte Solvent report contains detailed country-level analysis, market revenue, market value and forecast analysis of Lithium-ion Battery's Electrolyte Solvent Market (2016-2027) of these regions are covered:

North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, etc.)
Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

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