Lithium-ion Battery Electrolyte Market Insights 2021 by Size, Share, Pre COVID-19 and Post COVID-19 Market Scenario, Competitive Landscape, Key Regions and Forecast to 2027 -Mitsubishi Chemical, Ube Industries, Ltd., Mitsui Chemicals

The Lithium-ion Battery Electrolyte Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Lithium-ion Battery Electrolyte Market Size is Projected to Reach at a CAGR of 8% during 2021-2027.

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Market Overview:

The lithium-ion battery segment has dominated the market and is expected to be the largest segment for the battery electrolyte market during the forecast period, owing to increased use of electric vehicles and energy storage systems (ESS) for both commercial and residential applications, declining lithium-ion battery prices, and the increasing sale of consumer electronics.
With the decreasing cost of solar photovoltaic (PV) modules and associated systems along with supportive global initiatives to eliminate carbon emission and promote renewables, along with technological innovations in the battery electrolyte market, ample opportunities are spurred for the market players.
Asia-Pacific is the largest market and is also expected to be the fastest-growing during the forecast period, with the largest contribution coming from countries, such as China and India.

Top Leading 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, A.K.A Golden Light Hi-Tech

Recent Development:

Mitsubishi Chemical Holdings has acquired 3 companies, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset. Mitsubishi Chemical Holdings’ largest acquisition to date was in 2012 when it acquired Qualicaps Group for $655M. Mitsubishi Chemical Holdings has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include consumer products (34%) and life science (34%). Mitsubishi Chemical Holdings Group, serve our customers by using our chemistry-based technology platforms for the development of a wide range of technologies and products in the fields of performance products, healthcare, and industrial materials. Mitsubishi Chemical Holdings was founded in 2005 and is based in Tokyo, Japan.
Ube Industries, Ltd. (“Ube Industries”) and Mitsubishi Materials Corporation (“Mitsubishi Materials”) today
announced the signing of a definitive agreement between both companies (the “Definitive Agreement”) for
the integration of their respective cement businesses and related businesses (the “Integration”), scheduled to
be implemented around April 2022. The respective Board of Directors of Ube Industries and Mitsubishi
Materials made formal resolutions at their meetings today to implement the Integration. The signing of the
Definitive Agreement is pursuant to the announcement on February 12, 2020, by Ube Industries and
Mitsubishi Materials that they had signed a letter of intent to engage in specific discussions and study of the
Integration. The details of the Definitive Agreement and company split are as follows.

Lithium-ion Battery Electrolyte Market Segmentation by Type:

Vinyl carbonate
Propylene carbonate
Diethyl carbonate
Dimethyl carbonate
Methyl ethyl carbonate
Lithium hexafluorophosphate
Phosphorus pentafluoride

Lithium-ion Battery Electrolyte Market Segmentation by Application:

Automotive
Electronics
Other

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Asia-Pacific to Dominate the Market

The Asia-Pacific region dominated the global market share in 2018. The production of electrolytes is dominated majorly by Asian suppliers, with China leading the market, followed by Japan and South Korea.
As battery deployment is key to tackling intermittency associated with renewable power generation, the expansive renewable energy sector has created ample opportunities for electrolytes in batteries. The electric vehicles industry in the region is expanding on targets fixed by the governments which are fostering the demand for batteries.
Moreover, in India, the growing automobile sector, an increasing number of solar power projects, and continuous expansion of telecommunication infrastructure are expected to drive the demand for lead-acid batteries in the country, in turn driving the battery electrolyte market.
As of 2018, China is the largest market for electric vehicle and has registered 30 times faster growth in 2017 when compared to 2016. In 2017, the country had delivered 605,500 plug-in passenger cars including 24,800 imports. Thus, the extensive deployment of batteries in the Asia-Pacific region creates a large regional market for battery electrolytes across the world.

Regional Lithium-ion Battery Electrolyte Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Lithium-ion Battery Electrolyte Market Report:

Detailed overview of Lithium-ion Battery Electrolyte Market
Changing the Lithium-ion Battery Electrolyte market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Lithium-ion Battery Electrolyte market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Lithium-ion Battery Electrolyte Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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