Lithium-ion Battery's Electrolyte Solvent Market Size, Trends, Outlook, Opportunity

SDKI Inc. published a new research report on "Lithium Ion Battery Electrolyte Solvent Market-Growth, Trends, Impact of COVID-19, and Forecast 2022-2030". The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2022-2030 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-114018

The lithium-ion battery electrolyte solvent market is expected to grow at a CAGR of 22% or higher during the forecast period.

Increasing demand from electric vehicle manufacturers and increasing demand from smartphone manufacturers are the main drivers of market growth. Emerging technologies in the manufacture of nonflammable solvents and the expansion of lithium-ion batteries in aerospace applications have the potential to provide manufacturers with many growth opportunities in the coming years. However, the potential dangers posed by the use of impure electrolyte solvents and the impact of the COVID-19 epidemic can hinder the growth of this market.

Market Segments

The Lithium Ion Battery Electrolyte Solvent Market is divided by solvent type (ethylene carbonate, diethyl carbonate, dimethyl carbonate, ethylmethyl carbonate, propylene carbonate, etc.) and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on the type of solvent, the dimethyl carbonate (DMC) segment is the largest and fastest growing segment during the forecast period. Dimethyl carbonate (DMC) is the most promising electrolyte solvent for lithium-ion batteries due to its inherent safety and robustness. Due to its high viscosity, commonly used organic solvents such as propylene and ethylene carbonate can limit the efficiency of the lithium electrochemical cycle. DMC solves this problem due to its good solvation of lithium ions and its low viscosity.

Area overview

In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. The Asia-Pacific region has the largest share of the world market, with China dominating global demand. China is the world's largest producer of lithium-ion batteries. In 2019, the world's lithium battery production capacity exceeded 316 gigawatt hours (GWh). China is estimated to own more than 70% of this capacity, which accounts for a significant share of the global lithium-ion battery electrolyte solvent market demand. However, because of COVID-19, the country has recently been dealing with a slowdown. CATL and BYD, China's leading lithium-ion manufacturers, face the potential for further production delays. China's attempts to combat the coronavirus epidemic have delayed production at many battery production facilities in major coronavirus-hit states. However, most Chinese battery manufacturers have resumed production, suggesting a partial recovery in demand for electrolyte solvents for lithium-ion batteries later this year.

For more detailed analysis, each region is further divided into countries:
Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific)
North America (US and Canada)
Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
Latin America (Brazil, Mexico, Argentina, and other Latin America)
Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Key Players on the Market

Lithium Ion Battery Electrolyte Solvents Lead players on the market include Ube Industries Ltd, Kindun Chemical Co. Limited, Oriental Union Chemical Corporation (OUCC), Dongwha Electrlyte, Shenzhen Capchem Technology Co. Ltd, Lixing. Chemical, Huntsman International LLC, etc. The study includes a detailed competitive analysis of these major companies in the lithium-ion battery electrolyte solvent market, corporate profiles, recent developments, and key market strategies.

Details of the survey report
https://www.sdki.jp/reports/lithium-ion-batterys-electrolyte-solvent-market/114018

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This release was published on openPR.