Gel Polymer Electrolytes Market Current Top Trends | 3M, Ashland, Solvay

Gel Polymer Electrolytes Market Outlook 2031
• The global gel polymer electrolytes market was valued at US$ 10.6 Mn in 2021
• It is estimated to grow at a CAGR of 12.9% from 2022 to 2031
• The global gel polymer electrolytes market is expected to reach US$ 35.7 Mn by the end of 2031
Analysts' Viewpoint on Gel Polymer Electrolytes Market Scenario

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Companies in the gel polymer electrolytes market are focusing on industries such as lithium-ion batteries, fuel cells, and supercapacitors to keep their businesses growing post the COVID-19 pandemic. Lithium-ion batteries with liquid polymer electrolytes catch fire on overuse. Gel polymer electrolytes help overcome such challenges by providing properties of solid and liquid electrolytes. Gel polymer electrolytes also play a vital role in battery and power generation for providing sustainable and renewable energy to end products. Manufacturers need to experiment and develop nonflammable batteries with gel polymer electrolytes to broaden their revenue streams in the global gel polymer electrolytes market.

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Gel Polymer Electrolytes Market Introduction
Demand for gel polymer electrolytes has been rising, as they combine the advantages of liquid electrolytes and solid electrolytes such as safety and mechanical and thermal stability. Compared to conventional liquid and solid polymer electrolytes, they are omnipresent in cells, covering the pores of electrode material particles and even the pores of separators. As a result, in situ gel polymer electrolytes (GPEs) have no electrode/electrolyte contact issues. Companies in the global market are increasing their R&D in leakproof gel polymer electrolytes that help dissolve high concentrations of two lithium salts in water; and provide excellent water spill-proof, coolant, and good polymer matrix to remove liquid and solid components altogether.

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Regional Outlook of Global Gel Polymer Electrolytes Market
Asia Pacific held the largest volume share of 53.8% of the global gel polymer electrolytes market in 2021. The high share of the region was primarily attributed to the large demand for gel polymer electrolytes in lithium-ion batteries and fuel cell industries, which contributed 58.2% and 18.9% share, respectively, in Asia Pacific in 2021. China accounts for almost one-third of the overall gel polymer electrolytes market in Asia Pacific. North America and Europe are also key consumers of gel polymer electrolytes, which held value shares of 17.2% and 10.5%, respectively, in 2021. Supercapacitors and fuel cells are the fastest growing applications of gel polymer electrolytes in these regions. Latin America is a larger consumer of gel polymer electrolytes than the Middle East & Africa.

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Analysis of Key Players in Global Gel Polymer Electrolytes Market
The global gel polymer electrolytes market comprises small and large companies in the manufacturing sector. Small companies account for a prominent share of the market. Several companies are investing significantly in comprehensive research and development, primarily to develop more efficient products. Key vendors in gel polymer electrolytes market are grabbing incremental opportunities in a global market.
Diversification of product portfolios and mergers and acquisitions are key strategies adopted by prominent players. 3M, Ashland, Solvay, LG Chem, GVS Filter Technology, Arkema, EVONIK, Nippon Shokubai Co. Ltd, Zhejiang Fluorine, SUMITOMO SEIKA CHEMICALS CO. LTD, Chemtex Speciality Limited, SEKISUI CHEMICAL CO., LTD, Vinythai Public Co., Ltd, and VESTOLIT GmbH & Co. KG are key entities operating in this market.

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