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Global LiFSI Market Insights, Forecast to 2028 | Valuates Reports

07-06-2023 04:05 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

LiFSI Market

Due to the COVID-19 pandemic, the global LiFSI market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period.

Download Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-10B8459/Global_LiFSI_Market_Insights_Forecast_to_2028

LiFSI, which is used in electric cars and energy storage lithium-ion power batteries, is widely acknowledged as a new generation of lithium salt electrolyte material that will replace lithium hexafluorophosphate. The rising need for lithium-ion batteries across a number of industries, such as consumer electronics, electric cars, and energy storage, is what propels the LiFSI market. The development of renewable energy technology, government programs, and policies encouraging the use of clean energy, as well as continuous research and development activities, all play critical roles in fostering the growth of the LiFSI market.

Trends Influencing the Growth of the Global LiFSI Market

The LiFSI market is primarily driven by the rising demand for lithium-ion batteries in a variety of applications, including electric cars, portable devices, and renewable energy storage. In order to increase the performance, thermal stability, and safety of lithium-ion batteries, LiFSI is employed as an essential electrolyte addition in these energy storage systems. The demand for effective and large-capacity energy storage systems is being driven by the global transition towards renewable energy sources like solar and wind. Due to their higher performance and increased cycle life, lithium-ion batteries with LiFSI electrolyte additives are the best option for grid-scale energy storage and taming sporadic renewable energy production.

High-performance lithium-ion batteries are increasingly in demand as the transportation industry moves towards electric vehicles (EVs) as a more environmentally friendly option. With longer driving ranges, quicker charging times, and higher safety profiles made possible by LiFSI electrolyte additions, the market for these products is expanding at an accelerated rate. Governments all around the globe are putting laws and rules into place to encourage the use of sustainable energy and electric cars. The need for upgraded lithium-ion batteries with improved performance is being driven by incentives, subsidies, and goals for EVs and renewable energy sources, where LiFSI plays a crucial role as an electrolyte addition.

The need for lithium-ion batteries is being fueled by the growing consumer electronics sector, which includes smartphones, tablets, laptops, and wearable technology. LiFSI makes lithium-ion batteries more stable and secure, improving their suitability for usage in a variety of consumer electronics products. The LiFSI market is expanding as a result of ongoing research and development projects in the fields of energy storage and electrolyte chemistry. In an effort to further enhance the performance of lithium-ion batteries, researchers are constantly investigating novel formulations and use for LiFSI, which in turn promotes higher acceptance and market growth.

LiFSI Market Share

In the LiFSI industry, Asia Pacific is anticipated to account for a sizable market share. With nations like China, Japan, and South Korea dominating battery manufacture, the area has a significant influence in the lithium-ion battery market. The need for LiFSI as an electrolyte additive is driven by these nations' strong manufacturing bases for electric vehicles, consumer electronics, and renewable energy storage systems. The region's adoption of electric vehicles and increased emphasis on clean energy further help to explain LiFSI's market position in the Asia Pacific.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-10B8459/global-lifsi

Key Players
• Shokubai
• CHUNBO
• Kangpeng
• CAPCHEM
• Fortek
• Rongcheng Qingmu

By Type
• 9999
• 995

By Application
• Electrolyte Salt
• Antistatic Agent

Download Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-10B8459/Global_LiFSI_Market_Insights_Forecast_to_2028

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