Lithium-Ion Battery Electrolyte Additives Market Forecast 2024-2030: Essential Data for Business Investment

Lithium-Ion Battery Electrolyte Additives Market Size

The global Lithium-Ion Battery Electrolyte Additives market was valued at US$ 1397 million in 2023 and is anticipated to reach US$ 2942.7 million by 2030, witnessing a CAGR of 11.3% during the forecast period 2024-2030.

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Lithium-Ion Battery Electrolyte Additives Market

There are many kinds of additives for lithium battery electrolyte, which account for a small proportion of mass in the electrolyte and have a high unit value, which can optimize various properties of the electrolyte, such as electrical conductivity, flame retardant performance, overcharge protection, rate performance, etc. Based on the different characteristics of various types of batteries and the continuous pursuit of energy, power, cycle, safety and other performances of batteries, the importance of additives is particularly prominent. It can even be said that the research and development and application of additives will become the core competitiveness of electrolyte enterprises. The use of electrolyte additives is a low-cost and high-efficiency method to improve battery cycle life and safety, and a small amount of additives can improve the effect.

China's policy on lithium-ion batteries mainly focuses on lithium-ion batteries. In 2015, in order to strengthen the management of lithium-ion battery industry and improve the development level of the industry, China formulated the Standard of Lithium-ion Battery Industry. the global sales of new energy vehicles reached 10.8 million units in 2022, with a year-on-year increase of 61.6%. In 2022, China new energy vehicle sales reached 6.8 million units, and the global share increased to 63.6%. In Q4 2022, sales penetration rate of China's new energy vehicle reached 27%, while the global average penetration rate was only 15%. Europe penetration was 19%, and North America penetration rate was only 6%. Lithium batteries will fully benefit from the high growth of downstream demand. According to the Ministry of Industry and Information Technology, China's lithium-ion battery production reached 750 GWh in 2022, up more than 130 percent year on year. Among them, the output of lithium energy storage battery exceeded 100 GWh, and the total output value of the industry exceeded 1.2 trillion yuan. The industrial application of lithium battery was also growing rapidly. In 2022, the loading capacity of new energy vehicle power battery was about 295 GWh, and the new energy vehicle power battery was about 295 GWh. According to our research, in 2022, the overall global lithium-ion battery shipments were 957GWh, a year-on-year increase of 70%. Global vehicle power battery (EV LIB) shipments were 684GWh, a year-on-year increase of 84%; Energy storage battery (ESS LIB) shipments were 159.3GWh, a year-on-year increase of 140%.

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This report aims to provide a comprehensive presentation of the global market for Lithium-Ion Battery Electrolyte Additives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lithium-Ion Battery Electrolyte Additives.

By Type
•
Film-Forming Additives
• Flame Retardant Additives
• High and Low Temperature Additives

By Application
• New Energy Vehicles
• Computer
• Electric Bicycle

Key Companies
Panasonic, SONY, Samsung SDI, LG Chem, Mitsubishi Chemical, BYD, PENOX, 3M, Cabot, HOPAX, SGL Carbon, Hammond Group, ALTANA, Orion Engineered Carbons, HSC New Energy Materials, Hicomer New Material, Tinci Materials Technology, Rongcheng Qing Mu High-Tech Materials, HUAYI NEW ENERGY TECHNOLOGY, Shenzhen Capchem Technology, Shanshan, Guotai Huarong New Chemical Materials

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This release was published on openPR.