Lithium Hexafluorophosphate for Lithium Ion Battery Market Size, Trends, Growth Analysis, and Forecast | Valuates Reports

Lithium Hexafluorophosphate for Lithium Ion Battery - Market Size

The global market for Lithium Hexafluorophosphate for Lithium Ion Battery was estimated to be worth US$ 1196 million in 2023 and is forecast to a readjusted size of US$ 6814.8 million by 2030 with a CAGR of 23.0% during the forecast period 2024-2030

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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%.

By Type
• More than 99.9%
• More than 99.98%

By Application
• Electrical Vehicles
• Consumer Electronics

Key Companies
DuoFuDuo, Tinci Materials Technology, Xintai Material Technology, Morita New Energy Materials, Jiangsu Jiujiujiu Technology, Hubei Hongyuan, Yongtai Technology, Stella Chemifa, Kanto Denka, Foosung, NGF Chemical, Tianjin Jinniu

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This release was published on openPR.