Lithium-Ion Battery Electrolyte Solvent Market Expands with Rising EV and Energy Storage Demand | Valuates Reports

Lithium-ion Battery Electrolyte Solvent - Market Size
The global market for Lithium-ion Battery Electrolyte Solvent was estimated to be worth US$ 44710 million in 2023 and is forecast to a readjusted size of US$ 81290 million by 2030 with a CAGR of 6.3% during the forecast period 2024-2030

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Lithium-Ion Battery Electrolyte Solvent Market Trends

The Lithium-Ion Battery Electrolyte Solvent market size is growing steadily, driven by the increasing adoption of electric vehicles (EVs), consumer electronics, and grid energy storage solutions. Electrolyte solvents are essential for ensuring ion transport, battery efficiency, and long cycle life, making them a critical component in high-performance lithium-ion batteries. Advances in solvent purity, thermal stability, and low-viscosity formulations are further driving market growth, with ongoing research into non-flammable and eco-friendly alternatives.

Regarding market share, Asia-Pacific dominates the sector, led by China, Japan, and South Korea, which house major battery manufacturing and electrolyte production hubs. Europe and North America are also witnessing increased demand due to government policies promoting EV adoption, domestic battery production, and sustainability initiatives. Industry leaders are focusing on high-purity carbonate-based solvents, such as ethylene carbonate (EC), dimethyl carbonate (DMC), and propylene carbonate (PC), to enhance battery safety and energy density.

A detailed market analysis reveals that the industry is shifting toward high-performance and recyclable electrolyte solvents to meet growing environmental regulations and safety standards. With the push for longer-lasting, higher-energy-density, and fast-charging lithium-ion batteries, the Lithium-Ion Battery Electrolyte Solvent market revenue is expected to rise significantly, supported by technological innovations, strategic collaborations, and increased R&D investments in next-generation battery solutions.

Segment by Type:

• Ethylene Carbonate (EC)
• Diethyl Carbonate (DEC)
• Dimethyl Carbonate (DMC)
• Ethyl Methyl Carbonate (EMC)
• Propylene Carbonate (PC)
• Others

Segment by Application

• Power Backups/UPS
• Mobile, Laptops, and Other Commonly Used Consumer Electronic Goods
• Electric Mobility/Vehicles
• Energy Storage Systems
• Others

By Company

BASF, Mitsubishi, Ube Industries, Kishida Kagaku, FUJIFILM Wako Pure Chemical Corporation, TOAGOSEI, Huntsman, OUCC, Shandong Flying, Liaoyang Best Group, Chongqing Changfeng, Liaoning Huifu Chemical, Fushun Dongke Fine Chemical, Liaoyang Dongchang Chemical, Jiangsu U-prefer Biochemical Technology, Lixing Chemical, Haike Group, Shandong Shida Shenghua, Liaoning Ganglong Chemical, Yingkou Hengyang New Energy Chemical, GuangDong JinGuang High-Tech, Tongling Jintai Chemical Industrial

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