Lithium-Sulfur Battery Market Set for Massive Growth at a CAGR of 34.9% by 2031 | OXIS Energy (Johnson Matthey), Sion Power, PolyPlus

Los Angeles, United States - QY Research has released a new publication titled "Global Lithium-Sulfur Battery Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Lithium-Sulfur Battery industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

The global market for Lithium-Sulfur Battery was estimated to be worth US$ 58.1 million in 2024 and is forecast to a readjusted size of US$ 460 million by 2031 with a CAGR of 34.9% during the forecast period 2025-2031.

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Market Overview -

The study provides verified historical data and forward-looking projections, offering readers a clear understanding of how the Lithium-Sulfur Battery market is expected to expand through 2031. Using accurate and validated data sources, the report answers key questions related to market size, growth patterns, strategic initiatives, and future investment potential.

The lithium-sulfur battery (Li-S battery) is a type of rechargeable battery, notable for its high specific energy.The low atomic weight of lithium and moderate atomic weight of sulfur means that Li-S batteries are relatively light (about the density of water).

Global key players of lithium-sulfur battery include OXIS Energy (Johnson Matthey), Sion Power, PolyPlus, etc. The top three players hold a share about 81%. Europe is the largest producer, has a share about 68%, followed by North America, with share 32%. The largest market is Europe, with a share about 67%, followed by North America and Asia-Pacific, with share 30% and 2%, separately.

Market Drivers, Challenges & Restraints -

Analysis of driving factors of lithium-sulfur battery market

1. Energy density revolution: theoretical performance breaks bottleneck

Theoretical advantage: The theoretical energy density of lithium-sulfur battery reaches 2600 Wh/kg (existing lithium battery is about 300 Wh/kg), which can support electric vehicles to exceed 1000 kilometers of endurance.

Technical breakthrough:

Sulfur cathode modification: The volume expansion is suppressed by carbon nanotubes and graphene composite structure (up to 80%), and the cycle life is increased to 800 times (laboratory data in 2023).

Polysulfide anchoring: The shuttle effect is reduced by 70% by using metal oxides (such as TiO2) or MOF materials.

Application scenario adaptation: electric aviation (such as vertical take-off and landing aircraft), deep-sea probes and other scenarios that require high energy density.

2. Resource security and cost advantages

Rich sulfur reserves: The abundance of the earth's crust is 0.048% (cobalt is only 0.001%), and the price is only 1/50 of lithium.

Supply chain simplification: No need for scarce metals such as cobalt and nickel, reducing geopolitical risks.

Cost potential: After scale-up, the cost of battery cells may be less than $0.05/Wh (lithium battery is about $0.1/Wh).

3. Policies and carbon neutrality goals force innovation

EU battery regulations: require that the carbon footprint of batteries be reduced by 35% by 2030, and the carbon emissions of sulfur cathode production are 60% lower than those of nickel, cobalt and manganese.

China's strategic support:

The "New Energy Vehicle Industry Development Plan" clearly supports new battery technologies, and lithium-sulfur battery companies can receive 20-30% research and development subsidies.

2025 goal: to achieve a localization rate of more than 80% for key materials for sulfur-based batteries.

4. Energy storage market explosion: long-term energy storage economy highlights

Gravity energy storage competes with flow batteries:

The energy density of lithium-sulfur batteries is 5-10 times that of flow batteries, and the floor space is reduced by 70%.

Suitable for long-term energy storage scenarios (>10 hours), LCOS (levelized cost of electricity) is as low as 0.08 yuan/Wh.

Wind and solar storage demand: The global energy storage market is expected to reach 1.3 trillion yuan in 2030, and lithium-sulfur batteries may account for 15% of the market share.

5. Acceleration of technology integration and industrial collaboration

Solid-state battery technology grafting:

Sulfide solid electrolytes are highly compatible with lithium-sulfur battery cathodes, which can simultaneously solve safety and energy density problems.

Industry chain integration:

Chemical giants such as Sinopec and BASF have deployed sulfur refining technology with a purity of 99.98% (meeting battery-level requirements).

Heading battery factories such as CATL and Xinwanda have established pilot lines and may achieve GWh-level mass production in 2025.

6. Capital and patent layout are heating up

Investment trends:

Global lithium-sulfur battery financing will exceed US$1.2 billion in 2023, and venture capital institutions such as Softbank and Sequoia will increase investment in early projects.

Patent distribution: China accounts for 42% of global lithium-sulfur battery patents (28% in the United States and 15% in Japan), and the Chinese Academy of Sciences and Tsinghua University lead basic research.

7. Special field replacement demand

Adaptation to low temperature environment: The capacity retention rate of lithium-sulfur battery at -40°C exceeds 75% (lithium battery is about 40%).

Flexible electronics: Bendable sulfur positive electrode is adapted to wearable devices, and the energy density is 30% higher than that of solid-state lithium battery.

Major Company Included: -

OXIS Energy (Johnson Matthey)
Sion Power
PolyPlus
Sony
LG Chem Ltd
Reactor Institute Delft
Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences
Shanghai Research Institute of Silicate
Stanford University
Daegu Institute of science and technology, Korea
Monash University
Gwangju Institute of Science and Technology
Kansai University

The competitive section of the report provides essential insights needed for companies to strengthen their market positioning. It highlights the strategies adopted by leading players-covering innovation, pricing models, marketing channels, distribution networks, and regional expansion. This evaluation enables market participants to identify competitive advantages and understand challenges that may affect their long-term performance.

Market Segmentation -

The report presents a granular breakdown of the global Lithium-Sulfur Battery market, emphasizing CAGR, market share, future potential, and emerging trends across each segment.

By Type

High Energy Density Lithium Sulfur Battery
Low Energy Density Lithium Sulfur Battery

By Application

Aviation
Automotive
Others

This segmentation helps identify high-growth niches and valuable investment opportunities across product types and applications.

Regional Analysis -

The report offers a detailed geographic assessment covering four major regions and key contributing countries. Insights include consumption patterns, production levels, market share distribution, and long-term growth prospects.

North America

United States

Canada

Mexico

Latin America

Brazil

Other key regional markets

Asia-Pacific

China

Japan

India

South Korea

ASEAN Countries

Europe, Middle East & Africa (EMEA)

Germany

France

United Kingdom

GCC Countries

African Nations

The analysis spans from 2024 (base year) to 2031 (forecast period).

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Why This Report Is Essential -

✔ Complete Historical & Forecast Analysis (2020-2031)
✔ Detailed Segmentation by Type, Application & Region
✔ In-Depth Competitive Landscape & Company Profiling
✔ Drivers, Restraints & Market Dynamics Explained
✔ Expert Insights to Support Strategic Planning

Report Objectives -

Measure the global Lithium-Sulfur Battery market size (value & volume).

Accurately analyze market shares, consumption trends, and segment performance.

Examine major market dynamics and industry-shaping forces.

Identify and discuss key production, revenue, and sales trends.

Profile top market players and evaluate their competitive strategies.

Review manufacturing practices, pricing structures, and cost trends.

Compare regional and national market performance across key geographies.

Forecast segment-wise and region-wise growth opportunities through 2031.

Key Questions Answered in the Report -

What is the size and estimated growth rate of the global and regional Lithium-Sulfur Battery market?

Which countries are expected to display the strongest growth?

Which region will dominate the market throughout the forecast period?

What are the main factors driving or restraining market expansion?

What technological advancements are shaping future demand?

Where are the key opportunities for new entrants and established players?

Which companies currently hold the highest market share?

How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Lithium-Sulfur Battery Product Introduction
1.2 Global Lithium-Sulfur Battery Market Size Forecast
1.2.1 Global Lithium-Sulfur Battery Sales Value (2020-2031)
1.2.2 Global Lithium-Sulfur Battery Sales Volume (2020-2031)
1.2.3 Global Lithium-Sulfur Battery Sales Price (2020-2031)
1.3 Lithium-Sulfur Battery Market Trends & Drivers
1.3.1 Lithium-Sulfur Battery Industry Trends
1.3.2 Lithium-Sulfur Battery Market Drivers & Opportunity
1.3.3 Lithium-Sulfur Battery Market Challenges
1.3.4 Lithium-Sulfur Battery Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Lithium-Sulfur Battery Players Revenue Ranking (2024)
2.2 Global Lithium-Sulfur Battery Revenue by Company (2020-2025)
2.3 Global Lithium-Sulfur Battery Players Sales Volume Ranking (2024)
2.4 Global Lithium-Sulfur Battery Sales Volume by Company Players (2020-2025)
2.5 Global Lithium-Sulfur Battery Average Price by Company (2020-2025)
2.6 Key Manufacturers Lithium-Sulfur Battery Manufacturing Base and Headquarters
2.7 Key Manufacturers Lithium-Sulfur Battery Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Lithium-Sulfur Battery
2.9 Lithium-Sulfur Battery Market Competitive Analysis
2.9.1 Lithium-Sulfur Battery Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Lithium-Sulfur Battery Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Lithium-Sulfur Battery as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 High Energy Density Lithium Sulfur Battery
3.1.2 Low Energy Density Lithium Sulfur Battery
3.2 Global Lithium-Sulfur Battery Sales Value by Type
3.2.1 Global Lithium-Sulfur Battery Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Lithium-Sulfur Battery Sales Value, by Type (2020-2031)
3.2.3 Global Lithium-Sulfur Battery Sales Value, by Type (%) (2020-2031)
3.3 Global Lithium-Sulfur Battery Sales Volume by Type
3.3.1 Global Lithium-Sulfur Battery Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Lithium-Sulfur Battery Sales Volume, by Type (2020-2031)
3.3.3 Global Lithium-Sulfur Battery Sales Volume, by Type (%) (2020-2031)
3.4 Global Lithium-Sulfur Battery Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Aviation
4.1.2 Automotive
4.1.3 Others
4.2 Global Lithium-Sulfur Battery Sales Value by Application
4.2.1 Global Lithium-Sulfur Battery Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Lithium-Sulfur Battery Sales Value, by Application (2020-2031)
4.2.3 Global Lithium-Sulfur Battery Sales Value, by Application (%) (2020-2031)
4.3 Global Lithium-Sulfur Battery Sales Volume by Application
4.3.1 Global Lithium-Sulfur Battery Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Lithium-Sulfur Battery Sales Volume, by Application (2020-2031)
4.3.3 Global Lithium-Sulfur Battery Sales Volume, by Application (%) (2020-2031)
4.4 Global Lithium-Sulfur Battery Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Lithium-Sulfur Battery Sales Value by Region
5.1.1 Global Lithium-Sulfur Battery Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Lithium-Sulfur Battery Sales Value by Region (2020-2025)
5.1.3 Global Lithium-Sulfur Battery Sales Value by Region (2026-2031)
5.1.4 Global Lithium-Sulfur Battery Sales Value by Region (%), (2020-2031)
5.2 Global Lithium-Sulfur Battery Sales Volume by Region
5.2.1 Global Lithium-Sulfur Battery Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Lithium-Sulfur Battery Sales Volume by Region (2020-2025)
5.2.3 Global Lithium-Sulfur Battery Sales Volume by Region (2026-2031)
5.2.4 Global Lithium-Sulfur Battery Sales Volume by Region (%), (2020-2031)
5.3 Global Lithium-Sulfur Battery Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Lithium-Sulfur Battery Sales Value, 2020-2031
5.4.2 North America Lithium-Sulfur Battery Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Lithium-Sulfur Battery Sales Value, 2020-2031
5.5.2 Europe Lithium-Sulfur Battery Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Lithium-Sulfur Battery Sales Value, 2020-2031
5.6.2 Asia Pacific Lithium-Sulfur Battery Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Lithium-Sulfur Battery Sales Value, 2020-2031
5.7.2 South America Lithium-Sulfur Battery Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Lithium-Sulfur Battery Sales Value, 2020-2031
5.8.2 Middle East & Africa Lithium-Sulfur Battery Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Lithium-Sulfur Battery Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Lithium-Sulfur Battery Sales Value and Sales Volume
6.2.1 Key Countries/Regions Lithium-Sulfur Battery Sales Value, 2020-2031
6.2.2 Key Countries/Regions Lithium-Sulfur Battery Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Lithium-Sulfur Battery Sales Value, 2020-2031
6.3.2 United States Lithium-Sulfur Battery Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Lithium-Sulfur Battery Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Lithium-Sulfur Battery Sales Value, 2020-2031
6.4.2 Europe Lithium-Sulfur Battery Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Lithium-Sulfur Battery Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Lithium-Sulfur Battery Sales Value, 2020-2031
6.5.2 China Lithium-Sulfur Battery Sales Value by Type (%), 2024 VS 2031
6.5.3 China Lithium-Sulfur Battery Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Lithium-Sulfur Battery Sales Value, 2020-2031
6.6.2 Japan Lithium-Sulfur Battery Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Lithium-Sulfur Battery Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Lithium-Sulfur Battery Sales Value, 2020-2031
6.7.2 South Korea Lithium-Sulfur Battery Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Lithium-Sulfur Battery Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Lithium-Sulfur Battery Sales Value, 2020-2031
6.8.2 Southeast Asia Lithium-Sulfur Battery Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Lithium-Sulfur Battery Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Lithium-Sulfur Battery Sales Value, 2020-2031
6.9.2 India Lithium-Sulfur Battery Sales Value by Type (%), 2024 VS 2031
6.9.3 India Lithium-Sulfur Battery Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 OXIS Energy (Johnson Matthey)
7.1.1 OXIS Energy (Johnson Matthey) Company Information
7.1.2 OXIS Energy (Johnson Matthey) Introduction and Business Overview
7.1.3 OXIS Energy (Johnson Matthey) Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 OXIS Energy (Johnson Matthey) Lithium-Sulfur Battery Product Offerings
7.1.5 OXIS Energy (Johnson Matthey) Recent Development
7.2 Sion Power
7.2.1 Sion Power Company Information
7.2.2 Sion Power Introduction and Business Overview
7.2.3 Sion Power Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Sion Power Lithium-Sulfur Battery Product Offerings
7.2.5 Sion Power Recent Development
7.3 PolyPlus
7.3.1 PolyPlus Company Information
7.3.2 PolyPlus Introduction and Business Overview
7.3.3 PolyPlus Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 PolyPlus Lithium-Sulfur Battery Product Offerings
7.3.5 PolyPlus Recent Development
7.4 Sony
7.4.1 Sony Company Information
7.4.2 Sony Introduction and Business Overview
7.4.3 Sony Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Sony Lithium-Sulfur Battery Product Offerings
7.4.5 Sony Recent Development
7.5 LG Chem Ltd
7.5.1 LG Chem Ltd Company Information
7.5.2 LG Chem Ltd Introduction and Business Overview
7.5.3 LG Chem Ltd Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 LG Chem Ltd Lithium-Sulfur Battery Product Offerings
7.5.5 LG Chem Ltd Recent Development
7.6 Reactor Institute Delft
7.6.1 Reactor Institute Delft Company Information
7.6.2 Reactor Institute Delft Introduction and Business Overview
7.6.3 Reactor Institute Delft Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Reactor Institute Delft Lithium-Sulfur Battery Product Offerings
7.6.5 Reactor Institute Delft Recent Development
7.7 Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences
7.7.1 Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences Company Information
7.7.2 Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences Introduction and Business Overview
7.7.3 Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences Lithium-Sulfur Battery Product Offerings
7.7.5 Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences Recent Development
7.8 Shanghai Research Institute of Silicate
7.8.1 Shanghai Research Institute of Silicate Company Information
7.8.2 Shanghai Research Institute of Silicate Introduction and Business Overview
7.8.3 Shanghai Research Institute of Silicate Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Shanghai Research Institute of Silicate Lithium-Sulfur Battery Product Offerings
7.8.5 Shanghai Research Institute of Silicate Recent Development
7.9 Stanford University
7.9.1 Stanford University Company Information
7.9.2 Stanford University Introduction and Business Overview
7.9.3 Stanford University Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Stanford University Lithium-Sulfur Battery Product Offerings
7.9.5 Stanford University Recent Development
7.10 Daegu Institute of science and technology, Korea
7.10.1 Daegu Institute of science and technology, Korea Company Information
7.10.2 Daegu Institute of science and technology, Korea Introduction and Business Overview
7.10.3 Daegu Institute of science and technology, Korea Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Daegu Institute of science and technology, Korea Lithium-Sulfur Battery Product Offerings
7.10.5 Daegu Institute of science and technology, Korea Recent Development
7.11 Monash University
7.11.1 Monash University Company Information
7.11.2 Monash University Introduction and Business Overview
7.11.3 Monash University Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Monash University Lithium-Sulfur Battery Product Offerings
7.11.5 Monash University Recent Development
7.12 Gwangju Institute of Science and Technology
7.12.1 Gwangju Institute of Science and Technology Company Information
7.12.2 Gwangju Institute of Science and Technology Introduction and Business Overview
7.12.3 Gwangju Institute of Science and Technology Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Gwangju Institute of Science and Technology Lithium-Sulfur Battery Product Offerings
7.12.5 Gwangju Institute of Science and Technology Recent Development
7.13 Kansai University
7.13.1 Kansai University Company Information
7.13.2 Kansai University Introduction and Business Overview
7.13.3 Kansai University Lithium-Sulfur Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Kansai University Lithium-Sulfur Battery Product Offerings
7.13.5 Kansai University Recent Development
8 Industry Chain Analysis
8.1 Lithium-Sulfur Battery Industrial Chain
8.2 Lithium-Sulfur Battery Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Lithium-Sulfur Battery Sales Model
8.5.2 Sales Channel
8.5.3 Lithium-Sulfur Battery Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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