Scope of the Study
Increasing demand of lithium ion battery is driving the market of lithium ion battery electrolyte. The transportation of positive lithium ions from anode to cathode and vice versa takes place through electrolyte. It is located between the anode and cathode to charge or discharge the battery. Electrolyte consists of soluble salts, acids or bases in different forms such as liquid, gelled or dry. Moreover, the increased usage in electric and hybrid electric vehicles are contributing to the demand of electrolyte.
The market study is being classified, by Application (Automotive, Electric Vehicle Battery (EVs), Portable Devices, Industrial, Residential, Transportation and Others) and major geographies with country level break-up.
Mitsubishi Chemical (Japan), BASF (Germany), Thermo fisher (United States), BYD (China), UBE Industries (Japan), Panax-Etec (South Korea), Soulbrain (South Korea), Mitsui Chemicals (Japan), Central Glass (Japan) and Shenzhen Capchem (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Guotai Huarong (China) and Guangzhou Tinci Materials (China).
Research Analyst at AMA predicts that Asia Pacific Manufacturers will contribute to the maximum growth of Global Lithium ion Battery Electrolyte market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Lithium ion Battery Electrolyte market by Type, Application and Region.
On the basis of geography, the market of Lithium ion Battery Electrolyte has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing demand of lighter, thinner and smaller products is fuelling the market growth. The lithium ion batteries are used in wide range of products such as mobile phones, laptops, cameras and electric vehicles which requires the lighter components to reduce the weight and increase the efficiency.
- Rising Disposable Income of Consumers
- Falling Prices of Lithium Ion Batteries
- Instability of Raw Materials may hamper the Growth
- Issues Related to Shipment of Lithium Ion Batteries
Market Leaders and their expansionary development strategies
In November 2018, solar edge has entered into the agreement to acquire stakes in Kokam Co., Ltd. Which is a provider of lithium ion battery cells. This acquisition helps the company to add the battery storage to product portfolio.
On 7th January 2020, Kyocera has planned to launch semisolid lithium ion battery. It will be available in 5 10 and 15 kWh.
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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