Fairfield Market Research Battery Electrolyte Market Trends, Analysis, Statistics 2023-2030

Battery Electrolyte Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Preliminary research of Fairfield Market Research indicates a promising growth outlook for global battery electrolyte market during the course of next few years.

Growth in the Consumer Electronics Sector to Bode Well for Battery Electrolyte Market

Consumer electronics have gained space in daily life as a crucial part of the usual routine. For common individuals, it has become nearly impossible to do daily activities without the use of electronic appliances and gadgets. This has resulted in a momentous increase in sales of electronic appliances, in turn fuelling growth of the consumer electronics market. In addition, availability of new consumer electronic devices such as digital cameras, advanced laptops and gaming controls, flashlights and smartphones have influenced the growth of the consumer electronics industry. This factor is directly proportional to the demand for battery electrolyte as it is the main technology used in different batteries that supply power to electronic devices. In this backdrop, rising consumer electronics industry continues to influence the growth of the battery electrolyte market on the global front.

Renewable Energy Business Expansion to Create Significant Opportunities in Battery Electrolyte Market

Growing demand for renewable energy has prevailed as a primary factor driving the need for batteries. The energy requirement worldwide has increased considerably owing to increasing urbanization, industrial growth, and rising population with improved living standards. This has paved avenues for sustainable and alternative energy sources, which has fuelled the need and use of renewable energy. This has led to the development of renewable energy projects such as solar farms and wind farms to harness natural energy source. That said, growth in the renewable energy business has resulted in an increase in the adoption of batteries, consequently aiding the battery electrolyte market growth.

Solid Electrolyte Demand to Witness Rapid Increase Across Various Applications in Battery Electrolyte Market

Demand for solid electrolyte is expected to spur significantly in the years to follow. This is backed by different functional advantages of solid electrolyte in batteries. By using solid electrolyte, the battery has high energy density than the battery with liquid electrolyte. In addition, solid electrolyte is non-volatile, has low flammable quotient, zero possibilities of leakages of organic solvents, is safe, has high thermal and mechanical stability, has low self discharge and easy processability. Moreover, it also has higher service life as compared to its liquid counterpart. These aspects have fuelled its use in batteries for various industrial applications such as electric vehicles and electronic gadgets. This also has pushed the use of solid electrolyte in the microbattery technology. That said, the rising demand for solid electrolyte is expected to bode well for the battery electrolyte market from a volume and value standpoint.

Asia Pacific Poised to Lead the Battery Electrolyte Market

The growth of battery electrolyte market across emerging economies in Asia Pacific is likely to spearhead in the forthcoming years. This can be attributed towards increasing use of batteries in different industrial applications such as solar PV, data centres and other consumer electronic appliances. In addition, as electrification of vehicles is gaining traction across the globe, Asian countries have also shifted towards use of electric vehicles. Government authorities are intensely focusing on promoting the adoption of electric vehicles on the back of growing concerns apropos to environment health coupled with increasing fuel prices. They are providing subsidies for electric vehicle purchase, in turn complementing the production of electric vehicles. For instance, the Government of India provides a subsidy of INR 5,000/kWh of the total battery capacity amounting to around INR 30,000 for two and four wheelers.

Furthermore, among emerging economies, China is expected to remain at the forefront apropos to use of batteries, thus influencing the demand and supply of battery electrolytes. This is mainly owing to rising sales of consumer electronic appliances along with growing inclination towards using solar PV which is triggering the rise in solar PV projects. Also, rising incidences of cardiovascular diseases and their rising burden on Asian economies has pushed the use of pacemakers. For instance, as per the National Centre for Biotechnology Information, this is a part of NIH (National Institute of Health), the rate of cardiovascular diseases in India is increasing rapidly. Also, according to the Global Burden of Disease, about 25% deaths in the country occur owing to CVD. This factor has influenced the use of pacemakers, thus indirectly pushing the adoption of batteries. These aspects have significantly fuelled the sales of different batteries across Asian economies, thus presenting a favourable scenario for the growth of the battery electrolyte market in the region.

Battery Electrolyte Market: Competitive Scenario

New product introductions, joint ventures, strategic alliances, and collaborations have been witnessed in the battery electrolyte market. Major players in the market are focusing on such strategies to strengthen their position to achieve competitive edge. For instance, in 2021, a new organic solid electrolyte was developed by Hitachi Ltd. This solid battery electrolyte features chemical durability and less volatility leveraging the materials informatics technology. Same year in November, GS Yuasa Corporation developed a product that enhances the technology used in electrolytes. By developing the solid electrolyte with nitrogen-containing sulfide, the iconic conductivity and water resistance both could be enhanced significantly. In April 2020, a joint venture between UBE Industries Ltd and Mitsubishi Chemical Holdings Corporation was announced in order to focus on the electrolyte business especially for lithium ion battery.

A few of the major players in global battery electrolyte market include Mitsubishi Chemical Holdings Corporation, Targray Industries Inc., UBE Industries Ltd., 3M Company, Mitsui Chemicals Inc., BASF SE, GS Yuasa International Ltd., Stella Chemifa Corporation, Guangzhou Tinci Materials Technology Co. Ltd., Ohara Corporation, Tokyo Chemical Industry Ltd., American Elements, and Shenzhen Capchem Technology Co. Ltd.

Regional Classification of the Global Battery Electrolyte Market is Listed Below:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

 Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Battery Electrolyte Market

  • Battery Electrolyte Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2019 - 2022
  • Market Value at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
    1.1. Global Battery Electrolyte Market Snapshot
    1.2. Key Market Trends
    1.3. Future Projections
    1.4. Analyst Recommendations

2. Market Overview
    2.1. Market Definitions and Segmentations
    2.2. Market Dynamics
           2.2.1. Drivers
                  2.2.1.1. Driver A
                  2.2.1.2. Driver B
                  2.2.1.3. Driver C
           2.2.2. Restraints
                  2.2.2.1. Restraint 1
                  2.2.2.2. Restraint 2
           2.2.3. Market Opportunities Matrix
    2.3. Value Chain Analysis
    2.4. Porter’s Five Forces Analysis
    2.5. Covid-19 Impact Analysis
           2.5.1. Pre-covid and Post-covid Scenario
           2.5.2. Supply Impact
           2.5.3. Demand Impact
    2.6. Government Regulations
    2.7. Global Battery Market – Overview
    2.8. Technology Landscape
    2.9. Economic Analysis
    2.10. PESTLE

3. Production Output and Trade Statistics, 2019 - 2022
    3.1. Regional Production Statistics
           3.1.1. North America
           3.1.2. Europe
           3.1.3. Asia Pacific
           3.1.4. Latin America
           3.1.5. Middle East & Africa
    3.2. Trade Statistics

4. Price Trends Analysis and Future Projects, 2019 - 2030
    4.1. Key Highlights
    4.2. Prominent Factors Affecting Prices
    4.3. By Electrolyte Type
    4.4. By Region

5. Global Battery Electrolyte Market Outlook, 2019 - 2030
    5.1. Global Battery Electrolyte Market Outlook, by Electrolyte Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           5.1.1. Key Highlights
                  5.1.1.1. Solid
                  5.1.1.2. Liquid
                  5.1.1.3. Gel
    5.2. Global Battery Electrolyte Market Outlook, by Battery Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           5.2.1. Key Highlights
                  5.2.1.1. Li-ion
                  5.2.1.2. Lead Acid
                  5.2.1.3. Flow Batteries
                  5.2.1.4. NiMH
                  5.2.1.5. NiCd
                  5.2.1.6. Misc.
    5.3. Global Battery Electrolyte Market Outlook, by End-user Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           5.3.1. Key Highlights
                  5.3.1.1. Automotive
                  5.3.1.2. Consumer Electronics
                  5.3.1.3. Stationary Storage
                  5.3.1.4. General Industrial
                  5.3.1.5. Marine
                  5.3.1.6. Telecom
                  5.3.1.7. Misc. (Medical, etc.)
           5.3.2. BPS Analysis/Market Attractiveness Analysis
    5.4. Global Battery Electrolyte Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           5.4.1. Key Highlights
                  5.4.1.1. North America
                  5.4.1.2. Europe
                  5.4.1.3. Asia Pacific
                  5.4.1.4. Latin America
                  5.4.1.5. Middle East & Africa
           5.4.2. BPS Analysis/Market Attractiveness Analysis

6. North America Battery Electrolyte Market Outlook, 2019 - 2030
    6.1. North America Battery Electrolyte Market Outlook, by Electrolyte Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           6.1.1. Key Highlights
                  6.1.1.1. Solid
                  6.1.1.2. Liquid
                  6.1.1.3. Gel
    6.2. North America Battery Electrolyte Market Outlook, by Battery Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           6.2.1. Key Highlights
                  6.2.1.1. Li-ion
                  6.2.1.2. Lead Acid
                  6.2.1.3. Flow Batteries
                  6.2.1.4. NiMH
                  6.2.1.5. NiCd
                  6.2.1.6. Misc.
    6.3. North America Battery Electrolyte Market Outlook, by End-user Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           6.3.1. Key Highlights
                  6.3.1.1. Automotive
                  6.3.1.2. Consumer Electronics
                  6.3.1.3. Stationary Storage
                  6.3.1.4. General Industrial
                  6.3.1.5. Marine
                  6.3.1.6. Telecom
                  6.3.1.7. Misc. (Medical, etc.)
    6.4. North America Battery Electrolyte Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           6.4.1. Key Highlights
                  6.4.1.1. U.S.
                  6.4.1.2. Canada
           6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Battery Electrolyte Market Outlook, 2019 - 2030
    7.1. Europe Battery Electrolyte Market Outlook, by Electrolyte Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           7.1.1. Key Highlights
                  7.1.1.1. Solid
                  7.1.1.2. Liquid
                  7.1.1.3. Gel
    7.2. Europe Battery Electrolyte Market Outlook, by Battery Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           7.2.1. Key Highlights
                  7.2.1.1. Li-ion
                  7.2.1.2. Lead Acid
                  7.2.1.3. Flow Batteries
                  7.2.1.4. NiMH
                  7.2.1.5. NiCd
                  7.2.1.6. Misc.
    7.3. Europe Battery Electrolyte Market Outlook, by End-user Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           7.3.1. Key Highlights
                  7.3.1.1. Automotive
                  7.3.1.2. Consumer Electronics
                  7.3.1.3. Stationary Storage
                  7.3.1.4. General Industrial
                  7.3.1.5. Marine
                  7.3.1.6. Telecom
                  7.3.1.7. Misc. (Medical, etc.)
    7.4. Europe Battery Electrolyte Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           7.4.1. Key Highlights
                  7.4.1.1. Germany
                  7.4.1.2. France
                  7.4.1.3. U.K.
                  7.4.1.4. Italy
                  7.4.1.5. Spain
                  7.4.1.6. Russia
                  7.4.1.7. Rest of Europe
           7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Battery Electrolyte Market Outlook, 2019 - 2030
    8.1. Asia Pacific Battery Electrolyte Market Outlook, by Electrolyte Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           8.1.1. Key Highlights
                  8.1.1.1. Solid
                  8.1.1.2. Liquid
                  8.1.1.3. Gel
    8.2. Asia Pacific Battery Electrolyte Market Outlook, by Battery Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           8.2.1. Key Highlights
                  8.2.1.1. Li-ion
                  8.2.1.2. Lead Acid
                  8.2.1.3. Flow Batteries
                  8.2.1.4. NiMH
                  8.2.1.5. NiCd
                  8.2.1.6. Misc.
    8.3. Asia Pacific Battery Electrolyte Market Outlook, by End-user Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           8.3.1. Key Highlights
                  8.3.1.1. Automotive
                  8.3.1.2. Consumer Electronics
                  8.3.1.3. Stationary Storage
                  8.3.1.4. General Industrial
                  8.3.1.5. Marine
                  8.3.1.6. Telecom
                  8.3.1.7. Misc. (Medical, etc.)
    8.4. Asia Pacific Battery Electrolyte Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           8.4.1. Key Highlights
                  8.4.1.1. China
                  8.4.1.2. Japan
                  8.4.1.3. South Korea
                  8.4.1.4. India
                  8.4.1.5. Southeast Asia
                  8.4.1.6. Rest of Asia Pacific
           8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Battery Electrolyte Market Outlook, 2019 - 2030
    9.1. Latin America Battery Electrolyte Market Outlook, by Electrolyte Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           9.1.1. Key Highlights
                  9.1.1.1. Solid
                  9.1.1.2. Liquid
                  9.1.1.3. Gel
    9.2. Latin America Battery Electrolyte Market Outlook, by Battery Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           9.2.1. Key Highlights
                  9.2.1.1. Li-ion
                  9.2.1.2. Lead Acid
                  9.2.1.3. Flow Batteries
                  9.2.1.4. NiMH
                  9.2.1.5. NiCd
                  9.2.1.6. Misc.
    9.3. Latin America Battery Electrolyte Market Outlook, by End-user Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           9.3.1. Key Highlights
                  9.3.1.1. Automotive
                  9.3.1.2. Consumer Electronics
                  9.3.1.3. Stationary Storage
                  9.3.1.4. General Industrial
                  9.3.1.5. Marine
                  9.3.1.6. Telecom
                  9.3.1.7. Misc. (Medical, etc.)
    9.4. Latin America Battery Electrolyte Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           9.4.1. Key Highlights
                  9.4.1.1. Brazil
                  9.4.1.2. Mexico
                  9.4.1.3. Rest of Latin America
           9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Battery Electrolyte Market Outlook, 2019 - 2030
    10.1. Middle East & Africa Battery Electrolyte Market Outlook, by Electrolyte Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           10.1.1. Key Highlights
                  10.1.1.1. Solid
                  10.1.1.2. Liquid
                  10.1.1.3. Gel
    10.2. Middle East & Africa Battery Electrolyte Market Outlook, by Battery Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           10.2.1. Key Highlights
                  10.2.1.1. Li-ion
                  10.2.1.2. Lead Acid
                  10.2.1.3. Flow Batteries
                  10.2.1.4. NiMH
                  10.2.1.5. NiCd
                  10.2.1.6. Misc.
    10.3. Middle East & Africa Battery Electrolyte Market Outlook, by End-user Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           10.3.1. Key Highlights
                  10.3.1.1. Automotive
                  10.3.1.2. Consumer Electronics
                  10.3.1.3. Stationary Storage
                  10.3.1.4. General Industrial
                  10.3.1.5. Marine
                  10.3.1.6. Telecom
                  10.3.1.7. Misc. (Medical, etc.)
    10.4. Middle East & Africa Battery Electrolyte Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
           10.4.1. Key Highlights
                  10.4.1.1. GCC
                  10.4.1.2. South Africa
                  10.4.1.3. Rest of Middle East & Africa
           10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
    11.1. Company Market Share Analysis, 2022
    11.2. Competitive Dashboard
    11.3. Company Profiles
           11.3.1. UBE Corporation
                  11.3.1.1. Company Overview
                  11.3.1.2. Product Portfolio
                  11.3.1.3. Financial Overview
                  11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
           11.3.2. Guangzhou Tinci Materials Technology
           11.3.3. Shanshan Co.
           11.3.4. Targray
           11.3.5. 3M
           11.3.6. Soulbrain
           11.3.7. Mitsubishi Chemical Corporation
           11.3.8. Enersys
           11.3.9. GS Yuasa Corporation
           11.3.10. Dongwha Electrolyte
           11.3.11. Zhangjiagang Guotai Huarong New Chemical Materials Co.,Ltd.
           11.3.12. TOMIYAMA PURE CHEMICAL INDUSTRIES, LTD.
           11.3.13. Capchem Technology
           11.3.14. NEI Corporation
           11.3.15. BASF SE

12. Appendix
    12.1. Research Methodology
    12.2. Report Assumptions
    12.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2022

 

2019 - 2022

2023 - 2030

Value: US$ Mn Volume: Tons

 

REPORT FEATURES

DETAILS

Electrolyte Type Coverage

  • Solid
  • Liquid
  • Gel

Battery Type Coverage

  • Li-ion
  • Lead Acid
  • Flow Batteries 
  • NiMH
  • NiCd
  • Misc.

End-user Coverage

  • Automotive
  • Consumer Electronics
  • Stationary Storage
  • General Industrial
  • Marine
  • Telecom
  • Misc. (Medical, etc.)

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Leading Market Companies

  • UBE Corporation
  • Guangzhou Tinci Materials Technology
  • Shanshan Co.
  • Targray
  • 3M
  • Soulbrain
  • Mitsubishi Chemical Corporation
  • Enersys
  • GS Yuasa Corporation
  • Dongwha Electrolyte
  • Zhangjiagang Guotai Huarong New Chemical Materials Co.,Ltd. 
  • TOMIYAMA PURE CHEMICAL INDUSTRIES, LTD.
  • Capchem Technology
  • NEI Corporation
  • BASF SE

Report Highlights

Market Estimates and Forecast, Market Dynamics, Industry Trends, Production Output, Competition Landscape, Electrolyte Type-, Battery Type-, End-user -, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply), Key Market Trends

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
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