Dublin, Dec. 06, 2023 (GLOBE NEWSWIRE) -- The "Battery Electrolytes - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Battery Electrolytes Market to Reach $6.7 Billion by 2030
The global market for Battery Electrolytes estimated at US$3.7 Billion in the year 2022, is projected to reach a revised size of US$6.7 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2022-2030. Lead-Acid, one of the segments analyzed in the report, is projected to record 7.1% CAGR and reach US$3.6 Billion by the end of the analysis period. Growth in the LIthium-ion segment is estimated at 9% CAGR for the next 8-year period.
Battery electrolytes play a vital role in the global market, especially within the context of lithium-ion batteries, which are expected to see strong growth in the long term.In 2022, the market presence of various players is classified as strong, active, niche, or trivial. Competition within the battery electrolyte market has been significant, with key players vying for market share. Recent market activity indicates ongoing developments and trends in this dynamic industry.
The U.S. Market is Estimated at $490.7 Million, While China is Forecast to Grow at 8.8% CAGR
Asia-Pacific is anticipated to be a key region for this market's favorable growth. Understanding the competitive landscape is essential, with insights into the market share of key competitors.
The Battery Electrolytes market in the U.S. is estimated at US$490.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 8.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 367 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3.7 Billion |
| Forecasted Market Value (USD) by 2030 | $6.7 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- E-Mobility: An Expanding Market for Battery Electrolyte
- Global EV Sales (In Million Units) by Region for the Years 2019, 2025 & 2030
- Rise in Adoption of Renewable Energy and Growing Need for Battery Storage to Drive Demand for Battery Electrolyte
- Rapid Growth of Renewable Energy Market: Opportunity for Battery Electrolyte Markets
- Renewable Energy Consumption by Region (in Million tonnes oil equivalent): 2008-2018
- Global Energy Generation Mix (in %) for 2019
- Global Solar Power Market: Solar PV Capacity (in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
- Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2018
- Improvement in Lithium-Ion Battery Energizes Growth in Electrolyte Market
- Growing Significance of Solid-State Batteries Over Traditional Lithium-ion Battery Systems to Drive the Market Growth
- Increased Preference for Li-ion Batteries by Motorcycle Manufacturers Due to High Resistivity to Drive the Market Growth
- Global Motorcycles Market (In Million US$) for the Years 2018, 2021, 2023 & 2025
- Rising Adoption of IoT Devices to Increase the Demand for Battery Electrolytes
- Global Consumer Electronics Market (In US$ Billion) for the Years 2018 through 2024
- Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022
- Global Wearable Device Shipments in Million Units for the Years 2017, 2019 and 2021
- Investments on Rise in Development of Advanced Battery Technologies
- Few Recent Advancements in Non-Flammable Electrolytes for Safer Lithium-Ion Battery Applications
- New Generation Lithium-ion Batteries Could Store More Power as they are Nonflammable
- Advances in Battery Technologies Stir Changes in Electrolyte Composition
- Select Innovations
- Dual Electrolyte Battery Technology: A New Development
- Industry Seeks Rentable Electrolytes Model for Flow Batteries to Compete Against Lithium Ion Batteries
- Strict Carbon Emission Regulations to Boost Demand in Lithium Ion Battery Electrolytes Market
- Competing Disruptive Battery Technologies for Li-ion Batteries
FOCUS ON SELECT PLAYERS(Total 39 Featured)
- BASF SE
- 3M Company
- Mitsui Chemicals, Inc.
- LG Chem
- Asahi Kasei Corporation
- Mitsui & Co., Ltd.
- Daikin Industries Ltd.
- GS Yuasa International Ltd.
- Central Glass Co., Ltd.
- American Elements
- Gelest, Inc.
- Daikin America, Inc.
- Iolitec-Ionic Liquids Technologies GmbH
- Guangzhou Tinci Materials Technology Co., Ltd.
- Korea Electrotechnology Research Institute (KERI)
For more information about this report visit https://www.researchandmarkets.com/r/s0b8pq
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