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Global Battery Electrolytes Strategic Markets Report 2023: A $6.7 Billion Industry by 2030 - Improvement in Lithium-Ion Battery Energizes Growth in Electrolyte Market
Global Market for Battery Electrolytes
Dublin, Feb. 24, 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 a 7.1% CAGR and reach US$3.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the LIthium-ion segment is readjusted to a revised 9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $490.7 Million, While China is Forecast to Grow at 8.8% CAGR
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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2030.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Metrics
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 |
Key Topics Covered:
MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Battery Electrolyte: An Introduction
Impact of Covid-19 and a Looming Recession
Long Term Market Outlook
Lithium-ion Battery Electrolyte to Register Strong Growth
Asia-Pacific to Experience Favorable Growth
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Competition
Recent Market Activity
FOCUS ON SELECT PLAYERS (Total 39 Featured)
Guangzhou Tinci Materials Technology Co., Ltd.
Shenzhen Capchem Technology Co., Ltd.
3M
American Elements
BASF SE
GS Yuasa Corporation
LG Chem
Mitsubishi Chemical Corporation
Ube Industries
Beijing Institute of Chemical Reagents
Central Glass
Guotai Huarong
Shantou Jinguang High-Tech
Soulbrain
Zhuhai Smoothway
Toshima Manufacturing Co. Ltd.
Advanced Electrolyte Technologies
Gelest
Targray
Ceramtec
Ohara Corporation
Daikin America
Nohms Technologies
Stella Chemifa
Tomiyama Pure Chemical Industries
MARKET TRENDS & DRIVERS
E-Mobility: An Expanding Market for Battery Electrolyte
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
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
Rising Adoption of IoT Devices to Increase the Demand for Battery Electrolytes
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
For more information about this report visit https://www.researchandmarkets.com/r/w8ihsv
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