Product Code: r5274
“Battery Electrolyte Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on battery electrolyte market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for battery electrolyte? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The battery electrolyte market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Electrolyte Type: Liquid Electrolyte; Solid Electrolyte; Gel Electrolyte; Vanadium; Zinc Bromide; Other Electrolyte Types
- 2) By Battery Type: Lead-Acid; Lithium-Ion; Nickel Metal; Other Battery Types
- 3) By End-User: Industrial; Transportation; Energy Storage; Consumer Electronics; Electric Vehicle Battery; Residential; Other End-Users
- Companies Mentioned: Mitsubishi Chemical Corporation; UBE INDUSTRIES LTD; Shenzhen Capchem Technology; Johnson Controls Battery; Guangzhou Tinci Materials Technology Co
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the battery electrolyte market are: Mitsubishi Chemical Corporation, UBE INDUSTRIES LTD., Shenzhen Capchem Technology, Johnson Controls Battery, Guangzhou Tinci Materials Technology Co, GS Yuasa International Ltd., 3M Company, BASF SE, American Elements, Targray Technology International Inc., Ohara Corporation, Daikin America Inc., Nohms Technologies Ltd., Stella Chemifa Corporation, Tomiyama Pure Chemical Industries, GuangDong JinGuang High-Tech Co Ltd., Guotai Huarong Poland Sp zoo, and Toshima Manufacturing Co Ltd.
The global battery electrolyte market is expected to grow from $6.32 billion in 2022 to $7.07 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The battery electrolyte market is expected to grow to $10.74 billion in 2027 at a CAGR of 11.0%.
The battery electrolyte market consists of sales of liquid electrolyte and gel electrolyte. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Battery electrolyte refers to a solution inside the battery that helps the electrolyte to carry positively charged ions between the cathode and anode terminals, and its function is the same regardless of the battery type. These are used in batteries that allow electrical current to flow between the cathode and anode.
North America was the largest region in the battery electrolyte market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the battery electrolyte market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main electrolyte types in the battery electrolyte market include liquid electrolyte, solid electrolyte, gel electrolyte, vanadium, zinc bromide, and others. Liquid electrolytes are used in the batteries in the form of sodium, potassium, chloride, calcium, and phosphate in the liquid phase which contain ions and conduct electricity. A liquid electrolyte refers to a substance that develops the ability to conduct electricity when it splits into ions in solution or melts. The various battery types include lead-acid, lithium-ion, nickel metal, and others. The various end-users include industrial, transportation, energy storage, consumer electronics, electric vehicle battery, residential, and others.
The increasing demand for electric vehicles is expected to propel the growth of the battery electrolyte market going forward. Electric vehicles refer to vehicles that run on electricity instead of an internal combustion engine, which produces power by burning fuel and gases. Electrolytes such as lithium-ion are used in the manufacture of batteries which are widely used in electric cars. These electrolytes with the help of the positive and negative electrodes generate an electric current that helps to drive the vehicle's battery and gives motion to its wheels that helps to move. For instance, in September 2022, according to Heycar, a UK-based used cars dealer company, in 2020, sales of electric cars rose by 186%, and 1.65 million new vehicles were registered overall in 2021 which was a 1% increase compared to 2020. Similarly, in May 2022, according to International Energy Agency, a France-based autonomous intergovernmental organization, in 2021, the number of electric vehicle sales doubled from the previous year to reach a new high of 6.6 million. Also, with 2 million electric vehicle sales in the first quarter of 2022, a 75% increase over the same time in 2021, the market for electric vehicles has continued to grow rapidly. Therefore, increasing demand for electric vehicles is driving the growth of the battery electrolyte market.
Technological innovation is the key trend gaining popularity in the battery electrolyte market. Major companies operating in the market are introducing new technologies to sustain their position in the market. For instance, in April 2021, Hitachi Ltd., a Japanese-based company operating in the battery electrolytes market, developed a long-life lithium-ion battery prototype using an organic solid electrolyte with lower volatility and chemical toughness. When compared to lithium-ion batteries using a traditional organic electrolyte it helps to lower volatility and chemical toughness by using analysis techniques and MI technology. In order to create a decarbonized society, Hitachi aims to support the application of this technology to achieve electrification of various modes of transportation, such as cars and trains, and to stabilize power grid systems connected to renewable energy.
In October 2020, Mitsubishi Chemical Corporation, a Japanese-based company operating in the battery electrolyte market, acquired Gelest Inc for an undisclosed amount. Through this acquisition, Mitsubishi Chemical Corporation aims to keep implementing its plan to seek new business possibilities in new markets, leverage its strong R&D skills, and improve its technology platform in order to fuel future expansion. Gelest Inc is a US-based chemical company operating in the battery electrolyte market.
The countries covered in the battery electrolyte market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The battery electrolyte market research report is one of a series of new reports from The Business Research Company that provides battery electrolyte market statistics, including battery electrolyte industry global market size, regional shares, competitors with a battery electrolyte market share, detailed battery electrolyte market segments, market trends and opportunities, and any further data you may need to thrive in the battery electrolyte industry. This battery electrolyte market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Battery Electrolyte Market Characteristics
3. Battery Electrolyte Market Trends And Strategies
4. Battery Electrolyte Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Battery Electrolyte Market
- 4.2. Ukraine-Russia War Impact On Battery Electrolyte Market
- 4.3. Impact Of High Inflation On Battery Electrolyte Market
5. Battery Electrolyte Market Size And Growth
- 5.1. Global Battery Electrolyte Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Battery Electrolyte Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Battery Electrolyte Market Segmentation
- 6.1. Global Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Liquid Electrolyte
- Solid Electrolyte
- Gel Electrolyte
- Vanadium
- Zinc Bromide
- Other Electrolyte Types
- 6.2. Global Battery Electrolyte Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Lead-Acid
- Lithium-Ion
- Nickel Metal
- Other Battery Types
- 6.3. Global Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Industrial
- Transportation
- Energy Storage
- Consumer Electronics,
- Electric Vehicle Battery
- Residential
- Other End-Users
7. Battery Electrolyte Market Regional And Country Analysis
- 7.1. Global Battery Electrolyte Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Battery Electrolyte Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Battery Electrolyte Market
- 8.1. Asia-Pacific Battery Electrolyte Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Battery Electrolyte Market
- 9.1. China Battery Electrolyte Market Overview
- 9.2. China Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Battery Electrolyte Market
- 10.1. India Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Battery Electrolyte Market
- 11.1. Japan Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Battery Electrolyte Market
- 12.1. Australia Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Battery Electrolyte Market
- 13.1. Indonesia Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Battery Electrolyte Market
- 14.1. South Korea Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Battery Electrolyte Market
- 15.1. Western Europe Battery Electrolyte Market Overview
- 15.2. Western Europe Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Battery Electrolyte Market
- 16.1. UK Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Battery Electrolyte Market
- 17.1. Germany Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Battery Electrolyte Market
- 18.4. France Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.5. France Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Battery Electrolyte Market
- 19.1. Eastern Europe Battery Electrolyte Market Overview
- 19.2. Eastern Europe Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Battery Electrolyte Market
- 20.1. Russia Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Battery Electrolyte Market
- 21.1. North America Battery Electrolyte Market Overview
- 21.2. North America Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Battery Electrolyte Market
- 22.1. USA Battery Electrolyte Market Overview
- 22.2. USA Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Battery Electrolyte Market
- 23.1. South America Battery Electrolyte Market Overview
- 23.2. South America Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Battery Electrolyte Market
- 24.1. Brazil Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Battery Electrolyte Market
- 25.1. Middle East Battery Electrolyte Market Overview
- 25.2. Middle East Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Battery Electrolyte Market
- 26.1. Africa Battery Electrolyte Market Overview
- 26.2. Africa Battery Electrolyte Market, Segmentation By Electrolyte Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Battery Electrolyte Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Battery Electrolyte Market Competitive Landscape And Company Profiles
- 27.1. Battery Electrolyte Market Competitive Landscape
- 27.2. Battery Electrolyte Market Company Profiles
- 27.2.1. Mitsubishi Chemical Corporation
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. UBE INDUSTRIES LTD
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Shenzhen Capchem Technology
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Johnson Controls Battery
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Guangzhou Tinci Materials Technology Co
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Battery Electrolyte Market
29. Battery Electrolyte Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer