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Global Battery Electrolyte Market: By Battery Type: Lead-Acid Battery, Lithium-Ion Battery, Flow Battery, Others; By End Use: Electric Vehicle, Energy Storage, Consumer Electronics, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Battery Electrolyte Market Outlook

The global battery electrolyte market reached a value of nearly USD 4.9 billion in 2020. The market is expected to witness a CAGR of 8.2% in the forecast period of 2023-2028 to reach an estimated value of USD 7.9 billion by 2026.

 

Global Battery Electrolyte Market

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The Asia Pacific is Expected to Grow at the Fastest Pace During the Forecast Period

The Asia Pacific led the global market for battery electrolyte in 2020 and is expected to maintain its supremacy in the coming years as well. End-use industries like electric vehicles, energy storage, and portable consumer electronics are the key demand generators within the regional market. Also, the Asia Pacific is likely to grow at a robust pace in the coming years due to the increasing number of electric vehicles on the road, which is a result of initiatives and targets set by various governments. China, which already accounts for more than 40% share of the world’s electric passenger cars, is likely to be a key growth engine for the region’s battery electrolyte industry.

 

Battery Electrolyte: Market Segmentation

A cell or a battery is composed of three essential components, namely anode, cathode, and an electrolyte. Electrolyte acts a catalyst by promoting the movement of ions between cathode and anode and makes a battery conductive. Generally, electrolytes are liquids, such as water/other solvents, that are dissolved with salts, acids, or alkalis, which are necessary for ionic conduction.  Electrolytes should have a strong ionic conductivity, should be non-reactive with electrode materials, and be safe in handling and resistant to fluctuations in temperature. Depending upon its extent to release ions, electrolytes can be categorised into strong and weak. Some of the commonly used electrolytes are sodium chloride, nitric acid, sulphuric acid, sodium acetate, and chloric acid.

 

Global Battery Electrolyte Market by Segment

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The major battery types in the market are:

  • Lead-Acid Battery
    • Liquid Electrolyte
    • Gel Electrolyte
  • Lithium-Ion Battery
    • Liquid Electrolyte
    • Solid Electrolyte
  • Flow Battery
    • Vanadium
    • Zinc Bromide
  • Others

By end use, the market can be broadly segmented into:

  • Electric Vehicle
  • Energy Storage
  • Consumer Electronics
  • Others

The EMR report looks into the regional markets of battery electrolyte like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Battery Electrolyte Market by Region

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Increasing Demand of Batteries for Electric Vehicles and Consumer Electronics to Propel the Battery Electrolyte Industry

The electric vehicles market has gained huge traction over the past couple of years. Governments across the globe have taken multiple initiatives in order to promote manufacturing as well as sales of electric vehicles in their countries. The increasing adoption of electric vehicles is likely to create a big market for batteries and would ultimately provide good growth opportunities for the battery electrolyte manufacturers to prosper. Moreover, the cost of lithium-ion batteries has declined by more than 95% since the time of their introduction. Thus, the growing use of lithium-ion batteries in consumer electronics like laptops and smart phones is also anticipated to drive the battery electrolyte industry in the coming years.

 

Key Industry Players in the Global Battery Electrolyte Market

The report presents a detailed analysis of the following key players in the global battery electrolyte market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • BASF SE
  • Guangzhou Tinci Materials Technology Co., Ltd
  • Mitsubishi Chemical Corporation
  • 3M Co.
  • Ube Industries Ltd
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Battery Type, End Use, Region
Breakup by Battery Type Lead-Acid Battery, Lithium-Ion Battery, Flow Battery, Others
Breakup by End Use Electric Vehicle, Energy Storage, Consumer Electronics, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BASF SE, Guangzhou Tinci Materials Technology Co., Ltd, Mitsubishi Chemical Corporation, 3M Co., Ube Industries Ltd, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players  
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Battery Electrolyte Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Battery Electrolyte Historical Market (2018-2022) 
    8.3    Global Battery Electrolyte Market Forecast (2023-2028)
    8.4    Global Battery Electrolyte Market by Battery Type
        8.4.1    Lead-Acid Battery
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            8.4.1.4    Breakup by State of Electrolyte
                8.4.1.4.1    Liquid Electrolyte
                    8.4.1.4.1.1    Market Share
                    8.4.1.4.1.2    Historical Trend (2018-2022)
                    8.4.1.4.1.3    Forecast Trend (2023-2028)
                8.4.1.4.2    Gel Electrolyte
                    8.4.1.4.2.1    Market Share
                    8.4.1.4.2.2    Historical Trend (2018-2022)
                    8.4.1.4.2.3    Forecast Trend (2023-2028)
        8.4.2    Lithium-Ion Battery
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
            8.4.2.4    Breakup by State of Electrolyte
                8.4.2.4.1    Liquid Electrolyte
                    8.4.2.4.1.1    Market Share
                    8.4.2.4.1.2    Historical Trend (2018-2022)
                    8.4.2.4.1.3    Forecast Trend (2023-2028)
                8.4.2.4.2    Solid Electrolyte
                    8.4.2.4.2.1    Market Share
                    8.4.2.4.2.2    Historical Trend (2018-2022)
                    8.4.2.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Flow Battery
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
            8.4.3.4    Breakup by State of Electrolyte
                8.4.3.4.1    Vanadium
                    8.4.3.4.1.1    Market Share
                    8.4.3.4.1.2    Historical Trend (2018-2022)
                    8.4.3.4.1.3    Forecast Trend (2023-2028)
                8.4.3.4.2    Zinc Bromide
                    8.4.3.4.2.1    Market Share
                    8.4.3.4.2.2    Historical Trend (2018-2022)
                    8.4.3.4.2.3    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Battery Electrolyte Market by End Use
        8.5.1    Electric Vehicle
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Energy Storage
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Consumer Electronics
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Battery Electrolyte Market by Region       
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028) 
9    North America Battery Electrolyte Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Battery Electrolyte Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Battery Electrolyte Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Battery Electrolyte Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Battery Electrolyte Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    BASF SE
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Guangzhou Tinci Materials Technology Co., Ltd
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Mitsubishi Chemical Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    3M Co.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Ube Industries Ltd
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Key Figures and Tables

1.    Global Battery Electrolyte Market: Key Industry Highlights, 2018 and 2028
2.    Global Battery Electrolyte Historical Market: Breakup by Battery Type (USD Billion), 2018-2022
3.    Global Battery Electrolyte Market Forecast: Breakup by Battery Type (USD Billion), 2023-2028
4.    Global Battery Electrolyte Historical Market: Breakup by End Use (USD Billion), 2018-2022
5.    Global Battery Electrolyte Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6.    Global Battery Electrolyte Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Battery Electrolyte Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Battery Electrolyte Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Battery Electrolyte Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Battery Electrolyte Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Battery Electrolyte Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Battery Electrolyte Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Battery Electrolyte Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Battery Electrolyte Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Battery Electrolyte Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Battery Electrolyte Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Battery Electrolyte Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Battery Electrolyte Market Structure

Key Questions Answered in the Report

In 2020, the global battery electrolyte market attained a value of nearly USD 4.9 billion.

The market is projected to grow at a CAGR of 8.2% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 7.9 billion by 2026.

The major drivers of the market include the end use industries like energy storage, initiatives and targets set by various governments, technological innovations, and increasing number of solar power projects.

Increasing adoption of electric vehicles and growing use of lithium-ion batteries in consumer electronics are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.

The major battery types in the market are lead-acid battery which includes liquid electrolyte and gel electrolyte, second is lithium-ion battery which includes liquid electrolyte and solid electrolyte, third is flow battery which includes vanadium and zinc bromide, among others.

The end uses of the market are electric vehicle, energy storage, and consumer electronics, among others.

The major players in the industry are BASF SE, Guangzhou Tinci Materials Technology Co., Ltd, Mitsubishi Chemical Corporation, 3M Co., and Ube Industries Ltd, among others.

Analyst Review

The global battery electrolyte market attained a value of nearly USD 4.9 billion in 2020, driven by the increasing adoption of electric vehicles and growing use of lithium-ion batteries in consumer electronics. Aided by the initiatives and targets set by various governments, and technological innovations, the market is expected to grow at a CAGR of 8.2% in the forecast period of 2023-2028 to attain a value of USD 7.9 billion by 2026.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the battery electrolyte industry can be segmented into lead-acid battery which includes liquid electrolyte and gel electrolyte, second is lithium-ion battery which includes liquid electrolyte and solid electrolyte, third is flow battery which includes vanadium and zinc bromide. The end uses of the market are electric vehicle, energy storage, and consumer electronics, among others. The major regional markets for battery electrolyte market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above market include BASF SE, Guangzhou Tinci Materials Technology Co., Ltd, Mitsubishi Chemical Corporation, 3M Co., and Ube Industries Ltd, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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