The Worldwide Battery Electrolytes Industry is Expected to Reach $5.5 Billion by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Battery Electrolytes – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for Battery Electrolytes estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027.

Lead-Acid, one of the segments analyzed in the report, is projected to grow at a 5.3% CAGR to reach US$3 Billion by the end of the analysis period.

After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the LIthium-ion segment is readjusted to a revised 6.7% CAGR for the next 7-year period. This segment currently accounts for a 35.5% share of the global Battery Electrolytes market.

The U.S. Accounts for Over 13.9% of Global Market Size in 2020, While China is Forecast to Grow at a 6.7% CAGR for the Period of 2020-2027

The Battery Electrolytes market in the U.S. is estimated at US$513.7 Million in the year 2020. The country currently accounts for a 13.86% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$984.6 Million in the year 2027 trailing a CAGR of 6.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR while Rest of European market (as defined in the study) will reach US$984.6 Million by the year 2027.

Other Types Segment Corners a 8.1% Share in 2020

In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$199.9 Million in the year 2020 will reach a projected size of US$266 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$955.5 Million by the year 2027, while Latin America will expand at a 5.7% CAGR through the analysis period.

Select Competitors (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

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

• 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
• Competition
• Recent Market Activity
• 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

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/sio7ik

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