Battery Electrolyte Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Battery Electrolyte Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


The global battery electrolyte market size reached US$ 9.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.81% during 2022-2028.

Electrolytes are liquid or paste-like substances that transport positively charged ions between the cathode and anode terminals inside batteries to produce electricity. Their different chemical compounds find application depending on the type of battery. For instance, lead-acid batteries use sulfuric acid to create the intended reaction, while household alkaline batteries contain potassium hydroxide as electrolytes. Similarly, zinc-air batteries rely on oxidizing zinc with oxygen and lithium batteries have lithium salt solution, such as lithium hexafluorophosphate (LiPF6).

Battery Electrolyte Market Trends:
The emerging trend of high-end consumer electronics, such as smartphones, laptops, digital cameras, gaming consoles, and torches, represents one of the major factors driving the demand for electrolyte-based lithium-ion batteries worldwide. Moreover, the escalating demand for electric vehicles (EVs) on account of the growing focus on sustainable development and the awareness about the adverse effects of using petroleum-based automobiles is impelling the market growth. Additionally, governing agencies of numerous countries are offering subsidies and implementing favorable initiatives to promote the adoption of EVs, which, in turn, is contributing to market growth. Apart from this, increasing sales of vacuum cleaners due to sedentary lifestyles, hectic working schedules, inflating income levels, and rapid urbanization are driving the sales of battery electrolytes around the world. This can also be accredited to the growing popularity of smart homes and the rising demand for automated products that can perform household activities in a time-efficient manner. Furthermore, the application of battery electrolytes is expanding in the manufacturing of alkaline zinc–manganese oxide batteries. As a result, the escalating demand for these batteries in still digital cameras, portable liquid crystal televisions (TVs), shavers, office-use appliances, and game equipment is anticipated to drive the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global battery electrolyte market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on battery type, electrolyte type and end user.

Breakup by Battery Type:

Lead Acid
Lithium-ion
Flow Battery
Others

Breakup by Electrolyte Type:

Liquid Electrolyte
Solid Electrolyte
Gel Electrolyte
Sodium Chloride
Nitric Acid
Sulphuric Acid
Others

Breakup by End User:

Electric Vehicle
Energy Storage
Consumer Electronics
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, American Elements, BASF SE, GS Yuasa International Ltd., Guangzhou Tinci Materials Technology Co. Ltd., Johnson Controls, LG Chem Ltd., Mitsubishi Chemical Corporation, Mitsui Chemicals Inc., Shenzhen Capchem Technology Co. Ltd., Targray and Ube Industries Ltd.

Key Questions Answered in This Report:
How has the global battery electrolyte market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global battery electrolyte market?
What are the key regional markets?
What is the breakup of the market based on the battery type?
What is the breakup of the market based on the electrolyte type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global battery electrolyte market and who are the key players?
What is the degree of competition in the industry?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Battery Electrolyte Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Battery Type
6.1 Lead Acid
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Lithium-ion
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Flow Battery
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Electrolyte Type
7.1 Liquid Electrolyte
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Solid Electrolyte
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Gel Electrolyte
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Sodium Chloride
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Nitric Acid
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Sulphuric Acid
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by End User
8.1 Electric Vehicle
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Energy Storage
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Consumer Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 3M Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 American Elements
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 BASF SE
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 GS Yuasa International Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Guangzhou Tinci Materials Technology Co. Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Johnson Controls
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 LG Chem Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Mitsubishi Chemical Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Mitsui Chemicals Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Shenzhen Capchem Technology Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 Targray
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Ube Industries Ltd.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings