Global Electrolytic Solution for Lithium Ion Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electrolytic Solution for Lithium Ion Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electrolytic solutions are those that are capable of conducting an electric current. A substance that, when added to water, renders it conductive, is known as an electrolyte. Electrolyte is one of the key raw materials for lithium-ion batteries. It is the blood of lithium-ion batteries. It plays the role of transferring energy between the positive and negative electrodes of the battery, ensuring high voltage, high specific energy and other advantages of lithium-ion batteries. Usually the electrolyte is prepared from high purity organic solvents, electrolytes, additives and other materials under certain conditions and at a certain ratio.

Market Overview:

The latest research study on the global Electrolytic Solution for Lithium Ion Battery market finds that the global Electrolytic Solution for Lithium Ion Battery market reached a value of USD 3088.7 million in 2022. It’s expected that the market will achieve USD 16212.9 million by 2028, exhibiting a CAGR of 31.83% during the forecast period.

Assessment of the Overall Impact of COVID-19 on the Industry

The sudden COVID-19 has had a great impact on the entire Electrolytic Solution for Lithium Ion Battery industry chain, and has had a great impact on the company's procurement, production, and delivery. Electrolytic Solution companies were greatly affected in the organization of production and product delivery. Export order delivery was partially delayed, and output and shipment volume declined significantly.Affected by the epidemic, the market demand for Electrolytic Solution for Lithium Ion Battery is sluggish. In the first half of 2020, due to the impact of the new crown pneumonia epidemic, the downstream demand for electrolyte Solution has decreased year-on-year. However, when the pandemic eases, the market promises to gradually recover.

Region Overview:

China had the highest growth rate of all regions.

Company Overview

Guangzhou Tinci Materials is one of the major players operating in the Electrolytic Solution for Lithium Ion Battery market, holding a share of 14.89% in 2020.Since its establishment in 2000, the company has been committed to the research and development, production and sales of new fine chemical materials. Currently, it has two business segments: lithium ion battery materials and specialty chemicals.Tinci Materials is one of China's major manufacturers of lithium-ion battery materials and functional materials for personal care products. It has a large-scale R&D center in the same industry and has formed a research-technology-application product integrated evaluation system, which is enjoyed at home and abroad Important industry position, technological level is in the lead in the country, and has a large influence and industry-leading demonstration role.Shenzhen Capchem is a world's leading electronic chemicals and functional materials company. Capchem's products mainly include lithium battery chemicals, capacitor chemicals, organic fluorine chemicals, semiconductor chemicals and LED packaging materials.

Segmentation Overview:

Among different product types, Liquid Electrolyte segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Electric Vehicle segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Electrolytic Solution for Lithium Ion Battery market covered in Chapter 3:

Shenzhen CapchemSoulbrainPanax-EtecMitsubishi ChemicalDongguan Shanshan (DGSS)Guotai HuarongGuangzhou Tinci MaterialsCentral GlassTianjin JinniuBeijing Institute of Chemical ReagentsShantou Jinguang High-TechZhuhai SmoothwayMitsui Chemicals

In Chapter 4 and Chapter 14.2, on the basis of types, the Electrolytic Solution for Lithium Ion Battery market from 2018 to 2029 is primarily split into:

Liquid ElectrolyteSolid Electrolyte

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electrolytic Solution for Lithium Ion Battery market from 2018 to 2029 covers:

Consumer ElectronicsElectric VehicleOthers

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)