Global Lithium Ion Battery Electrolyte Salt Material Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Lithium Ion Battery Electrolyte Salt Material Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

As an important part of lithium ion battery, lithium ion electrolyte salt material can not only provide free shuttle ions for lithium ion battery and assume the role of ion transfer inside the battery, but also form a protective layer on the surface of electrode material. To a great extent, it determines the capacity, working temperature, cycle performance, power density, energy density and safety of lithium ion batteries.

Market Overview:

The latest research study on the global Lithium Ion Battery Electrolyte Salt Material market finds that the global Lithium Ion Battery Electrolyte Salt Material market reached a value of USD 2210.99 million in 2022. It’s expected that the market will achieve USD 2804.07 million by 2028, exhibiting a CAGR of 4.04% during the forecast period.

COVID-19 disease is spreading all over the world. infecting millions of people around the world, and major countries around the world have imposed embargoes and stop-work orders. With the exception of the medical supplies and life support products industries, most industries have been significantly affected, as has the lithium ion battery electrolyte salt material industry.

Over the past year, the market has witnessed a decline in company sales and marketing activities, temporary business shutdowns and disruptions to supply chain and manufacturing activities. A considerable number of companies are still struggling due to manufacturing delays, which are mainly due to restrictions on raw materials and on-site labor. For some lithium ion battery electrolyte salt materials manufacturers, due to social distancing measures and supply chain delays, the crisis has slowed down product delivery and has had a certain impact on revenue.

With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

Drivers

Economic globalization has become the main feature of contemporary economic development. In the economic globalization, the enterprise's own operating ability and market competitiveness will be significantly improved, which can promote the growth of lithium ion battery electrolyte salt material industry. There is a great demand for consumer electronic products in the global market. In addition, the market of new energy vehicles has broad prospects, and the development of technology and the improvement of infrastructure are of great importance to the whole market. Provide a good foundation.

Restraints and Challenges

lithium ion battery electrolyte salt materials still have some disadvantages. For example, LiPF6 electrolyte lithium salt has poor thermal stability. In addition, it is easy to react with trace moisture to produce strong acid PF5, and PF5 is easy to have side reactions with organic solvents in the electrolyte, resulting in battery performance degradation. These shortcomings may not meet the requirements of downstream industries and hinder the development of the market.

Advances in Innovation and Technology for Lithium Ion Battery Electrolyte Salt Material

Considering the obvious trend of high nickel and high voltage of lithium batteries in the future, the requirements on safety and energy density of lithium batteries will gradually increase. New electrolyte solute lithium salt often has higher thermal stability, thermodynamic stability and high and low temperature discharge performance, physical and chemical performance is better than lithium hexafluorophosphate, can better meet the development trend of lithium battery. The application of new lithium salts in lithium ion batteries can broaden the service temperature of batteries, improve the cycle life and safety. Under the demand environment of high energy density and high safety of power batteries, new lithium salts are an important direction of future development.

Region Overview:

Geographically, China held the largest market share – 73.47% in 2022.

Company Overview:

Guangzhou Tinci Materials Technology is one of the major players operating in the Lithium Ion Battery Electrolyte Salt Material market, holding a share of 17.22% in 2022.

Guangzhou Tinci Materials Technology

Guangzhou Tinci Materials Technology is a China-based company principally engaged in the research, development, production and sale of fine chemical materials. The Company’s main products are categorized into daily chemicals and specialty chemicals, lithium ion battery materials and organic silicon rubber materials, which include cationic conditioner series, silicone oil, surface active agent series, water-soluble polymers, electrolytic solution, lithium hexafluorophosphate, lithium iron phosphate, liquid silicone rubber and others. The Company distributes its products in domestic market and to overseas market.

Do-Fluoride New Materials

Do-Fluoride New Materials Co., Ltd. was established in December 1999. DFD is a new high-tech enterprise whose business scope mainly includes research and development, production and sale of the high-performance Inorganic fluoride salts, electronic grade chemicals, lithium ion battery materials, new energy automobiles. Besides, it is the first listed company in the inorganic fluoride chemical industry in China.

Segmentation Overview:

Among different product types, LiPF6 segment is anticipated to contribute the largest market share in 2027.

LiPF6

Lithium hexafluorophosphate (LiPF6) has good electrochemical stability, non-corrosive fluid collection, and is easily soluble in carbonate organic solvents. At the same time, due to the large radius of PF6- and weak association at room temperature, lithium hexafluorophosphate (LiPF6) solution has high ionic conductivity. Although lithium hexafluorophosphate (LiPF6) has poor thermal stability and easy hydrolysis, it is still the most widely used and most commercial value of traditional inorganic electrolyte lithium salt.

LiFSI

Lithium difluoride sulfonimide (LiFSI) has the advantages of high ionic conductivity and low sensitivity to water. In addition, compared with LiPF6, LiFSI has a higher decomposition temperature and a relatively good safety. However, LiFSI is highly corrosive to fluid collector Al, so its application in lithium ion batteries is limited to a certain extent.

LiBF4

Lithium tetrafluoroborate (LiBF4) is a common lithium salt additive.Compared with lithium hexafluorophosphate (LiPF6), lithium tetrafluoroborate (LiBF4) has a wider operating temperature range, better stability at high temperature, and better performance at low temperature.
Lithium tetrafluoroborate (LiBF4) can also enhance the film forming ability of electrolyte to electrode and inhibit the corrosion of Al foil. However, due to the small radius of BF4-, it is not easy to dissociate, leading to the low ionic conductivity of Li BF4 based electrolyte. Therefore, lithium tetrafluoroborate (LiBF4) has great limitations as an electrolyte lithium salt alone, and is often used with lithium salt with high conductivity.

LiBOB/LiODFB

Lithium bioxalate borate (LiBOB) is a new kind of lithium salt, which has good film forming performance and thermal stability. It is a potential substitute for existing commercial lithium salt LiPF6.
LiODFB can be used as electrolyte lithium salt in the electrolyte. From the perspective of chemical structure, LiODFB is composed of the semimolecule of LiBOB and LiFSI, combining the advantages of both. For example, dense and stable SEI film can be formed on the negative electrode surface, which has good compatibility with the positive and negative electrodes. High and low temperature performance, excellent rate performance, etc.

Application Overview:

By application, the Consumer Electronics segment occupied the biggest share from 2017 to 2022.

Consumer Electronics

Consumer electronics (CE) refers to any electronic devices designed to be purchased and used by end users or consumers for daily and non-commercial/professional purposes. Consumer electronics are among the most commonly used form of electronic, computing and communication devices.

Electric Vehicle

An electric vehicle is a vehicle that runs fully or partially on electricity. Unlike conventional vehicles that just use fossil fuels, e-vehicles use an electric motor that is powered by a fuel cell or batteries.

Energy-storage

Battery storage technologies are essential to speeding up the replacement of fossil fuels with renewable energy. Battery storage systems will play an increasingly pivotal role between green energy supplies and responding to electricity demands.

Key Companies in the global Lithium Ion Battery Electrolyte Salt Material market covered in Chapter 3:

Morita Chemical Industries
Guangzhou Tinci Materials Technology
Jiangsu Xintai Material Technology
Kanto Denka
Sinochem Lantian
Zhejiang Yongtai Technology
Do-Fluoride New Materials
Jiangsu Jiujiujiu Technology
Shandong Shida Shenghua Chemical Group

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

LiPF6
LiBF
LiBOB
LiODFB
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Lithium Ion Battery Electrolyte Salt Material market from 2018 to 2029 covers:

Consumer Electronics
Electric Vehicle
Energy-storage

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)