Lithium-Ion Battery'S Electrolyte Solvent Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The lithium-ion battery's electrolyte solvent market is expected to record a CAGR of more than 21.5% during the forecast period.
The COVID-19 pandemic had a negative impact on the market, owing to the lockdown in various countries across the world led to supply chain constraints that significantly obstructed the expansion of the industry. Moreover, the production of automobiles and electronics observed a temporary halt which led to a decrease in demand for its major end-user industries. However, with improvement in the pandemic situation and the restart of automobile and electronic production operations, the market is now estimated to have reached pre-pandemic levels, and it is expected to grow steadily during the forecast period.
Key HighlightsThe market studied is consolidated in nature. The major players in the market studied include (not in any particular order) UBE Corporation, Kindun Chemical Co., Limited, OUCC, Dongwha Electrolyte, and Shenzhen Capchem Technology Co. Ltd.
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