Battery Electrolyte Market, By Battery Type, By Electrolyte Type, By End User (Industrial, Transportation, Energy Storage, Consumer Electronic, Electric Vehicle Battery, Residential, Others), By Geography

Description

Global battery electrolyte market is estimated to be valued at USD 11.79 Bn in 2024 and is expected to reach USD 26.22 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 11.79 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	12.10%	2031 Value Projection:	US$ 26.22 Bn

Figure 1. Battery Electrolyte Market Share (%), By Region, 2024

Global battery electrolyte market has been witnessing significant growth over the past few years. Battery electrolyte refers to the medium that allows the flow of electrical current between the cathode and anode of a battery. It plays a crucial role in determining characteristics like conductivity, shelf-life and safety of the battery. Key factors driving the market growth include growing adoption of electric vehicles that require advanced lithium-ion batteries. Moreover, increasing demand for battery backups across various end-use industries like consumer electronics, automotive and energy storage is driving the global battery electrolyte market growth. With technological advancements, various new types of electrolytes like solid-state, polymer and gel electrolytes are being developed to improve performance and safety of batteries. Global battery electrolyte market is expected to witness growth substantially in the near future.

Market Dynamics:

Global battery electrolyte market is projected to witness growth at a steady pace during the forecast period. Rising demand for electric vehicles around the world has emerged as a key growth driver. According to various estimates, electric car sales are expected to grow over 25% annually till 2030. However, high raw material costs of lithium, fluctuations in crude oil prices and availability of substitutes like capacitors are expected to restrain the market growth. Increasing R&D in the field of solid-state batteries presents lucrative opportunities.

Key Features of the Study:

This report provides in-depth analysis of the global battery electrolyte market, and provides market size (US$ Bn & KT) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global battery electrolyte market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Mitsubishi Chemical Corporation, BASF SE, Solvay SA, LG Chem Ltd., UBE Industries Ltd., Sumitomo Chemical Co., Ltd., Toda Kogyo Corp., Shenzhen Capchem Technology Co., Ltd., TOMIYAMA Pure Chemical Industries, Ltd., Merck KGaA, Targray Industries Inc., 3M Co., Advanced Electrolyte Technologies, LLC, Umicore, Toray Industries Inc., POSCO, Hitachi Chemical, American Elements, Gelest, Inc, and Daikin America Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global battery electrolyte market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global battery electrolyte market.

Market Segmentation

Battery Type:
- Lithium-Ion
- Lead Acid
- Flow Battery
- Nickel Metal
- Others
Electrolyte Type:
- Liquid Electrolyte
- Solid Electrolyte
- Gel Electrolyte
- Others
End User:
- Industrial
- Transportation
- Energy Storage
- Consumer Electronics
- Electric Vehicle Battery (EVs)
- Residential
- Others
Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Mitsubishi Chemical Corporation
- BASF SE
- Solvay SA
- LG Chem Ltd.
- UBE Industries Ltd.
- Sumitomo Chemical Co., Ltd.
- Toda Kogyo Corp.
- Shenzhen Capchem Technology Co., Ltd.
- TOMIYAMA Pure Chemical Industries, Ltd.
- Merck KGaA
- Targray Industries Inc.
- 3M Co.
- Advanced Electrolyte Technologies, LLC
- Umicore
- Toray Industries Inc.
- POSCO
- Hitachi Chemical
- American Elements
- Gelest, Inc
- Daikin America Inc.

Product Code: CMI6847

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Battery Type
- Market Snippet, By Electrolyte Type
- Market Snippet, By End-User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trends

4. Global Battery Electrolyte Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Battery Electrolyte Market
Impact Analysis

5. Global Battery Electrolyte Market, By Battery Type, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Lithium-Ion
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Lead Acid
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Flow Battery
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Nickel Metal
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Battery Electrolyte Market, By Electrolyte Type, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Liquid Electrolyte
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Solid Electrolyte
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Gel Electrolyte
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Battery Electrolyte Market, By End-User, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Industrial
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Transportation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Energy Storage
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Consumer Electronics
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Electric Vehicle Battery (EVs)
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Residential
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

8. Global Battery Electrolyte Market, By Region, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Battery Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Electrolyte Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
U.S.
Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Battery Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Electrolyte Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Battery Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Electrolyte Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Battery Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Electrolyte Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Battery Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Electrolyte Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
GCC Countries
Israel
Rest of Middle East & Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Mitsubishi Chemical Corporation
Company Overview
Battery Type Portfolio
Recent Developments/Updates
- BASF SE
- Solvay SA
- LG Chem Ltd.
- UBE Industries Ltd.
- Sumitomo Chemical Co., Ltd.
- Toda Kogyo Corp.
- Shenzhen Capchem Technology Co., Ltd.
- TOMIYAMA Pure Chemical Industries, Ltd.
- Merck KGaA
- Targray Industries Inc.
- 3M Co.
- Advanced Electrolyte Technologies, LLC
- Umicore
- Toray Industries Inc.
- POSCO
- Hitachi Chemical
- American Elements
- Gelest, Inc
- Daikin America Inc.

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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