PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616227
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616227
Non-aqueous Electrolyte Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Non-Aqueous Electrolyte Market was valued at USD 4.2 billion in 2023. Projections indicate a CAGR of 10.9% from 2024 to 2032, driven by the surging adoption of electric vehicles (EVs) and breakthroughs in energy storage technologies. The escalating emphasis on renewable energy and efficient storage solutions bolsters the demand for these electrolytes. Furthermore, ongoing R&D efforts to enhance electrolyte performance and safety play a pivotal role in the market's growth. Key trends in the market include the creation of high-performance electrolytes boasting enhanced energy density and stability for catering to the needs of cutting-edge battery technologies.
Responding to tightening environmental regulations and shifting consumer preferences, there is a pronounced focus on eco-friendly and less toxic electrolyte formulations. Moreover, the surge in solid-state battery innovations is propelling the uptake of solid non-aqueous electrolytes, lauded for their superior safety and performance. The non-aqueous electrolyte industry is classified into type, application, end-use, and region. The market, segmented by type, includes inorganic and organic categories.
In 2023, inorganic electrolytes commanded a leading market share, valued at USD 3.2 billion, with projections to soar to USD 8.6 billion by 2032. Their dominance stems from superior stability, heightened ionic conductivity, and a broader electrochemical stability window when juxtaposed with organic counterparts. Such attributes, especially their ability to bolster battery life and safety, render them the go-to choice for high-energy applications. Notably, inorganic variants like lithium salts are indispensable for achieving the elevated energy densities that contemporary batteries demand. Applications of the market span lithium-ion, solid-state, sodium-ion batteries, among others.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $4.2 Billion |
| Forecast Value | $11.3 Billion |
| CAGR | 10.9% |
In 2023, lithium-ion batteries captured a commanding 70% market share, with expectations of continued growth through 2032. Their supremacy in the non-aqueous electrolyte market is attributed to their elevated energy density, extended cycle life, and prevalent application in consumer electronics and EVs. The relentless demand for portable electronics, coupled with the push for electric vehicles and renewable energy storage, underscores the need for these batteries. In 2023, the Asia Pacific emerged as the front runner in the global non-aqueous electrolyte market, amassing revenues of USD 1.9 billion. Projections suggest a climb to USD 5 billion by 2032. The region's dominance is anchored in its formidable manufacturing prowess, expansive consumer base, and substantial investments in cutting-edge battery technologies.
Notably, nations like China, Japan, and South Korea stand out as pivotal centers for the electronics and automotive sectors, further amplifying the demand for high-performance non-aqueous electrolytes.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
- 3.2.3.1 New opportunities
- 3.2.3.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.3.2.1 Sustainable manufacturing
- 3.3.2.1.1 Green practices
- 3.3.2.1.2 Decarbonization
- 3.3.2.1 Sustainable manufacturing
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton), 2021 - 2032
- 3.3.4.1 North America
- 3.3.4.2 Europe
- 3.3.4.3 Asia Pacific
- 3.3.4.4 Latin America
- 3.3.4.5 Middle East & Africa
- 3.4 Regulations & market impact
- 3.5 Porter's analysis
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Type, 2021-2032 (USD Million, Kilo Tons)
- 5.1 Key trends
- 5.2 Inorganic
- 5.3 Organic
Chapter 6 Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)
- 6.1 Key trends
- 6.2 Lithium-ion battery
- 6.3 Solid-state battery
- 6.4 Sodium-ion battery
- 6.5 Others (supercapacitors, fuel cell, others)
Chapter 7 Market Size and Forecast, By End Use, 2021-2032 (USD Million, Kilo Tons)
- 7.1 Key trends
- 7.2 Automotive
- 7.3 Consumer electronics
- 7.4 Industrial
- 7.5 Energy storage systems
- 7.6 Others (aerospace & defense, others)
Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Malaysia
- 8.4.7 Indonesia
- 8.4.8 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 South Africa
- 8.6.3 UAE
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 American Elements
- 9.2 Amprius Technologies
- 9.3 Ampcera
- 9.4 CAPCHEM
- 9.5 Contemporary Amperex Technology Co., Limited
- 9.6 Electrovaya
- 9.7 LG Chem
- 9.8 Mitsubishi Gas Chemical Company Inc.
- 9.9 Mitsui Chemicals Inc.
- 9.10 NEI Corporation
- 9.11 POSCO
- 9.12 Solid Power
- 9.13 Targray
- 9.14 UBE Corporation
