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PUBLISHER: IMARC | PRODUCT CODE: 1561506
PUBLISHER: IMARC | PRODUCT CODE: 1561506
Battery Electrolyte Market Report by Battery Type, Electrolyte Type, End User, and Region 2024-2032
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The global battery electrolyte market size reached US$ 10.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2024-2032.
Electrolytes are liquid or paste-like substances that transport positively charged ions between the cathode and anode terminals inside batteries to produce electricity. Their different chemical compounds find application depending on the type of battery. For instance, lead-acid batteries use sulfuric acid to create the intended reaction, while household alkaline batteries contain potassium hydroxide as electrolytes. Similarly, zinc-air batteries rely on oxidizing zinc with oxygen and lithium batteries have lithium salt solution, such as lithium hexafluorophosphate (LiPF6).
Battery Electrolyte Market Trends:
The emerging trend of high-end consumer electronics, such as smartphones, laptops, digital cameras, gaming consoles, and torches, represents one of the major factors driving the demand for electrolyte-based lithium-ion batteries worldwide. Moreover, the escalating demand for electric vehicles (EVs) on account of the growing focus on sustainable development and the awareness about the adverse effects of using petroleum-based automobiles is impelling the market growth. Additionally, governing agencies of numerous countries are offering subsidies and implementing favorable initiatives to promote the adoption of EVs, which, in turn, is contributing to market growth. Apart from this, increasing sales of vacuum cleaners due to sedentary lifestyles, hectic working schedules, inflating income levels, and rapid urbanization are driving the sales of battery electrolytes around the world. This can also be accredited to the growing popularity of smart homes and the rising demand for automated products that can perform household activities in a time-efficient manner. Furthermore, the application of battery electrolytes is expanding in the manufacturing of alkaline zinc-manganese oxide batteries. As a result, the escalating demand for these batteries in still digital cameras, portable liquid crystal televisions (TVs), shavers, office-use appliances, and game equipment is anticipated to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global battery electrolyte market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on battery type, electrolyte type and end user.
Breakup by Battery Type:
- Lead Acid
- Lithium-ion
- Flow Battery
- Others
Breakup by Electrolyte Type:
- Liquid Electrolyte
- Solid Electrolyte
- Gel Electrolyte
- Sodium Chloride
- Nitric Acid
- Sulphuric Acid
- Others
Breakup by End User:
- Electric Vehicle
- Energy Storage
- Consumer Electronics
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, American Elements, BASF SE, GS Yuasa International Ltd., Guangzhou Tinci Materials Technology Co. Ltd., Johnson Controls, LG Chem Ltd., Mitsubishi Chemical Corporation, Mitsui Chemicals Inc., Shenzhen Capchem Technology Co. Ltd., Targray and Ube Industries Ltd.
Key Questions Answered in This Report:
- How has the global battery electrolyte market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global battery electrolyte market?
- What are the key regional markets?
- What is the breakup of the market based on the battery type?
- What is the breakup of the market based on the electrolyte type?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global battery electrolyte market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112024A4800
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Battery Electrolyte Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Battery Type
- 6.1 Lead Acid
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Lithium-ion
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Flow Battery
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Electrolyte Type
- 7.1 Liquid Electrolyte
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Solid Electrolyte
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Gel Electrolyte
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Sodium Chloride
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Nitric Acid
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Sulphuric Acid
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Others
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
8 Market Breakup by End User
- 8.1 Electric Vehicle
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Energy Storage
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Consumer Electronics
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 3M Company
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 American Elements
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 BASF SE
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 GS Yuasa International Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Guangzhou Tinci Materials Technology Co. Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Johnson Controls
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 LG Chem Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Mitsubishi Chemical Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Mitsui Chemicals Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Shenzhen Capchem Technology Co. Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 Targray
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Ube Industries Ltd.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 3M Company
Product Code: SR112024A4800
List of Figures
- Figure 1: Global: Battery Electrolyte Market: Major Drivers and Challenges
- Figure 2: Global: Battery Electrolyte Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Battery Electrolyte Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Battery Electrolyte Market: Breakup by Battery Type (in %), 2023
- Figure 5: Global: Battery Electrolyte Market: Breakup by Electrolyte Type (in %), 2023
- Figure 6: Global: Battery Electrolyte Market: Breakup by End User (in %), 2023
- Figure 7: Global: Battery Electrolyte Market: Breakup by Region (in %), 2023
- Figure 8: Global: Battery Electrolyte (Lead Acid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Battery Electrolyte (Lead Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Battery Electrolyte (Lithium-ion) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Battery Electrolyte (Lithium-ion) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Battery Electrolyte (Flow Battery) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Battery Electrolyte (Flow Battery) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Battery Electrolyte (Other Battery Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Battery Electrolyte (Other Battery Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Battery Electrolyte (Liquid Electrolyte) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Battery Electrolyte (Liquid Electrolyte) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Battery Electrolyte (Solid Electrolyte) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Battery Electrolyte (Solid Electrolyte) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Battery Electrolyte (Gel Electrolyte) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Battery Electrolyte (Gel Electrolyte) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Battery Electrolyte (Sodium Chloride) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Battery Electrolyte (Sodium Chloride) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Battery Electrolyte (Nitric Acid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Battery Electrolyte (Nitric Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Battery Electrolyte (Sulphuric Acid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Battery Electrolyte (Sulphuric Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Battery Electrolyte (Other Electrolyte Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Battery Electrolyte (Other Electrolyte Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Battery Electrolyte (Electric Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Battery Electrolyte (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Battery Electrolyte (Energy Storage) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Battery Electrolyte (Energy Storage) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Battery Electrolyte (Consumer Electronics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Battery Electrolyte (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Global: Battery Electrolyte (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Global: Battery Electrolyte (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: North America: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: North America: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: United States: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: United States: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Canada: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Canada: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Asia-Pacific: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Asia-Pacific: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: China: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: China: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Japan: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Japan: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: India: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: India: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: South Korea: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: South Korea: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Australia: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Australia: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Indonesia: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Indonesia: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Others: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Others: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Europe: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Europe: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Germany: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Germany: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: France: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: France: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: United Kingdom: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: United Kingdom: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Italy: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Italy: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Spain: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Spain: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Russia: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Russia: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Others: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Others: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Latin America: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Latin America: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Brazil: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Brazil: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Mexico: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Mexico: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Others: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 83: Others: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 84: Middle East and Africa: Battery Electrolyte Market: Sales Value (in Million US$), 2018 & 2023
- Figure 85: Middle East and Africa: Battery Electrolyte Market: Breakup by Country (in %), 2023
- Figure 86: Middle East and Africa: Battery Electrolyte Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 87: Global: Battery Electrolyte Industry: SWOT Analysis
- Figure 88: Global: Battery Electrolyte Industry: Value Chain Analysis
- Figure 89: Global: Battery Electrolyte Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Battery Electrolyte Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Battery Electrolyte Market Forecast: Breakup by Battery Type (in Million US$), 2024-2032
- Table 3: Global: Battery Electrolyte Market Forecast: Breakup by Electrolyte Type (in Million US$), 2024-2032
- Table 4: Global: Battery Electrolyte Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 5: Global: Battery Electrolyte Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Battery Electrolyte Market: Competitive Structure
- Table 7: Global: Battery Electrolyte Market: Key Players
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