Battery Electrolyte Market by Battery Type and State of Electrolyte [Lead-acid (Liquid Electrolyte, and Gel Electrolyte), Lithium-ion (Liquid Electrolyte)], and Region(APAC, North America, Europe, South America, and MEA)- Global Forecast to 2023
[145 Pages Report] The Battery Electrolyte Market was valued at USD 3.70 Billion in 2017 and is projected to reach USD 6.18 Billion by 2023, at a CAGR of 8.1% during the forecast period.
The objectives of this study are:
- To define, describe, and forecast the battery electrolyte market, in terms of value and volume, based on battery type and its state of electrolyte and region
- To forecast the size of the battery electrolyte market, in terms of value, for five key regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America, along with their key countries
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the overall market
- To analyze opportunities in the battery electrolytes market for stakeholders and provide competitive landscape of the market
- To strategically profile key players operating in the battery electrolyte market and comprehensively analyze their core competencies
- To analyze competitive developments such expansions, acquisitions, and joint ventures adopted by leading players in the battery electrolyte market
The years that have been considered for the study are as follows:
- Base Year2017
- Estimated Year2018
- Projected Year2023
- Forecast Period2018 to 2023
- For the companies profiled in the report, 2017 has been considered the base year. In certain cases, wherein information is unavailable for the base year, the years prior to it have been considered.
Research Methodology
The research methodology used to estimate and forecast the size of the battery electrolyte market begins with capturing data from the revenues of key vendors. This data has been obtained from various secondary sources such as Hoovers, Bloomberg, Factiva, and various other government and private websites. The offerings of vendors have been taken into consideration to determine the segmentation of the battery electrolyte market. After arriving at the overall market size, it has been split into several segments and subsegments, which have been later verified through primary research by conducting extensive interviews with key personnel such as chief executive officers, vice presidents, directors, and executives of leading companies operating in the battery electrolyte market. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the battery electrolytes market. The breakdown of profiles of primaries has been depicted in the figure below.
To know about the assumptions considered for the study, download the pdf brochure
The battery electrolyte market has a diversified ecosystem of upstream players, which includes raw material suppliers, along with downstream stakeholders, vendors of battery electrolyte, end users, and government organizations. Mitsubishi Chemical Corporation (Japan), Ube Industries (Japan), Shenzhen Capchem Technology Co., Ltd. (China), Johnson Controls (US), Guangzhou Tinci Materials Technology Co., Ltd. (China), GS Yuasa Corporation (Japan), 3M (US), BASF SE (Germany), LG Chem (South Korea), and American Elements (US) are the key players operating in the battery electrolyte market.
Target Audience
- Manufacturers of Battery Electrolyte
- Traders, Distributors, and Suppliers of Battery Electrolyte
- Government and Research Organizations
- Associations and Industrial Bodies
- R&D Institutions
- Environment Supporting Agencies
- End-use Industries
- Investment Banks & Private Equity Firms
This study answers several questions for the stakeholders, primarily the market segments that they need to focus upon during the next two to five years, so that they can prioritize their efforts and investments accordingly.
Scope of the Report:
This research report categorizes the battery electrolyte market based on battery type and its state of electrolyte and region. It forecasts revenues as well as analyzes trends in each of the following submarkets.
Battery Electrolyte Market, By Battery Type and Its State of Electrolyte
- Lead-acid Battery Electrolyte
- Liquid Electrolyte
- Gel Electrolyte
- Lithium-ion Battery Electrolyte
- Liquid Electrolyte
Battery Electrolyte Market, By Region
- Asia Pacific
- North America
- Europe
- Middle East & Africa
- South America
The following customization options are available for the report
With the given market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:
- Further breakdown of Rest of Asia Pacific, Rest of Europe, and Rest of Middle East & Africa
- Detailed analysis and profiling of the additional market players (up to five)
- Market analysis for solid-state lithium-ion battery electrolyte
The battery electrolyte market is projected to grow from USD 4.20 Billion in 2018 to USD 6.18 Billion by 2023, at a CAGR of 8.1 % from 2018 to 2023. Increasing adoption of EV to reduce carbon footprint, rapid increase in automotive sales, high demand from replacement market of batteries, and increasing share of alternative energy sources in the energy mix are the key factors driving the growth of the battery electrolyte market.
Based on battery type, the lithium-ion battery electrolyte segment of the battery electrolyte market is projected to grow at a higher CAGR from 2018 to 2023. Increased production of lithium-ion battery for EVs is the main reason for the growth of this segment. The Electric Vehicles Initiative (EVI) is a multi-government policy to accelerate the adoption of electric vehicles worldwide. The current EVI members list includes Canada, China, Finland, France, Germany, India, Japan, Mexico, the Netherlands, Norway, Sweden, the UK, and the US. These countries have set an ambitious target to change 30% of its total vehicles fleet to electric vehicles. Investments are being done in the lithium-ion battery electrolytes market owing to the increasing production of lithium-ion batteries.
The Asia Pacific region is the largest market for battery electrolyte in the world. The market for electrolyte is growing due to the increased demand from various end-use industries, such as EVs, energy storage, and portable consumer electronics. The demand is also driven by the increasing number of telecom towers, increasing awareness on clean energy generation, rising electrification drive in developing countries, growing automobiles sales, rising demand for industrial storage, dropping solar energy prices, etc.
The high capital cost of EVs as compared to conventional vehicles is restraining the growth of the lithium-ion battery electrolyte market. There is a lack of recycling technologies for lithium-ion batteries. In addition, these technologies are not profitable and require subsidies to make them commercially viable.
Mitsubishi Chemical Corporation (Japan), Ube Industries (Japan), Shenzhen Capchem Technology Co., Ltd. (China), Johnson Controls (US), Guangzhou Tinci Materials Technology Co., Ltd. (China), GS Yuasa Corporation (Japan), 3M (US), BASF SE (Germany), LG Chem (South Korea), and American Elements (US) are among the leading players operating in the battery electrolyte market. These companies have adopted various strategies such as expansions, acquisitions, and joint ventures to meet the growing demand for battery electrolyte as well as increase their market presence.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 17)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
1.6 Limitations
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 28)
3.1 Introduction
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities for Players in the Battery Electrolyte Market
4.2 Battery Electrolyte Market, By Battery Type and Its State of Electrolyte
4.3 Battery Electrolytes Market, By Region
5 Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Electric Vehicles
5.2.1.2 Increasing Awareness About Renewable Energy Storage
5.2.1.3 Increasing Adoption of Consumer Electronics
5.2.2 Restraints
5.2.2.1 High Cost of Electric Vehicles as Compared to Conventional Crude Vehicles
5.2.2.2 Lack of Efficient Recycling Technologies for Battery Materials
5.2.3 Opportunities
5.2.3.1 Increasing Research Activities to Develop New Electrolytes
5.2.3.2 Rise in Local Electrolyte Manufacturers for Lead and Lithium-Ion Batteries in APAC
5.2.4 Challenges
5.2.4.1 Lack of Government Subsidies and Incentives for Lithium-Ion Battery Manufacturers in Emerging Markets
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Economic Indicators
5.4.1 Industry Outlook
5.4.1.1 Electric Vehicles (Evs)
5.4.1.2 Electricity Storage
6 Battery Electrolyte Market, By Battery Type and Its State of Electrolyte (Page No. - 42)
6.1 Introduction
6.2 Lead-Acid Battery
6.2.1 Liquid Electrolyte
6.2.2 Gel Electrolyte
6.3 Lithium-Ion Battery
6.3.1 Liquid Electrolyte
6.3.2 Solid Electrolyte
7 Battery Electrolyte Market, By Region (Page No. - 52)
7.1 Introduction
7.2 Asia Pacific
7.2.1 China
7.2.2 India
7.2.3 Japan
7.2.4 South Korea
7.2.5 Rest of Asia Pacific
7.3 Europe
7.3.1 Germany
7.3.2 France
7.3.3 UK
7.3.4 Netherlands
7.3.5 Italy
7.3.6 Rest of Europe
7.4 North America
7.4.1 Us
7.4.2 Canada
7.4.3 Mexico
7.5 Middle East & Africa
7.5.1 Saudi Arabia
7.5.2 Israel
7.5.3 UAE
7.5.4 Rest of Middle East & Africa
7.6 South America
7.6.1 Brazil
7.6.2 Argentina
7.6.3 Rest of South America
8 Competitive Landscape (Page No. - 106)
8.1 Overview
8.2 Market Ranking of Key Players
8.3 Competitive Scenario
8.3.1 Expansions
8.3.2 Acquisitions
8.3.3 Joint Ventures
9 Company Profiles (Page No. - 111)
9.1 Mitsubishi Chemicals Corporation
9.2 UBE Industries
9.3 Shenzhen Capchem Technology Co., Ltd.
9.4 Johnson Controls
9.5 Guangzhou Tinci Materials Technology Co., Ltd.
9.6 GS Yuasa
9.7 3M
9.8 BASF SE
9.9 LG Chem
9.10 American Elements
9.11 Other Key Players
9.11.1 Tokyo Chemical Industry (TCI)
9.11.2 Toshima Manufacturing Co. Ltd.
9.11.3 Advanced Electrolyte Technologies LLC
9.11.4 Soulbrain Mi
9.11.5 Gelest, Inc.
9.11.6 Targray
9.11.7 Ceramtec
9.11.8 Ohara Corporation
9.11.9 Daikin America
9.11.10 Nohms Technologies
9.11.11 Panax Etec
9.11.12 Stella Chemifa Corporation
9.11.13 Guangdong Jinguang High-Tech Co., Ltd.
9.11.14 Zhangjiagang Guotai Huarong Chemical New Material Co., Ltd.
9.11.15 Tomiyama Pure Chemical Industries
10 Appendix (Page No. - 138)
10.1 Discussion Guide
10.2 Knowledge Store: Marketsandmarkets Subscription Portal
10.3 Introducing RT: Real-Time Market Intelligence
10.4 Available Customizations
10.5 Related Reports
10.6 Author Details
List of Tables (132 Tables)
Table 1 Battery Electrolyte Market Snapshot
Table 2 Market, By Battery Type, 20162023 (USD Million)
Table 3 Market, By Battery Type, 20162023 (Kilotons)
Table 4 Lead-Acid Battery Electrolytes Market, By State of Electrolyte, 20162023 (USD Million)
Table 5 Lead-Acid Market, By State of Electrolyte, 20162023 (Kilotons)
Table 6 Lead-Acid Market, By Region, 20162023 (USD Million)
Table 7 Lead-Acid Market, By Region, 20162023 (Kilotons)
Table 8 Liquid Lead-Acid Battery Electrolyte Market, By Region, 20162023 (USD Million)
Table 9 Liquid Lead-Acid Market, By Region, 20162023 (Kilotons)
Table 10 Gel Lead-Acid Battery Electrolytes Market, By Region, 20162023 (USD Million)
Table 11 Gel Lead-Acid Market, By Region, 20162023 (Kilotons)
Table 12 Lithium-Ion Battery Electrolyte Market, By Region, 20162023 (USD Million)
Table 13 Lithium-Ion Market, By Region, 20162023 (Kilotons)
Table 14 Market, By Region, 20162023 (USD Million)
Table 15 Market, By Region, 20162023 (Kilotons)
Table 16 Asia Pacific Market, By Country, 20162023 (USD Million)
Table 17 Asia Pacific Market, By Country, 20162023 (Kilotons)
Table 18 Asia Pacific Market, By Battery Type, 20162023 (USD Million)
Table 19 Asia Pacific Market, By Battery Type, 20162023 (Kilotons)
Table 20 Asia Pacific Market, By State of Electrolyte, 20162023 (USD Million)
Table 21 Asia Pacific Market, By Battery Type, 20162023 (Kilotons)
Table 22 China Market, By Battery Type, 20162023 (USD Million)
Table 23 China Market, By Battery Type, 20162023 (Kilotons)
Table 24 China Market, By State of Electrolyte, 20162023 (USD Million)
Table 25 China Market, By State of Electrolyte, 20162023 (Kilotons)
Table 26 India Market, By Battery Type, 20162023 (USD Million)
Table 27 India Market, By Battery Type, 20162023 (Kilotons)
Table 28 India Market, By State of Electrolyte, 20162023 (USD Million)
Table 29 India Market, By State of Electrolyte, 20162023 (Kilotons)
Table 30 Japan Market, By Battery Type, 20162023 (USD Million)
Table 31 Japan Market, By Battery Type, 20162023 (Kilotons)
Table 32 Japan Market, By State of Electrolyte, 20162023 (USD Million)
Table 33 Japan Market, By State of Electrolyte, 20162023 (Kilotons)
Table 34 South Korea Market, By Battery Type, 20162023 (USD Million)
Table 35 South Korea Market, By Battery Type, 20162023 (Kilotons)
Table 36 South Korea Market, By State of Electrolyte, 20162023 (USD Million)
Table 37 South Korea Market, By State of Electrolyte, 20162023 (Kilotons)
Table 38 Rest of Asia Pacific Market, By Battery Type, 20162023 (USD Million)
Table 39 Rest of Asia Pacific Market, By Battery Type, 20162023 (Kilotons)
Table 40 Rest of Asia Pacific Market, By State of Electrolyte, 20162023 (USD Million)
Table 41 Rest of Asia Pacific Market, By State of Electrolyte, 20162023 (Kilotons)
Table 42 Europe Market, By Country, 20162023 (USD Million)
Table 43 Europe Market, By Country, 20162023 (Kilotons)
Table 44 Europe Market, By Battery Type, 20162023 (USD Million)
Table 45 Europe Market, By Battery Type, 20162023 (Kilotons)
Table 46 Europe Market, By State of Electrolyte, 20162023 (USD Million)
Table 47 Europe Market, By State of Electrolyte, 20162023 (Kilotons)
Table 48 Germany Market, By Battery Type, 20162023 (USD Million)
Table 49 Germany Market, By Battery Type, 20162023 (Kilotons)
Table 50 Germany Market, By State of Electrolyte, 20162023 (USD Million)
Table 51 Germany Market, By State of Electrolyte, 20162023 (Kilotons)
Table 52 France Market, By Battery Type, 20162023 (USD Million)
Table 53 France Market, By Battery Type, 20162023 (Kilotons)
Table 54 France Market, By State of Electrolyte, 20162023 (USD Million)
Table 55 France Market, By State of Electrolyte, 20162023 (Kilotons)
Table 56 UK Market, By Battery Type, 20162023 (USD Million)
Table 57 UK Market, By Battery Type, 20162023 (Kilotons)
Table 58 UK Market, By State of Electrolyte, 20162023 (USD Million)
Table 59 UK Market, By State of Electrolyte, 20162023 (Kilotons)
Table 60 Netherlands Market, By Battery Type, 20162023 (USD Million)
Table 61 Netherlands Market, By Battery Type, 20162023 (Kilotons)
Table 62 Netherlands Market, By State of Electrolyte, 20162023 (USD Million)
Table 63 Netherlands Market, By State of Electrolyte, 20162023 (Kilotons)
Table 64 Italy Market, By Battery Type, 20162023 (USD Million)
Table 65 Italy Market, By Battery Type, 20162023 (Kilotons)
Table 66 Italy Market, By State of Electrolyte, 20162023 (USD Million)
Table 67 Italy Market, By State of Electrolyte, 20162023 (Kilotons)
Table 68 Rest of Europe Market, By Battery Type, 20162023 (USD Million)
Table 69 Rest of Europe Market, By Battery Type, 20162023 (Kilotons)
Table 70 Rest of Europe Market, By State of Electrolyte, 20162023 (USD Million)
Table 71 Rest of Europe Market, By State of Electrolyte, 20162023 (Kilotons)
Table 72 North America Market, By Country, 20162023 (USD Million)
Table 73 North America Market, By Country, 20162023 (Kilotons)
Table 74 North America Market, By Battery Type, 20162023 (USD Million)
Table 75 North America Market, By Battery Type, 20162023 (Kilotons)
Table 76 North America Market, By State of Electrolyte, 20162023 (USD Million)
Table 77 North America Market, By State of Electrolyte, 20162023 (Kilotons)
Table 78 US Market, By Battery Type, 20162023 (USD Million)
Table 79 US Market, By Battery Type, 20162023 (Kilotons)
Table 80 US Market, By State of Electrolyte, 20162023 (USD Million)
Table 81 US Market, By State of Electrolyte, 20162023 (Kilotons)
Table 82 Canada Market, By Battery Type, 20162023 (USD Million)
Table 83 Canada Market, By Battery Type, 20162023 (Kilotons)
Table 84 Canada Market, By State of Electrolyte, 20162023 (USD Million)
Table 85 Canada Market, By State of Electrolyte, 20162023 (Kilotons)
Table 86 Mexico Market, By Battery Type, 20162023 (USD Million)
Table 87 Mexico Market, By Battery Type, 20162023 (Kilotons)
Table 88 Mexico Market, By State of Electrolyte, 20162023 (USD Million)
Table 89 Mexico Market, By State of Electrolyte, 20162023 (Kilotons)
Table 90 Middle East & Africa Market, By Country, 20162023 (USD Million)
Table 91 Middle East & Africa Market, By Country, 20162023 (Kilotons)
Table 92 Middle East & Africa Market, By Battery Type, 20162023 (USD Million)
Table 93 Middle East & Africa Market, By Battery Type, 20162023 (Kilotons)
Table 94 Middle East & Africa Market, By State of Electrolyte, 20162023 (USD Million)
Table 95 Middle East & Africa Market, By State of Electrolyte, 20162023 (Kilotons)
Table 96 Saudi Arabia Market, By Battery Type, 20162023 (USD Million)
Table 97 Saudi Arabia Market, By Battery Type, 20162023 (Kilotons)
Table 98 Saudi Arabia Market, By State of Electrolyte, 20162023 (USD Million)
Table 99 Saudi Arabia Market, By State of Electrolyte, 20162023 (Kilotons)
Table 100 Israel Market, By Battery Type, 20162023 (USD Million)
Table 101 Israel Market, By Battery Type, 20162023 (Kilotons)
Table 102 Israel Market, By State of Electrolyte, 20162023 (USD Million)
Table 103 Israel Market, By State of Electrolyte, 20162023 (Kilotons)
Table 104 UAE Market, By Battery Type, 20162023 (USD Million)
Table 105 UAE Market, By Battery Type, 20162023 (Kilotons)
Table 106 UAE Market, By State of Electrolyte, 20162023 (USD Million)
Table 107 UAE Market, By State of Electrolyte, 20162023 (Kilotons)
Table 108 Rest of Middle East & Africa Market, By Battery Type, 20162023 (USD Million)
Table 109 Rest of Middle East & Africa Market, By Battery Type, 20162023 (Kilotons)
Table 110 Rest of Middle East & Africa Market, By State of Electrolyte, 20162023 (USD Million)
Table 111 Rest of Middle East & Africa Market, By State of Electrolyte, 20162023 (Kilotons)
Table 112 South America Market, By Country, 20162023 (USD Million)
Table 113 South America Market, By Country, 20162023 (Kilotons)
Table 114 South America Market, By Battery Type, 20162023 (USD Million)
Table 115 South America Market, By Battery Type, 20162023 (Kilotons)
Table 116 South America Market, By State of Electrolyte, 20162023 (USD Million)
Table 117 South America Market, By State of Electrolyte, 20162023 (Kilotons)
Table 118 Brazil Market, By Battery Type, 20162023 (USD Million)
Table 119 Brazil Market, By Battery Type, 20162023 (Kilotons)
Table 120 Brazil Market, By State of Electrolyte, 20162023 (USD Million)
Table 121 Brazil Market, By State of Electrolyte, 20162023 (Kilotons)
Table 122 Argentina Market, By Battery Type, 20162023 (USD Million)
Table 123 Argentina Market, By Battery Type, 20162023 (Kilotons)
Table 124 Argentina Market, By State of Electrolyte, 20162023 (USD Million)
Table 125 Argentina Market, By State of Electrolyte, 20162023 (Kilotons)
Table 126 Rest of South America Market, By Battery Type, 20162023 (USD Million)
Table 127 Rest of South America Market, By Battery Type, 20162023 (Kilotons)
Table 128 Rest of South America Market, By State of Electrolyte, 20162023 (USD Million)
Table 129 Rest of South America Market, By State of Electrolyte, 20162023 (Kilotons)
Table 130 Expansions, January 2013-March 2018
Table 131 Acquisitions, January 2013-March 2018
Table 132 Joint Ventures, January 2013-March 2018
List of Figures (36 Figures)
Figure 1 Battery Electrolyte Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Battery Electrolytes Market: Data Triangulation
Figure 5 The Lithium-Ion Battery Segment is Expected to Grow at A Higher Cagr During the Forecast Period
Figure 6 APAC Accounted for Largest Share of the Battery Electrolyte Market in 2017
Figure 7 Emerging Economies to Offer Lucrative Growth Opportunities to Key Players
Figure 8 Lead-Acid Battery Segment is Expected to Lead the Battery Electrolytes Market Between 2018 and 2023
Figure 9 Battery Electrolytes Market in Asia Pacific is Projected to Grow at the Highest Cagr During the Forecast Period
Figure 10 Drivers, Restraints, Opportunities, and Challenges for the Battery Electrolyte Market
Figure 11 Porters Five Forces Analysis
Figure 12 Electric Vehicle Sales, 2013-2016 (In Million)
Figure 13 Decline in Lithium-Ion Battery CAPACity Prices, 2010-2016 (USD/Kwh)
Figure 14 Lead-Acid Battery is Expected to Be the Largest Segment of the Battery Electrolyte Market During the Forecast Period
Figure 15 Liquid Electrolytes Segment is Expected to Lead the Lead-Acid Battery Electrolytes Market in 2018
Figure 16 Lead-Acid Battery Segment in Asia Pacific is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 17 Asia Pacific is Expected to Be the Largest and the Fastest-Growing Market for Liquid Electrolyte During the Forecast Period
Figure 18 Europe is Expected to Be the Second-Largest Market for Gel Electrolyte in 2018
Figure 19 Lithium-Ion Battery Segment in Asia Pacific is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 20 China is Expected to Be the Fastest-Growing Market for Battery Electrolyte
Figure 21 Asia Pacific Battery Electrolyte Market Snapshot
Figure 22 Europe Battery Electrolytes Market Snapshot
Figure 23 North America Battery Electrolyte Market Snapshot
Figure 24 Middle East & Africa Battery Electrolytes Market Snapshot
Figure 25 South America Battery Electrolyte Market Snapshot
Figure 26 Companies Primarily Adopted Both Organic and Inorganic Growth Strategies Between January 2013 and March 2018
Figure 27 Market Share of Key Players, 2017
Figure 28 Mitsubishi Chemicals Corporation: Company Snapshot
Figure 29 UBE Industries: Company Snapshot
Figure 30 Shenzhen Capchem: Company Snapshot
Figure 31 Johnson Controls: Company Snapshot
Figure 32 Guangzhou Tinci Materials Technology Co., Ltd.: Company Snapshot
Figure 33 GS Yuasa: Company Snapshot
Figure 34 3M: Company Snapshot
Figure 35 BASF SE: Company Snapshot
Figure 36 LG Chem: Company Snapshot
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