Product Code: GVR-4-68040-259-0
Battery Electrolyte Market Growth & Trends:
The global battery electrolyte market size is anticipated to reach USD 25.36 billion by 2030 and is projected to grow at a CAGR of 13.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. One of the main factors propelling market growth is the rising demand for lithium-ion batteries from automotive industry. Another factor boosting market growth is the rising demand for industrial batteries to power homes, buildings, and machinery & equipment at construction sites. For instance, the largest lithium-ion battery installation, which is powered by Tesla, is located in South Australia. With its 100-megawatt capacity, it can light 30,000 houses. In addition, it announced a capacity increase of 50%, bringing it to 150 MW.
Industrial power including chemical, shipping, metal, and mining was the largest application for batteries owing to rapid industrialization. The large manufacturing base of chemical companies along with the presence of large giants including Bayer, BASF, Dow Chemical, and AkzoNobel will increase industry penetration over the forecast period. Moreover, the presence of large steel manufacturers including Hebei Iron & Steel Group, Baosteel Group Corp., WISCO, Jiangsu Shagang Group, Shougang Group, Anshan Iron & Steel Group, Shandong Iron & Steel Group, Maanshan Iron & Steel Co., Bohai Iron & Steel Group, and Valin Group is anticipated to further aid market penetration.
The market is expected to witness initiatives by market players to expand end-user segments in emerging markets. Battery electrolyte manufacturers and end-user partnerships are expected to be critical for attaining an economically efficient technological change. The introduction of renewable energy generation and storage technologies to replace the existing power storage technologies is anticipated to lead to high costs, which is projected to challenge the innovations carried out by key market players like 3M Co., UBE Industries Ltd., Guangzhou Tinci Materials Technology Co. Ltd, Mitsubishi Chemical Holdings Corporation, Targray Industries Inc. NOHMs Technologies Inc.
Battery Electrolyte Market Report Highlights:
- Based on revenue, the lead acid segment held the market with the largest revenue share of 34.3% in 2023 and is further expected to grow at a steady CAGR over the forecast period
- Based on application, the automotive segment held the market with the largest revenue share of 30.7% in 2023
- Based on electrolyte type, the gel segment led the market with the largest revenue share of 42.3% in 2023
- North America is expected to grow at a substantial CAGR during the forecast period
- Asia Pacific region is projected to grow at a substantial CAGR during the forecast period. China is expected to account for the maximum share in the Asia-Pacific region
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Battery Electrolyte Market Variables, Trends & Scope
- 3.1. Global Battery Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Electrolyte Type Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Supplier Battery Type
- 3.6.2. Buyer Battery Type
- 3.6.3. Substitution Threat
- 3.6.4. Threat from New Entrant
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Social Landscape
- 3.7.4. Technological Landscape
- 3.7.5. Environmental Landscape
- 3.7.6. Legal Landscape
Chapter 4. Battery Electrolyte Market: Electrolyte Type Outlook Estimates & Forecasts
- 4.1. Battery Electrolyte Market: Electrolyte Type Movement Analysis, 2023 & 2030
- 4.2. Liquid
- 4.2.1. Market estimates and forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 4.3. Solid
- 4.3.1. Market estimates and forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 4.4. Gel
- 4.4.1. Market estimates and forecast, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 5. Battery Electrolyte Market: Battery Type Outlook Estimates & Forecasts
- 5.1. Battery Electrolyte Market: Battery Type Movement Analysis, 2023 & 2030
- 5.2. Lithium-ion
- 5.2.1. Market estimates and forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 5.3. Lead Acid
- 5.3.1. Market estimates and forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 5.4. Flow Battery
- 5.4.1. Market estimates and forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 5.5. Others
- 5.5.1. Market estimates and forecast, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 6. Battery Electrolyte Market: Application Outlook Estimates & Forecasts
- 6.1. Battery Electrolyte Market: Application Movement Analysis, 2023 & 2030
- 6.2. Automotive
- 6.2.1. Market estimates and forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3. Consumer Electronics
- 6.3.1. Market estimates and forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4. Energy Storage
- 6.4.1. Market estimates and forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5. Others
- 6.5.1. Market estimates and forecast, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 7. Battery Electrolyte Market Regional Outlook Estimates & Forecasts
- 7.1. Regional Snapshot
- 7.2. Battery Electrolyte Market: Regional Movement Analysis, 2023 & 2030
- 7.3. North America
- 7.3.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.4. U.S.
- 7.3.4.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.4.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.4.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.5. Canada
- 7.3.5.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.5.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.5.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.6. Mexico
- 7.3.6.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.6.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.6.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4. Europe
- 7.4.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.4. Germany
- 7.4.4.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.4.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.4.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.5. France
- 7.4.5.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.5.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.5.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.6. Italy
- 7.4.6.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.6.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.6.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.7. UK
- 7.4.7.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.7.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.7.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.8. Spain
- 7.4.8.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.8.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.8.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.9. Hungary
- 7.4.9.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.9.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.9.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5. Asia Pacific
- 7.5.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.4. China
- 7.5.4.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.4.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.4.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.5. South Korea
- 7.5.3.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.3.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.3.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.6. Japan
- 7.5.6.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.6.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.6.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.7. Australia
- 7.5.7.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.7.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.7.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.8. India
- 7.5.8.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.8.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.8.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.6. Central & South America
- 7.6.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.6.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.6.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.6.4. Brazil
- 7.6.4.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.6.4.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.6.4.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.6.5. Argentina
- 7.6.5.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.6.5.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.6.5.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.7. Middle East & Africa
- 7.7.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.7.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.7.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.7.4. Market estimates and forecast, by end-use, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.7.5. Saudi Arabia
- 7.7.5.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.7.5.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.7.5.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.7.6. UAE
- 7.7.6.1. Market estimates and forecast, by Electrolyte Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.7.6.2. Market estimates and forecast, by Battery Type, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.7.6.3. Market estimates and forecast, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Ranking
- 8.4. Heat Map Analysis
- 8.5. Company Market Share Analysis, 2023
- 8.6. Market Strategies
- 8.7. Vendor Landscape
- 8.8. Strategy Mapping
- 8.9. Company Profiles/Listing
- 8.9.1. 3M Co.
- 8.9.1.1. Company Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Benchmarking
- 8.9.2. UBE Industries Ltd
- 8.9.2.1. Company Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Product Benchmarking
- 8.9.3. Guangzhou Tinci Materials Technology Co. Ltd
- 8.9.3.1. Company Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Benchmarking
- 8.9.4. Mitsubishi Chemical Holdings Corporation
- 8.9.4.1. Company Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Benchmarking
- 8.9.5. Targray Industries Inc
- 8.9.5.1. Company Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Product Benchmarking
- 8.9.6. NOHMs Technologies Inc.
- 8.9.6.1. Company Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Benchmarking
- 8.9.7. Shenzhen Capchem Technology Co. Ltd
- 8.9.7.1. Company Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Product Benchmarking
- 8.9.8. Mitsui Chemicals Inc.
- 8.9.8.1. Company Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Benchmarking
- 8.9.9. NEI Corporation
- 8.9.9.1. Company Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Benchmarking