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Battery Electrolyte Market by Battery Type and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2019
  • Pages: 154
  • SKU: IRTNTR40345
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The global battery electrolyte market size has the potential to grow by USD 2.43 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by battery type (lead-acid batteries, Li-ion batteries, and other batteries) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 3M Co., BASF SE, Daikin Industries Ltd., GS Yuasa Corp., Johnson Controls International Plc, LG Chem Ltd., Mitsubishi Chemical Holdings Corp., OHARA Inc., Stella Chemifa Corp., and UBE Industries Ltd.

Market Overview

Battery-Electrolyte-Market-Size

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Market Competitive Analysis

The battery electrolyte market is fragmented, and the degree of fragmentation will remain the same during the forecast period. To expand their geographical reach, the key players in the market are focusing on various growth strategies, including capacity expansions and commencement of new battery manufacturing plants. OHARA Inc., Stella Chemifa Corp., and UBE Industries Ltd. are some of the major market participants. Although the increasing adoption of consumer electronic gadgets will offer immense growth opportunities, the lack of infrastructure to charge EVs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this battery electrolyte market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this battery electrolyte market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading battery electrolyte companies, including:

  • 3M Co.
  • BASF SE
  • Daikin Industries Ltd.
  • GS Yuasa Corp.
  • Johnson Controls International Plc
  • LG Chem Ltd.
  • Mitsubishi Chemical Holdings Corp.
  • OHARA Inc.
  • Stella Chemifa Corp.
  • UBE Industries Ltd.

Battery Electrolyte Market: Segmentation by Region

Battery-Electrolyte-Market-Share-by-Geography

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APAC was the largest battery electrolyte market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The high demand for various batteries, such as lead-acid, Li-ion, nickel-cadmium, and nickel hydride batteries, from the automotive, consumer electronics, and power and energy industries, are some of the significant factors that will influence the market growth in APAC. Moreover, the rising demand for tablets and smartphones and the presence of favorable government initiatives will also significantly contribute to the growth of battery electrolyte market size in the region.

Over 45% of the market’s growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for battery electrolytes in APAC. Market growth in this region will be faster than the growth of the market in other geographies.

Battery Electrolyte Market: Segmentation by Battery Type

Battery-Electrolyte-Market-Share-by-Battery-Type

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Lead-acid batteries are the most common type of large-capacity rechargeable batteries. They are widely used in conventional automobiles, EVs, forklifts, and UPS. These are used to start the engines and lights of motor vehicles and in various other applications, such as communications devices, emergency lighting systems, and power tools owing to their low cost and reliability, established supply chain, and high performance.

However, market growth in this segment will be slower than the growth of the market in the Li-ion batteries segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the battery electrolyte market size.

Battery Electrolyte Market: Key Drivers and Trends

The advent of advanced technologies, such as IoT and cloud-based storage, has increased the sales of consumer electronic products. The demand for consumer electronic products, such as battery-powered audio and video systems, electronic accessories, multimedia players, digital media, and camcorders, has also increased. Moreover, the rising penetration of smart devices, such as smartphones, laptops, and tablets, will increase the demand for batteries. Furthermore, the advances in wireless mobile telecommunications technologies, including 3G and 4G, have increased the adoption of smart devices. The rising sales of smart devices and consumer electronic products will influence the growth of the global battery electrolyte market during the forecast period.

  • Li-ion batteries are an efficient and effective source of power for portable consumer electronic appliances and devices because of their high energy density, flexibility, low weight, and long life.
  • With advances in wearable technologies results in the widening of the applications in professional sports, healthcare, fashion, and others.
  • Reliable batteries are essential for wearable devices, which generate precise and continuous records of vital data, thereby increasing the demand for Li-ion batteries.
  • Battery electrolyte market trends, such as improvements in technology and innovation in product development, will improve the stability of the discharging and charging cycle of Li-ion batteries.
  • During 2020-2024, the market will grow at a CAGR of almost 9%.

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Battery Electrolyte Market: Key Highlights of the Report for the Forecast Period 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will accelerate the battery electrolyte market growth during the next five years
  • Precise estimation of the global battery electrolyte market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the battery electrolyte industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of battery electrolyte vendors 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market Outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 08: MARKET SEGMENTATION BY BATTERY TYPE

  • Market segmentation by battery type
  • Comparison by battery type
  • Lead-acid batteries - Market size and forecast 2019-2024
  • Li-ion batteries - Market size and forecast 2019-2024
  • Other batteries - Market size and forecast 2019-2024
  • Market opportunity by battery type

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Development of binder-free electrodes for Li-ion batteries
  • Rising adoption of wearable technologies
  • Capacity expansions and commencement of new battery manufacturing
  • plants

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 3M Co.
  • BASF SE
  • Daikin Industries Ltd.
  • GS Yuasa Corp.
  • Johnson Controls International Plc
  • LG Chem Ltd.
  • Mitsubishi Chemical Holdings Corp.
  • OHARA Inc.
  • Stella Chemifa Corp.
  • UBE Industries Ltd.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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