MARKET OVERVIEW
Lithium ion (Li-ion) battery is a rechargeable battery commonly used in portable electronic devices. These batteries are used as a power source for consumer appliances like smartphones and tablets, electric vehicle batteries, healthcare equipment, and power storage. This battery comprises an intercalated lithium compound and is typically characterized by high energy density, high operating voltage of 4V, and low self-discharge. The chief components of a Li-ion battery include cathode, anode, electrolyte, separator, and other significant components. At the time of discharge, the lithium ions in the battery move from the negative electrode to the positive electrode by means of an electrolyte, and vice versa during charging. The electrolyte is composed of soluble salts, and acids and bases in liquid, gelled, or dry forms. It acts as catalyst, making the battery highly conductive by enabling the movement of ions from the cathode to the anode. However, these batteries, if damaged or charged improperly, could lead to fire hazards and explosions, owing to the high flammability of the electrolytes.
MARKET SCOPE
The "Global Lithium ion secondary electrolyte Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lithium ion secondary electrolyte market with detailed market segmentation by component, application, and geography. The global lithium ion secondary electrolyte market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lithium ion secondary electrolyte market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-The global lithium ion secondary electrolyte market is segmented on the basis of component, and application.
-On the basis of component, the lithium ion secondary electrolyte market is segmented into cathode, anode, electrolytic solution, and others.
-The lithium ion secondary electrolyte market on the basis of the application is classified into electrical and electronics, automotive, industrial, and others.
MARKET DYNAMICS
Drivers
-Rising usage of Li-ion batteries in consumer electronics, increasing automotive and industrial applications, escalating demand for electric vehicles, and surging need for large-scale energy storage are the pivotal factors propelling the growth of the global lithium ion battery electrolyte market.
-Restraints-
-These batteries, if damaged or charged improperly, could lead to fire hazards and explosions, owing to the high flammability of the electrolytes.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The lithium ion secondary electrolyte market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the lithium ion secondary electrolyte market in these regions.
IMPACT OF COVID-19 ON LITHIUM ION SECONDARY ELECTROLYTE MARKET
The lithium ion secondary electrolyte market size has grown significantly in recent years. However, due to the outbreak of the COVID-19 pandemic, the market experienced a sharp decline in 2020. The Covid-19 pandemic hampered the market due to temporary ban on import and export activities. Moreover, the prolonged lockdown disrupted the supply chain. During the pandemic, the demand for marine fuel reduced significantly, which negatively affected the market.
MARKET PLAYERS
The report covers key developments in the lithium ion secondary electrolyte oil market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from lithium ion secondary electrolyte oilmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for lithium ion secondary electrolyte market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Lithium ion secondary electrolyte market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Ube Industries, Ltd.
-LG Chem
-Mitsubishi Chemical
-Panax-Etec
-Mitsui Chemicals
-BASF e-mobility
-Guangzhou Tinci
-Dongguan Shanshan (DGSS)
-KISHIDA
-TIANJIN JINNIU.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.