Rise in New Energy Vehicles Expected to Drive Global lithium Battery Electrolyte Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Lithium-ion batteries are made up of four major components: anode material, cathode material, electrolyte, and separator. The electrolyte is one of the key raw material of lithium-ion batteries, it is also commonly known to be as “blood” of lithium-ion batteries, connects the battery’s positive and negative by carrying energy. It also acts as the medium which enables the movement of only lithium ions between the cathode and anode. The electrolyte has materials having high ionic conductivity which is mainly used by which lithium ions move to and fro easily. Lithium-ion batteries have advantages of high voltage, specific energy, and other advantages. The use of electrolytes majorly accounts for about 5% -12% of the total cost of lithium-ion battery production costs. The electrolyte solutions are prepared by high purity organic solvent, electrolyte, additive, and other materials under certain conditions and proportions. The organic solvent is a part of the electrolyte solution, nowadays it is primarily used in the composition of dimethyl carbonate, diethyl carbonate, propylene carbonate, ethylene carbonate, ethyl methyl carbonate, and other categories. The electrolytes are being used in lithium battery are hexafluorophosphate, lithium tetrafluoroborate, etc. According to study, “Global lithium Battery Electrolyte Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global lithium battery electrolyte market are Mitsubishi Chemical, Soulbrain, UBE Industries, Shenzhen Capchem, Panax-Etec, Guangzhou Tinci Materials, BASF e-mobility, Dongguan Shanshan (DGSS), Mitsui Chemicals, Beijing Institute of Chemical Reagents, Guotai Huarong, Shantou Jinguang High-Tech, Tianjin Jinniu, Zhuhai Smoothway, Central Glass. The prominent players of the lithium-ion battery are expanding their operations and manufacturing capacity. This allows manufactures to accommodate new resources and techniques that can help in gaining an edge over their rivals. Additionally, both new and veteran players focus on research and development which allows businesses bringing new products to market which can further help in acquiring new customers while retaining the prevailing ones. Based on the type, the lithium battery electrolyte market is segmented into the solid electrolyte and liquid electrolyte. In addition, based on application, the market is segmented into electric vehicles, consumer electronics, and others. The lithium battery electrolyte Industry is driven by a rise in new energy vehicles, followed by growth in the digital product market, an increase in the arrival of new lithium-ion battery electrolytes, rise in government initiatives, rapid urbanization, increase in fall in the price of lithium-ion batteries and rise in number of smartphone users. Moreover, growth in the application of batteries in several electronic appliances are a key opportunity for the market. Based on geography, the Asian-Pacific region holds the major share in the lithium battery electrolyte market owing to the rise in demand for powerful batteries in electric vehicles and growth in population in the region. Whereas, the North-American and European regions are expected to witness a higher growth rate due to the rise in awareness among the users about the harmful impact of conventional fuels over the forecast period. In the upcoming years, it is predicted that the future of the market will be bright as a result of growth in the development of more user-friendly batteries during the forecast period. The global market for is projected to grow at a CAGR of approximately 6.2% over the next five years, will reach the US $1970 million in 2024, from the US $1370 million in 2019. For More Information on the Research Report, refer to below links: – Global lithium Battery Electrolyte Market Related Reports: – Global Lithium Battery Electrolyte Market Report 2019, Competitive Landscape, Trends and Opportunities Global Lithium ion Battery Electrolyte Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Central lithium Battery Electrolyte Market, China lithium Battery Electrolyte Market, Europe lithium Battery Electrolyte Market, Global lithium Battery Electrolyte Industry, Global lithium Battery Electrolyte Market, Global lithium Battery Electrolyte Market Analysis, Global lithium Battery Electrolyte Market Forecast, Global lithium Battery Electrolyte Market Future Outlook, Global lithium Battery Electrolyte Market Growth rate, Global lithium Battery Electrolyte Market Major Players, Global lithium Battery Electrolyte Market Segmentation, Global lithium Battery Electrolyte Market Share, Global lithium Battery Electrolyte Market Size, Global lithium Battery Industry Research Report, Global lithium Battery Market Research Report, Guotai lithium Battery Electrolyte Market, India lithium Battery Electrolyte Market, Liquid Electrolyte lithium Battery Market, Middle East lithium Battery Electrolyte Market, Mitsubishi lithium Battery Electrolyte Market, Panax-lithium Battery Electrolyte Market, Solid Electrolyte lithium Battery Market, Soulbrain lithium Battery Electrolyte Market, United States lithium Battery Electrolyte Market, Zhuhai lithium Battery Electrolyte Market