Rohtak News Magazine

Battery Electrolyte Market Size Worth US$ 16.8 billion by 2027- Exclusive Report by MarketsandMarkets™

 Breaking News
  • No posts were found

Battery Electrolyte Market Size Worth US$ 16.8 billion by 2027- Exclusive Report by MarketsandMarkets™

December 14
21:12 2022
Battery Electrolyte Market Size Worth US$ 16.8 billion by 2027- Exclusive Report by MarketsandMarkets™
Browse 290 market data Tables and 55 Figures spread through 214 Pages and in-depth TOC on “Battery Electrolyte Market”
Battery Electrolyte Market by Battery Type (Lead-Acid and Lithium-Ion), Electrolyte Type (Liquid, Gel, Solid), End-Use (EV, Consumer Electronics, Energy Storage) and Region (APAC, North America, Europe, South America, and MEA)

The report Battery Electrolyte Market by Battery Type (Lead-Acid and Lithium-Ion), Electrolyte Type (Liquid, Gel, Solid), End-Use (EV, Consumer Electronics, Energy Storage) and Region (APAC, North America, Europe, South America, and MEA) – Global Forecast to 2027″, size of the battery electrolyte is estimated to grow from USD 7.6 billion in 2022 to USD 16.8 billion by 2027, at a CAGR of 17.1% during the forecast period. Expanding market for energy storage system, consumer electronics and electric vehicle is expected to drive the battery electrolyte market. 

The lithium-ion battery segment is expected to hold the largest share of the battery electrolyte market, during the forecast period

The lithium-ion battery segment is expected to lead the battery electrolyte market during the forecast period by value. Initiatives are taken by the government of various countries to boost the adoption of electric vehicles. Lithium-ion batteries are the majorly used in electric vehicles and this will drive the market for lithium-ion battery segment in battery electrolyte market.

Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78609093 

The liquid electrolyte segment, by electrolyte type, is expected to account for the fastest growing segment during the forecast period

Based on electrolyte type, the battery electrolyte is classified into liquid, solid and gel electrolyte. The liquid electrolyte segment is expected to grow at the fastest rate during the forecast period by value. Liquid electrolyte is majorly used in lead-acid batteries and have better contact area with high-capacity electrodes. This is expected to boost the market demand for this segment.

Among end-use, electric vehicle is the largest segment in the battery electrolyte market

The electric vehicle segment is expected to lead the battery electrolyte market during the forecast period by value. Due to environmental concern related to the growing air pollution from combustion engine has led to an increase in demand for electric vehicles. This has enhanced the demand for batteries, creating the market for battery electrolyte.

Asia Pacific region is expected to be the largest and fastest growing battery electrolyte market

Asia Pacific is expected to lead the battery electrolyte market during the forecast period by value. This demand can be attributed to the high growth in emerging economies such as China and India of the region that has made Asia Pacific a huge market for lithium-ion and lead acid batteries. China is one of the largest markets for electric vehicles across the globe and is expected to contribute a major portion to the overall regional demand for electric vehicles during the forecast period. These factors will propel the market for battery electrolyte in Asia Pacific region.

Request for Bundle Report at https://www.marketsandmarkets.com/RequestBundleReport.asp?id=78609093 

Some of the leading players in this market include Mitsubishi Chemical Corporation (Japan), UBE Corporation (Japan), 3M (US), GS Yuasa International Ltd. (Japan), and Capchem (China) among others.

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/battery-electrolyte-market-78609093.html

Related Articles