Published Year: 2018
Global Cathode Materials Market – Analysis & Forecast (2018-2023): Focus on Type (NCM, LCO, LMO, N
The global cathode materials market is expected to grow at a CAGR of 14.0% from 2018 to...
Market Research Report
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Table of Contents
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trend Analysis: Global Non-Aqueous Electrolyte Market
1.1.2 Expanding Market of Non-Aqueous Electrolyte Materials for Electric Vehicles
1.1.3 Increasing Demand for Solid-State Lithium-Metal Batteries in Various End-Use Applications
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Market Map
1.2.2.1 Non-Aqueous Electrolyte Market – Product (by Type)
1.2.2.1.1 Inorganic
1.2.2.1.2 Organic
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Country, Company)
1.4 Impact Analysis for Key Global Events
1.5 Market Dynamics Overview
1.5.1 Market Drivers
1.5.1.1 Increasing Adoption of Electric Vehicles Worldwide
1.5.1.2 Growing Investments in Energy Storage Solutions
1.5.1.3 Rising Urbanization and Consumer Spending across the World
1.5.2 Market Challenges
1.5.2.1 High Cost of Non-Aqueous Electrolyte Materials
1.5.2.2 Regulatory and Safety Concerns
1.5.3 Market Opportunities
1.5.3.1 Increasing Investment in Renewable Energy Sources
1.5.3.2 Growing Concern for the Environment and Carbon Neutrality Targets
2.1 Application Segmentation
2.2 Application Summary
2.3 Global Non-Aqueous Electrolyte Market (by Application)
2.3.1 Lithium-ion Battery
2.3.2 Sodium-ion Battery
2.3.3 Solid-State Battery
2.3.4 Others
2.4 Global Non-Aqueous Electrolyte Market (by End-Use Industry)
2.4.1 Automotive
2.4.2 Consumer Electronics
2.4.3 Energy Storage
2.4.4 Others
3.1 Product Segmentation
3.2 Product Summary
3.3 Global Non-Aqueous Electrolyte Market (by Type)
3.3.1 Organic
3.3.2 Inorganic
4.1 Regional Summary
4.2 North America
4.2.1 Regional Overview
4.2.2 Driving Factors for Market Growth
4.2.3 Factors Challenging the Market
4.2.4 Application
4.2.5 Product
4.2.6 U.S.
4.2.7 Application
4.2.8 Product
4.2.9 Canada
4.2.10 Application
4.2.11 Product
4.2.12 Mexico
4.2.13 Application
4.2.14 Product
4.3 Europe
4.3.1 Regional Overview
4.3.2 Driving Factors for Market Growth
4.3.3 Factors Challenging the Market
4.3.4 Application
4.3.5 Product
4.3.6 Germany
4.3.7 Application
4.3.8 Product
4.3.9 France
4.3.10 Application
4.3.11 Product
4.3.12 U.K.
4.3.13 Application
4.3.14 Product
4.3.15 Rest-of-Europe
4.3.16 Application
4.3.17 Product
4.4 Asia-Pacific
4.4.1 Regional Overview
4.4.2 Driving Factors for Market Growth
4.4.3 Factors Challenging the Market
4.4.4 Application
4.4.5 Product
4.4.6 China
4.4.7 Application
4.4.8 Product
4.4.9 India
4.4.10 Application
4.4.11 Product
4.4.12 Japan
4.4.13 Application
4.4.14 Product
4.4.15 South Korea
4.4.16 Application
4.4.17 Product
4.4.18 Rest-of-Asia-Pacific
4.4.19 Application
4.4.20 Product
4.5 Rest-of-the-World
4.5.1 Regional Overview
4.5.2 Driving Factors for Market Growth
4.5.3 Factors Challenging the Market
4.5.4 Application
4.5.5 Product
4.5.6 Middle East and Africa
4.5.7 Application
4.5.8 Product
4.5.9 South America
4.5.10 Application
4.5.11 Product
5.1 Competitive Landscape
5.1.1 Ampcera
5.1.1.1 Overview
5.1.1.2 Top Products/Product Portfolio
5.1.1.3 Top Competitors
5.1.1.4 Target Customers
5.1.1.5 Key Personnel
5.1.1.6 Analyst View
5.1.1.7 Market Share, 2022
5.1.2 Electrovaya
5.1.2.1 Overview
5.1.2.2 Top Products/Product Portfolio
5.1.2.3 Top Competitors
5.1.2.4 Target Customers
5.1.2.5 Key Personnels
5.1.2.6 Analyst View
5.1.2.7 Market Share, 2022
5.1.3 GS Yuasa International Ltd.
5.1.3.1 Overview
5.1.3.2 Top Products/Product Portfolio
5.1.3.3 Top Competitors
5.1.3.4 Target Customers
5.1.3.5 Key Personnel
5.1.3.6 Analyst View
5.1.3.7 Market Share, 2022
5.1.4 LG Chem
5.1.4.1 Overview
5.1.4.2 Top Products/Product Portfolio
5.1.4.3 Top Competitors
5.1.4.4 Target Customers
5.1.4.5 Key Personnel
5.1.4.6 Analyst View
5.1.4.7 Market Share, 2022
5.1.5 POSCO
5.1.5.1 Overview
5.1.5.2 Top Products/Product Portfolio
5.1.5.3 Top Competitors
5.1.5.4 Target Customers
5.1.5.5 Key Personnel
5.1.5.6 Analyst View
5.1.5.7 Market Share, 2022
5.1.6 American Elements
5.1.6.1 Overview
5.1.6.2 Top Products/Product Portfolio
5.1.6.3 Top Competitors
5.1.6.4 Target Customers
5.1.6.5 Key Personnel
5.1.6.6 Analyst View
5.1.6.7 Market Share, 2022
5.1.7 NEI Corporation
5.1.7.1 Overview
5.1.7.2 Top Products/Product Portfolio
5.1.7.3 Top Competitors
5.1.7.4 Target Customers
5.1.7.5 Key Personnel
5.1.7.6 Analyst View
5.1.7.7 Market Share, 2022
5.1.8 Targray
5.1.8.1 Overview
5.1.8.2 Top Products/Product Portfolio
5.1.8.3 Top Competitors
5.1.8.4 Target Customers
5.1.8.5 Key Personnel
5.1.8.6 Analyst View
5.1.8.7 Market Share, 2022
5.1.9 Mitsubishi Gas Chemical Company, Inc.
5.1.9.1 Overview
5.1.9.2 Top Products/Product Portfolio
5.1.9.3 Top Competitors
5.1.9.4 Target Customers
5.1.9.5 Key Personnel
5.1.9.6 Analyst View
5.1.9.7 Market Share, 2022
5.1.10 Solid Power
5.1.10.1 Overview
5.1.10.2 Top Products/Product Portfolio
5.1.10.3 Top Competitors
5.1.10.4 Target Customers
5.1.10.5 Key Personnel
5.1.10.6 Analyst View
5.1.10.7 Market Share, 2022
5.1.11 CAPCHEM
5.1.11.1 Overview
5.1.11.2 Top Products/Product Portfolio
5.1.11.3 Top Competitors
5.1.11.4 Target Customers
5.1.11.5 Key Personnel
5.1.11.6 Analyst View
5.1.11.7 Market Share, 2022
5.1.12 Mitsui Chemicals, Inc.
5.1.12.1 Overview
5.1.12.2 Top Products/Product Portfolio
5.1.12.3 Top Competitors
5.1.12.4 Target Customers
5.1.12.5 Key Personnel
5.1.12.6 Analyst View
5.1.12.7 Market Share, 2022
5.1.13 UBE Corporation
5.1.13.1 Overview
5.1.13.2 Top Products/Product Portfolio
5.1.13.3 Top Competitors
5.1.13.4 Target Customers
5.1.13.5 Key Personnel
5.1.13.6 Analyst View
5.1.13.7 Market Share, 2022
5.1.14 Contemporary Amperex Technology Co., Limited
5.1.14.1 Overview
5.1.14.2 Top Products/Product Portfolio
5.1.14.3 Top Competitors
5.1.14.4 Target Customers
5.1.14.5 Key Personnel
5.1.14.6 Analyst View
5.1.14.7 Market Share, 2022
5.1.15 Amprius Technologies
5.1.15.1 Overview
5.1.15.2 Top Products/Product Portfolio
5.1.15.3 Top Competitors
5.1.15.4 Target Customers
5.1.15.5 Key Personnel
5.1.15.6 Analyst View
5.1.15.7 Market Share, 2022
6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.1.3 Data Triangulation
6.2 Market Estimation and Forecast
List of Tables
Table 1: Market Snapshot
Table 2: Non-Aqueous Electrolyte Market, Opportunities
Table 3: Major Key Investor of Solid-State Batteries
Table 4: Non-Aqueous Electrolyte Market (by Application)
Table 5: Non-Aqueous Electrolyte Market (by End-Use Industry)
Table 6: Non-Aqueous Electrolyte Market (by Type)
Table 7: Non-Aqueous Electrolyte Market (by Region), $Million, 2022-2032
Table 8: North America Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 9: North America Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 10: North America Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 11: U.S. Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 12: U.S. Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 13: U.S. Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 14: Canada Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 15: Canada Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 16: Canada Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 17: Mexico Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 18: Mexico Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 19: Mexico Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 20: Europe Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 21: Europe Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 22: Europe Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 23: Germany Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 24: Germany Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 25: Germany Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 26: France Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 27: France Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 28: France Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 29: U.K. Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 30: U.K. Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 31: U.K. Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 32: Rest-of-Europe Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 33: Rest-of-Europe Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 34: Rest-of-Europe Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 35: Asia-Pacific Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 36: Asia-Pacific Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 37: Asia-Pacific Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 38: China Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 39: China Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 40: China Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 41: India Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 42: India Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 43: India Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 44: Japan Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 45: Japan Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 46: Japan Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 47: South Korea Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 48: South Korea Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 49: South Korea Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 50: Rest-of-Asia-Pacific Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 51: Rest-of-Asia-Pacific Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 52: Rest-of-Asia-Pacific Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 53: Rest-of-the-World Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 54: Rest-of-the-World Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 55: Rest-of-the-World Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 56: Middle East and Africa Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 57: Middle East and Africa Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 58: Middle East and Africa Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 59: South America Non-Aqueous Electrolyte Market (by Application), $Million, 2022-2032
Table 60: South America Non-Aqueous Electrolyte Market (by End-Use Industry), $Million, 2022-2032
Table 61: South America Non-Aqueous Electrolyte Market (by Type), $Million, 2022-2032
Table 62: Market Share
Figure 1: Region with Largest Share of Market, 2022, 2026, and 2032
Figure 2: Non-Aqueous Electrolyte Market (by Application), 2022, 2026, and 2032
Figure 3: Non-Aqueous Electrolyte Market (by End-Use Industry), 2022, 2026, and 2032
Figure 4: Non-Aqueous Electrolyte Market (by Type), 2022, 2026, and 2032
Figure 5: Non-Aqueous Electrolyte Market, Recent Developments
Figure 6: Global Electric Vehicle Sales from 2020 to 2030
Figure 7: Supply Chain Analysis for Non-Aqueous Electrolyte Market
Figure 8: Patents Filed (by Company), January 2020-December 2023
Figure 9: Patents Filed (by Country), January 2020-December 2023
Figure 10: Impact Analysis of Market Navigating Factors, 2022-2032
Figure 11: Strategic Initiatives, 2020-2023
Figure 12: Share of Strategic Initiatives
Figure 13: Data Triangulation
Figure 14: Top-Down and Bottom-Up Approach
Figure 15: Assumptions and Limitations
Non-Aqueous Electrolyte Market Report Coverage
|
Non-Aqueous Electrolyte Market |
|||
|
Base Year |
2022 |
Market Size in 2023 |
$3.64 Billion |
|
Forecast Period |
2023-2032 |
Value Projection and Estimation by 2032 |
$14.65 Billion |
|
CAGR During Forecast Period |
16.71% |
Number of Pages |
111 |
| Number of Tables | 62 |
Number of Figures |
15 |
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on input gathered from primary experts, analyzing company coverage, product portfolio, and market penetration.
The non-aqueous electrolyte market has been segmented based on type, among which inorganic accounted for around 61.6% and organic held for approximately 38.4% of the total non-aqueous electrolyte revenue in the year 2022.
Some of the prominent established names in this market are:
• Ampcera
• Electrovaya
• GS Yuasa International Ltd.
• LG Chem
• POSCO
• Mitsubishi Gas Chemical Company, Inc.
• Solid Power
• CAPCHEM
• Mitsui Chemicals, Inc.
• UBE Corporation
• Contemporary Amperex Technology Co., Limited
Companies that are not a part of the previously mentioned poll have been well represented across different sections of the report (wherever applicable).
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different non-aqueous electrolytes for various applications such as lithium-ion battery, sodium-ion battery, solid-state battery, and others. Moreover, the study provides the reader with a detailed understanding of the non-aqueous electrolyte market based on the end-use industries, including automotive, consumer electronics, energy storage, and others.
Growth/Marketing Strategy: The non-aqueous electrolyte market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the non-aqueous electrolyte market. For instance, Samsung Electronics Co., Ltd., NVIDIA Corporation, Intel Corporation, IBM, and Micron Technology Inc. are a few companies that have been highly active in undertaking strategic decisions.
Competitive Strategy: Key players in the market analyzed and profiled in the study involve non-aqueous electrolyte manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the non-aqueous electrolyte market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Global Non-Aqueous Electrolyte Market: Industry Overview
The demand for the non-aqueous electrolyte is anticipated to grow with the increasing demand from end-use industries such as automotive, consumer electronics, and energy storage. Furthermore, it is anticipated that during the projected period, i.e., 2023-2032, the increasing adoption of non-aqueous electrolyte in the automotive industry in several advanced economies, including the U.S., Canada, Germany, France, China, and India, among others, are expected to further increase the advancement of the non-aqueous electrolyte market. However, the escalating emphasis on the demand for lithium-ion batteries acts as a key driving force behind the increasing demand for non-aqueous electrolytes, such as organic and inorganic, and the surge in vehicle production significantly affects the growth of the non-aqueous electrolyte market. However, in a price-sensitive market, fluctuation in raw material prices can hinder consumer adoption and act as a challenge in the global non-aqueous electrolyte market.
Market Lifecycle Stage
The non-aqueous electrolyte market is in the growth phase. The market is propelled by the growing adoption of electric vehicles worldwide and is expected to boost the market. Furthermore, growing investments in energy storage solutions, rising urbanization, and consumer spending across the globe contribute to the overall growth of the non-aqueous electrolyte market. Moreover, the non-aqueous electrolyte market is expected to benefit from the expansion of manufacturing facilities in emerging markets, which represents a strategic move that holds immense potential for advanced economies in the non-aqueous electrolyte market.
Industrial Impact
Non-aqueous electrolytes offer numerous advantages. Non-aqueous electrolytes significantly enhance lithium-ion batteries, especially in high-energy-density applications such as electric vehicles. Solvents such as ethylene carbonate widen the voltage window, boosting energy density and meeting demands for extended range and rapid charging. Furthermore, these electrolytes offer a broader tolerance of temperature ranges, ensuring optimal battery function across various climates. Their stability under extreme conditions aligns with automotive safety standards, contributing to safer and more reliable automotive operations. Furthermore, low self-discharge rates attributed to non-aqueous electrolytes contribute to prolonged device lifespan, meeting consumer expectations for durable and long-lasting electronics. Their continual advancements drive innovation, shaping the future of consumer tech. Their adaptability spans industries, fostering innovation in materials and technology, contributing to advancements in healthcare devices, construction materials, and aerospace and defense systems, showcasing their versatile applications.
Market Segmentation:
Segmentation 1: by Application
• Lithium-ion Battery
• Sodium-ion Battery
• Solid-State Battery
• Others
The lithium-ion battery leads the non-aqueous electrolyte market based on application.
Segmentation 2: by End-Use Industry
• Automotive
• Consumer Electronics
• Energy Storage
• Others
The global non-aqueous electrolyte market is estimated to be led by the automotive segment in terms of end-use industry.
Segmentation 3: by Type
• Organic
• Inorganic
The market is estimated to be led by the organic segment in terms of type.
Segmentation 4: by Region
• North America - U.S., Canada, and Mexico
• Europe - Germany, France, U.K., and Rest-of-Europe
• Asia-Pacific - China, India, Japan, South Korea, and Rest-of-Asia-Pacific
• Rest-of-the-World - Middle East and Africa and South America
In the non-aqueous electrolyte market, Asia-Pacific is anticipated to gain traction in terms of production and adoption, owing to the continuous growth of non-aqueous electrolytes such as organic and inorganic, and North America is anticipated to have a presence of key manufacturers in the region.
Recent Developments in the Global Non-Aqueous Electrolyte Market
• On May 17, 2023, GS Yuasa Corporation (Tokyo Stock Exchange: 6674) announced that consolidated subsidiary GS Yuasa International Ltd. (“GS Yuasa”) developed a technology that achieves both higher energy density and longer service life through a series of improvements in silicon-based negative electrode batteries, which face many practical challenges.
• On February 15, 2021, Ampcera Inc., a pioneer in solid-state electrolyte manufacturing and next-generation solid-state battery development, announced that its all-solid-state battery (ASSB) technology had achieved a fast-charging milestone of 0% to 80% state of charge (SOC) in under 15 minutes at a peak C-rate of 4C. This advancement demonstrates the fast-charging potential of ASSB, a key requirement for the widespread adoption of electric vehicles (EVs).
• On April 10, 2017, Mitsui Chemicals, Inc. announced the startup of its electrolyte solution production facilities, which have been built at Nagoya Works to accommodate growing domestic demand for lithium-ion battery-use electrolyte solutions.
• On January 23, 2023, Ampcera announced that it got selected to receive $2.1 million in funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E). The funding is part of the ARPA-E Electric Vehicles for American Low-Carbon Living program, which seeks to develop more affordable, convenient, efficient, and resilient electric vehicle (EV) batteries.
Demand – Drivers and Challenges
The following are the demand drivers for the global non-aqueous electrolyte market:
• Increasing Adoption of Electric Vehicles Worldwide
• Growing Investments in Energy Storage Solutions
• Rising Urbanization and Consumer Spending across the World
The market is expected to face some limitations as well due to the following challenges:
• High Cost of Non-aqueous Electrolyte Materials
• Regulatory and Safety Concerns
Analyst’s Thoughts
According to Debraj Chakraborty, Principal Analyst, BIS Research, “Non-aqueous electrolytes, including organic and inorganic, play a significant role in automotive, consumer electronics, energy storage, and others. Innovation in sustainable non-aqueous electrolytes, such as organic electrolytes, has emerged as a noteworthy trend within the market. Also, the growing government policies toward the support of sustainability for production, blending, and utilization are anticipated to drive market growth during the forecast period. This shift has contributed to the growing awareness and emphasis on environmental sustainability over industries.”
Non-Aqueous Electrolyte Market - A Global and Regional Analysis
Focus on Application, End-Use Industry, Type, and Regional and Country-Level Analysis - Analysis and Forecast, 2023-2032
Some Faq's
Frequently Asked Questions
Non-aqueous electrolytes are ion conductors comprising a solvent or blends of solvents and a dissolved salt or several dissolved salts. Non-aqueous electrolyte permits batteries to store large amounts of energy, improve electrochemical stability, and manage current leaking issues. Market segmentation by type (inorganic and organic), application (lithium-ion battery, sodium-ion battery, solid-state battery, and others (capacitor, and zinc-ion battery), and end-use industry (automotive, consumer electronics, energy storage, and others (healthcare, construction, aerospace and defense, and others)) has been considered in the report.
The market has witnessed a notable shift in recent years, with the increasing demand for solid-state lithium-metal batteries in various end-use industries such as automotive and consumer electronics. Also, the shift toward expanding the market for electric vehicles has contributed to the increasing growth of the non-aqueous electrolyte market. Another notable trend in the non-aqueous electrolyte market is the growing concern for the environment and carbon neutrality targets.
Non-aqueous electrolytes have seen major developments by key players operating in the market, such as business expansions, partnerships and collaborations, and joint ventures. According to BIS Research analysis, most of the companies preferred product developments, collaborations, mergers and acquisitions, and joint ventures as a strategy to further increase their growth in the non-aqueous electrolyte market. Companies such as Ampcera and LG Chem have majorly adopted strategies such as product development, market development, partnerships, collaborations, and joint ventures.
A new entrant can focus on manufacturing and providing non-aqueous electrolytes to end-use industries, including automotive, consumer electronics, energy storage, and other industries, due to the increasing adoption of electric vehicles worldwide and also due to growing investments in energy storage solutions.
The following can be termed as some of the USPs of the report:
• Extensive competitive benchmarking of 15 key players to offer a holistic view of the non-aqueous electrolyte market landscape
• Market segregation based on application, end-use industry, and type
• Analysis of raw materials for non-aqueous electrolyte
• Supply and demand analysis for non-aqueous electrolyte
• Production capacity analysis
• Investment landscape, including product adoption scenario and patent analysis
Companies that produce and commercialize the non-aqueous end-use industries, as well as research institutions and regulatory bodies involved in the non-aqueous electrolyte market, should buy this report.
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