Report on Global and China Lithium Battery Electrolyte Industry [2016-2020]
by Sarah Davis Digital Marketer
Feb.,
23, 2016, Mumbai, India:
Market Reports on China presents the report, on “Report
on Global and China Lithium Battery Electrolyte Industry
[2016-2020]”.
The
global shipment of electric vehicle power lithium battery surged
beyond 110% year on year to 20.8GWh in 2015, and will grow at the
CAGR of above 50% in 2016-2020.
Driven
by emerging application markets such as new energy vehicles and
industrial energy storage, the global lithium battery electrolyte
market has been growing steadily. In 2015, the sales volume jumped by
42.1% year on year to 117,000 tons; and it is expected to exceed
600,000 tons in 2020.
As
the world's largest consumer of lithium battery electrolyte, China
sold 63,000 tons of lithium battery electrolyte in 2015, up 48.9%
year on year; the output value amounted to RMB2.86 billion, a
year-on-year surge of 52.2%. The output value grew faster than the
sales volume mainly because: First, functional electrolyte which is
expensive than conventional electrolytic accounted for a rising
proportion of the sales volume. Second, the soaring raw material
prices pushed up the electrolyte price from RMB90,000/ton in early
2015 to over RMB200,000/ton at the end of the year. The uptrend is
expected to continue in 2016.
By applications, electric
vehicle and energy storage will become major growth engines of
lithium batteries. The global shipment of electric vehicle power
lithium battery surged beyond 110% year on year to 20.8GWh in 2015,
and will grow at the CAGR of above 50% in 2016-2020. However, the
shipment of small lithium batteries used for consumer electronics
represented by smart phones and tablet PCs will see sharp slowdown
with an expected growth rate of 5% -10% in the future.
Concerning
the development trend, high voltage and temperature-resistant
electrolyte will be the focus, mainly because: First, high voltage
electrolyte (above 4.35V) makes up about 70% in the consumer
electronics field, and the proportion will rise further in future.
Second, high-voltage cathode materials are developing rapidly in the
field of power and energy storage batteries, but the high-voltage
resistant electrolyte is relatively backward now; only a small number
of Japanese and American companies master high-voltage 5V electrolyte
production technology, and the majority of Chinese enterprises have
embarked on R & D of high-voltage electrolyte, but lagging behind
the international level.
In terms of competitive landscape,
the global lithium battery electrolyte market is highly concentrated.
In 2015, the world's top ten electrolyte companies seized the
combined market share of approximately 62.2%. Capchem replaced
Panax-Etec to become the world's largest manufacturer of lithium
battery electrolyte with the market share of 9.2%, and Panax-Etec
ranked second with 8.8%. Over the same period, China's top ten
electrolyte manufacturers occupied the combined market share of over
85%.
Panax-Etec sells 55% of its products to its biggest
lithium electrolyte client -- Samsung SDI. In addition, the company
shares some of its electrolyte patents with Samsung SDI.
Being
optimistic about Chinese new energy vehicle market, Mitsubishi
Chemical has set up lithium battery electrolyte production base
(Changshu city) and anode material production base (Qingdao city) in
China, with the lithium battery electrolyte capacity of 10,000
t/a.
Capchem acquired 76% stake in Zhangjiagang Hicomer
Chemical Co., Ltd. (a producer of lithium battery additives) in 2014
to get involved in the upstream electrolyte industry chain. In 2015,
it raised the lithium battery electrolyte capacity to 20,000 t/a, but
its capacity utilization desired to be improved.
Guotai
Huarong put its 5,000 t/a lithium battery electrolyte project into
operation formally in 2015, so that the companys lithium battery
electrolyte capacity was expanded to 10,000 t/a. In addition, the
company has also established South Korea Guotai Huarong to cooperate
with South Korean customers in R & D of lithium battery
electrolyte.
Global and China Lithium Battery Electrolyte
Industry Report, 2016-2020 by highlights the followings:
Development
history, market size, competition pattern, development trend, etc. of
lithium battery electrolyte worldwide;
Market size, market price,
competitive landscape, etc. of lithium battery electrolyte industry
in China;
Market size, competition, etc. of main upstream and
downstream lithium battery electrolyte industries;
Operation,
customers, production, marketing, etc. of six foreign and ten Chinese
lithium battery electrolyte manufacturers.
Table of Content
1.
Overview of Lithium Battery Electrolyte Industry
1.1
Definition
1.2 Classification
1.3 Industry Chain
2.
Status Quo of Global Lithium Battery Electrolyte Market
2.1
Development History
2.2 Market Size
2.3 Market Structure
2.4
Major Producers
2.4.1 Japan
2.4.2 South Korea
2.5
Development Trend
3.
Status Quo of China Lithium Battery Electrolyte Market
3.1
Current Situation
3.2 Market Size
3.3 Price
3.4 Enterprise
Competition
3.5 Development Trend
To view a full Executive Summary and Table of Contents, please visit: http://www.marketreportsonchina.com/consumer-goods-market-research-reports-15520/lithium-battery-electrolyte-global-china.html
Related Reports: http://www.marketreportsonchina.com/market-research-report/consumer-goods.html
About Author Bio: Sarah Davis is working with MarketReportsonChina which is a portal where you can access thousands of reports on China starting from Aeronautics to Zinc (A-Z). The website provides market reports on different sectors.
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