Global Battery Electrolyte Market – Analysis and Forecast to 2024 | Ube Industries, Johnson Controls

by Pooja Karn Research Analytics

A battery is a product which transforms stored chemical energy directly into electrical energy. The main components of battery are anode, cathode, and electrolyte. Batteries use electrolyte as the chemical source for the electricity production. Electrolyte is substance which releases ions when dissolved in solvent or liquid. The battery electrolyte market is progressing at a good rate in the recent years, and anticipated to register a significant growth during the forecast years. The growth is majorly attributed to the increasing adoption of electric vehicles, increase in automobile sales, and increase share of alternative energy sources in the energy mix.

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Geographic Overview
Asia-Pacific battery electrolyte market is expected to account for the largest share in the market. The major market growth is attributed to the increasing demand from end-user industries which include energy storage, electric vehicles, portable consumer electronics, and others. Along with that, the increasing number of telecom towers and rising electrification in the countries such as India are also driving the market growth in the region.

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Competitive Insight
Key companies are adopting various strategies such as acquisitions, expansions, mergers, research and development, and joint ventures in order to meet the increasing demand for battery electrolyte and also to expand their market presence and footprint. Some of the key players operating in the global battery electrolyte industry are Mitsubishi Chemical Corporation, Shenzhen Capchem Technology Co., Ltd., Ube Industries, Johnson Controls, Guangzhou Tinci Materials Technology Co., Ltd., 3M Company, BASF SE, LG Chem, American Elements, and GS Yuasa Corporation.

Geographical Segmentation

Battery Electrolyte Market by Region

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• U.K.
• France
• Russia
• Rest of Europe

Asia-Pacific

• Japan
• China
• India
• Australia
• Rest of Asia-Pacific

Latin America

• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa (MEA)

• South Africa
• Saudi Arabia
• U.A.E.
• Rest of MEA

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Created on Jan 24th 2019 03:45. Viewed 305 times.

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