Battery Electrolyte Market - Top Companies and Manufacturers

Companies Dominating the Battery Electrolyte Landscape

To increase their customer base, the major players in the battery electrolyte market are concentrating on increasing the productivity and quality of their products. Leading players are engaged in research and development to determine the optimal composition of the material used in manufacturing. Some of the major businesses' other expansion methods include joint ventures, mergers and acquisitions, and intensive R&D.

BASF SE
- Company Overview
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- Financial Performance
- Key Performance Indicators
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3M Company
LG Chem
GS Yuasa International Ltd.
Central Glass Co., Ltd.
American Elements
Lanxess AG
BroadBit Batteries Oy
Mitsui & Co., Ltd.
Shenzhen Capchem Technology Co. Ltd

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Battery Electrolyte Market Size, Growth Report 2037

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In March 2021, LANXESS entered the realm of battery chemistry by collaborating with Guangzhou Tinci Materials Technology Co., a prominent global manufacturer of lithium-ion battery materials. LANXESS will create electrolyte compositions for lithium-ion batteries under the Chinese company's authorization.
In August 2020, BroadBit Batteries launched ProLion-001, a new high-performance electrolyte for Li-ion batteries. This novel Li-ion electrolyte addresses the fundamental performance limits of current Li-ion electrolytes, allowing for higher temperature functioning, enhanced safety, longer cycle life, faster charging, and increased power (especially at low temperatures).

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of battery electrolyte was over USD 12.1 billion.

The market size for battery electrolyte is projected to cross USD 53.7 billion by the end of 2037 expanding at a CAGR of 13.3% during the forecast period i.e., between 2025-2037.

The major players in the market are BASF SE, 3M Company, LG Chem, GS Yuasa International Ltd., Central Glass Co., Ltd., American Elements, Lanxess AG, BroadBit Batteries Oy, Mitsui & Co., Ltd., Shenzhen Capchem Technology Co. Ltd, and others.

The gel segment is anticipated to garner a share/size of 46.8% during 2025-2037.

The Asia Pacific battery electrolyte sector is poised to hold a 35.7% share by the end of 2037.

Battery Electrolyte Market - Top Companies and Manufacturers

Companies Dominating the Battery Electrolyte Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the battery electrolyte industry?

What is the outlook for the battery electrolyte market?

Who are the major players dominating the battery electrolyte landscape?

Which segment will capture the significant market share for battery electrolyte by 2037?

Which region will provide more opportunities for the battery electrolyte business in the near future?