Gel Polymer Electrolyte Market Size & Share, by Type (Solid, Quasi-Solid, Liquid); Application; Polymer Matrix; Ionic Conductor - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025-2037

North America Market Forecast

By 2037, North America gel polymer electrolyte market is predicted to dominate over 38.3% revenue share. The high adoption of renewable energy systems, strict regulation on emissions, and innovations in battery designs and performance are propelling the sales of gel polymer electrolytes in North America. The high trend of electric vehicles in both the U.S. and Canada is pushing the demand for gel polymer electrolytes in battery production.

In the U.S., the strict regulations on carbon emission and supportive policies on sustainable vehicle adoption are augmenting the sales of gel polymer electrolytes. For instance, as per the analysis by the Alliance for Automotive Innovation, nearly 386,000 electric vehicles were sold in Q2 2024, in the U.S. The hybrid EV share accounted for 2.15% in Q2 FY24. The battery electric vehicles comprising cars, utility vehicles, vans, and pick-ups held a dominant share of the total EV sales in Q2 FY24. California is leading the country with around 27.0% of the new lightweight vehicle registrations in 2^nd quarter of 2024. Thus, the rise in EV vehicle registration in the country is creating a win-win pool for gel polymer electrolyte manufacturers.

Canada is the world’s largest producer of renewable energy, which creates a high demand for storage solutions such as batteries. The Canadian Centre for Energy Information estimates that in 2022 the country consumed 70.0% of its electricity from renewable sources. The same source also reveals that electric vehicle registration accounted for 10.8% of the total vehicle registrations, in 2023. Thus, the renewable energy system trend is set to double the profits of gel polymer electrolyte manufacturers in the coming years.

Asia Pacific Market Statistics

The Asia Pacific gel polymer electrolyte market is poised to register a robust CAGR between 2025 to 2037. Supportive government policies in the form of schemes, tax benefits, or subsidies on renewable energy system adoption, the increasing popularity of electric vehicles, investments in EV charging infrastructure, and rapid industrialization are all collectively contributing to the Asia Pacific gel polymer electrolyte market growth. China and India are high-earning marketplaces, while Japan and South Korea are more focused on innovations.

China is set to dominate the production of next-generation battery technologies, according to the report by the Carnegie Endowment for International Peace. The high production of consumer electronics, military equipment, power grid storage solutions, and clean energy vehicles is uplifting the position of China in the global landscape. The boom in the production of these technologies is directly fueling the demand for gel polymer electrolytes.

India is anticipated to witness a healthy demand for gel polymer electrolytes in the coming years owing to the growing adoption of electric vehicles and renewable energy solutions. The prime reason contributing to the clean energy trend is the increasing awareness of environmental protection among individuals and supportive policies from the government end. The India Brand Equity Foundation (IBEF) report reveals that the EV market in the country is set to reach USD 18.31 billion by 2029. The same source also states that the market for EV batteries is poised to expand from USD 16.77 billion in 2023 to USD 27.70 billion by 2028. The Electric Mobility Promotion Scheme worth USD 60.18 million is focused on the enhancement of green mobility and EV production is expected to open profitable doors for gel polymer electrolyte manufacturers in the country.