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Battery Electrolyte Market worth $16.8 billion by 2027 – At a CAGR of 17.1%

Published: July 10, 2023

Author: TEXTILE VALUE CHAIN

According to a new market research report, the “Battery Electrolyte Market by Battery Type (Lead-Acid and Lithium-Ion), Electrolyte Type (Liquid, Gel, Solid), End-Use (EV, Consumer Electronics, Energy Storage) and Region (APAC, North America, Europe, South America, and MEA) – Global Forecast to 2027″, size of the battery electrolyte is estimated to grow from USD 7.6 billion in 2022 to USD 16.8 billion by 2027, at a CAGR of 17.1% during the forecast period. Expanding market for energy storage system, consumer electronics and electric vehicle is expected to drive the battery electrolyte market.

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132 Market data Tables
36 Figures
145 Pages and in-depth TOC on “Battery Electrolyte Market – Global Forecast to 2027″

This report also provides a comprehensive analysis of the companies listed below:

Mitsubishi Chemical Corporation (Japan), Ube Industries (Japan), Shenzhen Capchem Technology Co., Ltd. (China), Johnson Controls (US), Guangzhou Tinci Materials Technology Co., Ltd. (China), GS Yuasa Corporation (Japan), 3M (US), BASF SE (Germany), LG Chem (South Korea), and American Elements (US)

Research Methodology:

The research methodology used to estimate and forecast the size of the battery electrolyte market begins with capturing data from the revenues of key vendors. This data has been obtained from various secondary sources such as Hoovers, Bloomberg, Factiva, and various other government and private websites. The offerings of vendors have been taken into consideration to determine the segmentation of the battery electrolyte market. After arriving at the overall market size, it has been split into several segments and subsegments, which have been later verified through primary research by conducting extensive interviews with key personnel such as chief executive officers, vice presidents, directors, and executives of leading companies operating in the battery electrolyte market. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the battery electrolytes market.

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Among battery types, the lead-acid battery segment is estimated to account for the largest share of the battery electrolyte market in 2018.

The lead-acid battery electrolyte segment is estimated to account for the largest share of the battery electrolyte market in 2018. Increasing sales of automobiles and the growth in the automotive lead-acid battery replacement market is expected to keep the demand for lead-acid batteries high during the forecast period.

The Asia Pacific region is expected to be the largest market for battery electrolyte in 2018.

The Asia Pacific region is estimated to account for the largest share of the battery electrolyte market in 2018. The region is home to leading battery manufacturers globally. Some of the leading lithium-ion battery manufacturers, such as CATL, LG Chem, Samsung SDI, Panasonic, and BYD, are based in APAC. Increased investments by the lithium-ion battery electrolyte

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