LiFSI for Lithium Battery Electrolyte Market Size – By Purity (99.90%, 99.99% and Others), By Form (Powder and Liquid), By Application (Power Electrolyte, Consumer Electrolyte, and Energy Storage Electrolyte) & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-11-29
- NO OF PAGES
- 305
- CATEGORY
- Energy & Power
Market Overview
The LiFSI for Lithium Battery Electrolyte market report is predicted to develop at a compound annual growth rate (CAGR) of 15.3% from 2024 to 2034, when global LiFSI for Lithium Battery Electrolyte market forecast size is projected to reach USD 2,763.52 Million in 2034, based on an average growth pattern. The global LiFSI for Lithium Battery Electrolyte market revenue is estimated to reach a value of USD 582.64 Million in 2024.
SOURCE: We Market Research
The global
Lithium Bis(fluorosulfonyl)imide (LiFSI) for lithium battery electrolyte market
is a rapidly growing segment driven by the increasing demand for
high-performance lithium-ion batteries across various industries, including
electric vehicles (EVs), consumer electronics, and energy storage systems
(ESS). LiFSI is a crucial component in battery electrolytes due to its superior
ionic conductivity, high electrochemical stability, and ability to enhance
battery performance under extreme conditions. The Global LiFSI for Lithium
Battery Electrolyte Market refers to the industry focused on the production,
distribution, and utilization of Lithium Bis(fluorosulfonyl)imide (LiFSI) as an
electrolyte salt in lithium-ion batteries. LiFSI is a high-performance compound
used in electrolytes to enhance the functionality of batteries, particularly in
terms of thermal stability, ionic conductivity, and resistance to degradation.
Global LiFSI for Lithium Battery Electrolyte Market
Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 582.64 Million |
|
Market
Forecast in 2034 |
USD 2,763.52 Million |
|
CAGR % 2024-2034 |
15.3% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Purity, By
Form, By Application and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global LiFSI for Lithium Battery Electrolyte Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global LiFSI for Lithium Battery Electrolyte market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
LiFSI for Lithium Battery Electrolyte Market Segmentation
Market- By Purity Analysis
By Purity, the LiFSI for Lithium Battery Electrolyte market analysis is categories into 99.90%, 99.99% and Others. 99.99% segment dominates the market with the largest share, accounting for over 55% of the market in 2023. The 99.99% purity segment is expected to dominate the global LiFSI for lithium battery electrolyte market due to its superior performance characteristics. LiFSI with 99.99% purity is essential for high-performance applications, especially in EV batteries, where high energy density, stability, and long lifespan are critical. As the demand for next-generation batteries, including those used in solid-state technologies and batteries with silicon anodes, increases, the need for high-purity electrolytes also rises.
The
following segments are part of an in-depth analysis of the global LiFSI for
Lithium Battery Electrolyte market:
|
Market Segments |
|
|
By Purity |
·
99.90% ·
99.99% ·
Others |
|
By Form |
·
Powder ·
Liquid |
|
By Application |
·
Power Electrolyte o
Electric Vehicles (EVs) o
Hybrid Electric Vehicles (HEVs) o
Plug-in Hybrid Electric Vehicles (PHEVs) ·
Consumer Electrolyte o
Mobile Phones o
Laptops o
Tablets o
Wearable Devices ·
Energy Storage Electrolyte o
Renewable Energy Storage Systems (RESS) o
Grid Storage o
Backup Power Systems |
LiFSI for Lithium Battery Electrolyte Industry:
Regional Analysis
North America Market Forecast
The United States has become a major player in the EV market, with Tesla leading the charge and other automakers such as Ford, General Motors, and Rivian ramping up their EV production. This is driving the demand for lithium-ion batteries with advanced electrolytes like LiFSI. North America has seen significant investments in battery manufacturing, such as the partnership between Tesla and Panasonic in Gigafactories and the establishment of new battery production facilities in the region. This includes research into advanced battery materials and electrolytes like LiFSI to improve performance.
Europe Market Statistics
Europe has seen
a surge in EV adoption, with countries like Germany, France, and Norway
implementing strong policies to support EV infrastructure and sales. This is
creating high demand for batteries that offer better efficiency, lifespan, and
safety, all of which are benefits provided by LiFSI. European countries are
investing heavily in local battery manufacturing to reduce reliance on Asia for
EV batteries. Companies such as Northvolt in Sweden are focused on developing
advanced battery technologies that use high-performance electrolytes like
LiFSI.
Asia Pacific Market Forecasts
The Asia Pacific
region is expected to dominate the global LiFSI market, capturing around 50% of the total market share. Asia
Pacific, particularly countries like China, Japan, and South Korea, is home to
some of the largest lithium-ion battery manufacturers, such as CATL, LG Energy
Solution, and Panasonic. These companies are heavily investing in new battery
technologies, including advanced electrolytes like LiFSI. China, in particular,
is leading the charge in electric vehicle adoption, with EV sales expected to
surpass 10 million units annually by 2025. This growth is driving a significant
demand for advanced lithium-ion batteries that utilize high-performance
electrolytes like LiFSI.
Middle East & Africa Market Statistics
The Middle East
is investing in renewable energy and large-scale energy storage systems,
particularly in countries like Saudi Arabia and the UAE. While the region's
lithium-ion battery market is smaller than in APAC and North America, the
growth of energy storage solutions is creating demand for advanced battery
electrolytes. The region is beginning to explore the electric vehicle market,
with significant investments in electric mobility infrastructure, especially in
urban centers like Dubai and Riyadh.
Latin America Market Statistics
Latin America is
slowly embracing the electric vehicle market, with countries like Brazil and
Argentina starting to develop electric vehicle production capabilities.
However, the region is not yet a major player in terms of demand for advanced
battery electrolytes.
Key Market Players
The Global LiFSI for Lithium Battery Electrolyte Market
is dominated by a few large companies, such as
·
Arkema Group
·
Dongwha Electrolyte
·
Fujian Chuangxin Science and
Technology Development Co., Ltd.
·
Jiangsu Guotai Super Power New
Materials Co., Ltd.
·
Mitsui Chemicals, Inc.
·
Morita Chemical Industries Co.,
Ltd.
·
Nippon Shokubai Co., Ltd.
·
Shandong Shida Shenghua Chemical
Group
·
Shanghai Chemspec Corporation
·
Shenzhen Capchem Technology Co.,
Ltd.
·
Solvay S.A.
·
Suzhou Huayi New Energy Technology
·
Tinci Materials Technology Co.,
Ltd.
·
Zhangjiagang Guotai Huarong
Chemical New Material Co., Ltd.
·
Others
1.
Global
LiFSI for Lithium Battery Electrolyte Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global LiFSI for Lithium Battery
Electrolyte Market Scope and Market Estimation
1.2.1. Global LiFSI for Lithium Battery
Electrolyte Overall Market Size (US$ Bn) and Volume (Tons), Market CAGR (%),
Market forecast (2024 - 2034)
1.2.2. Global LiFSI for Lithium Battery
Electrolyte Market Revenue Share (%) and Volume Share (%) and Growth Rate
(Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Purity of Global LiFSI for
Lithium Battery Electrolyte Market
1.3.2. Form of Global LiFSI for Lithium
Battery Electrolyte Market
1.3.3. Application of Global LiFSI for
Lithium Battery Electrolyte Market
1.3.4. Region of Global LiFSI for
Lithium Battery Electrolyte Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Market Dynamics
2.5.1. Drivers
2.5.2. Limitations
2.5.3. Opportunities
2.5.4. Impact Analysis of Drivers and
Restraints
2.6. Key Developments
2.7. Porter’s Five Forces Analysis
2.7.1. Bargaining Power of Suppliers
2.7.2. Bargaining Power of Buyers
2.7.3. Threat of Substitutes
2.7.4. Threat of New Entrants
2.7.5. Competitive Rivalry
2.8. PEST Analysis
2.8.1. Political Factors
2.8.2. Economic Factors
2.8.3. Social Factors
2.8.4. Technology Factors
2.9. Key Regulation
3.
Global LiFSI for Lithium Battery
Electrolyte Market Estimates &
Historical Trend Analysis (2019 - 2023)
4. Global
LiFSI for Lithium Battery Electrolyte Market
Estimates & Forecast Trend Analysis, by Purity
4.1. Global LiFSI for Lithium Battery
Electrolyte Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecast, by
Purity, 2019 - 2034
4.1.1. 99.90%
4.1.2. 99.99%
4.1.3. Others
5. Global
LiFSI for Lithium Battery Electrolyte Market
Estimates & Forecast Trend Analysis, by Form
5.1. Global LiFSI for Lithium Battery
Electrolyte Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by
Form, 2019 - 2034
5.1.1. Powder
5.1.2. Liquid
6. Global
LiFSI for Lithium Battery Electrolyte Market
Estimates & Forecast Trend Analysis, by Application
6.1. Global LiFSI for Lithium Battery
Electrolyte Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by
Application, 2019 - 2034
6.1.1. Power Electrolyte
6.1.1.1.
Electric
Vehicles (EVs)
6.1.1.2.
Hybrid
Electric Vehicles (HEVs)
6.1.1.3.
Plug-in
Hybrid Electric Vehicles (PHEVs)
6.1.2. Consumer Electrolyte
6.1.2.1.
Mobile
Phones
6.1.2.2.
Laptops
6.1.2.3.
Tablets
6.1.2.4.
Wearable
Devices
6.1.3. Energy Storage Electrolyte
6.1.3.1.
Renewable
Energy Storage Systems (RESS)
6.1.3.2.
Grid
Storage
6.1.3.3.
Backup
Power Systems
7.
Global LiFSI for Lithium Battery
Electrolyte Market Estimates &
Forecast Trend Analysis, by Region
7.1. Global LiFSI for Lithium Battery
Electrolyte Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts,
by Region, 2019 - 2034
7.1.1. North America
7.1.2. Eastern Europe
7.1.3. Western Europe
7.1.4. Asia Pacific
7.1.5. Middle East & Africa
7.1.6. Latin America
8.
North
America LiFSI for Lithium Battery Electrolyte
Market: Estimates & Forecast Trend
Analysis
8.1.
North
America LiFSI for Lithium Battery Electrolyte Market Assessments & Key
Findings
8.1.1. North America LiFSI for Lithium
Battery Electrolyte Market Introduction
8.1.2. North America LiFSI for Lithium
Battery Electrolyte Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
8.1.2.1. By Purity
8.1.2.2. By Form
8.1.2.3. By Application
8.1.2.4. By Country
8.1.2.4.1. The U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Western
Europe LiFSI for Lithium Battery Electrolyte
Market: Estimates & Forecast Trend
Analysis
9.1. Western Europe LiFSI for Lithium
Battery Electrolyte Market Assessments & Key Findings
9.1.1. Western Europe LiFSI for Lithium
Battery Electrolyte Market Introduction
9.1.2. Western Europe LiFSI for Lithium
Battery Electrolyte Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
9.1.2.1. By Purity
9.1.2.2. By Form
9.1.2.3. By Application
9.1.2.4.
By
Country
9.1.2.4.1.
Germany
9.1.2.4.2.
Italy
9.1.2.4.3.
U.K.
9.1.2.4.4.
France
9.1.2.4.5.
Spain
9.1.2.4.6.
Benelux
9.1.2.4.7.
Nordics
9.1.2.4.8. Rest
of W. Europe
10. Eastern Europe LiFSI
for Lithium Battery Electrolyte Market:
Estimates & Forecast Trend Analysis
10.1. Eastern Europe LiFSI for Lithium
Battery Electrolyte Market Assessments & Key Findings
10.1.1. Eastern Europe LiFSI for Lithium
Battery Electrolyte Market Introduction
10.1.2. Eastern Europe LiFSI for Lithium
Battery Electrolyte Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
10.1.2.1. By Purity
10.1.2.2. By Form
10.1.2.3. By Application
10.1.2.4. By Country
10.1.2.4.1.
Russia
10.1.2.4.2.
Hungary
10.1.2.4.3.
Poland
10.1.2.4.4.
Balkan & Baltics
10.1.2.4.5. Rest of E. Europe
11. Asia Pacific LiFSI
for Lithium Battery Electrolyte Market:
Estimates & Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific LiFSI for Lithium
Battery Electrolyte Market Introduction
11.1.2. Asia Pacific LiFSI for Lithium
Battery Electrolyte Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
11.1.2.1. By Purity
11.1.2.2. By Form
11.1.2.3. By Application
11.1.2.4. By Country
11.1.2.4.1. China
11.1.2.4.2. Japan
11.1.2.4.3. India
11.1.2.4.4. Australia & New Zealand
11.1.2.4.5. South Korea
11.1.2.4.6. ASEAN
11.1.2.4.7. Rest of Asia Pacific
12. Middle East & Africa LiFSI
for Lithium Battery Electrolyte Market:
Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa LiFSI
for Lithium Battery Electrolyte Market Introduction
12.1.2. Middle
East & Africa LiFSI
for Lithium Battery Electrolyte Market Size & Volume Estimates and Forecast
(US$ Billion & Tons) (2019 - 2034)
12.1.2.1. By Purity
12.1.2.2. By Form
12.1.2.3. By Application
12.1.2.4. By Country
12.1.2.4.1. UAE
12.1.2.4.2. Saudi
Arabia
12.1.2.4.3. Turkey
12.1.2.4.4. South
Africa
12.1.2.4.5. Rest of
MEA
13. Latin America
LiFSI for Lithium Battery Electrolyte Market: Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments
& Key Findings
13.1.1. Latin America LiFSI for Lithium
Battery Electrolyte Market Introduction
13.1.2. Latin America LiFSI for Lithium
Battery Electrolyte Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
13.1.2.1. By Purity
13.1.2.2. By Form
13.1.2.3. By Application
13.1.2.4. By Country
13.1.2.4.1. Brazil
13.1.2.4.2. Argentina
13.1.2.4.3. Colombia
13.1.2.4.4. Rest of
LATAM
14. Country Wise Market:
Introduction
15. Competition Landscape
15.1. Global LiFSI for Lithium Battery
Electrolyte Market Product Mapping
15.2. Global LiFSI for Lithium Battery
Electrolyte Market Concentration Analysis, by Leading Players / Innovators /
Emerging Players / New Entrants
15.3. Global LiFSI for Lithium Battery
Electrolyte Market Tier Structure Analysis
15.4. Global LiFSI for Lithium Battery
Electrolyte Market Concentration & Company Market Shares (%) Analysis, 2023
16. Company Profiles
16.1. Arkema Group
16.1.1. Company Overview & Key Stats
16.1.2. Financial Performance & KPIs
16.1.3. Product Portfolio
16.1.4. SWOT Analysis
16.1.5. Business Strategy & Recent
Developments
Similar details would be provided
for all the players mentioned below
16.2. Dongwha
Electrolyte
16.3. Fujian
Chuangxin Science and Technology Development Co., Ltd.
16.4. Jiangsu Guotai
Super Power New Materials Co., Ltd.
16.5. Mitsui Chemicals,
Inc.
16.6. Morita
Chemical Industries Co., Ltd.
16.7. Nippon
Shokubai Co., Ltd.
16.8. Shandong Shida
Shenghua Chemical Group
16.9. Shanghai
Chemspec Corporation
16.10. Shenzhen
Capchem Technology Co., Ltd.
16.11. Solvay S.A.
16.12. Suzhou Huayi
New Energy Technology
16.13. Tinci
Materials Technology Co., Ltd.
16.14. Zhangjiagang
Guotai Huarong Chemical New Material Co., Ltd.
16.15. Others
17. Research
Methodology
17.1. External Transportations /
Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research
Findings & Conclusion
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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Market Estimates and Forecast
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size of LiFSI for Lithium Battery Electrolyte Market in 2024?
LiFSI for Lithium Battery Electrolyte Market was valued at USD 582.64 Million in 2024.
What is the growth rate for the LiFSI for Lithium Battery Electrolyte Market?
LiFSI for Lithium Battery Electrolyte Market size will increase at approximate CAGR of 3.7% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Arkema Group, Dongwha Electrolyte, Fujian Chuangxin Science and Technology Development Co., Ltd., Jiangsu Guotai Super Power New Materials Co., Ltd., Mitsui Chemicals, Inc., Morita Chemical Industries Co., Ltd. and others.
Which region dominates the LiFSI for Lithium Battery Electrolyte Market?
Asia Pacific dominates the market with an active share of 50%.
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