Liquid Electrolyte Market with Attractiveness, Competitive Landscape & Forecasts to 2028

(The Express Wire via Comtex)

The global liquid electrolyte market size is projected to showcase substantial growth in the forthcoming years due to the increasing demand from the electronics sector. This information is published by Fortune Business Insights in its report, titled "Liquid Electrolyte Market, 2021-2028". The electrolyte solution is primarily used in lithium-ion batteries and in energy storage systems. The rising utility of electric vehicles and various electronics is anticipated to propel the market for the product. However, despite its wide range of applications, substantial care needs to be taken that the product is used with only non-flammable materials to prevent a fire hazard.

COVID-19 Impact

The coronavirus-induced lockdown resulted in the widespread industrial shutdown. Various industries during this period closed operations under government norms. The chemical industry was also significantly affected due to various restrictions imposed by the local authorities. The relaxation of lockdown restrictions is reopening various industries on limited manpower. This is expected to normalize the supply and demand gap experienced during the pandemic phase. Also, as the market reopens for non-essential goods and services, it is expected that substantial demand for the product shall incur.

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Market Segmentation

Based on solvent types, the market is classified into methyl carbonate, diethyl carbonate, propylene carbonate, ethylene carbonate, ethyl methyl carbonate, and others. By application, the market for liquid electrolyte is divided into lithium-ion batteries, capacitors, and others. Finally, based on geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

What Does the Report Contain?

The report on the market provides an in-depth analysis of the crucial factors impacting industrial growth in the coming years. The report profiles the crucial market players for liquid electrolytes and studies their strategies, business model, advancement in technology, revenue generation, and others to predict market dynamics. It also studies the various probable future ventures of the catalyst and gives key insights on that. Our in-house expert panel has devised strategies, advice, and reviews on the quality information researched by them in this report.

Driving Factor

Increasing Expenditure on Consumer Goods to Facilitate Market Growth

The increasing adoption of lithium-ion batteries across various electronics such as smartphones, smartwatches, electronic gadgets, and others propels the product’s demand worldwide. This phenomenon is experienced due to the rising disposable income across various regions and increased expenditure on electronics. For instance, in 2020, Samsung shipped 315 million smartphones and gained a profit of USD 18,947 million. Similarly, in the same year, Apple shipped 215 million units and made a profit of USD 48,351 million. In addition, several devices such as Bluetooth earphones, speakers, smartphones, and others are end-users of the product and are expected to facilitate the liquid electrolyte market growth.

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Regional Insights

Widespread Demand in Asia Pacific Owing to Growing Adoption of Electric Vehicles

Asia Pacific is projected to lead the liquid electrolyte market share in the forthcoming years. This is due to the increasing demand for key components in electric vehicles. Also, the high consumption of consumer electronics in the region facilitates an increased revenue generation in the region. In addition, the presence of large manufacturing bases in the region is also contributing substantially to the market growth.

North America is anticipated to hold a considerable market share in the foreseeable future. This is because of the rising adoption of electric vehicles to curb carbon emissions in the environment.

Competitive Landscape

Key Players to Focus on Expanding Distribution Capacities to Boost Sales Revenue

The competitive landscape of the market for liquid electrolyte is fragmented. The far and few prominent players in this market are spread globally. The report has comprehensive details and statistics on these players. Details such as the revenue generated, production cost, production capacity, production facilities, details of exports and imports, and much more are discussed in detail.

List of Key Players Profiled in the Market:

  • Mitsubishi Chemical Corporation
  • Ube Industries
  • Shenzhen Capchem Technology Co. Ltd.
  • Johnson Controls
  • Guangzhou Tinci Materials Technology Co., Ltd.
  • GS Yuasa Corporation
  • 3M
  • LG Chem
  • American Elements.

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Liquid Electrolyte Market with Attractiveness, Competitive Landscape & Forecasts to 2028

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