The lithium and lithium-ion battery electrolytes market is anticipated to create an absolute dollar opportunity during the forecast period from 2022 to 2029. The market is expected to grow with a year-on-year growth of 11.7%, reaching a valuation of about US$ 4,215.2 Million by the end of 2022.

The global market is predicted to witness a reasonable CAGR of 13.2% touching a valuation of about US$ 10,054.4 Million in 2029. According to the FMI studies, the BPS values shown in the market for lithium and lithium-ion battery electrolytes in the first half of 2022 have decreased by 20 units.

However, according to the forecast the market is expected to grow by 40 BPS in H1 2022 compared to H1 2021. According to the historical analysis, the sales of lithium and lithium-ion battery electrolytes surged at a robust CAGR of 9.9% between 2014 and 2021. The rise in its application is predicting substantial growth in the global market.

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Lithium and Lithium Ion Battery Electrolytes Market by Category

By Form:

• Liquid
• Solid
• Gel

By Product Type:

• Lithium Based
• Sulfide Based
• Polymer Based
• Oxide Based
• Others

By End Use:

• Automotive
• Consumer Electronics
• Power & Energy
• General Industrial

By Region:

• China
• Japan
• South Korea
• The U.S.

More Insights into the Lithium and Lithium-Ion Battery Electrolytes Market

As per the FMI analysis, the U.S. is projected to account for a big chunk of the global lithium and lithium-ion battery electrolytes market in the global landscape. The region is expected to showcase a steady pace owing to the increased consumption of electronic items.

The rise in population and rapid urbanization are some of the primary features influencing the growth of the electronics and automotive industries. The consumer electronics industry is likely to propel at a rapid pace, boosting the market for electrolyte makers.

The U.S. is expected to garner a revenue of US$ 289.9 Million by the year 2029. Due to the rising demand for electric motorcycles in Japan and other Asia-Pacific countries, lithium-ion batteries have a fortunate future in the Asia-Pacific region.

There is a surge witnessed in the number of four-wheeled electric cars powered by lithium-ion batteries which is propelling its demand in the automotive industries of China, South Korea, and Japan. Due to these factors, Japan and South Korea are collectively expected to reach about US$ 2,878.9 Million by the year 2029.