Battery Electrolyte Market Worth 6.18 Billion USD by 2023
PUNE, India: The report “Battery Electrolyte Market by Battery Type and State of Electrolyte (Lead-acid (Liquid Electrolyte, and Gel Electrolyte), Lithium-ion (Liquid Electrolyte)), and Region (APAC, North America, Europe, South America, and MEA)- Global Forecast to 2023”, published by MarketsandMarkets™, the market is projected to grow from USD 4.20 Billion in 2018 to USD 6.18 Billion by 2023, at a CAGR of 8.1% from 2018 to 2023. Increasing adoption of EVs, growing automotive sales in the emerging markets, and increase in the renewable energy storage globally are the key factors driving the growth of the Battery Electrolyte Market.
Browse 132 market data Tables and 36 Figures spread through 145 Pages and in-depth TOC on “Battery Electrolyte Market”
https://www.marketsandmarkets.com/Market-Reports/battery-electrolyte-market-78609093.html
Early buyers will receive 10% customization on this report
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.
Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=78609093
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
Manufacturers are expected to fuel the growth of the Asia Pacific Battery Electrolyte Market between 2018 and 2023.
Some of the leading players operating in the Battery Electrolyte Market include 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).
Know more about Battery Electrolyte Market:
https://www.marketsandmarkets.com/Market-Reports/battery-electrolyte-market-78609093.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
