EV Industry Demand for Lithium Battery Electrolyte to Exceed That of Consumer Electronics by 2018

DALLAS, January 6, 2015 /PRNewswire/ --

RnRMarketResearch.com adds "Global and China Lithium Battery Electrolyte Industry Report, 2014-2018" of 84 pages to the battery technology section of energy market intelligence collection in its online business research and data library.

Globally, lithium battery electrolyte, which originated in the 1990s, has long been monopolized by Japanese and South Korean manufacturers. With the growth of Chinese electrolyte manufacturers and domestic production of lithium hexafluorophosphate, the foreign capacity of lithium battery electrolyte has been gradually shifted to China, with the capacity in China for 2014 accounting for 53.3% of the global total. As one of the four key materials, electrolyte is mixed in certain proportions of solvent, electrolyte, and additives. It is mainly used in the fields such as consumer electronics, electric vehicles, and energy storage devices. Complete report titled Global and China Lithium Battery Electrolyte Industry Report, 2014-2018 is available at http://www.rnrmarketresearch.com/global-and-china-lithium-battery-electrolyte-industry-report-2014-2018-market-report.html .

It is projected that amid the slowed growth in demand from consumer electronics and rapid expansion in EV demand, the EV's demand for lithium battery electrolyte will exceed consumer electronics' in 2018. The global consumer electronics have the largest demand for lithium battery electrolyte, occupying 80.7% in 2013, followed by the demand from electric vehicles, sharing 13.5% in 2013. In order to improve the battery energy density to increase EV driving range, high-voltage cathode materials will be mainly developed. Therefore, the corresponding high-voltage electrolyte will become the main trend for future electrolyte development. Globally, 4.2-4.35V high-voltage electrolyte has now become mature; 4.4-4.5V high-voltage electrolyte is being marketed; and 5V high-voltage electrolyte is under development. Additive formula is a major technological means to obtain high-voltage electrolyte and thus become a top priority of investment. The gap in solvents and additives between Chinese and foreign manufacturers is narrowing.

World's influential lithium electrolyte producers consist of Ukseung, LG CHEM, Mitsubishi Chemical, UBE Industries, Guotai Huarong, and Capchem, etc. In 2013, the sales volume of lithium battery electrolyte globally amounted to 61,000 tons, 9.5% of which came from Ukseung, making it the world's No. 1. And Guotai Huarong, the largest lithium battery electrolyte manufacturer in China, represented 8.5% of the global total, ranking the third place worldwide.

Companies profiled in Global and China Lithium Battery Electrolyte Industry Report, 2014-2018 include Mitsubishi Chemical Corporation, UBE Industries, Ltd., Ukseung Chemical Co., Ltd., LG Chem, Novolyte Technologies, BSF, Mitsui Chemicals, Inc., Zhangjiagang Guotai Huarong Chemical New Material Co., Ltd., Shenzhen CAPCHEM Technology Co., Ltd., Tianjin Jinniu Power Sources Material Co., Ltd., Dongguan Shanshan Battery Materials Co., Ltd., Guangzhou Tinci Materials Technology Co., Ltd., Dongguan Kaixin Battery Material Co., Ltd., Zhuhai Smoothway Electronic Materials Co., Ltd., Beijing Institute of Chemical Reagents, Shantou Jinguang High-Tech Co., Ltd. and Huzhou Chuangya Power Battery Materials Co., Ltd. Order a copy of this research at http://www.rnrmarketresearch.com/contacts/purchase?rname=256320 .

Ukseung: the company's biggest lithium electrolyte client is Samsung SDI (a global leader in small-sized lithium batteries). In 2013, Ukseung sold 57.7% of its products to Samsung SDI. In addition, the company shared some of its electrolyte patents with Samsung SDI.

UBE Industries: the company has gradually transferred electrolytic capacity to China. In 2013, UBE Industries (24.5%), together with HNEC (51.0%), HighChem (24.5%), established a joint-venture electrolyte raw material (DMC) production company in Puyang city, Henan province, with production capacity of 100kt/a.

Guotai Huarong: In September 2014, a 5kt/a lithium battery electrolyte project was completed and received final acceptance. Thus, the company's lithium battery electrolyte capacity was expanded to 10kt/a.

Capchem: In July 2014, the company acquired a 76% stake in Zhangjiagang Hicomer Chemical Co., Ltd., a company that produces lithium battery additives, for RMB27.97 million, hoping to improve electrolyte industry chain.

Guangzhou Tinci: In September 2014, the company publicly offered shares for raising funds in an attempt to purchase a 100% interest in Dongguan Kaixin. When the acquisition is completed, the company will successfully enter ATL lithium battery industry chain.

Global and China Lithium Battery Electrolyte Industry Report, 2014-2018 highlights: Development history, market size, competition pattern, etc of lithium battery electrolyte worldwide; Status quo, market size, competitive landscape, etc of lithium battery electrolyte industry in China; Lithium hexafluorophosphate market size and competition pattern in China and beyond, and downstream applications of lithium battery electrolyte, etc.; Lithium battery market size, market structure, competitive landscape, etc in China and the World; Operation, revenue structure, layout in China, etc of seven foreign lithium battery electrolyte manufacturers; Operation, revenue structure, competitive edges, etc of ten Chinese lithium battery electrolyte producers.

On similar lines, the Battery Electrolyte Markets in China research report says China's demand for Battery Electrolyte has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and capital investment for over two decades. This new study examines China's economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants. Historical data (2003, 2008 and 2013) and long-term forecasts through 2018 and 2023 are presented. Major producers in China are profiled.

The Global Database of the Top 1000 Battery Producers - Company Names, Financial Performance, Key Executives, and Contact Details is an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key company information in readily accessible and clearly presented format. The database is essential for companies who want to find out more about the leading players on the market or to find and contact potential customers and partners. This vital database contains the following information about the companies (when available):

Company name
Financial data
Number of employees
Contact details (address, phone, fax, email, web site)
Names of the key executives

The delivery time of this company database is a couple of business days after ordering it online through http://www.rnrmarketresearch.com/global-database-of-the-top-1000-battery-producers-company-names-financial-performance-key-executives-and-contact-details-market-report.html .

Explore more reports on battery technology industry at http://www.rnrmarketresearch.com/reports/energy-power/energy/battery-technology .

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