Ion Battery Electrolytes Market is anticipated to grow at a CAGR around 12%
Technological developments and stringent government regulations is anticipated to increase the market size
By: research nester
The CAGR of global lithium and lithium ion battery electrolytes market (https://www.researchnester.com/
By region, North American countries especially U.S.A accounted for 11% increase in sales of electric vehicle from 2015 levels. Growing adoption of smart devices coupled with shift toward digitization across industrial and healthcare sector will augment the U.S. market. With favorable government policies the demand for electric vehicles will increase substantially, which will parallely fuel the growth in lithium and lithium Ion Battery market.
Increasing adoption of the electric vehicles such as plug-in hybrid electric vehicles (PHEVs) with satisfactory guidelines including subsidies and tax rebate will augment lithium ion battery market share. Automotive sector are notable application areas. The increased supply of raw materials at reasonable prices has stimulated high production volume making them the ideal technology in industry and commercial sector.
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Strict regulations to encourage the use non-hazardous material will boost the market share over forecast period. For instance, according to a directive of The Department of Energy and National Renewable Energy Laboratory (NREL) it is mandatory for various industries to encourage the adoption of environmentally safe batteries. The regulation also enlists the battery safety standards that need to be followed to by electric vehicle manufacturers.
The report (https://www.researchnester.com/
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model. This report also provides the existing competitive scenario of some of the key players of the global lithium and lithium ion battery electrolytes market which includes company profiling of key companies such as Mitsubishi Chemical, Honeywell UOP, BASF SE, Shandong Shida Shenghua Chemical Group Co., Ltd. , Zhejiang Yongtai Technology Co., Ltd., Bicon Pharmaceutical Listed Company (Bicon), Do-Fluoride Chemicals Co Ltd. (Do-Fluoride Chemicals), Guangzhou Tinci Materials Technology Co., Ltd. (Tinci), Parad Corporation Pvt Ltd., Mitsui Chemical and Merck KGaA. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of global lithium and lithium ion battery electrolytes market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Page Updated Last on: Feb 05, 2019