DUBLIN, Jan. 26, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/g36qjv/global_and) has announced the addition of the "Global and Chinese Lithium Battery Electrolyte Industry Report, 2016-2020" report to their offering.
In 2015, the sales volume jumped by 42.1% year on year to 117,000 tons; and it is expected to exceed 600,000 tons in 2020.
As the world's largest consumer of lithium battery electrolyte, China sold 63,000 tons of lithium battery electrolyte in 2015, up 48.9% year on year; the output value amounted to RMB2.86 billion, a year-on-year surge of 52.2%. The output value grew faster than the sales volume mainly because: First, functional electrolyte which is expensive than conventional electrolytic accounted for a rising proportion of the sales volume. Second, the soaring raw material prices pushed up the electrolyte price from RMB90,000/ton in early 2015 to over RMB200,000/ton at the end of the year. The uptrend is expected to continue in 2016.
By applications, electric vehicle and energy storage will become major growth engines of lithium batteries. The global shipment of electric vehicle power lithium battery surged beyond 110% year on year to 20.8GWh in 2015, and will grow at the CAGR of above 50% in 2016-2020. However, the shipment of small lithium batteries used for consumer electronics represented by smart phones and tablet PCs will see sharp slowdown with an expected growth rate of 5% -10% in the future.
In terms of competitive landscape, the global lithium battery electrolyte market is highly concentrated. In 2015, the world's top ten electrolyte companies seized the combined market share of approximately 62.2%. Capchem replaced Panax-Etec to become the world's largest manufacturer of lithium battery electrolyte with the market share of 9.2%, and Panax-Etec ranked second with 8.8%. Over the same period, China's top ten electrolyte manufacturers occupied the combined market share of over 85%.
Key Topics Covered:
1 Overview of Lithium Battery Electrolyte Industry
2 Status Quo of Global Lithium Battery Electrolyte Market
3 Status Quo of China Lithium Battery Electrolyte Market
4 Upstream and Downstream Segments of Lithium Battery Electrolyte Industry
5 Status Quo of Lithium Battery Market
6 Key Players in the World
7 Key Players in China
8 Summary and Forecast
Companies Mentioned
- BSF - Beijing Institute of Chemical Reagents - Dongguan Shanshan Battery Materials Co., Ltd. - Guangzhou Tinci Materials Technology Co., Ltd. - Huzhou Chuangya Power Battery Materials Co., Ltd. - LG Chem - Mitsubishi Chemical Corporation - Mitsui Chemicals, Inc. - Panax-Etec Co., Ltd. - Shantou Jinguang High-Tech Co., Ltd. - Shenzhen Capchem Technology Co., Ltd. - Tianjin Jinniu Power Sources Material Co., Ltd. - UBE Industries, Ltd. - Xianghe Kunlun Chemical Co., Ltd. - Zhangjiagang Guotai Huarong Chemical New Material Co., Ltd. - Zhuhai Smoothway Electronic Materials Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/g36qjv/global_and
Media Contact:
Laura Wood, +353-1-481-1716, press@researchandmarkets.net
