Albany, NY (PRWEB) January 23, 2015
The lithium battery electrolyte industry was earlier monopolized by South Korean and Japanese manufacturers, and with China entering the manufacturing scene, the overall lithium battery electrolyte market has been uplifted. Today, China holds a major chunk of the production capacity, accounting for 53.3% of the global capacity share in 2014.
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On the basis of application areas, the global lithium battery electrolyte market is divided into electric vehicles, consumer electronics, and industrial energy-storage. As indicated by the market report, the maximum demand for lithium battery electrolyte stems from the consumer electronics sector. While this sector held 80.7% of the total demand in 2013, 13.5% of the demand for lithium battery electrolyte came from electric vehicles. However, the report forecasts that the consumer electronics sector is expected to witness slow growth as a result of which, the electric vehicles segment will surge ahead, becoming the largest market for lithium battery electrolyte by 2018 in terms of demand.
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The research report profiles some of the leading players of the global lithium battery electrolyte market, highlighting key areas such as company profile, development history and prospects, and lithium battery electrolyte business across the globe. The global vendors mentioned in the lithium battery electrolyte research study are BSF, Mitsubishi Chemical Corporation, Mitsui Chemicals, Inc., UBE Industries, Ltd., LG Chem, Novolyte Technologies, and Ukseung Chemical Co., Ltd.
In terms of sales, the global lithium battery electrolyte industry stood at 61,000 tons in 2013. Of this, 9.5% of the sales volume was attributed to Ukseung Chemical while Guotai Huarong contributed 8.5%. Worldwide, Ukseung Chemical was ranked first among all the lithium battery electrolyte enterprises while Guotai Huarong ranked third. Samsung SDI is Ukseung Chemical’s largest client and in 2013, the company sold 57.7% of its lithium battery electrolyte to Samsung SDI. Guotai Huarong’s lithium battery electrolyte capacity reached 10 kilo tons per annum (kt/a) after a 5kt/a lithium battery electrolyte project was completed in September last year.
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Apart from these, the market study also examines the prominent participants of the lithium battery electrolyte in China, keeping in mind aspects such as company profile, affiliates, development history and prospects, technologies, products, and solutions, customers, marketing network, sales and output volume, operations, revenue, capacity and base layout, and supply systems. The Chinese enterprises dealing in lithium battery electrolyte that feature in the market report are Huzhou Chuangya Power Battery Materials Co., Ltd., Guangzhou Tinci Materials Technology Co., Ltd., Dongguan Kaixin Battery Material Co., Ltd., Shantou Jinguang High-Tech Co., Ltd., Beijing Institute of Chemical Reagents, Zhangjiagang Guotai Huarong Chemical New Material Co., Ltd., Dongguan Shanshan Battery Materials Co., Ltd., Shenzhen CAPCHEM Technology Co., Ltd., and Tianjin Jinniu Power Sources Material Co., Ltd.
Global And China Lithium Carbonate Industry Report, 2014
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Global lithium carbonate output grew by 10.57% year on year to 144,400 tons in 2013, and, driven by downstream demand, will maintain an upward momentum, with an estimated AAGR of around 10% over the next couple years, above 200,000 tons in 2017. Lithium carbonate is primarily used in lithium battery, which accounted for 29% of lithium carbonate application in 2014.
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In recent years, the development of electric vehicle (EV) posed new requirements on lithium battery and lithium carbonate, and the demand has kept rising. In 2014, the demand for lithium carbonate from global EV approximated 16,000 tons, 10% or so of total demand, and is projected to hit 27% in 2017. In addition to EV, the development of the industries such as consumer electronics, grid energy storage, mobile base stations and UPS will also stimulate the demand for lithium carbonate.
Global And China Li-Ion Power Battery Industry Report, 2014-2016
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In 2013, the sales volume of global electric vehicles reached 228,000 vehicles, including 95,000 PHEVs and 133,000 BEVs. With the further promotion of electric vehicles globally, the sales volume will rise to 700,000 vehicles by 2016. The global demand for electric vehicle power batteries came to 5,662MWh in 2013; however, following the rising electric vehicle sales and battery capacity per vehicle, the figure is expected to climb to 31,100MWh by 2016.
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At present, manganese-series power battery consisting of NCM and LMO occupies the mainstream status on a global scale, with the cost of battery pack generally higher than USD600/kWh; the lower-cost NCA 18650 batteries fail to be popular with automakers due to safety issues; the similarly lower-cost LFP batteries, because of the poor comprehensive performance, are only popularized and used in China and the United States, while the U.S. automakers have gradually abandoned LFP batteries and turned on purchasing Mn-series batteries from Japanese and S. Korean companies.
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