Friday 26 July 2019

At 6.2% CAGR, Lithium ion Battery Electrolyte Market Size Worth USD 1970 Mn by 2024

Market Study Report LLC newly added the Global Lithium ion Battery Electrolyte Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.

The Global Lithium ion Battery Electrolyte Market size was at USD 1370 million in 2019 and is projected to reach USD 1970 million by 2024, at a CAGR of 6.2 %.

This report studies the Lithium ion Battery Electrolyte market. Lithium-ion batteries are mainly made up of four major components: anode material, cathode material, electrolyte, separator. The electrolyte is one of the key raw materials of lithium-ion batteries, it is the "blood" of lithium ion batteries, between the battery positive and negative playing a role of transporting energy, guaranteeing the lithium-ion batteries to have high voltage, high specific energy and other advantages. It accounts for about 5% -12% of the cost of lithium-ion battery production costs. Usually the electrolyte is prepared by the high purity organic solvent, electrolyte, additive and other materials under certain conditions and certain proportion.

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