LiFSI for Lithium Battery Electrolyte Market Summary
According to the new market research report “Global LiFSI for Lithium Battery Electrolyte Market Report 2024-2030”, published by QYResearch, the global LiFSI for Lithium Battery Electrolyte market size is projected to reach USD 1.8 billion by 2030, at a CAGR of 14.9% during the forecast period.
LiFSI, or lithium bis(fluorosulfonyl)imide, is a lithium salt that is commonly used as an additive in lithium-ion battery electrolytes. It is known for its ability to improve the performance and safety of lithium-ion batteries.
Figure. Global LiFSI for Lithium Battery Electrolyte Market Size (US$ Million), 2019-2030
Above data is based on report from QYResearch: Global LiFSI for Lithium Battery Electrolyte Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
Figure. Global LiFSI for Lithium Battery Electrolyte Top 9 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Above data is based on report from QYResearch: Global LiFSI for Lithium Battery Electrolyte Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of LiFSI for Lithium Battery Electrolyte include Tinci, Nippon Shokubai, Cap Chem, Chem Spec, DFD, Chunbo Chem, Yongtai Tech, HSC Corporate, Shanghai Rolechem, Company 10, etc. In 2023, the global top five players had a share approximately 79.0% in terms of revenue.
Market Drivers:
Growing Demand for Electric Vehicles (EVs): As the demand for electric vehicles continues to rise, there is a corresponding increase in the demand for high-performance lithium-ion batteries. LiFSI's ability to improve battery performance and safety makes it an attractive option for EV manufacturers and contributes to its market growth.
Energy Storage Systems (ESS): The expansion of renewable energy sources and the need for efficient energy storage systems drive the demand for high-performance lithium-ion batteries. LiFSI's benefits in enhancing battery performance and safety make it a valuable component in the electrolytes used in these applications.
Increased Focus on Battery Safety: Safety concerns regarding lithium-ion batteries have led to a heightened focus on improving battery safety. LiFSI's properties, such as thermal stability and wide electrochemical stability window, address some of these safety concerns, making it a preferred choice for battery electrolytes.
Advancements in Battery Technology: Ongoing research and development in the field of battery technology have led to the identification of LiFSI as a beneficial additive for enhancing the performance and lifespan of lithium-ion batteries. This drives the adoption of LiFSI in battery electrolytes.
Restraint:
Cost Considerations: The production cost of LiFSI can be relatively high compared to other lithium salts commonly used in battery electrolytes. This cost factor can potentially limit the widespread adoption of LiFSI, especially in mass-market applications such as electric vehicles and consumer electronics. As a result, the higher cost may present a barrier to its extensive use in the lithium battery industry, particularly in price-sensitive markets.
The cost factor can influence the overall competitiveness of LiFSI compared to alternative lithium salts and electrolyte additives, impacting its market penetration, especially in applications characterized by tight cost constraints and intense price competition.
Market Trend:
There was a growing interest in LiFSI due to its potential to address challenges related to high-voltage operation, safety, and energy density in lithium-ion batteries. As the demand for high-performance batteries for electric vehicles, portable electronics, and energy storage systems continued to grow, the market for advanced electrolyte additives such as LiFSI was expected to expand.
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