Solid Electrolyte for Lithium Ion Battery Market

Solid electrolytes conduct lithium ions at room temperature and have the potential to replace flammable and toxic organic electrolytes. In addition, solid-state electrolytes make batteries much safer and allow lithium metal to be used as the anode.

One type of rechargeable battery that uses a solid electrolyte material as its anode and cathode is the reliable electrolyte lithium-ion battery. The solid electrolyte lets the battery charge and discharge quickly, making it an excellent choice for electric cars, mobile devices, and gaming controllers.

The solid electrolyte market for lithium-ion batteries is divided into four regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America dominated the overall market in 2018, with a share of more than 50%. Europe is expected to grow fastest during the forecast period due to the region's increasing adoption of electric vehicles. 

On the other hand, because of the high penetration of electric cars in China and India, Asia-Pacific is expected to grow slower than other regions. However, a row is expected to grow significantly as demand for sustainable energy solutions grows.

The market for solid electrolytes for lithium-ion batteries is classified by type, application, and region. The type segment is further subdivided into non-aqueous and aqueous. Non-aqueous segment leaders include silica gel, soda ash, and graphite/carbon nanotubes, while aqueous segment leaders include sodium chloride and potassium phosphate. Finally, the application segment is divided into two categories: transportation (cars, motorcycles, and planes) and stationary (laptop, phone).

The solid electrolyte market is growing because of the growing demand for electric cars, renewable energy sources, and technological advances like new manufacturing processes and materials.

Samsung SDI Co., Ltd., LG Chem Ltd., Panasonic Corporation, Toshiba Corporation, and Nidec Corporation are some of the key players in the solid electrolyte lithium-ion battery market.