Solid Electrolyte Market Trends and Forecast
The future of the global solid electrolyte market looks promising with opportunities in the thin-film battery and electric vehicle battery markets. The global solid electrolyte market is expected to grow with a CAGR of 15.4% from 2024 to 2030. The major drivers for this market are increasing demand for safer and higher energy density batteries, growing adoption in electric vehicles and energy storage systems, and advancements in material science and manufacturing techniques.
• Lucintel forecasts that solid polymer is expected to witness higher growth over the forecast period.
• Within this market, electric vehicle battery will remain the larger segment due to stringent government regulations.
• North America is expected to witness the highest growth over the forecast period due to rising adoption of solid state batteries in electric vehicles.
Country Wise Outlook for the Solid Electrolyte Market
• United States: Companies like Solid Power announced scaling up production capacity to meet EV battery demand, supported by government grants aimed at advancing solid-state battery technology.
• Japan: Toyota and Panasonic set ambitious targets for solid-state battery integration in electric vehicles by 2025, supported by government funding for research and development.
• Germany: BMW and Varta partnered to develop solid electrolyte solutions, aiming to achieve commercialization by 2024, backed by government incentives for battery innovation.
• China: CATL unveiled plans to mass-produce solid-state batteries, targeting a significant market share by 2030, supported by government subsidies for technological advancement in energy storage.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Solid Electrolyte Market by Segment
The study includes a forecast for the global solid electrolyte market by type, application, and region.
Solid Electrolyte Market by Type [Value from 2018 to 2030]:
• Ceramic
• Solid Polymer
Solid Electrolyte Market by Application [Value from 2018 to 2030]:
• Thin-Film Battery
• Electric Vehicle Battery
Solid Electrolyte Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Solid Electrolyte Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies solid electrolyte companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the solid electrolyte companies profiled in this report include-
• NEI Corporation
• STMicroelectronics
• Toshima Manufacturing
• TOYOTA MOTOR CORPORATION
• Brightvolt
• Cymbet Corporation
• Empower Materials
• Ampcera
• Lonic Materials
• Ohara
Recent Development in the Solid Electrolyte Market
• Solid Power: Expansion of Production Facilities Solid Power, a leading player in solid electrolyte technology, announced plans to expand its production facilities in response to increasing demand for solid-state batteries. The initiative aims to scale up manufacturing capacity to meet global market needs for advanced energy storage solutions.
• QuantumScape: Partnership with Volkswagen QuantumScape forged a strategic partnership with Volkswagen to advance solid-state battery technology for electric vehicles (EVs). The collaboration focuses on integrating QuantumScapeÄX%$%Xs solid electrolyte platform into VolkswagenÄX%$%Xs future EV lineup, aiming to enhance battery performance and range.
• Toyota: Advancements in Solid Electrolyte Research Toyota has made significant strides in solid electrolyte research, achieving breakthroughs in enhancing battery safety and performance. Their initiatives include novel material developments and advanced testing methodologies aimed at commercializing solid-state batteries for automotive applications.
• Samsung SDI: Investment in Solid Electrolyte Production Samsung SDI announced a substantial investment in solid electrolyte production capabilities, aiming to ramp up output for next-generation battery solutions. The investment underscores Samsung SDIÄX%$%Xs commitment to solid-state technology as a key driver of innovation in energy storage.
• BASF: Development of Solid Electrolyte Materials BASF has intensified its efforts in developing advanced solid electrolyte materials for high-performance batteries. Their research focuses on optimizing material properties to enhance battery efficiency, safety, and durability, supporting the transition towards solid-state battery solutions in various applications.
Features of the Global Solid Electrolyte Market
Market Size Estimates: Solid electrolyte market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Solid electrolyte market size by type, application, and region in terms of value ($B).
Regional Analysis: Solid electrolyte market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the solid electrolyte market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the solid electrolyte market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the growth forecast for solid electrolyte market?
Answer: The global solid electrolyte market is expected to grow with a CAGR of 15.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the solid electrolyte market?
Answer: The major drivers for this market are increasing demand for safer and higher energy density batteries, growing adoption in electric vehicles and energy storage systems, and advancements in material science and manufacturing techniques.
Q3. What are the major segments for solid electrolyte market?
Answer: The future of the global solid electrolyte market looks promising with opportunities in the thin-film battery and electric vehicle battery markets.
Q4. Who are the key solid electrolyte market companies?
Answer: Some of the key solid electrolyte companies are as follows:
• NEI Corporation
• STMicroelectronics
• Toshima Manufacturing
• TOYOTA MOTOR CORPORATION
• Brightvolt
• Cymbet Corporation
• Empower Materials
• Ampcera
• Lonic Materials
• Ohara
Q5. Which solid electrolyte market segment will be the largest in future?
Answer: Lucintel forecasts that solid polymer is expected to witness higher growth over the forecast period.
Q6. In solid electrolyte market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period due to rising adoption of solid state batteries in electric vehicles.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the solid electrolyte market by type (ceramic and solid polymer), application (thin-film battery and electric vehicle battery), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Solid Electrolyte Market Market, Solid Electrolyte Market Market Size, Solid Electrolyte Market Market Growth, Solid Electrolyte Market Market Analysis, Solid Electrolyte Market Market Report, Solid Electrolyte Market Market Share, Solid Electrolyte Market Market Trends, Solid Electrolyte Market Market Forecast, Solid Electrolyte Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.