Solid electrolyte market is anticipated to grow at an exponential CAGR of 32.8% during the forecast period (2024-2031).A solid-state electrolyte is a non-liquid substance capable of conducting ions, commonly employed in batteries to replace conventional liquid electrolytes. This transition offers various benefits, including improved safety, increased energy density, faster charging, and extended lifespan. Solid-state electrolytes find applications across electric vehicles (EV), consumer electronics, energy storage systems, and medical devices, where they contribute to improved performance and safety standards.
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The expansion of R&D activities is contributing to the overall growth of the solid electrolyte market. Investments in technological advancements of solid-state battery technologies from both private and public organizations are driving progress in material science, resulting in improved solid electrolyte materials. These developments are expanding the application spectrum across various sectors such as EVs and consumer electronics, eventually driving the interest of market players to invest in R&D to gain a competitive edge. For instance, in August 2023, SK On, an EV battery manufacturer, announced the successful co-development of an advanced oxide-based solid electrolyte with higher lithium-ion conductivity. The jointly developed solid-state electrolyte, patented domestically and internationally, exhibits a 70% improvement in lithium-ion conductivity, reaching a world-leading level of 1.7 mS/cm. This innovation not only improves conductivity but also ensures air stability, marking a significant advancement in solid electrolyte technology.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Solid ELECTROLYTE MARKET by Type
- Inorganic Solid Electrolytes (ISEs)
- Composite Polymer Electrolytes (CPEs)
- Solid Polymer Electrolytes (SPEs)
Global Solid ELECTROLYTE MARKET byApplication
- Automotive
- Consumer electronics
- Energy
- Healthcare
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 24M Technologies, Inc.
- Addionics Ltd.
- Ampcera Inc.
- Blue Solutions S.A.S.
- Dyson Ltd.
- Empower Materials
- Excellatron Solid State, LLC
- Ionic Materials Inc.
- Ohara Inc.
- Panasonic Corp.
- Planar Energy Devices, Inc.
- Prieto Battery, Inc.
- ProLogium Technology Co., Ltd.
- QuantumScape Corp.
- Samsung SDI Co., Ltd.
- Solid Power, Inc.
- STMicroelectronics N.V.
- Toshima Manufacturing Co. Ltd.
- TOYOTA MOTOR CORP.
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global solid electrolyte market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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