The Organosilicon Electrolytes Market is expected to grow at a phenomenal CAGR of 64.8% during the forecast period, TMR Report – GlobeNewswire | Region & Cash

Wilmington, Delaware, United States, July 25, 2022 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The value of the global Organosilicon Electrolytes market in 2021 was US$28.2M. The market is expected to increase at a CAGR of 64.8% during the forecast period of 2022 to 2031. The market value of organosilicon electrolyte is estimated to reach US$4,070.8 million by 2031. Although the global organosilicon electrolyte market is still in its infancy, it still has a lot of development potential in the coming years.

In an attempt to extend the operating temperature range in batteries, optimize cell life, and increase cell capacity, an organosilicon electrolyte is used as a co-solvent in a lithium-ion battery electrolyte. The barriers to growth for the organosilicon electrolyte market include the use of organosilicon as a non-flammable and environmentally friendly substance in both non-rechargeable and rechargeable lithium-ion batteries. As electrolyte additives or as solvents for conventional electrolytes, these substances can improve the electrochemical safety and performance of lithium-ion batteries. Currently, both electric cars and defense applications make up significant amounts of organosilicon, which is expected to expand the scope for demand analysis of the organosilicon electrolyte market.

For various end uses including stationary storage, defense, consumer electronics, electric vehicles and others, organosilicon electrolytes are now being used as co-solvents in rechargeable and non-rechargeable lithium-ion batteries. The use in the maritime sector will likely emerge as one of the emerging trends of the organosilicon electrolyte.

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Key Findings of the Market Report

  • Improved solvents and salts with thermal and electrochemical stability and safety features that surpass the capabilities of the most advanced commercial electrolytes are needed for the manufacture of automotive Li-ion batteries. It also includes allowing high voltage cathode materials. Organosilicon solvents have significantly lower vapor pressures than the linear carbonates commonly used in Li-ion batteries. This makes them both electrochemically and thermally stable and promotes the growth prospects for the organosilicon electrolytes market.
  • Due to various stringent regulations, the use of hybrid and all-electric systems in both new and retrofit vessels has increased in recent years. It can be assumed that this trend will continue in the foreseeable future. In the long term, hybrid and all-electric marine boats minimize both air pollution and operating costs. In addition, the ship’s propulsion system could use energy from battery storage during peak times. This saves money and helps reduce fossil fuel consumption. As a result, the global organosilicon electrolyte market is expected to grow due to the higher usage of lithium-ion battery packs in the marine industry.
  • In 2021, Asia Pacific accounted for the second largest share of the global market. The regional market is expected to expand at a significant CAGR of 69.2% over the forecast period. In the Asia-Pacific region, China is a significant market for organosilicon electrolytes, which will account for almost half of the market in 2021.

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Global organosilicon electrolyte market: growth accelerator

  • Lithium-ion batteries are already being used in hybrid and electric vehicles and are expected to make their way into the telecom, industrial, consumer electronics and energy storage sectors. The increased energy density of lithium-ion batteries is largely attributed to the electrolyte.
  • Depending on the volume, the Americas is projected to account for a sizeable portion of the global organosilicon electrolytes market in 2021. The regional market is expected to develop significantly over the forecast period. Due to the high demand for organosilicon electrolytes by the US Navy, the country is a leading contributor to the North American market.

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Global organosilicon electrolyte market: button player

Some of the key market players are

Global organosilicon electrolyte market: segmentation

application

  • Rechargeable lithium-ion battery
  • Non-rechargeable lithium-ion battery

stop using it

  • defense
  • electric vehicle
  • stationary storage
  • consumer electronics
  • Other

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