Briefly describe the future development trend of the lithium-ion battery market.

The development of the lithium-ion battery industry has been more than 40 years and getting mature by the day. The year 2015 was a watershed year in the lithium-ion battery industry development.

Before 2015, the application of lithium-ion batteries was dominated by the IT industry; after 2015, The rise of the electric vehicle industry has triggered a violent storm for the lithium-ion battery market.

In response to environmental protection such as global warming, energy-saving, and carbon emission reduction. Automakers around the world have been successively invested in the research and development of electric vehicles, It makes the application of lithium-ion batteries in energy storage systems for electric vehicles are at record highs. Until now, the application of lithium-ion batteries in electric vehicles has been accounted for 70% and the future is bullish.

As one of the pioneers of the application of the lithium-ion battery industry. The IT industry was not easy to out of step with the market. The 5G technology has been taking off in 2020. The new generation of software communication technology brought new challenges to the performance of lithium-ion batteries.

The biggest feature of the 5G communication technology system is "Network densification", which means that it uses high-frequency and short-wave transmission technology with dense network deployment methods to achieve high bandwidth and high transmission rates. The high frequency and shortwave used in 5G technology need more high energy consumption than 4G systems, According to a rough estimation, the amount of 5G base stations is twice as 4G base stations. It requires larger energy storage equipment. On the other hand, the 5G mobile phone also needs a larger capacity to increase endurance. For the reasons outlined above, the market demand for lithium-ion batteries in the 5G field is promising.

Notably, The impact of the COVID-19 epidemic on the lithium-ion battery application market cannot be underestimated. An epidemic has changed people's life. Many countries have begun to implement remote schools and home office work. It caused the tablet industry with increasingly weak market demand to grow against the trend. It is expected to maintain a good situation in the next 3 to 4 years. The achievements have also brought a new growth momentum for lithium-ion batteries in the 3C technology industry.

In terms of global market size, it is currently estimated that the lithium-ion battery materials (including cathode, anode, separator, and electrolyte, etc.) will expand to 5.77781 billion Japanese yen in 2023.

Briefly describe the future development trend of lithium-ion battery electrolyte.

In order to the needs of end-users in the market, the lithium-ion battery manufacturers have always pursued "high capacitance" as their mainstream R&D goal. Not only most users hope that the portable devices they use have a longer battery life cycle, but the electric vehicles and the 5G industry, which can be called the rising stars of future development also need a power system with high stability and long-term power supply. Therefore, the lithium-ion battery products in the next few years will continue to rely on "high capacitance" as the main demand. Electric vehicle batteries are taking the highest capacity of 300~350Wh/Kg as the development goal.

According to the current development trend and the professional teams of all parties are diligently investing in research and development, the day to reach this milestone is not unforeseen. In addition to the pursuit of high capacity, lithium-ion batteries also pay attention to performance such as high cycle life, fast charging, and high safety. If you want to understand the factors that may affect these properties, you must explore the materials used in lithium-ion batteries. The four major components that make up a battery are a cathode, anode, electrolyte, and separator. The largest material of anode is graphite. (at least 90%), the material of the cathode is a lithium-rich metal oxide, and the separator mostly uses PP/PE plastic film as its materials. Compared with the above three components, the proper electrolyte formula can make the function of lithium-ion batteries has the best condition. Therefore, an electrolyte is also one of the R&D focuses of most lithium-ion battery manufacturers.

Looking at the overall market size of lithium-ion battery electrolytes in Taiwan, the estimated annual design capacity is about 1,000 to 1,200 tons.

Why choose HOPAX

Since 2008, HOPAX following the market trend of "high capacitance" has been successfully developed a series of lithium-ion battery additives and electrolytes, It has obtained a number of invention patents and particularly famous for its high-nickel electrolyte formulations and silicon-oxygen electrolyte formulations. HOPAX also provides customized services, which can adjust and optimize formulas according to customer product attributes, material characteristics, and application scenarios. HOPAX's professional and sophisticated R&D team, through the cooperation with professionals from all walks of life, its R&D direction is more innovative and close to market demand. The product quality and service have also been praised by customers. HOPAX also takes the safety of end-users as its mission. It is committed to developing additive formulations that can improve the safety of batteries. As a lithium-ion battery expert, don’t hesitate to let HOPAX work with you! Let us move towards a new generation of lithium-ion batteries together!!

Pleasecontact usfor the high-quality electrolyte.

Further reading:The 4 major components of the lithium-ion battery