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The Lithium Ion Battery Market Will Grow Rapidly

The market for solar electric vehicle modules will increase rapidly in the future, and lithium-ion battery technology is also widely accepted and practiced. It is estimated that the battery market will grow rapidly with the decline in the price of lithium-ion batteries from 2013 to 2015.

Currently, the battery anode uses copper, while the cathode uses aluminum. Polypropylene is the main ingredient of the separated layer.  Whether electric vehicles can be accepted by the public or not is determined by the security of the battery system, because the heat produced by the car can cause a chemical reaction or even an explosion.

Heat-resistant materials and thermal management systems are very important for the promotion of electric vehicles. Rechargeable Lithium batteries are expected to replace Ni-MH because of their high density.

The future development of the battery industry will be influenced by several elements, such as infrastructure, globalization, and product security, the balance between costs and performance, cooperation between suppliers and users.  

A report shows that there are fifty battery chemical plants. They are almost located in Europe and America, offering products for battery manufacturing and manufacturing original car equipment. At present, the automotive battery value chain consists of chemical suppliers, battery manufacturers, battery assemblers and car OEMs.

Asia is the main market for chemicals, which takes an 80% ratio worldwide. Meanwhile, the developing European and American markets will also be important markets. Many reasons encourage the development of the chemical market, such as fluctuations in oil prices, energy demand and policies. 



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