LiTFSI market is categorized based on product type, such as LiTFSI powder and LiTFSI solution. Similarly, the LiTFSI market is categorized based on application, such as electrical vehicles, e-bikes, smartphones, laptops and power tools. LiTFSI is featured with high battery performance and high intrinsic safety, due to its chemical and thermal stability. Moreover, LiTFSI helps in eliminating aluminum corrosion and used as separator coating. LiTFSI salt, which is widely used in the lithium batteries as an antistatic agents and electrolyte additive salt, is used to reduce or eliminate the buildup of static electricity on the material. Hence, the rising demand for antistatic agents in the lithium-ion batteries driving the growth of the LiTFSI market.
The companies operating in the LiTFSI market include a combination of various established players in the chemical industry. Major players in the LiTFSI market include Solvay SA, The 3M Company, Jiangsu Guotai Super Power New Materials Co., Ltd., PERIC Special Gases Co. Ltd., Monils Chemical (Shanghai) Co., Ltd., Ossila Ltd., Tokyo Chemical Industry Co., Ltd., XIAMEN TOB NEW ENERGY TECHNOLOGY Co., LTD., Time Chemical Co Ltd. and MTI Corporation.
Global LiTFSI Market, By Type
Based on type, the LiTFSI Market is segmented into the following:
- LiTFSI Powder
- LiTFSI Solution
In 2019, the LiTFSI solution segment led the overall LiTFSI market in terms of market value accounting for over 60% of the global market. LiTFSI solution is widely used as it has a higher inclination to migrate over the material surfaces as compared to other forms and it is similarly used in the liquid electrolyte and polymer electrolyte of lithium batteries. In addition, LiTFSI solution has good electrochemical performance and it also finds its application in the manufacturing process of rare-earth Lewis acid catalysts. LiTFSI solution has high intrinsic chemical, thermal stability and it is highly soluble in water (i.e. > 21 m). Hence, LiTFSI solution is widely used as compare to the LiTFSI powder.
Global LiTFSI Market, By Application
Based on application, the LiTFSI Market is segmented into the following:
- Electrical vehicles
- Power tools
In 2019, the electrical vehicles led the overall LiTFSI market in terms of market value. Lithium-ion batteries have developed itself as one of the primary solution for the manufacturers to power the electrical and power hybrid vehicles. The factor that is supporting the adoption of the LITFSI in the lithium-ion batteries is the rising use of antistatic agents, because of its high charge retention capacity and high energy density. In addition, consumers and governments are more inclined towards fully battery powered electric vehicles, because of the growing green vehicle trend. Moreover, the manufacturers have also developed fast charging batteries for the electric vehicles, which have solved long charging time problem and hence, there is rise in usage of the electric vehicles.
Global LiTFSI Market, By Geography
Based on geography, the LiTFSI Market is segmented into following:
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2019 and 2028:
In 2019, Asia-Pacific held the largest share in the LiTFSI market because China has the largest consumption of lithium-ion batteries, that are required for electric vehicles, electric bicycles and smartphones and other electronic devices, which results in the rise of the sales figure. The increasing use of the electric vehicles, electric bicycle, smartphones and tablets in the developing countries, such as China and India is supporting the demand for the portable batteries, which indirectly increasing the demand for the Lithium-ion batteries. In addition, Japan also holds the maximum share in the Lithium-ion batteries, as the usage of the electric vehicle is more in this country. China holds the highest share in the LiTFSI market, as the adoption of electric cars in this region is growing and the manufacturers are also investing a huge amount in research and development. In 2019, electric vehicle production in China reached to 1.24 Mn units, and the sales reached to 1.21 Mn units, which in return has been increasing the growth of the LiTFSI market.