Lithium and Lithium Ion Battery Electrolyte Market to Advance at a 12.2% CAGR by 2034 as Electric Vehicle Sales are Hitting the Roof | Future Market Insights, Inc. [Yahoo! Finance]
MITSUBISHI CH GRP U/ADR (MTLHY)
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Source: Yahoo! Finance
An In-depth Study of the Lithium and Lithium Ion Battery Electrolytes Market with Focus on China Japan South Korea Germany , and the United States NEWARK, Del. June 27, 2024 /PRNewswire/ -- The lithium and lithium-ion battery electrolyte market value for 2024 is put forward to be USD 5,281.6 million . By 2034, the industry value is expected to nearly triple, reaching USD 16,628.9 million . The market is forecast to progress at a CAGR of over the next decade. The surge in lithium-ion battery sales is driven by growing sustainability concerns and supportive government policies. The automotive sector is experiencing a green revolution with increasing sales of electric vehicles (EVs), which in turn accelerates the demand for lithium-ion battery electrolytes. Governments worldwide are playing a crucial role in fostering this demand. With a strong commitment to reducing fuel emissions, many governments are promoting the adoption of lithium-ion batteries and electric vehicles. This fav
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