Solid-state and Polymer Batteries Market

Global Solid-State and Polymer Batteries Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By Rechargeability Coverage, By Capacity Coverage, By Application Coverage, By Geographic Coverage and Leading Companies)

Published Date: Sep 2023 | Format: | No. of Pages: 340

Industry: Energy & Natural Resources


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Global Solid-state and Polymer Batteries Market Forecast

  • Global solid-state and polymer batteries market value to experience 35% CAGR over 2023-2030
  • Market revenue likely to reach US$1.5 Bn by the end of 2030

Market Analysis in Brief

Unlike the liquid or polymer electrolytes found in traditional lithium-ion or lithium polymer batteries, solid-state batteries employ solid electrodes and electrolytes. Due to its higher energy density, lower flammability, and superior electrochemical stability compared to traditional batteries, solid-state state batteries are becoming increasingly useful on the market. Compared to lithium-ion batteries with liquid bases, this battery is smaller and less expensive. In wearable technology, pacemakers, and radio-frequency identification (RFID), solid-state batteries are used.

Solid-state and Polymer Batteries Market

ProLogium, and Aichi Automobile (Japan) inked a contract in September 2020 to work together to improve the firm's MAB solid battery pack and module technology. The agreement also emphasizes the whole life cycle management system for sophisticated smart batteries created exclusively for the MAB battery pack. To promote and commercialise solid-state batteries, the firms are also working together on these batteries' production, technological, and financial aspects. Additionally, a few of the reasons driving the expansion of this market are the rising demand for solid-state batteries in electric cars and the increased R&D efforts of big corporations.

Key Report Findings

  • The market for solid-state and polymer batteries will demonstrate massive expansion in revenue through the end of this decade, i.e. by 2030.
  • A few of the reasons driving the expansion of this market are the rising demand for solid-state batteries in electric cars and the increased R&D efforts of big corporations.
  • Demand for single-cell batteries remains higher in the solid-state and polymer batteries market.
  • The primary battery category held the highest solid-state and polymer batteries market revenue share in 2022.
  • The between 20 mAh and 500 mAh category held the highest solid-state and polymer batteries market revenue share in 2022.
  • The electric vehicles category held the highest solid-state and polymer batteries market revenue share 2022.
  • Asia Pacific will continue to lead its way, whereas North America's solid-state and polymer batteries market will experience the strongest growth till 2030.

Growth Drivers

Longer Shelf-life Compared to Conventional Batteries

The lithium-ion batteries available today are insufficient. They also cost too much money, are too heavy, and take a long time to charge. On the other hand, the solid-state can last for a very long time, has a high energy density, and supports fast charging, all of which help reduce the price of EVs.

As a material for anodes, silicon is widely sought after since it possesses ten times the energy density of graphite. The silicon anodes expand and deteriorate quickly during battery charging and discharging, especially in Li-ion cells that use liquid electrolysis.

Solid-state batteries are said to be more durable, less expensive, and safer. Sodium-ion chemistries are particularly promising because sodium is cheap and plentiful in contrast to lithium, which must be mined at a great environmental cost. The objective is to produce batteries that can be employed in large-scale grid energy storage systems to store electricity produced by renewable energy sources to lower peak demand.

A solid-state potentially resolves many problems with the present Li-ion batteries. Using an alkali-metal anode, which is not achievable with a typical battery, increases the energy density of the c cathode, and the battery's lifespan is prolonged. It is believed that the solid-state electrolyte is either self-igniting or nonflammable.

A solid-state battery's non-combustible nature lowers the possibility of thermal runaway and enables more tightly packed cells. As a result, design flexibility and volumetric density are enhanced.

Pacing R&D Activity

Compared to lithium-ion batteries, Solid-state batteries have a higher energy density, a more durable design, greater stability, and safety. They have some drawbacks, such as high reactivity, low ionic conductivity, and higher cost, but their demand is growing quickly despite these issues. Different solid-state electrolytes are developed with different materials to get around these restrictions.

Despite being excellent for all-solid-state batteries, solid polymer and inorganic electrolytes have drawbacks like poor mechanical properties and low ionic conductivity, which have been resolved by the development of Composite Solid Electrolytes (CSEs), which contain active or passive inorganic fillers and polymer matrices.

Numerous companies, including Robert Bosch, Quantum Scape, Planar Energy Devices, and Toyota Motor are engaged in developing solid-state batteries. Such action by important players accelerates the use of solid-state batteries in various industries.

Growth Challenges

Intricate Manufacturing Procedures

Solid-state battery development techniques and manufacturing procedures are intricate. The highly precise deposition of materials during these batteries' construction requires appropriate manufacturing tools. Solid-state batteries are created by arranging electrodes in a specific order and separating them with solid electrolytes. These solid electrolytes must be impervious to water and able to stop dendrite development between electrodes.

Solid-state batteries are electrochemically useless because gaps between the electrolytes can lead to short circuits and short circuits. Additionally, solid electrolytes are critical because they allow ion flow; inadequate conductivity can result in long charge and discharge times and low power production.

As a result, solid-state battery producers must continually concentrate on research and development initiatives pertaining to these batteries in order to carefully examine the complexity of the production process for solid-state batteries.

Overview of Key Segments

Preference for 20 mAh-500 mAh Battery Capacity Substantial

The solid-state and polymer batteries market is dominated by between 20 mAh and 500 mAh because The goods mentioned above, as well as many others, are powered by this category of batteries. The market in the upcoming years is anticipated to be driven by this segment's broadening and diversified range of applications.

Wearables, miniature wireless sensors, and medical patches are just a few electronic goods that can be powered by 20 mAh-500 mAh solid-state batteries. Military applications such as base stations, military munitions, and small-scale production are driving the demand for 20-500 mAh batteries, driven by increased R&D and ongoing deployment.

An outstanding 300 mAh/g electrode material with 400 charge and discharge cycles was found in a 2022 solid-state EV battery research study. This electrode material can potentially significantly increase the electric output of EVs.

EVs Contribute the Lion’s Share

The electric vehicles category will dominate the solid-state and polymer batteries market over the forecast period. Automotive solid-state batteries are gaining popularity due to the growing potential and adoption of advanced electric vehicles that aim to reduce greenhouse gas emissions throughout the transportation sector.

Nissan, a Japanese automaker, recently announced its intention to enter the low-GHS automobile market with an all-solid-state battery-equipped electric vehicle with a doubled energy density, lower costs, and three charging speeds. This announcement was made in February 2023.

Electric vehicles' main issues are their price, safety, and range. The limitations of the traditional battery, which is made of liquid or gel-based electrolytes that overheat and explode, have forced manufacturers to work with them over the past few years.

A battery's size and weight are also increased by the need for multiple layers of packing for the liquid electrolyte. Many significant businesses are developing solid-state batteries to solve the market's present issues in anticipation of the explosive rise of electric vehicles in the upcoming years.

Solid electrolytes, as opposed to the more common liquid-based electrolytes, are used to construct solid-state batteries. This prevents overheating and the need for additional packaging, making the battery safe, light, and small. Additionally, the solid-state battery is reasonably priced and claims to increase power density, function well in hot environments, and last longer between charges.

Growth Opportunities Across Regions

Asia Pacific Spearheads

The solid-state and polymer batteries market will continue to witness prominence of Asia Pacific due to rising demand for solid-state batteries in key economies like China, and India; the Asia Pacific region is the leading region for the solid-state battery market by geography and has held the biggest market share. Due to the continued strategic deployment of electric vehicles throughout these nations and the rising demand for portable electronic devices, the regional market is anticipated to develop.

Due to rising industry participant investments and continued government measures to develop safe, dependable, and efficient battery technology. Beijing Weilan New Energy Technology Co., Ltd., a creator of all-solid-state batteries, received funding of roughly USD 10 billion from Xiomi, a consumer electronics company, and Huawei, an IT company, in November 2021 to launch its own EV manufacturing operation through 2024.

Europe Develops a Lucrative Market

The market for solid-state and polymer batteries across Europe will display a significant CAGR over the forecast period. Growing EU funding and encouraging government actions, including subsidies, tax breaks, and incentives, are anticipated to increase the region's manufacturing of electric vehicles.

Industry growth will be aided by increasing expenditures on environmentally friendly products, including electric bikes, cranes, and forklifts. Growing demand for solar energy systems and e-bikes in the UK, Germany, and the Netherlands will also spur industrial expansion.

Additionally, the ASTRABAT project of the European Union, which aims to hasten the development of solid-state battery cells for use in electric vehicles and other applications throughout Europe, is credited for the high market growth rate in that region.

Ilika announced the launch of its new large-format battery plant (Goliath Pre-Pilot Line, or GPPL) in Hampshire in September 2018 for the development and early manufacturing of the Solid-state Battery Market. Ilika built this new building to support the Goliath programme, which is the foundation for all its other industrial collaboration initiatives. Ilika's Goliath programme seeks to create a market for large-format solid-state batteries for electric cars.

Solid-state and Polymer Batteries Market: Competitive Landscape

Some of the leading players at the forefront in the solid-state and polymer batteries market space include Ionic Materials, SES, Toyota, Blue Solutions, Thinfilm, Solid Power, QuantumScape, and Hitachi Zosen.

Recent Notable Developments

In October 2021, to jointly build all-solid-state batteries, Solid Power, a market-leading manufacturer of solid-state batteries, teamed up with SK Innovation. SK Innovation pledges to invest US$30 Mn in Solid Power by subscribing to buy shares in the previously publicised PIPE transaction by DCRC.

In May 2021, by the end of 2021, QuantumScape and Volkswagen Group of America, Inc. will decide on the location of their joint venture's solid-state batteries pilot-line facility. The pilot-line facility, QS-1, will initially be a 1 GWh commercial production factory for battery cells used in electric vehicle batteries. The company plans to increase production capacity by 20 GWh in the same area.

The Global Solid-state and Polymer Batteries Market is Segmented as Below:

By Type

  • Single-Cell Battery
  • Multi-Cell Battery

By Rechargebility

  • Primary Battery
  • Secondary Battery

By Capacity

  • Below 20 mAh
  • Between 20 mAh and 500 mAh
  • Above 500 mAH

By Application

  • Consumer Electronics
  • Electric Vehicles
  • Energy Harvesting
  • Medical Devices
  • Packaging
  • Wireless Sensors
  • Miscellaneous

By Geographic Coverage

  • North America 
    • U.S. 
    • Canada 
  • Europe 
    • Germany
    • U.K.
    • France
    • Italy
    • Russia
    • Rest of Europe 
  • Asia Pacific 
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America 
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • Middle East & Africa  
    • GCC 
    • South Africa
    • Rest of Middle East & Africa

1. Executive Summary
    1.1. Global Solid-state and Polymer Batteries Market Snapshot
    1.2. Future Projections
    1.3. Key Market Trends
    1.4. Regional Snapshot, by Volume/Value, 2022
    1.5. Analyst Recommendations

 

2. Market Overview
    2.1. Market Definitions and Segmentations
    2.2. Market Dynamics
           2.2.1. Drivers
           2.2.2. Restraints
           2.2.3. Market Opportunities
    2.3. Value Chain Analysis
    2.4. Porter’s Five Forces Analysis
    2.5. Covid-19 Impact Analysis
           2.5.1. Supply
           2.5.2. Demand
    2.6. Impact of Ukraine-Russia Conflict
    2.7. Economic Overview
           2.7.1. World Economic Projections
    2.8. PESTLE Analysis

 

3. Price Trends Analysis and Future Projects, 2018 - 2030 (If Applicable)
    3.1. Key Highlights
    3.2. Prominent Factors Affecting Solid-state and Polymer Batteries Prices
    3.3. Global Average Price Analysis, by Region, US$ per Kg

 

4. Global Solid-state and Polymer Batteries Market Outlook, 2018 - 2030
    4.1. Global Solid-state and Polymer Batteries Market Outlook, by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           4.1.1. Key Highlights
                 4.1.1.1. Single-Cell Battery
                 4.1.1.2. Multi-Cell Battery
    4.2. Global Solid-state and Polymer Batteries Market Outlook, by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           4.2.1. Key Highlights
                 4.2.1.1. Primary Battery
                 4.2.1.2. Secondary Battery
    4.3. Global Solid-state and Polymer Batteries Market Outlook, by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           4.3.1. Key Highlights
                 4.3.1.1. Below 20 mAh
                 4.3.1.2. Between 20 mAh and 500 mAh
                 4.3.1.3. Above 500 mAH
    4.4. Global Solid-state and Polymer Batteries Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           4.4.1. Key Highlights
                 4.4.1.1. Consumer Electronics
                 4.4.1.2. Electric Vehicles
                 4.4.1.3. Energy Harvesting
                 4.4.1.4. Medical Devices
                 4.4.1.5. Packaging
                 4.4.1.6. Wireless Sensors
                 4.4.1.7. Others
    4.5. Global Solid-state and Polymer Batteries Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           4.5.1. Key Highlights
                 4.5.1.1. North America
                 4.5.1.2. Europe
                 4.5.1.3. Asia Pacific
                 4.5.1.4. Latin America
                 4.5.1.5. Middle East & Africa

 

5. North America Solid-state and Polymer Batteries Market Outlook, 2018 - 2030
    5.1. North America Solid-state and Polymer Batteries Market Outlook, by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           5.1.1. Key Highlights
                 5.1.1.1. Single-Cell Battery
                 5.1.1.2. Multi-Cell Battery
    5.2. North America Solid-state and Polymer Batteries Market Outlook, by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           5.2.1. Key Highlights
                 5.2.1.1. Primary Battery
                 5.2.1.2. Secondary Battery
    5.3. North America Solid-state and Polymer Batteries Market Outlook, by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           5.3.1. Key Highlights
                 5.3.1.1. Below 20 mAh
                 5.3.1.2. Between 20 mAh and 500 mAh
                 5.3.1.3. Above 500 mAH
    5.4. North America Solid-state and Polymer Batteries Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           5.4.1. Key Highlights
                 5.4.1.1. Consumer Electronics
                 5.4.1.2. Electric Vehicles
                 5.4.1.3. Energy Harvesting
                 5.4.1.4. Medical Devices
                 5.4.1.5. Packaging
                 5.4.1.6. Wireless Sensors
                 5.4.1.7. Others
           5.4.2. Market Attractiveness Analysis
    5.5. North America Solid-state and Polymer Batteries Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           5.5.1. Key Highlights
                 5.5.1.1. U.S. Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 5.5.1.2. U.S. Solid-state and Polymer Batteries Market Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 5.5.1.3. U.S. Solid-state and Polymer Batteries Market Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 5.5.1.4. U.S. Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 5.5.1.5. Canada Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 5.5.1.6. Canada Solid-state and Polymer Batteries Market Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 5.5.1.7. Canada Solid-state and Polymer Batteries Market Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 5.5.1.8. Canada Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           5.5.2. BPS Analysis/Market Attractiveness Analysis

 

6. Europe Solid-state and Polymer Batteries Market Outlook, 2018 - 2030
    6.1. Europe Solid-state and Polymer Batteries Market Outlook, by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           6.1.1. Key Highlights
                 6.1.1.1. Single-Cell Battery
                 6.1.1.2. Multi-Cell Battery
    6.2. Europe Solid-state and Polymer Batteries Market Outlook, by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           6.2.1. Key Highlights
                 6.2.1.1. Primary Battery
                 6.2.1.2. Secondary Battery
    6.3. Europe Solid-state and Polymer Batteries Market Outlook, by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           6.3.1. Key Highlights
                 6.3.1.1. Below 20 mAh
                 6.3.1.2. Between 20 mAh and 500 mAh
                 6.3.1.3. Above 500 mAH
    6.4. Europe Solid-state and Polymer Batteries Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           6.4.1. Key Highlights
                 6.4.1.1. Consumer Electronics
                 6.4.1.2. Electric Vehicles
                 6.4.1.3. Energy Harvesting
                 6.4.1.4. Medical Devices
                 6.4.1.5. Packaging
                 6.4.1.6. Wireless Sensors
                 6.4.1.7. Misc.
           6.4.2. BPS Analysis/Market Attractiveness Analysis
    6.5. Europe Solid-state and Polymer Batteries Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           6.5.1. Key Highlights
                 6.5.1.1. Germany Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.2. Germany Solid-state and Polymer Batteries Market Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.3. Germany Solid-state and Polymer Batteries Market Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.4. Germany Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.5. U.K. Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.6. U.K. Solid-state and Polymer Batteries Market Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.7. U.K. Solid-state and Polymer Batteries Market Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.8. U.K. Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.9. France Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.10. France Solid-state and Polymer Batteries Market Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.11. France Solid-state and Polymer Batteries Market Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.12. France Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.13. Italy Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.14. Italy Solid-state and Polymer Batteries Market Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.15. Italy Solid-state and Polymer Batteries Market Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.16. Italy Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.17. Russia Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.18. Russia Solid-state and Polymer Batteries Market Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.19. Russia Solid-state and Polymer Batteries Market Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.20. Russia Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.21. Rest of Europe Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.22. Rest of Europe Solid-state and Polymer Batteries Market Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.23. Rest of Europe Solid-state and Polymer Batteries Market Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.24. Rest of Europe Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           6.5.2. BPS Analysis/Market Attractiveness Analysis

 

7. Asia Pacific Solid-state and Polymer Batteries Market Outlook, 2018 - 2030
    7.1. Asia Pacific Solid-state and Polymer Batteries Market Outlook, by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           7.1.1. Key Highlights
                 7.1.1.1. Single-Cell Battery
                 7.1.1.2. Multi-Cell Battery
    7.2. Asia Pacific Solid-state and Polymer Batteries Market Outlook, by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           7.2.1. Key Highlights
                 7.2.1.1. Primary Battery
                 7.2.1.2. Secondary Battery
    7.3. Asia Pacific Solid-state and Polymer Batteries Market Outlook, by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           7.3.1. Key Highlights
                 7.3.1.1. Below 20 mAh
                 7.3.1.2. Between 20 mAh and 500 mAh
                 7.3.1.3. Above 500 mAH
    7.4. Asia Pacific Solid-state and Polymer Batteries Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           7.4.1. Key Highlights
                 7.4.1.1. Consumer Electronics
                 7.4.1.2. Electric Vehicles
                 7.4.1.3. Energy Harvesting
                 7.4.1.4. Medical Devices
                 7.4.1.5. Packaging
                 7.4.1.6. Wireless Sensors
                 7.4.1.7. Misc.
           7.4.2. BPS Analysis/Market Attractiveness Analysis
    7.5. Asia Pacific Solid-state and Polymer Batteries Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           7.5.1. Key Highlights
                 7.5.1.1. China Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.2. China Solid-state and Polymer Batteries Market Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.3. China Solid-state and Polymer Batteries Market Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.4. China Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.5. Japan Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.6. Japan Solid-state and Polymer Batteries Market by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.7. Japan Solid-state and Polymer Batteries Market by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.8. Japan Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.9. South Korea Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.10. South Korea Solid-state and Polymer Batteries Market by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.11. South Korea Solid-state and Polymer Batteries Market by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.12. South Korea Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.13. India Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.14. India Solid-state and Polymer Batteries Market by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.15. India Solid-state and Polymer Batteries Market by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.16. India Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.17. Southeast Asia Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.18. Southeast Asia Solid-state and Polymer Batteries Market by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.19. Southeast Asia Solid-state and Polymer Batteries Market by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.20. Southeast Asia Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.21. Rest of Asia Pacific Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.22. Rest of Asia Pacific Solid-state and Polymer Batteries Market by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.23. Rest of Asia Pacific Solid-state and Polymer Batteries Market by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.24. Rest of Asia Pacific Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           7.5.2. BPS Analysis/Market Attractiveness Analysis

 

8. Latin America Solid-state and Polymer Batteries Market Outlook, 2018 - 2030
    8.1. Latin America Solid-state and Polymer Batteries Market Outlook, by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           8.1.1. Key Highlights
                 8.1.1.1. Single-Cell Battery
                 8.1.1.2. Multi-Cell Battery
    8.2. Latin America Solid-state and Polymer Batteries Market Outlook, by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.2.1.1. Primary Battery
                 8.2.1.2. Secondary Battery
    8.3. Latin America Solid-state and Polymer Batteries Market Outlook, by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.3.1.1. Below 20 mAh
                 8.3.1.2. Between 20 mAh and 500 mAh
                 8.3.1.3. Above 500 mAH
    8.4. Latin America Solid-state and Polymer Batteries Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.4.1.1. Consumer Electronics
                 8.4.1.2. Electric Vehicles
                 8.4.1.3. Energy Harvesting
                 8.4.1.4. Medical Devices
                 8.4.1.5. Packaging
                 8.4.1.6. Wireless Sensors
                 8.4.1.7. Misc.
           8.4.2. BPS Analysis/Market Attractiveness Analysis
    8.5. Latin America Solid-state and Polymer Batteries Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           8.5.1. Key Highlights
                 8.5.1.1. Brazil Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.2. Brazil Solid-state and Polymer Batteries Market by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.3. Brazil Solid-state and Polymer Batteries Market by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.4. Brazil Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.5. Mexico Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.6. Mexico Solid-state and Polymer Batteries Market by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.7. Mexico Solid-state and Polymer Batteries Market by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.8. Mexico Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.9. Rest of Latin America Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.10. Rest of Latin America Solid-state and Polymer Batteries Market by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.11. Rest of Latin America Solid-state and Polymer Batteries Market by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.12. Rest of Latin America Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           8.5.2. BPS Analysis/Market Attractiveness Analysis

 

9. Middle East & Africa Solid-state and Polymer Batteries Market Outlook, 2018 - 2030
    9.1. Middle East & Africa Solid-state and Polymer Batteries Market Outlook, by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           9.1.1. Key Highlights
                 9.1.1.1. Single-Cell Battery
                 9.1.1.2. Multi-Cell Battery
    9.2. Middle East & Africa Solid-state and Polymer Batteries Market Outlook, by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           9.2.1. Key Highlights
                 9.2.1.1. Primary Battery
                 9.2.1.2. Secondary Battery
    9.3. Middle East & Africa Solid-state and Polymer Batteries Market Outlook, by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           9.3.1. Key Highlights
                 9.3.1.1. Below 20 mAh
                 9.3.1.2. Between 20 mAh and 500 mAh
                 9.3.1.3. Above 500 mAH
    9.4. Middle East & Africa Solid-state and Polymer Batteries Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           9.4.1. Key Highlights
                 9.4.1.1. Consumer Electronics
                 9.4.1.2. Electric Vehicles
                 9.4.1.3. Energy Harvesting
                 9.4.1.4. Medical Devices
                 9.4.1.5. Packaging
                 9.4.1.6. Wireless Sensors
                 9.4.1.7. Misc.
           9.4.2. BPS Analysis/Market Attractiveness Analysis
    9.5. Middle East & Africa Solid-state and Polymer Batteries Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           9.5.1. Key Highlights
                 9.5.1.1. GCC Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.2. GCC Solid-state and Polymer Batteries Market by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.3. GCC Solid-state and Polymer Batteries Market by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.4. GCC Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.5. South Africa Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.6. South Africa Solid-state and Polymer Batteries Market by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.7. South Africa Solid-state and Polymer Batteries Market by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.8. South Africa Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.9. Rest of Middle East & Africa Solid-state and Polymer Batteries Market by Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.10. Rest of Middle East & Africa Solid-state and Polymer Batteries Market by Rechargeability, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.11. Rest of Middle East & Africa Solid-state and Polymer Batteries Market by Capacity, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.12. Rest of Middle East & Africa Solid-state and Polymer Batteries Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
           9.5.2. BPS Analysis/Market Attractiveness Analysis

 

10. Competitive Landscape
    10.1. Product vs Capacity Heatmap
    10.2. Manufacturer vs Capacity Heatmap
    10.3. Company Market Share Analysis, 2022
    10.4. Competitive Dashboard
    10.5. Company Profiles
           10.5.1. Ionic Materials
                 10.5.1.1. Company Overview
                 10.5.1.2. Product Portfolio
                 10.5.1.3. Financial Overview
                 10.5.1.4. Business Strategies and Development
           10.5.2. Solid Power Inc
                 10.5.2.1. Company Overview
                 10.5.2.2. Product Portfolio
                 10.5.2.3. Financial Overview
                 10.5.2.4. Business Strategies and Development
           10.5.3. SES
                 10.5.3.1. Company Overview
                 10.5.3.2. Product Portfolio
                 10.5.3.3. Financial Overview
                 10.5.3.4. Business Strategies and Development
           10.5.4. Toyota
                 10.5.4.1. Company Overview
                 10.5.4.2. Product Portfolio
                 10.5.4.3. Financial Overview
                 10.5.4.4. Business Strategies and Development
           10.5.5. QuantumScape Corporation
                 10.5.5.1. Company Overview
                 10.5.5.2. Product Portfolio
                 10.5.5.3. Financial Overview
                 10.5.5.4. Business Strategies and Development
           10.5.6. Factorial Energy
                 10.5.6.1. Company Overview
                 10.5.6.2. Product Portfolio
                 10.5.6.3. Financial Overview
                 10.5.6.4. Business Strategies and Development
           10.5.7. Blue Solutions
                 10.5.7.1. Company Overview
                 10.5.7.2. Product Portfolio
                 10.5.7.3. Financial Overview
                 10.5.7.4. Business Strategies and Development
           10.5.8. Thinfilm
                 10.5.8.1. Company Overview
                 10.5.8.2. Product Portfolio
                 10.5.8.3. Financial Overview
                 10.5.8.4. Business Strategies and Development
           10.5.9. Hitachi Zosen
                 10.5.9.1. Company Overview
                 10.5.9.2. Product Portfolio
                 10.5.9.3. Financial Overview
                 10.5.9.4. Business Strategies and Development
           10.5.10. LionVolt
                 10.5.10.1. Company Overview
                 10.5.10.2. Product Portfolio
                 10.5.10.3. Financial Overview
                 10.5.10.4. Business Strategies and Development
           10.5.11. CATL
                 10.5.11.1. Company Overview
                 10.5.11.2. Product Portfolio
                 10.5.11.3. Financial Overview
                 10.5.11.4. Business Strategies and Development
           10.5.12. Samsung SDI
                 10.5.12.1. Company Overview
                 10.5.12.2. Product Portfolio
                 10.5.12.3. Financial Overview
                 10.5.12.4. Business Strategies and Development
           10.5.13. Beijing WeLion New Energy Technology
                 10.5.13.1. Company Overview
                 10.5.13.2. Product Portfolio
                 10.5.13.3. Financial Overview
                 10.5.13.4. Business Strategies and Development

 

11. Appendix
    11.1. Research Methodology
    11.2. Report Assumptions
    11.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2022

 

2018 - 2022

2023 - 2030

Value: US$ Million

 

REPORT FEATURES

DETAILS

Type Coverage

  • Single-Cell Battery
  • Multi-Cell Battery

Rechargeability Coverage

  • Primary Battery
  • Secondary Battery

Capacity Coverage

  • Below 20 mAh
  • Between 20 mAh and 500 mAh
  • Above 500 mAH

Application Coverage

  • Consumer Electronics
  • Electric Vehicles
  • Energy Harvesting
  • Medical Devices
  • Packaging
  • Wireless Sensors
  • Miscellaneous

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of EU
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • Middles East & Africa
    • GCC Countries 
    • South Africa 
    • Rest of Middle East & Africa

Leading Companies

  • Ionic Materials
  • SES
  • Toyota
  • Blue Solutions
  • Thinfilm
  • Solid Power
  • QuantumScape
  • Hitachi Zosen
  • LionVolt
  • Factorial Energy
  • CATL
  • Beijing WeLion New Energy Technology
  • Samsung SDI

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2021), Market Estimates and Forecast, Market Dynamics, Industry Trends,Competition Landscape,Category,Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Solid-state and Polymer Batteries Market

Solid-state and polymer batteries are advanced energy storage technologies that differ from traditional lithium-ion batteries primarily in their electrolyte composition. While lithium-ion batteries use liquid electrolytes, solid-state batteries use solid electrolytes. Polymer batteries are a subset of solid-state batteries where the solid electrolyte is a polymer material. These technologies offer advantages like higher energy density, improved safety, and longer lifespan compared to traditional lithium-ion batteries.

The market is rapidly evolving due to technological advancements, increasing investments, and growing demand for EVs, and portable electronic devices. The report has projected 35% growth in market revenue between 2023 and 2030, with market reaching an estimated value of US$1.5 billion by 2030-end.

The demand for solid-state and polymer batteries is primarily driven by EV industry as these batteries offer higher energy density and safety, making them suitable for EVs. Additionally, they find applications in consumer electronics, renewable energy storage, aerospace, and medical devices due to their improved performance and safety features.

Based on the type of battery, the demand for single-cell batteries remains higher. By rechargeability, the primary battery category held the largest revenue share in 2022. Analysis based on the battery capacity, the segment ‘between 20 mAh and 500 mAh’ will be dominant. On the other hand, application-wise, the electric vehicles category accounts for the largest share of the solid-state and polymer batteries market revenue.

Besides SES, and Toyota, this market is steered by the other prominent names such as Ionic Materials, Blue Solutions, Solid Power, QuantumScape, Hitachi Zosen, and Thinfilm.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
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