Lithium batteries will develop rapidly in three to five years

International consulting company Frost & Sullivan recently released a research report that the electric vehicle battery module market will grow rapidly in the near future, and lithium-ion battery technology for hybrid vehicles and electric vehicles will be popular.

Frost & Sullivan predicts that the market for electric vehicle batteries will grow rapidly with the decrease in the price of lithium-ion batteries and the development of the basic industry from 2013 to 2015.

At present, lithium-ion batteries use copper as the anode and aluminum as the cathode; the electrolyte is a typical lithium salt; and the separation layer is mainly a polypropylene material.

Frost & Sullivan estimates that from 2008 to 2016, the compound annual growth rate of electric vehicle battery material market will reach 125%, the production of lithium battery anode material will increase at an annual rate of 134%, and the output of lithium battery separator will be 129% per year. The speed of growth, lithium battery electrolyte and additive production will increase at an annual rate of 136%.

The safety of the battery system is a key factor for whether or not the public accepts electric cars. This is because the heat generated by the car can easily cause a chemical reaction inside the battery and cause an explosion. Therefore, the thermal management system of insulation materials and electric vehicles is the key to the promotion of electric vehicles. Due to its high energy density, lithium-ion batteries are expected to replace nickel-metal hydride batteries in hybrid and electric vehicles in the future.

In the coming years, the development of the electric car battery industry will be affected by several factors: the development of industrial infrastructure, the globalization of products, the security of products, the balance of performance and cost, and the cooperation with suppliers and end-users. Wait. In addition, with the development of technology, the battery charging time will be significantly shortened, the charging distance will be longer and the battery energy will be greater.

The report shows that in 2009, there were about 50 manufacturers of electric vehicle battery chemical materials in the world, mainly in Europe and the United States. These companies mainly provide products for battery manufacturers, battery assemblers and automotive OEMs. Currently, the value chain of the electric vehicle battery market consists of chemical material suppliers, battery manufacturers, battery assemblers, and automotive OEMs. The vertical integration of the value chain will become one of the future trends of this industry.

From a global perspective, currently Asia (mainly Japan, South Korea, and China) is the main market for battery chemical materials, and its market share accounts for more than 80% of the world's total. At the same time, the European and American markets are also rapidly developing and will become important markets for battery chemical materials in the future. The volatility of oil prices, changes in energy demand in the process of urbanization, government incentives for new energy, and the development of battery technology will all promote the development of the electric vehicle battery chemical material market.