LiPF6 Market (Status and Outlook) 2023 | Global Growth and Segments Analysis

Kashinathkhalane
8 min readSep 20, 2023

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“LiPF6 Market 2023 Breakdown, Data Source, Secondary Sources, Primary Sources, Research Report delivers leading competitors strategic analysis, with micro and macro-economic factors, market trends, future growth scenarios, with pricing analysis. This report provides a holistic overview on Market Current Situations, Key Collaborations, Merger & Acquisitions along with Trending Innovations and New Business Development Policies. A detailed professional report focusing on primary and secondary growth drivers, regional segments, growth share, and geographical analysis of top key players. LiPF6 market trend analysis with historical data, estimates to 2023 and Compound Annual Growth Rate (CAGR) forecast to 2031.

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Top Key Players Covered in this LiPF6 Market Report 2023–2031:

  • Do-Fluoride Chemicals
  • Stella Chemifa
  • Jiangsu Jiujiujiu
  • Kanto Denka
  • Foosung
  • Tianjin Jinniu
  • Hubei Hongyuan
  • Shida Shenghua
  • Guangzhou Tinci Materials
  • Morita Chemical
  • Yongtai tech
  • Jiangsu Xintai
  • Honeywell

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Short Description of the LiPF6 Market 2023–2031:

Market Overview of Global LiPF6 market:
The latest research study on the global LiPF6 market finds that the global LiPF6 market reached a value of USD 4270.63 million in 2022. It’s expected that the market will achieve USD 8501.97 million by 2028, exhibiting a CAGR of 12.16% during the forecast period.

LiPF6 (Lithium hexafluorophosphate) is an inorganic compound with the formula LiPF6. It is a white crystalline powder. LiPF6 is manufactured by reacting phosphorus pentachloride with hydrogen fluoride and lithium fluoride.
LiPF6 is a kind of lithium-ion battery electrolyte and an important component of lithium-ion battery electrolyte. Its main function is to ensure that the battery has sufficient lithium ions to realize the charge-discharge cycle during the charging and discharging process. Because its solubility, electrochemical stability, electrical conductivity, high and low temperature performance, cycle life and other performance indicators are relatively balanced, it has been widely used in commercial applications.

Strength
LiPF6 is the most important component of the electrolyte cost, accounting for about 43% of the total electrolyte cost. LiPF6 is the most widely used electrolyte lithium salt due to its good ion conductivity, excellent oxidation stability and low environmental pollution. The production technology threshold of LiPF6 is relatively high, especially the production of high-purity crystal LiPF6. It can be said that as a cutting-edge material in the lithium battery industry, LiPF6 is worthy of the name of the soul of the electrolyte.

Threat
As a substitute for lithium hexafluorophosphate, the new lithium salt LiFSI is recognized by downstream customers and the volume is fast. The leading lithium salt companies are expected to seize more market share by virtue of technological leapfrogging and low cost advantages.
At the same time, power lithium batteries have comprehensive requirements for long life, low cost, and high performance. Especially in the pursuit of high cruising range, the proportion of ternary applications has increased. Compared with the large-scale use of lithium iron phosphate batteries in 2015~2016, downstream customers Suppliers of lithium hexafluorophosphate and electrolyte put forward more stringent product requirements. For example, head companies such as Tianci, Xinzhoubang, and Duofluoride have obvious advantages.

Region Overview:
In 2021, the share of the LiPF6 market in Asia stood at 81.1%.

Company Overview:
Guangzhou Tinci Materials
Guangzhou Tinci Materials Technology Company Limited develops, manufactures and sales fine chemicals and new materials. The Company’s main products include personal care materials, lithium-ion battery materials, and organic silicon rubber materials.

Do-Fluoride Chemicals
Do-Fluoride New Materials Co., Ltd. (Hereinafter called “DFD”) was established in December 1999. DFD is a new high-tech enterprise whose business scope mainly includes research and development, production and sale of the high-performance Inorganic fluoride salts, electronic grade chemicals, lithium ion battery materials, new energy automobiles. Besides, it is the first listed company in the inorganic fluoride chemical industry in China.

Segmentation Overview:
By type, HF Gas Solvent Process segment accounted for the largest share of market in 2021.

HF Gas Solvent Process
The HF gas solvent method is currently the most widely used method for preparing LiPF6. The HF gas solvent method is to dissolve lithium halide in anhydrous hydrogen fluoride, and then pass high-purity PF5 gas to react to generate potassium hexafluorophosphate crystals, which are separated and dried to obtain LiPF6 products.

Organic Solvent Process
The preparation process of the organic solvent method is similar to that of the HF gas solvent method. The difference in preparation is that the purity of the product prepared by the organic solvent is only 90%-95%, the product is easy to adsorb the organic solvent, and further removal is difficult and it is difficult to produce solid LiPF6.

Application Overview:
The market’s largest segment by application is the segment Non-power Batteries, with a market share of 50.97% in 2021.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global LiPF6 market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Global and Regional Analysis:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Market Segmentation

LiPF6 Market report provides an exhaustive 360-degree analysis, by utilizing both primary and secondary research techniques. The research gained comprehensive insights into current market dynamics, pricing trends, developments, supply-demand and evolving consumer behaviors.

On the basis of product type, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:

  • HF Gas Solvent Process
  • Organic Solvent Process

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:

  • Power Batteries
  • Non-power Batteries

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Our method for estimating market size is holistic and multifaceted. We assess vital industry trends, regulatory landscapes, and segment-specific dynamics, evaluating their potential influence on demand projections. Key macroeconomic factors, including price fluctuations, demographic shifts, and changes in demand patterns, are integrated into our calculations. To discover market value, we not only delve deep into the profiles of prominent players and their global market shares but also rely on our frequently updated internal database, enriched with insights and announcements from pivotal market stakeholders.

Key Profits for Industry Members and Stakeholders:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period.
  • Which regulatory trends at corporate-level, business-level, and functional-level strategies.
  • Which are the End-User technologies being used to capture new revenue streams in the near future.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • One can increase a thorough grasp of market dynamics by looking at prices as well as the actions of producers and users.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.

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Detailed TOC of Global LiPF6 Market Research Report, 2023–2031

1 LiPF6 Market Overview
1.1 Product Overview
1.2 Market Segmentation
1.2.1 Market by Types
1.2.2 Market by Applications
1.2.3 Market by Regions
1.3 Global LiPF6 Market Size (2018–2031)
1.3.1 Global LiPF6 Revenue (USD) and Growth Rate (2018–2031)
1.3.2 Global LiPF6 Sales Volume and Growth Rate (2018–2031)
1.4 Research Method and Logic
1.4.1 Research Method
1.4.2 Research Data Source

2 Global LiPF6 Market Historic Revenue (USD) and Sales Volume Segment by Type
2.1 Global LiPF6 Historic Revenue (USD) by Type (2018–2023)
2.2 Global LiPF6 Historic Sales Volume by Type (2018–2023)

3 Global LiPF6 Historic Revenue (USD) and Sales Volume by Application (2018–2023)
3.1 Global LiPF6 Historic Revenue (USD) by Application (2018–2023)
3.2 Global LiPF6 Historic Sales Volume by Application (2018–2023)

4 Market Dynamic and Trends
4.1 Industry Development Trends under Global Inflation
4.2 Impact of Russia and Ukraine War
4.3 Driving Factors for LiPF6 Market
4.4 Factors Challenging the Market
4.5 Opportunities
4.6 Risk Analysis
4.7 Industry News and Policies by Regions
4.7.1 LiPF6 Industry News
4.7.2 LiPF6 Industry Policies

5 Global LiPF6 Market Revenue (USD) and Sales Volume by Major Regions
5.1 Global LiPF6 Sales Volume by Region (2018–2023)
5.2 Global LiPF6 Market Revenue (USD) by Region (2018–2023)

6 Global LiPF6 Import Volume and Export Volume by Major Regions
6.1 Global LiPF6 Import Volume by Region (2018–2023)
6.2 Global LiPF6 Export Volume by Region (2018–2023)

7 North America LiPF6 Market Current Status (2018–2023)
7.1 Overall Market Size Analysis (2018–2023)
7.1.1 North America LiPF6 Revenue (USD) and Growth Rate (2018–2023)
7.1.2 North America LiPF6 Sales Volume and Growth Rate (2018–2023)
7.2 North America LiPF6 Market Trends Analysis Under Global Inflation
7.3 North America LiPF6 Sales Volume and Revenue (USD) by Country (2018–2023)
7.4 United States
7.5 Canada

And more…………

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