For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Lithium Sulfide market:
According to our latest research, the global Lithium Sulfide market looks promising in the next 5 years. As of 2022, the global Lithium Sulfide market was estimated at USD 43.72 million, and it's anticipated to reach USD 1047.2 million in 2028, with a CAGR of 69.78% during the forecast years.
Lithium sulfide, molecular formula: Li2S, is a sulfide of lithium, molecular weight: 45.95. Lithium sulfide is a product specially designed for the use in high performance batteries which can be either applied as electrode material or as precursor for solid electrolytes. It as an electrode material not only has high capacity but also overcomes many problems caused by pure sulfur electrodes.
Lithium Sulfide Market Forecast Under COVID-19
The production of COVID-19 enterprises is in trouble, facing threats from supply chain interruption, rising costs and many other aspects. However, as an electrolyte and electrode material, the development of the terminal market of lithium sulfide has brought it opportunities, such as consumer batteries. In 2020, the demand for consumer batteries will increase in COVID-19, but the demand will remain stable in the long run. In recent years, the mobile phone market tends to be saturated. In 2020, the global smartphone shipments declined, but the overall situation remained stable.
5G leads the tide of machine change, and new scenes foster new markets. Under the situation that the consumer battery market tends to be saturated and stagnant, with the landing of 5G commercial and the rise of Internet of Things devices, the high-end digital battery field represented by flexible batteries, high-rate digital batteries and high-end digital soft-package batteries is driven by wearable devices, drones, high-end smart phones and other market segments, and will become a high-growth market segment in the consumer electronic battery market. On the whole, the traditional business of consumer electronic batteries is relatively stable, and the emerging application market continues to be active. With the continuous enrichment of battery application scenarios, the emerging consumer battery market may show a booming trend.
The continuous growth of the electric vehicle industry
The continued growth of electric vehicle sales is influenced by a number of factors: fuel economy and market-set emissions targets, urban traffic restrictions, and government financial incentives. For example, the government has offered cash subsidies to consumers who buy low-emission cars, reduced taxes on electric vehicles and increased or maintained taxes on internal-combustion vehicles.
Specifically, in Europe, driven by factors such as the gradual tightening of carbon emission policies and the continued subsidy policy, the sales and penetration rate of new energy vehicles in Europe have maintained an upward trend. In the United States, benefiting from a series of incentive policies such as the "Clean Energy Proposal" issued after the Biden administration came to power, the production, sales and penetration rate of new energy vehicles in the United States began to accelerate. In China, due to the continuous introduction of major new energy models by major auto companies and the rapid increase in the acceptance of new energy vehicles, new energy vehicles have gradually shifted from policy subsidy-driven to market-driven, and production, sales and penetration rates have maintained a rapid increase. Looking forward to the future, with the continuous improvement of the cruising range of new energy vehicles, the rapid improvement of infrastructure such as charging piles and charging stations, the continuous advancement of the carbon neutrality process in various countries, and the gradual withdrawal of major car companies from the production and development of fuel vehicles. Under the combined effect of many factors, the global sales of new energy vehicles will maintain a rapid growth trend.
Disadvantages of lithium sulfide in the preparation of batteries
Lithium-sulfur batteries are a type of lithium batteries, which is a type of lithium battery with sulfur as the positive electrode of the battery and metal lithium as the negative electrode. Elemental sulfur is extremely rich in reserves on the earth, with the characteristics of affordable price and green environmental protection. However, lithium sulfide still has the following disadvantages and its development is limited:
The conductivity of elemental sulfur and its discharge end product lithium sulfide is very poor, resulting in low utilization rate of active substances and poor kinetic performance, which seriously affects the high rate performance of the battery.
The lithium polysulfide that occurs during the battery charging operation has relatively large final solubility in the ether electrolyte, which will be transferred to the surface layer of the negative electrode and self-discharge reaction will occur again, resulting in low coulomb efficiency.
Lithium sulfide can react with the anode of lithium metal to form lithium sulfide and be deposited in its surface layer, resulting in the loss of active substances and the deterioration of the performance of the negative electrode; Unable to react to sulfur or high-order polysulfides that cannot be reversed during charging, the capacitance is lost like never before.
The volume change of sulfur during battery charging operation is relatively large, which can damage the structural characteristics of the positive electrode and stable performance.
Region Overview:
Geographically, China held the largest market share - 31.84% in 2022.
Company Overview:
Albemarle is one of the major players operating in the Lithium Sulfide market, holding a share of 36.72% in 2023.
Albemarle
Albemarle, headquartered in Charlotte, NC, is a specialty chemicals company with positions in lithium, bromine and refining catalysts. It power the potential of companies in many of the large and critical industries, from energy and communications to transportation and electronics.
Hangzhou Kaiyada Semiconductor Materials Co., Ltd.
Kaiyada has been focusing on the research and development, production and sales of new semiconductor materials such as high purity elements and high purity compounds. Based on the realization of the "high purity tellurium - tellurium compounds" industry chain, kaiada continuously develops and markets the cutting-edge materials needed.
Segmentation Overview:
As for product types, the 99.9% segment held the largest market share in 2022.
Application Overview:
By application, the Electrolyte Material segment occupied the biggest share from 2018 to 2022.
Electrolyte Material
Compared with oxide and polymer electrolyte, lithium sulfide electrolyte has higher ionic conductivity and is an ideal electrolyte material for solid-state batteries.
Electrode Material
Sulfur is used as the positive electrode of the battery and lithium is used as the negative electrode. Sulfur is abundant in the earth, and has the characteristics of low price and environmental friendliness. Using sulfur as cathode material, its theoretical specific capacity and theoretical specific energy of battery are higher.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Lithium Sulfide market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Lithium Sulfide Market Report:
Market Size Estimates: Lithium Sulfide market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Lithium Sulfide market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Lithium Sulfide market
Segment Market Analysis: Lithium Sulfide market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Lithium Sulfide market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Lithium Sulfide Market: Revenue and sales volume of major countries in each region
Lithium Sulfide Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Lithium Sulfide market in major regions.
Lithium Sulfide Industry Value Chain: Lithium Sulfide market raw materials & suppliers, manufacturing process, distributors, downstream customers
Lithium Sulfide Industry News, Policies & Regulations
Key players in the global Lithium Sulfide market are covered in Chapter 12:
Stanford Advanced Materials (SAM)
Albemarle
Chengdu CNBM Optoelectronic Materials Co., Ltd.
Ganfeng Lithium Co
Materion
Lorad Chemical Corporation
Hefei Kejing Material Technology Co., Ltd.
Hangzhou Kaiyada Semiconductor Materials Co., Ltd.
American Elements
In Chapter 2 and Chapter 15.1, based on types, the Lithium Sulfide market from 2018 to 2028 is primarily split into:
99.9%
99.99%
Others
In Chapter 3 and Chapter 15.2, based on applications, the Lithium Sulfide market from 2018 to 2028 covers:
Electrolyte Material
Electrode Material
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Lithium Sulfide market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028