Global: Battery material startup 24M announced that it has developed a dual electrolyte structure that might unlock important positive aspects in battery efficiency for electrical automobiles. This continued will effort to enhance lithium-ion batteries triggers a sport of whack-a-mole, the place upping one attribute, like vitality density, can disrupt a distinct working attribute, like cycle life. The dual electrolyte may avoid that fate, by allowing different electrolytes on the cathode and anode sides of the battery. That frees the designer from having to make one electrolyte work for both sides, so 24M can optimize each material independently. In Long-term, this could enable the elusive lithium metal battery, which packs far more energy in each cell than batteries on the market currently. That design suffers from dendrite formation on the anode side, which limits a battery’s useful life. Now, 24M could choose an anolyte to minimize dendrite formation, while picking a catholyte to handle higher voltages. 24M would be able to drop its dual electrolyte design into its proprietary semi-solid electrolyte production lines. The technology won’t be limited to lithium metal, either. That chemistry promises the highest energy density, but designers could use dual electrolytes to customize batteries for other attributes, like charging speed.
According to BlueWeave Consulting, the demand for Li-ion batteries in the automobile industry coupled with rise in demand for electric vehicles will bolster the Lithium-ion batteries industry. High thermal and oxidation stability is one of the most important issues for the practical applications of lithium ion batteries. Lithium ion batteries with high charge and discharge rates are required for their application to hybrid and electric vehicles. The energy density of lithium-ion is typically twice that of the standard nickel-cadmium. Moreover, Lithium-ion batteries have better technical advantages over standard nickel- cadmium batteries such as rate of self-discharge is much lower than that of other rechargeable cells, not requirement and maintenance to ensure their performance, high energy density which helpful in emerging electronic equipment such as mobile phones needing to operate longer between charges while still consuming more power, there is always a need to batteries with a much higher energy density, Furthermore, unlike with lead acid batteries, lithium-ion batteries is considered practical to regularly use 90% or more of the rated capacity of a lithium battery bank and extended life cycle of lithium-ion batteries superior than lead acid batteries. Growing adoption of electric vehicles (EVs) coupled with government initiatives to promote sustainable energy use will drive the lithium-ion battery industry in forecast period.
According to BlueWeave Consulting‘s upcoming report, Titled-“Global Lithium-ion Battery Market, By Type (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate and Others), By Components (Cathode, Anode, Electrolytic Solution, Others) By Application (Consumer Electronics, Industrial and Automotive), By Region, Size and Forecast 2019- 2025”- Global Lithium-ion market is expected with grow with a significant rate in forecast period, 2019-2025 owing to increasing demand for plug-in vehicles, growing need for automation and battery-operated material-handling equipment in industries and growing demand for smart devices.
Moreover, increasing pollution concerns, rising adoption of electric vehicles, increasing income-levels and surging demand for quality and uninterrupted power are some of the key factors driving the growth of Global Lithium-ion batteries market. Further, rising usage of smartphones and other consumer electronics products is resulting in an increase in demand for higher energy density and faster-charging solutions.