Lithium hexafluorophosphate (LiPF6) is a salt used in lithium-ion batteries. It is a white powder that is highly hygroscopic and dissolves easily in water. The major global producers of LiPF6 are Solvay, Mitsubishi Chemical, and Ube Industries. LiPF6 is used as an electrolyte in lithium-ion batteries and is considered critical for many applications, such as electric vehicles, consumer electronics, and energy storage. The global market for LiPF6 is expected to grow significantly in the next few years due to the increasing demand for electric vehicles and consumer electronics.
The global Lithium Hexafluorophosphate market was valued at US$ 3070.1 million in 2022 and is anticipated to reach US$ 7247.8 million by 2029, witnessing a CAGR of 12.9% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Lithium Hexafluorophosphate Market available at: https://www.themarketreports.com/report/global-lithium-hexafluorophosphate-market-research-report
This report aims to provide a comprehensive presentation of the global market for Lithium Hexafluorophosphate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lithium Hexafluorophosphate.
The key players are Morita ChemicalCo.,Ltd, STELLA CHEMIFA, Kanto Denka Kogyo Co Ltd, Central Glass Co., Ltd., foosung co.,Ltd, Do-Fluoride Chemicals Co.,LTD, jiangsu jiujiujiu technology co.,Led, Tianjin Chemical Research&design institute, tianjin jinniu Power sources material co.,ltd, Guangzhou Tinci Materials Technology Co., Ltd., Hubei HongCNY Pharmaceutical technology Co.,Ltd., Shantou JinGuang High-Tech Co. Ltd, jiangsu xintai material technology co., led, Kailan etc. Top 3 companies occupied about 45% market share.
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