Solid Electrolyte Market Size, Share, and Industry Analysis, By Technology (Ceramic and Solid Polymer), By Application (Thin-Film Battery and Electric Vehicle Battery), and Regional Forecast, 2025-2032

Solid electrolytes are materials that conduct ion-charged particles but not electrons, enabling them to function as insulators for electronic currents while facilitating ionic conduction. These materials are central to the design of solid-state batteries and other energy storage devices, offering a safer and actually more efficient alternative to liquid electrolytes used in traditional batteries. Solid electrolytes potentially offer higher safety, paired with higher power and energy densities, compared to commercial lithium-ion batteries based on liquid electrolytes.

• Researchers from the University of Waterloo in Canada and members of the Joint Center for Energy Storage Research (JCESR), based at the Argonne National Laboratory of the U.S., have discovered a new solid electrolyte with several significant advantages. This electrolyte, composed of lithium, scandium, indium, and chlorine, conducts lithium ions well but electrons poorly. This combination is necessary to create a substantial battery that can work for more than a hundred cycles at high voltage (above 4 volts) and thousands of cycles at medium voltage without significant loss of capacity.

The global solid electrolytes market was negatively affected by the COVID-19 pandemic due to the significant change in the supply chain & and the downfall of the market economy in several countries. The complete lockdown had made it difficult for production and manufacturing industries, and transportation was stopped to handle the situation.

IMPORTANT INSIGHTS

The report includes the following key findings:

• Recent Advancements in the Solid Electrolyte Market

• Key Industry Trends

• The Regulatory Landscape for the Solid Electrolyte Market

• Impact of COVID-19 on the Solid Electrolyte Market

SEGMENTATION

ANALYSIS BY TECHNOLOGY

Based on the technology, the market is segmented into ceramic and solid polymer. The solid polymer segment is expected to hold the majority of the market share during the forecast period as polymer-based solid electrolytes have the advantage of low flammability, good flexibility, excellent heat resistance, and high safety. Many researchers have focused on creating high-performance solid polymer-based lithium-ion batteries. The development of solid electrolytes, also known as ionically conductive ceramics, has been intensively studied due to serious safety concerns with liquid electrolytes, such as electrolyte leakage and evaporation.

ANALYSIS BY APPLICATION

Based on application, the solid electrolyte market is segmented into thin-film battery and electric vehicle battery. The electric vehicle battery segment is expected to boost the market growth with the foremost market share. Solid-state batteries are one of the most important solutions for the future generation of batteries, as their high thermal stability makes them significantly safer and more durable than traditional electric vehicles. The changing government regulation and focus on technology and the development of batteries are positively impacting the market. Solid electrolytes have much better heat resistance and can store more than half of the energy than lithium-ion batteries. In addition, lithium-ion batteries are significantly dependent on nickel and cobalt, which are in limited supply and rising in price.

REGIONAL ANALYSIS

The global solid electrolyte market is segmented into regions, such as North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa.

North America is expected to become the fastest-growing region for the solid electrolytes market over the forecast period. The battery market in the U.S. is growing and gaining traction for the solid electrolyte market. Economically, the battery industry provides USD 26.3 billion in revenue to the nation's economy, impacting suppliers, worker spending, transportation, and distribution sectors.

Asia Pacific is anticipated to upsurge its market share during the projected period as Asia Pacific is the leading supplier of electric cars in the world, with 95% of electric vehicles on the world's roads, which plays a vital role in curbing climate change. The right policies can lead to sustainable production of batteries for these vehicles. In China, demand for vehicle batteries increased by further than 70%, while sales of electric cars increased by 80% in 2022 compared to 2021. The increase in the share of PHEV vehicles slightly slowed the growth of battery demand.

Europe is expected to grow during the forecast period as ongoing projects on batteries are positively impacting the solid electrolyte market. The European HELENA project, funded by the EU program Horizon Europe, has taken an essential first step in the development of solid-state batteries. With the coordination of CIC energiGUNE and the participation of 15 European companies and institutions, the halide electrolyte cell was successfully built after 20 months of research.

Latin America and the Middle East & Africa are expected to grow the market during the forecast period as the increasing demand for the battery market is eventually impacting the solid electrolyte market. An increase in renewable energy generation and uptake of adapting the use of electric vehicles is dominating the solid electrolyte market.

KEY PLAYERS COVERED

Key players in the global solid electrolyte market are NEI Corporation, Ohara Inc., Empower Materials, Ampcera Corp, Ionic Materials Inc., Brightvolt, Inc., Solid Power, and Tycorun.

KEY INDUSTRY DEVELOPMENTS

• In August 2023, SK, a leading manufacturer of electric vehicle (EV) batteries, announced that it had successfully developed a new oxide-based solid electrolyte with state-of-the-art lithium-ion conductivity. Lithium-ion conductivity refers to the speed at which lithium ions move. Higher speed means better battery performance and faster charging time. SK hopes the latest development will increase its competitiveness in solid-state batteries.


• In July 2022, Ganfeng Lithium, the world's largest lithium producer by market value, began construction on a new solid-state battery factory, said to be China's most significant. The Ganfeng project in Chongqing's Liangjiang New Area in southwest China started construction on July 30 and has a battery capacity of 10 GWh and a battery capacity of 10 GWh after completion.