Hybrid Electrolyte Market Outlook 2031
- The global hybrid electrolyte market was valued at US$ 22.5 Mn in 2021
- It is estimated to rise at a CAGR of 11.4% from 2022 to 2031
- The global hybrid electrolyte market is expected to reach US$ 65.5 Mn by the end of 2031
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Analysts’ Viewpoint on Hybrid Electrolyte Market Scenario
Lithium-metal batteries exhibit enhanced energy-storage capabilities due to the high specific capacity of metallic lithium, while hybrid electrolyte plays an important role in enhancing the capabilities of lithium-metal batteries. Ionic-liquid-tethered nanoparticle hybrid electrolytes consisting of silica nanoparticles densely grafted with imidazolium-based ionic liquid chains can retard lithium dendrite growth in rechargeable batteries with metallic lithium anodes. The market is estimated to grow significantly during the forecast period primarily due to extensive application of hybrid electrolyte in Li-ion batteries, Lithium-metal batteries, and sodium-ion batteries. Companies operating in the global hybrid electrolyte market are focused on enhancement of their manufacturing capacities, as hybrid electrolytes are expected to exhibit higher ionic conductivities as compared to composite electrolytes with similarly shaped inert fillers. Apart from increasing their capacities, hybrid electrolyte manufacturers and suppliers are also expected to focus on research and development to enhance the quality and properties of hybrid electrolyte owing to a rise in its demand in the automotive industry.
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Global Hybrid Electrolyte Market Introduction
Electrolyte chemistry is critical for any energy‐storage device. Low‐cost and sustainable rechargeable batteries based on organic redox‐active materials are gaining traction to tackle resource and performance limitations of current batteries with metal‐based active materials. Organic active materials can be used not only as solid electrodes in the classic lithium‐ion battery (LIB) setup, but also as redox fluids in redox‐flow batteries (RFBs). Accordingly, they are suitable for mobile and stationary applications, respectively.
New strategies are being adopted toward the rational design of superior hybrid electrolyte formulations for both solid-state electrolyte battery and polymer electrolyte battery, thus enabling optimized battery performance. Moreover, these formulation are highly important to speed up the utilization of organic materials. The selection of suitable hybrid electrolytes is essential for the safety, dissolution, and chemical stability of the charge‐carrier ions; the associated transport within the electrolyte; the ionic conductivity and electrochemical stability of both solvent and ions, the operating temperature range, etc.
Use of Hybrid Electrolyte to Make Lithium-metal Batteries Safer and More Durable
A team led by Lynden Archer at Cornell University, New York, has developed a novel, hybrid nanoparticle-ionic liquid electrolyte with the goal of creating safer, more reliable batteries.
Batteries containing lithium metal as the ion source can store the highest known density of energy, but the most commonly used electrolytes (the ion-conducting medium within the battery) do not work well in these solid state batteries, as they are unstable in typical operating conditions and may break down disastrously. Conventional liquid electrolytes inherit serious safety hazards, including leakage, ignition, and even explosion upon overheating.
Polymer electrolyte batteries, generally, offer low conductivity at room temperature; however, ionic liquids are salts in a liquid state and thus have good conductivity and stability under the battery operating conditions. They are, however, unable to prevent the formation of lithium networks called dendrites, which degrade battery performance.
Emerging trends of the hybrid electrolyte market have tackled this issue, and has led to the development of hybrid electrolyte made of hard zirconium oxide nanostructures linked to softer ionic liquid species. Hybrid electrolytes, which are a gel-like fluid at room temperature, are temperature- and redox-stable, which makes them suitable for use in batteries. They join the components of a battery with ionic bonds making explosion-proof safe batteries. They also transport lithium ions well, which prevents the growth of dendrites. Therefore, the demand for hybrid electrolyte is expected to increase owing to its extraordinary properties.
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Rise in Demand for Solar Cells to Propel Hybrid Electrolyte Market
Organic solar cells (OSCs) have made significant progress in the last two decades with power conversion efficiencies (PCEs) of over 18%, indicating their potential application in large-area devices with characteristics such as flexibility, light weight, and semitransparency. Innovation of key materials, including photoactive layers and anode/cathode interlayers (CILs), plays a significant role in the development of OSCs.
Photoactive layers are responsible for harvesting of sunlight and conversion of photons into free charges (hole/electron), while anode/cathode interlayers are located between photoactive layers and electrodes in order to construct the channels for hole/electron transport.
Organic cathode interlayers often suffer from low conductivity and therefore, thin organic CILs (usually lower than 10 nm) are required in OSCs. Apparently, inorganic and organic CILs exhibit complementary merits so that the combination of them into one material is likely to exhibit great advantage in CILs for OSCs; however, this kind of design has been rarely reported. Therefore, hybrid electrolytes have been developed to overcome this challenge.
The new hybrid electrolyte exhibits excellent solubility, good conductivity, and amorphous state in thin film, enabling its successful application as a cathode interlayer in organic solar cells with a high power conversion efficiency of 17.19 %. Therefore, increase in demand for organic solar cells is expected to drive the hybrid electrolyte market.
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