Lithium Metal Polymer (LPM) Battery Market Size, Status, Global Outlook 2023 To

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6. MarketOverview From 2022 to 2030, the global lithium-metal-polymer battery market is expected to grow at a compound annual growth rate (CAGR) of 7.9%.The things that are moving this market are its benefits, such as being able to use lithium metal anodes, which improves the energy density. The energy density of solid-state batteries is projected to be 2.5 times higher than that of regular batteries. Also, they can't use parts of commercial batteries that could be dangerous or toxic, like organic electrolytes, which are very bad for the environment and environments on Earth. Most liquid electrolytes are explosive, but solid electrolytes are not. Because of this, all-solid-state batteries are thought to have a lower fire risk than traditional batteries.Energy density is going up even more, and less safety steps are needed. Recent studies have shown that normal batteries with liquid chemicals only produce 20–30% of the heat that they use when they overheat.

7. By Region: Now that Asian companies dominate the battery business, European and American companies are racing to win this arms race, which they think will take extra value away from Japan, China, and South Korea. The battery supply chain is changing because different materials are being used and processing methods are changing. The development of all-solid-state batteries is part of both the technical and business plans for the next wave of batteries. It has become a world game that is supported by governments and has local players.

8. The Global Lithium Metal Polymer (LPM) Battery Markethas been segmented into: • By Type: • Polymer-Based Lithium Solid-State Battery • Lithium Solid-State Battery with Inorganic Solid Electrolytes • By Application: • Consumer Electronics • Electric Vehicle • Aerospace • Others

9. The Global Lithium Metal Polymer (LPM) Battery Markethas been segmented into: • By Region • Europe • Germany • France • Italy • Spain • UK • Nordic Countries • Denmark • Finland • Iceland • Sweden • Norway • Benelux Union • Belgium • The Netherlands • Luxembourg • Rest of Europe • By Region • North America • US • Canada • Mexico • Rest of North America • The Middle East & Africa • Saudi Arabia • UAE • Egypt • South Africa • Rest of the Middle East & Africa • Latin America • Brazil • Argentina • Rest of Latin America • ByRegion • Asia-Pacific • Japan • China • India • Australia • South Korea • Southeast Asia • Indonesia • Thailand • Malaysia • Singapore • Rest of Southeast Asia • Rest of Asia-Pacific

10. Key Market Updates: • Panasonic Holdings Corporation will open a new factory in Wakayama Factory in western Japan in February 2022 to make new "4680" lithium-ion batteries for electric cars. This will help the company grow its business around the world. At the end of the fiscal year 2024, tests of productivity and mass production are expected to start. • LG Energy Solution, which is a subsidiary of LG Chem, signed a memorandum of understanding with Stellantis N.V. in October 2021 to form a joint company to make battery cells and modules for North America. This joint effort will help Stellantis N.V. reach its goal of having electric cars make up 40% of the US market by 2030. The batteries made in this plant will be sent to Stellantis N.V. assembly plants in the US, Canada, and Mexico, where they will be put in the next generation of electric cars.

11. Market Players • Bollore • Toyota • Panasonic • Jiawei • Bosch • Quantum Scape • BMW, Hyundai • Dyson • Apple

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