North America Lithium Difluoro(oxalato)borate (DFOB) Market was valued at USD 0.20 Billion in 2022 and is projected to reach USD 0.45 Billion by 2030, growing at a CAGR of 10.0% from 2024 to 2030.
The North American lithium difluoro(oxalato)borate (LiDFOB) market is experiencing significant growth, driven by its applications in lithium-ion batteries (LIBs) and energy storage systems. LiDFOB serves as a cost-effective and sustainable alternative to traditional lithium salts, enhancing battery performance and facilitating recycling processes.
LiDFOB is utilized in various battery types, including power lithium batteries, digital lithium batteries, and energy storage batteries. Its unique properties contribute to the formation of robust, inorganic-dominated interphase layers on electrodes, resulting in improved cycling stability and overall battery performance.
In the United States, Canada, and Mexico, the demand for LiDFOB is increasing as industries seek more economical and sustainable solutions for energy storage. The adoption of electric vehicles (EVs) and the expansion of renewable energy sources are key factors driving this demand.
Recent research highlights the advantages of LiDFOB-based electrolytes. A study published in Angewandte Chemie demonstrates that ultralow-concentration electrolytes using LiDFOB exhibit high ionic conductivity and stability, making them suitable for practical applications in LIBs. This development is expected to streamline battery production and recycling processes, offering a more sustainable approach to energy storage.
Leading manufacturers in the North American LiDFOB market include BaiFuChem, American Elements, Shida Shenghua, HSC, and Cfreon Chemical. These companies are at the forefront of producing high-purity LiDFOB to meet the growing demands of the battery industry.
As the market continues to evolve, industries are increasingly recognizing the benefits of LiDFOB in enhancing battery performance and sustainability. The North American lithium difluoro(oxalato)borate (DFOB) market is poised for continued growth, driven by technological advancements and the increasing demand for efficient energy storage solutions.
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BaiFuChem
American Elements
Shida Shenghua
HSC
Cfreon Chemical
Shanghai Zhuo Ye
FosaiNew Materials
Yuji Sifluo
Hongyuan Chemical
Guotai Super Power New Materials
Rolechem New Material
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Lithium Difluoro(oxalato)borate (DFOB) Market
Power Lithium Battery
Digital Lithium Battery
Energy Storage Battery
Based on Types the Market is categorized into Below types that held the largest Lithium Difluoro(oxalato)borate (DFOB) market share In 2023.
Purity ≥99.5%
Purity ≥99.9%
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Lithium Difluoro(oxalato)borate (DFOB) Market Research Analysis
1. Introduction of the North America Lithium Difluoro(oxalato)borate (DFOB) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Lithium Difluoro(oxalato)borate (DFOB) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Lithium Difluoro(oxalato)borate (DFOB) Market, By Type
6. North America Lithium Difluoro(oxalato)borate (DFOB) Market, By Application
7. North America Lithium Difluoro(oxalato)borate (DFOB) Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Lithium Difluoro(oxalato)borate (DFOB) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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