The global market for Battery Electrolyte is forecast to reach US$4.6 Billion by 2025, trailing a 2.9% CAGR over the analysis period. Batteries represent an indispensable power source for profusion of power-hungry equipment and electronic devices that gadget-savvy consumers apparently can't do without. Driven by changing portable energy needs, battery makers have been developing newer and more powerful battery chemistries for today's high-tech devices. Battery, as defined is a single cell or a collection of cells encased in continuity, having terminals that produce electricity from chemical energy. It is a stand-alone power source that provides electrical energy without a generator, power socket or a cord. All batteries are made up of cathode, anode, and an electrolyte. The electrodes, comprising anode and cathode are submerged into the electrolytic solution, while externally connecting through a conducting wire. When dissolved into the solvent, ions are released by these electrolytes, eventually producing electric current through the movement of released ions. The two electrodes, namely the negative and the positive, allow the current flow while an electrolyte chemically acts on them as conductor of electrons. Electrolyte is defined as a chemical composition of salts and solvents that dissociates into ions to transport electric charge. Based on the state of electrolyte, battery electrolytes are categorized into solid and liquid electrolyte. Liquid electrolytes are basically found in batteries used in laptops and cell phones.

The most common classification of batteries is acid, mildly acidic, and alkaline. The electrolyte used in mildly acidic batteries is less concentrated than the one used in ordinary acid-based batteries, and generally comprises a wide range of salts, which produce the required acidity level. Less expensive batteries, which are usually used in households, are mildly acidic batteries. On the other hand, alkaline battery uses an alkaline electrolyte in place of the mildly acidic electrolyte in an ordinary zinc-carbon battery. Based upon the type of battery, various chemical compounds are used as electrolytes. Some commonly used compounds include Chloric acid, Sodium Acetate, Sulphuric Acid, Nitric Acid, and Sodium Chloride among others. In the year 1799, an Italian physicist, Alessandro Volta invented the first battery by using voltaic piles for generating electric current continuously. Since then, the basic concept of the battery is same till today, though there were some noteworthy changes in the battery form. Electrolytes take the role of a catalyst, by enabling ionic movement from cathode to the anode during charging, and reversing this process while discharging, and make the battery conductive. Ions are charged atoms, possessing gained or lost electrons. The electrolytes in the battery possess soluble salts, acids or various bases in dry, gelled, and liquid formats. While electrolytes available in polymer form find application in solid state batteries, molten salts and solid ceramic are used in sodium-sulfur batteries.

Renewable energy, in particular solar and wind energy, is emerging as the main focus for investments in the electricity generation sector. By 2040, about $10 trillion is forecast to be spent globally on new power generation, of which a mammoth 70% will be directed at new solar and wind power plants. With energy markets moving away from traditional energy generation towards sustainable alternatives, there will be challenges presented in the form on unstable electricity grids due to high reliance on wind and solar energy technologies. This is because of the fact that there is considerable fluctuation in the output of solar and wind farms based on cloud coverage and wind speeds. Due to the intermittency of renewable power generation, there is potential for damage to power grids by voltage jolts that can also damage to electronic devices. The usual solution to this issue is through maintenance of spinning reserves, referring to a backup network comprising fossil fuel generators designed mainly to meet the demand peaks. However, energy storage technologies, specifically advanced battery technology, are emerging as a more efficient alternative solution. Batteries have the potential to maintain balance in renewable-dominant power grids, since they are capable of injecting power into the grid at a rapid pace and in accurate amounts required to even out fluctuations. The scenario provides opportunities for growth of the battery electrolyte market.