LiPF6 is an inorganic compound. It appears as a white crystalline powder and is easily soluble in water and low concentration organic solvents such as methanol, ethanol, acetone, and carbonates. At a melting point of 200 ℃, it will decompose with a density of 1.50g/cm ³.

LiPF6 is the core component of the electrolyte, accounting for approximately 43% -50% of the total electrolyte cost and about 13% of the electrolyte mass. Its performance directly affects important properties such as ion conductivity, electrochemical stability window, high and low temperature stability, and oxidation stability of the electrolyte.

Overview of Market Development

According to our research data, the estimated revenue scale of the global LiPF6 market in 2024 is $3.47 billion, a decrease of 15.88% compared to 2023. LiPF6 plays a crucial role in the lithium-ion battery industry and is one of the key factors affecting electrolyte cost and performance. In the future, with the continuous development of new energy vehicles and energy storage fields, the demand for LiPF6 will continue to grow, and the market is expected to quickly recover and continue to expand. It is expected that the global market revenue of LiPF6 will increase to $12.80 billion by 2029. The CAGR for 2024-2029 is estimated to be 29.81%.

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the global LiPF6 market is relatively high. The data shows that the total sales of LiPF6 by the top 3 companies accounted for 46.18% in 2023. The top three companies were Guangzhou Tinci Materials, Do Fluoride Chemicals, and Morita Chemical. In 2023, the sales of LiPF6 by these three companies accounted for 18.97%, 14.52%, and 12.69% of the total global sales, respectively.

Source: www.globalmarketmonitor.com

Segmented Market Analysis

From the perspective of product types, LiPF6 can be divided into two categories based on different production processes: HF gas solvent process LiPF6 and organic solvent process LiPF6. Among them, the HF gas solvent process LiPF6 dominates the market, with an expected market share of 84.22% in 2024.

From the perspective of downstream applications, the LiPF6 market can be divided into the power battery field and the non-power battery field. Among them, the power battery field holds a higher market share, estimated at 50.97% in 2024.

	Market Revenue (Million USD)	Market Share
Segmented by Type
HF Gas Solvent Process	2924	84.22%
Organic Solvent Process	548	15.78%
Segmented by Application
Power Battery	1770	50.97%
Non-power Battery	1702	49.03%