Home » Market News » DirectorsTalk Highlights » Solid Electrolyte Market to Gain a Stronghold by 2027 Says FMI
Ilika plc

Solid Electrolyte Market to Gain a Stronghold by 2027 Says FMI

The high-end properties associated with solid electrolytes are leading to their increased adoption in batteries, in turn creating significant demand from end-use industries. The macroeconomic growth of the electronic industry and increasing investment in the automotive, smart devices, and advanced electronic gadgets is further anticipated to support the solid electrolyte market growth over the forecast period.

Additionally, the demand for efficient, rapid response batteries is rising, with a pre-requisite of longer life cycles from consumers, wherein solid electrolyte plays a key role. Introduction of new technologies and competition from other battery technologies will provide innovation and growth opportunities for solid electrolytes market as well. Further, the policy framework and increased government support for electric vehicles may boost the demand for solid electrolytes across the globe, owing to their increasing utilisation in batteries.

Ilika plc (LON: IKA) has world class expertise in accelerated materials innovation, including in the automotive, aeronautical and electronic components sectors. Global brands such as Rolls-Royce and Toyota have long-term collaborations with Ilika. High throughput technology enables functional materials to be made, characterised and tested up to 100 times faster than traditional techniques. Robust datasets enhance intellectual property value, optimise product performance and reduce time to market, thereby maximising return on R&D investment.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.