Lithium Metal Polymer (LPM) Battery Market Size, Status, Global Outlook 2023 To 2030

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Lithium Metal Polymer (LPM) Battery Market
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Market Overview
From 2022 to 2030, the global lithium-metal-polyme
r 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 2030 of the heat that they use when
they overheat.

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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.
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The Global Lithium Metal Polymer (LPM) Battery
Market has 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

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The Global Lithium Metal Polymer (LPM) Battery
Market has 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

• By Region
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific

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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.

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Market Players

• Bollore
• Toyota
• Panasonic
• Jiawei
• Bosch
• Quantum Scape
• BMW, Hyundai
• Dyson
• Apple

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