A lithium polymer battery, or more correctly lithium-ion polymer battery is a rechargeable battery of lithium-ion technology using a polymer electrolyte instead of a liquid electrolyte.
Lithium polymer battery has evolved from lithium-ion and lithium-metal batteries. The primary difference is that instead of using a liquid lithium-salt electrolyte (such as LiPF6) held in an organic solvent (such as EC/DMC/DEC), the battery uses a solid polymer electrolyte (SPE) such as poly (ethylene oxide) (PEO), poly(acrylonitrile) (PAN), poly(methyl methacrylate) (PMMA) or poly(vinylidene fluoride) (PVdF).
Global lithium polymer battery market was valued at 4407 Million US$ in 2018 and is projected to reach 7099 Million US$ by 2024, at a CAGR of 8.27% during the forecast period
The lithium-ion battery market grows at fastest rate owing to its acceptance in various user electronics such as tablets, smartphones, MP3 players, and digital cameras among others. Li-ion batteries are one of the most accepted batteries in the globe owing to the global employment of laptop computers and mobile phones. In addition to this, the requirement for Li-ion batteries in the automobile sector is more due to rising requirement for electric cars, thereby boosting the lithium-ion battery market.
Compared to lithium-ion battery, Lithium Polymer Battery occupies a bigger and bigger market share. Lithium polymer battery provide manufacturers with compelling advantages. They can easily produce batteries of almost any desired shape. For example, the space and weight requirements of mobile devices and notebook computers can be completely satisfied.
Key players in global lithium polymer battery market include: ATL, Samsung, Sony, LG Chemical, Lishen, BYD, Panasonic, BAK, LiPol Battery, Vbpower, Maxell, Advanced Electronics Energy, Ultralife