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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
In order to keep their engines from overheating and perhaps igniting fires, all cars require coolants, but those in electric cars are especially crucial due to the greater temperatures and voltages involved.
A typical coolant used in the automobile industry is mostly made of a solution of ethylene glycol and water.
Both liquids are required due to their distinct physical characteristics: glycol has a low melting point, which is essential if the vehicle is to be used in a cold climate, and water has a high heat capacity and thermal conductivity that allows heat from the battery to dissipate quickly throughout the vehicle.
The China EV Chemicals market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The joint venture known as "BASF Shanshan Battery Materials Co., Ltd." has been established by BASF and Shanshan with the agreement of all pertinent authorities.The newly established business has four locations in China's Hunan and Ningxia.
It already occupies a dominant position along the whole value chain of battery materials, from raw materials to recycled batteries and precursor cathode active materials (PCAM).
In addition to having a global operating footprint and excellent technological and development capabilities, BASF also has strategic alliances for the sourcing of raw materials.
The joint venture will constantly serve the worldwide consumer electronics and energy storage segments while focusing especially on the rapidly expanding electric vehicle (EV) market thanks to Shanshan's substantial experience, comprehensive product portfolio, and leading scale-up capability.
With an emphasis on close client proximity, expanding its product line, and assuring a steady supply of sustainable raw materials, BASF has continued to expand its global footprint.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |