The annual composite growth rate of global lithium-sulfur battery market is over 71% in 2018-2022.

Technavio, an international market research institute, recently reported that the global lithium-sulfur battery market will grow at a compound annual rate of more than 71% between 2018 and 2022. Restraining lead pollution and strict laws are the main factors to promote market growth.

In 2016, lead-acid batteries accounted for the main part of the total lead production. Standard configurations for lead-acid batteries include lead plates in sulphuric acid placed in plastic castings. Batteries contain a lot of lead oxide toxins which are harmful to the environment. Lead-acid batteries became unusable. Previously, lead-acid batteries were recycled in densely populated areas and pollution checks were limited, which would affect the environment.

Therefore, with the development of technology, the world's awareness of environmental protection is increasing. In the forecast period, lithium-sulfur batteries will show a rapid growth. In particular, the growing popularity of electric vehicles, plug-in hybrid electric vehicles and hybrid electric vehicles, as well as the growing concern about renewable energy, are expected to boost market growth.

Technavio explained, "In 2015, to improve energy efficiency, manufacturers of lithium-sulfur batteries tried to develop nanostructured electrodes and electrolytes in batteries. Compared with traditional lithium-ion batteries, Li-S nanotechnology batteries are expected to provide at least three times the energy density. Researchers have proposed a battery structure consisting of a silicon-carbon composite anode and a nanostructured lithium sulfide-carbon composite cathode.

From the application market point of view, thespecial market has the largest demand for lithium sulfur batteries, accounting for almost 99% of the global market in 2017. However, with the rise of new energy vehicles, it is expected that by 2022, the share of thespecial market will decline by nearly 9%, while the automobile market accounts for nearly 5% of the total lithium-sulfur battery market.

The page contains the contents of the machine translation.