1,3-Propane Sultone (1,3-PS), a specialty chemical, is a key electrolyte additive in lithium-ion batteries, alongside applications in electroplating, pharmaceuticals, surfactants, and other industries. Its role in enhancing battery performance, particularly in high-energy-density applications, has surged with the global push for electric vehicles and renewable energy storage. In 2022, it accounted for 16.02% of electrolyte additive shipments, trailing vinylene carbonate (40.88%) and fluoroethylene carbonate (19.47%). Global electrolyte shipments reached 1 million tons in 2022, projected to hit 2.6 million tons by 2025.
China, producing over 80% of global 1,3-PS in 2021, dominates both supply and demand, achieving near self-sufficiency. Recent developments, such as Wuhan Jadechem’s EU REACH certification in November 2023 and Shandong Yonghao’s planned capacity doubling to 5000 tons/year by 2024, underscore the market’s growth trajectory and focus on battery applications.
This product will be delivered within 1-3 business days.
China, producing over 80% of global 1,3-PS in 2021, dominates both supply and demand, achieving near self-sufficiency. Recent developments, such as Wuhan Jadechem’s EU REACH certification in November 2023 and Shandong Yonghao’s planned capacity doubling to 5000 tons/year by 2024, underscore the market’s growth trajectory and focus on battery applications.
Market Size and Growth Forecast
The global 1,3-Propane Sultone market is projected to reach USD 250 million to USD 300 million in 2025, with a CAGR of 8% to 10% through 2030, expanding to USD 400 million to USD 480 million, driven by battery demand.Regional Analysis
- Asia Pacific: Expected at 9% to 11%, China leads with battery production. Trends focus on EV growth.
- North America: Forecasted at 6% to 8%, the U.S. prioritizes batteries. Trends emphasize innovation.
- Europe: Projected at 7% to 9%, Germany grows in EVs. Trends favor sustainability.
- South America: Anticipated at 4% to 6%, Brazil emerges in electroplating. Trends lean toward industrials.
- Middle East and Africa: Expected at 3% to 5%, South Africa serves niche uses. Trends focus on cost efficiency.
Application Analysis
- Lithium-Ion Battery: Projected at 9% to 11%, it dominates with EVs. Trends shift to high-performance additives.
- Electroplating: Expected at 4% to 6%, it serves coatings. Trends favor durability.
- Pharmaceutical: Forecasted at 3% to 5%, it supports synthesis. Trends emphasize precision.
- Surfactant: Projected at 2% to 4%, it grows in chemicals. Trends focus on industrial use.
- Others: Anticipated at 1% to 3%, it includes niche applications. Trends vary by sector.
Product Type Analysis
- Industrial Grade: Projected at 7% to 9%, it thrives in batteries and electroplating. Trends focus on scale.
- Pharmaceutical Grade: Expected at 4% to 6%, it serves precision synthesis. Trends emphasize purity.
Key Market Players
- Chunbo Fine Chem: A Chinese leader, Chunbo excels in additives.
- Wuhan Jadechem: A Chinese giant, Jadechem dominates 1,3-PS.
- Shandong Yonghao: A Chinese firm, Yonghao boosts capacity.
- Rongcheng Qingmu: A Chinese player, Qingmu refines production.
- Hubei Dimei: A Chinese entity, Dimei serves batteries.
- Zhangjiagang Hicomer: A Chinese innovator, Hicomer targets industrials.
- HOPAX: A Taiwanese firm, HOPAX diversifies applications.
- Wuhan Sunnsto: A Chinese leader, Sunnsto focuses on batteries.
- Jiangsu Mengde: A Chinese player, Mengde optimizes output.
- Hubei Lingzhi: A Chinese firm, Lingzhi serves niche uses.
Porter’s Five Forces Analysis
- Threat of New Entrants: Moderate, with technical and regulatory barriers.
- Threat of Substitutes: High, as other additives compete in batteries.
- Bargaining Power of Buyers: High, with battery makers demanding quality.
- Bargaining Power of Suppliers: Moderate, due to concentrated production.
- Competitive Rivalry: Intense, driven by battery innovation and scale.
- Impact of Tariff Conflicts on Supply Chain Localization
Market Opportunities and Challenges
Opportunities:
- EV Boom: Battery demand surges with electrification.
- Renewables: Energy storage boosts 1,3-PS use.
- China’s Lead: Production dominance offers scale.
- Innovation: High-performance additives gain traction.
- Emerging Markets: Asia Pacific drives growth.
Challenges:
- Substitutes: Competing additives threaten share.
- Regulation: Safety rules raise costs.
- Supply Risks: Raw material reliance poses challenges.
- Competition: Intense rivalry squeezes margins.
- Trade Flux: Tariffs disrupt export flows.
This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast 1,3-Propane Sultone Market in North America (2020-2030)
Chapter 10 Historical and Forecast 1,3-Propane Sultone Market in South America (2020-2030)
Chapter 11 Historical and Forecast 1,3-Propane Sultone Market in Asia & Pacific (2020-2030)
Chapter 12 Historical and Forecast 1,3-Propane Sultone Market in Europe (2020-2030)
Chapter 13 Historical and Forecast 1,3-Propane Sultone Market in MEA (2020-2030)
Chapter 14 Summary For Global 1,3-Propane Sultone Market (2020-2025)
Chapter 15 Global 1,3-Propane Sultone Market Forecast (2025-2030)
Chapter 16 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- Chunbo Fine Chem
- Wuhan Jadechem
- Shandong Yonghao
- Rongcheng Qingmu
- Hubei Dimei
- Zhangjiagang Hicomer
- HOPAX
- Wuhan Sunnsto Technology
- Jiangsu Mengde
- Hubei Lingzhi