COVID-19 Impact on Lithium-Ion Batteriesin Chemicals and Materials Industry
INTRODUCTION
The working of the lithium battery started in hardware items in 1912 beneath the supervision of G.N. Lewis more advancement was wiped out 1970’s and the primary non-rechargeable lithium batteries was made and got to be commercially accessible in numerous districts. Lithium products are the lightest of all metals and have the greatest properties of electrochemical potential which provides the largest energy density for weight and increases its application. Lithium-ion batteries are the products which are manufactured with the use of the lithium ions as primary component of the raw material.
From 2010 onwards, the annual consumption capacity of lithium-ion batteries in various applications has increased with 500% which resulted in the higher demand of the lithium-ion batteries in various regions as lithium-ion batteries products are now powering different products from lawn mowers to ferries. Although lithium-ion batteries products are nontoxic in nature similarly as lead-acid or nickel cadmium batteries which are used in various applications, lithium-ion batteries contain components which should be avert from being exposed in high temperature environment due to which the demand for the lithium-ion batteries is increasing in the end use applications.
The most significant increase of the lithium-ion batteries is found in the automotive industry for the advance use of the battery technology in the automotive has propelled the rapid adoption of electric cars and buses in several regions. In 2018, there is a cumulative increase in the number of electric cars in the world which resulting in increase in the demand of the cars to 4 million and even many estimates point at a global market share increases by 20% for the electric car in 2025 which result in the increases in the demand of the lithium-ion batteries. The demands of lithium-ion battery in electric vehicles is more and also have demand in other applications such as data centers and to power fork lifts, telecom base stations and, electric scooters and bikes.
Lithium batteries are widely used in our daily life products such as in tablets, mobile phones and cameras as lithium-ion batteries are more used in the portable devices which can easily carried from one place to another as with the increasing of demand of the electronic consumer goods the demand for the lithium-ion batteries will also increase in the global lithium-ion batteries market. In the lithium-ion batteries system, carbon materials and components are replacing the metal lithium components which store and release lithium ions in the electrochemical process in batteries which increasing the efficiency of the lithium-ion batteries.
In addition, lithium batteries are self-discharge batteries which consume less than half power as compared to others large nickel-cadmium batteries which make lithium-ion batteries well suited for modern fuel gauge applications in residential and electronic products and also lithium-ion cells are very efficient and resulting in little harm as compared to others at the time of disposed of.
IMPACT OF COVID-19 ON LITHIUM-ION BATTERIES
COVID-19 has affected the global economy and resulting into significant decline in the demand products and raw material which are produce by various major industries in the regions. Several industries such as energy storage, electronic and automobile industry is facing challenges in project development, shipment delays, manufacturing and research and development of the new products for the market growth as the demand of the products have also fallen down due to the lock down in the regions. Read more...