Lithium hexafluorophosphate is an inorganic compound with chemical formula LiPF6. The main use of lithium hexafluorophosphate is as the salt used in the electrolyte in lithium-ion batteries which are used in used in new energy vehicles, energy storage, and consumer electronics. Specifically, the non-aqueous solutions of lithium hexafluorophosphate in carbonate solvents (e.g., ethylene carbonate (EC), dimethyl carbonate (DMC), diethyl carbonate (DEC) and/or ethyl methyl carbonate (EMC)), with a small amount of one or many additives such as fluoroethylene carbonate and vinylene carbonate, serve as electrolytes in lithium-ion batteries.
TIn 2021, China’s LiPF6 production capacity and output was 99,900 tonnes and 75,000 tonnes respectively. Major producers were Tianci Materials with a 34.6% market share and Duofuoduo with a 21.6% market share. With the commissioning of new projects, the output in 2022 has exceeded 120,000 tonnes while demand was about 103,800 tonnes.
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