[Featured Stock] Hanong Chemical Rises on Outlook for 300-Fold Growth in Battery Solid Electrolytes

[Asia Economy Reporter Ji Yeon-jin] Hanong Chemical is showing strength on the 31st amid forecasts that the global solid electrolyte market will expand.

As of 1:37 PM on the same day, Hanong Chemical was trading at 16,050 KRW on the KOSPI market, up 4.56% (700 KRW) compared to the previous day.

Hanong Chemical is a specialty chemical company producing glycol ethers used in semiconductor and TFT-LCD cleaning agents, as well as surfactants (EOA) and special industrial emulsifiers (EM). It is known to be developing solid electrolytes for all-solid-state batteries.

On this day, SNE Research predicted that the global solid electrolyte market for batteries will expand approximately 317 times from 12 million USD (14.5 billion KRW) in 2022 to 3.8 billion USD (4.597 trillion KRW) by 2030. As major battery (secondary battery) companies select all-solid-state lithium-ion batteries (secondary batteries) as the next-generation battery and engage in related research and development, the solid electrolyte market used in all-solid-state batteries is also expected to grow rapidly.