They help store electricity from renewables – such as wind or solar - in order to use it at a later stage when it is needed most. They are also used to ensure back-up power in critical facilities such as hospitals and telecommunication installations.
Market Dynamics:
The battery materials market is expected to expand at a high CAGR during the forecast period owing to the growing demand for electric vehicles (EVs), electronics product, portable device, and industrial applications. Moreover, technological advancements in the automotive industry have enabled multi-functionality automobiles, which exert significant load on vehicular batteries and require high energy density battery materials. This is again creating demand for battery materials. Furthermore, government initiatives in several countries towards clean environment and minimizing carbon emissions are fuelling the demand for EVs, thereby propelling battery material market growth.
On the other hand, environmental concerns related to mining of battery materials is expected to hamper the market growth.
Key features of the study:
- This report provides in-depth analysis of the global battery materials market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global battery materials market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Albemarle, China Molybdenum Co. Ltd., Gan feng Lithium Co., Ltd., Glencore PLC, Livent Corporation, Norlisk Nickel, Sheritt International Corporation, SQM S.A., Targray Technology International Inc., Teck Resources, Tianqi Lithium, and Vale S.A.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global battery materials market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global battery materials market
Detailed Segmentation:
- Global Battery Materials Market, By Battery Type
- Lithium Ion
- Lead Acid
- Others
- Global Battery Materials Market, By End Use Industry
- Automobile Industry
- Household Appliances
- Electronics Industry
- Others
- Global Battery Materials Market, By Region
- North America
- Europe
- Asia Pacific
- LAMEA
- Company Profiles:
- Albemarle
- China Molybdenum Co. Ltd.
- Gan feng Lithium Co., Ltd.
- Glencore PLC
- Livent Corporation
- Norlisk Nickel
- Sheritt International Corporation
- SQM S.A.
- Targray Technology International Inc.
- Teck Resources
- Tianqi Lithium
- Vale S.A.
