Newly Released: Battery Materials Market 2024-2030 | Predicted Worth of USD 77.93 billion by 2030

Battery materials are used in various types of batteries to facilitate electrochemical reactions that store and release energy. These materials play a crucial role in the development and performance of electronic devices, electric vehicles, and renewable energy storage. There are various types of battery materials such as anodes, cathodes, electrolytes, and binders. 

Battery Materials Market provides in-depth analysis on the market status of Battery Materials manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most recent developments worldwide. The report also computes market size, Price, Revenue, Cost Structure, Gross Margin, Battery Materials Sales, and Market Share, Forecast and Growth Rate.

The report helps to determine the revenue generated by the sale of this report and technologies across various application segments.

The battery materials market is expected to grow at 5.63% CAGR from 2024 to 2030. It is expected to reach above USD 77.93 billion by 2030 from USD 50.28 billion in 2023.

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Driver: Government subsidies and clean energy

All the countries are looking for clean energy to achieve zero carbon emission. The advanced battery technology helps in achieving the emission norms.

Government of different countries are promoting EVs with the subsidies, policy change, and regulation on carbon emission. Global electric vehicle demand  has increased in past few years and China is leading in the EVs market.

China is mainly driving the EVs market, in 2021 China sold 3.3 million more cars than the whole world in 2020.

Restraint: Inadequate charging infrastructure

Lithium ion batteries are mostly used in electric vehicles and the availability of charging infrastructure is an essential factor for sustainability of EVs industry. EVs can only operate in a limited area owing to a lack of EV charging infrastructure.

Various countries intend to extend their charging infrastructure.

Opportunity: Use of battery in energy storage devices

Lead-acid and lithium ion batteries are used in energy storage devices. These batteries are Indented to deliver great performance and high power output in a range of applications.

Datacenters require smooth power supply and hence uses uninterrupted power supply (UPS) to deliver power to load. Energy storage devices are also used in renewable energy generation and hybrid automotive system.

Challenge: Regulation and safety issues related to lead-acid battery raw materials

Lead is a main material of lead-acid battery. Lead is a toxic material and can cause health issues such as Neurological damages, slowed mental and physical development, concentration and learning difficulties to the person exposed to it.

The use of such material requires special skill, precautions, and proper training.

Some of the vital companies in Battery Materials Market are:

Albemarle, China Molybdenum Co. Ltd., Gan feng Lithium Co. Ltd., Glencore PLC, Livent Corporation, Norlisk Nickel, Sheritt International Corporation, SQM, Targray Technology International Inc., Teck Resources, Tianqi Lithium, and Vale S.A.

and Other…

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Battery Materials in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

North America is expected to showcase significant growth owing to the rapid adoption of electric vehicles with increasing consumer electronics sales in this region. The U.S. government is encouraging investors for renewable and electric vehicle industries, resulting in the increasing demand for battery-based energy storage systems mainly for lithium-ion batteries, which will primarily facilitate the growth in the region up to 2027.

Asia Pacific, led by India, Japan, China, and South Korea, is likely to reach USD 18.39 billion by 2027. Rapid urbanization, along with increasing consumer spending on electric vehicles, is expected to foster regional growth.

Most of the Indian companies are forming strategies with overseas companies and introducing new production plant to build an EV battery plant using indigenous battery materials that will propel the global battery materials market growth in the region

The market in Europe is projected to showcase substantial growth during the forecast period. In June 2018, over one million plug-in electric passenger cars were registered in Europe, making it the second-largest car seller in the world.

Additionally, the growing electronics and automotive industries in Germany may create lucrative growth opportunities in the global market for battery materials.

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Abrasives Market Segmentation: 

This research report categorizes the Abrasives market into the following segments and subsegments:

Battery Materials Market By Battery Type, 2020-2030, (Usd Billion), (Kilotons)

Lithium-Ion

Lead Acid

Battery Materials Market By Material Type, 2020-2030, (Usd Billion), (Kilotons)

Cathode

Anode

Electrolyte

Battery Materials Market By Application, 2020-2030, (Usd Billion), (Kilotons)

Portable Device

Electric Vehicle

Industrial

Automotive

Key Attentions of Battery Materials Market Report:

• The report offers a comprehensive and broad perspective on the global Battery Materials
• The market statistics represented in different Battery Materials segments offers complete industry picture.
• Market growth drivers, challenges affecting the development of Battery Materials are analyzed in detail.
• The report will help in the analysis of major competitive market scenario, market dynamics of Battery Materials.
• Major stakeholders, key companies Battery Materials, investment feasibility and new market entrants study is offered.
• Development scope of Battery Materials in each market segment is covered in this report. The macro and micro-economic factors affecting the market
• Advancement is elaborated in this report. The upstream and downstream components of Battery Materials and a comprehensive value chain are explained.

This business planning research will aid clients to:

After corporate stability takes hold, strategic planning and analysis will be needed to advance.

Impact research and updates to market estimations every quarter.

Develop resilience by selecting wisely when it comes to resources and investments.

Create a concept for trend-based planning to reduce potential future scenarios.

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Exactitude Consultancy.Category: Industry Reports & Market Analysis Profile: Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data. What we aim is to provide a holistic picture of the market taking into account all the possible market drivers. With an aim to cover ...