REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
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USD 77.93 billion by 2029 | 5.63% | Asia Pacific |
By Battery Type | BY Material Type | By Application |
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SCOPE OF THE REPORT
Battery Materials market Overview
The battery materials market is expected to grow at 5.63% CAGR from 2022 to 2029. It is expected to reach above USD 77.93 billion by 2029 from USD 50.28 billion in 2021.
Battery materials are the components that make up the various types of batteries used to store and generate electrical energy. In the battery supply chain, battery materials are the essential raw materials and substances. They mostly consist of metals like lithium, cobalt, and nickel, among others. They are obtained through upstream mining activities that entail processing mineral ores or seawater brines into battery metals. Battery packs utilized in a variety of end-use industries, including automotive, consumer electronics, and energy storage devices, are the final goods. The electrodes in batteries are the parts that allow for the flow of electrons between the anode (negative electrode) and the cathode (positive electrode). Common electrode materials include lithium cobalt oxide (LCO), lithium iron phosphate (LFP), and nickel-cobalt-aluminum (NCA) for lithium-ion batteries, as well as lead dioxide and lead for lead-acid batteries.
The electrolyte in a battery is the solution or substance that allows ions to flow between the electrodes, which is necessary for the battery to function. Common electrolyte materials include lithium salts, such as lithium hexafluorophosphate (LiPF6), and organic solvents, such as ethylene carbonate (EC) and dimethyl carbonate (DMC), for lithium-ion batteries, as well as sulfuric acid for lead-acid batteries. The electrolyte and separator determine a battery’s safety, while the cathode and anode determine a battery’s fundamental performance Separator keeps cathode and anode apart by acting as a physical barrier. It carefully allows only the ions to pass through the interior tiny hole while obstructing the direct flow of electrons. It must therefore meet all of the physical and electrochemical requirements. Currently available synthetic resin separators include polyethylene (PE) and polypropylene (PP).
ATTRIBUTE | DETAILS |
Study period | 2020-2029 |
Base year | 2021 |
Estimated year | 2022 |
Forecasted year | 2022-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Billion), (KILOTONS) |
Segmentation | By battery type, by material type, by application, by region |
By Battery Type
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BY Material Type
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By Application
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By Region
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The battery materials market is primarily driven by the growing demand for batteries in various applications, including electric vehicles (EVs), consumer electronics, grid energy storage, and renewable energy systems. The rapidly increasing demand for electric vehicles around the world is likely to result in a large increase in the demand for battery materials during the forecast period. The deployment of electric vehicles is being accelerated by growing government measures to reduce greenhouse gas emissions and carbon emissions in order to achieve sustainability. In order to reduce carbon emissions and the need for fast-charging stations, the market for battery materials will benefit from increased demand for electric vehicles.
The strong demand for computers, TVs, mobile phones, and other devices is to blame for the large manufacturing of electronics goods. The consumer electronics market is projected to be driven by technological development as well as the gaming industry’s rapid growth. The need for batteries is expected to rise as more people use smartphones, computers, tablets, and smart electronic devices. Companies are investing on developing new, effective battery technologies that will likely increase the market’s demand for cutting-edge products. The use of lithium-ion technology is anticipated to rise over the projection period as a result of people’s growing reliance on portable power supplies and cell phones.
The introduction of EVs is likely to be delayed by inadequate charging infrastructure, which is anticipated to impede the growth of the sector as a whole. The corporation also stated that it will be challenging to introduce passenger electric vehicles without a robust charging infrastructure in place. Famous manufacturers and energy providers are not investing in charging infrastructure since it is capital demanding and there is little demand for electric vehicles, which is impeding the growth of the market. Some battery materials, such as cobalt and nickel, are mined in limited quantities and are subject to geopolitical risks, which can lead to supply disruptions and higher prices.
The ongoing development of new battery technologies, such as solid-state batteries and flow batteries, presents an opportunity for the battery materials market to develop new materials that can improve the performance and reduce the cost of these technologies. Battery production is anticipated to increase in response to the fast-increasing demand for batteries around the world as a result of manufacturers’ increasing investments in the mining, processing, and manufacturing of battery materials. The demand for battery materials is anticipated to increase as people become more knowledgeable about battery materials that are supplied responsibly, effective waste disposal methods, and trash recycling. As a means of attracting customers to their products, manufacturers are increasingly adopting certifications like the EU-Batteries Directive, DOT, and PHMSA.
The supply of goods in all enterprises was impacted by the implementation of lockdown and social distancing standards due to covid-19 pandemic. The impact of the pandemic was also seen on the battery materials market. The energy industry had a trouble producing due to a workforce shortage, which caused delays in the shipping process, projects, research, and development. There was a decline in the product sales and production rate. Production delays were revealed by the two largest lithium-ion (L-ion) battery manufacturers in China, CATL and BYD. This interruption has had a significant negative impact on original equipment manufacturers (OEMs), who import batteries and raw materials from China. While other factories had stopped operations, a select few OEMs in Japan, Korea, and Taiwan have continued to buy supplies from other vendors, allowing them to meet short-term demand. The pandemic has, overall, had some negative effects on the market for battery materials, but it has also spurred tendencies towards sustainable energy and raised demand for battery storage options. Companies in the battery materials market now have a chance to create cutting-edge goods and technology in order to suit these changing needs.
Battery Materials market Segment Analysis
The battery materials market is segmented based on battery type, material type and region.
Based on the battery type market is divided into Lithium-ion and Lead acid. Lithium-ion batteries segment accounted for the highest market share of battery materials market. The fast adoption of electric vehicles around the world is largely responsible for this surge in demand for lithium-ion batteries. Also, the widespread use of lithium-ion batteries in portable electronic gadgets has greatly aided in this market’s expansion. The multiple advantages of lithium-ion batteries, including their high energy density, minimal self-discharge, and vivid memory effect, have made them popular in a wide range of applications.
Based on the material type market is segmented into Cathode, Anode, Electrolyte. Cathode is further sub segmented as Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminium Oxide and Lithium Nickel Manganese Oxide . Anode is divided into artificial graphite, natural graphite and others. Cathode dominated the market of battery materials. The cathode should be free from unwanted metal impurities and require an extremely high purity level.
On the basis of application battery materials market is segmented into Portable Device, Electric Vehicle, Industrial, Automotive. In terms of application, the consumer electronics sector dominated the market for battery materials in 2021. The consumer electronics market has expanded as a result of the enormous demand for a wide range of consumer electronics among the world’s population. Consumers’ changing lifestyles, increased disposable income, technical breakthroughs, and rising spending on home renovation items are just a few of the key elements driving global demand for diverse consumer electronic devices.
Battery Materials market Players
The battery materials market key players include 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.
Recent developments:
- January 26, 2023 : Glencore is proud to be part of the world’s first battery passport proof of concept launched by the Global Battery Alliance . As the world seeks to address climate change, minerals are set to play a pivotal role in decarbonizing energy consumption and mobility.
- January 24, 2023 : Lithium Battery R&D&I Center: SQM Board Meeting Approves Planning for 2023. The meeting focused on planning for the center and the milestones that will mark its formation during 2023, including the signing of agreements with prestigious international institutions, the constitution of a training pathway for new advanced human capital, the need for appropriate new infrastructure and an upcoming inauguration of the offices.
Who Should Buy? Or Key stakeholders
- Manufacturers of Battery Materials
- Traders, distributors, and raw material suppliers
- Government and regional agencies and research organizations
- Consumer Electronics industries
- Automotive industries
- Battery Materials Suppliers
- Raw Materials Manufacturers
- Research Organizations
- Investors
- Regulatory Authorities
- Others
Battery Materials market Regional Analysis
The battery materials market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The Asia Pacific region is the largest and fastest-growing market for battery materials, driven by the increasing demand for electric vehicles (EVs) and consumer electronics, as well as the shift towards renewable energy systems. The largest suppliers of battery materials in the Asia Pacific region are nations like China, Japan, South Korea, and India. These nations have a sizable EV and consumer electronics market, and there is a rising need for energy storage technologies to help with the uptake of renewable energy sources. Due to its sizable population, quick economic expansion, and government backing for electric vehicles and renewable energy sources, China is the largest market in the region for battery materials. In addition to being the world’s top producer of lithium-ion batteries, the nation plays a vital role in the production of other battery components like cobalt, nickel, and graphite. Japan and South Korea are also major players in the battery materials market, with a strong focus on the development of EVs and energy storage systems. These countries are home to some of the largest battery manufacturers in the world, including Panasonic, LG Chem, and Samsung SDI.
A significant amount of growth is anticipated in North America as a result of the region’s increased sales of consumer electronics and the country’s quick adoption of electric vehicles. The US government is promoting investment in the electric car and renewable energy sectors, which is driving up demand for battery-based energy storage systems, particularly for lithium-ion batteries, which will predominantly support regional growth through 2027.
Key Market Segments: Battery Materials Market
Battery Materials Market By Battery Type, 2020-2029, (Usd Billion), (Kilotons)
- Lithium-Ion
- Lead Acid
Battery Materials Market By Material Type, 2020-2029, (Usd Billion), (Kilotons)
- Cathode
- Anode
- Electrolyte
Battery Materials Market By Application, 2020-2029, (Usd Billion), (Kilotons)
- Portable Device
- Electric Vehicle
- Industrial
- Automotive
Battery Materials Market By Region, 2020-2029, (Usd Billion), (Kilotons)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Questions Answered: –
- What is the expected growth rate of the battery materials market over the next 7 years?
- Who are the major players in the battery materials market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-pacific, Middle East, and Africa?
- How is the economic environment affecting the battery materials market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the battery materials market?
- What is the current and forecasted size and growth rate of the global battery materials market?
- What are the key drivers of growth in the battery materials market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the battery materials market?
- What are the technological advancements and innovations in the battery materials market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the battery materials market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the battery materials market?
- What are the product offerings and specifications of leading players in the market?
- What is the pricing trend of battery materials in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL BATTERY MATERIALS MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON BATTERY MATERIALS MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL BATTERY MATERIALS MARKET OUTLOOK
- GLOBAL BATTERY MATERIALS MARKET BY BATTERY TYPE,2020-2029, (USD BILLION, KILOTONS)
- LITHIUM-ION
- LEAD ACID
- GLOBAL BATTERY MATERIALS MARKET BY MATERIAL TYPE, 2020-2029, (USD BILLION, KILOTONS)
- CATHODE
- ANODE
- ELECTROLYTE
- GLOBAL BATTERY MATERIALS MARKET BY APPLICATION, 2020-2029, (USD BILLION, KILOTONS)
- PORTABLE DEVICE
- ELECTRIC VEHICLE
- INDUSTRIAL
- AUTOMOTIVE
- GLOBAL BATTERY MATERIALS MARKET BY REGION, 2020-2029, (USD BILLION, KILOTONS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- 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
- VALE S.A. *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 2 GLOBAL BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 3 GLOBAL BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 4 GLOBAL BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 5 GLOBAL BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 6 GLOBAL BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 7 GLOBAL BATTERY MATERIALS MARKET BY REGION (USD BILLION), 2020-2029
TABLE 8 GLOBAL BATTERY MATERIALS MARKET BY REGION (KILOTONS), 2020-2029
TABLE 9 NORTH AMERICA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 10 NORTH AMERICA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 11 NORTH AMERICA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 12 NORTH AMERICA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 13 NORTH AMERICA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 14 NORTH AMERICA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 15 NORTH AMERICA BATTERY MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 16 NORTH AMERICA BATTERY MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 17 US BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 18 US BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 19 US BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 20 US BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 21 US BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 22 US BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 23 CANADA BATTERY MATERIALS MARKET BY BATTERY TYPE (BILLION), 2020-2029
TABLE 24 CANADA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 25 CANADA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 26 CANADA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 27 CANADA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 28 CANADA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 29 MEXICO BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 30 MEXICO BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 31 MEXICO BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 32 MEXICO BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 33 MEXICO BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34 MEXICO BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 35 SOUTH AMERICA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 36 SOUTH AMERICA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 37 SOUTH AMERICA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 38 SOUTH AMERICA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 39 SOUTH AMERICA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 40 SOUTH AMERICA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 41 SOUTH AMERICA BATTERY MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 42 SOUTH AMERICA BATTERY MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 43 BRAZIL BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 44 BRAZIL BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 45 BRAZIL BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 46 BRAZIL BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 47 BRAZIL BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 48 BRAZIL BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 49 ARGENTINA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 50 ARGENTINA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 51 ARGENTINA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 52 ARGENTINA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 53 ARGENTINA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 54 ARGENTINA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 55 COLOMBIA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 56 COLOMBIA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 57 COLOMBIA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 58 COLOMBIA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 59 COLOMBIA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60 COLOMBIA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 61 REST OF SOUTH AMERICA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 62 REST OF SOUTH AMERICA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 63 REST OF SOUTH AMERICA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 64 REST OF SOUTH AMERICA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 65 REST OF SOUTH AMERICA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 66 REST OF SOUTH AMERICA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 67 ASIA-PACIFIC BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 68 ASIA-PACIFIC BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 69 ASIA-PACIFIC BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 70 ASIA-PACIFIC BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 71 ASIA-PACIFIC BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 72 ASIA-PACIFIC BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 73 ASIA-PACIFIC BATTERY MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 74 ASIA-PACIFIC BATTERY MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 75 INDIA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 76 INDIA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 77 INDIA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 78 INDIA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 79 INDIA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80 INDIA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 81 CHINA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 82 CHINA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 83 CHINA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 84 CHINA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 85 CHINA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 86 CHINA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 87 JAPAN BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 88 JAPAN BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 89 JAPAN BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 90 JAPAN BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 91 JAPAN BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 92 JAPAN BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 93 SOUTH KOREA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 94 SOUTH KOREA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 95 SOUTH KOREA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 96 SOUTH KOREA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 97 SOUTH KOREA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98 SOUTH KOREA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 99 AUSTRALIA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 100 AUSTRALIA BATTERY MATERIALSBY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 101 AUSTRALIA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 102 AUSTRALIA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 103 AUSTRALIA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 104 AUSTRALIA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 105 SOUTH EAST ASIA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 106 SOUTH EAST ASIA BATTERY MATERIALSBY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 107 SOUTH EAST ASIA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 108 SOUTH EAST ASIA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 109 SOUTH EAST ASIA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110 SOUTH EAST ASIA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 111 REST OF ASIA PACIFIC BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 112 REST OF ASIA PACIFIC BATTERY MATERIALSBY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 113 REST OF ASIA PACIFIC BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 114 REST OF ASIA PACIFIC BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 115 REST OF ASIA PACIFIC BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 116 REST OF ASIA PACIFIC BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 117 EUROPE BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 118 EUROPE BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 119 EUROPE BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 120 EUROPE BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 121 EUROPE BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 122 EUROPE BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 123 EUROPE BATTERY MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 124 EUROPE BATTERY MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 125 GERMANY BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 126 GERMANY BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 127 GERMANY BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 128 GERMANY BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 129 GERMANY BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 130 GERMANY BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 131 UK BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 132 UK BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 133 UK BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 134 UK BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 135 UK BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136 UK BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 137 FRANCE BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 138 FRANCE BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 139 FRANCE BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 140 FRANCE BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 141 FRANCE BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 142 FRANCE BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 143 ITALY BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 144 ITALY BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 145 ITALY BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 146 ITALY BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 147 ITALY BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 148 ITALY BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 149 SPAIN BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 150 SPAIN BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 151 SPAIN BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 152 SPAIN BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 153 SPAIN BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 154 SPAIN BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 155 RUSSIA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 156 RUSSIA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 157 RUSSIA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 158 RUSSIA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 159 RUSSIA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 160 RUSSIA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 161 REST OF EUROPE BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 162 REST OF EUROPE BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 163 REST OF EUROPE BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 164 REST OF EUROPE BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 165 REST OF EUROPE BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 166 REST OF EUROPE BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 167 MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 168 MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 169 MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 170 MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 171 MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 172 MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 173 MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 174 MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 175 UAE BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 176 UAE BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 177 UAE BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 178 UAE BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 179 UAE BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 180 UAE BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 181 SAUDI ARABIA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 182 SAUDI ARABIA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 183 SAUDI ARABIA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 184 SAUDI ARABIA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 185 SAUDI ARABIA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 186 SAUDI ARABIA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 187 SOUTH AFRICA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 188 SOUTH AFRICA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 189 SOUTH AFRICA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 190 SOUTH AFRICA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 191 SOUTH AFRICA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 192 SOUTH AFRICA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 193 REST OF MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 194 REST OF MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY BATTERY TYPE (KILOTONS), 2020-2029
TABLE 195 REST OF MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY MATERIAL TYPE (USD BILLION), 2020-2029
TABLE 196 REST OF MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY MATERIAL TYPE (KILOTONS), 2020-2029
TABLE 197 REST OF MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 198 REST OF MIDDLE EAST AND AFRICA BATTERY MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL BATTERY MATERIALS BY BATTERY TYPE, USD BILLION, 2020-2029
FIGURE 9 GLOBAL BATTERY MATERIALS BY MATERIAL TYPE, USD BILLION, 2020-2029
FIGURE 10 GLOBAL BATTERY MATERIALS BY APPLICATION, USD BILLION, 2020-2029
FIGURE 11 GLOBAL BATTERY MATERIALS BY REGION, USD BILLION, 2020-2029
FIGURE 12 PORTER’S FIVE FORCES MODEL
FIGURE 13 GLOBAL BATTERY MATERIALS MARKET BY REGION 2021
FIGURE 14 GLOBAL BATTERY MATERIALS MARKET BY MATERIAL TYPE 2021
FIGURE 15 GLOBAL BATTERY MATERIALS MARKET BY BATTERY TYPE 2021
FIGURE 16 GLOBAL BATTERY MATERIALS MARKET BY APPLICATION 2021
FIGURE 17 MARKET SHARE ANALYSIS
FIGURE 18 ALBEMARLE: COMPANY SNAPSHOT
FIGURE 19 CHINA MOLYBDENUM CO. LTD: COMPANY SNAPSHOT
FIGURE 20 GAN FENG LITHIUM CO. LTD: COMPANY SNAPSHOT
FIGURE 21 GLENCORE PLC: COMPANY SNAPSHOT
FIGURE 22 LIVENT CORPORATION: COMPANY SNAPSHOT
FIGURE 23 Â NORLISK NICKEL.: COMPANY SNAPSHOT
FIGURE 24 SHERITT INTERNATIONAL CORPORATION: COMPANY SNAPSHOT
FIGURE 25 SQM: COMPANY SNAPSHOT
FIGURE 26 TARGRAY TECHNOLOGY INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 27 TECK RESOURCES: COMPANY SNAPSHOT
FIGURE 28 TIANQI LITHIUM: COMPANY SNAPSHOT
FIGURE 29 VALE S.A.: COMPANY SNAPSHOT
FAQ
The Battery materials market size is expected to reach above USD 77.93 billion by 2029 from USD 50.28 billion in 2021.
Asia Pacific held more than 44% of the Battery materials market revenue share in 2021 and will witness expansion in the forecast period.
The battery materials market is primarily driven by the growing demand for batteries in various applications, including electric vehicles (EVs), consumer electronics, grid energy storage, and renewable energy systems.
On the basis of application battery materials market is segmented into Portable Device, Electric Vehicle, Industrial, Automotive. In terms of application, the consumer electronics sector dominated the market for battery materials in 2021. The consumer electronics market has expanded as a result of the enormous demand for a wide range of consumer electronics among the world’s population. Consumers’ changing lifestyles, increased disposable income, technical breakthroughs, and rising spending on home renovation items are just a few of the key elements driving global demand for diverse consumer electronic devices.
The Asia Pacific region is the largest and fastest-growing market for battery materials, driven by the increasing demand for electric vehicles (EVs) and consumer electronics, as well as the shift towards renewable energy systems. The largest suppliers of battery materials in the Asia Pacific region are nations like China, Japan, South Korea, and India.
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