Battery Materials Market by Battery Type (Lithium Ion, Lead Acid, and Others) and Application (Automobile Industry, Household Appliances, Electronics Industry, Other): Opportunity Analysis and Industry Forecast, 2021–2030
The global battery materials market was valued at $45.6 billion in 2020, and is projected to reach $80.5 billion by 2030, growing at a CAGR of 5.9% from 2021 to 2030. Battery materials are the starting material in the upstream battery production. It mainly consists of lithium, nickel, and cobalt among others. These metals are mined by major mining companies before being processed in to metal compounds and precursors. Battery metal precursors are used for making electrolytes and anodes. Lithium can be mined from close to 100 different mineral ores, however, spodumene, lepidolite, petalite, amblygonite, and eucryptite are the five main sources of Lithium metal. In addition, there are sources of obtaining battery materials such as brines. The annually growing electric vehicle market, ongoing surge in consumer electronics market for smartphones and laptops owing to rising consumer incomes, and increasing demand for energy storage systems in power generation and utilities segments is driving the global market for battery materials. The global electric vehicle (EV) market is gaining from the global trend of shifting towards away from conventional fuels and moving towards renewable energy and has further strengthened its presence in the mainstream automotive market. New manufacturing plants and development centres means more stimulus for battery materials development. In addition, battery manufacturers are expected to collaborate with battery metal suppliers to strengthen the supply of battery metals that are projected to face a shortage in the future. All such factors will impact the battery metals supply chain positively, thus driving the global battery materials market during the forecast period. Moreover, the growth of the market is presently driven by the electronics chain that has adopted new product launches to sustain market competition. This means that new smartphones and laptops are launched annually or even quarterly to gain market share. Products are launched with added battery capacity as a result of proactive research & development in battery materials. In the power generation and storage industry, the demand for battery backup and storage will gain more focus during the forecast period as countries increase their engagement in solar energy and wind energy. However, mining of metals has detrimental affects on the environment that could hamper the procurement of new mines in the future. This could mean a scarcity of the battery metals, thus impacting the market growth of the battery materials market. In addition, metals used in batteries such as Lithium and Nickel are majorly concentrated in countries such as China, Australia, and Democratic Republic of the Congo (DRC). This creates a supply shortage risk if any export restriction is brought into action. This could hamper the global battery materials market during the forecast period. On the contrary, new technologies in electronics and semiconductor industries will help in developing new products and offer fresh opportunities for the battery materials market during the forecast period. Moreover, investments in upstream mining sector to increase output will aid in securing the supply of these materials in the future. This is evident from various agreements and partnerships by various suppliers of battery materials. For instance, Livent Corporation announced a collaboration with E3 Metals Corp. in 2019 to develop E3 Metals’ proprietary direct lithium extraction process.
The global battery materials market is segmented into battery type, application, and region. On the basis of product type, the global battery materials market is segmented into lithium ion, lead acid, and others. Application of battery materials include automobile industry, household appliances, electronics industry, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by LAMEA and Europe. The major companies profiled in this report 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.
These players operate mines and refining operations in major parts of the world and are well positioned in the battery materials supply chain. The global battery materials market report provides in-depth competitive analysis as well as profiles of these major players.
1.1. Key benefits for stakeholders • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building. • It outlines the current trends and future estimations of the market from 2021 to 2030to understand the prevailing opportunities and potential investment pockets. • The major countries in the region have been mapped according to their individual revenue contribution to the regional market. • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study. • The profiles of key players and their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS • By Battery Type • Lithium Ion • Lead Acid • Others • By End use Industry • Automobile Industry • Household Appliances • Electronics Industry • Others • By Region • North America o U.S. o Canada o Mexico • Europe o France o Germany o UK o Spain o Italy o Rest of Europe • Asia-Pacific o India o China o Japan o Korea o Australia o Rest of Asia-Pacific • LAMEA o Brazil o Saudi Arabia o South Africa o Rest of LAMEA
Key players in the global battery materials market are: 1. Albemarle 2. China Molybdenum Co. Ltd. 3. Gan feng Lithium Co., Ltd. 4. Glencore PLC 5. Livent Corporation 6. Norlisk Nickel 7. Sheritt International Corporation 8. SQM 9. Targray Technology International Inc. 10. Teck Resources 11. Tianqi Lithium 12. Vale S.A.
Our reports have been used by over 10K customers, including:
Report Scope: The scope of this report is broad, covering several product areas.The individual materials, hardware and software product segments are presented in terms of market size and revenue trends. The revenue forecasts are explained in terms of the key market issues for that product segment and are projected...
The global automotive electronics market reached a value of US$ 272.3 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 415.6 Billion by 2027, exhibiting a CAGR of 7.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect...
175 pages •
By The Business Research Company
• Mar 2022
Major players in the electricity and signal testing instruments market are Fortive Corporation, Rohde & Schwarz GmbH & Co, Anritsu Corporation, Advantest Corp, Teradyne Inc and Good Will Instruments. The global electricity and signal testing instruments market is expected to grow from $55.91 billion in 2021 to $60.53 billion in 2022...
120 pages •
By Infiniti Research Limited
• May 2022
Global Alnico Magnets Market 2022-2026 The analyst has been monitoring the alnico magnets market and it is poised to grow by $ 434.71 mn during 2022-2026, accelerating at a CAGR of 8.26% during the forecast period. Our report on the alnico magnets market provides a holistic analysis, market size and forecast, trends, growth...
120 pages •
By Infiniti Research Limited
• Apr 2022
Global Contract Packaging Market 2022-2026 The analyst has been monitoring the contract packaging market and it is poised to grow by $ 17.29 bn during 2022-2026, accelerating at a CAGR of 6.3% during the forecast period. Our report on the contract packaging market provides a holistic analysis, market size and forecast,...
The global thermal interface materials market reached a value of US$ 2.87 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 5.03 Billion by 2027, exhibiting at a CAGR of 9.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect...
120 pages •
By Infiniti Research Limited
• Mar 2022
Global Bonded Abrasives Market 2022-2026 The analyst has been monitoring the bonded abrasives market and it is poised to grow by $ 4.7 bn during 2022-2026 progressing at a CAGR of 4.62% during the forecast period. Our report on bonded abrasives market provides a holistic analysis, market size and forecast, trends, growth...
The Global Servo Press Market size is expected to reach $865.6 million by 2027, rising at a market growth of 4.6% CAGR during the forecast period. Forging, moulding, punching, and metal shaping are all done using servo presses. Servo presses use high-performance servo motors to give a faster sliding rate than traditional hydraulic presses...
The 3D metrology market is projected to grow from USD 10.6 billion in 2022 and is projected to reach USD 15.9 billion by 2027; it is expected to grow at a CAGR of 8.4 % from 2022 to 2027. The growing use of 3D data for modeling and analysis in various industries, increased research and development (R&D) investments in 3D metrology is expected...
468 pages •
By Global Industry Analysts
• Feb 2022
Abstract: What`s New for 2022? -Global competitiveness and key competitor percentage market shares -Market presence across multiple geographies - Strong/Active/Niche/Trivial -Online interactive peer-to-peer collaborative bespoke updates -Access to our digital archives and MarketGlass...
Oil And Gas
Electric Power Generation
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.