Battery Materials Market Size 2021, Statistics, Size, Share, Regional Analysis, Industry Forecast to 2027 | Top Key Players – Toray Industries, Umicore, Asahi Kasei, etc

Research Reports

Jan 28, 2021

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The battery materials market is expected to reach USD 84.40 Billion by 2026, according to a new report by Reports and Data. With growing sustainability trends, electric vehicles have been endeavoring a positive growth trend due to increasing demand for lithium-ion batteries. Lead-acid batteries were earlier used as a backup in electric vehicles but now are substituted with the former one associated with lower charging capabilities and legal controversies regarding the lead-acid batteries. The self-sustainability of battery raw materials is a crucial factor that is propelling the global market. The supplies of raw materials needed for manufacturing batteries such as manganese, natural graphite, and nickel are extremely concentrated in a few countries.

The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Battery Materials market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Battery Materials business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.

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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Battery Materials in the coatings and paints are driving the market. The increasing usage of bio-based Battery Materials will also supplement Battery Materials market revenue share through 2027

Further key findings from the report suggest

The Battery Materials Market is estimated to reach USD 84.40 Billion by 2026, at a CAGR of 8.3% during the forecast period.

The Lead-acid product accounts for a larger share of 59.7% of the market in 2018.

The metal material is anticipated to grow at the highest rate of 8.4% during the forecast period.

The automotive application segment is anticipated to grow at the highest rate of 8.5% during the forecast period.

The secondary battery type is anticipated to grow at a higher rate of 8.6% during the forecast period.

North America region accounts for a share of 21.3% of the market in 2018.

Various players are developing strategies to mark their presence in the industry.

For example, GEM, a Chinese battery materials producer, has acknowledged an MOU with ECOPRO (South Korea) on 4 January 2019, to supply 170tk of nickel-cobalt-aluminum oxide (NCA) over the next five years. The deal involves the supply of 16kt in 2019, expanding to 24kt in 2020 and 40kt in 2021.

Competitive Terrain:

The global Battery Materials market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.

The leading companies operating across the global Battery Materials market are listed below:

Toray Industries, Umicore, Asahi Kasei, Mitsubishi Chemical, Henan Yuguang, Glencore, Nyrstar, Sumitomo Metal Mining, Hitachi Chemical, POSCO, and Johnson Matthey.

Product Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

Lead-acid

Lithium-ion

Material Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

Metals

Chemical

Others

Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

EVs

Automotive Batteries

Portable Devices

Industrial

Other

Battery Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

Primary Battery

Secondary Battery

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Key Takeaways from the Global Battery Materials Market report:

The global Battery Materials market report entails a broad product segmentation.

It methodically evaluates the overall product expanse of this business space.

The report covers pivotal information about the accrued market share of each product type, their profit estimations, and production growth graph.

The report provides the reader with a generic summary of the application gamut of the global Battery Materials market.

The report further details the market share and product demand for each application segment.

The study estimates the growth rate of each application segment over the projected timeframe.

Moreover, the report offers crucial information on the different parameters boosting the global market expansion, such as raw material production and market concentration rates.

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Battery Materials Market Segmentation & Impact Analysis

Chapter 5. Battery Materials Market, By Type Insights & Trends

Chapter 6. Battery Materials Market, By Application Insights & Trends

Chapter 7. Battery Materials Market, By End Use Insights & Trends

Chapter 8. Battery Materials Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles

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