Overview

Battery Raw Materials Market Introduction:

Battery raw materials market is estimated to value over US$ 68.57 Billion by 2027 end and register a CAGR of over 7.4% from the forecast period 2020-2027.

The global battery raw materials market is anticipated to expand substantially due to increasing industrial applications. In recent years, the market has seen fast development and is expected to expand at a significant pace in the future.

The sector is being driven by increasing industrialization in developing nations, the increasing mobile market and laptops, and automobile industries. The worldwide battery commodities industry will face challenges as prices for important raw products such as lithium, lead, cobalt, and magnesium rise. The suppliers of battery raw materials can seize a great chance on the worldwide market through the improvement of quality and effectiveness of power and storage raw materials. Rising usage of renewable sources of energy is also driving the growth of the market.

The market is bifurcated into on the basis of li-ion battery material, application, and region. On the basis of li-ion battery material, the market is classified into cathode, anode, separator. Nickel cobalt manganese oxide with cathode materials is expected to burgeon the market. It's widely used in electric vehicles and is expected to have a positive influence on the market. Rechargeable lithium-ion batteries are used extensively because of its environmentally friendly feature.

Based on application, the market is segmented into consumer electronics, automotive, grid storage and others. The efforts of governments to reduce fuel consumption by launching incentives for the electric vehicle have fueled the growth of the market. Automotive and consumer electronics is expected to be in the front runner of the market during the forecast period. The rising number of demand for laptops, smartphones, and smart gadgets is elevating the market. Accessible charging infrastructure in public places is also accelerating the growth of the segment.

Additional Insights:

Vanadium flow technology is the latest innovation in the market. The technology is forecasted to be in demand during the forecast period 2019-2029. It's vastly for storage of energy applications in households. It's made of nanomaterial and offers double power density over other batteries

Established players of the market include:

VARTA Consumer Batteries GmbH & Co., BYD Company Limited, Battery Technology, Inc., FDK Corporation and LG Chem among others.

Battery Raw Materials Market Segmentation:

By Li-ion battery material

Cathode
Anode
Separator

By Application

Consumer electronics
Automotive
Grid storage
Others

By Region

North America
Latin America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Key Takeaways:

Consumer electronics is expected to drive the growth of the market during the forecast period.
Government regulations alongside the expansion of the market remain the key reason behind the positive influence of consumer electronics.

Objectives of the Study:

To provide with an exhaustive analysis on the global battery raw materials market by application, li-ion battery, by EV type and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies