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 most prevalent types of batteries available in the market are Lead-Acid, Lithium-ion (Li-ion), Nickel-Metal Hydride (Ni-MH), Nickel Cadmium (Ni-Cd), and others. Several battery materials present different performance characteristics to the batteries, and they are chosen based on the type and application of the battery.
The market in the APAC region is expected to witness the highest CAGR of 8.5% during the forecast period. With the productive government schemes for electric vehicles adoption, the region is expected to grow the manufacturing of EV in the countries of Asia-Pacific, and thus, in turn, is anticipated to fuel the market for battery materials in the automotive industry in the region. For example, the Indian government has signed USD 1,445 million for the phase two of FAME India (Faster Adoption and Manufacturing of Electric Vehicles in India) policy on 1 March 2019, to encourage the use of electric vehicles in the country. Moreover, accelerated industrialization in the region is adding to the product’s market growth.
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Market analysts at Reports and Data estimate that the global power energy market will reach a huge market size of USD XX billion by 2026, with a CAGR of XX% throughout the forecast period. As the global population grows, urbanization is speeding up, industrial operations are on the rise, electricity power demand is increasing substantially, and energy resources are being used more widely for residential, industrial and commercial purposes. These factors all contribute to the global market revenue growth. A growing number of government investments in the energy and power industry, the increase in power energy generation activities, the rise in oil gas production and exploration, the rapid adoption of renewable and sustainable energy resources, and their increasing use in manufacturing, transportation logistics, healthcare, information technology, and agriculture contribute to revenue growth for this industry.
Some of the Leading Market Players Are Listed Below:
- Toray Industries,
- Umicore,
- Asahi Kasei,
- Mitsubishi Chemical,
- Henan Yuguang,
- Glencore,
- Nyrstar,
- Sumitomo Metal Mining,
- Hitachi Chemical,
- POSCO,
- Johnson Matthey.
The Global Battery Materials Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Segmentation:
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
Key Points Explained in the Regional Outlook Section:
- Regional market revenue share over the forecast period
- Key factors contributing to the regional market growth over the forecast period
- Vital information related to each regional market
- Leading companies in each regional market, as well as the leading products of these companies
- Detailed study of the supply demand ratios and production consumption patterns in each regional market
Global Battery Materials Market Report – Table of Contents:
Report Overview:
- Research Scope
- Key market segments
- Leading market players
- Market segmentation by type
- Market segmentation by application
- Market segmentation by geography
- Key learning objectives
- Report timeline
Market Segmentation:
- 1 Global Battery Materials market sales by product type
- 2 Global Battery Materials market revenue by application type
Competitive Overview:
- Global Battery Materials market size by manufacturer
- Global Battery Materials market key players
- Products/solutions/services by the major players
- New market entrants
- Mergers, acquisitions, joint ventures, and expansion strategies
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