The global battery materials market is expected to reach USD 89.75 Billion by 2027, according to a new report by Emergen Research. The battery materials market is experiencing a rapid growth rate attributable to the growing demand for lead-acid and lithium-ion batteries, among others in applications such as consumer electronics, automotive, and grid storage, among others. The demand for lithium-ion batteries has witnessed a spiraling growth, owing to a surge in demand for laptops and smart devices such as smartphones and tablets in recent years. The global increase in the overall shipment units of smartphones is fuelling the sale lithium-ion (Li-ion) battery materials for its rechargeable characteristics.
The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. The latest research report can be viewed as a valuable source of viable data and information pertaining to this particular business vertical. It provides a complete overview of the Battery Materials industry, considering the future growth analysis, demand, and supply graphs, as well as historical and future costs and revenue generation.
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The growing demand for lithium-ion batteries for energy storage and renewable energy is a significant factor in driving the battery materials market growth. Battery energy storage systems are deployed for storage of generated electrical power in power plants, mostly renewable power plants. Batteries are beneficial in observing and regulating the electrical energy with precision by aiding customers to decrease the cost incurred in energy consumption and offer a power pack-up for critical loads. Energy storage systems find widespread usage in commercial and industrial applications.
The global Battery Materials market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions.
With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner.
Key participants include Asahi Kasei Corporation, Hitachi Chemicals, Umicore, POSCO, Mitsui Mining & Chemical Company, Johnson Matthey, Kureha Corporation, Mitsubishi Chemical Holdings, Toray, and Dow Chemical, among others.
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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
By application, consumer electronics contributed to the largest market share in 2019. Growing demand for laptops, UPS, and smart devices, among other consumer electronics devices that require batteries for operation and or portability, is driving the demand for battery materials.
- Battery Type Outlook (Revenue, USD Billion; 2017-2027)
- Material Type Outlook (Revenue, USD Billion; 2017-2027)
- Metal & Metal Oxides
- Other Chemical Compounds
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Consumer Electronics
- Grid Storage
The market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
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The market in North America held the second-largest battery materials market share in 2019 and is estimated to grow at a rate of 7.1% in the forecast period. The high demand in the region is due to the growing adoption of electric vehicles, especially in the US. Further the growing storage requirements from renewable energy generation plants is causative of the market growth.
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Key questions addressed in the report:
- What are the key factors driving the global Battery Materials market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global Battery Materials market?
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Global Battery Materials Market Report – Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Battery Materials Market Segmentation & Impact Analysis
4.1. Battery Materials Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. A high demand for smart devices
126.96.36.199. Growing demand for electric vehicles
4.2.3. Market restraints analysis
188.8.131.52. Lack of charging support for electric vehicles across the world
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Battery Materials Market By Battery Type Insights & Trends, Revenue (USD Million)
5.1. Battery Type Dynamics & Market Share, 2019 & 2027
Chapter 6. Battery Materials Market By Material Type Insights & Trends Revenue (USD Million)
6.1. Materials Type Dynamics & Market Share, 2019 & 2027
6.1.1. Metal & Metal Oxides
6.1.2. Other Chemical Compounds
Chapter 7. Battery Materials Market By Application Insights & Trends Revenue (USD Million)
7.1. Application Dynamics & Market Share, 2019 & 2027
7.1.1. Consumer Electronics
7.1.3. Grid Storage
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