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Market Summary

The battery materials market is expected to reach USD 84.40 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the rising demand from renewable industries for Li-ion technology in emerging economies and growing technological advancements, which are expected to accelerate the market growth globally.

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Battery technologies are an indispensable catalyst for the growth and increased improvements in areas such as electronic devices and battery energy storage (BES) for renewable energy and electric vehicles (EVs). Battery materials are the elements or materials used to produce primary and secondary batteries. It mainly includes an anode, cathode, electrolyte, and battery separators.

The increasing adoption of electric vehicles (EV) is a fundamental trend that will influence the growth of the global market. Developing environmental concerns and change towards a sustainable ecosystem in the automotive industry are promoting the sale of EVs. Since EVs mostly use lithium-ion batteries due to their excellent performance, their sharp uptake creates an essential requirement for recycling of the batteries. The need for self-sustainability concerning the sourcing of battery raw materials coupled with the increasing adoption of electric vehicles will stimulate the market.

The Asia Pacific region accounts for the largest share of 28.3% of the market in 2018. The increased production capacities of dominant companies in the region drives the growth. Some of the factors propelling the growth in the region are developed economic conditions, high disposable incomes, and decreasing consumer electronics cost. Moreover, the consumer electronics sector in Asia-Pacific is provided with various product spectrum and the range of which seems to be growing with the accelerated increase of smart technology is contributing to the product market growth.

Key Coverage of the Report

Region and country wise statistics of Battery Materials Market from the period 2016-2026. While 2016-2017 has been utilized as historical data, 2018 is considered the base year. 2019-2026 have been derived as forecasts.

Estimation of market size along with historic and forecasted trend analysis.

Various Products of Battery Materials Market technique have been analyzed. Statistical analysis has been conducted on obtaining the individual share of these segments.

Regional up-coming Battery Materials Market outlook.

Regional prevalence of the market has been mapped.

Demand and Supply GAP Analysis

Regional Competitors Pricing Strategy

Market share analysis of the top industry players

Strategic recommendations for the new entrants

Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

Strategic recommendations in key business segments based on the market estimations

Competitive landscaping mapping the key common trends

Company profiling with detailed strategies, financials, and recent developments.

Salient Trends of the Battery Materials Market

Rising trends, which have a significant influence on the dynamics of the battery materials industry, include the development of solid state electrolyte and the evolution of sodium-ion batteries.

The current trend observed in the global market is the rising emergence of battery technology as an innovative front line for a sustainable energy revolution.

The growing investment for electric & hybrid vehicles for sustainable plans is presenting a strong demand for Li-ion batteries, which in turn is kindling the growth of the global market.

The expanding electronics industry is observing swelling demand for portable electronics and consumer electronics products, which is battery operated, and thus is providing the product market growth.

Furthermore, technological innovations in Li-Ion batteries are likely to provide substantial growth opportunities for the players operating in the global battery materials market during the forecast period.

Players are embracing several strategies in the market such as mergers & acquisitions, supply/distribution agreements, expansion, and product launches to sustain their market dominance and expand their global presence.

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.

Toyota, Samsung, and Bosch claim that they will be ready to manufacture solid-state batteries before 2020

Companies considered and profiled in this market study

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

Market-O-Nomics

The market is projected to grow at a CAGR of 8.3% in terms of value and reach USD 84.40 billion in 2026.

The Lithium-ion product is expected to grow at a higher rate of 8.5% during the forecast period.

By material, metal accounts the largest share of 39.8% of the market in 2018.

The EVs (electric vehicle) application segment accounts for the largest share of 29.3% of the market in 2018.

The primary battery type accounts the largest share of 59.8% of the market in 2018.

Europe is a prominent market for battery materials on account of the high demand from significant economies such as Russia, Germany, France, Italy, and the UK. The market in this region is expected to witness a CAGR of 8.5%. The robust automotive and electronics industry of Germany is expected to exhibit a high demand during the forecast period.

Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026.

For the purpose of this study, Reports and Data have segmented the market on the basis of Product, Material, Application, Battery Type, and region:

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

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

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

North America U.S.

Europe France UK

Asia Pacific China India Japan

Latin America Brazil

Middle East & Africa