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Battery Metals Market - A Global and Regional Analysis, 2023-2033

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    Report

  • 162 Pages
  • November 2023
  • Region: Global
  • BIS Research
  • ID: 5910230
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The global battery metals market is estimated to grow to more than $28 billion by 2033 growing at a CAGR of more than 8% between 2023 and 2033. The battery metals market is influenced by factors such as technological advancements, government policies promoting renewable energy and electric vehicles, and the evolving landscape of energy storage solutions. As demand for electric vehicles continues to rise and renewable energy projects expand, the demand for battery metals is expected to grow substantially.

Introduction to Battery Metals Market

The battery metals market is a crucial sector within the broader global commodities market, driven by the increasing demand for batteries in various industries, particularly in the electric vehicle (EV) and renewable energy sectors. Battery metals are essential components of rechargeable batteries, which power a wide range of devices, from smartphones to electric cars and grid-scale energy storage systems.

Overall, the battery metals market is a dynamic and evolving sector, driven by the increasing electrification of transportation and the growing demand for renewable energy storage solutions. As technology advances and sustainability concerns become more prominent, the market is likely to undergo significant changes in the coming years.

Market Segmentation:

Segmentation 1: by End Users

  • Transportation
  • Consumer Electronics
  • Energy Storage Systems
  • Others

Segmentation 2: by Metal Type

  • Lithium
  • Nickel
  • Cobalt
  • Others

Segmentation 3: by Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest-of-the-World
The report provides data for each of these regions, with in-depth country-level analysis, all covering the period from 2022 to 2033.

How can this report add value to an organization?

Product/Innovation Strategy: The global battery metals market has been extensively segmented based on various categories, such as metal type and end users. This can help readers get a clear overview of which segments account for the largest share and which ones are well-positioned to grow in the coming years.

Growth/Marketing Strategy: The global battery metals market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture.

Competitive Strategy: Key players in the global battery metals market analyzed and profiled in the study involve established and emerging players. Moreover, a detailed competitive benchmarking of the players operating in the global battery metals market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.

Some of the prominent names established in this market are:

  • Glencore
  • Albemarle Corporation
  • Umicore
  • Tinaqi Lithium
  • Norilsk Nickel
  • Ganfeng Lithium Co., Ltd.
  • LG Chem
  • Sumitomo Metal Mining Co. Ltd.
  • Vale
  • Bolt Metals
  • MITSUBISHI MATERIALS
  • CMOC
  • SQM S.A.
  • Eramet
  • AngloAmerican PLC

Key Questions Answered

  • What are the main factors driving the demand for battery metals market?
  • What are the major patents filed by the companies active in the global battery metals market?
  • What are the strategies adopted by the key companies to gain a competitive edge in battery metals industry?
  • What is the futuristic outlook for the battery metals market in terms of growth potential?
  • Which end users, and metal type is expected to lead the market over the forecast period (2023-2033)?
  • What could be the impact of growing electric vehicles on battery metals market?
  • Who are the prominent players catering to the demand for the global battery metals market, and what are the key offerings?
  • Which are the emerging battery metals expected to be used in different applications?


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Table of Contents

1 Markets: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.1.1 Increasing Focus on the Recycling of Batteries
1.1.2 Swift Expansion of the Renewable Energy Sector
1.1.3 Growing Demand for High-Nickel Batteries
1.2 Supply Chain Overview
1.2.1 Value chain Analysis
1.2.2 Market Map
1.2.3 Pricing Forecast
1.3 R&D Review
1.3.1 Patent Filing Trend by Country, by Company
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.5.1 Use Case
1.5.2 End User and buying criteria
1.6 Impact analysis for key global events- covid19, Russia/Ukraine or Middle East crisis
1.7 1.3 Data on Metal Mining by Key Regions/Countries
1.8 Case Studies on Emerging Battery Metals
1.9 Key Future Strategies of Sourcing Battery Metals
1.10 Market Dynamics Overview
1.10.1 Market Drivers
1.10.2 Market Restraints
1.10.3 Market Opportunities
2 Application
2.1 Application Segmentation
2.2 Application Summary
2.3 Global Battery Metals Market (by End Users)
2.3.1 Transportation
2.3.1.1 Electric Vehicles
2.3.1.2 Others ( Marine, Aerospace, Others)
2.3.2 Consumer Electronics
2.3.3 Energy Storage Systems
2.3.4 Others
3 Product
3.1 Product Segmentation
3.2 Product Summary
3.3 Global Battery Metals Market (by Metal Type)
3.3.1 Lithium
3.3.2 Nickel
3.3.2 Cobalt
3.3.3 Others
4 Region
4.1 Regional Summary
Table: Global Battery Metals Market, By Region, (Kilo Tons), 2022-2033
Table: Global Battery Metals Market, By Region, ($ Million), 2022-2033
4.2 Drivers and Restraints
4.3 North America
Key Market Participants in North America
Business Drivers
Business Challenges
4.3.1 Application
Table: North America Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: North America Battery Metals Market, By End Users ($ Million), 2022-2033
4.3.2 Product
Table: North America Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: North America Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.3.3 North America Battery Metals Market (by Country)
4.2.4.1 U.S.
Table: U.S. Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: U.S. Battery Metals Market, By End Users ($ Million), 2022-2033
Table: U.S. Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: U.S. Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.2.4.2 Canada
Table: Canada Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: Canada Battery Metals Market, By End Users ($ Million), 2022-2033
Table: Canada Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: Canada Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.2.4.3 Mexico
Table: Mexico Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: Mexico Battery Metals Market, By End Users ($ Million), 2022-2033
Table: Mexico Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: Mexico Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.3 Europe
4.3.1 Key Market Participants in Europe
4.3.2 Business Drivers
4.3.3 Business Challenges
4.3.4 Application
Table: Europe Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: Europe Battery Metals Market, By End Users ($ Million), 2022-2033
4.3.3 Product
Table: Europe Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: Europe Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.3.4 Europe Battery Metals Market (by Country)
4.3.4.1 Germany
Table: Germany Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: Germany Battery Metals Market, By End Users ($ Million), 2022-2033
Table: Germany Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: Germany Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.3.4.2 France
Table: France Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: France Battery Metals Market, By End Users ($ Million), 2022-2033
Table: France Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: France Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.3.4.3 Italy
Table: Italy Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: Italy Battery Metals Market, By End Users ($ Million), 2022-2033
Table: Italy Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: Italy Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.3.4.4 Spain
Table: Spain Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: Spain Battery Metals Market, By End Users ($ Million), 2022-2033
Table: Spain Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: Spain Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.3.4.4 U.K.
Table: U.K. Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: U.K. Battery Metals Market, By End Users ($ Million), 2022-2033
Table: U.K. Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: U.K. Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.3.4.5 Rest-of-Europe
Table: Rest-of-Europe Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: Rest-of-Europe Battery Metals Market, By End Users ($ Million), 2022-2033
Table: Rest-of-Europe Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: Rest-of-Europe Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.4 Asia-Pacific
4.4.1 Key Market Participants in Asia-Pacific
4.4.2 Business Drivers
4.4.3 Business Challenges
4.4.2 Application
Table: Asia-Pacific Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: Asia-Pacific Battery Metals Market, By End Users ($ Million), 2022-2033
4.4.3 Product
Table: Asia-Pacific Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: Asia-Pacific Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.4.4 Asia-Pacific Battery Metals Market (by Country)
4.4.4.1 China
Table: China Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: China Battery Metals Market, By End Users ($ Million), 2022-2033
Table: China Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: China Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.4.4.1 Japan
Table: Japan Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: Japan Battery Metals Market, By End Users ($ Million), 2022-2033
Table: Japan Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: Japan Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.4.4.1 India
Table: India Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: India Battery Metals Market, By End Users ($ Million), 2022-2033
Table: India Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: India Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.4.4.2 South Korea
Table: South Korea Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: South Korea Battery Metals Market, By End Users ($ Million), 2022-2033
Table: South Korea Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: South Korea Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.4.4.3 Australia
Table: Australia Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: Australia Battery Metals Market, By End Users ($ Million), 2022-2033
Table: Australia Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: Australia Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.4.4.4 Rest-of-Asia-Pacific
Table: Rest-of-Asia-Pacific Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: Rest-of-Asia-Pacific Battery Metals Market, By End Users ($ Million), 2022-2033
Table: Rest-of-Asia-Pacific Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: Rest-of-Asia-Pacific Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.4 Rest-of-the-World
4.4.1 Key Market Participants in Rest-of-the-World
4.4.2 Business Drivers
4.4.3 Business Challenges
4.4.2 Application
Table: Rest-of-the-World Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: Rest-of-the-World Battery Metals Market, By End Users ($ Million), 2022-2033
4.4.3 Product
Table: Rest-of-the-World Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: Rest-of-the-World Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.5.5 Rest-of-the-World Battery Metals Market (by Region)
4.5.5.1 The Middle East and Africa
Table: The Middle East and Africa Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: The Middle East and Africa Battery Metals Market, By End Users ($ Million), 2022-2033
Table: The Middle East and Africa Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: The Middle East and Africa Battery Metals Market, By Metal Type ($ Million), 2022-2033
4.5.5.2 South America
Table: South America Battery Metals Market, By End Users (Kilo Tons), 2022-2033
Table: South America Battery Metals Market, By End Users ($ Million), 2022-2033
Table: South America Battery Metals Market, By Metal Type (Kilo Tons), 2022-2033
Table: South America Battery Metals Market, By Metal Type ($ Million), 2022-2033
5 Markets - Competitive Landscape & Company Profiles
5.1 Competitive Landscape
5.2 Company Profile
5.2.1 Glencore
5.2.1.1 Company Overview
5.2.1.1.1 Role of Glencore in Global Battery Metals Market
5.2.1.1.2 Product Portfolio
5.2.1.2 Business Strategies
5.2.1.3 Corporate Strategies
5.2.1.4 Analyst View
5.2.2 Albemarle Corporation
5.2.2.1 Company Overview
5.2.2.1.1 Role of Albemarle Corporation in Global Battery Metals Market
5.2.2.1.2 Product Portfolio
5.2.2.2 Business Strategies
5.2.2.3 Corporate Strategies
5.2.2.4 Analyst View
5.2.3 Umicore
5.2.3.1 Company Overview
5.2.3.1.1 Role of Umicore in Global Battery Metals Market
5.2.3.1.2 Product Portfolio
5.2.3.2 Business Strategies
5.2.3.3 Corporate Strategies
5.2.3.4 Analyst View
5.2.4 Tinaqi Lithium
5.2.4.1 Company Overview
5.2.4.1.1 Role of Tinaqi Lithium in Global Battery Metals Market
5.2.4.1.2 Product Portfolio
5.2.4.2 Business Strategies
5.2.4.3 Corporate Strategies
5.2.4.4 Analyst View
5.2.5 Norilsk Nickel
5.2.5.1 Company Overview
5.2.5.1.1 Role of Norilsk Nickel in Global Battery Metals Market
5.2.5.1.2 Product Portfolio
5.2.5.2 Business Strategies
5.2.5.3 Corporate Strategies
5.2.5.4 Analyst View
5.2.6 Ganfeng Lithium Co., Ltd.
5.2.6.1 Company Overview
5.2.6.1.1 Role of Ganfeng Lithium Co., Ltd. in Global Battery Metals Market
5.2.6.1.2 Product Portfolio
5.2.6.2 Business Strategies
5.2.6.3 Corporate Strategies
5.2.6.4 Analyst View
5.2.7 LG Chem
5.2.7.1 Company Overview
5.2.7.1.1 Role of LG Chem in Global Battery Metals Market
5.2.7.1.2 Product Portfolio
5.2.7.2 Business Strategies
5.2.7.3 Corporate Strategies
5.2.7.4 Analyst View
5.2.8 Sumitomo Metal Mining Co. Ltd.
5.2.8.1 Company Overview
5.2.8.1.1 Role of Sumitomo Metal Mining Co. Ltd. in Global Battery Metals Market
5.2.8.1.2 Product Portfolio
5.2.8.2 Business Strategies
5.2.8.3 Corporate Strategies
5.2.8.4 Analyst View
5.2.9 Vale
5.2.9.1 Company Overview
5.2.9.1.1 Role of Vale in Global Battery Metals Market
5.2.9.1.2 Product Portfolio
5.2.9.2 Business Strategies
5.2.9.3 Corporate Strategies
5.2.9.4 Analyst View
5.2.10 Bolt Metals
5.2.10.1 Company Overview
5.2.10.1.1 Role of Bolt Metals in Global Battery Metals Market
5.2.10.1.2 Product Portfolio
5.2.10.2 Business Strategies
5.2.10.3 Corporate Strategies
5.2.10.4 Analyst View
5.2.11 MITSUBISHI MATERIALS
5.2.11.1 Company Overview
5.2.11.1.1 Role of MITSUBISHI MATERIALS in Global Battery Metals Market
5.2.11.1.2 Product Portfolio
5.2.11.2 Business Strategies
5.2.11.3 Corporate Strategies
5.2.11.4 Analyst View
5.2.12 CMOC
5.2.12.1 Company Overview
5.2.12.1.1 Role of CMOC in Global Battery Metals Market
5.2.12.1.2 Product Portfolio
5.2.12.2 Business Strategies
5.2.12.3 Corporate Strategies
5.2.12.4 Analyst View
5.2.13 SQM S.A.
5.2.13.1 Company Overview
5.2.13.1.1 Role of SQM S.A. in Global Battery Metals Market
5.2.13.1.2 Product Portfolio
5.2.13.2 Business Strategies
5.2.13.3 Corporate Strategies
5.2.13.4 Analyst View
5.2.14 Eramet
5.2.14.1 Company Overview
5.2.14.1.1 Role of Eramet in Global Battery Metals Market
5.2.14.1.2 Product Portfolio
5.2.14.2 Business Strategies
5.2.14.3 Corporate Strategies
5.2.14.4 Analyst View
5.2.15 AngloAmerican PLC
5.2.15.1 Company Overview
5.2.15.1.1 Role of AngloAmerican PLC in Global Battery Metals Market
5.2.15.1.2 Product Portfolio
5.2.15.2 Business Strategies
5.2.15.3 Corporate Strategies
5.2.15.4 Analyst View
5.3 Other Key Market Participants
6 Growth Opportunities & Recommendations7 Research Methodology

Executive Summary

The global battery metals market is estimated to grow to more than $28 billion by 2033, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of more than 8% during the forecast period 2023-2033.

Key Highlights of the Report:

Market Overview:

  • Analysis of the current market size and growth potential.
  • Identification of key market drivers, challenges, and opportunities.
  • Regional analysis to understand market dynamics across different geographies.

Segmentation and Market Share:

  • Detailed segmentation based on metal type and end-use industries.
  • Insights into the market share of major players and emerging trends.

Competitive Landscape:

  • Profiling of major players in the battery metals market.
  • Analysis of competitive strategies, partnerships, and mergers and acquisitions.

Forecast and Outlook:

  • Projection of market trends and growth prospects for the next ten years.
  • Insights into potential disruptions and factors influencing market dynamics.

Analyst Perspective

According to the Principal Analyst, 'Our Battery Metals Market report is a valuable resource for industry professionals, businesses, and investors. It offers a detailed analyst perspective on the market and provides key insights into the future of this dynamic industry.'

Key Companies Operating in the Market

Some of the prominent names established in this market are:

  • Glencore
  • Albemarle Corporation
  • Umicore
  • Tinaqi Lithium
  • Norilsk Nickel
  • Ganfeng Lithium Co., Ltd.
  • LG Chem
  • Sumitomo Metal Mining Co. Ltd.
  • Vale
  • Bolt Metals
  • MITSUBISHI MATERIALS
  • CMOC
  • SQM S.A.
  • Eramet
  • AngloAmerican PLC

Key Questions Answered in the Report

  • What are the main factors driving the demand for battery metals market?
  • What are the major patents filed by the companies active in the global battery metals market?
  • What are the strategies adopted by the key companies to gain a competitive edge in battery metals industry?
  • What is the futuristic outlook for the battery metals market in terms of growth potential?
  • Which end users, and metal type is expected to lead the market over the forecast period (2023-2033)?
  • What could be the impact of growing electric vehicles on battery metals market?
  • Who are the prominent players catering to the demand for the global battery metals market, and what are the key offerings?
  • Which are the emerging battery metals expected to be used in different applications?

Companies Mentioned

  • Glencore
  • Albemarle Corporation
  • Umicore
  • Tinaqi Lithium
  • Norilsk Nickel
  • Ganfeng Lithium Co., Ltd.
  • LG Chem
  • Sumitomo Metal Mining Co. Ltd.
  • Vale
  • Bolt Metals
  • MITSUBISHI MATERIALS
  • CMOC
  • SQM S.A.
  • Eramet
  • AngloAmerican PLC

Table Information

Report AttributeDetails
No. of Pages162
PublishedNovember 2023
Forecast Period2023 - 2033
Estimated Market Value ( USD ) in 2023 $ 13 Billion
Forecasted Market Value ( USD ) by 2033 $ 28 Billion
Compound Annual Growth Rate8.0%
Regions CoveredGlobal
No. of Companies Mentioned15

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About the Market

The Battery Metals market is a subset of the Metals and Minerals industry, focusing on the production and sale of metals used in the manufacture of batteries. These metals include lithium, cobalt, nickel, and graphite, among others. The market is driven by the increasing demand for electric vehicles, consumer electronics, and renewable energy storage solutions. The market is also influenced by the availability of raw materials, technological advancements, and government regulations. Companies in the Battery Metals market include Albemarle Corporation, Glencore, BHP, Rio Tinto, and Vale. Other major players include China Molybdenum, Ganfeng Lithium, and Umicore. Show Less Read more

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