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Battery Materials - Global Market Trajectory & Analytics

  • ID: 4804360
  • Report
  • April 2021
  • Region: Global
  • 284 Pages
  • Global Industry Analysts, Inc
Global Battery Materials Market to Reach $75.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Battery Materials estimated at US$45.8 Billion in the year 2020, is projected to reach a revised size of US$75.2 Billion by 2027, growing at a CAGR of 7.3% over the analysis period 2020-2027. Lead-Acid, one of the segments analyzed in the report, is projected to record a 7.1% CAGR and reach US$35.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lithium-Ion segment is readjusted to a revised 7.8% CAGR for the next 7-year period.



The U.S. Market is Estimated at $12.4 Billion, While China is Forecast to Grow at 11% CAGR

The Battery Materials market in the U.S. is estimated at US$12.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$16.6 Billion by the year 2027 trailing a CAGR of 11.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Other Battery Types Segment to Record 7.1% CAGR

In the global Other Battery Types segment, USA, Canada, Japan, China and Europe will drive the 6.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.1 Billion in the year 2020 will reach a projected size of US$8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.4 Billion by the year 2027, while Latin America will expand at a 8.4% CAGR through the analysis period.

Select Competitors (Total 41 Featured):
  • Asahi Kasei Corporation
  • BASF SE
  • DowDuPont, Inc.
  • Entek International
  • Gravita India Limited
  • Hitachi Chemical Co., Ltd.
  • Johnson Matthey PLC
  • Kureha Corporation
  • Mitsubishi Chemical Corporation
  • Mitsui Mining & Smelting Co., Ltd.
  • NEI Corporation
  • Nexeon Limited
  • Nichia Corporation
  • POSCO
  • Pulead Technology Industry Co., Ltd.
  • Shanshan Technology
  • Showa Denko K.K.
  • Sumitomo Corporation
  • TANAKA CHEMICAL CORP.
  • Toda Kogyo Corp.
  • Toray Industries, Inc.
  • UBE Industries Ltd.
  • Umicore NV/SA
  • Zhangjiagang Guotai Huarong Chemical New Material Co., Ltd.
Frequently Asked Questions about the Global Market for Battery Materials

What is the estimated value of the Global Market for Battery Materials?

The Global Market for Battery Materials was estimated to be valued at $45.8 Billion in 2020.

What is the growth rate of the Global Market for Battery Materials?

The growth rate of the Global Market for Battery Materials is 7.3%, with an estimated value of $75.2 Billion by 2027.

What is the forecasted size of the Global Market for Battery Materials?

The Global Market for Battery Materials is estimated to be worth $75.2 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Introduction
  • Battery Applications
  • Exhibit 1: Global Battery Demand by Application Sector (2016-2030)
  • Impact of Covid-19 and a Looming Global Recession
  • Evolution of New Battery Materials and Technologies
  • Rise in Popularity of EVs and Impact on Battery Materials
  • Exhibit 2: Changing Battery Chemistry Dynamics in EVs (in %): 2016-2025
  • Cobalt Supply Demand Assessment
  • Exhibit 3: Global Cobalt Supply- Demand Balance (in Kilo Tons): 2016-2025
  • Implication of Increasing EV Adoption on the Nickel Market
  • Exhibit 4: Global Nickel Supply- Demand Balance (in Kilo Tons): 2016-2025
  • Changing EV Landscape: A Review
  • Exhibit 5: Global Electric Vehicle Production Forecasts by Type: 2015-2030
  • Exhibit 6: Share of Electric Vehicle of Total Passenger Vehicle Market: 2015-2030
  • Exhibit 7: EV Supply Demand Balance: 2018-2030 (in Million Units)
  • Mining Companies Raise Production Capacity to Meet the Growing Demand for EVs
  • Potential Material Shortage to Trigger OEM Investments in Mining
  • Exhibit 8: Global Demand for Metals by Type: 2018
  • Changing Trends in the Lithium ion Battery landscape
  • Exhibit 9: Global Lithium Supply- Demand Balance (in Kilo Tons): 2016-2025
  • Exhibit 10: Global Lithium Production by Region/Country: 2018
  • Exhibit 11: Global Lithium Reserves by Region/Country: 2018
  • A Note on Lithium Ion Battery Recycling
  • Rapid Growth in Consumer Electronics Generates Robust Demand for Battery Materials
  • Solid State Batteries Attract Interest to Address Limitations of Existing Battery Technologies
III. MARKET ANALYSIS
  • China’s Subsidy Cuts for EVs Pushes Demand for Li Batteries
  • Battery Production Landscape in Europe
IV. COMPETITION
  • Total Companies Profiled: 41
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