The electric vehicle (EV) battery cell and pack materials market size has grown rapidly in recent years. It will grow from $19.14 billion in 2025 to $21.97 billion in 2026 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to ev adoption growth, lithium-ion dominance, demand for longer driving range, early battery gigafactory investments, consumer electronics crossover.
The electric vehicle (EV) battery cell and pack materials market size is expected to see rapid growth in the next few years. It will grow to $38.02 billion in 2030 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to solid-state battery commercialization, raw material diversification, battery cost reduction, recycling mandates, domestic battery manufacturing incentives. Major trends in the forecast period include shift toward advanced battery chemistries, rising demand for high-energy-density cells, localization of battery supply chains, growth of solid-state research, expansion of ev battery recycling.
The upsurge in automobile production is expected to drive the growth of the electric vehicle (EV) battery cell and pack materials market going forward. Automobile production refers to the design, manufacturing, and assembly of motor vehicles, including passenger cars, commercial trucks, and other transport vehicles. The rise in automotive production is driven by increasing global consumer demand, rapid technological advancements in manufacturing, and supportive government policies and incentives. As more consumers gain the ability to afford vehicles, manufacturers scale production to meet the growing market, thereby boosting overall automobile output. The increase in EV production encourages innovation in battery technologies, prompting manufacturers to invest in more efficient battery materials to meet higher energy demands. For instance, in 2023, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), a France-based international association of automobile manufacturers, global vehicle production reached 93.55 million units, up from 85.02 million units in 2022. Therefore, the surge in automobile production is driving growth in the EV battery cell and pack materials market.
Major companies in the EV battery cell and pack materials market are focusing on innovative technologies, such as LFP technology, to improve battery safety, lifespan, and cost-effectiveness. LFP (lithium iron phosphate) technology is known for its high safety, long lifecycle, thermal stability, and affordability in electric vehicles and energy storage. For instance, in August 2023, Contemporary Amperex Technology Co. Limited (CATL), a China-based battery manufacturer, introduced Shenxing, the world’s first 4C superfast charging LFP battery. This battery enables electric vehicles to achieve a 400 km driving range with just a 10-minute charge and over 700 km on a full charge. It is designed to address charging speed concerns, making EVs more practical for daily use. Shenxing incorporates advanced LFP technology to enhance safety, efficiency, and longevity, representing a significant step forward in fast-charging solutions for the electric vehicle industry.
In February 2024, Volvo Group, a Sweden-based automotive and transport manufacturing and infrastructure solutions company, acquired Proterra Inc.’s battery business for USD 210 million. This acquisition aims to accelerate Volvo’s battery-electric vehicle roadmap by integrating advanced EV battery module and pack development capabilities. Proterra Inc., a U.S.-based electric vehicle and EV-battery technology company, specializes in designing and manufacturing battery systems (modules and packs) for heavy-duty commercial vehicles.
Major companies operating in the electric vehicle (ev) battery cell and pack materials market report include Ford Motor Company, BYD Company Limited, Panasonic Industry Co. Ltd., SK Innovation Co. Ltd., Contemporary Amperex Technology Co. Ltd., LG Chem Ltd., EVE Energy Co. Ltd., Gotion High-Tech Co. Ltd., Envision AESC Group Ltd., Samsung SDI Co. Ltd., Northvolt AB, QuantumScape Corporation, Farasis Energy (Ganzhou) Co. Ltd., Microvast Holdings Inc., ProLogium Technology Co. Ltd., Grepow Battery Co. Ltd., China Aviation Lithium Battery Co. Ltd., Solid Power Inc., StoreDot Ltd., Imperium3 (iM3) Consortium, Amperex Technology Limited (ATL), SVOLT Energy Technology Co. Ltd.
Asia-Pacific was the largest region in the electric vehicle (EV) battery cell and pack materials market in 2025. The regions covered in the electric vehicle (ev) battery cell and pack materials market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric vehicle (ev) battery cell and pack materials market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electric vehicle (EV) battery cell and pack materials market consists of sales of cathode materials, anode materials, electrolytes, separators, casings, and battery management components. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The electric vehicle (EV) battery cell and pack materials market size is expected to see rapid growth in the next few years. It will grow to $38.02 billion in 2030 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to solid-state battery commercialization, raw material diversification, battery cost reduction, recycling mandates, domestic battery manufacturing incentives. Major trends in the forecast period include shift toward advanced battery chemistries, rising demand for high-energy-density cells, localization of battery supply chains, growth of solid-state research, expansion of ev battery recycling.
The upsurge in automobile production is expected to drive the growth of the electric vehicle (EV) battery cell and pack materials market going forward. Automobile production refers to the design, manufacturing, and assembly of motor vehicles, including passenger cars, commercial trucks, and other transport vehicles. The rise in automotive production is driven by increasing global consumer demand, rapid technological advancements in manufacturing, and supportive government policies and incentives. As more consumers gain the ability to afford vehicles, manufacturers scale production to meet the growing market, thereby boosting overall automobile output. The increase in EV production encourages innovation in battery technologies, prompting manufacturers to invest in more efficient battery materials to meet higher energy demands. For instance, in 2023, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), a France-based international association of automobile manufacturers, global vehicle production reached 93.55 million units, up from 85.02 million units in 2022. Therefore, the surge in automobile production is driving growth in the EV battery cell and pack materials market.
Major companies in the EV battery cell and pack materials market are focusing on innovative technologies, such as LFP technology, to improve battery safety, lifespan, and cost-effectiveness. LFP (lithium iron phosphate) technology is known for its high safety, long lifecycle, thermal stability, and affordability in electric vehicles and energy storage. For instance, in August 2023, Contemporary Amperex Technology Co. Limited (CATL), a China-based battery manufacturer, introduced Shenxing, the world’s first 4C superfast charging LFP battery. This battery enables electric vehicles to achieve a 400 km driving range with just a 10-minute charge and over 700 km on a full charge. It is designed to address charging speed concerns, making EVs more practical for daily use. Shenxing incorporates advanced LFP technology to enhance safety, efficiency, and longevity, representing a significant step forward in fast-charging solutions for the electric vehicle industry.
In February 2024, Volvo Group, a Sweden-based automotive and transport manufacturing and infrastructure solutions company, acquired Proterra Inc.’s battery business for USD 210 million. This acquisition aims to accelerate Volvo’s battery-electric vehicle roadmap by integrating advanced EV battery module and pack development capabilities. Proterra Inc., a U.S.-based electric vehicle and EV-battery technology company, specializes in designing and manufacturing battery systems (modules and packs) for heavy-duty commercial vehicles.
Major companies operating in the electric vehicle (ev) battery cell and pack materials market report include Ford Motor Company, BYD Company Limited, Panasonic Industry Co. Ltd., SK Innovation Co. Ltd., Contemporary Amperex Technology Co. Ltd., LG Chem Ltd., EVE Energy Co. Ltd., Gotion High-Tech Co. Ltd., Envision AESC Group Ltd., Samsung SDI Co. Ltd., Northvolt AB, QuantumScape Corporation, Farasis Energy (Ganzhou) Co. Ltd., Microvast Holdings Inc., ProLogium Technology Co. Ltd., Grepow Battery Co. Ltd., China Aviation Lithium Battery Co. Ltd., Solid Power Inc., StoreDot Ltd., Imperium3 (iM3) Consortium, Amperex Technology Limited (ATL), SVOLT Energy Technology Co. Ltd.
Asia-Pacific was the largest region in the electric vehicle (EV) battery cell and pack materials market in 2025. The regions covered in the electric vehicle (ev) battery cell and pack materials market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric vehicle (ev) battery cell and pack materials market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electric vehicle (EV) battery cell and pack materials market consists of sales of cathode materials, anode materials, electrolytes, separators, casings, and battery management components. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Electric Vehicle (EV) Battery Cell and Pack Materials Market Characteristics
3. Electric Vehicle (EV) Battery Cell and Pack Materials Market Supply Chain Analysis
4. Global Electric Vehicle (EV) Battery Cell and Pack Materials Market Trends and Strategies
5. Electric Vehicle (EV) Battery Cell and Pack Materials Market Analysis of End Use Industries
7. Global Electric Vehicle (EV) Battery Cell and Pack Materials Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Electric Vehicle (EV) Battery Cell and Pack Materials Total Addressable Market (TAM) Analysis for the Market
9. Electric Vehicle (EV) Battery Cell and Pack Materials Market Segmentation
10. Electric Vehicle (EV) Battery Cell and Pack Materials Market Regional and Country Analysis
11. Asia-Pacific Electric Vehicle (EV) Battery Cell and Pack Materials Market
12. China Electric Vehicle (EV) Battery Cell and Pack Materials Market
13. India Electric Vehicle (EV) Battery Cell and Pack Materials Market
14. Japan Electric Vehicle (EV) Battery Cell and Pack Materials Market
15. Australia Electric Vehicle (EV) Battery Cell and Pack Materials Market
16. Indonesia Electric Vehicle (EV) Battery Cell and Pack Materials Market
17. South Korea Electric Vehicle (EV) Battery Cell and Pack Materials Market
18. Taiwan Electric Vehicle (EV) Battery Cell and Pack Materials Market
19. South East Asia Electric Vehicle (EV) Battery Cell and Pack Materials Market
20. Western Europe Electric Vehicle (EV) Battery Cell and Pack Materials Market
21. UK Electric Vehicle (EV) Battery Cell and Pack Materials Market
22. Germany Electric Vehicle (EV) Battery Cell and Pack Materials Market
23. France Electric Vehicle (EV) Battery Cell and Pack Materials Market
24. Italy Electric Vehicle (EV) Battery Cell and Pack Materials Market
25. Spain Electric Vehicle (EV) Battery Cell and Pack Materials Market
26. Eastern Europe Electric Vehicle (EV) Battery Cell and Pack Materials Market
27. Russia Electric Vehicle (EV) Battery Cell and Pack Materials Market
28. North America Electric Vehicle (EV) Battery Cell and Pack Materials Market
29. USA Electric Vehicle (EV) Battery Cell and Pack Materials Market
30. Canada Electric Vehicle (EV) Battery Cell and Pack Materials Market
31. South America Electric Vehicle (EV) Battery Cell and Pack Materials Market
32. Brazil Electric Vehicle (EV) Battery Cell and Pack Materials Market
33. Middle East Electric Vehicle (EV) Battery Cell and Pack Materials Market
34. Africa Electric Vehicle (EV) Battery Cell and Pack Materials Market
36. Electric Vehicle (EV) Battery Cell and Pack Materials Market Competitive Landscape and Company Profiles
37. Electric Vehicle (EV) Battery Cell and Pack Materials Market Other Major and Innovative Companies
40. Electric Vehicle (EV) Battery Cell and Pack Materials Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Electric Vehicle (EV) Battery Cell and Pack Materials Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses electric vehicle (ev) battery cell and pack materials market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for electric vehicle (ev) battery cell and pack materials? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The electric vehicle (ev) battery cell and pack materials market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Vehicle Electrification Type: Battery Electric Vehicles (BEVs); Hybrid Electric Vehicles (HEVs); Plug-in Hybrid Electric Vehicles (PHEVs)2) By Cell Material Type: Lithium-Ion Batteries; Lithium Iron Phosphate (LFP) Batteries; Nickel Manganese Cobalt (NMC) Batteries; Nickel Cobalt Aluminum (NCA) Batteries; Nickel-Metal Hydride (NiMH) Batteries; Sodium-Ion Batteries; Solid-State Batteries
3) By Battery Pack Material Type: Cathode Materials; Anode Materials; Electrolytes; Separators; Current Collectors; Battery Casings & Enclosures; Thermal Management Materials
4) By Application: Electric Passenger Vehicles; Electric Commercial Vehicles; Electric Two-Wheelers & Three-Wheelers
Subsegments:
1) By Battery Electric Vehicles (BEVs): Lithium Iron Phosphate (LFP) Battery Cells; Nickel Manganese Cobalt (NMC) Battery Cells; Nickel Cobalt Aluminum (NCA) Battery Cells; Solid-State Battery Cells2) By Hybrid Electric Vehicles (HEVs): Nickel-Metal Hydride (NiMH) Battery Cells; Lithium-Ion Battery Cells
3) By Plug-in Hybrid Electric Vehicles (PHEVs): Lithium-Ion Battery Cells; Nickel Manganese Cobalt (NMC) Battery Cells; Lithium Polymer (Li-Po) Battery Cells
Companies Mentioned: Ford Motor Company; BYD Company Limited; Panasonic Industry Co. Ltd.; SK Innovation Co. Ltd.; Contemporary Amperex Technology Co. Ltd.; LG Chem Ltd.; EVE Energy Co. Ltd.; Gotion High-Tech Co. Ltd.; Envision AESC Group Ltd.; Samsung SDI Co. Ltd.; Northvolt AB; QuantumScape Corporation; Farasis Energy (Ganzhou) Co. Ltd.; Microvast Holdings Inc.; ProLogium Technology Co. Ltd.; Grepow Battery Co. Ltd.; China Aviation Lithium Battery Co. Ltd.; Solid Power Inc.; StoreDot Ltd.; Imperium3 (iM3) Consortium; Amperex Technology Limited (ATL); SVOLT Energy Technology Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Electric Vehicle (EV) Battery Cell and Pack Materials market report include:- Ford Motor Company
- BYD Company Limited
- Panasonic Industry Co. Ltd.
- SK Innovation Co. Ltd.
- Contemporary Amperex Technology Co. Ltd.
- LG Chem Ltd.
- EVE Energy Co. Ltd.
- Gotion High-Tech Co. Ltd.
- Envision AESC Group Ltd.
- Samsung SDI Co. Ltd.
- Northvolt AB
- QuantumScape Corporation
- Farasis Energy (Ganzhou) Co. Ltd.
- Microvast Holdings Inc.
- ProLogium Technology Co. Ltd.
- Grepow Battery Co. Ltd.
- China Aviation Lithium Battery Co. Ltd.
- Solid Power Inc.
- StoreDot Ltd.
- Imperium3 (iM3) Consortium
- Amperex Technology Limited (ATL)
- SVOLT Energy Technology Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 21.97 Billion |
| Forecasted Market Value ( USD | $ 38.02 Billion |
| Compound Annual Growth Rate | 14.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 22 |
