Battery Materials Market to Reach 84.40 Bn, Globally, by 2026 at 8.3% CAGR: Toray Industries, Umicore, Asahi Kasei, Mitsubishi Chemical, Henan Yuguang

The battery materials market is expected to reach USD 84.40 Billion by 2026, according to a new report by Reports and Data. With growing sustainability trends, electric vehicles have been endeavoring a positive growth trend due to increasing demand for lithium-ion batteries. Lead-acid batteries were earlier used as a backup in electric vehicles but now are substituted with the former one associated with lower charging capabilities and legal controversies regarding the lead-acid batteries. The self-sustainability of battery raw materials is a crucial factor that is propelling the global market. The supplies of raw materials needed for manufacturing batteries such as manganese, natural graphite, and nickel are extremely concentrated in a few countries.

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Scope of the Report:
The market in the APAC region is expected to witness the highest CAGR of 8.5% during the forecast period. With the productive government schemes for electric vehicles adoption, the region is expected to grow the manufacturing of EV in the countries of Asia-Pacific, and thus, in turn, is anticipated to fuel the market for battery materials in the automotive industry in the region. For example, the Indian government has signed USD 1,445 million for the phase two of FAME India (Faster Adoption and Manufacturing of Electric Vehicles in India) policy on 1 March 2019, to encourage the use of electric vehicles in the country. Moreover, accelerated industrialization in the region is adding to the product's market growth.

Leading players in the Battery Materials market:
Toray Industries, Umicore, Asahi Kasei, Mitsubishi Chemical, Henan Yuguang, Glencore, Nyrstar, Sumitomo Metal Mining, Hitachi Chemical, POSCO, and Johnson Matthey.

Key offerings of the Battery Materials report:
The Battery Materials market report includes a meticulous analysis to give a summary of the information gathered related to market essentials, research methodology, and the sources referred to for data collection. The competitive landscape given in the report identifies the major mutual trends and the leading players operating in the market. The report also evaluates different factors essential for the companies currently engaged in the market as well as new entrants, along with an elaborate value chain analysis.

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)
Lead-acid
Lithium-ion

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

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Battery Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
Primary Battery
Secondary Battery

Regional Outlook (Revenue in USD Million; 2016-2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest
-The Battery Materials Market is estimated to reach USD 84.40 Billion by 2026, at a CAGR of 8.3% during the forecast period.
-The Lead-acid product accounts for a larger share of 59.7% of the market in 2018.
-The metal material is anticipated to grow at the highest rate of 8.4% during the forecast period.
-The secondary battery type is anticipated to grow at a higher rate of 8.6% during the forecast period...Continued

Who should buy the Battery Materials market report?
Individuals seeking crucial information to improve their decision-making abilities will find this report helpful:
1. Breakdown of the market shares held by leading industry players.
2. Evaluation of the market on both the regional and global scales.
3. Market estimation for the forecast period for the industry segments and sub-segments.
4. Strategic recommendations to help new entrants navigate to their desired market position.
5. Optimum tactics in primary business industries based on the detailed forecast.

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In conclusion, the Battery Materials market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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