Battery Materials Market 2020 Outlook by Players | NEI Corporation, POSCO, Sumitomo Metal Mining Co.,Ltd., TORAY INDUSTRIES, INC., Umicore

The battery materials market has noted a swift rise due to the introduction of electric vehicles. Lithium-ion batteries have become a choice for most of the applications primarily due to its high energy density compared to nickel-type and lead-acid batteries.

The battery materials are segmented on the battery types, the materials and their applications. The advances in the technology of Li-ion batteries is sure to contribute to the global growth and expansion of the battery materials market to a large extend.

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Key Companies Analyzed in this Report are:
1.Asahi Kasei Corporation
2.Hitachi Chemical
3.Johnson Matthey
4.Kureha Corporation
5.Mitsubishi Chemical Holdings
6.NEI Corporation
7.POSCO
8.Sumitomo Metal Mining Co.,Ltd.
9.TORAY INDUSTRIES, INC.
10.Umicore

The battery materials market is assumed to grow in the forecast owing to the high production of electric vehicles that will raise the demand for Li-ion batteries coupled with the rising demand for Li-ion technology in the renewable energy industry. The increasing demand for smart devices and other consumer electronics is going to be a contributing factor in boosting the battery materials market.

However, the inadequate charging infrastructure might restrict the growth of the battery materials market. On the other hand, the use of batteries in energy storage devices and the advances in innovation and technology of Li-ion batteries is likely to showcase growth opportunities for the battery materials market during the forecast period.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global battery materials market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

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The report also includes the profiles of key battery materials companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

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This release was published on openPR.