Battery Metals Market 2021: Overview with Product Scope, Opportunities Risk, Market Driving Force to 2028

MARKET INTRODUCTION

The battery is considered an essential part of various applications such as electric vehicles, consumer electronics, off-grid battery storage among others. Battery metals are basically the raw materials that are used in the production of batteries such as lithium, nickel, cobalt, manganese, graphite among others. Lithium can be found in both the cathode and anode parts of the lithium-ion battery which indicates that these metals form an integral part of the battery.

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MARKET DYNAMICS

The rising demand for batteries which is due to an increased demand for consumer electronic devices such as smartphones, tablets, laptops among others will lead to the increasing demand for battery metals. Along with this, rapid growth in the electric vehicle sector as well as the renewable energy sector will increase the demand for batteries that will drive the growth of the battery metals market. However, an increase in battery waste along with the risk of metals supply security due to international trade relations will act as a restraining factor in the market growth in the upcoming years.

MARKET SCOPE

The "Global Battery Metal Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the battery metal market with detailed market segmentation by type, application, and geography. The global battery metal market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading battery metal market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The Global Battery Metal Market is segmented based on type and application. Based on type, the market is segmented into lithium, cobalt, nickel, and others. Based on application the market is segmented into consumer electronics, electric vehicles, energy storage system, and others.

REGIONAL FRAMEWORK

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 metal market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The battery metal market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the battery metal market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the battery metal market in these regions.

MARKET PLAYERS

The report covers key developments in the battery metal market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from battery metal market are anticipated to witness lucrative growth opportunities in the future with the rising demand for battery metal in the global market. Below mentioned is the list of few companies engaged in the battery metal market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the battery metal market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

Albemarle Corporation.
Bolt Metals
Ganfeng Lithium Co.,Ltd.
Glencore
NEO Battery Materials Ltd.
SQM S.A
Sumitomo Metal Mining Co., Ltd.
Tianqi Lithium
Umicore
Vale

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This release was published on openPR.