Battery Materials Market Demand, Key Players, SWOT Analysis And Forecast 2022-2027

According to IMARC Group's latest research report, titled "Battery Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global battery materials market reached a value of US$ 47.65 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 68.67 Billion by 2027, exhibiting a CAGR of 6.10% during 2022-2027. Batteries are products that are utilized in household products and large industrial equipment. Battery materials refer to the components present in cell electrodes, electrolytes, and separators. They are mainly equipped with cadmium (Cd), lead (Pb), cobalt (Co), lithium (Li), Silicon (Si), and zinc (Zn). They are widely available in distinct forms, including alkaline, lithium polymer battery (Li-PO), lithium-ion (Li-ion), nickel-metal hydride (NiMH), and lead-acid, and are widely adopted in automotive, industrial, and electronic applications. Besides this, they are also deployed in the production of power backup systems and medical equipment. Due to the rising adoption of lithium batteries due to their effectiveness and high energy density, this is providing an impetus to the demand for battery materials.

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Global Battery Materials Industry Growth:

The global market is primarily driven by the increasing production and sales of consumer electronic devices. Along with this, continual technological advancements in the automotive industry are propelling the market growth. Moreover, the growing adoption of electric vehicles (EVs) due to an enhanced focus on sustainable development is providing a boost to the sales of battery materials. This can be attributed to numerous initiatives undertaken by the governments of several countries for reducing carbon emissions. Furthermore, the growing investments by leading players in introducing advanced charging stations across several countries is creating a positive market outlook. Other factors, including extensive research and development (R&D) activities conducted by key players to introduce improved product variants and rapid digitization and industrialization, are also positively influencing the market growth.

Top Manufacturers In Battery Materials Industry:

• Albemarle Corporation
• Asahi Kasei Corporation
• BASF SE
• Entek International Ltd.
• Johnson Matthey
• Livent
• Mitsubishi Chemical Holdings Corporation
• Nichia Corporation, Showa Denko K. K.
• Sumitomo Chemical Co. Ltd.
• Targray Technology International Inc.
• Umicore N.V.

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Key Market Segmentation:

Breakup by Type:

• Cathode
• Anode
• Electrolyte
• Separator
• Others

Breakup by Battery Type:

• Lithium Ion
• Lead Acid
• Others

Breakup by Application:

• Automobile Industry
• Household Appliances
• Electronics Industry
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

TOC for the Battery Materials Market Research Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Battery Materials Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

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