openPR Logo
Press release

Battery Materials Market Popular Trends & Technological Advancements, Forecast & Opportunities by 2030

03-23-2023 01:41 PM CET | Energy & Environment

Press release from: allied market research

Battery Materials Market

Battery Materials Market

The battery materials market has been growing at a rapid pace over the last few years. The increase in the usage of lead-acid and lithium-ion (Li-ion) batteries and surge in demand from the consumer electronics and automotive industries are some of the major driving factors of the global battery material market. According to Allied Market Research, the global battery material market is expected to reach $80.5 billion by 2030, registering a CAGR of 5.9% from 2021 to 2030.

Download Sample PDF (300 Pages PDF with Insights):

Major announcements and collaborations in the battery material market:

The key players in the battery material industry have been focusing on expanding their business by developing innovative products that could increase overall efficiency. For instance, Umicore, a leading material technology company announced its investment in Solid Power, a major producer of all-solid-state rechargeable batteries for electric vehicles. This investment is expected to develop a low-cost battery and increase the energy density from 50% to 70% as compared to commercially available Li-ion batteries. Moreover, it is lighter and has faster charging times than available alternatives which give an advantage to the automobile sector.

Apart from the innovations, several companies have indulged in collaborations to expand their market presence. For instance, Polarium, a provider of energy Storage Company partnered with Northvolt, a European supplier of sustainable, high-quality battery cells and systems. The collaboration would help the companies to deliver green battery cells to the telecom industry. Furthermore, according to the CEO of Polarium, this collaboration will aid in lowering the carbon footprint as the company would manufacture the battery products from the fossil-free production facility with the highest recycling standards. This is expected to help the company to maintain a pollution-free environment.

For Purchase Enquiry at:

Similarly, Volvo Car Group, the most well-known car brand announced its joint venture with Northvolt, a leading Swedish battery company. The business deal would enable companies to build sustainable and cutting-edge battery cells for Volvo and Polestar vehicles. Moreover, the companies have proposed to open a new R&D center in Europe to develop revolutionary batteries and provide an efficient and cost-effective supply chain of high-quality and sustainable batteries in Europe.

Trends that will drive the demand in the future:

With the rise in innovations in the automotive sector, the demand for electric vehicles around the world is bound to rise, which in turn, increases the need for battery materials. Furthermore, technological advancements in the electronics sector have increased innovations in battery materials. On the other hand, the development of solid-state electrolytes and the introduction of sodium-ion batteries would have a direct impact on the growth of the battery materials market in the future.

The recent initiation of the Indian government, Faster Adoption, and Manufacturing of (Hybrid &) Electric Vehicles (FAME) has augmented the growth of the battery material market in the Asia-Pacific. What's more, battery materials have witnessed increased demand in emerging countries due to a surge in industrial applications such as the telecommunication sector, medical equipment, and oil drilling.

Interested in Procuring this Report? Visit Here:

To meet end-user demand in the future, market leaders must invest a substantial amount and time in their research. Moreover, the demand for battery materials that offer higher storage capacity at inexpensive costs would increase in the coming years. In addition, the emphasis on creating solutions for recyclable battery packs that can be fixed and resealed without triggering a surface breakdown would increase as concerns about sustainability and the need for cost-effective alternatives grow.

Based on type, the lithium-ion segment accounted for the highest market share in 2020, contributing to more than half of the total share, and is expected to maintain its leadership status during the forecast period. Moreover, this segment is estimated to manifest the highest CAGR of 6.1% from 2021 to 2030.

Access Full Summary @

Leading players of the global battery materials market analyzed in the research include Albemarle, Gan feng Lithium Co. Ltd., China Molybdenum Co. Ltd., Livent Corporation, Glencore PLC, Sheritt International Corporation, Norlisk Nickel, Targray Technology International Inc., SQM, Tianqi Lithium, Teck Resources, and Vale S.A.

Similar Reports

Sodium Sulphate Market

Thermoplastic Composites Market

Electronic Ceramics Market

David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Follow Us on LinkedIn:

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Battery Materials Market Popular Trends & Technological Advancements, Forecast & Opportunities by 2030 here

News-ID: 2987019 • Views: 178

More Releases from allied market research

Bulldozer Market Demand, Type, Size, Applications, Share, Global Growth Opportun …
The global bulldozer market was valued at $5.3 billion in 2022, and is estimated to reach $9.7 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032. π—₯π—²π—Ύπ˜‚π—²π˜€π˜ π’πšπ¦π©π₯𝐞 𝐏𝐃𝐅 𝐚𝐭: Prime determinants of growth Expansion of the construction and infrastructure industry, increase in the use of agriculture, and focus on public-private partnerships drive the growth of the global bulldozer market. However, the implementation of stringent government regulations and…
Unlocking the Potential: Exploring UAV Payloads and Their Applications
Unmanned Aerial Vehicles (UAVs), commonly known as drones, have revolutionized various industries by offering unprecedented capabilities and applications. One crucial aspect that enables UAVs to perform a wide range of tasks is their payload. π—₯π—²π—Ύπ˜‚π—²π˜€π˜ π’πšπ¦π©π₯𝐞 𝐏𝐃𝐅 𝐚𝐭: 𝐊𝐞𝐲 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐜𝐨𝐯𝐞𝐫𝐞𝐝: - This study presents the analytical depiction of the UAV payload market industry along with the current trends and future estimations to determine the imminent investment pockets. - The report presents…
Blind Spot Detection (BSD) System: Empowering Drivers with Unparalleled Blind Sp …
According to a new report published by Allied Market Research, titled, "Blind Spot Detection (BSD) System Market," The blind spot detection (bsd) system market was valued at $3.9 billion in 2021, and is estimated to reach $13.7 billion by 2031, growing at a CAGR of 13.7% from 2022 to 2031. π—₯π—²π—Ύπ˜‚π—²π˜€π˜ π’πšπ¦π©π₯𝐞 𝐏𝐃𝐅 𝐚𝐭: Automotive manufacturers in the region have focused on reducing road fatalities by adopting various safety ensuring programs…
On-demand Transportation Market Analysis Research Report: Growing Demand Bolster …
In recent years, the world has witnessed a revolutionary change in the way people move around cities and towns. The rise of on-demand transportation has transformed the traditional concept of commuting, offering unparalleled convenience and flexibility. π—₯π—²π—Ύπ˜‚π—²π˜€π˜ π’πšπ¦π©π₯𝐞 𝐏𝐃𝐅 𝐚𝐭: COVID-19 scenario analysis: The pressure on organizations during this pandemic has shifted from moving citizens to keeping a core transportation system operational with a skeleton workforce to ensure freight and key essential…

All 5 Releases

More Releases for Battery

America SLI Battery Market Segment, Trends and Forecast to 2026 | XS Power Batte …
Global Market Insights has launched a report on America SLI Battery Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere. Global Market Insights, Inc. forecasts the America SLI Battery Market…
Golf Cart Battery Market | Axion Power, Samsung SDI, Dyno Battery, Smart Battery
Global Golf Cart Battery Market: Overview The global market for golf cart batteries is expected to expand at a promising pace in the next few years, with the rising uptake of golf carts as practical transportation modes for elderly in places such as airports, crowded stations, and tourist locations globally expected to act as a key growth factor. The increased usage of golf carts other nonconventional application areas is also expected…
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from…
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery MarketΒ report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this…
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors. The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation…
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017 A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled β€˜Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery…