Press release
Battery Metals Market Drivers Analysis | Industry Segmentation, Key Players Strategies and Value Forecast By 2027
The global battery metals market is experiencing substantial growth, driven by increased demand for smartphones, tablets, and electronic devices. The surge in interest in electric vehicles (EV), hybrid electric vehicles (HEV), and plug-in hybrid vehicles (PHV) is further contributing to this growth. The renewable energy sector's rapid development is also playing a pivotal role.According to a report by Allied Market Research, the global battery metals industry, valued at $11.3 billion in 2019, is projected to reach $20.5 billion by 2027, with a compound annual growth rate (CAGR) of 8.2% from 2020 to 2027.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: https://www.alliedmarketresearch.com/request-sample/7544
Key factors influencing this growth include the escalating demand for consumer electronics, electric mobility, and energy storage systems. However, the market faces challenges such as supply security risks. Despite these hurdles, opportunities abound, especially with increased investments in electrifying remote areas and the growing energy efficiency requirements in technologically advanced consumer gadgets.
The COVID-19 pandemic had a notable impact on the market, with a slowdown in the Chinese EV market leading to a global decrease in vehicle sales. Economic recessions in Japan and Europe further exacerbated the decline. The U.S automakers' delay in battery shipments due to lockdowns also adversely affected the global battery metals market. Nevertheless, a post-COVID-19 recovery is anticipated.
Looking at metal types, lithium is expected to dominate the market by 2027, constituting nearly two-fifths of the global share. This is attributed to the rising demand for lithium-ion batteries in electric vehicles and consumer electronics. The nickel segment is projected to witness the fastest CAGR of 8.7%, driven by increased nickel usage in common batteries like nickel cadmium and nickel metal hydride.
In terms of applications, the consumer electronics segment led in 2019, contributing almost two-fifths of the market revenue. It is expected to maintain its dominance until 2027, fueled by the growing demand for gadgets like smartphones, laptops, CPUs, and tablets. Meanwhile, the energy storage systems segment is poised to experience the fastest CAGR of 8.5% from 2020 to 2027, driven by the increasing need for standby backup power.
Geographically, Asia-Pacific, followed by North America, held the major market share in 2019, capturing more than two-thirds of the global battery metals market. Europe is projected to register the fastest CAGR of 8.7% throughout the forecast period due to the rising demand for batteries in various applications.
Key players in the industry include Norlisk Nickel, Albemarle Corporation, Sumitomo Metal Mining Co., Ltd., Vale, China Molybdenum Co., Ltd., Glencore International AG, SQM S.A., Gan Feng Lithium Co., Ltd., Umicore, and Tianqi Lithium. They play a crucial role in driving innovation and growth within the global battery metals market.
๐๐๐ญ๐๐ข๐ง ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.alliedmarketresearch.com/battery-metals-market-A07179
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Metals Market Drivers Analysis | Industry Segmentation, Key Players Strategies and Value Forecast By 2027 here
News-ID: 3330330 • Views: โฆ
More Releases from Allied Market Research (AMR)

Green Ammonia Market CAGR of 80.1%, Charm of Change the Enchantment of Latest Ri โฆ
The rising public concern over carbon emissions and stringent government regulations aimed at environmental protection are key drivers of the global green ammonia market. Europe is expected to lead in revenue share, while the Asia-Pacific region is projected to witness the fastest growth during the forecast period. Among technologies, the alkaline water electrolysis segment is set to dominate in revenue generation through 2031.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/17820
Market Overview:
Accordingโฆ

Agricultural Adjuvants Market Enchanted Evolution Unveiling the Magic Behind Lat โฆ
The global agricultural adjuvants market is experiencing remarkable expansion, driven by increasing demand for food and beverages due to a rising population, a surge in pesticide usage to optimize crop yields, and a growing need for effective insecticides. According to Allied Market Research, the market is projected to reach $6.4 billion by 2031, up from $3.5 billion in 2021, reflecting a CAGR of 6.1% from 2022 to 2031.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌโฆ

Aerospace Maintenance Chemical Market Magical Market Maps the Enchantment of Lat โฆ
The global aerospace maintenance chemical market is witnessing significant growth, driven by increasing aircraft maintenance needs, rising disposable incomes leading to higher flight frequencies, and the extensive use of cleaning agents to prevent corrosion and ensure hygiene.
Download Sample PDF (245 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/5324
Market Overview
- According to Allied Market Research, the global aerospace maintenance chemical market was valued at $7.8 billion in 2021 and is projected to reach $13.7โฆ

Sustainable Packaging Market Enchanted Narratives Unveiling the Magic Behind Lat โฆ
Sustainable packaging involves innovative methods and materials designed to minimize environmental impact while maintaining functionality. By reducing waste and lowering the carbon footprint, sustainable packaging plays a crucial role in promoting eco-conscious practices across industries.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/A17195
The Problem with Traditional Packaging:
Think about your favorite snacks, such as chocolates or potato chips. They often come wrapped in crinkly, non-biodegradable materials that take years to decompose, contributing significantlyโฆ
More Releases for AMR
UGV Adoptions boost Global Autonomous Mobile Robots (AMR) Market
Inkwood Research expects the Global Autonomous Mobile Robots (AMR) Market to surge with a 21.31% CAGR during the forecast years between 2022 and 2030, generating $14473.73 million in revenue by 2030.
Browse 45 market Data Tables and 43 Figures spread over 224 Pages, along with an in-depth analysis of the Global Autonomous Mobile Robots (AMR) Market by Robot Type, End-User, & Geography.
This insightful market research report by Inkwood Research focuses onโฆ
Electric Wheelchair Market CAGR to Grow at 17.1% | AMR
Global Electric Wheelchairs Market size in 2015 was valued at $1,597 million growing at CAGR of 17.1% to reach $4,846 million by 2022. Electric wheelchairs market has witness increased adoption owing to factors such as ease of mobility, convenience, growing worldwide elderly population and growing demand for advanced wheelchairs from the sports industry, as many sports events are organized for disabled persons such as wheelchair basketball, wheelchair rugby, and others.
Getโฆ
Eyewear Market CAGR to Grow at 8.1% | AMR
Eyewear Market is expected to garner $141.3 billion by 2020, registering a CAGR of 8.1% during the forecast period 2015-2020. Eyewear comprises accessories that are worn over the eyes for vision correction or to protect eyes from debris, harmful radiations or excessive light. Eyewear includes spectacles, lenses and sunglasses worn for vision correction or protection of eyes from harmful UV lights and dust particles. Factors such as increasing life span,โฆ
AMR Forecasts a Booming Cyber Security Market in Healthcare -Openpr
Healthcare industries globally have gone through rapid digitization. For instance, healthcare organizations focus on investing on enhanced patient monitoring solutions and healthcare information systems to improve patient care. Furthermore, drastic rise in the number of cyber-attacks and data breaches increases the need for enhanced data security solutions that are expected to ensure protection against hacking and unauthorized data access.
Download a Sample copy of Report: https://www.alliedmarketresearch.com/request-sample/2268
The global market was valued atโฆ
Refrigerants Market to Experience Higher Growth by 2022 | AMR
"In 2015, the cost of azeotropic refrigerants is relatively higher than other refrigerants, but is expected to plummet by 2022, owing to rapid innovations in the production processes of azeotropic refrigerants and rise in their demand across several end user industries."
Refrigerants Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $18,509 million by 2022, registering a CAGR of 9.9% from 2016 to 2022.Theโฆ
Global AMR Smart Water Management Market Research Report 2017
Qyresearchreports include new market research report "Global AMR Smart Water Management Market Research Report 2017" to its huge collection of research reports.
This study on the global AMR Smart Water Management market is conducted with supreme assiduousness and comprehensiveness through commercial, market-oriented, and technical research. The results about the global AMR Smart Water Management market procured in the study are an out-turn of an extensive implementation of secondary sources such asโฆ