Press release
Battery Raw Materials Market Accelerates 7.7% CAGR Forecast (2022-2030)
● The global battery raw materials market size is projected to expand to USD 91.5 billion by 2030, growing at a CAGR of 7.7% from 2022 to 2030.
● The Asia-Pacific region generated over 30% of the market shares in 2021.
● The lithium-ion battery type recorded around 48% of the overall market share in 2021.
● Among li-ion battery material applications, consumer electronics generated shares of over 51% in 2021.
Download Sample Report Copy of This Report from Here: https://www.acumenresearchandconsulting.com/request-sample/1152
Battery Raw Materials Market Overview and Analysis:
The market is driven by growth in electric vehicles such as HEVs and PHEVs, increasing demand for lithium-ion technology in the renewable energy industry, and a surge in consumer electronic devices. However, strict regulations for batteries during operation and poor charging infrastructure pose challenges.
Latest Battery Raw Materials Market Trends and Innovations
The battery raw materials market is witnessing growing technological advancement in lithium-ion (Li-ion) battery technology. This is due to the increasing demand for Li-ion batteries in electric vehicles (EVs), energy storage systems (ESSs), and consumer electronics. The market is also seeing a rising adoption of recycled Li-ion battery materials. This is driven by the increasing cost of virgin battery materials and the environmental benefits of recycling. Another key trend in the battery raw materials market is the focus on the management of waste lead-acid batteries. Lead-acid batteries are the most common type of battery used in the world, and they are a major source of environmental pollution. The market is seeing an increasing number of initiatives to recycle and dispose of lead-acid batteries in a safe and environmentally friendly manner.
Major Growth Drivers of the Battery Raw Materials Market
The growth of the battery raw materials market is being driven by a number of factors, including:
● The electrification of personal mobility: The global EV market is expected to grow being driven by government mandates, environmental concerns, and the increasing affordability of EVs.
● Government mandates accelerating change: Governments around the world are introducing regulations to reduce greenhouse gas emissions and promote the use of renewable energy. These regulations are driving the demand for batteries for EVs, ESSs, and other clean energy technologies.
● Increasing use of lightweight and rechargeable batteries in consumer electronics: The demand for lightweight and rechargeable batteries is growing in consumer electronics, such as smartphones, laptops, and tablets. This growth is being driven by the increasing need for power-intensive features, such as high-resolution displays and fast processors.
Key Challenges Facing the Battery Raw Materials Industry
The battery raw materials industry faces a number of challenges, including:
● Strict regulations during battery operation: Batteries are subject to a number of regulations, including those related to safety, performance, and environmental impact. These regulations can increase the cost of battery production and make it difficult to bring new battery technologies to market.
● Poor charging infrastructure: The lack of a widespread charging infrastructure for EVs is a major barrier to the adoption of these vehicles. This is a particular challenge in rural areas, where there are fewer charging stations available.
● Concerns regarding the use of carcinogenic materials in lead batteries: Lead-acid batteries are a major source of lead pollution. Lead is a toxic metal that can cause health problems, including cancer. The use of lead in batteries is being phased out in many countries, but it is still a major challenge for the battery raw materials industry.
Market Segmentation Insights:
● By Battery Type: Lithium-Ion, Lead Acid, Others
● By Li-Ion Battery Material: Anode, Cathode, Separator, Binder, Electrolyte, Packaging Material
● By Li-Ion Battery Material Application: Consumer Electronics, Automotive, Grid Storage, Others
● By Lead Acid Battery Material: Electrodes, Electrolyte, Separator, Packaging
Overview by Region of the Battery Raw Materials Market:
Asia-Pacific dominates the market, with North America and Europe also showing significant growth. The market in these regions is driven by the expanding middle-income population group with increased inclination for smartphones and electric vehicles.
Battery Raw Materials Market Table of Content:
CHAPTER 1. Industry Overview of Battery Raw Materials Market
CHAPTER 2. Research Approach
CHAPTER 3. Market Dynamics And Competition Analysis
CHAPTER 4. Manufacturing Plant Analysis
CHAPTER 5. Battery Raw Materials Market By Material
CHAPTER 6. Battery Raw Materials Market By Li-Ion Battery Material
CHAPTER 7. Battery Raw Materials Market By Li-Ion Battery Material Application
CHAPTER 8. Battery Raw Materials Market By Lead Acid Battery Material
CHAPTER 9. Battery Raw Materials Market By Lead Acid Battery Material Application
CHAPTER 10. Battery Raw Materials Market By Other Batteries Material
CHAPTER 11. North America Battery Raw Materials Market By Country
CHAPTER 12. Europe Battery Raw Materials Market By Country
CHAPTER 13. Asia Pacific Battery Raw Materials Market By Country
CHAPTER 14. Latin America Battery Raw Materials Market By Country
CHAPTER 15. Middle East & Africa Battery Raw Materials Market By Country
CHAPTER 16. Player Analysis Of Battery Raw Materials Market
CHAPTER 17. Company Profile
Key Players:
ITOCHU Corporation, Targray Technology International Inc., Celgard LLC, Umicore S.A., Entek International LLC, 3M, Valence Technology, Inc., BASF Catalysts LLC, and Nichia Corporation.
Ask Query Here: Richard@acumenresearchandconsulting.com or sales@acumenresearchandconsulting.com
To Purchase this Premium Report@ https://www.acumenresearchandconsulting.com/buy-now/0/1152
201, Vaidehi-Saaket, Baner - Pashan Link Rd, Pashan, Pune, Maharashtra 411021
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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 Raw Materials Market Accelerates 7.7% CAGR Forecast (2022-2030) here
News-ID: 3492088 • Views: …
More Releases from Acumen Research and Consulting
Compact High Pressure Laminates Market to Reach USD 9.6 Billion by 2032, Driven …
The Compact High Pressure Laminates Market is gaining remarkable momentum as industries across construction, interior design, healthcare, and commercial applications increasingly adopt durable, stylish, and sustainable surfacing solutions. Valued at USD 5.9 Billion in 2023, the market is projected to reach USD 9.6 Billion by 2032, reflecting a steady compound annual growth rate (CAGR) of 5.6%.
Get Free PDF Sample Pages of This Report: https://www.acumenresearchandconsulting.com/request-sample/3646
Compact High Pressure Laminates, or Compact HPL,…
Culture Media Market Set to Surge Beyond USD 17.32 Billion by 2032, Driven by Ad …
Culture Media Market Poised for Robust Expansion Amid Biotechnology Boom
The Culture Media Market has emerged as a cornerstone of modern life sciences, enabling researchers and manufacturers to cultivate, identify, and preserve microorganisms and cells for critical applications. From drug discovery to diagnostic testing, culture media plays an indispensable role in advancing human health and biotechnology.
According to Acumen Research and Consulting, the global Culture Media Market size was valued at USD…
Green Energy Market Size to Hit USD 2.41 Trillion by 2032 | Key Trends, Share & …
The global Green Energy Market is experiencing unprecedented momentum. According to Acumen Research & Consulting, the market reached USD 1.15 trillion in 2023 and is forecast to grow at a CAGR of 8.7% from 2024 to 2032, reaching approximately USD 2.41 trillion by 2032. This Green Energy Market Analysis highlights the sweeping scale of investment and innovation driving the sector forward.
Green Energy Market Size & Growth Snapshot
• 2023 market size: USD…
Pipeline Safety Market: Ensuring Integrity in Energy Transportation
The global pipeline safety market is a critical component of energy infrastructure, ensuring the safe transportation of oil, gas, and other hazardous materials over vast distances. With rising demand for energy and increasing regulatory scrutiny, pipeline safety has become paramount in maintaining the integrity of these vital systems. This report delves into the factors driving the market, current trends, and future projections for this rapidly evolving industry.
Pipeline Safety Market Overview…
More Releases for Material
Firestop Material Market
LOS ANGELES, United States: The global Firestop Material market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Firestop Material market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and…
New Material Direction for Electric Toothbrushes - Si-TPV Soft Over Molded Mater …
When it comes to factors such as consumer experience or ergonomics, Si-TPV Soft Over Molded Material has had a huge impact on the improvement of various products such as electric toothbrushes, etc. Si-TPV is a Silicone Combine TPU developed and produced by SILIKE, a Thermoplastic Elastomer Manufacturer (Thermoplastic Elastomer Suppliers). Si-TPV material adopts Innovative Soft Slip Technology and Sustainable Overmolding Techniques, which can be used to make Stain Resistance Soft…
A new light on a misjudged material - Plastic waste: material for art
Used plastic bottles are not waste, but a valuable resource. They can be reprocessed in a variety of ways and transformed into new products or fresh energy. And into art. This is exactly what Ve-ronika Richterová does. The Czech artist creates fascinating sculp-tures made out of old PET bottles.
Plastic has inspired artists from the very beginning. The reason: plas-tic meets almost all technical and aesthetic requirements. It is a uni-versal…
Global Thermal Transfer Material Market, Global Thermal Transfer Material Indust …
Thermal conductivity refers as an important characteristic for several manufacturing operations. Thermal transfer properties of a variety of materials are effective in certain applications owing to natural molecular structure that allows for direct heat-transfer. Thermal transfer materials are extensively used to manufacture the heat conductive adhesive tapes, printable products and polymer sheets. These polymer sheets are utilized for barcodes, labeling, and QR code labels for retailing, logistics, and consumer goods.…
The Future of Smart Material Market Runs Through the Material Industry
Smart Materials Market is expected to garner $72.63 billion by 2022, registering a CAGR of 14.9% during the forecast period 2016-2022. Smart materials are adaptive or intelligent materials which pose intrinsic and extrinsic capabilities. These can be altered by external stimuli, such as moisture, temperature, electromagnetic field, and pressure to obtain the desired functional effects. In addition, these materials are dynamic in nature and respond to their immediate interaction environments…
Global Regenerative Artificial Skin Sales Market Research Report 2017 (Temporary …
The report "Global Regenerative Artificial Skin Sales Market Report 2017", has been prepared based on an in-depth market analysis with inputs from industry experts.
This report studies sales (consumption) of Regenerative Artificial Skin in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering
Integra Life Sciences Corporation
Mylan N.V
Johnson & Johnson…
