Press release
Lithium-Ion Battery Materials Market to Reach USD 228.04 Billion by 2032, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/4040/lithium-ion-battery-materials-market.html
Market Statistics
• Market size: USD 42.55 billion in 2024
• Forecast value: USD 228.04 billion by 2032
• CAGR: 23.3% (2025-2032)
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 4 (Material Type, Application Type, Battery Chemistry Type, Region)
• Tables & figures: 100+
• Country-Level Market Assessment: 15
MARKET SEGMENTATION
By Materials Type:
• Anode Materials
• Cathode Materials
• Electrolyte materials
• Other Materials
By Application Type:
• Portable Devices
• Electric Vehicles
• Industrial
• Other Applications
By Battery Chemistry Type:
• Lithium Nickel Manganese Cobalt
• Lithium Iron Phosphate
• Lithium Manganese Oxide
• Lithium Nickel Cobalt Aluminium Oxide
• Lithium Cobalt Oxide
By Region:
• North America
• Europe
• Asia-Pacific
• Rest of the World
SEGMENT ANALYSIS
In the Materials Type category, the cathode materials segment is expected to remain dominant throughout the forecast period due to its critical role in determining the energy density and performance characteristics of lithium-ion batteries. High demand for advanced cathode chemistries translates into strategic focus for materials producers to enhance performance and secure supplier contracts with battery manufacturers.
Under Application Type, the electric vehicles segment is both the dominant and fastest-growing segment driven by accelerating global EV adoption, supportive government policies promoting electrification, and increasing range expectations that fuel requirements for higher-performance battery materials. This dynamic highlights the necessity for battery materials suppliers to align capacity expansion with evolving EV market needs.
Within Battery Chemistry Type, the lithium nickel manganese cobalt segment is projected to experience higher growth due to the balanced combination of high energy density, safety, and cost efficiency that make this chemistry favorable for EVs, portable electronics, and energy storage systems; supplying this segment enhances competitive positioning for material producers.
REGIONAL Insights
Asia-Pacific is anticipated to be both the dominant and fastest-growing region over the forecast period, propelled by rapid industrialization, extensive EV production facilities, proactive government initiatives to boost EV adoption, a strong consumer electronics manufacturing base, and abundant raw material access. This regional leadership underscores the importance of establishing or expanding supply chain footprints in Asia-Pacific for long-term market relevance.
MARKET DRIVERS
• Surging global electric vehicle adoption increasing demand for battery materials needed for high-performance EV batteries.
• Growing consumer electronics demand requiring lightweight, energy-dense battery solutions.
• Supportive government policies and incentives for EVs and renewable energy storage accelerating battery production.
• Technological advancements in battery chemistry improving performance metrics for applications.
• Expansion of energy storage systems that depend on efficient, scalable battery materials.
COMPETITIVE LANDSCAPE
Top Companies in the Market
• Umicore
• Sumitomo Metal Mining Co. Ltd.
• BASF SE
• POSCO Future M
• Tanaka Chemical Corporation
• L&F Co. Ltd.
• 3M
• Kureha Corporation
• NEI Corporation
FAQs
1. What is the expected size of the lithium-ion battery materials market by 2032?
The market is projected to reach USD 228.04 billion by 2032.
2. How fast is the lithium-ion battery materials market growing?
It is forecast to grow at a 23.3% CAGR from 2025 to 2032.
3. Which application segment leads demand for lithium-ion battery materials?
The electric vehicles segment is both dominant and the fastest-growing application segment.
4. Which battery chemistry type is gaining the most traction?
The lithium nickel manganese cobalt segment is projected to experience higher growth.
5. Which region drives the market for lithium-ion battery materials?
Asia-Pacific is expected to be the dominant and fastest-growing region.
Related Links:
Biphenyl market: https://hallbook.com.br/blogs/840313/Why-the-Biphenyl-Market-Is-Expected-to-Grow-at-7
Bonding sheet market: https://www.bundas24.com/blogs/186846/Bonding-Sheet-Market-Global-Growth-and-Future-Outlook
Building vibration isolation market: https://network.musicdiffusion.com/read-blog/75283
Business intelligence and analytics software market: https://justpaste.it/jqgye
Cobalt nitrate market: https://www.wowonder.xyz/read-blog/371438
Colloidal selenium nanoparticles market : https://payrchat.com/blogs/36606/aerospacedefenceglobalaisapacific
Combat system integration market : https://www.bundas24.com/blogs/169650/Next-Gen-Warfare-Solutions-Expanding-Combat-System-Integration-Market
Commercial standby generator sets market: https://www.leenkup.com/read-blog/86333#google_vignette
composites in oil and gas industry market: https://www.leenkup.com/read-blog/86323#google_vignette
concrete sealer market : https://vintfint.com/blogs/134205/Concrete-Sealer-Market-Insights-Innovations-in-Eco-Friendly-and-High
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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