The recent research, Battery Materials market enables stakeholders, field marketing executives and business owners get one step ahead by giving them a better understanding of their immediate competitors for the forecast period, 2019 to 2026. Most importantly, the study empowers product owners to recognize the primary market they are expected to serve. To help companies and individuals operating in the Battery Materials market ensure they have access to commensurate resources in a particular location the research, assess the size that they can realistically target and tap.
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The battery materials market is expected to reach USD 84.40 Billion by 2026, according to a new report by Reports and Data. With growing sustainability trends, electric vehicles have been endeavoring a positive growth trend due to increasing demand for lithium-ion batteries. Lead-acid batteries were earlier used as a backup in electric vehicles but now are substituted with the former one associated with lower charging capabilities and legal controversies regarding the lead-acid batteries. The self-sustainability of battery raw materials is a crucial factor that is propelling the global market. The supplies of raw materials needed for manufacturing batteries such as manganese, natural graphite, and nickel are extremely concentrated in a few countries.
The most prevalent types of batteries available in the market are Lead-Acid, Lithium-ion (Li-ion), Nickel-Metal Hydride (Ni-MH), Nickel Cadmium (Ni-Cd), and others. Several battery materials present different performance characteristics to the batteries, and they are chosen based on the type and application of the battery.
Key participants include
Toray Industries, Umicore, Asahi Kasei, Mitsubishi Chemical, Henan Yuguang, Glencore, Nyrstar, Sumitomo Metal Mining, Hitachi Chemical, POSCO, and Johnson Matthey.
Product Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
· Lead-acid
· Lithium-ion
Material Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
· Metals
· Chemical
· Others
Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
· EVs
· Automotive Batteries
· Portable Devices
· Industrial
· Other
Battery Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
· Primary Battery
· Secondary Battery
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Further key findings from the report suggest
- The Battery Materials Market is estimated to reach USD 84.40 Billion by 2026, at a CAGR of 8.3% during the forecast period.
- The Lead-acid product accounts for a larger share of 59.7% of the market in 2018.
- The metal material is anticipated to grow at the highest rate of 8.4% during the forecast period.
- The automotive application segment is anticipated to grow at the highest rate of 8.5% during the forecast period.
- The secondary battery type is anticipated to grow at a higher rate of 8.6% during the forecast period.
- North America region accounts for a share of 21.3% of the market in 2018.
- Various players are developing strategies to mark their presence in the industry.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/battery-materials-market
About Reports and Data
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