There were 1,222 press releases posted in the last 24 hours and 314,242 in the last 365 days.

Battery Materials Market worth $120.4 billion by 2027 – Exclusive Report by MarketsandMarkets™

/EIN News/ -- Chicago, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Battery Materials Market size is estimated to be USD 57.8 billion in 2022 and is projected to grow at a CAGR of 15.8% during the forecast period to reach USD 120.4 billion by 2027, according to a new report by MarketsandMarkets™. Improving battery technology, coupled with supporting regulatory norms, are the driving the demand for battery materials. Moreover, the increasing demand for sustainable vehicles and energy storage system across the globe play a key role in the driving the growth of battery materials market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=866

Browse in-depth TOC on “Battery Materials Market
309 – Tables
68 – Figures
287 – Pages

List of Key Players:

  1. Umicore (Belgium),
  2. Asahi Kasei (Japan),
  3. Mitsubishi Chemical Holdings (Japan),
  4. Sumitomo Corporation (Japan), and
  5. Johnson Matthey (UK).

Battery Materials Market Dynamics:

Heavy investments in automotive, electronics, and ESS are the key factors driving the battery materials market across the globe, especially in APAC. Furthermore, government support, presence of a strong manufacturing base, and growing investments by automotive companies in an electric vehicle are driving the battery materials market worldwide.

The battery materials market is a high growth market globally. Manufacturing companies, research institutions, and battery makers are investing heavily in technological advancements of these batteries. These investments are made to create batteries with high power density, long life cycle, low cost, high performance, and that are environment friendly. Materials have high demand at a global level, and their manufacturing is mainly led by the Asian countries such as Japan, China, and South Korea. The current demand is for low-cost batteries in this industry; manufacturers prefer materials that are cost-effective and offer high performance. Major applications of battery materials are in batteries used in portable devices, automotive, industrial, and power tools.

Key Findings of the Study:

  1. The Lead-acid battery is expected to account for the second largest share of the battery materials market, by battery type, during the forecast period, in terms of value.
  2. Automotive application to account for largest share of lead acid battery materials market during the forecast period in terms of value.
  3. Asia – Pacific battery materials market is projected to register the largest market share during the forecast period.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=866

The Lead-acid battery is expected to account for the second largest share of the battery materials market, by battery type, during the forecast period, in terms of value.

The lead-acid battery is estimated to have the second largest market share by value. Lead-acid battery is a sustainable energy storage system and the growth of the lead-acid is mainly driven by automotive and industrial applications. Lead-acid battery is recyclable upto 99% and has good energy storage capacity. Lead-acid batteries are used in various applications such as automotive, industrial and stationary energy storage system.

Automotive application to account for largest share of lead acid battery materials market during the forecast period in terms of value.

Based on Applications, automotive is estimated to account for the largest share of the market during the forecast period. The growth of the automotive sector and public awareness in the Asia Pacific region are expected to boost the battery materials market in the region. China and India are likely to generate a positive impact on the market in the automotive application.

Asia – Pacific battery materials market is projected to register the largest market share during the forecast period.

Asia Pacific is the fastest-growing market for battery materials mainly due to the high economic growth, and heavy investment in industries such as electric vehicle, electronics products, portable device and manufacturing. Asahi Kasei (Japan), Mitsubishi Chemical holdings (Japan), Posco (South Korea), and other leading global players are adopting various strategies to increase their market share in the region’s battery materials market.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=866

Browse Adjacent Markets: Bulk Chemicals and Inorganics Market Research Reports & Consulting

Related Reports:

Cathode Materials Market by Battery Type (Lead-Acid, Lithium-ion), Material (Lithium-Ion (LFP, LCO, NMC, NCA, LMO), Lead-Acid (Lead Dioxide)), and Region (Asia Pacific, North America, Europe, and Row) - Global Forecast to 2023

Carbon Nanotubes Market by Type (Single Walled & Multi Walled), End-use Industry (Electronics & Semiconductors, Chemical Materials & Polymers, Structural Composites, Energy & Storage, Medical), Method, and Region - Global Forecast to 2026


About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Primary Logo