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Pulished Date March, 2021
ID: 11289
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Battery Materials Market – Segmented By Type (Cathode, Anode, Electrolyte, Separator, and others), By Battery (Lithium-ion (Li-ion), Lead-acid, Nickel-metal hydride (Ni-Mh), Nickel-cadmium (Ni-Cd), and others), By Application (Portable Devices, Automotive, Electronics Items, Power Storages, and others) & By Region - Industry Analysis on Size, Share, Forecast | 2021 to 2026

Pulished: March, 2021
ID: 11289
Pages: 175

Battery Materials Market Size, Share & Trends (2021 - 2026)

The Battery Materials Market is predicted to grow from USD 43.3 billion in 2021 to USD 65.2 billion by 2026, with a CAGR of 8.91% between 2021 and 2026.

The growing call for battery materials batteries for various types of batteries, such as lead-acid, lithium-ion, and others, are predicted to drive the expansion of the battery materials market. The market for battery materials has grown rapidly due to the introduction of electric vehicles. Lithium-ion batteries have become an option for most applications, primarily due to their high energy density compared to nickel-lead-acid batteries. Battery materials are segmented according to battery types, materials, and their applications. Advances in lithium-ion battery technology will certainly contribute greatly to the worldwide expansion and expansion of the battery materials market. About 60% of the battery is made from a combination of materials such as manganese (cathode), potassium, and zinc (anode). Secondary batteries are rechargeable and are derived from nickel-hydrogen, lithium-ion, and nickel-cadmium sources. Lithium-ion batteries are widely adopted due to their high energy density and are widely employed in automotive, industrial, and consumer electronics applications. The improved compatibility and reliability of lithium-ion batteries have led to an increase in the call for cathode battery materials. The growing call in the automotive industry for various types of batteries will drive the size of the market.

Heavy use of batteries in electric vehicles, coupled with a strong call for consumer electronics, is predicted to drive expansion. Industry expansion is also credited with supporting government policies and low barriers to electric vehicle adoption. The industry is likely to benefit from the escalating use of lightweight rechargeable batteries in consumer electronics such as laptops and smartphones. Additionally, an expanding middle-income population group with a greater preference for mobile devices is likely to drive the market.

Recent Developments

  • Fortum launches a new lithium recycling technology. Fortum has developed a new efficient way to recycle lithium from rechargeable batteries, which could help meet the next surge in the call for electric cars and battery materials.

  • Tesla says you can further reduce battery costs with new innovations in materials science. Amid a busy afternoon with announcements from Tesla regarding innovations as the company seeks to lower the cost of electric vehicles and energy storage through better battery design, the company said it had made more progress in the science of materials for key lithium-ion battery components found on the market. 

Battery Materials Market Drivers

Large investments in automotive, electronics and ESS are key drivers in the battery materials market worldwide, especially in the APAC region. Additionally, government support, the presence of a strong manufacturing base, and escalating investments by automakers in electric vehicles are driving the market for battery materials around the world. The battery materials market is a rapidly growing market worldwide. Battery manufacturing companies, research institutes, and manufacturers are investing heavily in the technological advancement of these batteries. These investments aim to create high power density, long life, low cost, high performance, and environmentally friendly batteries. The materials are in high call worldwide, and their manufacture is led mainly by Asian countries such as Japan, China, and South Korea. The current call is for low-cost batteries in this industry; manufacturers prefer inexpensive and efficient materials. The main applications for battery materials are in batteries employed in portable devices, automotive, industrial, and electrical tools. The market for battery materials is predicted to grow in the foreseen due to the strong production of electric vehicles that will increase the call for lithium-ion batteries, together with the escalating call for the lithium-ion technology in the renewable energy sector. The growing call for smart devices and other consumer electronics will help drive the market for battery materials.

Battery Materials Market Restraints

Strict environmental regulations are predicted to restrict the expansion of the battery materials market during the foreseen period.

Opportunities in the Battery Materials Market

High investments in research and development for the extraction, processing, and manufacturing of raw materials employed in battery manufacturing are predicted to have a positive impact on the market expansion. Major industry players are patenting component technologies that deliver superior performance and efficiency to increase annual revenue. Factors such as growing awareness of the sustainable sourcing of battery materials, recycling, and efficient waste disposal are predicted to drive call. Producers adopt various regulations and certifications, such as the US DOT, PHMSA, and EU-Batteries directive, to ensure product quality and attract customers. The industry is characterized by the use of a number of technological processes such as the solvent extraction method, the nanofiltration system, and the electric rotary kiln method. These technologies are employed to improve the performance and efficiency of battery materials as needed. The use of batteries in energy storage devices and the advancement of lithium-ion battery innovation and technology are likely to present expansion opportunities for the battery materials market during the foreseen period.

Challenges in the Battery Materials Market

The main challenges facing the battery raw materials market include fluctuating prices and escalated penetration of lithium-ion products. Manufacturers' profitability is affected by price volatility.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

8.09%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

3M (US), BASF SE (Germany), Entek (UK), Ecopro (South Korea), Hitachi Chemical Co. Ltd (Japan) -, DowDuPont (US), Celgard, LLC (US), Mitsubishi Chemical Corporation (Japan), Solvay (Belgium), Nippon Denko Co., Ltd (Japan)

Battery Materials Market

Battery Materials Market Segmentation as per the research report until 2026.

Battery Materials Market - By Type

  • Cathode
  • Anode
  • Electrolyte
  • Separator
  • Others

Battery Materials Market - By battery

  • Lithium-ion (Li-ion)
  • Lead-acid
  • Nickel metal hydride (Ni-Mh)
  • Nickel-cadmium (Ni-Cd)
  • others

Battery Materials Market - By Application

  • Portable devices
  • Automotive
  • Electronics items
  • Power storages
  •  others

Battery Materials Market - By Region

 The Battery Materials Report includes the segmentation of Regions

  •  North America 
  •  Europe 
  •  Asia Pacific 
  •  Latin America 
  •  Middle East & Africa 

The APAC region is predicted to experience the highest expansion during the foreseen period. The expansion of this market is driven by a strong call for lithium-ion batteries in APAC countries. A strong call for batteries from the automotive sector due to escalated use of electric vehicles and industrial sectors driven by use in telecommunications, railways, energy, and other industrial applications is driving the market for battery materials in the APAC region. The resource-rich North American market is very favorable for manufacturers to establish their base. Mineral and metal reserves in the United States amount to $ 6.2 trillion, which are employed in consumer electronics, automobiles, solar components, and other applications. The European market is predicted to see the strong call for lithium-ion storage batteries for luxury cars.

The industry in the region is characterized by intense competition between the main market players. Much of the raw material for batteries is sourced in the South American region, while a large number of transformers and assemblers are located in the Asia Pacific and North America. Metals processed in China are exported to North America for use in automotive applications. The North American market is predicted to register a significant CAGR during the foreseen period. North America is the primary center for the design and maturation of high-quality consumer electronics technologies and is therefore predicted to be a primary expansion avenue for the battery materials market. The automotive industry in the United States is also predicted to provide a stable income stream for the growing product market, as the call for electric vehicles will increase in the country.

Impact of Covid-19 on Battery Materials Market:

The battery industry has grown at a high pace in the past two decades, supported by the escalating power call of modern portable customer electronics, electric vehicles, and the escalating adoption of intermittent renewable power generation. With the rise of the COVID-19 pandemic, there is a sharp pullback in economic activity owing to compulsory lockdowns and other containment measures. According to the IMF World Economic Outlook published in June 2020, the world economy is set to post a -4.9% GDP growth rate in 2020. 

Battery Materials Market Key Players:

Some of the prominent players operating in the global battery materials market are 

  1. 3M (US)
  2. BASF SE (Germany)
  3. Entek (UK)
  4. Ecopro (South Korea)
  5. Hitachi Chemical Co. Ltd (Japan) - 
  6. DowDuPont (US)
  7. Celgard, LLC (US)
  8. Mitsubishi Chemical Corporation (Japan)
  9. Solvay (Belgium)
  10. Nippon Denko Co., Ltd (Japan)

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Battery Materials Market, By Type                   

                                6.1.1 cathode   

                                6.1.2 anode       

                                6.1.3 electrolyte              

                                6.1.4 separator

                                6.1.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.6 Y-o-Y Growth Rate Analysis              

                                6.1.7 Market Attractiveness Index           

                6.2 Battery Materials Market, By Application                      

                                6.2.1 portable devices  

                                6.2.2 automotive            

                                6.2.3 electronics items  

                                6.2.4 power storages     

                                6.2.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.6 Y-o-Y Growth Rate Analysis              

                                6.2.7 Market Attractiveness Index           

                6.3 Battery Materials Market, By Battery                              

                                6.3.1 lithium-ion (Li-ion)               

                                6.3.2 lead-acid  

                                6.3.3 nickel-metal hydride (Ni-Mh)          

                                6.3.4 nickel-cadmium (Ni-Cd)     

                                6.3.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.6 Y-o-Y Growth Rate Analysis              

                                6.3.7 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application       

                                7.2.4 By Battery

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application       

                                7.3.4 By Battery

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application       

                                7.4.4 By Battery

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application       

                                7.5.4 By Battery

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Application       

                                7.6.4 By Battery

8. Key Player Analysis                                    

                8.1 3M (US)                       

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 BASF SE (Germany)                 

                8.3 Entek (UK)                  

                8.4 Ecopro (South Korea)                             

                8.5 Hitachi Chemical Co. Ltd (Japan) -                     

                8.6 DowDuPont (US)                     

                8.7 Celgard, LLC (US)                     

                8.8 Mitsubishi Chemical Corporation (Japan)                      

                8.9 Solvay (Belgium)                      

                8.10 Nippon Denko Co., Ltd (Japan)                        

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Battery Materials Market By Region, From 2021-2026 ( USD Billion )

  2. Global Battery Materials Market By Type, From 2021-2026 ( USD Billion )

  3. Global cathode Market By Region, From 2021-2026 ( USD Billion )

  4. Global anode Market By Region, From 2021-2026 ( USD Billion )

  5. Global electrolyte Market By Region, From 2021-2026 ( USD Billion )

  6. Global separator Market By Region, From 2021-2026 ( USD Billion )

  7. Global Battery Materials Market By Application, From 2021-2026 ( USD Billion )

  8. Global lithium-ion (Li-ion) Market By Region, From 2021-2026 ( USD Billion )

  9. Global lead-acid Market By Region, From 2021-2026 ( USD Billion )

  10. Global nickel-metal hydride (Ni-Mh) Market By Region, From 2021-2026 ( USD Billion )

  11. Global nickel-cadmium (Ni-Cd) Market By Region, From 2021-2026 ( USD Billion )

  12. Global portable devices Market By Region, From 2021-2026 ( USD Billion )

  13. Global Battery Materials Market By Battery, From 2021-2026 ( USD Billion )

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