Battery Materials Market Size, Share, Growth Trends, Forecast 2024-2033

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

The Battery Materials Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Battery Materials Global Market Report 2024, The battery materials market size has grown rapidly in recent years. It will grow from $57.63 billion in 2023 to $64.58 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%.  The  growth in the historic period can be attributed to growth in portable electronics, advancements in energy storage, consumer demand for longer battery life, renewable energy integration, government initiatives and subsidies, demand for lightweight materials, research and development funding.The battery materials market size is expected to see rapid growth in the next few years. It will grow to $99.14 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%.

The rising adoption of electric vehicles is anticipated to drive the growth of the battery materials market in the coming years. Electric vehicles, characterized by their reliance on electric motors rather than internal combustion engines, are powered by substantial traction battery packs. The materials used in these batteries are crucial for achieving high energy density, low self-discharge rates, low maintenance requirements, and increased charge cycles. As of April 2021, a report by the International Energy Agency revealed that global electric vehicle sales reached 10 million in 2020, marking a 43% increase from the previous year, with approximately 3 million new electric vehicle registrations. This trend underscores the growing prominence of electric vehicles, which, in turn, is fueling the demand for battery materials.

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The battery materials market covered in this report is segmented –
1) By Type: Cathode, Anode, Electrolyte, Separator, Other Types
2) By Battery Type: Lithium Ion, Lead Acid, Other Battery Type
3) By Application: Automobile Industry, Household Appliances, Electronics Industry, Other Application

Top Major Players

Asahi Kasei Corporation,

BASF SE,

Mitsubishi Chemical Holdings Corporation,

Sumitomo Corporation,

Umicore NV

The battery materials market report table of contents includes:
1. Executive Summary

2. Battery Materials Market Characteristics
3. Battery Materials Market Trends And Strategies
4. Battery Materials Market – Macro Economic Scenario
5. Global Battery Materials Market Size and Growth
6. Battery Materials Market Segmentation
7. Battery Materials Market Regional And Country Analysis

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33. Key Mergers And Acquisitions In The Battery Materials Market
34. Battery Materials Market Future Outlook and Potential Analysis
35. Appendix
    
    List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Battery Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Battery Materials Market, Segmentation By Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Battery Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 74: Asahi Kasei Corporation Financial Performance

Table 75: BASF SE Financial Performance

Table 76: Mitsubishi Chemical Holdings Corporation Financial Performance

Table 77: Sumitomo Corporation Financial Performance

Table 78: Umicore NV Financial Performance 

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