Battery Materials Market
Battery Materials Market (Meterial - Anode (Lithium, Cobalt, Lead, Carbon, Graphite, and Magnesium), Cathode (Manganese Dioxide, Lithium Manganese Oxide, Lead Dioxide, Lithium Cobalt Oxide, Nickel Manganese Cobalt, Nickel Cobalt Aluminum, and Lithium Ferrophosphate), Electrolyte (Ammonium Chloride, Zinc Carbon, Alkali Metal Hydroxide, and Sulfuric Acid), and Binders; Application - Primary Batteries and Secondary Batteries; End-use - Transportation (Automotive, Aerospace, Locomotive, and Marine), Consumer Goods (Electrical and Electronic Devices), and Industrial (Energy Storage and Tools and Equipment)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
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Global Battery Materials Market: Snapshot
In order to support sales, sagacious companies in the global battery materials market are expending time and money to develop products that can store more energy efficiently and for a longer period of time. In keeping with the strict rules pertaining to environment protection, they are also trying to come up with less polluting materials.
Sensing that high cost of battery materials, leading to expensive batteries, might deal a blow to their profitability in the long run, companies are also trying to create low cost effective materials. All such trends are expected to boost the market significantly in the next couple of years.
A report by Transparency Market Research expects the battery materials market to rise at a healthy clip by registering a CAGR of 13.6% during the forecast period from 2017 to 2025. Rising at this pace, the market which was valued at US$4,419 mn in 2016, will likely grow to the tune of US$13.70 bn by 2025.
Booming Automotive and Consumer Goods Sector Makes Application Segment of Secondary Batteries Dominant
Application-wise, the battery materials market can be split into primary batteries and secondary batteries. Of the two, the secondary batteries pulled in maximum revenue in 2016. Secondary batteries such as lithium ion, lead acid, and nickel metal hydride find use in automotive and consumer goods industries mostly. On account of the two sectors expanding at a healthy clip in the past few years, secondary batteries’ segment is expanding rapidly too.
The various types of battery materials are anode (cadmium, lithium, graphite, lead, carbon, magnesium, etc.), cathode (lithium, manganese dioxide, manganese oxide, nickel, lithium cobalt oxide, nickel cobalt aluminum, nickel manganese cobalt, lithium ferrophosphate, etc.), electrolyte (ammonium chloride, alkali metal hydroxide, zinc carbon, sulfuric acid, etc.), binders, and others. Among them, cathode accounts for maximum share in the market. Apart from that, electrolytes and anode are other key materials that have a substantial share in the market.
Consumer goods, particularly electric and electronic devices, is the dominant end-use segment in the global market for battery materials. Soaring sales of portable PC’s and mobiles are fueling demand for various battery materials. The transportation sector, comprised of automotive, aerospace, locomotive, and marine transport, is another key end-use segment. Currently, increasing uptake of electric vehicles and hybrid vehicles is pushing up demand for battery materials.
Presence of Key Automobile Manufacturers Makes North America Dominant Market
From a geographical perspective, North America leads the battery materials market with maximum share. Presence of key automotive manufacturers in the region along with environmental awareness and stringent regulations pertaining to harmful vehicular emissions which is generating a solid demand for battery-powered electric vehicles in the region is proving beneficial to the market. This, in turn, is boosting the market for battery materials. The U.S. is at the forefront of driving the market in the region.
In terms of growth rate, on the other hand, Asia Pacific is expected to take the lead by clocking the maximum CAGR of 16.2% during the period between 2017 and 2025. Swift pace of industrialization is mainly boosting the market in the region. China, with a large production capacity and equally high demand due to the thrust on adoption of electric vehicles to reduce pollution, is said to be primarily powering the growth in the region. By the end of the forecast period, Asia Pacific is expected to overtake Europe and North America vis-à-vis market share.
Some of the key players in the global battery materials market are Mitsubishi Chemical Holdings Corporation, BASF SE, FMC Corporation, Arkema SA, Cabot Corporation, Albemarle Corporation, Ube Industries Limited, Sumitomo Metal Mining Industries Limited, Asahi Kasei Corporation, and American Elements.
Increasing Demand from Automotive Sector to Boost Battery Materials Market
Increasing use of battery operated devices propels its high demand from all residential, commercial, and industrial sectors, thereby aiding in expansion of the global battery materials market. With the increasing shortage of natural resources, there is a requirement for alternate energy options that are equally effective. This shortage is expected to propel the demand for electric vehicles and other battery-driven vehicles running on batteries. This therefore, is consequently profiting the battery materials Market.
With ongoing mechanical advancements and innovations, the assembling of lithium particle batteries has gotten amazingly modest. This thereby is expected to additional drive the development of the battery materials market. Inside the buyer products and automotive area, there is an expanding and unmistakable fascination among makers for Effective energy stockpiling arrangements and this will likewise look good for the development of the battery materials Market. With an enormous number of nations casting a ballot to lessen carbon impression by supplanting traditional vehicles with non-dirtying electric and crossover vehicles, it is normal that the interest for battery materials will flood colossally.
The battery materials market is a high development market universally. Assembling organizations, research foundations, and battery producers are putting vigorously in mechanical headways of these batteries. These ventures are made to make batteries with high force thickness, long life cycle, ease, elite, and that are climate well disposed. Materials have appeal at a worldwide level, and their assembling is fundamentally driven by the Asian nations like Japan, China, and South Korea. The current interest is for ease batteries in this industry; producers favor materials that are savvy and offer elite. Significant uses of battery materials are in batteries utilized in compact gadgets, auto, mechanical, and power apparatuses.
In conclusion, substantial interests in car, hardware, and ESS are the key components driving the battery materials market across the globe, particularly in APAC. Moreover, government uphold, presence of a solid assembling base, and developing ventures via car organizations in an electric vehicle are driving the battery materials market around the world.
Global Battery Materials Market: Overview
This report analyzes and forecasts the market for battery materials at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (Tons) from 2017 to 2025. The study includes drivers and restraints of the global battery materials market. It also covers the impact of these drivers and restraints on demand for battery materials during the forecast period. The report also highlights opportunities in the battery materials market at the global and regional level.
The report provides the estimated market size of battery materials for 2016 and forecast for the next eight years. The global market size of battery materials has been provided in terms of revenue. Market numbers have been estimated based on material type, application, and end-user segments of battery materials market. Market size and forecast for each major material type, application, and end-user have been provided in terms of global and regional markets.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global battery materials market. Porter’s Five Forces model for the battery materials market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Battery Materials Market: Segmentation
The study provides a decisive view of the global battery materials market by segmenting it in terms of material type, application, and end-user. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for battery materials in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual material type, application, and end-user segments in all the regions.
Global Battery Materials Market: Competitive Landscape
The study includes profiles of major companies operating in the global battery materials market. Key players in the battery materials market include BASF SE, Mitsubishi Chemical Holdings Corporation, Arkema SA, FMC Corporation, Cabot Corporation, Ube Industries Limited, Albemarle Corporation, Sumitomo Metal Mining Industries Limited, Asahi Kasei Corporation, American Elements, among others. Market players have been profiled in terms of attributes such as company overview, overall revenue, business strategies, recent developments, and SWOT analysis.
Global Battery Materials Market: Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, webcasts specific to companies operating in the market, American Chemical Society, International Council of Chemical Associations, 4m Associations, and European Union. Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, type, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report segments the global battery materials market as follows: