BEIJING, Nov. 16, 2022 (GLOBE NEWSWIRE) — The Global Battery raw materials market The size accounted for USD 47.3 billion in 2021 and is expected to occupy a market size of USD 91.5 billion by 2030, growing at a CAGR of 7.7% from 2022 to 2030.
Battery raw materials market statistics
- The global market value of battery raw materials was USD 47.3 billion in 2021 and is expected to grow at a CAGR of 7.7% from 2022 to 2030
- Asia Pacific Battery Raw Materials Market Revenue Exceeds 30% Market Share in 2021
- North America Battery Raw Materials Market Growth to Register a CAGR of Over 7.5% from 2022 to 2030
- According to data from the Indian Brand Equity Foundation (IBEF), the consumer electronics industry was valued at $426 billion in 2020
- Among battery types, lithium-ion diseases accounted for more than 48% share in 2021
- Based on the application of li-ion battery materials, consumer electronics garnered more than 50% of the total market share
- Growing adoption of recycled Li-ion battery materials is a global battery raw materials market trend fueling industry demand
Battery Raw Materials Market Growth Drivers
- Growth of electric vehicles such as HEVs and PHEVs
- Rise of consumer electronics
- Increased focus on lead-acid battery waste management
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Battery Raw Materials Market Report Coverage:
|Market||Battery raw materials market|
|Battery raw materials market Size 2021||$47.3 billion|
|Battery raw materials market Forecast 2030||$91.5 billion|
|Battery raw materials market CAGR from 2022 to 2030||7.7%|
|Battery raw materials market Analysis period||2018 – 2030|
|Battery raw materials market Year of reference||2021|
|Battery raw materials market Forecast data||2022 – 2030|
|Segments Covered||By Battery Type, By Li-Ion Battery Material, By Li-ion Battery Material Application, By Lead Acid Battery Material, By Lead Acid Battery Material Application, By Other Battery Material And By Geography|
|Battery raw materials market Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||ITOCHU Corporation, Targray Technology International Inc., Celgard LLC, Umicore SA, Entek International LLC, 3M, Valence Technology, Inc., BASF Catalysts LLC and Nichia Corporation.|
|Report cover||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
Market dynamics of raw materials for batteries
Battery manufacturers are placing more emphasis on material sourcing, mining and raw material handling starting with the major players in the battery raw material market. The battery raw materials industry is distinguished by the presence of a rigorous regulatory framework that imposes strict guidelines on the processing, extraction, assembly, shipping and packaging of waste.
Due to growing environmental concerns, battery-powered lithium particle batteries are increasingly being used in place of traditional corrosive lead-acid batteries. In addition, the use of sustainable sources of vitality, for example solar energy, should lead to increased interest in lithium batteries.
The corrosive lead acid battery industry is extremely saturated and the level of development of the technology used in the article is generally limited accordingly. Reduced application levels and concerns over the use of carcinogenic materials in lead-acid batteries are also expected to limit industry growth.
To drive demand, factors such as awareness of viable supply of battery materials, reuse and efficient waste transfer are necessary. Manufacturers are given various instructions and affirmations, for example, US Spot, PHMSA and EU-Batteries Directive, to ensure product quality and attract customers.
The company is defined by the use of various innovative processes, such as the soluble extraction technique, the nano-filtration framework and the rotary kiln electric heating policy. These advancements are used to improve the performance and efficiency of battery materials as needed.
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Segmentation of the battery raw materials market
The global battery raw materials market is segmented into Li-ion battery material, Li-ion battery material application, lead acid battery material, lead acid battery material application, other battery materials and region.
On the basis of Li-ion battery material, the global battery raw material market is segmented into electric anode (amorphous carbon, natural graphite, artificial graphite, LTO and Si compounds), cathode (NMC, LCO, LMO, LFP and NEC) , and separator, other (binder, electrolyte and packaging material).
Based on the application of Li-ion battery materials, the global battery raw materials market is segmented into automotive, consumer electronics, network storage and others.
On the basis of lead-acid battery material, the global battery raw material market is segmented into battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV).
On the basis of lead acid battery material, the global battery raw material market is segmented into electrolyte, electrodes, separator and packaging.
Based on the application of lead-acid battery materials, the global battery raw materials market is segmented into power inverters, light automobiles, telecommunications, and others.
On the basis of other battery materials, the global battery raw materials market is segmented into separator, electrolyte, electrodes, and packaging.
On the basis of region, the global battery raw materials market is segmented into North America, Europe, Latin America, Asia-Pacific, Middle East & Africa.
Battery raw materials market share
According to an industry analysis of battery raw materials, lithium-ion will account for more than 48% of the global total by 2021. The cathode sub-segment is expected to hold a major market share from 2022 to 2030, according to our raw materials for batteries. market forecast. During the forecast period, the consumer electronics sub-segment generated significant market revenue based on the application of li-ion battery materials.
Regional growth of the battery raw materials market
The asset-rich North American showcase is particularly ideal for makers to establish a base. US minerals and metals savings total $6.1 trillion, which is used in consumer hardware, automobiles, solar panels and other applications.
The European show is expected to follow interest in lithium particle storage batteries for high-end automobiles. The area’s activity is characterized by extraordinary competition between real market players. A significant portion of battery raw materials are mined in the South American region, while many construction agents are located in Asia-Pacific and North America. Metals handled in China are exported to North America for use in automobiles.
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Battery Raw Material Market Players
3M, BASF Catalysts LLC, Celgard LLC, Entek International LLC, ITOCHU Corporation, Nichia Corporation, Targray Technology International Inc., Umicore SA and Valence Technology, Inc. are the major players in the global battery raw materials market. International business is eager to try to capitalize in Asia-Pacific developing countries. As a result, many integration partnerships and associations programmed with the trades of this region are being set up. All these factors are expected to drive the growth of the battery raw materials market.
Questions this report answers
- What was the market size of the Battery Raw Materials Market in 2021?
- What will be the CAGR of the Battery Raw Materials Market during the forecast period, 2022 to 2030?
- Who are the key players in the Global Battery Raw Materials Market?
- Which region held the largest battery raw materials market share in 2021?
- What are the key market drivers of the Battery Raw Materials Market?
- What is the largest end-user battery raw material market?
- How much will the battery raw materials market be worth in 2030?
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