The Global Battery Raw Materials Market Size accounted for USD 47.3 Billion in 2021 and is projected to occupy a market size of USD 91.5 Billion by 2030 growing at a CAGR of 7.7% from 2022 to 2030.
Personal mobility electrification is gaining traction in ways that even its most ardent supporters could not have predicted just a few years ago. Government mandates will hasten change in many countries. Battery-powered lithium particle batteries are utilized widely in contrast with customary lead corrosive batteries because of rise of natural concerns. What's more, development being used of sustainable wellsprings of vitality, for example, sun based is relied upon to result in uplifted interest for lithium batteries. The lead corrosive battery industry is overwhelmingly soaked and the degree for development of the innovation utilized in the item is generally restricted thus. Lessening application degree and concerns with respect to utilization of cancer-causing materials in lead batteries are likewise expected to confine industry development.
Battery Raw Materials Market Report Statistics
Global Battery Raw Materials Market Dynamics
Battery Raw Materials Market Report Coverage
|Market||Battery Raw Materials Market|
|Battery Raw Materials Market Size 2021||USD 47.3 Billion|
|Battery Raw Materials Market Forecast 2030||USD 91.5 Billion|
|Battery Raw Materials Market CAGR During 2022 - 2030||7.7%|
|Battery Raw Materials Market Analysis Period||2018 - 2030|
|Battery Raw Materials Market Base Year||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 Batteries Material, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||ITOCHU Corporation, Targray Technology International Inc., Celgard LLC, Umicore S.A., Entek International LLC, 3M, Valence Technology, Inc., BASF Catalysts LLC, and Nichia Corporation.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Battery Raw Materials Market Growth Factors
The business is probably going to profit by expanding use of lightweight and battery-powered batteries in consumer electronics products, for example, workstations and cell phones. Also, an extending middle-income population group with increased inclination for cell phones is probably going to drive the market.
High demand in research and development for mining, handling, and assembling raw materials utilized in the assembling of batteries is relied upon to positively affect showcase development. Key industry players are engaged in patenting technologies and on equipment and components that offer higher execution and productivity so as to build yearly incomes.
Battery Raw Materials Market Segmentation
The global battery raw materials market is segmented based on battery type, li-ion battery material, li-ion battery material application, lead acid battery material, lead acid battery material application, other batteries material, and geography.
Battery Raw Materials Market By Type
According to an analysis of the battery raw materials industry, lithium-ion will account for more than 48% of the total market in 2021. Due to the rising demand for electric vehicles, the lithium-ion segment is anticipated to dominate during the forecast period. Because of its tint memory effect, low self-discharge, and high energy density, it is utilized in portable electronic devices.
Battery Raw Materials Market By Li-Ion Battery Material
According to our battery raw materials market forecast, the cathode sub-segment is anticipated to hold a prominent market share from 2022 to 2030. The market for battery raw materials is dominated by the cathode segment. The main element of the battery that affects the cell's energy density is the cathode material. Utilizing cell capacity, the energy density is calculated. The choice of cathode materials is influenced by a number of variables, including operating temperature, cell voltage, capacity, energy and power capabilities, and cycle life.
Battery Raw Materials Market By Li-Ion Battery Material Application
Based on li-ion battery material application, the consumer electronics sub-segment generated significant market revenue during the forecast period. Although the consumer electronics sector has experienced a significant slowdown due to its maturity, newer and more intelligent electronic devices are expected to open up new opportunities for the sector to expand. Globally expanding use of smart devices is also anticipated to present expansion opportunities.
Battery Raw Materials Market By Lead Acid Battery Material
Battery Raw Materials Market By Lead Acid Battery Material Application
Battery Raw Materials Market By Other Batteries Material
Battery Raw Materials Market Regional Outlook
The Middle East & Africa
Battery Raw Materials Market Regional Analysis
The asset rich North America showcase is exceptionally great for makers to set up their base. The minerals and metal saves in U.S. sum to USD 6.1 trillion, which is utilized in buyer hardware, car, sun based parts, and others applications. The Europe showcase is relied upon to observe appeal for lithium particle stockpiling batteries for extravagance autos. The business in the locale is described by extraordinary challenge between real market players. A noteworthy bit of battery raw materials are mined from the South American district, while countless and constructing agents are situated in Asia Pacific and North America. Handled metals in China are traded to North America for use in car applications.
Battery Raw Materials Market Players
The market is portrayed by substantial number of products generating higher incomes, with the automotive industry accounting the biggest market chunk. Organizations contend based on creative techniques and patents acquired. Growing R&D investments paired with technical advancements to commercialize highly efficient products are expected to offer huge growth opportunities for industry participants. Some of the main businesses present in the battery raw materials market are ITOCHU Corporation, Targray Technology International Inc., Celgard LLC, Umicore S.A., Entek International LLC, 3M, Valence Technology, Inc., BASF Catalysts LLC, and Nichia Corporation. Significant strategic initiatives undertaken by global businesses include partnerships, new product launch, acquisitions.
The market size of battery raw materials market in 2021 was accounted to be USD 47.3 Billion.
The projected CAGR of battery raw materials market during the analysis period of 2022 to 2030 is 7.7%.
The prominent players of the global battery raw materials market include ITOCHU Corporation, Targray Technology International Inc., Celgard LLC, Umicore S.A., Entek International LLC, 3M, Valence Technology, Inc., BASF Catalysts LLC, and Nichia Corporation.
Asia-Pacific held the dominating battery raw materials during the analysis period of 2022 to 2030.
North America region exhibited fastest growing CAGR for battery raw materials during the analysis period of 2022 to 2030.
Growth in electric vehicles such as HEVs and PHEVs, increasing demand for lithium-ion technology in renewable energy industry, and surge in consumer electronic devices drives the growth of global battery raw materials market.
Based on battery type, lithium-ion segment is expected to hold the maximum share of the battery raw materials market.