1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power
  5. > Energy Storage Market Trends

US Battery & Fuel Cell Materials Market

  • January 2014
  • 240 pages
  • Freedonia
Report ID: 701241

Summary

Table of Contents

US demand to reach $6 billion in 2017

US demand for battery and fuel cell materials is expected to rise more than four percent annually through 2017 to $6.0 billion. Growing motor vehicle production, as well as the motor vehicle industry’s increasing adoption of advanced energy storage technologies to meet government fuel efficiency mandates, will support growth in battery material demand, particularly for polymers and chemicals. Though rising from a much smaller base, fuel cell material demand will rise at a rapid double-digit pace due to the increasing adoption of fuel cells in electrical generation and industrial/motive power applications. However, even faster gains will be limited by the fuel cell industry’s continuing efforts to reduce costs, including through the adoption of less expensive and more efficient alternatives.

Polymer & chemical materials to see above-average growth

The motor vehicle industry’s ongoing efforts to meet increasingly stringent fuel efficiency requirements through the more widespread adoption of alternatives to the traditional flooded lead-acid battery will begin to be felt by the battery material industry over the forecast period. The rising adoption of rechargeable lithiumion batteries in hybrid, plug-in hybrid, and electric vehicles will help drive above average growth in polymer and chemical battery material demand as vehicle manufacturers ramp up domestic production of these batteries to supply their North American operations. In addition, the increasing adoption of startstop ignition technology will lead to the expanded usage of advanced glass mat (AGM) lead-acid batteries, boosting demand for more specialty materials such as glass fibers. More broadly, the ongoing rebound in US motor vehicle production will increase lead-acid battery shipments, which will be the primary driver of rising battery material demand overall.

Fuel cells to post doubledigit annual growth

Robust global demand for fuel cells as alternatives in electricity generation and industrial and motive power applications will support the rapid expansion of the US fuel cell industry, and drive doubledigit growth in fuel cell material demand through 2017. All material types will benefit, though industry efforts to find alternative electrode catalyst materials will limit faster advances in fuel cell metal demand. Even faster growth in fuel cell material demand over the long term will reflect the penetration of fuel cells in motor vehicle and portable device applications.

Performance additive, catalyst materials to pace gains

Among functional categories for battery and fuel cell materials, the most rapid gains will be for performance additive and catalyst materials, and for electrolytes.

Growth will be driven by the ongoing need to improve battery durability and performance, as well as by surging demand for fuel cells, most of which use expensive platinum catalysts. Active materials and electrodes are the leading outlet for materials, but are expected to lag overall market increases in demand through 2017. Battery current collectors are expected to grow at the slowest pace of any function in the 2012-2017 period, as manufacturers continue to increase cost reduction efforts.

Study coverage

Details on these and other findings are contained in the upcoming Freedonia industry study, Battery & Fuel Cell Materials, priced at $5100. It presents historical demand data (2002, 2007 and 2012) plus forecasts for 2017 and 2022 by type, function and application for both material segments. The study also details market environment factors, examines the industry structure, evaluates company market share and profiles 35 US industry players such as Ballard Power Systems, Celanese, OM Group and Umicore.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Advanced Materials for Advanced Batteries and Fuel Cells: Technologies and Global Markets

  • $ 6650
  • Industry report
  • March 2017
  • by BCC Research

Use this report to: - Gain insight into the market dynamics of advanced battery and fuel cell technologies in terms of market value, number of units shipped and types of materials used. - Identify leading ...

Global Solid Oxide Fuel Cells (SOFCs) - Energy

  • $ 4950
  • Industry report
  • March 2017
  • by Global Industry Analysts

This report analyzes the worldwide markets for Solid Oxide Fuel Cells (SOFCs) in US$ Thousand. The Global market is further analyzed by the following Applications: Remote Power & Auxiliary Power Units, ...

Global Fuel Cell Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 – 2023

  • $ 3900
  • Industry report
  • June 2017
  • by Occams

The global fuel cell market is expected to grow with the CAGR of approximately 17.5% during the forecast period (2016-2023).The market growth is primarily driven due to increasing demand for unconventional ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.