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Battery Materials Market by Battery Type, Material, Application And Region - Global Forecast to 2023

Battery Materials Market: Global Forecast until 2023

  • April 2018
  • 171 pages
  • ID: 5391630
In this report:
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Summary

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The battery materials market is estimated to rise at a compound annual growth rate of ~8.6 percent from 2018 to 2023.

The battery materials market is forecasted to grow from ~$43.5B in 2018 to ~$65.8B by 2023, at a compound annual growth rate (CAGR) of ~8.6 percent between 2018 and 2023. The increasing demand for battery materials for different battery types, including lead-acid, lithium-ion, and others, is anticipated to fuel the rise of the battery materials market. Nevertheless, stringent environmental regulations are anticipated to restrain the increase of the battery materials market during the outlook period.

The lithium-ion segment is forecasted to be the quickest-rising battery type segment of the battery materials market during the estimate period.

The lithium-ion segment is anticipated to be the quickest-increasing battery type segment of the battery materials market during the outlook period.Automobile manufacturers have started focusing on EVs, as various countries and their governments have taken initiatives towards a green environment and lower CO2 emission.

The increasing use of EVs and the use of portable electronic devices are likely to drive the lithium-ion battery materials market during the estimate period.

Increasing demand from Asia-Pac is a main aspect that is predicted to push the battery materials market.

The APAC area is forecast to witness the more important rise during the outlook period.The increase of this market is influenced by the large demand for battery energy in APAC countries.

The large demand for battery from the automotive sector due to the growth in the use of EVs and industrial markets powered by usage in telecom, railways, power, and other industrial applications are driving the battery materials market in Asia-Pacific.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were performed. The break-up of the primary interviews is presented below:

• By Company category: Tier 1 - 32.0 percent, Tier 2 - 38.0 percent, and Others - 30.0 percent

• By Description: C-suite - 42.0 percent, Director-level - 31.0 percent, and Others - 27.0 percent

• By Area: North America continent - 59.0 percent, Europe (EU) - 19.0 percent, Asia-Pac - 12.0 percent, RoW - 10.0 percent

Note: Others includes sales managers, marketing managers, and product managers.

Rest of the world includes territories from the Middle East (ME), African continent, and South America region.

Tiers of firms are defined based on their total revenues in 2016: Tier 1 = >USD 1 billion, Tier 2 = $100.0M to $1.0B, and Tier 3 =

Key firms decribed in this research report contain Umicore, Asahi Kasei, Mitsubishi Chemical Holdings, POSCO, Johnson Matthey, Hitachi Chemical Company, Kureha Corporation, Sumitomo Corporation, Toray Sectors, and Mitsui Mining & Smelting, among others.

Segment Research

The study includes the sector for battery materials and its applications across various industry verticals and territories.It aims at evaluating the market value and the potential of the battery materials market across distinct battery types, materials, applications, and localities.

The analysis also comprises an detailed competitive review of main market actors, together with their company descriptions, latest developments, and key industries strategies.

Why acquiring this study can help you

The industry report will facilitate industry top players/new sector entrants by providing them closest approximations of revenues in the battery materials market.This industry report will also assist partners better comprehend the market's competitive landscape, and gain insights to position their businesses and formulate industry strategies.

The study will also assist partners comprehend the pulse of the sector and acquire info on main market drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on battery materials provided by top market actors

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the battery materials market

• Market Development: Highlighted information about profitable emerging sectors - the market research examines the industries for battery materials across different regions

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the battery materials market

• opposing assessment: Detailed assessment of market shares, increase strategies, products, and manufacturing competences of key players in the battery materials market

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