About Battery Materials
The storage batteries are used in various electronic devices such as mobile phone ad laptops. Additionally, it is also used in electric vehicles. Among the types of batteries, lithium ion batteries are mostly used as it has high energy density. These type of batteries consists of cathode, anode, electrolyte and separator. The cathode consist of lithium ion phosphate, Lithium manganese oxide, lithium nickel cobalt aluminium oxide, and others. Whereas the anode consists of graphite. Since the lithium ion batteries have wide usage, the materials of battery has higher demand which is propelling the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Battery Materials market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M (United States), Asahi Kasei Corporation (Japan), Basf (Germany), Dow (United States), Celgard (United States), Ningbo Shanshan Company (China), Ecopro (Switzerland), Entek International (United Kingdom), Hitachi Chemical (Japan) and Itochu (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kureha (Japan), Mitsubishi Chemical (Japan), Nichia Corporation (Japan) and Nippon Denko (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Battery Materials market by Type (Cathode, Electrolyte, Anode, Separator, Binder and Packaging materials), Application (Laptops/notebooks, Cellular/mobile phones, Power tools, Automotive, Household devices and Others) and Region.
On the basis of geography, the market of Battery Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Battery type, the sub-segment i.e. Alkaline Batteries will boost the Battery Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Installations of Solar PV and Rising Adoption of Smart Wearable
Market Growth Drivers:
Rising Usage of Electronic Devices is Fueling the Market Growth and Features Such as Compact Size, Long Discharge Life and High Energy Density is Propelling the Market
Challenges:
Restricted Usage of Li Ion Batteries in Air Transportation
Restraints:
High Costs Associated with the Batteries
Opportunities:
Increasing Production of Electric Vehicles, Growing Popularity of Portable Electronics and Increasing Disposable Income in the Developing Economies
Market Leaders and their expansionary development strategies
In May 2019, 3M has acquired Acelity Inc. This acquisition will help the company to expand the business in advanced surgical care.
In February 2019, DOE has launched R&D center for lithium ion battery recycling to develop the recycling processes.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.