Battery Materials Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2027

The global battery materials market is expected to reach USD 89.75 Billion by 2027, according to a new report by Emergen Research. The battery materials market is experiencing a rapid growth rate attributable to the growing demand for lead-acid and lithium-ion batteries, among others in applications such as consumer electronics, automotive, and grid storage, among others. The demand for lithium-ion batteries has witnessed a spiraling growth, owing to a surge in demand for laptops and smart devices such as smartphones and tablets in recent years. The global increase in the overall shipment units of smartphones is fuelling the sale lithium-ion (Li-ion) battery materials for its rechargeable characteristics.

The growing demand for lithium-ion batteries for energy storage and renewable energy is a significant factor in driving the battery materials market growth. Battery energy storage systems are deployed for storage of generated electrical power in power plants, mostly renewable power plants. Batteries are beneficial in observing and regulating the electrical energy with precision by aiding customers to decrease the cost incurred in energy consumption and offer a power pack-up for critical loads. Energy storage systems find widespread usage in commercial and industrial applications.

The global Battery Materials market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Battery Materials market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Battery Materials market.

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The Global Battery Materials Report is a panoramic study of the overall Battery Materials market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Battery Materials market. The report provides a detailed analysis of the key factors of the Battery Materials market that are expected to have a positive impact on the growth of the Battery Materials industry.

The Global Battery Materials Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.

Regional Overview:

The global Battery Materials market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Battery Materials market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

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Key Highlights From The Report

By battery type, lead-acid battery, in terms of market size, held the largest market share in 2019. These batteries are used by several end-users owing to the offering of advantages, including better corrosion gassing resistance, overcharging, and self-discharge protection, as well as cost and energy efficiency.
By material type, metal metal oxides contributed to the largest battery materials market share in 2019 and are likely to grow at a rate of 8.1% in the forecast period. These materials are primarily used in the making of cathode and anode, both of which are required to possess good electrical conductivity, as well as oxidizing or reducing property, respectively.
By application, consumer electronics contributed to the largest market share in 2019. Growing demand for laptops, UPS, and smart devices, among other consumer electronics devices that require batteries for operation and or portability, is driving the demand for battery materials.

Key participants include Asahi Kasei Corporation, Hitachi Chemicals, Umicore, POSCO, Mitsui Mining Chemical Company, Johnson Matthey, Kureha Corporation, Mitsubishi Chemical Holdings, Toray, and Dow Chemical, among others.

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Emergen Research has segmented the global battery materials market on the basis of battery type, material type, application, and region:

Battery Type Outlook (Revenue, USD Billion; 2017-2027)
- Lead-Acid
- Lithium-Ion
- Others
Material Type Outlook (Revenue, USD Billion; 2017-2027)
- Metal Metal Oxides
- Other Chemical Compounds
Application Outlook (Revenue, USD Billion; 2017-2027)
- Consumer Electronics
- Automotive
- Grid Storage
- Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
  1. S
  2. Canada
- Europe
  1. Germany
  2. UK
  3. France
  4. BENELUX
  5. Rest of Europe
- Asia Pacific
  1. China
  2. Japan
  3. South Korea
  4. Rest of APAC
- Latin America
  1. Brazil
  2. Rest of LATAM
- MEA
  1. Saudi Arabia
  2. UAE
  3. Rest of MEA