The global battery raw materials market size was valued at $47.5 billion in 2021, and projected to reach $87.1 billion by 2031, with a CAGR of 6.3% from 2022 to 2031.
Battery raw materials consist of all the materials extracted from metals for the production of batteries. They are mined from mineral ores or extracted from brines and consist of lithium, nickel, and cobalt among others. These metals are mined by major mining companies before being processed in to metal compounds and precursors. The end products are battery packs that are used in various end-use industries such as automotive, consumer electronics, and energy storage devices. The most common battery currently used is the Lithium-ion and lead acid battery. The above-mentioned batteries utilize major raw materials such as lithium, and lead. Furthermore, these batteries contain cobalt, nickel, and manganese to a certain extent.
Mining of metals has detrimental effects on the environment that could hamper the procurement of new mines in the future. This could mean a scarcity of the battery materials; thus, impacting the growth of the battery materials market. In addition, metals used in batteries such as Lithium and Nickel, are majorly concentrated in countries such as China, Australia, and Democratic Republic of the Congo (DRC). This creates a supply shortage risk, if any export restriction is brought into action. This is expected to hamper the global battery materials market during the forecast period. However, this also creates an opportunity for market growth. To ensure continuity of supply, countries will invest in the mining sector and increase the rate of extraction of critical minerals such as Lithium, Nickel, and Cobalt. In addition, developments in the electronic industry such as Internet of Things (IoT) and 5G network are projected to boost the consumption of batteries.
Europe also accounted for a significant share of the global market revenue in 2021. European countries have strict regulations toward the environment, which played a vital role in the development of lithium batteries as modern lithium-ion batteries use cobalt metal, which is harmful for the environment. The European Union has set targets toward carbon emission and on-going infrastructural development such as energy storage system solar farms, wind farms, and power transmission sector, as a power source for monitoring device in oil and gas pipelines are major users of lithium-ion batteries. The presence of European Space Agency and top aerospace companies such as Airbus, and Cobham in this region are fostering the demand for highly stable and low-cost batteries. In addition, this region is mostly known for its automotive industry and medical industry, as top companies across the globe are located here. On the other hand, the market in Asia Pacific is estimated to register the fastest growth rate over the forecast period.
The global battery raw materials market is segmented on the basis of type, material type, and region.
On the basis of type, it is segmented into lithium ion, lead acid, and others. Furthermore, lithium-ion segment is further classified into electric vehicles, consumer electronics, industrial, and others. Lead acid segment is bifurcated into automotive, industrial and others. On the basis of material type, the market is segmented into cathode, anode, electrolyte, separator, and others.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America, and Europe.
The major companies profiled in this report include Asahi Kasei Corporation, BASF SE, ECOPRO, Entek International, Johnson Matthey plc., LG Chem Ltd, NEI Corporation, Showa Denko K.K., Targray Technology International Inc., Toshiba Corporation, Hitachi Chemical Co. Ltd., 3M, Nichia Corporation, Valence Technology, Inc., Mitsubishi Chemical Corporation, Celgard, LLC, and Nippon Denko Co, Ltd. Rapid penetration of artificial intelligence and telecommunication technology in daily life has led to increase in the utilization of smart consumer electronics, which is expected to increase the demand for battery as it acts as power source. The above-mentioned factors will have positive impact on the demand for battery raw materials. Additional growth strategies such as expansion of storage capacities, acquisition, partnership and research & innovation in the optimization and improvement in efficiency of the battery have led to attain key developments in the global battery raw materials market trends.
The outbreak of COVID-19 has adversely impacted the market growth due to shutdown of manufacturing industries and decline in utilization of consumer electronics such as portable gadgets. Furthermore, the initiatives taken by the government to curb the spread of pandemic such as lock down had a great impact over the material supply. However, during the second half of the pandemic, there was a sudden surge in the demand for consumer electronics such as laptops, smart phones and other gadgets that were used to do work online. The increase in concept of work from home led to increase in demand for portable electronic gadgets during the pandemic period. The government initiatives to develop renewable power generation have boosted the demand for batteries for the energy storage, which led to increase in demand for battery raw material market.
Battery raw materials consist of all the materials extracted from metals for the production of batteries. They are mined from mineral ores or extracted from brines and consist of lithium, nickel, and cobalt among others. These metals are mined by major mining companies before being processed in to metal compounds and precursors. The end products are battery packs that are used in various end-use industries such as automotive, consumer electronics, and energy storage devices. The most common battery currently used is the Lithium-ion and lead acid battery. The above-mentioned batteries utilize major raw materials such as lithium, and lead. Furthermore, these batteries contain cobalt, nickel, and manganese to a certain extent.
Mining of metals has detrimental effects on the environment that could hamper the procurement of new mines in the future. This could mean a scarcity of the battery materials; thus, impacting the growth of the battery materials market. In addition, metals used in batteries such as Lithium and Nickel, are majorly concentrated in countries such as China, Australia, and Democratic Republic of the Congo (DRC). This creates a supply shortage risk, if any export restriction is brought into action. This is expected to hamper the global battery materials market during the forecast period. However, this also creates an opportunity for market growth. To ensure continuity of supply, countries will invest in the mining sector and increase the rate of extraction of critical minerals such as Lithium, Nickel, and Cobalt. In addition, developments in the electronic industry such as Internet of Things (IoT) and 5G network are projected to boost the consumption of batteries.
Europe also accounted for a significant share of the global market revenue in 2021. European countries have strict regulations toward the environment, which played a vital role in the development of lithium batteries as modern lithium-ion batteries use cobalt metal, which is harmful for the environment. The European Union has set targets toward carbon emission and on-going infrastructural development such as energy storage system solar farms, wind farms, and power transmission sector, as a power source for monitoring device in oil and gas pipelines are major users of lithium-ion batteries. The presence of European Space Agency and top aerospace companies such as Airbus, and Cobham in this region are fostering the demand for highly stable and low-cost batteries. In addition, this region is mostly known for its automotive industry and medical industry, as top companies across the globe are located here. On the other hand, the market in Asia Pacific is estimated to register the fastest growth rate over the forecast period.
The global battery raw materials market is segmented on the basis of type, material type, and region.
On the basis of type, it is segmented into lithium ion, lead acid, and others. Furthermore, lithium-ion segment is further classified into electric vehicles, consumer electronics, industrial, and others. Lead acid segment is bifurcated into automotive, industrial and others. On the basis of material type, the market is segmented into cathode, anode, electrolyte, separator, and others.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America, and Europe.
The major companies profiled in this report include Asahi Kasei Corporation, BASF SE, ECOPRO, Entek International, Johnson Matthey plc., LG Chem Ltd, NEI Corporation, Showa Denko K.K., Targray Technology International Inc., Toshiba Corporation, Hitachi Chemical Co. Ltd., 3M, Nichia Corporation, Valence Technology, Inc., Mitsubishi Chemical Corporation, Celgard, LLC, and Nippon Denko Co, Ltd. Rapid penetration of artificial intelligence and telecommunication technology in daily life has led to increase in the utilization of smart consumer electronics, which is expected to increase the demand for battery as it acts as power source. The above-mentioned factors will have positive impact on the demand for battery raw materials. Additional growth strategies such as expansion of storage capacities, acquisition, partnership and research & innovation in the optimization and improvement in efficiency of the battery have led to attain key developments in the global battery raw materials market trends.
Impact of Covid-19 on Global Battery Raw Materials Market
The global COVID-19 pandemic has a negative impact on the battery raw materials market. This market has experienced lower than anticipated demand across all regions compared to pre pandemic levels. The global market exhibited a decline in 2020 compared to 2019, due to shutdown of various industrial manufacturing facilities and close down of various power generation projects across the globe.The outbreak of COVID-19 has adversely impacted the market growth due to shutdown of manufacturing industries and decline in utilization of consumer electronics such as portable gadgets. Furthermore, the initiatives taken by the government to curb the spread of pandemic such as lock down had a great impact over the material supply. However, during the second half of the pandemic, there was a sudden surge in the demand for consumer electronics such as laptops, smart phones and other gadgets that were used to do work online. The increase in concept of work from home led to increase in demand for portable electronic gadgets during the pandemic period. The government initiatives to develop renewable power generation have boosted the demand for batteries for the energy storage, which led to increase in demand for battery raw material market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the battery raw materials market analysis from 2021 to 2031 to identify the prevailing battery raw materials market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the battery raw materials market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global battery raw materials market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Lithium-Ion
- Application
- Electric vehicles
- Consumer Electronics
- Industrial
- Others
- Lead-acid
- Application
- Automotive
- Industrial
- Others
- Others
By Material Type
- Cathode
- Anode
- Electrolyte
- Separator
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest Of LAMEA
Key Market Players
- ASAHI KASEI CORPORATION
- BASF SE
- ECOPRO
- ENTEK INTERNATIONAL
- Johnson Matthey plc
- LG Chem Ltd
- NEI CORPORATION
- showa denko k.k.
- TARGRAY TECHNOLOGY INTERNATIONAL INC.
- TOSHIBA Corporation
- Hitachi Chemical Co. Ltd.
- 3M
- Nichia Corporation
- Valence Technology, Inc.
- Mitsubishi Chemical Corporation
- Celgard, LLC
- Nippon Denko Co, Ltd
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Key Regulation Analysis
3.9. Patent Landscape
CHAPTER 4: BATTERY RAW MATERIALS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Lithium-Ion
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.2.4 Lithium-Ion Battery Raw Materials Market by Application
4.2.4.1 Electric vehicles Market size and forecast, by region
4.2.4.2 Electric vehicles Market size and forecast, by country
4.2.4.3 Consumer Electronics Market size and forecast, by region
4.2.4.4 Consumer Electronics Market size and forecast, by country
4.2.4.5 Industrial Market size and forecast, by region
4.2.4.6 Industrial Market size and forecast, by country
4.2.4.7 Others Market size and forecast, by region
4.2.4.8 Others Market size and forecast, by country
4.3 Lead-acid
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.3.4 Lead-acid Battery Raw Materials Market by Application
4.3.4.1 Automotive Market size and forecast, by region
4.3.4.2 Automotive Market size and forecast, by country
4.3.4.3 Industrial Market size and forecast, by region
4.3.4.4 Industrial Market size and forecast, by country
4.3.4.5 Others Market size and forecast, by region
4.3.4.6 Others Market size and forecast, by country
4.4 Others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: BATTERY RAW MATERIALS MARKET, BY MATERIAL TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Cathode
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Anode
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Electrolyte
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Separator
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
CHAPTER 6: BATTERY RAW MATERIALS MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.2.1 North America Lithium-Ion Battery Raw Materials Market by Application
6.2.2.2 North America Lead-acid Battery Raw Materials Market by Application
6.2.3 North America Market size and forecast, by Material Type
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.1.1 U.S. Lithium-Ion Battery Raw Materials Market by Application
6.2.4.1.1.2 U.S. Lead-acid Battery Raw Materials Market by Application
6.2.4.1.2 Market size and forecast, by Material Type
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.1.1 Canada Lithium-Ion Battery Raw Materials Market by Application
6.2.4.2.1.2 Canada Lead-acid Battery Raw Materials Market by Application
6.2.4.2.2 Market size and forecast, by Material Type
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.1.1 Mexico Lithium-Ion Battery Raw Materials Market by Application
6.2.4.3.1.2 Mexico Lead-acid Battery Raw Materials Market by Application
6.2.4.3.2 Market size and forecast, by Material Type
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.2.1 Europe Lithium-Ion Battery Raw Materials Market by Application
6.3.2.2 Europe Lead-acid Battery Raw Materials Market by Application
6.3.3 Europe Market size and forecast, by Material Type
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.1.1 Germany Lithium-Ion Battery Raw Materials Market by Application
6.3.4.1.1.2 Germany Lead-acid Battery Raw Materials Market by Application
6.3.4.1.2 Market size and forecast, by Material Type
6.3.4.2 France
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.1.1 France Lithium-Ion Battery Raw Materials Market by Application
6.3.4.2.1.2 France Lead-acid Battery Raw Materials Market by Application
6.3.4.2.2 Market size and forecast, by Material Type
6.3.4.3 Italy
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.1.1 Italy Lithium-Ion Battery Raw Materials Market by Application
6.3.4.3.1.2 Italy Lead-acid Battery Raw Materials Market by Application
6.3.4.3.2 Market size and forecast, by Material Type
6.3.4.4 UK
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.1.1 UK Lithium-Ion Battery Raw Materials Market by Application
6.3.4.4.1.2 UK Lead-acid Battery Raw Materials Market by Application
6.3.4.4.2 Market size and forecast, by Material Type
6.3.4.5 Spain
6.3.4.5.1 Market size and forecast, by Type
6.3.4.5.1.1 Spain Lithium-Ion Battery Raw Materials Market by Application
6.3.4.5.1.2 Spain Lead-acid Battery Raw Materials Market by Application
6.3.4.5.2 Market size and forecast, by Material Type
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Type
6.3.4.6.1.1 Rest of Europe Lithium-Ion Battery Raw Materials Market by Application
6.3.4.6.1.2 Rest of Europe Lead-acid Battery Raw Materials Market by Application
6.3.4.6.2 Market size and forecast, by Material Type
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.2.1 Asia-Pacific Lithium-Ion Battery Raw Materials Market by Application
6.4.2.2 Asia-Pacific Lead-acid Battery Raw Materials Market by Application
6.4.3 Asia-Pacific Market size and forecast, by Material Type
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.1.1 China Lithium-Ion Battery Raw Materials Market by Application
6.4.4.1.1.2 China Lead-acid Battery Raw Materials Market by Application
6.4.4.1.2 Market size and forecast, by Material Type
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.1.1 Japan Lithium-Ion Battery Raw Materials Market by Application
6.4.4.2.1.2 Japan Lead-acid Battery Raw Materials Market by Application
6.4.4.2.2 Market size and forecast, by Material Type
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.1.1 India Lithium-Ion Battery Raw Materials Market by Application
6.4.4.3.1.2 India Lead-acid Battery Raw Materials Market by Application
6.4.4.3.2 Market size and forecast, by Material Type
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.1.1 South Korea Lithium-Ion Battery Raw Materials Market by Application
6.4.4.4.1.2 South Korea Lead-acid Battery Raw Materials Market by Application
6.4.4.4.2 Market size and forecast, by Material Type
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Type
6.4.4.5.1.1 Australia Lithium-Ion Battery Raw Materials Market by Application
6.4.4.5.1.2 Australia Lead-acid Battery Raw Materials Market by Application
6.4.4.5.2 Market size and forecast, by Material Type
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market size and forecast, by Type
6.4.4.6.1.1 Rest of Asia-Pacific Lithium-Ion Battery Raw Materials Market by Application
6.4.4.6.1.2 Rest of Asia-Pacific Lead-acid Battery Raw Materials Market by Application
6.4.4.6.2 Market size and forecast, by Material Type
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.2.1 LAMEA Lithium-Ion Battery Raw Materials Market by Application
6.5.2.2 LAMEA Lead-acid Battery Raw Materials Market by Application
6.5.3 LAMEA Market size and forecast, by Material Type
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.1.1 Brazil Lithium-Ion Battery Raw Materials Market by Application
6.5.4.1.1.2 Brazil Lead-acid Battery Raw Materials Market by Application
6.5.4.1.2 Market size and forecast, by Material Type
6.5.4.2 South Africa
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.1.1 South Africa Lithium-Ion Battery Raw Materials Market by Application
6.5.4.2.1.2 South Africa Lead-acid Battery Raw Materials Market by Application
6.5.4.2.2 Market size and forecast, by Material Type
6.5.4.3 Saudi Arabia
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.1.1 Saudi Arabia Lithium-Ion Battery Raw Materials Market by Application
6.5.4.3.1.2 Saudi Arabia Lead-acid Battery Raw Materials Market by Application
6.5.4.3.2 Market size and forecast, by Material Type
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Type
6.5.4.4.1.1 Rest of LAMEA Lithium-Ion Battery Raw Materials Market by Application
6.5.4.4.1.2 Rest of LAMEA Lead-acid Battery Raw Materials Market by Application
6.5.4.4.2 Market size and forecast, by Material Type
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 ASAHI KASEI CORPORATION
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 BASF SE
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 ECOPRO
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 ENTEK INTERNATIONAL
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Johnson Matthey plc
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 LG Chem Ltd
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 NEI CORPORATION
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 showa denko k. k.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 TARGRAY TECHNOLOGY INTERNATIONAL INC.
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 TOSHIBA Corporation
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 Hitachi Chemical Co. Ltd.
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 3M
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments
8.13 Nichia Corporation
8.13.1 Company overview
8.13.2 Company snapshot
8.13.3 Operating business segments
8.13.4 Product portfolio
8.13.5 Business performance
8.13.6 Key strategic moves and developments
8.14 Valence Technology, Inc.
8.14.1 Company overview
8.14.2 Company snapshot
8.14.3 Operating business segments
8.14.4 Product portfolio
8.14.5 Business performance
8.14.6 Key strategic moves and developments
8.15 Mitsubishi Chemical Corporation
8.15.1 Company overview
8.15.2 Company snapshot
8.15.3 Operating business segments
8.15.4 Product portfolio
8.15.5 Business performance
8.15.6 Key strategic moves and developments
8.16 Celgard, LLC
8.16.1 Company overview
8.16.2 Company snapshot
8.16.3 Operating business segments
8.16.4 Product portfolio
8.16.5 Business performance
8.16.6 Key strategic moves and developments
8.17 Nippon Denko Co, Ltd
8.17.1 Company overview
8.17.2 Company snapshot
8.17.3 Operating business segments
8.17.4 Product portfolio
8.17.5 Business performance
8.17.6 Key strategic moves and developments
List of Tables
Table 1. Global Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 2. Battery Raw Materials Market, for Lithium-Ion, by Region, 2021-2031 ($Million)
Table 3. Battery Raw Materials Market for Lithium-Ion, by Country, 2021-2031 ($Million)
Table 4. Global Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 5. Battery Raw Materials Market, for Electric Vehicles, by Region, 2021-2031 ($Million)
Table 6. Battery Raw Materials Market, for Electric Vehicles, by Country, 2021-2031 ($Million)
Table 7. Battery Raw Materials Market, for Consumer Electronics, by Region, 2021-2031 ($Million)
Table 8. Battery Raw Materials Market, for Consumer Electronics, by Country, 2021-2031 ($Million)
Table 9. Battery Raw Materials Market, for Industrial, by Region, 2021-2031 ($Million)
Table 10. Battery Raw Materials Market, for Industrial, by Country, 2021-2031 ($Million)
Table 11. Battery Raw Materials Market, for Others, by Region, 2021-2031 ($Million)
Table 12. Battery Raw Materials Market, for Others, by Country, 2021-2031 ($Million)
Table 13. Battery Raw Materials Market, for Lead-Acid, by Region, 2021-2031 ($Million)
Table 14. Battery Raw Materials Market for Lead-Acid, by Country, 2021-2031 ($Million)
Table 15. Global Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 16. Battery Raw Materials Market, for Automotive, by Region, 2021-2031 ($Million)
Table 17. Battery Raw Materials Market, for Automotive, by Country, 2021-2031 ($Million)
Table 18. Battery Raw Materials Market, for Industrial, by Region, 2021-2031 ($Million)
Table 19. Battery Raw Materials Market, for Industrial, by Country, 2021-2031 ($Million)
Table 20. Battery Raw Materials Market, for Others, by Region, 2021-2031 ($Million)
Table 21. Battery Raw Materials Market, for Others, by Country, 2021-2031 ($Million)
Table 22. Battery Raw Materials Market, for Others, by Region, 2021-2031 ($Million)
Table 23. Battery Raw Materials Market for Others, by Country, 2021-2031 ($Million)
Table 24. Global Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 25. Battery Raw Materials Market, for Cathode, by Region, 2021-2031 ($Million)
Table 26. Battery Raw Materials Market for Cathode, by Country, 2021-2031 ($Million)
Table 27. Battery Raw Materials Market, for Anode, by Region, 2021-2031 ($Million)
Table 28. Battery Raw Materials Market for Anode, by Country, 2021-2031 ($Million)
Table 29. Battery Raw Materials Market, for Electrolyte, by Region, 2021-2031 ($Million)
Table 30. Battery Raw Materials Market for Electrolyte, by Country, 2021-2031 ($Million)
Table 31. Battery Raw Materials Market, for Separator, by Region, 2021-2031 ($Million)
Table 32. Battery Raw Materials Market for Separator, by Country, 2021-2031 ($Million)
Table 33. Battery Raw Materials Market, for Others, by Region, 2021-2031 ($Million)
Table 34. Battery Raw Materials Market for Others, by Country, 2021-2031 ($Million)
Table 35. Battery Raw Materials Market, by Region, 2021-2031 ($Million)
Table 36. North America Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 37. North America Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 38. North America Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 39. North America Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 40. North America Battery Raw Materials Market, by Country, 2021-2031 ($Million)
Table 41. U.S. Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 42. U.S. Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 43. U.S. Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 44. U.S. Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 45. Canada Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 46. Canada Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 47. Canada Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 48. Canada Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 49. Mexico Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 50. Mexico Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 51. Mexico Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 52. Mexico Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 53. Europe Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 54. Europe Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 55. Europe Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 56. Europe Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 57. Europe Battery Raw Materials Market, by Country, 2021-2031 ($Million)
Table 58. Germany Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 59. Germany Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 60. Germany Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 61. Germany Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 62. France Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 63. France Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 64. France Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 65. France Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 66. Italy Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 67. Italy Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 68. Italy Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 69. Italy Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 70. UK Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 71. UK Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 72. UK Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 73. UK Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 74. Spain Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 75. Spain Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 76. Spain Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 77. Spain Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 78. Rest of Europe Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 79. Rest of Europe Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 80. Rest of Europe Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 81. Rest of Europe Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 82. Asia-Pacific Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 83. Asia-Pacific Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 84. Asia-Pacific Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 85. Asia-Pacific Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 86. Asia-Pacific Battery Raw Materials Market, by Country, 2021-2031 ($Million)
Table 87. China Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 88. China Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 89. China Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 90. China Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 91. Japan Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 92. Japan Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 93. Japan Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 94. Japan Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 95. India Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 96. India Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 97. India Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 98. India Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 99. South Korea Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 100. South Korea Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 101. South Korea Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 102. South Korea Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 103. Australia Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 104. Australia Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 105. Australia Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 106. Australia Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 107. Rest of Asia-Pacific Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 108. Rest of Asia-Pacific Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 109. Rest of Asia-Pacific Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 110. Rest of Asia-Pacific Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 111. LAMEA Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 112. LAMEA Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 113. LAMEA Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 114. LAMEA Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 115. LAMEA Battery Raw Materials Market, by Country, 2021-2031 ($Million)
Table 116. Brazil Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 117. Brazil Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 118. Brazil Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 119. Brazil Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 120. South Africa Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 121. South Africa Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 122. South Africa Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 123. South Africa Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 124. Saudi Arabia Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 125. Saudi Arabia Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 126. Saudi Arabia Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 127. Saudi Arabia Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 128. Rest of LAMEA Battery Raw Materials Market, by Type, 2021-2031 ($Million)
Table 129. Rest of LAMEA Lithium-Ion Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 130. Rest of LAMEA Lead-Acid Battery Raw Materials Market, by Application, 2021-2031 ($Million)
Table 131. Rest of LAMEA Battery Raw Materials Market, by Material Type, 2021-2031 ($Million)
Table 132. Asahi Kasei Corporation: Company Snapshot
Table 133. Asahi Kasei Corporation: Operating Segments
Table 134. Asahi Kasei Corporation: Product Portfolio
Table 135. Asahi Kasei Corporation: Net Sales
Table 136. Asahi Kasei Corporation: Key Strategies
Table 137. BASF SE: Company Snapshot
Table 138. BASF SE: Operating Segments
Table 139. BASF SE: Product Portfolio
Table 140. BASF SE: Net Sales
Table 141. BASF SE: Key Strategies
Table 142. Ecopro: Company Snapshot
Table 143. Ecopro: Operating Segments
Table 144. Ecopro: Product Portfolio
Table 145. Ecopro: Net Sales
Table 146. Ecopro: Key Strategies
Table 147. Entek International: Company Snapshot
Table 148. Entek International: Operating Segments
Table 149. Entek International: Product Portfolio
Table 150. Entek International: Net Sales
Table 151. Entek International: Key Strategies
Table 152. Johnson Matthey PLC: Company Snapshot
Table 153. Johnson Matthey PLC: Operating Segments
Table 154. Johnson Matthey PLC: Product Portfolio
Table 155. Johnson Matthey PLC: Net Sales
Table 156. Johnson Matthey PLC: Key Strategies
Table 157. LG Chem Ltd.: Company Snapshot
Table 158. LG Chem Ltd.: Operating Segments
Table 159. LG Chem Ltd.: Product Portfolio
Table 160. LG Chem Ltd.: Net Sales
Table 161. LG Chem Ltd.: Key Strategies
Table 162. Nei Corporation: Company Snapshot
Table 163. Nei Corporation: Operating Segments
Table 164. Nei Corporation: Product Portfolio
Table 165. Nei Corporation: Net Sales
Table 166. Nei Corporation: Key Strategies
Table 167. Showa Denko K. K.: Company Snapshot
Table 168. Showa Denko K. K.: Operating Segments
Table 169. Showa Denko K. K.: Product Portfolio
Table 170. Showa Denko K. K.: Net Sales
Table 171. Showa Denko K. K.: Key Strategies
Table 172. Targray Technology International Inc.: Company Snapshot
Table 173. Targray Technology International Inc.: Operating Segments
Table 174. Targray Technology International Inc.: Product Portfolio
Table 175. Targray Technology International Inc.: Net Sales
Table 176. Targray Technology International Inc.: Key Strategies
Table 177. Toshiba Corporation: Company Snapshot
Table 178. Toshiba Corporation: Operating Segments
Table 179. Toshiba Corporation: Product Portfolio
Table 180. Toshiba Corporation: Net Sales
Table 181. Toshiba Corporation: Key Strategies
Table 182. Hitachi Chemical Co. Ltd.: Company Snapshot
Table 183. Hitachi Chemical Co. Ltd.: Operating Segments
Table 184. Hitachi Chemical Co. Ltd.: Product Portfolio
Table 185. Hitachi Chemical Co. Ltd.: Net Sales
Table 186. Hitachi Chemical Co. Ltd.: Key Strategies
Table 187. 3M: Company Snapshot
Table 188. 3M: Operating Segments
Table 189. 3M: Product Portfolio
Table 190. 3M: Net Sales
Table 191. 3M: Key Strategies
Table 192. Nichia Corporation: Company Snapshot
Table 193. Nichia Corporation: Operating Segments
Table 194. Nichia Corporation: Product Portfolio
Table 195. Nichia Corporation: Net Sales
Table 196. Nichia Corporation: Key Strategies
Table 197. Valence Technology, Inc.: Company Snapshot
Table 198. Valence Technology, Inc.: Operating Segments
Table 199. Valence Technology, Inc.: Product Portfolio
Table 200. Valence Technology, Inc.: Net Sales
Table 201. Valence Technology, Inc.: Key Strategies
Table 202. Mitsubishi Chemical Corporation: Company Snapshot
Table 203. Mitsubishi Chemical Corporation: Operating Segments
Table 204. Mitsubishi Chemical Corporation: Product Portfolio
Table 205. Mitsubishi Chemical Corporation: Net Sales
Table 206. Mitsubishi Chemical Corporation: Key Strategies
Table 207. Celgard, LLC: Company Snapshot
Table 208. Celgard, LLC: Operating Segments
Table 209. Celgard, LLC: Product Portfolio
Table 210. Celgard, LLC: Net Sales
Table 211. Celgard, LLC: Key Strategies
Table 212. Nippon Denko Co, Ltd.: Company Snapshot
Table 213. Nippon Denko Co, Ltd.: Operating Segments
Table 214. Nippon Denko Co, Ltd.: Product Portfolio
Table 215. Nippon Denko Co, Ltd.: Net Sales
Table 216. Nippon Denko Co, Ltd.: Key Strategies
List of Figures
Figure 1. Battery Raw Materials Market Segmentation
Figure 2. Battery Raw Materials Market, 2021-2031
Figure 3. Battery Raw Materials Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Battery Raw Materials Mark.:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Key Regulation Analysis
Figure 14. Patent Analysis by Company
Figure 15. Patent Analysis by Country
Figure 16. Battery Raw Materials Market, By Type, 2021(%)
Figure 17. Comparative Share Analysis of Lithium-Ion Battery Raw Materials Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Lead-Acid Battery Raw Materials Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Others Battery Raw Materials Market, 2021-2031(%)
Figure 20. Battery Raw Materials Market, By Material Type, 2021(%)
Figure 21. Comparative Share Analysis of Cathode Battery Raw Materials Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Anode Battery Raw Materials Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Electrolyte Battery Raw Materials Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Separator Battery Raw Materials Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Others Battery Raw Materials Market, 2021-2031(%)
Figure 26. Battery Raw Materials Market by Region, 2021
Figure 27. U.S. Battery Raw Materials Market, 2021-2031($Million)
Figure 28. Canada Battery Raw Materials Market, 2021-2031($Million)
Figure 29. Mexico Battery Raw Materials Market, 2021-2031($Million)
Figure 30. Germany Battery Raw Materials Market, 2021-2031($Million)
Figure 31. France Battery Raw Materials Market, 2021-2031($Million)
Figure 32. Italy Battery Raw Materials Market, 2021-2031($Million)
Figure 33. Uk Battery Raw Materials Market, 2021-2031($Million)
Figure 34. Spain Battery Raw Materials Market, 2021-2031($Million)
Figure 35. Rest of Europe Battery Raw Materials Market, 2021-2031($Million)
Figure 36. China Battery Raw Materials Market, 2021-2031($Million)
Figure 37. Japan Battery Raw Materials Market, 2021-2031($Million)
Figure 38. India Battery Raw Materials Market, 2021-2031($Million)
Figure 39. South Korea Battery Raw Materials Market, 2021-2031($Million)
Figure 40. Australia Battery Raw Materials Market, 2021-2031($Million)
Figure 41. Rest of Asia-Pacific Battery Raw Materials Market, 2021-2031($Million)
Figure 42. Brazil Battery Raw Materials Market, 2021-2031($Million)
Figure 43. South Africa Battery Raw Materials Market, 2021-2031($Million)
Figure 44. Saudi Arabia Battery Raw Materials Market, 2021-2031($Million)
Figure 45. Rest of LAMEA Battery Raw Materials Market, 2021-2031($Million)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap of Top 10 Key Players
Figure 52. Asahi Kasei Corporatio.: Net Sales, ($Million)
Figure 53. Basf S.: Net Sales, ($Million)
Figure 54. Ecopr.: Net Sales, ($Million)
Figure 55. Entek Internationa.: Net Sales, ($Million)
Figure 56. Johnson Matthey pl.: Net Sales, ($Million)
Figure 57. Lg Chem Lt.: Net Sales, ($Million)
Figure 58. Nei Corporatio.: Net Sales, ($Million)
Figure 59. Showa Denko K.K.: Net Sales, ($Million)
Figure 60. Targray Technology International Inc.: Net Sales, ($Million)
Figure 61. Toshiba Corporatio.: Net Sales, ($Million)
Figure 62. Hitachi Chemical Co. Ltd.: Net Sales, ($Million)
Figure 63. 3.: Net Sales, ($Million)
Figure 64. Nichia Corporatio.: Net Sales, ($Million)
Figure 65. Valence Technology, Inc.: Net Sales, ($Million)
Figure 66. Mitsubishi Chemical Corporatio.: Net Sales, ($Million)
Figure 67. Celgard, LL.: Net Sales, ($Million)
Figure 68. Nippon Denko Co, Lt.: Net Sales, ($Million)
Executive Summary
According to the report, “Battery Raw Materials Market," the battery raw materials market size was valued at $47.5 billion in 2021, and battery raw materials industry is estimated to reach $87.1 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.Battery raw materials consist of all materials used in producing battery packs, mainly from lithium, lead, cobalt, and nickel. Extensive usage of batteries in electric vehicles coupled with high demand for consumer electronic products, is anticipated to drive battery raw materials market growth. Industry growth is also accredited to supportive government policies and low barriers to the adoption of electric vehicles. The industry is expected to benefit from increased usage of lightweight and rechargeable batteries in consumer electronics products such as laptops and smartphones. In addition, an expanding middle-income population group with an increased preference for mobile devices is projected to drive battery raw materials market opportunities.
Factors such as growth in awareness about sustainable sourcing of battery raw materials, recycling, and efficient waste disposal, are expected to drive demand. Producers are adopting various regulations and certifications such as the U.S. DOT, PHMSA, and EU-Batteries.
Rise in smartphone sales and electronic devices will boost battery production, thus driving the supply of battery raw materials during the forecast period. Lithium-ion battery is the most common type of battery installed in a smartphone. It is widely used in various communication and electronics industries as a high-efficiency energy carrier. Although the demand for consumer electronics could decrease due to the effect of COVID-19 pandemic on the consumer purchasing trends, the sales of smartphones and other types of consumer electronics is expected to grow in the long run.
According to a Swedish multinational telecommunications company, Ericsson, a total of around 410 million additional smartphone users are expected in India alone by 2025. The global EV market has also gained foothold in the mainstream automotive market. Batteries are a critical element of an EV and hence, will have a positive influence on the global battery raw materials market. The sales of new EVs will drive the entire supply chain of battery raw materials during the forecast period. The above mentioned are the key factors that provide remunerative opportunities for the growth of battery raw materials market.
The global battery raw materials market forecast is segmented on the basis of by type, material type, and region.
On the basis of type, it is segmented into lithium ion, lead acid, and others. Furthermore, lithium-ion segment is further classified into electric vehicles, consumer electronics, industrial, and others. Lead acid segment is categorized into automotive, industrial and others. On the basis of material type, the market is segmented into cathode, anode, electrolyte, separator, and others.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest battery raw materials market share, followed by North America, and Europe.
The major companies profiled in this report include Asahi Kasei Corporation, BASF SE, ECOPRO, Entek International, Johnson Matthey plc., LG Chem Ltd, NEI Corporation, Showa Denko K.K., Targray Technology International Inc., Toshiba Corporation, Hitachi Chemical Co. Ltd., 3M, Nichia Corporation, Valence Technology, Inc., Mitsubishi Chemical Corporation, Celgard, LLC, and Nippon Denko Co, Ltd. Rapid penetration of artificial intelligence and telecommunication technology in daily life has led to increase in utilization of smart consumer electronics, which is expected to increase the demand for battery as they act as power source.
The above-mentioned factors will have positive impact on the demand for battery raw materials. Additional growth strategies such as expansion of storage capacities, acquisition, partnership and research & innovation in the optimization and improvement in efficiency of the battery have led to attain key developments in the global battery raw materials market trends.
Key Findings of the Study
- Region wise, Asia-Pacific is expected to exhibit CAGR of 6.7% during 2022-2031.
- As per global battery raw materials market analysis, by type, the lithium-ion segment accounted for the largest share in 2021.
- By material type, cathode segment was the leading segment in 2021.
Impact of Covid-19 on Global Battery Raw Materials Market
The global COVID-19 pandemic has a negative impact on the battery raw materials market. This market has experienced lower than anticipated demand across all regions compared to pre pandemic levels. The global market exhibited a decline in 2020 compared to 2019, due to shutdown of various industrial manufacturing facilities and close down of various power generation projects across the globe.The outbreak of COVID-19 has adversely impacted the market growth due to shutdown of manufacturing industries and decline in utilization of consumer electronics such as portable gadgets. Furthermore, the initiatives taken by the government to curb the spread of pandemic such as lock down had a great impact over the material supply. However, during the second half of the pandemic, there was a sudden surge in the demand for consumer electronics such as laptops, smart phones and other gadgets that were used to do work online. The increase in concept of work from home led to increase in demand for portable electronic gadgets during the pandemic period.
The government initiatives to develop renewable power generation have boosted the demand for batteries for the energy storage, which led to increase in demand for battery raw material market.
Companies Mentioned
- ASAHI KASEI CORPORATION
- BASF SE
- ECOPRO
- ENTEK INTERNATIONAL
- Johnson Matthey plc
- LG Chem Ltd
- NEI CORPORATION
- showa denko k.k.
- TARGRAY TECHNOLOGY INTERNATIONAL INC.
- TOSHIBA Corporation
- Hitachi Chemical Co. Ltd.
- 3M
- Nichia Corporation
- Valence Technology, Inc.
- Mitsubishi Chemical Corporation
- Celgard, LLC
- Nippon Denko Co, Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 350 |
| Published | September 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 47.5 billion |
| Forecasted Market Value ( USD | $ 87.1 billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
