Global Battery Material Market Growth 2023-2029

Global Battery Material Market Growth 2023-2029

Battery is an electric cell that generates electricity from chemical reaction. Battery materials provide characteristic according to its application and manufacturing requirements in end products. The demand for battery materials are high owning to its increasing industrial application and expected to grow at a considerable rate in near future.

LPI (LP Information)' newest research report, the “Battery Material Industry Forecast” looks at past sales and reviews total world Battery Material sales in 2022, providing a comprehensive analysis by region and market sector of projected Battery Material sales for 2023 through 2029. With Battery Material sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Battery Material industry.

This Insight Report provides a comprehensive analysis of the global Battery Material landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Battery Material portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Battery Material market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Battery Material and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Battery Material.

The global Battery Material market size is projected to grow from US$ 38470 million in 2022 to US$ 54430 million in 2029; it is expected to grow at a CAGR of 54430 from 2023 to 2029.

Government efforts to decrease the fuel consumption without any change in driving habits have resulted the demand of electric hybrid vehicles. In developing countries, increasing industrialization, growing demand of laptops and mobile phones and automotive industry would act as a driver for this market. However, increasing raw material prices such as cobalt, magnesium lead and lithium are the challenges for this market. The manufacturer can offer good opportunity in global market by improving efficiency and quality in terms of storage and energy.

This report presents a comprehensive overview, market shares, and growth opportunities of Battery Material market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Lead-Acid
Lithium-Ion

Segmentation by application
Automotive
EVs
Portable Devices
Industrial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Celgard
Umicore
GS Yuasa Corp
Panasonic Corporation
Envia System
Duracell International
GP Batteries international
Toda Kogyo

Key Questions Addressed in this Report

What is the 10-year outlook for the global Battery Material market?

What factors are driving Battery Material market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Battery Material market opportunities vary by end market size?

How does Battery Material break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.