Global Lithium-ion Battery Materials Market Growth (Status and Outlook) 2025-2031

Global Lithium-ion Battery Materials Market Growth (Status and Outlook) 2025-2031

The global Lithium-ion Battery Materials market size is predicted to grow from US$ 16920 million in 2025 to US$ 32900 million in 2031; it is expected to grow at a CAGR of 11.7% from 2025 to 2031.

Lithium-ion Battery Materials refer to the essential components that make up a lithium-ion battery, each of which plays a crucial role in the energy storage, conversion, and overall performance of the battery. These materials include the cathode (positive electrode), anode (negative electrode), electrolyte, and separator, each contributing to the battery's charge and discharge capabilities, energy density, cycling stability, and safety.

The market for lithium-ion battery materials has experienced significant growth over the past decade, driven by the increasing demand for electric vehicles (EVs), renewable energy storage, and portable electronics. Lithium-ion batteries, known for their high energy density, long cycle life, and relatively low self-discharge rate, are now a critical component of numerous industries. Key drivers of this market include the shift toward green energy solutions, government incentives for EV adoption, and advancements in battery technology.

The demand for high-performance battery materials such as cathodes, anodes, electrolytes, and separators is intensifying as electric vehicle sales grow rapidly, and renewable energy installations like solar and wind require efficient storage systems. Notably, the expansion of lithium-ion battery production is also prompted by the rise of large-scale battery storage systems that support grid stability and energy decentralization.

One of the prominent trends is the increasing focus on material innovation to reduce costs, improve energy density, and enhance safety. Research into alternative anode materials, like silicon-based compounds, is ongoing, as they promise higher energy capacity compared to traditional graphite anodes. Furthermore, the recycling of lithium-ion batteries is becoming more critical, driven by environmental concerns and the need for sustainable raw material sourcing.

As the market grows, there is a strong emphasis on global supply chain optimization, with countries looking to secure reliable sources of lithium, cobalt, nickel, and other key materials. Geopolitical factors, such as trade policies and the movement toward battery material localization, also play a crucial role in shaping market dynamics.

LPI (LP Information)' newest research report, the “Lithium-ion Battery Materials Industry Forecast” looks at past sales and reviews total world Lithium-ion Battery Materials sales in 2024, providing a comprehensive analysis by region and market sector of projected Lithium-ion Battery Materials sales for 2025 through 2031. With Lithium-ion Battery Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lithium-ion Battery Materials industry.

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lithium-ion Battery Materials 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 Lithium-ion Battery Materials.

This report presents a comprehensive overview, market shares, and growth opportunities of Lithium-ion Battery Materials market by product type, application, key players and key regions and countries.

Segmentation by Type:
Cathode Material
Anode Materials
Lithium-Ion Battery Separator
Electrolyte

Segmentation by Application:
Automotive
Grid Energy Storage
Consumer Electronics
Others

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.
Umicore
Targray
LG Chem
BTR New Energy
Shanshan Technology
Showa Denko K.K.
Kureha Battery Materials
Mitsubishi Chemical
Asahi Kasei
Sumitomo Corporation
Toray

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