The Global Battery Material Market is estimated to reach USD 90.4 Billion by 2027 at a CAGR of 8.5 %, states forencis research (FSR).
Battery is referred as device which is designed to provide energy through movement of electrons within a circuit. These flow of electrons is mainly depending on the materials used a cathode, anode or electrolyte in the battery. Battery materials are the materials that carry out reduction and oxidation leading to energy storage or generation. These can be metal or nonmetals or even alloys that focuses on optimizing the overall efficiency of the battery.
Market Drivers:
The demand for electric vehicles is escalating since few years and is expected to continue the trend in the years to follow. Electric vehicle is gaining more interest owing to higher environmental concerns all over the globe. These electrically driven vehicles are technological advanced, and emits lower Volatile Organic Compounds (VOCs), and possess higher efficiency. In addition to this, favorable government support towards electric vehicles from the developed and emerging nations to minimize the overall hazardous emission leading to climate change is pushing the demand for electric vehicles.
Higher penetration of the internet across the globe is escalating demand for the smart devices. With growing demand for smart device, there exist more need for lithium battery, which further boost the overall market growth. Increasing technology friendly population, higher internet access with increasing technological advancement leading to emergence of more advanced smart devices is pushing the market growth higher. Higher consumer awareness towards wearable smart devices, is further increasing adoption of the portable batteries, which is anticipated to push the market growth higher.
Market Restraints:
Lithium batteries are need for the future, owing increase shift towards portable devices. Hence, the shipment of these batteries are required with higher safety. Transportation of these Li-ion batteries is under strict supervision as batteries contains hazardous, and toxic to living organism. To govern this, certain regulation has been imposed subject to specific packaging, marking, labeling. Packing instructions for air transport of lithium batteries globally is revised under the International Civil Aviation Organization (ICAO), which prohibits transport of the lithium ion batteries as cargo on passenger aircraft.
Such restrictions on the battery transport is projected to hamper the overall market growth.
The report on the Battery Material market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) Volume (Units) |
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Segments Included |
Type, Components, Fuel Type, Application, End User and Region |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa and South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Battery Material Market, by Material
Battery Material Market, by Application
Battery Material Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Rise in Demand for Lithium Ion Battery
4.2.2. Expanding Application Areas of Batteries
4.3 Restraints
4.3.1. Strict Legislation for Transportation of Battery Material
4.4 Opportunities
4.4.1. Emergence of Next Generation Battery Systems
4.5 Challenges
4.5.1 Strict Regulation of Use Lead, Mercury, And Cadmium
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 COGNITIVE SERVICE[AP1] MARKET BY SERVICE, Market Size in USD Million (2019—2027)
6.1 Introduction
6.2 Knowledge Management
6.3 Nickel Cadmium (Ni-Cd)
6.3.1 Nickel Oxide Hydroxide
6.3.2 Metallic Cadmium
6.3.3 Non-woven Polyolefin
6.3.4 Others
6.4 Lead acid
6.4.1 Lead Dioxide
6.4.2 Metallic Lead
6.4.3 Dilute Sulfuric Acid
6.4.4 Others
6.5 Nickel-Metal Hydride(Ni-MH)
6.5.1 Nickel-hydroxide
6.5.2 Metallic Alloys
6.5.3 Potassium-hydroxide (KOH)
6.5.4 Others
6.6 Lithium Ion Battery Material
6.6.1 Cathode
6.2.1.1 LCO (lithium cobalt oxide)
6.2.1.2 LFP (lithium-iron phosphate)
6.2.1.3 NCA (lithium nickel cobalt aluminum oxide)
6.2.1.4 NCM (lithium nickel cobalt manganese oxide)
6.2.1.5 LMO (lithium manganese oxide)
6.2.1.6 Pure nickel LNO (lithium nickel oxide) cathodes
6.6.2 Anode
6.2.2.1 Carbon
6.2.2.2 LTO (lithium titanate oxide)
6.6.3 Seperator
6.2.3.1 Polyolefin
6.7 Others
7 BATTERY MATERIAL MARKET BY TECHNOLOGY, Market Size in USD Million (2019—2027)
7.1 Introduction
7.2 Machine Learning
7.3 Natural Language Processing
7.4 Optimization
7.5 Robotics
8 BATTERY MATERIAL MARKET BY APPLICATION, Market Size in USD Million (2019—2027)
8.1 Introduction
8.2 Portable Electronics
8.3 Medical Devices
8.4 Power Tools
8.5 Power Back up
8.6 Electric Vehicles
8.7 Military
8.8 Others
9 BATTERY MATERIAL MARKET BY REGION, Market Size in USD Million (2019—2027)
9.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
9.2 Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. UK
8.2.5. Spain
8.2.6. Rest of Europe
9.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Rest of Asia-Pacific
9.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East & Africa
9.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
10 COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 BASF SE
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.2 Umicore
11.3 NICHIA CORPORATION
11.4 Mitsubishi Chemical Corporation
11.5 3M
11.6 Dow
11.7 LG Chem
11.8 SHOWA DENKO K.K
11.9 Asahi Kasei Corporation
11.10 POSCO
11.11 Other Key Companies
12 APPENDIX
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customizaton options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain