Global Battery Materials Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Battery Materials MarketGlobal Battery Materials Market Dynamics:
In emerging countries, increasing industrialization, rising demand for laptops and mobile phones, and the automotive industry would act as drivers for this market. The manufacturer can offer decent opportunities in the global market by improving efficiency and quality in terms of storage and energy. Nevertheless, increasing raw material prices such as cobalt, magnesium lead, and lithium are the challenges for this market. Stringent safety requirements for batteries during operation are anticipated to restrain the growth of the battery materials market during the forecast period.
Global Battery Materials Market Segment Analysis:
Based on battery type, the lead-acid segment is projected to account for the largest share of the battery materials market in 2019. Rise in investments in lead-acid battery energy by building large energy storage systems in the industrial application will drive the growth of the lead-acid battery materials market during the forecast period. The adoption of renewable-based energy battery storage systems by several countries to overcome cost and carbon emission issues from fuel energy will also drive this market.
Global Battery Materials Market Regional Analysis:
Geographically, North America leads the market with maximum share. The presence of automotive manufacturers in the region along with environmental awareness and stringent regulations pertaining to harmful vehicular emissions, which are generating a solid demand for battery-powered electric vehicles in the region is showing benefits to the market. This, in order, is boosting the market for battery materials. The U.S. is at the lead of driving the market in the region.
According to the growth rate, on the other hand, Asia Pacific is anticipated to take the lead by clocking the maximum CAGR of XX % during the period between 2019 and 2027. The swift pace of industrialization is mostly boosting the market in the region. China, with a large production capacity and equally high demand because of the thrust on adoption of electric vehicles to decrease pollution. By the end of the forecast period, Asia Pacific is estimated to overtake Europe and North America regarding market share.
The objective of the report is to present a comprehensive assessment of the market and contain insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding global battery materials market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Scope of the Global Battery Materials Market Report:
Global Battery Materials Market, by Battery Type
Global Battery Materials Market, by Material
Global Battery Materials Market, by Application
o Electric vehicles
o Portable devices
Global Battery Materials Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Battery Materials Market:
• Umicore (Belgium)
• Asahi Kasei (Japan)
• Mitsubishi Chemical Holdings (Japan)
• POSCO (South Korea)
• Johnson Matthey (UK)
• Hitachi Chemical Company (Japan)
• Kureha Corporation (Japan)
• Sumitomo Corporation (Japan)
• Toray Industries (Japan)
• Mitsui Mining & Smelting (Japan)
• BASF SE
• Arkema SA
• FMC Corporation
• Cabot Corporation
• Ube Industries Limited
• Albemarle Corporation
• American Elements
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