According to
a new market report published by Lucintel, the future of the battery material market
looks promising with opportunities in the transportation, industrial, and consumer
electronics industries. The global battery material market is expected to reach
an estimated $69.2 billion by 2023 with a CAGR of 8.7% from 2018 to 2023. The major drivers for this market are growing adoption of electric
vehicles, rising demand for portable electronics, and growing need for energy
storage devices.
In this
market, various cathode and anode material such as, lead dioxide, lithium
manganese oxide, lithium cobalt oxide, nickel manganese cobalt, nickel cobalt
aluminum, lithium-iron phosphate, lead, natural graphite, synthetic graphite are
used to manufacture various types of batteries. Lucintel forecasts that cathode
will to remain the largest segment and it is expected to witness the highest growth during the forecast period due
to growth in lead acid and lithium ion battery considering increase in
automotive industry.
Within this market, material used in battery
for transportation is expected to remain the largest
end use industry and witness highest
growth over the forecast period. Customer inclination towards electric vehicles
and growing preference of NMC (Nickel Manganese Cobalt) and NCA (Nickelk Cobalt
Aluminium) based lithium-ion batteries in electric vehicles are expected to
drive the market of battery materials in the automotive industry.
Asia Pacific is expected to
remain the largest market and witness the highest growth over the forecast
period. Growing production of electric vehicles, consumer
electronics, and the growing demand for backup power systems are expected to
boost demand for the battery material market in this region.
Emerging trends, which have a direct impact on
the dynamics of the industry, include development of solid state electrolyte and
the emergence of sodium-ion batteries. Umicore, Asahi Kasei, Henan Yuguang,
Glencore, Nyrstar, Sumitomo Metal Mining, Mitsubishi Chemical, and Hitachi
Chemical are the major suppliers of battery materials.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the global battery material market
by material, chemistry type, battery type, end use industry, and region and has
come up with a comprehensive research report entitled “Growth
Opportunities in the Global Battery Material Market 2018-2023: Trends,
Forecast, and Opportunity Analysis.” The Lucintel report serves as
a catalyst for growth strategies as it provides a comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast
for the global battery material market by material type, chemistry type, battery
type, end use industry, and region as follows:
By Material
[Volume (Kilotons) and $M shipment analysis
from 2012 to 2023]:
·
Cathode
– Lead
dioxide
– Lithium
manganese oxide
– Lithium
cobalt oxide
– Nickel
manganese cobalt
– Nickel
cobalt aluminum
– Lithium-iron
phosphate
·
Anode
– Lead
– Natural
Graphite
– Synthetic
Graphite
– Others
·
Electrolyte
·
Separator
·
Others
By Chemistry
Type [Volume (Kilotons) and $M shipment analysis
from 2012 to 2023]:
·
Lead-Acid
·
Lithium-ion
·
Alkaline
·
Others
By End
Use Industry [Volume (Kilotons) and $M
shipment analysis from 2012 to 2023]:
·
Transportation
– Electric
Vehicle
Ø BEV
Ø HEV
Ø PHEV
– Internal
combustion engine (ICE)
·
Industrial
– Energy
Storage
– Others
·
Consumer Electronics
– Cellphone
– Portable
Computers
– Others
·
Others
By Battery
Type [Volume (Kilotons) and $M shipment analysis
from 2012 to 2023]:
·
Primary Battery
·
Secondary Battery
By Region [Volume (Kilotons) and $M shipment
analysis from 2012 to 2023]:
·
North America
– United
States
– Canada
– Mexico
·
Europe
– Germany
·
Asia Pacific
– China
– South
Korea
– Japan
·
The Rest of the World
This
270-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Telecommunication
Report, Telecommunication
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Matrix.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. We offer market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for
the global battery material market material type (Lead dioxide, Lithium
manganese oxide, Lithium cobalt oxide, Nickel manganese cobalt, Nickel cobalt aluminum,
Lithium-iron phosphate, Lead, Natural Graphite, Synthetic Graphite, Others), battery
type (primary and secondary), chemistry type (lead-acid, lithium-ion and others),
, end use industry (consumer electronics,
transportation, industrial, and others) and by region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2
Which segments will grow at a faster pace and why?
Q.3
Which regions will grow at a faster pace and why?
Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5
What are the business risks and threats to the market?
Q.6
What are the emerging trends in this market and reasons behind them?
Q.7
What are the changing demands of customers in the market?
Q.8
What are the new developments in the market? Which companies are leading these
developments?
Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10
What are some of the competitive products and processes in this area and how
big of a threat do they pose for loss of market share via product substitution?
Q.11
What M&A activity has occurred in the
last 5 years?
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