Battery Materials Market Size, Share, Trends, Growth Outlook

Battery Materials Market is estimated to increase at a growth rate of 14.9% CAGR over the forecast period from 2024 to 2030.

The global Battery Materials Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Lead-acid Battery, Lithium-ion Battery), By Material (Cathode, Anode, Electrolyte), By Application (Portable Device, Electric Vehicle, Industrial, Automotive, Others).

An Introduction to Global Battery Materials Market, 2024

The battery materials market is witnessing rapid expansion in 2024, driven by the electrification of vehicles, energy storage applications, and the demand for high-performance battery chemistries. Battery materials encompass a diverse range of elements and compounds, including lithium, cobalt, nickel, graphite, and electrolytes, essential for manufacturing lithium-ion batteries, lead-acid batteries, and emerging battery technologies. With the transition towards electric vehicles (EVs), grid-scale energy storage, and portable electronics, the demand for battery materials is soaring, spurring investments in mining, refining, and recycling infrastructure. Moreover, research and development efforts focus on improving battery performance, safety, and sustainability through advancements in materials science, electrode designs, and manufacturing processes. As the global transition towards clean energy accelerates, the battery materials market plays a pivotal role in enabling the widespread adoption of electric mobility and renewable energy solutions.

Battery Materials Competitive Landscape

The global Battery Materials market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Battery Materials Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Battery Materials Market Industry include- Asahi Kasei Corp, Johnson Matthey plc, Kureha Corp, Mitsubishi Chemical Holdings Corp, Mitsui Mining & Smelting Co. Ltd, POSCO, Showa Denko K.K., Sumitomo Corp, Toray Industries Inc, Umicore N.V..

Battery Materials Market Trend: Surge in Demand for Electric Vehicle Batteries

The Battery Materials Market is witnessing a prominent trend driven by the surge in demand for batteries used in electric vehicles (EVs). As the automotive industry accelerates towards electrification to reduce emissions and comply with stringent regulations, there's a growing need for lithium-ion batteries and other advanced energy storage solutions. This trend is reinforced by government incentives, subsidies, and mandates promoting the adoption of electric vehicles, as well as advancements in battery technology, enabling longer driving ranges and faster charging times. Consequently, the Battery Materials Market experiences increased demand for key materials such as lithium, cobalt, nickel, and graphite, driving market growth and reshaping supply chain dynamics in the battery industry.

Battery Materials Market Driver: Advancements in Energy Storage Technologies

A key driver propelling the Battery Materials Market is the continuous advancements in energy storage technologies, particularly in the development of high-performance and cost-effective battery chemistries. With increasing emphasis on renewable energy integration, grid stabilization, and energy independence, there's a growing demand for batteries capable of storing and efficiently distributing electricity from renewable sources such as solar and wind power. This driver is reinforced by efforts to enhance energy efficiency, reduce reliance on fossil fuels, and address climate change concerns, driving investment in research and development of next-generation battery materials and technologies. Additionally, the proliferation of portable electronics, energy storage systems, and grid-scale batteries further stimulates demand for battery materials, fostering innovation and market expansion in the Battery Materials Market.

Battery Materials Market Opportunity: Recycling and Circular Economy Initiatives

An opportunity within the Battery Materials Market lies in the implementation of recycling and circular economy initiatives to address environmental concerns and reduce reliance on virgin materials. As the volume of end-of-life batteries increases, there's a growing need for sustainable solutions for battery recycling and materials recovery. Manufacturers and stakeholders in the battery industry can capitalize on this opportunity by investing in recycling infrastructure, developing efficient recycling processes, and establishing closed-loop supply chains that enable the reuse of recovered materials in new battery production. Moreover, government regulations mandating battery recycling and incentives for eco-friendly practices create a conducive environment for companies to innovate and invest in circular economy initiatives, thus driving market growth while reducing environmental impact and promoting resource conservation in the Battery Materials Market.

Battery Materials Market Segmentation

By Type
Lead-acid Battery
Lithium-ion Battery
By Material
Cathode
Anode
Electrolyte
By Application
Portable Device
Electric Vehicle
Industrial
Automotive
OthersGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Battery Materials Companies

Asahi Kasei Corp
Johnson Matthey plc
Kureha Corp
Mitsubishi Chemical Holdings Corp
Mitsui Mining & Smelting Co. Ltd
POSCO
Showa Denko K.K.
Sumitomo Corp
Toray Industries Inc
Umicore N.V.
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Battery Materials Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Battery Materials Market Size Outlook, $ Million, 2021 to 2030
3.2 Battery Materials Market Outlook by Type, $ Million, 2021 to 2030
3.3 Battery Materials Market Outlook by Product, $ Million, 2021 to 2030
3.4 Battery Materials Market Outlook by Application, $ Million, 2021 to 2030
3.5 Battery Materials Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Battery Materials Industry
4.2 Key Market Trends in Battery Materials Industry
4.3 Potential Opportunities in Battery Materials Industry
4.4 Key Challenges in Battery Materials Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Battery Materials Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Battery Materials Market Outlook by Segments
7.1 Battery Materials Market Outlook by Segments, $ Million, 2021- 2030
By Type
Lead-acid Battery
Lithium-ion Battery
By Material
Cathode
Anode
Electrolyte
By Application
Portable Device
Electric Vehicle
Industrial
Automotive
Others

8 North America Battery Materials Market Analysis and Outlook To 2030
8.1 Introduction to North America Battery Materials Markets in 2024
8.2 North America Battery Materials Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Battery Materials Market size Outlook by Segments, 2021-2030
By Type
Lead-acid Battery
Lithium-ion Battery
By Material
Cathode
Anode
Electrolyte
By Application
Portable Device
Electric Vehicle
Industrial
Automotive
Others

9 Europe Battery Materials Market Analysis and Outlook To 2030
9.1 Introduction to Europe Battery Materials Markets in 2024
9.2 Europe Battery Materials Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Battery Materials Market Size Outlook by Segments, 2021-2030
By Type
Lead-acid Battery
Lithium-ion Battery
By Material
Cathode
Anode
Electrolyte
By Application
Portable Device
Electric Vehicle
Industrial
Automotive
Others

10 Asia Pacific Battery Materials Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Battery Materials Markets in 2024
10.2 Asia Pacific Battery Materials Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Battery Materials Market size Outlook by Segments, 2021-2030
By Type
Lead-acid Battery
Lithium-ion Battery
By Material
Cathode
Anode
Electrolyte
By Application
Portable Device
Electric Vehicle
Industrial
Automotive
Others

11 South America Battery Materials Market Analysis and Outlook To 2030
11.1 Introduction to South America Battery Materials Markets in 2024
11.2 South America Battery Materials Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Battery Materials Market size Outlook by Segments, 2021-2030
By Type
Lead-acid Battery
Lithium-ion Battery
By Material
Cathode
Anode
Electrolyte
By Application
Portable Device
Electric Vehicle
Industrial
Automotive
Others

12 Middle East and Africa Battery Materials Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Battery Materials Markets in 2024
12.2 Middle East and Africa Battery Materials Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Battery Materials Market size Outlook by Segments, 2021-2030
By Type
Lead-acid Battery
Lithium-ion Battery
By Material
Cathode
Anode
Electrolyte
By Application
Portable Device
Electric Vehicle
Industrial
Automotive
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Asahi Kasei Corp
Johnson Matthey plc
Kureha Corp
Mitsubishi Chemical Holdings Corp
Mitsui Mining & Smelting Co. Ltd
POSCO
Showa Denko K.K.
Sumitomo Corp
Toray Industries Inc
Umicore N.V.

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
Lead-acid Battery
Lithium-ion Battery
By Material
Cathode
Anode
Electrolyte
By Application
Portable Device
Electric Vehicle
Industrial
Automotive
Others