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Battery Alloys Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

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The global battery market worth is worth USD 100 billion and is growing at a rapid pace owing to increasing application of batteries in various industries. Alloy used in batteries are one of the most important components, which sustain the battery f
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REPORT DESCRIPTION
The global battery market worth is worth USD 100 billion and is growing at a rapid pace owing to increasing
application of batteries in various industries. Alloy used in batteries are one of the most important components,
which sustain the battery functionality. Different kinds of battery require different varieties of battery alloy as per the
requirement of the respective applications. Batteries can be broadly classified into primary batteries and secondary
batteries. The most common types of battery alloys contain metals such as lead, selenium, calcium, antimony and
tin. Alloys are generally used in the battery anodes.
Complete Battery Alloys Market Report with TOC : http://www.transparencymarketresearch.com/battery-alloysmarket.html
The battery alloys market has been propelled by the growth of battery market across the world. New applications
of battery are developed every other day and the technological advancement and reach among the masses have
augured well for the battery market and subsequently the battery alloy market. Battery alloys find most of its
demand from the automotive industry. The growth of automotive market in Asia Pacific and the reviving market in
North America has fuelled the growth of battery alloy market. Moreover the gradual transformation of petroleum
driven car into battery operated vehicles and hybrid vehicles have boosted the battery alloy market. Industrial usage
of batteries is the second largest market for battery alloys. Manufacturing industries require extensive battery
service for power backup and storage. The grids in these high power batteries are made of alloys such as lead
antimony, lead calcium and lead selenium. The high growth of manufacturing sector and the growth of
transportation infrastructure are the leading causes for the growth of battery alloy market.
There is very little threat to the battery alloy market since it is indispensible to the batteries. However some alloys
are preferred over the others owing to environmental concerns as well as functionality. Although lead alloys display
extremely good characteristics, the use of lead in battery alloys are increasingly discouraged. Lead calcium battery
alloy is again preferred over lead antimony due to its higher longevity and performance dynamics.
The major opportunity of the battery alloy market lies in the electric vehicles application. Matured economies of
North America and Europe have shifted focus towards electric vehicles in a bid to achieve a sustainable future free
of petroleum requirements. According to research about 40% of all cars on road in 2035 will be electrically powered
in North America which is one of the largest market for automotives. Asia Pacific region has also initiated the process
of promoting hybrid vehicles which is expected to provide tremendous stimulus to the battery alloy market.
The battery alloy market is dominated by Asia Pacific region. More than 90 % of the market for battery alloys is
derived from this region as Asia Pacific acts as the battery supplier to the world. Japan and South Korea used to be
the main countries manufacturing batteries. However China has surged ahead in recent times and is the highest
growing country in the world in terms of demand and production of battery alloys. North America and Europe
account for high demand of batteries which are mostly imported from Asia. The battery alloy market is expected to
be dominated by Asia Pacific in the near future as well.
Som of the major companies operating in this market are Mitsubishi Corporation and Furukawa
Co.Ltd among many others.
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Complete Battery Alloys Market Report with TOC : http://www.transparencymarketresearch.com/battery-alloysmarket.html
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