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Battery Raw Materials Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

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Global battery raw materials market is estimated to value over US$ 68.57 Billion by 2029 end and register a CAGR of over 7.4% during the forecast period 2019-2029. The battery produces electricity from chemical reactions. It's an electric cell which
Battery Raw Materials Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2029
Global battery raw materials market is estimated to value over US$ 68.57 Billion by
2029 end and register a CAGR of over 7.4% during the forecast period 2019-2029.
The battery produces electricity from chemical reactions. It's an electric cell which is
vastly used in laptops, households, and cars.
Rising demand for high energy-efficient devices such as digital cameras and camera
phones is also driving the growth of the market. The rapid growth of consumer
electronic products is propelling the market. Rising demand for an electric vehicle is
also triggering the growth of the market. Increasing usage of rechargeable and
lightweight batteries in high performing smartphones and laptops is also expanding
the market.
The market is bifurcated into on the basis of li-ion battery material, application, and
region. On the basis of li-ion battery material, the market is classified into cathode,
anode, separator. Nickel cobalt manganese oxide with cathode materials is expected
to burgeon the market. It's widely used in electric vehicles and is expected to have a
positive influence on the market. Rechargeable lithium-ion batteries are used
extensively because of its environmentally friendly feature.
Based on application, the market is segmented into consumer electronics,
automotive, grid storage and others. The efforts of governments to reduce fuel
consumption by launching incentives for the electric vehicle have fueled the growth
of the market. Automotive and consumer electronics is expected to be in the front
runner of the market during the forecast period. The rising number of demand for
laptops, smartphones, and smart gadgets is elevating the market.
In terms of region, North America is the global leader of the market. The region is full
of rich resources and has an ample number of minerals and metal reserves. The rapid
demand for consumer electronics and automotive remains the biggest factor behind
the expansion of the market in the region. Europe is also expected to contribute to
the growth of the market. Europe is predicted to witness a huge demand for lithiumion and consumer electronics. The Asia Pacific remains the most lucrative market
space for manufacturers due to the presence of a large number of processors and
assemblers.
Some of the prominent players of the market include VARTA Consumer Batteries
GmbH & Co., BYD Company Limited, Battery Technology, Inc., FDK Corporation and
LG Chem among others.
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Global Battery Raw Materials Market Segmentation:
By Li-ion battery material
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Cathode
Anode
Separator
By Application



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Consumer electronics
Automotive
Grid storage
Others
By Region:





North America
Latin America
Europe
Asia-Pacific
Rest of the World
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Competitive Landscape:
● Tier 1 players- established companies in the market with a major market share
● Tier 2 players
● Emerging players which are growing rapidly
● New Entrants
FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global battery raw materials market
by application, li-ion battery, by EV type and by region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the rest of the world
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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