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. Request a Sample Report @ https://www.futurewiseresearch.com/requestsample.aspx?id=2281&page=requestsample Global Battery Raw Materials Market Segmentation: By Li-ion battery material Cathode Anode Separator By Application Consumer electronics Automotive Grid storage Others By Region: North America Latin America Europe Asia-Pacific Rest of the World Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/requestsample.aspx?id=2281&page=askfordiscount 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
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.
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