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- 309 Market data Tables
- 68 Figures
- 287 Pages and in-depth TOC on “Battery Materials Market – Global Forecast to 2027″
This report also provides a comprehensive analysis of the companies listed below:
Umicore (Belgium), Asahi Kasei (Japan), Mitsubishi Chemical Holdings (Japan), POSCO (South Korea), Johnson Matthey (UK), Hitachi Chemical Company (Japan), Kureha Corporation (Japan), Sumitomo Corporation (Japan), Toray Industries (Japan), and Mitsui Mining & Smelting (Japan), among others.
The growing demand for battery materials for various battery types, such as lead-acid, lithium-ion, and others, is expected to fuel the growth of the battery materials market. However, stringent environmental regulations are expected to restrain the growth of the battery materials market during the forecast period.
Based on battery type, the lead-acid segment is projected to lead the battery materials market during the forecast period.
Lead-acid is estimated to be the largest battery type segment of the battery materials market in 2018. This large share can be attributed to its renewability and increasing use in backup power, emergency lighting, utilities, security systems, railway backup systems, oil and gas explorations, renewable energy systems, and other applications. The battery reduces carbon emissions and provides energy that is renewable and recyclable.
APAC is expected to lead the battery materials market during the forecast period.
APAC is expected to be the largest battery materials market during the forecast period. The battery materials market in the APAC region is majorly driven by the growing demand for battery materials in China. Heavy investments in automotive, electronics, and ESS is the key factor driving the battery materials market in the country. Government support, the presence of strong manufacturing base, and growing investments by automotive companies in an electric vehicle are driving the battery materials market worldwide.
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