Battery Raw Materials Market Size To Reach USD 91.5 Billion By 2030, Growing At 7.7% CAGR

Acumen research and consultancy

Acumen Research and Consulting recently released a report titled “Battery Raw Materials Market Report and Region Forecast, 2022-2030”

BEIJING, Nov. 16, 2022 (GLOBE NEWSWIRE) — The Global Battery raw material market The size accounted for $47.3 billion in 2021 and is projected to occupy a market size of $91.5 billion by 2030, growing at a CAGR of 7.7% from 2022 to 2030.

Battery raw material market statistics

  • The global market value of battery raw materials was $47.3 billion in 2021 and is expected to grow at a CAGR of 7.7% from 2022 to 2030

  • Asia-Pacific Battery Raw Materials Market Revenue Over 30% Market Share in 2021

  • North America Battery Raw Material Market Growth to CAGR above 7.5% from 2022 to 2030

  • According to data from the Indian Brand Equity Foundation (IBEF), the consumer electronics industry was valued at $426 billion in 2020

  • Among battery types, Li-ion diseases accounted for more than 48% of the shares in 2021

  • Based on the application of Li-ion battery material, consumer electronics has garnered more than 50% of the total market share

  • Increasing adoption of recycled Li-ion battery materials is a global battery raw material market trend fueling industry demand

Growth drivers of the battery raw materials market

  • Growth of electric vehicles such as HEVs and PHEVs

  • Increase in consumer electronics devices

  • Increasing emphasis on lead-acid battery waste management

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Battery Raw Materials Market Report Coverage:

Market

Battery raw material market

Battery raw material market Size 2021

USD 47.3 billion

Battery raw material market Forecast 2030

USD 91.5 billion

Battery raw material market CAGR In the period 2022 – 2030

7.7%

Battery raw material market Analysis period

2018 – 2030

Battery raw material market Reference year

2021

Battery raw material market Forecast data

2022 – 2030

Segments covered

According to the battery type, Li-ion battery material, Li-ion battery material application, Lead-acid battery material, Lead-acid battery material application, Other battery material and the geographical area

Battery raw material market Regional scope

North America, Europe, Asia Pacific, Latin America, the Middle East and Africa

Key companies profiled

ITOCHU Corporation, Targray Technology International Inc., Celgard LLC, Umicore SA, Entek International LLC, 3M, Valence Technology, Inc., BASF Catalysts LLC and Nichia Corporation.

Report coverage

Market trends, drivers, restrictions, competitive analysis, player profiling, regulatory analysis

Market dynamics of raw materials for batteries

Battery manufacturers place greater emphasis on material sourcing, with raw material extraction and handling starting with major players in the battery raw material market. The battery raw material industry is distinguished by a stringent regulatory framework that imposes stringent guidelines on processing, extraction, assembly, shipping, and packaging for waste disposal.

Due to growing environmental concerns, battery-powered lithium particle batteries are increasingly being used instead of traditional corrosive lead-acid batteries. Furthermore, the use of sustainable energy sources, such as solar, is expected to lead to increased interest in lithium batteries.

The corrosive lead-acid battery industry is extremely saturated and, as a result, the level of development of the technology used in the article is generally limited. Reduction in enforcement levels and concerns over the use of carcinogenic materials in lead-acid batteries are also expected to limit industry growth.

Factors such as developing awareness of feasible sourcing of battery materials, reuse and effective waste transfer are needed to drive demand. Manufacturers are receiving various indications and claims, for example, US Spot, PHMSA and EU Battery Directive, to ensure product quality and attract customers.

The company is defined by the use of various innovative procedures, such as dissolvable extraction technique, nanofiltration framework, and rotary kiln electric heater policy. These advances are used to improve the performance and efficiency of battery materials as needed.

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Segmentation of the battery raw material market

The global Battery Raw Materials market is segmented into Li-ion Battery Material, Li-ion Battery Material Application, Lead Acid Battery Material, Lead Acid Battery Material Application, Other Battery Material, and region.

On the basis of Li-ion battery material, the global battery raw material market is segmented into electrical anode (amorphous carbon, natural graphite, artificial graphite, LTO and Si compounds), cathode (NMC, LCO, LMO, LFP and NCA) and separator, others (binder, electrolyte and packing material).

Based on the application of Li-ion battery material, the global battery raw material market is segmented into automotive, consumer electronics, network storage and others.

Based on the lead-acid battery material, the global battery raw material market is segmented into battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV).

On the basis of lead-acid battery material, the global battery raw material market is segmented into electrolyte, electrodes, separator and packaging.

Based on the application of lead-acid battery material, the global battery raw material market is segmented into UPS, Light Automotive, Telecommunications and others.

Based on other battery materials, the global battery raw material market is segmented into separator, electrolyte, electrodes, and packaging.

Based on the region, the global battery raw materials market is segmented into North America, Europe, Latin America, Asia-Pacific and the Middle East and Africa.

Market share of battery raw materials

According to an analysis of the battery raw materials industry, lithium-ion will contribute more than 48% of the global total by 2021. The cathode sub-segment is expected to hold significant market share from 2022 to 2030, according to our raw materials for batteries market forecast. During the forecast period, the consumer electronics sub-segment has produced significant market revenue based on the application of Li-ion battery material.

Regional growth of battery raw materials market

The rich North American showcase is particularly ideal for producers to establish a base. US mineral and metal savings total $6.1 trillion, which is used in consumer hardware, automobiles, solar panels, and other applications.

The European exhibition is expected to track the interest in high-end automotive lithium particle batteries. The activity in the area is characterized by an extraordinary competition between real market players. A significant portion of battery raw materials are mined in the South American region, while numerous construction agents are located in Asia Pacific and North America. Metals processed in China are traded to North America for use in automobiles.

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Battery raw materials market players

3M, BASF Catalysts LLC, Celgard LLC, Entek International LLC, ITOCHU Corporation, Nichia Corporation, Targray Technology International Inc., Umicore SA and Valence Technology, Inc., are the key players in the global battery raw materials market. International trade is keen to try and capitalize on the developing countries of the Asia-Pacific. As a result, many integration partnerships and planned associations with trades are being made in this region. All these factors are expected to drive the growth of the battery raw materials market.

Questions this report answers

  • What was the market size of the Battery Raw Materials market in 2021?

  • What will be the CAGR of the Battery Raw Materials Market during the forecast period 2022 to 2030?

  • Who are the major players in the global Battery Raw Materials market?

  • Which region held the largest share in the Battery Raw Materials market in 2021?

  • What are the key market drivers of the Battery Raw Materials Market?

  • Who is the largest raw material market for end-user batteries?

  • What will be the market value of battery raw materials in 2030?

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Of Acumen research and consultancy:

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