Global Li-ion Battery Materials Market
Lithium-ion batteries are a critical component of modern technology, powering everything from smartphones and laptops to electric vehicles and energy storage systems. These rechargeable batteries have revolutionized the way we use and store energy, offering high energy density, long cycle life, and low self-discharge rates. In the consumer electronics industry, Li-ion batteries have enabled the development of smaller, lighter, and more powerful devices. They have also made it possible for people to stay connected and productive on the go, powering our smartphones, tablets, and laptops for hours on end. In the automotive industry, Li-ion batteries are playing a key role in the transition to electric vehicles. These batteries offer the high energy density and long cycle life needed to power electric cars, making them a viable alternative to traditional gasoline-powered vehicles. As the demand for electric vehicles continues to grow, so too does the demand for Li-ion batteries. Li-ion batteries are also used in a variety of other industries, including healthcare and industrial applications. According to the latest estimates, the global li-ion battery materials market is set to achieve an incremental growth of USD 25.6 billion, accelerating at a CAGR of almost 12.7% during the forecast period 2023-2029.
This industry report offers market estimates of the global market, followed by a detailed analysis of the material types, application, and region. The global market data on li-ion battery materials can be segmented by material types: anodes materials, cathodes materials, separators, electrolytes. According to the research, the cathodes materials segment had the largest share in the global li-ion battery materials market. Li-ion battery materials market is further segmented by application: consumer electronics, industrial, automotive, others (medical, tools, etc.). In 2022, the automotive segment made up the largest share of revenue generated by the li-ion battery materials market. Based on region, the li-ion battery materials market is segmented into: North America, Europe, Asia-Pacific, Rest of World (RoW).
The global li-ion battery materials market is highly competitive. The key players in the li-ion battery materials market include Asahi Kasei Corporation, BTR New Materials Group Co. Ltd., Guotai Huarong New Chemical Materials Co. Ltd., Hitachi Chemical Co. Ltd., L&F Co. Ltd., Mitsubishi Chemical Holdings Corporation, Ningbo Shanshan Co. Ltd., Shenzhen Capchem Technology Co. Ltd., SK Innovation Co. Ltd., Sumitomo Metal Mining Co. Ltd., Toray Industries Inc., Umicore N.V., Xiamen Tungsten Co. Ltd.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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Global Li-ion Battery Materials Market - Report Scope
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