The global BatteryRaw Materials Market size is expected to reach USD 68.57 billion
by 2025 at a 7.4% CAGR during the forecast period, according to a new report by
Grand View Research, Inc. The industry is anticipated to grow on account of
technological advancements and innovations in batteries used in external power
generating systems.
Battery
manufacturers lay greater emphasis on sourcing materials with mining and
processing of raw materials undertaken by major companies operating in the
market. The industry is characterized by presence of stringent regulatory
framework with regulations imposed on mining, processing, assembling,
packaging, shipping, and waste disposal.
Rechargeable
lithium ion batteries are used extensively in comparison to conventional lead
acid batteries due to emergence of environmental concerns. In addition, growth
in use of renewable sources of energy such as solar is expected to result in
heightened demand for lithium batteries.
The lead
acid battery industry is predominantly saturated and the scope for growth of
the technology used in the product is relatively limited as a result.
Diminishing application scope and concerns regarding use of carcinogenic
materials in lead batteries are also expected to limit industry growth.
Full Research Report On Battery Raw
Materials Market Analysis:
www.grandviewresearch.com/industry-analysis/battery-raw-material-market
www.grandviewresearch.com/industry-analysis/battery-raw-material-market
Further key findings from the report suggest:
·
By material, LTO is expected to be the
fastest growing segment, in terms of volume, registering a CAGR of 22.1% from
2018 to 2025 owing to lesser recharging time required by the material for reuse
·
On the basis of application, the automotive
segment is anticipated to exhibit the fastest growth, registering a CAGR of
14.1% from 2018 to 2025 on account of proliferation of a number of major and
medium scale companies focused on manufacturing electric vehicles
·
Cathode materials used in lead acid battery
are expected to exhibit a growth of CAGR of 6.3%, in terms of revenue from 2018
to 2025, on account of growing number of innovations and technological
advancements in electrode materials in a bid to increase operational efficiency
·
Key companies engaged in the industry
customize battery production in line with application. Companies involved in
manufacturing operate across the globe through extensive distribution networks.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/power-generation-and-storage
Grand View Research has segmented the
global battery raw materials market on the basis of li-ion battery material,
lead acid battery material, other battery material, application, and region.
Li-Ion
Battery Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Anode
o
Natural Graphite
o
Artificial Graphite
o
Amorphous Carbon
o
LTO
o
Si Compounds
·
Cathode
o
LCO
o
NMC
o
LFP
o
LMO
o
NCA
·
Separator
·
Others
o
Binder
o
Electrolyte
o
Packaging Material
Lead Acid Battery
Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Electrodes
·
Electrolyte
·
Separator
·
Packaging
Other
Batteries Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 -
2025)
·
Electrodes
·
Electrolyte
·
Separator
·
Packaging
Li-Ion
Battery Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 -
2025)
·
Consumer Electronics
·
Automotive
·
Grid Storage
·
Others
Lead Acid
Battery Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 -
2025)
·
Automotive
·
UPS
·
Telecom
·
Others
Regional
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
South Korea
o
Japan
·
Rest of the World
o
Brazil
Access Full Press Release of this Report: www.grandviewresearch.com/press-release/global-battery-raw-material-market
About Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
No comments:
Post a Comment