Auto Industry News
Auto Bailout News
Auto Show News
Car Dealers News
| Automotive News
| Submit Press Release
(I-AutoNewsWire.com, April 09, 2021 ) The report "Battery Materials Market by Battery Type (Lead-acid, Lithium-ion), Material (Cathode, Anode, Electrolyte, Separator), Application (Automotive, EVs, Portable Devices, Industrial), and Region (APAC, North America, Europe, RoW) - Global Forecast to 2023" The battery materials market is projected to reach USD 65.78 Billion by 2023 The battery materials market is projected to grow from USD 43.50 Billion in 2018 to USD 65.78 Billion by 2023, at a CAGR of 8.62% between 2018 and 2023. APAC is expected to lead the global battery materials market during the forecast period. Battery material is used in the manufacturing of batteries. Cathode, anode, electrolyte, and separators are the main building blocks of a battery system. Different materials are used in the manufacturing of cathode, anode, electrolyte, and separators for different rechargeable batteries. The lead-acid and lithium-ion battery materials account for a major share of the global battery materials market.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=866
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.
The cathode segment is projected to lead the lead-acid battery materials market during the forecast period.
Lead dioxide is the cathode material preferred in the manufacturing of lead-acid batteries. The cathode is the largest lead-acid battery materials segment, as it forms the largest portion of any lead-acid battery. Furthermore, the increase in investments in R&D for innovation of materials with high capacity and low price by cathode materials manufacturers to create a balance between high quality and low cost will drive the cathode lead-acid battery materials market during the forecast period.
Don't miss out on business opportunities in Battery Materials Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=866
Browse in-depth TOC on "Battery Materials Market”
155 - Market Data Tables
47 - Figures
170 - Pages
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.
Key companies in the battery materials market include 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.
Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=866
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra