PUBLISHER: 360iResearch | PRODUCT CODE: 1500427
PUBLISHER: 360iResearch | PRODUCT CODE: 1500427
[185 Pages Report] The Lithium-ion Battery Materials Market size was estimated at USD 45.95 billion in 2023 and expected to reach USD 51.61 billion in 2024, at a CAGR 12.71% to reach USD 106.25 billion by 2030.
Lithium-ion battery materials pertain to a broad range of chemical components deployed in producing lithium-ion batteries. These resources, known for their crucial role in the performance, efficiency, and lifespan of such batteries, comprise an assortment of substances - each with a distinct role within the battery construction hierarchy. The rising demand for electric vehicles and renewable energy are the prime factors influencing the lithium-ion battery materials market growth. However, the extraction process of lithium is often environmentally damaging and under ethical scrutiny. This impacts the supply chain and potentially risks the long-term sustainability of the market. Nevertheless, battery technology advancements and discoveries in material science provide vast opportunities for this market. Furthermore, innovations such as solid-state lithium-ion batteries, lithium-sulfur batteries, and new energy storage solutions indicate an optimistic outlook for the lithium-ion battery materials sector.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 45.95 billion |
Estimated Year [2024] | USD 51.61 billion |
Forecast Year [2030] | USD 106.25 billion |
CAGR (%) | 12.71% |
Regional Insights
The lithium-ion battery materials market is evolving in the Americas owing to the advanced technology industries that heavily rely on lithium-ion batteries, including electric vehicles (EVs) and renewable energy storage. The EU's strategies towards achieving carbon neutrality have also heightened the need for efficient energy storage solutions, raising demand for lithium-ion battery materials. The Middle East and Africa represent immense potential in the lithium-ion battery materials market, owing to the ongoing expansion of renewable energy projects, particularly solar and wind. The Asia Pacific region is one of the significant consumers of lithium-ion batteries due to the significant penetration of consumer electronics and emphasis on the adoption of electric vehicles. Besides, ongoing research to advance and improve the properties of lithium-ion battery materials is anticipated to increase their use across end-use applications globally.
Market Insights
The market dynamics represent an ever-changing landscape of the Lithium-ion Battery Materials Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Lithium-ion Battery Materials Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Lithium-ion Battery Materials Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Birla Carbon Acquires Belgium Battery Materials Maker
Birla Carbon, a manufacturer of carbon materials, acquired a battery materials producer based in Belgium. The newly acquired company's main focus is producing cathode materials specifically designed for lithium-ion batteries. This strategic acquisition will expand Birla Carbon's product portfolio and enhance its presence in the rapidly growing battery material market. [Published On: 2023-10-11]
LG Energy Solution and Toyota Sign Long-term Battery Supply Agreement to Power Electric Vehicles in the U.S.
LG Energy Solutions and Toyota entered into a long-term battery supply agreement to support the production of electric vehicles in the US. This partnership will leverage LG's advanced Lithium-Ion Battery Material technology, which is known for its high performance and reliability. The agreement is anticipated to drive the global adoption of electric vehicles, contributing to the acceleration of electrification efforts worldwide. [Published On: 2023-10-04]
Log9 Materials Launches India's First Lithium-Ion Cell Manufacturing Facility
Log9 Materials unveiled the first-ever manufacturing facility in India for Lithium-Ion Battery Material, which is a crucial component in the production of Lithium-Ion Batteries. The primary objective of establishing this facility is to meet the surging demand for Lithium-Ion Batteries in the country. By domestically producing Li-Ion material, this facility aims to reduce India's reliance on imports from foreign sources, thus strengthening the nation's self-sufficiency in this critical sector. [Published On: 2023-04-29]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Lithium-ion Battery Materials Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Lithium-ion Battery Materials Market, highlighting leading vendors and their innovative profiles. These include 3M Company, BASF SE, BTR New Material Group Co., Ltd., Fujitsu Laboratories Ltd., Hitachi High-Tech Corporation, JFE Chemical Corporation, Kureha Corporation, L&F CO., Ltd., Long Power Systems (Suzhou) Co., Ltd, Mitsubishi Chemical Corporation, NEI Corporation, Nichia Corporation, POSCO FUTURE M Co., Ltd., Resonac Group Companies, Santoku Corporation, SGL Carbon SE, Sumitomo Metal Mining Co., Ltd., Tanaka Chemical Corporation, Targray Technology International Inc., TODA KOGYO Group, UBE Corporation, Umicore Group, and Xiamen Tmax Battery Equipments Limited..
Market Segmentation & Coverage