Battery Materials Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently released a comprehensive report on the worldwide Battery Materials Market. The global battery materials market is poised for remarkable growth, driven by the burgeoning demand for energy storage solutions in renewable energy systems, portable electronics, and electric vehicles. With a forecasted expansion at a CAGR of 16.3% from 2023 to 2030, the market is expected to soar from a value of US$5.6 billion in 2023 to US$16.3 billion by 2030. This growth trajectory underscores the pivotal role of battery materials in facilitating the transition towards a sustainable and electrified future.

Key Insights

Battery Materials Market Size (2023E): US$5.6 billion

Projected Market Value (2030F): US$16.3 billion

Global Market Growth Rate (CAGR 2023 to 2030): 16.3%

Historical Market Growth Rate (CAGR 2018 to 2022): 10.2%

Battery Materials Market- Report Scope

The battery materials market report delves into the dynamic landscape of the global battery materials market, providing comprehensive coverage of key components utilized in battery construction such as cathodes, anodes, electrolytes, separators, and related substances. It explores the critical role played by the battery materials market in facilitating the growth of renewable energy storage systems, portable electronics, and electric vehicles. The report encompasses insights into market size, projected growth rates, historical trends, and market segmentation, offering a thorough understanding of the market's scope and potential.

Market Growth Drivers for Battery Materials Market:

The global battery materials market is being propelled by a confluence of factors, including the rapid proliferation of electric vehicles (EVs), which has led to an unprecedented surge in demand for high-performance batteries. Government incentives and stringent emission regulations worldwide are further driving the adoption of EVs, necessitating the production of sophisticated battery materials such as graphite, cobalt, lithium, and nickel. Moreover, ongoing research and development efforts aimed at enhancing battery efficiency and performance are contributing significantly to market expansion, underlining the critical symbiotic relationship between technological innovation and the shift towards sustainable energy solutions.

Market Restraints

Supply chain vulnerabilities and challenges in raw material availability pose notable limitations to the global battery materials market. The increased demand for renewable energy storage solutions and electric vehicles has heightened reliance on critical raw materials like nickel, lithium, and cobalt, leading to potential bottlenecks in the supply chain. Geopolitical uncertainties and resource concentration further exacerbate supply chain fragility, as disruptions in mining regions or production interruptions can result in scarcity and price fluctuations. Addressing these challenges requires the implementation of sustainable mining practices, development of alternative material sources, and engagement in recycling initiatives to foster a resilient battery materials market capable of meeting growing global demand.

Market Opportunities

Advancements in recycling technologies and increasing focus on circular economy initiatives present significant opportunities for the battery materials market. Recycling technologies offer the potential to extract valuable materials from used batteries, reducing dependence on conventional mining methods and mitigating environmental degradation. Embracing circular economy principles not only addresses environmental concerns but also enhances the stability and environmental friendliness of the procurement model for battery materials. By aligning with sustainability objectives and consumer preferences for eco-friendly products, the adoption of recycling technologies and circular economy principles can foster a positive cycle of growth in the battery materials market.

Key Questions Answered in Report::

What is the Forecast CAGR of the Battery Materials Market?
What is the Market Size as of 2023?
Which Country Held the Largest Market Share In 2023?
Who are the Key Players in the Global Battery Materials Market?
Which is the Fastest-growing Segment in the Market, Based on Battery Type?

Competitive Intelligence and Business Strategy

Intense rivalry exists among key participants in the Battery Materials Market as they vie for market share and innovation leadership, constituting a competitive landscape. Prominent entities in the industry, including Henkel AG & Co. KGaA, 3M Company, Permatex, Elkem ASA, Basildon Chemicals, Specialty Silicone Products, Inc., Dow, ACC Silicones Ltd., Wacker Chemie AG, and Shin-Etsu Chemical Co, are presently involved in intensive research and development to unveil innovative silicone-based solutions that address the ever-changing requirements of the automotive sector. These businesses frequently prioritize product durability, sustainability, and performance enhancements to obtain a competitive edge.

Key Companies Profiled
Henkel AG & Co. KGaA
3M Company
Permatex
Elkem ASA
Basildon Chemicals

Specialty Silicone Products, Inc.

Dow
ACC Silicones Ltd.
Wacker Chemie AG

Shin-Etsu Chemical Co. Umicore

Asahi Kasei
Mitsubishi Chemical Holdings
Posco
Johnson Matthey
3M
BASF
Solvay
DuPont
Hitachi Chemical.

Battery Materials Market Research Segmentation

The battery materials market is segmented based on battery type (lead-acid and lithium-ion), material type (cathode, anode, electrolyte), application (portable devices, electric vehicles, automotive), and region (East Asia, South Asia, Oceania). Lithium-ion batteries dominate due to superior performance, while cathode materials lead in usage. Electric vehicles constitute the largest application segment, particularly in East Asia, while South Asia and Oceania show promising growth potential.

Battery Materials Market Research Segmentation

By Battery Type:
Lead-acid battery
Lithium-ion battery
By Material Type:
Cathode
Anode
Electrolyte
By Application:
Portable device
Electric vehicle
Automotive
Others
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP10801

1. Executive Summary

1.1. Global Battery Materials Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Battery Type Lifecycle Analysis
2.4. Battery Materials Market: Value Chain
- 2.4.1. List of Raw Material Type Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Battery Materials Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Battery Materials Market Outlook: Battery Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Battery Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Battery Type, 2023 - 2030
  - 3.3.3.1. Lead-acid battery
  - 3.3.3.2. Lithium ion battery
3.4. Market Attractiveness Analysis: Battery Type
3.5. Global Battery Materials Market Outlook: Material Type
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Material Type, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
  - 3.5.3.1. Cathode
  - 3.5.3.2. Anode
  - 3.5.3.3. Electrolyte
3.6. Market Attractiveness Analysis: Material Type
3.7. Global Battery Materials Market Outlook: Application
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
  - 3.7.3.1. Portable device
  - 3.7.3.2. Electric vehicle
  - 3.7.3.3. Automotive
  - 3.7.3.4. Others
3.8. Market Attractiveness Analysis: Application

4. Global Battery Materials Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Battery Materials Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Battery Type
- 5.3.3. By Material Type
- 5.3.4. By Application
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Battery Type, 2023 - 2030
- 5.5.1. Lead-acid battery
- 5.5.2. Lithium ion battery
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
- 5.6.1. Cathode
- 5.6.2. Anode
- 5.6.3. Electrolyte
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.7.1. Portable device
- 5.7.2. Electric vehicle
- 5.7.3. Automotive
- 5.7.4. Others
5.8. Market Attractiveness Analysis

6. Europe Battery Materials Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Battery Type
- 6.3.3. By Material Type
- 6.3.4. By Application
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. T rkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Battery Type, 2023 - 2030
- 6.5.1. Lead-acid battery
- 6.5.2. Lithium ion battery
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
- 6.6.1. Cathode
- 6.6.2. Anode
- 6.6.3. Electrolyte
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.7.1. Portable device
- 6.7.2. Electric vehicle
- 6.7.3. Automotive
- 6.7.4. Others
6.8. Market Attractiveness Analysis

7. East Asia Battery Materials Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Battery Type
- 7.3.3. By Material Type
- 7.3.4. By Application
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Battery Type, 2023 - 2030
- 7.5.1. Lead-acid battery
- 7.5.2. Lithium ion battery
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
- 7.6.1. Cathode
- 7.6.2. Anode
- 7.6.3. Electrolyte
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.7.1. Portable device
- 7.7.2. Electric vehicle
- 7.7.3. Automotive
- 7.7.4. Others
7.8. Market Attractiveness Analysis

8. South Asia & Oceania Battery Materials Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Battery Type
- 8.3.3. By Material Type
- 8.3.4. By Application
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Battery Type, 2023 - 2030
- 8.5.1. Lead-acid battery
- 8.5.2. Lithium ion battery
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
- 8.6.1. Cathode
- 8.6.2. Anode
- 8.6.3. Electrolyte
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.7.1. Portable device
- 8.7.2. Electric vehicle
- 8.7.3. Automotive
- 8.7.4. Others
8.8. Market Attractiveness Analysis

9. Latin America Battery Materials Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Battery Type
- 9.3.3. By Material Type
- 9.3.4. By Application
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Battery Type, 2023 - 2030
- 9.5.1. Lead-acid battery
- 9.5.2. Lithium ion battery
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
- 9.6.1. Cathode
- 9.6.2. Anode
- 9.6.3. Electrolyte
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.7.1. Portable device
- 9.7.2. Electric vehicle
- 9.7.3. Automotive
- 9.7.4. Others
9.8. Market Attractiveness Analysis

10. Middle East & Africa Battery Materials Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Battery Type
- 10.3.3. By Material Type
- 10.3.4. By Application
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Battery Type, 2023 - 2030
- 10.5.1. Lead-acid battery
- 10.5.2. Lithium ion battery
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
- 10.6.1. Cathode
- 10.6.2. Anode
- 10.6.3. Electrolyte
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.7.1. Portable device
- 10.7.2. Electric vehicle
- 10.7.3. Automotive
- 10.7.4. Others
10.8. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Analog IC
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Umicore
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Asahi Kasei
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Mitsubishi Chemical Holdings
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Posco
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Johnson Matthey
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. 3M
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. BASF
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Solvay
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. DuPont
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Hitachi Chemical
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations