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Battery Materials Market size to hit USD 161.38 Bn by 2029, Global Trends and Regional Insights

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Battery Materials Market size to hit USD 161.38 Bn by 2029, Global Trends and Regional Insights

April 10
19:10 2023
Battery Materials Market size to hit USD 161.38 Bn by 2029, Global Trends and Regional Insights
Battery Materials Market
Battery Materials Market was valued at USD 49.91 Billion in 2021, and it is expected to reach USD 161.38 Billion by 2029, exhibiting a CAGR of 15.8 % during the forecast period (2022-2029)

Pune, 10, April, 2023: Maximize Market Research, an Energy & Power business research firm has published a report on the “Battery Materials Market”. The total market opportunity for Battery Materials was USD 49.91 Bn in 2021 and is expected to grow at 15.8 percent CAGR through the forecast period to reach USD 161.38 Bn by 2029. 

Battery Materials Market Report Scope and Research Methodology

The report includes qualitative and quantitative analysis of the Battery Materials Market based on segmentation involving economic and non-economic factors. It also includes an in-depth analysis of the Battery Materials industry from various perspectives by employing Porter’s five forces analysis. The report provides insight into the Battery Materials Market through the value chain. The report offers historical data and forecasts revenue growth at country, regional and global levels along with an analysis of the market trends in each of the sub-segments and regions. The competitive landscape in the report includes details by competitors including company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The bottom-up approach was used to estimate the global and regional Battery Materials Market size. 

Battery Materials Market Dynamics

The increasing use of electric vehicles, portable devices and others is driving the Battery Materials Market growth. The lithium-ion and lead acid batteries are majorly used in energy storage devices. The increasing use of batteries in storage devices are creating various growth opportunities for the market during the forecast period. 

Lead is an important material for the lead acid battery, which is a toxic material and causes health issues such as slowed mental and physical development, neurological damage and concentration and learning difficulties. This is expected to restrain the Battery Materials Market growth during the forecast period. 

Get a Sample Copy of the Report: 

Battery Materials Market Regional Insights

The Asia Pacific region dominated the global Battery Materials Market in 2021. This growth of the regional market is attributed to rapid urbanization and increasing consumer expenditure on consumer cars. The increasing demand for telecommunications and data centres with increased applications in industries such as railroads is expected to boost the market throughout the forecast period.

The North America region is expected to grow significantly due to the high adoption of electric cars and increasing consumer electronics sales. 

Battery Materials Market Segmentation

By Battery Type

  • Lead-Acid
  • Lithium Ion
  • Others


By Material

  • Cathode
  • Anode
  • Electrolyte
  • Separator
  • Others


By Application

  • Consumer Electronics
  • Automotive
  • Industrial
  • Others


Battery Materials Key Competitors include:

  • NEI Corporation (US)
  • Livent Corporation(US)
  • Albemarle(US)
  • TCI Chemicals Pvt. Ltd.(India)
  • Mitsubishi Chemical Holdings(Japan)
  • Hitachi Chemical Co., Ltd.(Japan)
  • Kureha Corporation(Japan)
  • Asahi Kasei(Japan)
  • BASE SE (Germany)
  • Umicore Cobalt & Specialty Materials (CSM)(Netherlands)
  • Norlisk Nickel(Russia)
  • Glencore PLC(Canada)
  • Sheritt International Corporation(Canada)
  • SQM(Canada )
  • Targray Technology International Inc.(Canada)
  • Targray Technology International(Canada)
  • Teck Resources(Canada)
  • Tianqi Lithium(China)
  • China Molybdenum Co. Ltd.(China)
  • Gan feng Lithium Co., Ltd.(China)
  • Shanghai Shanshan Tech Co., Ltd.(China)
  • Vale S.A.(Brazil)


Table of Content for Battery Materials Market

  • Global Battery Materials Market: Research Methodology


  • Global Battery Materials Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to Global Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders 
  • Recommendations for New Market Entry


  • Global Battery Materials Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities 
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact


  • Global Battery Materials Market Segmentation
  • Global Market, by Material (2021-2029)
  • Global Market, by Battery Type (2021-2029)
  • Global Market, by Application (2021-2029)


  • Regional Battery Materials Market (2021-2029)
  • Regional Market, by Material (2021-2029)
  • Regional Market, by Battery Type (2021-2029)
  • Regional Market, by Application (2021-2029)
  • Regional Market, by Country (2021-2029)


  • Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy 
  • Recent Developments


Get the Sample PDF of Report: 

Key questions answered in the Battery Materials Market report are:

  • What are Battery Materials?
  • What are the Battery Materials Market segments?
  • Which Battery Materials Market segment is expected to grow at a high rate during the forecast period?
  • Which segment held the largest Battery Materials Market in 2021?
  • What are the global trends in the Battery Materials Market?
  • What are the upcoming industry applications and trends for the Battery Materials Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for Battery Materials Market? 
  • What growth strategies are the players considering to increase their presence in Battery Materials Market?
  • Who are the leading companies and what are their portfolios in Battery Materials Market? 
  • What are the major challenges that the Battery Materials Market could face in the future? 
  • Which region held the largest Battery Materials market share in 2021? 
  • Which regional Battery Materials market is expected to grow at a high rate during the forecast period?


Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Material, Battery type, Application and Region 
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 


Maximize Market Research is leading Energy & Power research firm, has also published the following reports:

Battery Leasing Service Market – The market size is expected to reach USD 503.09 million by 2029 at a CAGR of 19.3 percent during the forecast period. The increasing demand for electric vehicles in developed and developing countries is expected to drive the market.   

Iron Flow Battery Market – The market size is expected to reach USD 1587.40 million by 2029 at a CAGR of 29 percent during the forecast period. The market is expected to be driven by increasing usage of renewable energy sources such as wind and solar. 


About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

[email protected] 

+91 96071 95908, +91 9607365656

Media Contact
Contact Person: Geeta Yevle
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Phone: +91 9607365656
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
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State: Maharashtra
Country: India