New Research: Lucintel Predicts a Bright Future for the Battery Material Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Battery Material Industry”?

This market report for battery material identifies and predicts future opportunities for growth in global battery material industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for battery material in the transportation, industrial, and consumer electronics industries.

According to Lucintel’s market report, the global battery material market is expected to reach an estimated $69.2 billion by 2023 with a CAGR of 8.7% from 2018 to 2023. Some of the dominant players in the global battery material market are Umicore, Asahi Kasei, Henan Yuguang, Glencore, Nyrstar, Sumitomo Metal Mining, Mitsubishi Chemical, and Hitachi Chemical and others.

There are some interesting developments in global battery material market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include development of solid state electrolyte and the emergence of sodium-ion batteries.

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