Battery Material Market Trends and Forecast
The future of the battery material market looks promising with opportunities in the transportation, industrial, and consumer electronics industries. The global battery material market is expected to reach an estimated $148.7 billion by 2027 with a CAGR of 16% from 2021 to 2027. The major drivers for this market are growing adoption of electric vehicles, rising demand for portable electronics, and growing need for energy storage devices.

Emerging Trends in the Battery Material Market
Emerging trends, which have a direct impact on the dynamics of the battery material industry, include development of solid state electrolyte and the emergence of sodium-ion batteries.
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Battery Material Market by Segment
The study includes a forecast for the global battery material market by component type, chemistry type, battery type, end use industry, and region as follows:
Battery Material Market by Component [Volume (Kilotons) and $M shipment analysis from 2016 to 2027]:

• Cathode
  • Lead Dioxide
  • Lithium Cobalt Oxide (LCO)
  • Nickel Manganese Cobalt (NMC)
  • Nickel Cobalt Aluminum (NCA)
  • Lithium Manganese Oxide (LMO)
  • Lithium-iron Phosphate (LFP)
  • Other Cathode Materials
  • Anode
  • Lead
  • Natural Graphite
  • Synthetic Graphite
  • Other Anode Materials
• Anode Materials
  • Electrolyte
  • Separator
  • Others

Battery Material Market by Chemistry Type [Volume (Kilotons) and $M shipment analysis from 2016 to 2027]:

• Lead-Acid
• Lithium-ion
• Others

Battery Material Market by End Use Industry [Volume (Kilotons) and $M shipment analysis from 2016 to 2027]:

• Transportation
  • Electric Vehicles
  • Internal Combustion Engine (ICE)
• Industrial
  • Energy Storage
  • Others
• Consumer Electronics
  • Cellphone
  • Portable Computers
  • Others
• Others

By Battery Type [Volume (Kilotons) and $M shipment analysis from 2016 to 2027]:

• Primary Batteries
• Secondary Batteries

Battery Material Market by Region [Volume (Kilotons) and $M shipment analysis from 2016 to 2027]:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • Germany
• Asia Pacific
  • China
  • Japan
  • South Korea
• The Rest of the World

List of Battery Material Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies battery material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the battery material companies profiled in this report includes.

• Umicore
• Asahi Kasei
• Sumitomo Metal Mining
• Mitsubishi Chemical
• Toray
• Toda Kogyo Corporation
• Showa Denko K.K.

Battery Material Market Insight

• Lucintel forecasts that transportation is expected to remain the largest end use industry for battery materials and witness the highest growth over the forecast period. Customer inclination towards electric vehicles and growing preference for NMC (Nickel Manganese Cobalt) and NCA (Nickel Cobalt Aluminum) based lithium-ion batteries in electric vehicles are expected to drive the market of battery materials in the transportation sector.
• Cathode will remain the largest segment by component type, and it is expected to witness the highest growth during the forecast period due to growth in lead acid and lithium ion battery, considering growth in the automotive industry.
• Asia Pacific is expected to remain the largest market and witness the highest growth over the forecast period. Growing production of electric vehicles, consumer electronics, and the growing demand for backup power systems are expected to boost demand for the battery material market in this region.

Features of Battery Material Market

• Market Size Estimates: Battery material market size estimation in terms of value ($B)
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Market size by component type, chemistry type, battery type, and end use industry.
• Regional Analysis: Battery material market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different component type, chemistry type, battery type, end use industry, and regions for the battery material market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the battery material market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ
Q1. What is the battery material market size?
Answer: The global battery material market is expected to reach an estimated $148.7 billion by 2027           
Q2. What is the growth forecast for battery material market?
Answer: The battery material market is expected to grow at a CAGR of 16% from 2021 to 2027.           
Q3. What are the major drivers influencing the growth of the battery material market?
Answer: The major drivers for this market are growing adoption of electric vehicles, rising demand for portable electronics, and growing need for energy storage devices.
Q4. What are the major applications or end use industries for battery material?
Answer: Transportation and consumer electronics are the major end use industries for battery material.        
Q5. What are the emerging trends in battery material market?
Answer: Emerging trends, which have a direct impact on the dynamics of the battery material industry, include development of solid state electrolyte and the emergence of sodium-ion batteries.    
Q6. Who are the key battery material companies?
Answer: Some of the key battery material companies are as follows:

• Umicore
• Asahi Kasei
• Sumitomo Metal Mining
• Mitsubishi Chemical
• Toray
• Toda Kogyo Corporation
• Showa Denko K.K.

Q7. Which battery material product segment will be the largest in future?
Answer: Lucintel forecasts that cathode will remain the largest segment by component type, and it is expected to witness the highest growth during the forecast period due to growth in lead acid and lithium ion battery, considering growth in the automotive industry.
Q8. In battery material market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years. 
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global battery material market by component type (cathodes, anodes, electrolytes, separators, and others), battery type (primary batteries and secondary batteries), end use industry (consumer electronics, transportation, industrial, and others), chemistry type (lithium-ion, lead acid, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?