Advanced Battery Materials Market
Advanced Battery Materials Market Forecasts to 2030 - Global Analysis By Material Type (Anode Materials, Cathode Materials, Electrolyte Materials, Separator Materials, Binder Materials and Other Material Types), Battery Type, Application, End User and By Geography
According to Stratistics MRC, the Global Advanced Battery Materials Market is growing at a CAGR of 7.8% during the forecast period. High-performance batteries employ advanced battery materials, which are specific compounds designed to improve energy storage capacity, efficiency, safety, and durability. These include compounds based on lithium for use in rechargeable batteries, solid electrolytes for use in solid-state batteries, electrode materials made of graphene and other carbon materials, and cathode materials including nickel, manganese, and cobalt for use in high-energy applications. These materials, which need higher power density, faster charging, and longer battery life, are essential for next-generation energy storage systems like electric cars, renewable energy storage, and consumer electronics.
According to IBEF, the global consumer electronics market is worth USD 426.1 billion as of 2020. Advancement in technology, along with rapid development in the gaming industry, is likely to drive the consumer electronics market.
Market Dynamics:
Driver:
Growing demand for electric vehicles (EVs)
Advanced materials including graphite, cobalt, nickel, and lithium are needed to meet the increasing demand for high-performance batteries, particularly lithium-ion batteries, which are being fueled by the fast uptake of electric vehicles (EVs). The aforementioned demand may give rise to supply chain dynamics concerns, which may result in bottlenecks and vulnerabilities when sourcing vital components, particularly in regions that are vulnerable to geopolitical risks.
Restraint:
Limited availability of critical materials
The limited availability of essential materials like lithium, cobalt, and nickel in a few countries creates supply chain vulnerabilities, leading to production interruptions, material shortages, and increased prices. These disruptions can hinder manufacturers from meeting rising demand for batteries, especially as electric vehicle adoption accelerates. Price volatility, exacerbated by limited availability, can make it difficult for battery manufacturers to maintain stable pricing, potentially deterring investment in new technologies.
Opportunity:
Expansion of renewable energy storage systems
The growing adoption of renewable energy sources like solar and wind power has led to a growing demand for efficient energy storage solutions. This demand has prompted technological advancements in battery materials and chemistries, with companies investing in new materials for higher energy densities, faster charging, and improved safety. Alternative materials like sodium-ion, magnesium-ion, and metal-air batteries are being explored which encourages the growth of the market.
Threat:
Recycling and disposal challenges
The recycling process for batteries, especially lithium-ion batteries, is complex and expensive, involving multiple stages and posing significant environmental and health risks. High costs can deter investment in recycling technologies and facilities, limiting the availability of recycled materials. Additionally, hazardous waste management, including heavy metals and acids, can lead to stringent regulations complicating recycling efforts and creating barriers for companies entering or expanding the recycling market.
Covid-19 Impact:
The COVID-19 pandemic negatively impacted the advanced battery materials market by disrupting supply chains and reducing demand. Manufacturing shutdowns and travel restrictions led to a significant decline in battery shipments, with projections indicating a 14% decrease in shipments to automakers in 2020. Economic uncertainty curtailed consumer spending on electric vehicles and electronics, further exacerbating demand shrinkage.
The cathode materials segment is expected to be the largest during the forecast period
The cathode materials is expected to be the largest during the forecast period. Polyanion oxides, spinel oxides, and layered oxides are examples of cathode materials that have advanced, improving the energy density of lithium-ion batteries (LIBs). As a result, there is an increased need for improved battery materials due to greater operating voltages and particular capacities. Furthermore, the intrinsic thermal stability of cathode materials such as lithium iron phosphate (LFP) improves safety. Additional stability can be achieved by coatings and doping, which will increase consumer trust and spur market expansion.
The lithium-ion batteries (Li-ion) segment is expected to have the highest CAGR during the forecast period
The lithium-ion batteries (Li-ion) segment is expected to have the highest CAGR during the forecast period owing to the demand for key materials like graphite, cobalt, nickel, and lithium in Li-ion batteries has surged due to the growth of electric vehicles and renewable energy storage systems. This has fueled technological advancements in battery materials and chemistries, including the development of advanced cathode and anode materials, contributing to the market's growth.
Region with largest share:
North America is expected to have the largest market share over the projection period owing to the favourable government policies, tax incentives, and initiatives aimed at reducing greenhouse gas emissions are enhancing the market landscape. For instance, agreements to increase domestic lithium mining will bolster local production capabilities, supporting the battery supply chain. Moreover collaborations between universities, research institutions, and industry players are crucial for advancing technology in these sectors are boosting the growth of the market.
Region with highest CAGR:
Asia Pacific is anticipated to witness the highest rate of growth during the forecast period as it is home to major battery manufacturers and technological innovators, particularly in countries like China, Japan, and South Korea. These nations are leading in the production of lithium-ion batteries, driven by significant investments in electric vehicles (EVs) and renewable energy systems.
Key players in the market
Some of the key players in Advanced Battery Materials market include GS Yuasa Corp., Pathion, Inc., PolyPlus Battery Company Inc, Oxis Energy Ltd, Samsung SDI Co. Ltd., Sion Power Corp, LG Chem Ltd, Siemens, Enerdel, Inc., Saft Groupe SA, Albemarle, Gen Feng Lithium Co Ltd, Norlisk Nickel, Teck Resource, Livent Corporation and Glencore Plc.
Key Developments:
In September 2024, Merck and siemens entered into strategic partnership on digital transformation technology. Memorandum of Understanding signed to drive digital transformation through strategic projects across all three business sectors of Merck
In September 2024, Siemens agreed to acquire Trayer Engineering Corporation to broaden product portfolio for grid modernization. Siemens strengthens its electrification portfolio with the addition of padmount and submersible switchgear
Material Types Covered:
• Anode Materials
• Cathode Materials
• Electrolyte Materials
• Separator Materials
• Binder Materials
• Other Material Types
Battery Types Covered:
• Lithium-Ion Batteries (Li-ion)
• Solid-State Batteries
• Nickel-Metal Hydride (NiMH) Batteries
• Lead-Acid Batteries
• Sodium-Ion Batteries
• Other Battery Types
Applications Covered:
• Energy Storage Systems
• Electric Vehicles (EVs) and Hybrid Evs
• Consumer Electronics
• Industrial Applications
• Medical Devices & Marine Applications
• Other Applications
End Users Covered:
• Automotive Industry
• Energy & Utilities
• Aerospace & Defense
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Advanced Battery Materials Market, By Material Types
5.1 Introduction
5.2 Anode Materials
5.3 Cathode Materials
5.4 Electrolyte Materials
5.5 Separator Materials
5.6 Binder Materials
5.7 Other Material Types
6 Global Advanced Battery Materials Market, By Battery Type
6.1 Introduction
6.2 Lithium-Ion Batteries (Li-ion)
6.3 Solid-State Batteries
6.4 Nickel-Metal Hydride (NiMH) Batteries
6.5 Lead-Acid Batteries
6.6 Sodium-Ion Batteries
6.7 Other Battery Types
7 Global Advanced Battery Materials Market, By Application
7.1 Introduction
7.2 Energy Storage Systems
7.3 Electric Vehicles (EVs) and Hybrid Evs
7.4 Consumer Electronics
7.5 Industrial Applications
7.6 Medical Devices & Marine Applications
7.7 Other Applications
8 Global Advanced Battery Materials Market, By End User
8.1 Introduction
8.2 Automotive Industry
8.3 Energy & Utilities
8.4 Aerospace & Defense
8.5 Other End Users
9 Global Advanced Battery Materials Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 GS Yuasa Corp.
11.2 Pathion, Inc.
11.3 PolyPlus Battery Company Inc
11.4 Oxis Energy Ltd
11.5 Samsung SDI Co. Ltd.
11.6 Sion Power Corp
11.7 LG Chem Ltd
11.8 Siemens
11.9 Enerdel, Inc.
11.10 Saft Groupe SA
11.11 Albemarle
11.12 Gen Feng Lithium Co Ltd
11.13 Norlisk Nickel
11.14 Teck Resource
11.15 Livent Corporation
11.16 Glencore Plc
List of Tables
1 Global Advanced Battery Materials Market Outlook, By Region (2022-2030) ($MN)
2 Global Advanced Battery Materials Market Outlook, By Material Types (2022-2030) ($MN)
3 Global Advanced Battery Materials Market Outlook, By Anode Materials (2022-2030) ($MN)
4 Global Advanced Battery Materials Market Outlook, By Cathode Materials (2022-2030) ($MN)
5 Global Advanced Battery Materials Market Outlook, By Electrolyte Materials (2022-2030) ($MN)
6 Global Advanced Battery Materials Market Outlook, By Separator Materials (2022-2030) ($MN)
7 Global Advanced Battery Materials Market Outlook, By Binder Materials (2022-2030) ($MN)
8 Global Advanced Battery Materials Market Outlook, By Other Material Types (2022-2030) ($MN)
9 Global Advanced Battery Materials Market Outlook, By Battery Type (2022-2030) ($MN)
10 Global Advanced Battery Materials Market Outlook, By Lithium-Ion Batteries (Li-ion) (2022-2030) ($MN)
11 Global Advanced Battery Materials Market Outlook, By Solid-State Batteries (2022-2030) ($MN)
12 Global Advanced Battery Materials Market Outlook, By Nickel-Metal Hydride (NiMH) Batteries (2022-2030) ($MN)
13 Global Advanced Battery Materials Market Outlook, By Lead-Acid Batteries (2022-2030) ($MN)
14 Global Advanced Battery Materials Market Outlook, By Sodium-Ion Batteries (2022-2030) ($MN)
15 Global Advanced Battery Materials Market Outlook, By Other Battery Types (2022-2030) ($MN)
16 Global Advanced Battery Materials Market Outlook, By Application (2022-2030) ($MN)
17 Global Advanced Battery Materials Market Outlook, By Energy Storage Systems (2022-2030) ($MN)
18 Global Advanced Battery Materials Market Outlook, By Electric Vehicles (EVs) and Hybrid Evs (2022-2030) ($MN)
19 Global Advanced Battery Materials Market Outlook, By Consumer Electronics (2022-2030) ($MN)
20 Global Advanced Battery Materials Market Outlook, By Industrial Applications (2022-2030) ($MN)
21 Global Advanced Battery Materials Market Outlook, By Medical Devices & Marine Applications (2022-2030) ($MN)
22 Global Advanced Battery Materials Market Outlook, By Other Applications (2022-2030) ($MN)
23 Global Advanced Battery Materials Market Outlook, By End User (2022-2030) ($MN)
24 Global Advanced Battery Materials Market Outlook, By Automotive Industry (2022-2030) ($MN)
25 Global Advanced Battery Materials Market Outlook, By Energy & Utilities (2022-2030) ($MN)
26 Global Advanced Battery Materials Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
27 Global Advanced Battery Materials Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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