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APAC to Remain Dominant Region Due to Key Battery OEMs Demanding Preference of Li-ion Battery Materials Suppliers in Close Proximity
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This study analyzes the global battery materials market over the period 2013-2023. There are two main types of batteries: Primary or non-rechargeable and secondary or rechargeable batteries. This research focuses on battery materials of only Li-ion and lead acid battery chemistries of the secondary type as both cover 70-80% of the total battery materials market, globally. The study is segmented into Li-ion battery materials and lead acid battery materials. Li-ion battery materials are gaining momentum in the market due to consumer electronics and electric vehicle applications and, hence, are further analyzed according to their sub-segments that include cathode active, anode active, electrolyte and separator materials. Li-ion battery materials also present numerous material, product and technology trends. Lead acid battery materials, in contrast, do not have such a wide portfolio. The regions covered include North America, Europe, Asia Pacific and Rest of World. The study analyzes the current market size in terms of unit shipments and revenues based on the average prices of materials in the marketplace. It also provides a 7 year forecast based on the expected CAGR at which the respective battery materials segments and sub-segments are likely to grow. Further, it includes detailed analyses of drivers, restraints, market trends, product and technology trends, material trends, value chain analysis, mergers and acquisitions, competitive environment and product matrix. A range of chemistries have been extensively analyzed as sub-segments under the Li-ion battery materials segment based on their adoption levels:Cathode active materials – LFP, LMO, LCO, NCM and NCAAnode active materials – Natural graphite, synthetic graphite, silicon composites, lithium tin oxide and amorphous carbonElectrolyte materials – Liquid, solid polymer and solid state electrolytesSeparator materials – Polyethylene / PolypropyleneOn the other hand, the study offers a more concise discussion of the lead acid battery materials segment including lead cathode, lead oxide anode, sulfuric acid electrolyte and separator materials.
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