Global Li-ion Battery Materials Market, Forecast to 2026

Global Li-ion Battery Materials Market, Forecast to 2026

Quest to Strike Optimal Balance in the Crucial Trinity of Energy Density, Cost, and Supply Security to Steer Market Growth

RELEASE DATE
04-Jun-2020
REGION
Global
Research Code: MF51-01-00-00-00
SKU: CM01784-GL-MR_24455

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Description

The study is an attempt to quantify the consumption of key Lithium-ion (Li-ion) battery materials and to gauge the level of impact that market developments such as advancement in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenarios, and increasing shift in consumer preferences toward EVs are expected to have on the demand for individual materials over the 7 year period, 2020–2026. The study also presents historical volumes and revenues across segments for the period 2016–2019.

The scope of the study comprises analysis of the Li-ion battery materials market, focusing on key material types such as cathode materials, anode materials, electrolytes, and separators. The study also highlights the key aspects associated with materials used in the manufacturing of battery housings/casings and the prospects for plastics and composites in applications. It analyzes the demand for battery materials from applications such as EVs, industrial and energy storage systems (ESS), consumer electronics, and others (medical and healthcare devices and portable tools), while taking stock of the consumption of each of these material types on the basis of a robust methodology—comprising analysis of the regional Li-ion battery production, supply of such products, and the uptake of individual materials.

While it took nearly 8 years for the collective global EV (BEVs and PHEVs) sales volume to reach the million-units mark in 2015, the rapid growth in adoption thereafter resulted in annual sales volume reaching nearly 2.3 million in 2019. From a mere 0.7% in 2015, EVs share in the overall automotive sales swiftly reached nearly 2.9% in 2019. The much-awaited surge in adoption of EVs finally seems to be materializing, despite a downward trend in the overall automotive industry, in the case of conventional passenger vehicle sales, especially diesel vehicles, over the last 2 years. Among a multitude of factors, government incentives/subsidies on EVs, coupled with increasingly stringent regulations and legislations pertaining to CO2 emissions, continue to be the primary growth-driving factors for global EV sales.

On the flip-side, the prices of EVs available or imported into countries such as India and Brazil are significantly higher than conventional mass-market ICE vehicles. Furthermore, lack of a well-developed network of charging infrastructure in the countries is likely to continue compounding the impediments associated with mass adoption of EVs, at least over the short term.

The ever-increasing push toward longer-range vehicles and, hence, higher-energy density batteries entails a shift toward higher-nickel content cathode chemistry-based technologies, partial replacement of graphite with silicon composites in anodes, incorporation of functional additives in electrolytes, and increasing demand for thinner, high-thermal-resistance separators.

Battery materials compose a major chunk of the overall battery cost. While battery manufacturers are focusing on increasing capacity and reducing costs, a disruption in the supply of any of these crucial chemicals results in sky-rocketing prices and availability concerns, thereby disrupting the entire value chain. This is exacerbated by other diverse concerns ranging from ethical sourcing (artisanal or small-scale subsistence mining and child labor) to political instability in countries such as the Democratic Republic of Congo (DRC)—the single largest supplier of cobalt. With rapid expansion in battery manufacturing infrastructure, incumbents across the value chain are increasingly mandating ethical souring of raw materials, reduction in the use of critical materials, and developing processes and infrastructure for recycling and end-of-life management for Li-ion batteries, especially in Europe.

The global Li-ion battery materials market is composed of several large participants operating across key markets and numerous mid-sized companies operating at regional and domestic levels. Strengthening supply capabilities and development of efficacious, cost-effective alternatives that ensure higher-energy density continue to be among the primary points of focus for incumbents.

Frost & Sullivan’s analysis indicates that the global Li-ion battery materials market is slated to register a robust double-digit growth of about 13.9% in terms of revenue over the period 2020–2026.

Author: Gautam Rashingkar

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Findings

Strategic Factsheet

Market Engineering Measurements

CEO’s Perspective

Market Scope

Market Scope (continued)

Market Segmentation

Market Definitions

Market Definitions (continued)

Market Definitions (continued)

Market Definitions (continued)

Market Definitions (continued)

Market Overview

Market Overview (continued)

Battery Technology and Materials Evolution Timeline

Cathode Materials—Characteristics Comparison

Cathode Materials—Specifications Comparison

Cathode Materials—Material Selection Criteria for Applications

Cathode Materials—Key Features

Cathode Materials—Presence in Applications

Anode Materials—Characteristics Comparison

Separators—Key Parameters

Separators—Wet and Dry Process Separators Comparison

Separators—Wet Process and Dry Process Flow

Electrolytes—Materials Overview

Electrolytes—Components Overview

Electrolytes—Lithium Salts Properties Comparison

Market Segmentation by Material Type

Key Questions this Study will Answer

Overview

EV Sales—2007–2019

Global EV Market in 2019

Li-ion Batteries—Cost Composition

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Restraints Explained (continued)

Challenge and/or Opportunity for Material Suppliers

Drivers and Restraints—Impact Assessment

Drivers and Restraints—Impact Assessment (continued)

Market Engineering Measurements

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Volume Shipment and Revenue Forecast—Cathode Materials Segment

Volume Shipment and Revenue Forecast—Anode Materials Segment

Volume Shipment and Revenue Forecast Discussion—Cathode and Anode Materials Segments

Volume Shipment and Revenue Forecast—Electrolytes Segment

Volume Shipment and Revenue Forecast—Separators Segment

Volume Shipment and Revenue Forecast Discussion—Electrolytes and Separators Segments

Percent Revenue Forecast by Material Type

Revenue Forecast by Material Type

Volume Shipment Forecast by Material Type

Volume Shipment and Revenue Forecast Discussion by Material Type

Attractiveness Analysis by Material Type

Applications Overview

Percent Revenue Forecast by Application

Revenue Forecast by Application

Revenue Forecast Discussion by Application

Revenue Forecast Discussion by Application (continued)

Attractiveness Analysis by Application

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast Discussion by Region—Americas

Revenue Forecast Discussion by Region—Europe

Revenue Forecast Discussion by Region—APAC

Attractiveness Analysis by Region

Trends

Trends—Cathode Materials

Trends—Cathode Materials (continued)

Trends—Cathode Materials (continued)

Trends—Anode Materials

Trends—Anode Materials (continued)

Trends—Separators

Trends—Electrolytes

Value Chain

Value Chain (continued)

Value Chain (continued)

Value Chain (continued)

Value Chain Discussion

Mergers and Acquisitions—Snapshot

Market Share

Market Share Analysis

Competitive Environment

Growth Opportunity 1—Development of Advanced Cathode Materials

Growth Opportunity 2—Strengthening Footprint Across Geographies

Growth Opportunity 3—Recycling and End-of-life Management

Growth Opportunity 4—Development of Materials for Next-generation Batteries

Strategic Imperatives for Success and Growth

Characteristics and Overview

Market Engineering Measurements

Revenue Forecast

Volume Shipment Forecast

Volume Shipment and Revenue Forecast Discussion

Pricing Trends and Forecast

Pricing Trends and Forecast Discussion

Percent Volume Shipment Forecast by Chemistry

Percent Volume Shipment Forecast by Chemistry (continued)

Volume Shipment Forecast by Chemistry

Volume Shipment and Revenue Forecast Discussion by Chemistry

Attractiveness Analysis by Chemistry

Competitive Environment

Characteristics and Overview

Market Engineering Measurements

Revenue Forecast

Volume Shipment Forecast

Volume Shipment and Revenue Forecast Discussion

Pricing Trends and Forecast

Pricing Trends and Forecast Discussion

Percent Volume Shipment Forecast by Chemistry

Percent Volume Shipment Forecast by Chemistry (continued)

Volume Shipment Forecast by Chemistry

Volume Shipment Discussion by Chemistry

Attractiveness Analysis by Chemistry

Competitive Environment

Characteristics and Overview

Market Engineering Measurements

Revenue Forecast

Volume Shipment Forecast

Volume Shipment and Revenue Forecast Discussion

Pricing Trends and Forecast

Pricing Trends and Forecast Discussion

Competitive Environment

Characteristics and Overview

Market Engineering Measurements

Revenue Forecast

Volume Shipment Forecast

Volume Shipment and Revenue Forecast Discussion

Pricing Trends and Forecast

Pricing Trends and Forecast Discussion

Percent Volume Shipment Forecast by Process

Percent Volume Shipment Forecast by Process (continued)

Volume Shipment Forecast by Process

Volume Shipment and Revenue Forecast by Process

Attractiveness Analysis by Process

Competitive Environment

EV Battery Housing/Casing—Overview

Light-weighting Strategies for EVs

Plastics and Composites—Comparison with Metals

Weight Composition Comparison—EVs Vs ICE

Battery Pack Weight Composition

Plastics and Composites—Key Requirements

Indicative Representation—Housing/Casing Materials Consumption, 2026

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Abbreviations and Acronyms Used

Battery Electric Vehicle (BEV)

Plug-in Hybrid Vehicle (PHEV)

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The study is an attempt to quantify the consumption of key Lithium-ion (Li-ion) battery materials and to gauge the level of impact that market developments such as advancement in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenarios, and increasing shift in consumer preferences toward EVs are expected to have on the demand for individual materials over the 7 year period, 2020–2026. The study also presents historical volumes and revenues across segments for the period 2016–2019. The scope of the study comprises analysis of the Li-ion battery materials market, focusing on key material types such as cathode materials, anode materials, electrolytes, and separators. The study also highlights the key aspects associated with materials used in the manufacturing of battery housings/casings and the prospects for plastics and composites in applications. It analyzes the demand for battery materials from applications such as EVs, industrial and energy storage systems (ESS), consumer electronics, and others (medical and healthcare devices and portable tools), while taking stock of the consumption of each of these material types on the basis of a robust methodology—comprising analysis of the regional Li-ion battery production, supply of such products, and the uptake of individual materials. While it took nearly 8 years for the collective global EV (BEVs and PHEVs) sales volume to reach the million-units mark in 2015, the rapid growth in adoption thereafter resulted in annual sales volume reaching nearly 2.3 million in 2019. From a mere 0.7% in 2015, EVs share in the overall automotive sales swiftly reached nearly 2.9% in 2019. The much-awaited surge in adoption of EVs finally seems to be materializing, despite a downward trend in the overall automotive industry, in the case of conventional passenger vehicle sales, especially diesel vehicles, over the last 2 years. Among a multitude of factors, government incentives/subsidies on EVs, coupled with increasingly stringent regulations and legislations pertaining to CO2 emissions, continue to be the primary growth-driving factors for global EV sales. On the flip-side, the prices of EVs available or imported into countries such as India and Brazil are significantly higher than conventional mass-market ICE vehicles. Furthermore, lack of a well-developed network of charging infrastructure in the countries is likely to continue compounding the impediments associated with mass adoption of EVs, at least over the short term. The ever-increasing push toward longer-range vehicles and, hence, higher-energy density batteries entails a shift toward higher-nickel content cathode chemistry-based technologies, partial replacement of graphite with silicon composites in anodes, incorporation of functional additives in electrolytes, and increasing demand for thinner, high-thermal-resistance separators. Battery materials compose a major chunk of the overall battery cost. While battery manufacturers are focusing on increasing capacity and reducing costs, a disruption in the supply of any of these crucial chemicals results in sky-rocketing prices and availability concerns, thereby disrupting the entire value chain. This is exacerbated by other diverse concerns ranging from ethical sourcing (artisanal or small-scale subsistence mining and child labor) to political instability in countries such as the Democratic Republic of Congo (DRC)—the single largest supplier of cobalt. With rapid expansion in battery manufacturing infrastructure, incumbents across the value chain are increasingly mandating ethical souring of raw materials, reduction in the use of critical materials, and developing processes and infrastructure for recycling and end-of-life management for Li-ion batteries, especially in Europe. The global Li-ion battery materials market is composed of several large participants operating across key markets and numerous mid-sized companies operating at regional and domestic levels. Strengthening supply capabilities and development of efficacious, cost-effective alternatives that ensure higher-energy density continue to be among the primary points of focus for incumbents. Frost & Sullivans analysis indicates that the global Li-ion battery materials market is slated to register a robust double-digit growth of about 13.9% in terms of revenue over the period 2020–2026. Author: Gautam Rashingkar
More Information
No Index No
Podcast No
Author Gautam Rashingkar
Industries Chemicals and Materials
WIP Number MF51-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9869-A2,9595,9870