The Global Battery Raw Materials Market Size accounted for USD 47.3 Billion in 2021 and is projected to occupy a market size of USD 91.5 Billion by 2030 growing at a CAGR of 7.7% from 2022 to 2030.

Personal mobility electrification is gaining traction in ways that even its most ardent supporters could not have predicted just a few years ago. Government mandates will hasten change in many countries. Battery-powered lithium particle batteries are utilized widely in contrast with customary lead corrosive batteries because of rise of natural concerns. What's more, development being used of sustainable wellsprings of vitality, for example, sun based is relied upon to result in uplifted interest for lithium batteries. The lead corrosive battery industry is overwhelmingly soaked and the degree for development of the innovation utilized in the item is generally restricted thus. Lessening application degree and concerns with respect to utilization of cancer-causing materials in lead batteries are likewise expected to confine industry development.

Battery Raw Materials Market Report Statistics

• Global battery raw materials market revenue is estimated to reach USD 91.5 Billion by 2030 with a CAGR of 7.7% from 2022 to 2030
• Asia-Pacific battery raw materials market share generated over 30% shares in 2021
• Asia-Pacific battery raw materials market growth will record substantial CAGR of over 8% from 2022 to 2030
• Based on battery type, lithium-ion recorded around 48% of the overall market share in 2021
• Among li-ion battery material application, consumer electronics generated shares of over 51% in 2021
• According to the IBEF, the global consumer electronics industry recorded USD 426 billion in 2020
• Growing technological advancement in li-ion battery technology is a popular battery raw materials market trend that is fueling the industry demand

Global Battery Raw Materials Market Dynamics

Market Drivers

• Growth in electric vehicles such as HEVs and PHEVs
• Increasing demand for lithium-ion technology in renewable energy industry
• Surge in consumer electronic devices

Market Restraints

• Strict regulation for batteries during operation
• Poor charging infrastructure

Market Opportunities

• Rising adoption of recycled li-ion battery material
• Surging focus of management of waste lead acid batteries

Battery Raw Materials Market Report Coverage

Market	Battery Raw Materials Market
Battery Raw Materials Market Size 2021	USD 47.3 Billion
Battery Raw Materials Market Forecast 2030	USD 91.5 Billion
Battery Raw Materials Market CAGR During 2022 - 2030	7.7%
Battery Raw Materials Market Analysis Period	2018 - 2030
Battery Raw Materials Market Base Year	2021
Battery Raw Materials Market Forecast Data	2022 - 2030
Segments Covered	By Battery Type, By Li-Ion Battery Material, By Li-Ion Battery Material Application, By Lead Acid Battery Material, By Lead Acid Battery Material Application, By Other Batteries Material, And By Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled	ITOCHU Corporation, Targray Technology International Inc., Celgard LLC, Umicore S.A., Entek International LLC, 3M, Valence Technology, Inc., BASF Catalysts LLC, and Nichia Corporation.
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Battery Raw Materials Market Growth Factors

The business is probably going to profit by expanding use of lightweight and battery-powered batteries in consumer electronics products, for example, workstations and cell phones. Also, an extending middle-income population group with increased inclination for cell phones is probably going to drive the market.

High demand in research and development for mining, handling, and assembling raw materials utilized in the assembling of batteries is relied upon to positively affect showcase development. Key industry players are engaged in patenting technologies and on equipment and components that offer higher execution and productivity so as to build yearly incomes.

Battery Raw Materials Market Segmentation

The global battery raw materials market is segmented based on battery type, li-ion battery material, li-ion battery material application, lead acid battery material, lead acid battery material application, other batteries material, and geography.

Battery Raw Materials Market By Type

• Lithium-Ion
• Lead Acid
• Others

According to an analysis of the battery raw materials industry, lithium-ion will account for more than 48% of the total market in 2021. Due to the rising demand for electric vehicles, the lithium-ion segment is anticipated to dominate during the forecast period. Because of its tint memory effect, low self-discharge, and high energy density, it is utilized in portable electronic devices.

Battery Raw Materials Market By Li-Ion Battery Material

• Anode
  • Natural Graphite
  • Artificial Graphite
  • Amorphous Carbon
  • LTO
  • Si Compounds
• Cathode
  • LCO
  • NMC
  • LFP
  • LMO
  • NCA
• Separator
• Others
  • Binder
  • Electrolyte
  • Packaging Material

According to our battery raw materials market forecast, the cathode sub-segment is anticipated to hold a prominent market share from 2022 to 2030. The market for battery raw materials is dominated by the cathode segment. The main element of the battery that affects the cell's energy density is the cathode material. Utilizing cell capacity, the energy density is calculated. The choice of cathode materials is influenced by a number of variables, including operating temperature, cell voltage, capacity, energy and power capabilities, and cycle life.

Battery Raw Materials Market By Li-Ion Battery Material Application

• Consumer Electronics
• Automotive
• Grid Storage
• Others

Based on li-ion battery material application, the consumer electronics sub-segment generated significant market revenue during the forecast period. Although the consumer electronics sector has experienced a significant slowdown due to its maturity, newer and more intelligent electronic devices are expected to open up new opportunities for the sector to expand. Globally expanding use of smart devices is also anticipated to present expansion opportunities.

Battery Raw Materials Market By Lead Acid Battery Material

• Electrodes
• Electrolyte
• Separator
• Packaging

Battery Raw Materials Market By Lead Acid Battery Material Application

• Automotive
• UPS
• Telecom
• Others

Battery Raw Materials Market By Other Batteries Material

• Electrodes
• Electrolyte
• Separator
• Packaging

Battery Raw Materials Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Battery Raw Materials Market Regional Analysis

The asset rich North America showcase is exceptionally great for makers to set up their base. The minerals and metal saves in U.S. sum to USD 6.1 trillion, which is utilized in buyer hardware, car, sun based parts, and others applications. The Europe showcase is relied upon to observe appeal for lithium particle stockpiling batteries for extravagance autos. The business in the locale is described by extraordinary challenge between real market players. A noteworthy bit of battery raw materials are mined from the South American district, while countless and constructing agents are situated in Asia Pacific and North America. Handled metals in China are traded to North America for use in car applications.

Battery Raw Materials Market Players

The market is portrayed by substantial number of products generating higher incomes, with the automotive industry accounting the biggest market chunk. Organizations contend based on creative techniques and patents acquired. Growing R&D investments paired with technical advancements to commercialize highly efficient products are expected to offer huge growth opportunities for industry participants. Some of the main businesses present in the battery raw materials market are ITOCHU Corporation, Targray Technology International Inc., Celgard LLC, Umicore S.A., Entek International LLC, 3M, Valence Technology, Inc., BASF Catalysts LLC, and Nichia Corporation. Significant strategic initiatives undertaken by global businesses include partnerships, new product launch, acquisitions.

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