Industry Background:
The storage batteries are used in various electronic devices such as mobile phone ad laptops. Additionally, it is also used in electric vehicles. Among the types of batteries, lithium ion batteries are mostly used as it has high energy density. These type of batteries consists of cathode, anode, electrolyte and separator. The cathode consist of lithium ion phosphate, Lithium manganese oxide, lithium nickel cobalt aluminium oxide, and others. Whereas the anode consists of graphite. Since the lithium ion batteries have wide usage, the materials of battery has higher demand which is propelling the market growth.This growth is primarily driven by Rising Usage of Electronic Devices is Fueling the Market Growth
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Auto Parts & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as 3M (United States), Asahi Kasei Corporation (Japan), Basf (Germany), Dow (United States), Celgard (United States), Ningbo Shanshan Company (China), Ecopro (Switzerland), Entek International (United Kingdom), Hitachi Chemical (Japan) and Itochu (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2019, 3M has acquired Acelity Inc. This acquisition will help the company to expand the business in advanced surgical care.
In February 2019, DOE has launched R&D center for lithium ion battery recycling to develop the recycling processes.
Influencing Trend:
Increasing Installations of Solar PV and Rising Adoption of Smart Wearable
Market Growth Drivers:
Rising Usage of Electronic Devices is Fueling the Market Growth and Features Such as Compact Size, Long Discharge Life and High Energy Density is Propelling the Market
Challenges:
Restricted Usage of Li Ion Batteries in Air Transportation
Restraints:
High Costs Associated with the Batteries
Opportunities:
Increasing Production of Electric Vehicles, Growing Popularity of Portable Electronics and Increasing Disposable Income in the Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Battery Materials Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Battery Materials Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Battery Materials players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Battery Materials Study Sheds Light on
The Battery Materials Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Battery Materials industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Battery Materials industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.