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The global battery raw materials market size is expected to reach USD 68.57 billion by 2025 at a 7.4% CAGR during the forecast period, according to a new report by Grand View Research, Inc. The industry is anticipated to grow on account of technological advancements and innovations in batteries used in external power generating systems.

Battery manufacturers lay greater emphasis on sourcing materials with mining and processing of raw materials undertaken by major companies operating in the market. The industry is characterized by presence of stringent regulatory framework with regulations imposed on mining, processing, assembling, packaging, shipping, and waste disposal.

Rechargeable lithium ion batteries are used extensively in comparison to conventional lead acid batteries due to emergence of environmental concerns. In addition, growth in use of renewable sources of energy such as solar is expected to result in heightened demand for lithium batteries.

The lead acid battery industry is predominantly saturated and the scope for growth of the technology used in the product is relatively limited as a result. Diminishing application scope and concerns regarding use of carcinogenic materials in lead batteries are also expected to limit industry growth.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/battery-raw-material-market

Battery Raw Materials Market Report Highlights

• By material, LTO is expected to be the fastest growing segment, in terms of volume, registering a CAGR of 22.1% from 2018 to 2025 owing to lesser recharging time required by the material for reuse

• On the basis of application, the automotive segment is anticipated to exhibit the fastest growth, registering a CAGR of 14.1% from 2018 to 2025 on account of proliferation of a number of major and medium scale companies focused on manufacturing electric vehicles

• Cathode materials used in lead acid battery are expected to exhibit a growth of CAGR of 6.3%, in terms of revenue from 2018 to 2025, on account of growing number of innovations and technological advancements in electrode materials in a bid to increase operational efficiency

• Key companies engaged in the industry customize battery production in line with application. Companies involved in manufacturing operate across the globe through extensive distribution networks.

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Battery Raw Materials Market Segmentation

Grand View Research has segmented the global battery raw materials market on the basis of li-ion battery material, lead acid battery material, other battery material, application, and region.

Li-Ion Battery Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

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

Lead Acid Battery Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

    • Electrodes
    • Electrolyte
    • Separator
    • Packaging

Other Batteries Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

    • Electrodes
    • Electrolyte
    • Separator
    • Packaging

Lead Acid Battery Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)    

    • Automotive
    • UPS
    • Telecom
    • Others

Battery Raw Materials End Use Outlook (Revenue, USD Million, 2014 – 2025)

    • IT & Telecommunications
    • BFSI
    • Government
    • Energy
    • Healthcare
    • Retail
    • Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)                  

    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • South Korea
        • Japan 
    • Rest of the World
        • Brazil

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/2549/ibb

Browse More Related Report:

Battery Metals Market Size, Share & Trends Analysis Report By Product (Lithium, Nickel, Cobalt), By Application (EVs, Electronic Devices, Stationary Battery Energy Storage, SLI), By Region, And Segment Forecasts, 2020 – 2027

About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/battery-raw-material-market