Battery materials demand continues to grow at a sturdy pace. The battery industry is unlike to face any major headwinds in the medium term. Several factors can be linked with the exponential growth of battery materials market. Emergence of China as a manufacturing hotspot has reflected favourably on the battery industry. Demand for primary and secondary batteries has increased significantly owing to the introduction of a wide range of portable electronic devices such as smartphones, tablets, laptops etc. Growth of the battery materials market can also be linked with socio-economic factors such as robust industrialization in fast-developing countries, rising vehicle parc, and increasing disposable income. Market Research Future (MRFR) projects that global battery materials market will exhibit a strong growth over the next five years.

The focus remains on development of high-performance batteries, which is also driving innovation in battery materials. Battery performance is measured under certain barometers such as power density, energy density, price, stability or cyclability and most importantly safety. Large scale sectors such as automotive, electric grid, and data centers are some of leading consumers of batteries. OEMs are striving to make batteries more efficient where materials play an important role. Advances in battery technology and emergence of clean technology is expected to create lucrative opportunities for battery suppliers. As the limelight shifts towards technologies such as electric EVs and device portability, batteries gain higher prominence in the world of electronics.  Nonetheless, introduction of stringent regulations on toxic waste from battery production and used batteries may undermine the market potential.  

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Global Battery Material Market: Segmental Analysis

MRFR’s reports include a thorough segmental analysis of the market based on application, type and end use industry. By application, the market has been segmented into secondary batteries, primary batteries and others. By type, the market has been segmented into anode, cathode, electrolyte, binders, separator, and packaging material. By end use, the market has been segmented into power storages, automobiles, electronics, and others.

Global Battery Material Market: Regional Analysis

The market has been covered across regions such as North America, Europe, Asia Pacific (APAC), Latin America and the Middle East Africa (MEA). The market in APAC is projected to remain highly lucrative in 2018 and beyond. In addition, the region’s market is expected to register the strongest compound annual growth rate (CAGR) during the review period. Countries such as China, India, Japan and South Korea are expected to play an instrumental role in further development of the market in near future. Many of these countries have established themselves as major hubs of electronics manufacturing. This is partly propelling the battery materials market forward.  North America is also expected to remain an important market for battery materials. Factors such as high consumption potential and presence of leading battery companies is supporting the market’s growth in North America.

Global Battery Material Market: Competitive Landscape

3M Company (U.S.), ENTEK International LLC (U.K), Hitachi Chemical Company, Ltd. (Japan), Celgard, LLC (U.S.), Mitsubishi Chemical Corporation (Japanese), Nippon Denko Co., Ltd. (Japan), BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Ecopro Co., Ltd. (South Korea), Solvay S.A. (Belgium), and The Dow Chemical Company (U.S.) are some of the leading companies operating in the market.

Industry News

• British multinational speciality chemicals and sustainable technologies company Johnson Matthey (JM) recently revealed that the it had obtained licence under the intellectual property of CAMX. This will allow JM to access the GEMX platform for nickel processing primarily for lithium-ion batteries manufacturing.

• BASF is setting up its EV battery materials facility in Harjavalta, Finland to serve the European market. Reportedly, the new facility will be constructed adjacent to Russian nickel and palladium mining and smelting company Nornickel’s nickel and cobalt refinery.