A new informative study titled “Battery Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). The report projects the global battery materials market to grow at a CAGR of over 13% during the assessment period and surpass US$ 13.5 Bn in revenues.
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The report offers a comprehensive analysis on the key influencing factors for battery materials market during the assessment period. The key drivers, restraints, opportunities, and threats impacting the market have been discussed in detail in the report. A detailed competitive landscape that profiles some of the leading players in the market has also been included in the report.
According to the report, steady demand from automotive and consumer goods industries is likely to support the growth of the market during the assessment period. Growing emphasis on energy-efficiency, combined with focus on price reduction to stay competitive in the market are among the key trends in the market. The shift to electric vehicles is influencing leading battery manufacturers to innovate and align their offerings with what is touted as the future of transportation.
In a bid to give readers detailed insights on the lucrative and sluggish segments, the report has segmented the market on the basis of material type, end user, application and region.
By material type, the global market is further sub-segmented into binders, electrolyte (zinc carbon, sulfuric acid, ammonium chloride, alkali metal hydroxide and others), cathode (manganese dioxide, lead dioxide, nickel manganese cobalt, lithium ferrophosphate, lithium manganese oxide¸ lithium cobalt oxide¸ nickel cobalt aluminum and others), anode (cadmium, carbon, magnesium, lithium, lead, graphite and others) and others.
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The end user segment categorizes the market into industrial, consumer goods, transportation and others. Region wise, the report has divided the global market into North America, Europe, Latin America, Asia Pacific and Middle East and Africa.
According to the report, North America is one of the largest markets for battery materials globally. The demand for battery materials in North America is driven by steady demand from behemoth automotive industry in the US. In addition to North America, Asia Pacific is also expected to offer significant growth opportunities for the growth of the market during the assessment period.
The report also offers information and analysis on the leading players in the market. Some of the major companies profiled in the report are Mitsubishi Chemical Holdings Corporation, FMC Corporation, Cabot Corporation¸ American Elements, Sumitomo Metal Mining Company Limited, BASF SE¸ Asahi Kasei Corporation, Albemarle Corporation, Arkema SA and Ube Industries Limited.
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