Battery Material Market is expected to reach $148.7 Billion by 2027 – An exclusive market research report by Lucintel

Battery Material Market is expected to reach $148.7 Billion by 2027 - An exclusive market research report by Lucintel
Trends and Forecast for the Global Battery Material Market
Trends, opportunities and forecast in battery material market to 2027 by component type (cathodes, anodes, electrolytes, separators, and others), battery type (primary batteries and secondary batteries), end use industry (consumer electronics, transportation, industrial, and others), chemistry type (lithium-ion, lead acid, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Lucintel’s latest market report analyzed that battery material provides attractive opportunities in the transportation, industrial, and consumer electronics industries. The battery material market is expected to reach $148.7 billion by 2027 with a CAGR of 16%. In this market, transportation is the largest segment by end use industry, whereas cathode is largest by component type. Development of solid state electrolyte and the emergence of sodium-ion batteries provides strategic growth path in this market.

Download Brochure of this report by clicking on Based on end use industry, the battery material market is segmented into consumer electronics, transportation, industrial, and others. The transportation segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to customer inclination towards electric vehicles and growing preference for NMC (Nickel Manganese Cobalt) and NCA (Nickel Cobalt Aluminum) based lithium-ion batteries in electric vehicles are expected to drive the market of battery materials in the transportation sector.

Browse in-depth TOC on “Battery Material Market”

68 – Tables

107 – Figures

205 – Pages

The Battery Material Market is marked by the presence of several big and small players. Some of the prominent players offering battery material include Umicore, Asahi Kasei, Sumitomo Metal Mining, Mitsubishi Chemical, Toray, Toda Kogyo Corporation, Showa Denko K.K.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

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