According to Our latest research report on “Battery Metals Market” highlights the substantial global expansion occurring within this sector. The report encompasses projections for the years leading up to 2031, accompanied by a comprehensive analysis of the market’s current size, prevailing trends, market share, and economic insights.
The global battery metals market was valued at $11.3 billion in 2019, and is projected to reach $20.5 billion by 2027, growing at a CAGR of 8.2% from 2020 to 2027. Battery metals are the raw materials used in the production of batteries such as lithium, nickel, cobalt, manganese, and graphite. These battery metals are increasingly used in batteries for electric vehicles, consumer electronics, and other applications. Lithium metals are extracted from the brines and hard rock deposits present in the economies such as China, Americas, Australia, Canada, Brazil, and Portugal. Cobalt is most widely used as the cathode material in the lithium-ion batteries. Nickel is used in battery applications, owing to its high energy density and storage capacity.
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In order to be able to fulfill rising demand, the chemical industry invests billions of dollars each year in new and sustaining capital. Chemicals and materials are omnipresent in contemporary life, therefore major changes will be required for chemical makers to function in a changing geopolitical environment on a global scale, either proactively or reactively. Chemical firms will probably need to prepare for difficulties in the upcoming year, such as global inflation and oil price instability. Surge in penetration of smartphones, tablets, and other electronic devices significantly contribute toward the growth of the global battery metals market. In addition, increase in demand for electric vehicles/hybrid electric vehicle from both developed and developing economies across the globe is projected to fuel the growth of the battery metal market from 2020 to 2027. Moreover, rapid growth of the renewable energy industry is expected to boost the demand for batteries, which, in turn, drives global battery metals market.
However, increase in battery waste and high risk of battery material supply security due to international trade relations are expected to hamper the growth of the battery metals market, globally. Conversely, increase in investment toward electrification of remote and rural area is expected to create potential growth opportunity for key player operating in this market. Furthermore, higher energy efficiency requirements in technologically updated consumer gadgets is expected to offer remunerative opportunities for the expansion of the global market.
The global battery metals market is segmented into metals type, application, and region. Depending on metal type, it is categorized into lithium, cobalt, nickel, and others. The applications covered in the study include consumer electronics, electric mobility, energy storage systems, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
? The report includes in-depth analysis of different segments and provides market estimations between 2020 and 2027.
? A comprehensive analysis of the factors that drive and restrict the growth of the global battery metals market is provided.
? Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
? Estimations and forecast are based on factors impacting the global battery metals market growth, in terms of value.
? The key market players are profiled to gain an understanding of the strategies adopted by them.
? This report provides a detailed analysis of the current trends and future estimations from 2020 to 2027, which help to identify the prevailing market opportunities.
KEY MARKET PLAYERS
– Glencore International AG
– Albemarle Corporation
– Sumitomo Metal Mining Co., Ltd.
– Umicore
– Tianqi Lithium
– Vale
– China Molybdenum Co., Ltd.
– SQM S.A.
– Gan Feng Lithium Co., Ltd.
– Norlisk Nickel.
Other players operating in the battery metals market are Bolt Metals, Galaxy Resources Limited, BHP Group, and Anglo American Plc.
KEY MARKET SEGMENTS
By Metals Type
– Lithium
– Cobalt
– Nickel
– Others
By Application
– Consumer Electronics
– Electric Mobility
– Energy Storage Systems
– Others
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions the Report Discusses
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- What obstacles and problems face the growth of an industry?
- What does supply chain analysis for products and market size, share mean?
- Which of the possible manufacturers is still operating in the market?
- What are the advantages, benefits, and applications of the product’s features?
- What are the main trends and influencing factors?
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