Lithium-Ion Battery Materials Market to attain USD 28.23 billion by 2028

By Sachin Pashte  | Date: December 21, 2022

Lithium-Ion Battery Materials Market to attain USD 28.23 billion by 2028

Report findings suggest that global Lithium-Ion Battery Materials Market was valued at USD 12,000 million in 2021 and is expected to reach USD 28,230 million by 2028, showcasing a 13% CAGR during the forecast period.

The market research study on the ‘Global Lithium-ion Battery Materials Market’ offers a comprehensive overview of the industry and places special emphasis on crucial factors including top manufacturers, product categories, applications, and geographical regions. Moreover, the study analyses significant industry advancements and provides insights into market trends. The research includes a number of variables in addition to those listed above that have helped the market expand over the past few years.

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COVID-19 Impact:

Global lithium-ion battery materials market was negatively affected by the most recent coronavirus outbreak. Other difficulties that had hampered the industry's expansion, such as a lack of skilled labor, logistical problems, a paucity of materials, and others, also had an impact on the various end-use sectors. Due to the numerous precautionary lockdowns imposed by governments to stop the spread of disease, there were serious interruptions in various production and supply chain operations, which resulted in significant financial losses for the market.

However, with successful vaccination drives, the virus outbreak has been controlled substantially and the industry is expected to pick up pace in the forthcoming years.

Segmentation & Regional Overview:

In terms of type, worldwide lithium-ion battery materials market is bifurcated into electrolyte, lithium-ion battery separator, anode materials, and cathode materials. On the basis of application ambit, the business sphere is branched into consumer electronics, grid energy storage, automotive, and others.

Concerning the regional terrain, the industry spans across Asia-Pacific (India, New Zealand, China, Singapore, Japan, Australia, rest of APAC), Middle East & Africa (Africa, Saudi Arabia, UAE, Iran, Turkey, rest of MEA), North America (Canada, U.S., Mexico), South America (Brazil, Argentina, rest of SA), and Europe (U.K., Germany, Italy, Russia, France, Spain, rest of Europe.)

Competitive dashboard:

The major firms in global lithium-ion battery materials industry are Toray Industries, Inc., Sumitomo Corporation, Asahi Kasei Corporation, Mitsubishi Chemical Holdings Corporation, Kureha Battery Materials Japan Co., Ltd., Showa Denko K. K., Shanghai Shanshan Technology Co., Ltd., Btr New Energy Materials Inc., LG Chem Ltd., Targray Technology International Inc., and Umicore India Pvt. Ltd.

FAQs:

How are the different segments in global lithium-ion battery materials market bifurcated by type?

A: Electrolyte, lithium-ion battery separator, anode materials, and cathode materials are the types assessed in global lithium-ion battery materials market report.

Which are the prominent companies influencing global lithium-ion battery materials market dynamics?

A: The major firms in global lithium-ion battery materials industry are Toray Industries, Inc., Sumitomo Corporation, Asahi Kasei Corporation, Mitsubishi Chemical Holdings Corporation, Kureha Battery Materials Japan Co., Ltd., Showa Denko K. K., Shanghai Shanshan Technology Co.,Ltd., Btr New Energy Materials Inc., LG Chem Ltd., Targray Technology International Inc., and Umicore India Pvt. Ltd.

Which are the pivotal regions of the worldwide lithium-ion battery materials market?

A:  Asia-Pacific (India, New Zealand, China, Singapore, Japan, Australia, rest of APAC), Middle East & Africa (Africa, Saudi Arabia, UAE, Iran, Turkey, rest of MEA), North America (Canada, U.S., Mexico), South America (Brazil, Argentina, rest of SA), and Europe (U.K., Germany, Italy, Russia, France, Spain, rest of Europe.) are the key regions contributing to global lithium-ion battery materials market revenue.

Which are the basic applications of global lithium-ion battery materials market?

A: Consumer electronics, grid energy storage, automotive, and others are among the applications of this industry reviewed in the research.

How is global lithium-ion battery materials market likely to perform during 2022-2028?

A: Global lithium-ion battery materials market is expected to reach USD 28230 million by 2028, showing a 13% CAGR during the forecast period.

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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