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 https://www.lucintel.com/battery-materials-market.aspx 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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