#Battery #Materials #Market #Worth #USD #Billion
New York, USA, Sept. 30, 2022 (GLOBE NEWSWIRE) — Battery Materials Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Battery Materials Market Information by Type, Battery Type, Application, and Region – Forecast till 2030”, the market is estimated to grow at a 8.75% CAGR to reach USD 62 Billion by 2030.
Market Synopsis
Battery materials can be described as raw materials as well as compounds within the battery supply chain and primarily contain metals like Cobalt, Nickel, and Lithium, among others. They are sourced from upstream mining operations involving the conversion of mineral ores or seawater brines into processed battery metals.
The end products of battery materials are battery packs, which have uses in numerous industries like consumer electronics, energy storage devices, and automotive. The highest demand in the market is seen by lithium-ion batteries, which are extracted from mineral ores such as lepidolite and spodumene. Other than lithium, batteries also contain nickel, manganese, and cobalt, to some level.
Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/1518
Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 62 Billion |
| CAGR | 8.75% (2022–2030) |
| Base Year | 2021 |
| Forecast Period | 2022–2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, by Battery Type, by Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Rapid development in the automotive sector |
| Increasing demand for consumer electronics |
Market Competitive Landscape:
The affluent firms in the battery materials industry are:
- 3M (US)
- BASF SE (Germany)
- DowDuPont (US)
- Celgard, LLC (US)
- Solvay (Belgium)
- Mitsubishi Chemical Corporation (Japan)
- Entek (UK)
- Ecopro (South Korea)
- Hitachi Chemical Co. Ltd (Japan)
- Nippon Denko…
Read on GNW: Battery Materials Market Worth USD 62 Billion by 2030 at
