Report Id: SNS/C&M/1690 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Battery Metals Market Size was valued at expected to reach USD 23.94 billion by 2030, and USD 18.18 billion in 2022 and grow at a CAGR of 3.5 % over the forecast period 2023-2030. In a variety of critical applications, such as electric vehicles, off-grid battery storage, and consumer electronics, the battery is the most important component.
Investment in research and development for long-lasting and high-efficiency batteries has recently increased. Metals are important components of the cathode and other elements of the battery. Lithium may be found in both the cathode and anode of a lithium-ion battery, making it an important battery metal.
Electronics are becoming more integrated.
Transportation demand is increasing.
Government incentives and fuel savings for cleaner transportation
OEMs are releasing new hybrid and electric vehicle models.
For electric vehicles, there is a lack of support infrastructure.
Safety concerns around the use of batteries
Electric and hybrid vehicles are becoming more popular.
R&D in hybrid and electric vehicle batteries
Initial investment is high and the range is limited.
Oil prices that fluctuate
Impact of Covid-19:
The covid-19 pandemic, which began in China, has now spread throughout the world. The government is taking precautions to combat Covid-19. Lockdown and social distancing norms are having an impact on product supply in all businesses. It also has a substantial impact on the battery materials market's supply chain. The energy sector is having problems producing due to a workforce shortage, which causes delays in the shipping process, which causes delays in projects, research, and development. The sales of batteries and the rate at which they are produced have both dropped dramatically. Materials for the batteries are in short supply due to export-import limitations. Production delays have been announced by China's leading battery material makers. The production of numerous industries has come to a halt. The battery materials market trends are falling as a result of production challenges during Covid-19. By taking the appropriate actions, the leading players are attempting to enhance the market demand for battery materials.
3M, BASF SE, DowDuPont, Entek, Ecopro, Hitachi Chemical Co. Ltd, Mitsubishi Chemical Corporation, Nippon Denko Co. Ltd, Solvay, Celgard LLC, and other players.
Energy Storage Systems
Nickel metal hydride (Ni-Mh)
North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America are the primary regions in the battery materials market. According to the battery materials market data, Asia Pacific accounted for the largest share of the market. This was due to the region's increased need for electronic products. Apart from that, the market in this region is being driven by improved economic conditions, high earnings, and low electronics costs. In the projection timeframe, Asia Pacific will also have the greatest CAGR. Europe is also experiencing rapid expansion, mainly to the region's burgeoning automobile industry.
Because of the existence of advanced consumer technology, the North American region is predicted to grow at a rapid rate during the forecast period. The automobile industry in the United States will also play a significant role in raising demand for battery materials in this region. Because of industrialization, Latin America's market will increase positively. Due to economic progress, the market in the Middle East and Africa will rise moderately.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 18.18 Billion|
|Market Size by 2030||US$ 23.94 Billion|
|CAGR||CAGR of 3.5% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Lithium, Nickel, Cobalt, Others)
• By Application (Electric Vehicles, Consumer Electronics, Energy Storage Systems, Others) Battery type (Lithium-ion (Li-ion), Lead-acid, Nickel metal hydride (Ni-Mh), Nickel-cadmium (Ni-Cd), Others.)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||3M, BASF SE, DowDuPont, Entek, Ecopro, Hitachi Chemical Co. Ltd, Mitsubishi Chemical Corporation, Nippon Denko Co. Ltd, Solvay, Celgard LLC, and other players.|
|DRIVERS||• Electronics are becoming more integrated.
• Transportation demand is increasing.
• Government incentives and fuel savings for cleaner transportation
|Restraints||• For electric vehicles, there is a lack of support infrastructure.
• Safety concerns around the use of batteries
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The covid-19 pandemic, which began in China, has now spread throughout the world. The government is taking precautions to combat Covid-19. Lockdown and social distancing norms are having an impact on product supply in all businesses. It also has a substantial impact on the battery materials market's supply chain. The energy sector is having problems producing due to a workforce shortage, which causes delays in the shipping process, which causes delays in projects, research, and development. The sales of batteries and the rate at which they are produced have both dropped dramatically. Materials for the batteries are in short supply due to export-import limitations.
Ans: Key stakeholders considered in the study:
Raw material vendors
regulatory authorities, including government agencies and ngo
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
end-use industries are the stake holder of this report
Ans: Initial investment is high and the range is limited and Oil prices that fluctuate are the challenges faced by the Battery Metals Market.
Ans: Global Battery Metals Market Size was valued atexpected to reach USD 22.36 billion by 2028, and USD 17.57 billion in 2021 and grow at a CAGR of 3.5 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Battery Metals Market Segment, By Type
9. Global Battery Metals Market Segment, By Application
9.1 Electric Vehicles
9.2 Consumer Electronics
9.3 Energy Storage Systems
10. Global Battery Metals Market Segment, Battery type
10.1 Lithium-ion (Li-ion)
10.3 Nickel metal hydride (Ni-Mh)
10.4 Nickel-cadmium (Ni-Cd)
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6.3 Rest of Latin America
11. Company Profile
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 BASF SE
11.4 Celgard, LLC
11.6 Mitsubishi Chemical Corporation
11.9 Hitachi Chemical Co. Ltd
11.10 Nippon Denko Co., Ltd
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.