Battery Materials Market Overview:
Battery materials are essential components used in manufacturing primary and secondary batteries. These batteries, in turn, have major applications in end-use industries such as automobiles, electronics, electrical grids, and power storages. Batteries have much lower specific energy than common fuels such as gasoline.
Some of the prominent factors that positively influence the growth of the battery materials market are increasing demand for batteries from automobile industries, rising demand for electronic gadgets, and increasing urbanization. Increasing urbanization along with rising per capita disposable income in developed and emerging economies are predicted to drive the growth of the market over the forecast period, 2018 to 2025. Additionally, high adoption rate along with the increasing number of power plants to meet the energy requirement for the ever-growing population is driving the market.
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Battery Materials Market Key Players:
Some of the prominent players operating in the global battery materials market are 3M Company (U.S.), BASF SE (Germany), ENTEK International LLC (U.K), Ecopro Co., Ltd. (South Korea), Hitachi Chemical Company, Ltd. (Japan), E. I. du Pont de Nemours and Company (U.S.), Celgard, LLC (U.S.), The Dow Chemical Company (U.S.), Mitsubishi Chemical Corporation (Japanese), Solvay S.A. (Belgium) and Nippon Denko Co., Ltd. (Japan) among others.
Battery Materials Market Regional Analysis:
The regional evaluation of the battery materials market comprises of regions such as Asia Pacific, Latin America, North America, the Middle East, Europe and Africa. Among these regions, the Asia Pacific region is projected to expand with the highest CAGR during the forecast period due to intensifying growth in the electronics industry. The demand for battery materials is projected to rise in several countries of the Asia Pacific region such as Japan, China, India, and South Korea due to elevated adoption rate by the electronic gadgets manufacturers. Besides, the existence of key battery manufacturers in this region is projected to boost the progress of the battery materials market over the forecast period.
The North American region’s battery materials market is projected to observe immense growth due to increased consumption potential, growing production capacities, and intensifying economic growth rate. In the European region, the demand for battery materials is projected to expand in many countries such as Italy, Spain, Germany, the U.K, France, and Russia on account of amplified spending in innovation and the increased purchasing power of consumers. Furthermore, the existence of major automobile manufacturers, particularly in Germany, is projected to increase market growth. The Latin American nations such as Colombia, Argentina, and Brazil are projected to observe substantial growth due to growing consumer expenditure on passenger cars as well as the involvement of novel technologies and inventions in battery materials.
Battery Materials Market Segmentation:
The segmental evaluation of the battery materials market is conducted on the basis of type, end-use industry, application, and region. Based on the type, the battery materials market is segmented into anode, cathode, electrolyte, binders, separator, and packaging material. Based on the application, the battery materials market is segmented into secondary batteries, primary batteries, and others.
Based on the end use industry, the battery materials market is segmented into automobiles, electronics, power storages, and others. Based on the region, the battery materials market is segmented into Asia Pacific, Latin America, Europe, North America, and the Middle East & Africa.
Battery Materials Market Table of Content to be Continue……,
Battery Materials Market List of Table:
Table 1 World Population: By Major Regions (2016 To 2030)
Table 2 Global Battery Materials Market: By Region, 2016-2025
Table 3 North America Battery Materials Market: By Country, 2016-2025
Table 4 Europe Battery Materials Market: By Country, 2016-2025
Table 5 Asia-Pacific Battery Materials Market: By Country, 2016-2025
Battery Materials Market List of Table to be Continue……,
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