Battery Metals Industry Forecast to Cross $32.2 Billion by 2028 ,
DUBLIN–(BUSINESS WIRE)–The “Battery Metals Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type and Application” report has been added to ResearchAndMarkets.com’s offering.
The global battery metals market is projected to reach US$ 32,251.1 million by 2028 from US$ 13,770.9 million in 2021; it is expected to grow at a CAGR of 12.9% from 2021 to 2028. Battery metals such as lithium, cobalt, nickel, and manganese are used as raw materials in manufacturing batteries. These are also used in electric vehicles, consumer electronics, and other applications.
Based on application, the battery metals market is subsegmented into electric vehicles, consumer electronics, energy storage systems, and others. The electric vehicles segment is projected to register the highest CAGR during the forecast period. The rising initiatives by the governments of various countries for adoption of pollution-free vehicles and reduction of greenhouse gas emission are boosting the demand for battery-based vehicles instead of fossil fuel-based vehicles, thereby propelling the growth of the electric vehicles segment.
Based on Geography, the battery metals market is further segmented into North America, Europe, Asia Pacific, South and Central America, and the Middle East & Africa. In 2020, the global battery market was led by the Asia Pacific region holding largest revenue share of the global battery metals market. Rising automotive and electronics industries in various countries in Asia pacific such as China, Japan, South Korea and India is also major factor in creating market dominance. This is responsible for fuelling the battery metals market growth during the forecast period. Several government initiatives adopted sustainable technology solutions, which are also expected to contribute to the battery metals market growth.
Albemarle Corporation; Umicore; LG Chem; Ganfeng Lithium Co., Ltd.; BASF SE; Bolt Metals Corp.; Honjo Metal Co., Ltd.; Lithium Australia NL; Vale; and Metso Outotec are among the key players operating in the global battery metals market.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global battery metals market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Key Topics Covered
1.1 Research Report Guidance
1.2 Market Segmentation
1.2.1 Battery Metals Market, by Type
1.2.2 Battery Metals Market, by Application
1.2.3 Battery Metals Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 Battery Metals Market, by Type and Application
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis formulation
3.2.4 Macro-economic factor analysis
3.2.5 Developing base number
3.2.6 Data Triangulation
3.2.7 Country level data
4. Battery Metals Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Battery Metals Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Demand for Electrical Vehicles/Hybrid Electric Vehicles/Plug-in Hybrid Vehicles
5.1.2 Growing Demand for Battery Metals from Consumer Electronics Industry
5.2 Market Restraints
5.2.1 Volatility in the Raw Material Prices of Battery Metals
5.3 Market Opportunities
5.3.1 Rapid Growth in Renewable Energy Sector
5.4 Future Trends
5.4.1 Growing Focus on Battery Recycling
5.5 Impact Analysis
6. Battery Metals – Global Market Analysis
6.1 Battery Metals Market Overview
6.2 Battery Metals Market – Revenue and Forecast to 2028 (US$ Mn)
6.3 Market Positioning – Battery Metals Market Players
7. Battery Metals Market Analysis – By Type
8. Battery Metals Market Analysis – By Application
9. Battery Metals Market – Geographic Analysis
10. Impact of COVID-19
10.1 Overview – Impact of COVID-19
10.2 Impact of COVID-19 on Battery Metals Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.7 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Albemarle Corporation
12.2 Bolt Metals Corp.
12.3 Ganfeng Lithium Co. Ltd.
12.5 LG Chem
12.6 Honjo Metal Co. Ltd.
12.8 Lithium Australia NL
12.9 BASF SE
12.10 Metso Outotec
For more information about this report visit https://www.researchandmarkets.com/r/u5vzrz
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