Lithium Ion Battery Materials Market is valued at USD 10.75 Billion in 2018 and expected to reach USD 16.14 Billion by 2025 with a CAGR of 15.1% over the forecast period – Increasing demand of Li-ion batteries for consumer electronics is key growth driving factor the Lithium-Ion Battery Materials Market.
Lithium-Ion battery materials market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Lithium-Ion Battery Materials market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
A rechargeable lithium-ion battery Materials is a type of rechargeable battery in which lithium ions goes from the negative electrode to the positive electrode during discharge and back when charging. These are commonly used as rechargeable batteries for portable electronics, due to properties like high energy density, tiny memory effect and low self-discharge. The main component that is used commonly in these batteries is lithium cobalt oxide which provides high energy density but with safety risks. Lithium iron phosphate, lithium ion manganese oxide battery, and lithium nickel manganese cobalt oxide provide lower energy density but longer lives and less possibility of fire or explosion which are widely used for electric tools, medical equipment, and other roles.
The demand of consumer electronics such as laptops, tablets, smart phones, consoles is increasing rapidly among consumers and most of these devices need high performance and low self-discharge batteries which is fulfilled by Li-ion Batteries resulting in growing lithium ion battery market. The strict policies of the government implied on exhaust standards to reduce polluting factors and protect the environment propels the automotive companies to invest on electronics vehicles which further supplement the growth of the global lithium-ion market in the years to come. Escalating number of solar and wind projects worldwide is also anticipated to increase the demand for rechargeable lithium ion battery market. The main restraining factor of this market is, Lithium-ion batteries can be a safety hazard since they contain a flammable electrolyte and may be kept pressurized.
Lithium-Ion Battery Materials Market Analysis
Lithium-Ion Battery Materials Market Revenue (USD Billion) Analysis by Regional and Global, 2019-2025
Global lithium-ion battery materials market report covers prominent players like Automotive Energy Supply Corporation, Panasonic Corporation, Samsung SDI Co. Ltd., Toshiba Corporation, Hitachi Chemical Co., Ltd., China BAK Battery Co. Ltd., and GS Yuasa International Ltd., Tesla, Johnson Controls International Plc., Saft Batteries, and BYD Company Ltd.
Lithium-Ion Battery Materials Market Segmentation –
Lithium Nickel Manganese Cobalt
Lithium Iron Phosphate
Lithium Cobalt Oxide
Lithium Titanate Oxide
Lithium Manganese Oxide
Lithium Nickel Cobalt Aluminum Oxide
By End-User Type
Middle East and Africa
Rest of Middle East and Africa
Lithium-Ion Battery Materials Market Key Players
Automotive Energy Supply Corporation
Samsung SDI Co. Ltd.
Hitachi Chemical Co., Ltd.
China BAK Battery Co. Ltd.
GS Yuasa International Ltd.
Johnson Controls International Plc.
BYD Company Ltd.
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