Battery Material Market : Share, Forecast and Demand 2016 - 2024

Battery Material Market : Share, Forecast and Demand
2016 - 2024
Persistence Market Research
Battery Material Market : Share, Forecast and
Demand 2016 - 2024
Persistence Market Research
1
Battery Material Market : Share, Forecast and Demand
2016 - 2024
Persistence Market Research Released New Market Report on “Battery Material Market :
Share, Forecast and Demand 2016 - 2024”.
Battery is an electric cell that generates electricity from chemical reaction. Battery materials
provide characteristic according to its application and manufacturing requirements in end
products. The demand for battery materials are high owning to its increasing industrial
application and expected to grow at a considerable rate in near future.
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The total market is segmented by types, application, and geography. The major types for battery
material include anode, cathode, electrolyte and separators. The applications segment include
following verticals such as notebooks/laptops, mobile phones, household devices, defense and
security, automotive, power tools and others. The geography segment covers the four main
regions the include North America, Europe, Asia Pacific and Rest of the World. Asia pacific is
the fastest growing region followed by North America and Europe. Japan is a major global hub
for battery materials in Asia pacific and major market players are headquartered in Tokyo,
Japan.
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Government efforts to decrease the fuel consumption without any change in driving habits have
resulted the demand of electric hybrid vehicles. In developing countries, increasing
industrialization, growing demand of laptops and mobile phones and automotive industry would
act as a driver for this market. However, increasing raw material prices such as cobalt,
magnesium lead and lithium are the challenges for this market. The manufacturer can offer
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Battery Material Market : Share, Forecast and Demand
2016 - 2024
good opportunity in global market by improving efficiency and quality in terms of storage and
energy.
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Battery material market is expected to show the double digit growth in CAGR by 2019. The
growing demand in industries such as consumer electronics and automotive would increase
overall battery material consumption. The electric vehicle are expected to act as a revenue
generator for this market globally.
The major key players for this market include Celgard, Hitachi Chemicals, Umicore, GS Yuasa
Corp., Coda Energy, Panasonic Corporation, Envia System Inc., Duracell International Inc., GP
Batteries international Ltd., Ford Motor Company and Toda Kogyo among others.
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Battery Material Market : Share, Forecast and Demand
2016 - 2024
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