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Battery Materials Market Overview:Battery Materials are chemicals and metals most widely used to manufacture primary and secondary batteries. These materials exhibit crystallinity, crystal size and shape, porosity, doping, and surface modification. Following these properties, the battery performance is measured based on energy density, power density, stability or cyclability, price, and safety. These batteries have major applications in automobile batteries, industrial batteries, electric grid, and power storages.
Battery materials demand continues to grow at a sturdy pace. The battery industry is unlike to face any major headwinds in the medium term. Several factors can be linked with the exponential growth of battery materials market. Emergence of China as a manufacturing hotspot has reflected favourably on the battery industry. Demand for primary and secondary batteries has increased significantly owing to the introduction of a wide range of portable electronic devices such as smartphones, tablets, laptops etc. Growth of the battery materials market can also be linked with socio-economic factors such as robust industrialization in fast-developing countries, rising vehicle parc, and increasing disposable income. Market Research Future (MRFR) projects that global battery materials market will exhibit a strong growth over the next five years.
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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 Material Market Segmental Analysis:
MRFR’s reports include a thorough segmental analysis of the market based on application, type and end use industry. By application, the market has been segmented into secondary batteries, primary batteries and others. By type, the market has been segmented into anode, cathode, electrolyte, binders, separator, and packaging material. By end use, the market has been segmented into power storages, automobiles, electronics, and others.
Industry News:
British multinational speciality chemicals and sustainable technologies company Johnson Matthey (JM) recently revealed that the it had obtained licence under the intellectual property of CAMX. This will allow JM to access the GEMX platform for nickel processing primarily for lithium-ion batteries manufacturing.
BASF is setting up its EV battery materials facility in Harjavalta, Finland to serve the European market. Reportedly, the new facility will be constructed adjacent to Russian nickel and palladium mining and smelting company Nornickel’s nickel and cobalt refinery.
Globe and will prove to be an important driver for battery materials market during the review period. Increasing automobile production and sales along with rising consumption of batteries are estimated to fuel the growth of the market. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period 2018 to 2023.
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Battery Materials Market Intended Audience:
Battery materials manufacturers
Traders and Distributors of battery materials
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory
Battery Materials Market Regional Analysis:
Asia Pacific is estimated to be the largest battery materials market followed by North America and Europe due to the strong existence of battery materials manufacturers coupled with the highest number of millennial population. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for battery materials in battery manufacturing for the automobiles. In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for battery materials and is estimated to grow at the same pace over the forecast period. Improving living standards along with the flourishing growth of electronics industry is predicted to contribute to the regional market growth. In North America, the market is expected to grow to moderate CAGR owing to the presence of high innovation and technology in battery materials manufacturing. In Latin America, Mexico is expected to register strong growth due to the robust presence of automobile manufacturers.
Battery Materials Market Table of Content to be Continue…...,
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Organization: Market Research Future
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Website: https://www.marketresearchfuture.com/reports/battery-material-market-1518
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