19 Feb 2019 - Battery Materials Market is poised to grow over the forecast period owing to increasing use of batteries across various industries. There are different type of battery materials such as cathode, anode, electrolyte, separator, binders and packaging material. The consumer electronics industry is experiencing rapid growth on account of constant innovation of products. The handheld devices such as tablets, PDA, mobile phones along with the computer market are propelling the growth of electronic industry. Excessive use of batteries in these devices has propelled the growth of Battery materials market. The continuous innovation and development in technology and the growing trend to use the latest technology among the consumers has grown the market by leaps and bounds. In addition the wearable electronics devices category such as fitness bands and wrist watches would further grow the battery material market. Furthermore the use of unmanned aerial vehicles across various consumer segments such as food delivery, ecommerce delivery has had a positive impact on growing the battery materials market further. Growth of aerospace sector on account of investment by defense and civil aviation sector to upgrade aircrafts has also increase the demand for battery materials. In addition excessive use of lead acid batteries in automotive sector and due to the growth of electric vehicle segment is a driving factor for growth of battery material market. Moreover, depletion of fossil fuels has forced automotive manufacturers to move towards manufacturing electric vehicles which use lithium batteries to power the vehicle. Further, the continuous innovation by battery manufacturers in terms of making batteries more efficient and cost effective have helped the market to grow further.

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Global Battery Materials market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

3M
Asahi Kasei Corporation
Basf
Dow
Celgard
Ningbo Shanshan Company
Ecopro
Entek International
Hitachi Chemical
Itochu
Kureha
Mitsubishi Chemical
Nichia Corporation
Nippon Denko
Batteries such as the lithium battery have faster recharge time which leads to a greater demand of such batteries hence driving the battery material market. However, safety is a major restraint for the growth of this industry. Shipment of batteries was a reason for a major cargo accident. Moreover strict regulations on disposal of raw materials and transportation of battery could prove to be further hindrance to battery material market. Battery materials market can be segmented on the basis of type of raw material such as metals, lead-acid predominantly used in the automotive sector and nickel metal hydride. It can also be segmented on the basis of end use. Batteries find use in many applications such as consumer electronics, automotive and aerospace. Battery material market growth would be led by Asia Pacific owing to high demand of electronics, cars and other technically advanced products in the emerging economies of the region. In addition, as the economies of the region grow and solidify their position as global manufacturers, the growing trade activity in the emerging markets of Asia Pacific along with the government initiatives such as the ambitious Make in India program of the Indian government will augment the growth of battery material market. Countries such as India, Indonesia, Malaysia, Singapore and Thailand are Asia Pacific’s most competitive and promising manufacturing hubs. India along with the 10- Nation ASEAN Bloc is setting the new bar for international manufacturing standards. The major consumer electronics manufacturing happen in Asia Pacific region and are transported worldwide. As the manufacturing of consumer electronics increase the demand for battery materials shall also increase and grow the industry over the forecast period. Moreover the growing automotive industry, aerospace industry in Asia Pacific would also add to the growth of the battery material market.

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North America is largest automotive market and consumer electronic market. The demand for the battery materials is driven by automotive and the consumer electronics items such as Laptops, mobile phones, camcorders and tablets. Moreover strict standards set by governments are expected to promote battery for transportation. There by, driving growth of battery material market. Europe follows North America. Europe is also driven by high consumer electronics and automotive demands. The standards set by REACH are expected to increase demand for battery to be used for industrial purpose. Middle East and Africa region are also expected to experience high demand in the battery material market owing to growth I demand for electronics, automotive and aerospace. The companies make high investments on a regular basis to create batteries with long life, high power density, low cost and environment friendly. Sumitomo metal has planned to boost production of NCA materials, lithium, nickel and aluminum oxide materials which are used in lithium ion batteries to supply to Tesla during its model 3 productions. This is the second time when Sumitomo metal has increased its production to supply to Tesla. The battery materials companies are also working on technologies which give new life to old batteries.

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

Cathode
Anode
Electrolyte
Separator
Binder
Packaging materials
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

Automobile Industry
Household Appliances
Electronics Industry
Other
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