#Lithium-Ion Battery Market share

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Lithium-ion Battery Market Outlook, Competitive Strategies And Forecast

The global lithium-ion battery market was valued at USD 182.5 billion in 2030 and is projected to experience a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. This significant growth is driven by the increasing demand for rechargeable batteries in consumer electronics and the growing adoption of electric vehicles. As electric vehicle sales rise and the renewable energy sector continues to expand, the market is expected to experience robust growth during the forecast period. The emergence of integrated charging stations, green power-generation technologies, eMobility providers, battery manufacturers, and energy suppliers is anticipated to further propel the market in the coming years.

In the U.S., the growing sales of electric vehicles, supported by favorable federal policies, combined with the presence of key market players, are expected to drive the demand for lithium-ion batteries in the country. Policies supporting infrastructure development through the National Infrastructure Plan (NIP) are also expected to enhance market growth in the U.S. Additionally, the automotive industries in countries such as Indonesia, Vietnam, Mexico, Thailand, and India are expanding, which will further contribute to the demand for lithium-ion batteries. The increasing preference for pollution-free hybrid electric vehicles (HEVs) and electric vehicles (EVs), along with continuous technological advancements, will continue to drive the demand for lithium-ion batteries. China, in particular, is expected to experience significant growth due to advancements in energy storage technologies and government initiatives that encourage investments in the manufacturing sector.

The rise in the number of portable consumer electronics, such as smartphones, digital cameras, MP3 players, and laptops, which rely heavily on rechargeable batteries, is contributing to the growing demand for lithium-ion batteries. Battery technology continues to evolve to meet the performance and power density requirements of these devices. The demand for lithium cobalt oxide (LCO) batteries in mobile phones, tablets, laptops, and cameras is expected to rise due to their high energy density and superior safety features. However, the relatively short lifespan of LCO batteries, coupled with low thermal stability and limited specific power, may pose a challenge to market growth.

Electric and hybrid electric vehicles are expected to be the dominant consumers of lithium-ion batteries in the coming years. Increased awareness about the benefits of battery-operated vehicles, alongside rising fossil fuel prices—particularly in regions like Asia Pacific, Europe, and North America—are likely to boost the demand for lithium-ion batteries in the automotive sector. The COVID-19 pandemic has posed challenges to the market, primarily through disruptions in supply chains, delays in manufacturing, and a reduction in operational costs by end-users.

Gather more insights about the market drivers, restrains and growth of the Lithium-ion Battery Market

Lithium-ion Battery Market Report Highlights

• In 2022, the consumer electronics segment accounted for the largest revenue share of over 39.13%. Portable batteries are integral to various consumer electronics and portable devices, including mobile phones, laptops, tablets, and wearable devices.

• In 2022, the lithium cobalt oxide (LCO) product segment held the largest revenue share of over 31.17%. The high demand for LCO batteries in devices such as mobile phones, tablets, laptops, and cameras is expected to contribute to market growth due to their high energy density and superior safety features.

• In North America, the U.S. was the largest market in 2021. The rise in electric vehicle sales, supported by favorable federal policies and the presence of numerous market players, is expected to drive the demand for lithium-ion batteries in the country.

• In the Caribbean and South America (CSA), lithium-ion batteries are commonly used for Electrical Energy Storage (EES), serving applications such as stand-alone systems with photovoltaic (PV) installations, emergency power supply systems, and battery systems to mitigate fluctuations in output from wind and solar power.

• In Brazil, government initiatives aimed at supporting the electric vehicle market, such as exemptions from annual car ownership taxes and import taxes on electric vehicles, are expected to boost the demand for lithium-ion batteries in the coming years.

Browse through Grand View Research's Conventional Energy Industry Research Reports.

• Hybrid Power Solutions Market: The global hybrid power solutions market size was valued at USD 2.41 billion in 2023 and is projected to grow at a CAGR of 10.2% from 2024 to 2030. 

• Shale Gas Market: The global shale gas market size was valued at USD 88.6 billion in 2024 and is expected to grow at a CAGR of 5.9% from 2025 to 2030. 

Lithium-ion Battery Market Segmentation

Grand View Research has segmented the global lithium-ion battery market report based on product, application and region

Lithium-ion Battery Product Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• Lithium Cobalt Oxide (LCO)

• Lithium Iron Phosphate (LFP)

• Lithium Nickel Cobalt Aluminum Oxide (NCA)

• Lithium Manganese Oxide (LMO)

• Lithium Titanate

• Lithium Nickel Manganese Cobalt (LMC)

Lithium-ion Battery Application Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• Automotive

• Consumer Electronics

• Industrial

• Energy Storage Systems

• Medical Devices

Lithium-ion Battery Regional Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Russia

o Spain

o France

o U.K.

o Germany

o Italy

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Central & South America

o Brazil

o Paraguay

o Columbia

• Middle East & Africa

o South Africa

o UAE

o Egypt

o Saudi Arabia

List of Key Players in Lithium-ion Battery Market

• BYD Co., Ltd.

• A123 Systems LLC

• Hitachi, Ltd.

• Johnson Controls

• LG Chem

• Panasonic Corp.

• Saft

• Samsung SDI Co., Ltd.

• Toshiba Corp.

• GS Yuasa International Ltd.

Order a free sample PDF of the Lithium-ion Battery Market Intelligence Study, published by Grand View Research.

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Lithium-ion Battery Industry Size & Share Analysis by Type and Region, Forecast Report, 2030

The global lithium-ion battery market, valued at approximately USD 54.4 billion in 2023, is set to expand significantly, with a projected compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. This growth is driven primarily by the automotive sector, which is poised for notable expansion due to the cost-effectiveness of lithium-ion batteries. The adoption of electric vehicles (EVs) worldwide is anticipated to surge throughout the forecast period, further boosting demand for lithium-ion batteries.

The United States led the North American lithium-ion battery market in 2023, largely due to increasing EV sales supported by favorable federal policies and the presence of numerous industry players. U.S. federal policies encouraging EV adoption include the American Recovery and Reinvestment Act of 2009, which offers tax credits for electric vehicle purchases. Additionally, updated Corporate Average Fuel Economy (CAFE) standards have introduced stricter fuel economy requirements for passenger cars and light commercial vehicles (LCVs), promoting the expansion of electric drive technologies.

Gather more insights about the market drivers, restrains and growth of the Lithium-ion Battery Market

The rising demand for lithium-ion batteries extends beyond the automotive sector to the electronics industry, where these batteries are widely used in smartphones. Lithium-ion batteries provide longer shelf life and greater efficiency for devices, further propelling market growth. Furthermore, increasing consumer awareness about carbon emissions is driving demand for EVs, which is expected to fuel lithium-ion battery market growth. Regulatory restrictions on lead-acid batteries in response to environmental concerns such as the Environmental Protection Agency's (EPA) restrictions on lead contamination and regulations regarding the storage, disposal, and recycling of lead-acid batteries are contributing to the shift towards lithium-ion batteries in automotive applications. Mexico, as a significant hub in the global automotive industry, is becoming a focal point for international investments, adding further momentum to the growth of the lithium-ion battery market.

Product Segmentation Insights:

The lithium-ion battery market is segmented by product types, which include Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate (LTO), and Lithium Nickel Manganese Cobalt (NMC). Among these, the LCO segment held the largest market share, accounting for over 30% of total revenue in 2023. This strong demand for LCO batteries is largely driven by their high energy density and safety features, making them ideal for use in mobile devices like smartphones, tablets, laptops, and cameras.

Lithium iron phosphate (LFP) batteries are gaining popularity due to their excellent safety profile and long lifespan, which make them suitable for high-load and enduring applications in both portable and stationary devices. The demand for NCA batteries is also rising due to their high specific energy, specific power, and long-life span, qualities that make them a preferred choice in electric vehicles, medical devices, and various industrial applications. Lithium titanate (LTO) batteries are increasingly being utilized in applications such as electric powertrains, street lighting, uninterruptible power supplies (UPS), and solar-powered streetlights. LTO batteries are known for their superior safety, strong performance at low temperatures, and long life, which is expected to bolster their market share over the forecast period.

Order a free sample PDF of the Lithium-ion Battery Market Intelligence Study, published by Grand View Research.

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Lithium-ion Battery Market 2030: Report Focusing on Opportunities, Revenue & Market Driving Factors

The global lithium-ion battery market, valued at approximately USD 54.4 billion in 2023, is set to expand significantly, with a projected compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. This growth is driven primarily by the automotive sector, which is poised for notable expansion due to the cost-effectiveness of lithium-ion batteries. The adoption of electric vehicles (EVs) worldwide is anticipated to surge throughout the forecast period, further boosting demand for lithium-ion batteries.

The United States led the North American lithium-ion battery market in 2023, largely due to increasing EV sales supported by favorable federal policies and the presence of numerous industry players. U.S. federal policies encouraging EV adoption include the American Recovery and Reinvestment Act of 2009, which offers tax credits for electric vehicle purchases. Additionally, updated Corporate Average Fuel Economy (CAFE) standards have introduced stricter fuel economy requirements for passenger cars and light commercial vehicles (LCVs), promoting the expansion of electric drive technologies.

Gather more insights about the market drivers, restrains and growth of the Lithium-ion Battery Market

The rising demand for lithium-ion batteries extends beyond the automotive sector to the electronics industry, where these batteries are widely used in smartphones. Lithium-ion batteries provide longer shelf life and greater efficiency for devices, further propelling market growth. Furthermore, increasing consumer awareness about carbon emissions is driving demand for EVs, which is expected to fuel lithium-ion battery market growth. Regulatory restrictions on lead-acid batteries in response to environmental concerns such as the Environmental Protection Agency's (EPA) restrictions on lead contamination and regulations regarding the storage, disposal, and recycling of lead-acid batteries are contributing to the shift towards lithium-ion batteries in automotive applications. Mexico, as a significant hub in the global automotive industry, is becoming a focal point for international investments, adding further momentum to the growth of the lithium-ion battery market.

Product Segmentation Insights:

The lithium-ion battery market is segmented by product types, which include Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate (LTO), and Lithium Nickel Manganese Cobalt (NMC). Among these, the LCO segment held the largest market share, accounting for over 30% of total revenue in 2023. This strong demand for LCO batteries is largely driven by their high energy density and safety features, making them ideal for use in mobile devices like smartphones, tablets, laptops, and cameras.

Lithium iron phosphate (LFP) batteries are gaining popularity due to their excellent safety profile and long lifespan, which make them suitable for high-load and enduring applications in both portable and stationary devices. The demand for NCA batteries is also rising due to their high specific energy, specific power, and long-life span, qualities that make them a preferred choice in electric vehicles, medical devices, and various industrial applications. Lithium titanate (LTO) batteries are increasingly being utilized in applications such as electric powertrains, street lighting, uninterruptible power supplies (UPS), and solar-powered streetlights. LTO batteries are known for their superior safety, strong performance at low temperatures, and long life, which is expected to bolster their market share over the forecast period.

Order a free sample PDF of the Lithium-ion Battery Market Intelligence Study, published by Grand View Research.

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Lithium-Ion Battery Market Size & Share Analysis - Growth Trends By Forecast Period

Lithium-Ion Battery Market Key Players and Forecast Insights Through 2032

The latest ""Lithium-Ion Battery Market"" Insight Report for 2024 offers a comprehensive analysis of the industry's key contributions, marketing strategies, and recent advancements by leading companies. This report provides a succinct overview of both historical and current performance metrics for major market players. It employs various analytical methods to deliver precise insights into the Lithium-Ion Battery Market, with coverage across regions including North America, Europe, Asia Pacific, and more. The recent analysis also includes an in-depth review of the business strategies adopted by emerging industry players, along with detailed information on market segments, geographic coverage, product trends, and cost structures.

What are the growth projections for the Lithium-Ion Battery Market?

According to Straits Research, the global Lithium-Ion Battery Market  size was valued at USD 56.43 billion in 2023. It is projected to reach from USD 66.38 billion in 2024 to USD 240.90 billion by 2032, growing at a CAGR of 17.5% during the forecast period (2024–2032).

Get Free Request Sample Report @ https://straitsresearch.com/report/lithium-ion-battery-market/request-sample

Top Competitive Players of Lithium-Ion Battery Market

GS Yuasa Corporation Ltd

BYD Company Ltd

A123 Systems, LLC

Hitachi, Ltd

Huayu New Energy Technology Co., Ltd

Johnson Controls

NEC Corporation

Panasonic Corporation

Samsung SDI Co., Ltd

Toshiba Corporation

LG Chem Ltd

What are the key trends within each segment of the Lithium-Ion Battery Market?

By Product

Lithium cobalt oxide (LCO)

Lithium iron phosphate (LFP)

Lithium Nickel Cobalt Aluminum Oxide (NCA)

Lithium Manganese Oxide (LMO)

Lithium Titanate (LTO)

Lithium Nickel Manganese Cobalt

By Material

Cathode material

Anode material

Electrolyte material

Separator material

Current collector material

Other materials

By Product Type

Components of lithium-ion batteries

Portability

By Capacity

Below 3,000 mAh

3,001 – 10,000 mAh

10,001 – 60,000 mAh

Above 60,000 mAh

By Voltage

Low

Medium

High

By Application

Consumer Electronics

Automotive

Aerospace

Marine

Medical

Industrial

Power

Telecommunications

View the full report and table of contents here: https://straitsresearch.com/report/lithium-ion-battery-market/toc

The report forecasts revenue growth at all geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:

North America (U.S., Canada)

Europe (U.K., Germany, France, Italy)

Asia Pacific (China, India, Japan, Singapore, Malaysia)

Latin America (Brazil, Mexico)

Middle East & Africa

This Report is available for purchase on Buy Lithium-Ion Battery Market Report

Key Highlights

Provide a detailed explanation of various aspects including introduction, product types and applications, market overview, country-specific market analysis, opportunities, risks, and driving forces.

Examine manufacturers, including their profiles, primary business activities, recent news, sales and pricing, revenue, and market share.

Offer an overview of the competitive landscape, detailing sales, revenue, and market share among leading global manufacturers.

Present a detailed market breakdown by type and application, including sales, pricing, revenue, market share, and growth rates.

Analyze key regions—North America, Europe, Asia Pacific, the Middle East, and South America—covering sales, revenue, and market share segmented by manufacturers, types, and applications.

Investigate production costs, essential raw materials, and production methods.

Reasons to Buy:

In-depth analysis of market segmentation.

Country-specific insights alongside global demand and supply dynamics.

Examination of key players, including their products, financial performance, and strategies.

Insights into emerging market trends, opportunities, and challenges.

About Us:

StraitsResearch.com is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.

Contact Us: Email: sales@straitsresearch.com Address: 825 3rd Avenue, New York, NY, USA, 10022 Tel: +1 6464807505, +44 203 318 2846

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Lithium-ion Battery Material Market Growth: Projected to Reach USD 315.36 Billion by 2034

Lithium-ion Battery Material Market: A Comprehensive Analysis 2025

The global lithium-ion battery material market is expected to increase at a compound annual growth rate (CAGR) of 23.8% between 2024 and 2034. Based on an average growth pattern, the market is expected to reach USD 315.36 billion in 2034. It is projected that the global market for lithium-ion battery materials would generate USD 43.78 billion in revenue by 2024.

Request Sample Copy:https://wemarketresearch.com/reports/request-free-sample-pdf/lithium-ion-battery-material-market/1609

The Lithium-ion Battery Material Market is witnessing significant growth as the demand for energy storage systems continues to rise. As one of the most widely used battery technologies in applications ranging from electric vehicles (EVs) to consumer electronics, lithium-ion batteries are in high demand, driving the need for advanced materials. This article explores the key trends, market drivers, and future potential of the Lithium-ion Battery Material Market.

What is the Lithium-ion Battery Material Market?

The Lithium-ion Battery Material Market refers to the industry that produces and supplies the raw materials necessary for the manufacturing of lithium-ion batteries. These materials include lithium, cobalt, nickel, graphite, and other essential compounds. These materials are crucial for ensuring the efficiency, capacity, and safety of lithium-ion batteries.

Lithium-ion Battery Material Market Size

The Lithium-ion Battery Material Market Size has grown exponentially in recent years, driven by the increasing adoption of electric vehicles (EVs) and the expansion of renewable energy storage. According to industry reports, the market is projected to continue its upward trajectory in the coming years. As demand for lithium-ion batteries continues to surge, the market size is expected to expand further, offering lucrative opportunities for suppliers and manufacturers across the globe.

Lithium-ion Battery Material Market Share

As more companies and countries focus on renewable energy and the transition to electric vehicles, the Lithium-ion Battery Material Market Share is seeing major shifts. Companies in the automotive and electronics sectors are investing heavily in securing reliable sources of raw materials for battery production. The market share is also impacted by geopolitical factors, such as mining rights and trade agreements, particularly in countries rich in lithium, cobalt, and nickel.

Lithium-ion Battery Material Market Growth

The Lithium-ion Battery Material Market Growth is primarily driven by the growing demand for clean energy solutions. Governments around the world are setting ambitious targets for reducing carbon emissions, leading to a rapid increase in the use of electric vehicles and the deployment of renewable energy systems. This, in turn, is driving the need for more efficient and cost-effective lithium-ion batteries. The continued expansion of the EV industry and advancements in battery technologies are expected to fuel the market's growth for years to come.

Lithium-ion Battery Material Market Trends

Several key trends are shaping the Lithium-ion Battery Material Market:

Sustainability and Recycling: The demand for sustainable battery materials is on the rise. Companies are increasingly focusing on recycling used lithium-ion batteries to reduce dependency on mining. This trend is expected to contribute to the long-term growth of the market, ensuring a steady supply of critical materials.

Improved Energy Density: Research and development efforts are focused on improving the energy density of lithium-ion batteries. New materials and technologies are being explored to increase battery performance, making them more efficient and cost-effective.

Geopolitical Impacts: Geopolitical tensions and trade policies in regions that produce raw materials, such as Africa and South America, are influencing the market. Companies are diversifying their supply chains and seeking alternative sources of lithium-ion battery materials.

Electric Vehicle Adoption: The rise of electric vehicles is one of the most significant trends driving the market. As EV manufacturers ramp up production, the demand for lithium-ion battery materials continues to soar, creating a ripple effect across the entire supply chain.

Lithium-ion Battery Material Market Potential

The Lithium-ion Battery Material Market Potential is vast. As the world transitions toward more sustainable energy solutions, the need for high-quality battery materials will increase. The growing popularity of electric vehicles and the development of large-scale energy storage systems further enhance the market’s potential. Innovations in material extraction, battery design, and recycling technologies are expected to unlock new growth avenues.

Lithium-ion Battery Material Market Forecast

Looking ahead, the Lithium-ion Battery Material Market Forecast is highly optimistic. With increasing investments in research and development and the growing demand for renewable energy solutions, the market is expected to continue expanding. Manufacturers are anticipated to focus on reducing costs, improving efficiency, and ensuring the ethical sourcing of materials. The market’s growth will likely accelerate as governments implement stricter environmental regulations and incentivize the adoption of clean technologies.

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Conclusion

The Lithium-ion Battery Material Market is poised for significant growth in the coming years. As demand for electric vehicles and renewable energy storage continues to rise, the need for high-quality battery materials will only increase. With the ongoing development of new technologies and sustainable practices, the market is expected to see a range of opportunities for growth. The future of the Lithium-ion Battery Material Market looks bright, offering numerous possibilities for innovation and expansion.

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Explore the India Lithium-Ion Battery Recycling Market trends, share, revenue, outlook, future market insights, forecast, and analysis up to 2028.

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The Rise of Lithium-Ion Battery Recycling: Market Insights and Opportunities 

As the world transitions to a greener future, lithium-ion batteries (LIBs) have become indispensable in powering everything from electric vehicles (EVs) to portable electronics. However, with the exponential rise in LIB usage, the demand for sustainable end-of-life solutions is growing rapidly. Enter the lithium-ion battery recycling market—a critical component of the circular economy that addresses environmental concerns, resource scarcity, and economic opportunities. 

Why is Lithium-Ion Battery Recycling Important? 

Lithium-ion batteries contain valuable metals like lithium, cobalt, nickel, and manganese, which are finite resources. Traditional mining for these materials is energy-intensive and environmentally taxing. Recycling not only reduces dependence on mining but also mitigates the environmental hazards posed by improperly discarded batteries, such as soil contamination and toxic leaks. 

Additionally, recycling plays a pivotal role in meeting the increasing demand for raw materials. With the EV market projected to grow significantly, ensuring a stable and sustainable supply of battery materials is crucial. 

Market Overview and Trends 

1. Market Size and Growth 

The global lithium-ion battery recycling market has experienced substantial growth in recent years and is projected to continue on this trajectory. Factors driving growth include government regulations promoting sustainable practices, advancements in recycling technology, and a surge in EV adoption. The Lithium-ion Battery Recycling Market is projected to grow from an estimated USD 3.25 billion in 2024 to USD 8.97 billion by 2029, reflecting a compound annual growth rate (CAGR) of 22.49% over the forecast period.  

2. Regional Insights 

Asia-Pacific: Leading the market due to high EV adoption rates, significant battery manufacturing capacities, and government incentives for recycling. 

North America: Driven by strict environmental regulations and investments in sustainable infrastructure. 

Europe: Strong focus on circular economy principles and robust policy frameworks, such as the EU Battery Directive. 

3. Technology Advancements 

Emerging recycling technologies, such as hydrometallurgy and direct recycling, are improving the efficiency and cost-effectiveness of material recovery. These advancements are making it easier to reclaim high-value materials with minimal environmental impact. 

Challenges in the Recycling Industry 

Despite its potential, the lithium-ion battery recycling market faces several challenges: 

Collection and Transportation: Developing efficient systems to collect end-of-life batteries is complex, given the geographical dispersion and diverse applications. 

Economic Viability: While the value of recovered materials is high, the costs of recycling can sometimes outweigh the profits without government subsidies or economies of scale. 

Technological Barriers: Current recycling methods have limitations in recovering certain materials at high purity levels. 

Opportunities in the Market 

The challenges also present opportunities for innovation and growth: 

Policy Support: Governments worldwide are introducing regulations and incentives to encourage recycling. For instance, extended producer responsibility (EPR) schemes are compelling manufacturers to invest in recycling solutions. 

Collaboration Across Industries: Partnerships between battery manufacturers, EV makers, and recycling firms can drive efficiencies and create closed-loop supply chains. 

Startup Ecosystems: Numerous startups are developing cutting-edge technologies to enhance recycling efficiency and scalability. These innovations are attracting substantial investments. 

Key Players in the Market 

The lithium-ion battery recycling market is highly competitive, with both established companies and startups vying for a share. Notable players include: 

Umicore: A leader in recycling technology with a focus on high-value material recovery. 

Li-Cycle: A North American company specializing in eco-friendly hydrometallurgical processes. 

Battery Resourcers: Known for direct recycling techniques that restore battery-grade materials for reuse. 

The Road Ahead 

The lithium-ion battery recycling market is set to play a pivotal role in the global energy transition. As industries and governments prioritize sustainability, investing in robust recycling systems will become imperative. Innovations in technology, combined with supportive policies, will be the key drivers of growth. 

For businesses and investors, the LIB recycling industry presents a unique opportunity to contribute to a sustainable future while capitalizing on a rapidly expanding market. By addressing existing challenges and fostering collaboration, the industry can unlock its full potential and ensure that the batteries of today power a greener tomorrow.    For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence: https://www.mordorintelligence.com/industry-reports/lithium-ion-battery-recycling-market   

[researchrealmblog]

Anode Material for Automotive Lithium-Ion Battery Market To Reach USD 1,348.6 Million by 2030

The anode material for automotive lithium-ion battery market will grow at a rate of 5.7% in the years to come, to reach USD 1,348.6 million by 2030, as mentioned in one of its reports by P&S Intelligence.

The growing sales of EVs, accompanied by the incessant decrease in the prices of anode materials, are the main factors powering the growth of the industry.

The artificial graphite category led the industry, and the situation will be like this in the years to come. This is credited to the benefits of this material over other anode materials. For example, improved power output and/or energy density, decreased cost, and advanced recycling performance.

The commercial vehicle category will power at the fastest rate in the anode material for automotive lithium-ion battery market in the years to come, with regards to revenue.

Furthermore, the category will be the second-largest, following passenger cars, in the future. This is because the battery being used in E-commercial vehicles, as well as buses and trucks, requirement to have a high battery capacity, and energy density.

BEV had the highest revenue in the industry in the recent past. The ascendency of the category is chiefly credited to the fact that different from HEV and PHEV, BEVs have only one power source, which contributes to the higher acceptance of lithium-ion batteries in BEVs, therefore generating the highest requirement for anode material.

APAC led the anode material for automotive lithium-ion battery market in the recent past, and it will remain the largest in the years to come. Its dominance is powered by the enormous requirement for EVs in China.

This large size of the Chinese market is because government authorities have been providing infra support for example charging station spaces, providing subsidies and incentives, and pouring enormous sums in the EV industry.

Europe will advance at the highest rate in the market by the end of this decade.

This has a lot to do with the fact that the EU has planned joint efforts with battery producers and commercial lenders for building an ecosystem, with an enormous investment, for becoming self-reliant in battery production for powering EVs.

The inflow of investments is a key trend in the industry. Throughout the charging process, the anode engrosses a large count of lithium-ions. Graphite can grip them well, but a silicon anode waves over 300%, producing its surface for cracking and the energy storage performance for dropping rapidly.

The increasing sales of electric vehicles, happening all over the world has a positive impact on the demand for anode material for automotive lithium-ion battery.

[industrynewsupdates]

Lithium-Ion Battery Market Growth Opportunities and Outlook 2024 – 2030

The global lithium-ion battery market size was estimated at USD 182.5 billion in 2030 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. The market is expected to witness significant growth over the forecast period on account of the increasing consumption of rechargeable batteries in consumer electronics and a rise in the adoption of electric vehicles. The rising sales of electric vehicles, along with the expanding renewable energy sector, are expected to drive the market. The emergence of integrated charging stations, green power-generation capability, eMobility providers, battery manufacturers, and energy suppliers is anticipated to stimulate market growth in the coming years.

Increasing sales of electric vehicles in the U.S. owing to supportive federal policies, coupled with the presence of market players in the country, are expected to drive the demand for lithium-ion batteries in the U.S. over the forecast period. Favorable government policies for infrastructural developments at the domestic level through the National Infrastructural Plan (NIP) of the U.S. are expected to promote the growth of the market in the U.S. over the forecast period. Development of the automotive industry in Indonesia, Vietnam, Mexico, Thailand, and India is expected to drive the industry. The growing inclination toward pollution-free HEVs and EVs, along with technological developments, is expected to drive the lithium-ion battery demand over the forecast period. China is expected to witness high gains in light of energy storage technologies and favorable government support to promote investments in the manufacturing sector.

Gather more insights about the market drivers, restrains and growth of the Lithium-Ion Battery Market

Detailed Segmentation:

Application Insights

Based on applications, the market has been segmented into automotive, consumer electronics, industrial, medical devices, and energy storage systems. The consumer electronics segment led the market in 2023 and accounted for the largest revenue share of more than 31.0%. Portable batteries are incorporated in portable devices and consumer electronic products. Applications of portable batteries range from mobile phones, laptops, computers, tablets, torches or flashlights, LED lighting, vacuum cleaners, digital cameras, wristwatches, calculators, hearing aids, and other wearable devices. The electric & hybrid EV market is projected to be the fastest-growing application segment over the forecast period.

Regional Insights

Asia Pacific held the largest market share of over 47.0% in 2023. The market in Europe is expected to witness steady growth over the forecast period owing to the increasing use of li-ion batteries in various sectors including medical, aerospace & defense, automotive, energy storage, and data communication & telecom. The market in Germany is expected to witness steady growth over the forecast period owing to the increasing use of Li-ion batteries in energy storage systems, EVs, and consumer electronics.

Market Dynamics

The increasing adoption of electric vehicles (EVs) is catalyzing a remarkable surge in the global lithium-ion battery industry. As governments and industries worldwide prioritize the transition toward sustainable and environment-friendly transportation, the demand for EVs has experienced a substantial upswing. Lithium-ion batteries, renowned for their high energy density and efficiency, have emerged as the cornerstone of this automotive revolution. These batteries power electric vehicles, providing them with the necessary range and performance to compete with traditional internal combustion engine vehicles.

Product Insights

Based on products, the industry has been segregated into Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate, and Lithium Nickel Manganese Cobalt (NMC). In terms of revenue, the LCO segment accounted for the largest market share of over 30.0% in 2023. High demand for LCO batteries in mobile phones, tablets, laptops, and cameras, on account of their high energy density and high safety level, is expected to augment segment growth over the forecast period. LFP batteries offer excellent safety and a long-life span to product.

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• The global energy harvesting system market size was valued at USD 452.2 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 10.2% from 2020 to 2028.

Key Companies & Market Share Insights

The industry is extremely competitive with key participants involved in R&D and constant product innovation. Key manufactures include Samsung, BYD, LG Chem, Johnson Controls, Exide, and Saft. Several companies are engaged in new product development to improve their global market share. For instance, BYD and Panasonic hold a strong position on account of its increased manufacturing capacities and large distribution network.

Key Lithium-ion Battery Companies:

• BYD Co., Ltd.

• A123 Systems LLC

• Hitachi, Ltd.

• Johnson Controls

• LG Chem

• Panasonic Corp.

• Saft

• Samsung SDI Co., Ltd.

• Toshiba Corp.

• GS Yuasa International Ltd.

Lithium-ion Battery Market Segmentation

Grand View Research has segmented the global lithium-ion battery market report based on product, application and region

Lithium-ion Battery Product Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• Lithium Cobalt Oxide (LCO)

• Lithium Iron Phosphate (LFP)

• Lithium Nickel Cobalt Aluminum Oxide (NCA)

• Lithium Manganese Oxide (LMO)

• Lithium Titanate

• Lithium Nickel Manganese Cobalt (LMC)

Lithium-ion Battery Application Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• Automotive

• Consumer Electronics

• Industrial

• Energy Storage Systems

• Medical Devices

Lithium-ion Battery Regional Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Russia

o Spain

o France

o U.K.

o Germany

o Italy

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Central & South America

o Brazil

o Paraguay

o Columbia

• Middle East & Africa

o South Africa

o UAE

o Egypt

o Saudi Arabia

Order a free sample PDF of the Lithium-Ion Battery Market Intelligence Study, published by Grand View Research.

[futuretonext]

The Global Lithium Ion Battery Market is projected to grow at a CAGR of around 25.0% during the forecast period, i.e., 2023-28. The rapidly growing renewable energy sector has swiftly led to the persistent adoption of lithium-ion batteries in recent years. The large-scale incorporation of these batteries in several new applications has instigated investors to bring their focus to R&D and make a substantial investment toward the advancements.

[ramkumarss]

Lithium-Ion Battery Market Share Growing High CAGR During 2023-29

According to Precision Business Insights, the global Lithium-Ion Battery Market is poised to grow at a significant CAGR of 12.1% during forecast period 2023-29

The global lithium-ion battery market size was valued at USD 42.1 Billion in 2022 and is poised to grow at a significant CAGR of 12.1% during the forecast period 2023-29. It also includes market size and projection estimations for each of the five major regions from 2023 to 2029. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the lithium-ion battery market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.  

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-lithium-ion-battery-market                 

The global lithium-ion battery market segmentation: 1) By Battery Chemistry : Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Nickel Manganese Cobalt (Li-NMC), Lithium Titanate Oxide (Lto ).

2) By Source : Electric Vehicles, Electronics, Power Tools, Others

3) By Recycling Process : Hydrometallurgical Process, Physical/Mechanical Process, Pyrometallurgy Process

4) By End-User : Automotive, Non-automotive (Industrial, Power, Marine, Others)

The primary factors of the lithium-ion battery market drivers are increased adoption of batteries in power grid and energy storage systems. The lithium-ion battery market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.

The lithium-ion battery marketresearchreport gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific was the largest region in the lithium-ion battery market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions. Request sample report at - https://www.precisionbusinessinsights.com/request-sample/?product_id=36105              The important profiles and strategies adopted by lithium-ion battery market key players Glencore PLC Green Technology Solutions, Inc. Li-Cycle Technology Recupyl Sas Umicore SA Metal Conversion Technologies LLC Retriev Technologies Inc. Raw Materials Company TES-AMM Pte Ltd American Battery Technology Company, covered here to help them in strengthening their place in the market.

About Precision Business Insights: We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

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Comprehensive Lithium-ion Battery Material Market Forecast: 2024-2034 Insights

Lithium-ion Battery Material Market: Growth, Trends, and Future Prospects 2034

The global lithium-ion battery material market is expected to increase at a compound annual growth rate (CAGR) of 23.8% between 2024 and 2034. Based on an average growth pattern, the market is expected to reach USD 315.36 billion in 2034. It is projected that the global market for lithium-ion battery materials would generate USD 43.78 billion in revenue by 2024.

The world moves towards cleaner, more sustainable energy sources, lithium-ion batteries (Li-ion) have become essential in powering various applications, ranging from smartphones to electric cars and energy storage systems. This surge in demand is positively influencing the market for materials used in lithium-ion batteries, including cathodes, anodes, electrolytes, and separators.

Request Sample PDF Copy:

https://wemarketresearch.com/reports/request-free-sample-pdf/lithium-ion-battery-material-market/1609

Overview of the Lithium-ion Battery Material Market

A lithium-ion battery consists of several key components that determine its efficiency, lifespan, and performance. These components include:

Cathodes: Typically made from lithium cobalt oxide, lithium iron phosphate, or nickel-cobalt-manganese (NCM) alloys.

Anodes: Mostly composed of graphite, but other materials like silicon and lithium titanate are being researched for future applications.

Electrolytes: Usually a liquid or gel made of lithium salts that enable the flow of ions between the anode and cathode.

Separators: Thin membranes that prevent short circuits by keeping the anode and cathode from touching while allowing ion flow.

The growing demand for these materials is fueled by advancements in technology and increasing investments in research and development for more efficient, long-lasting, and environmentally friendly battery systems.

Lithium-ion Battery Material Market Segments

By Material Type

Cathode

Anode

Electrolytes

Separators

Binders

Others

By Battery Type

Lithium cobalt oxide (LCO)

Lithium iron phosphate (LFP)

Lithium Nickel Cobalt Aluminum Oxide (NCA)

Lithium Manganese Oxide (LMO)

Lithium Titanate

Lithium Nickel Manganese Cobalt (LMC)

Others

By Application

Automotive

Consumer Electronics

Industrial

Energy Storage Systems

Key Market Players

BYD Co., Ltd.

A123 Systems LLC

Hitachi, Ltd.

Johnson Controls

LG Chem

Panasonic Corp.

Saft

Samsung SDI Co., Ltd.

Toshiba Corp.

GS Yuasa International Ltd.

Key Drivers of Lithium-ion Battery Material Growth

Electric Vehicle Market Expansion

One of the primary drivers of the Lithium-ion Battery Material Market is the booming electric vehicle industry. As governments around the world implement stricter emission regulations and offer incentives for EV purchases, the demand for high-capacity and efficient batteries is soaring. Lithium-ion batteries are the preferred choice due to their higher energy density, longer lifespan, and lighter weight compared to traditional lead-acid batteries.

Rise in Renewable Energy Applications

Another significant factor contributing to market growth is the increasing deployment of renewable energy sources such as solar and wind power. Lithium-ion batteries are crucial in energy storage systems, helping to store surplus energy generated during peak production hours for use when demand exceeds supply. As renewable energy continues to gain traction, the demand for lithium-ion batteries and their materials will likely continue to rise.

Lithium-ion Battery Material Market Trends

Increasing Focus on Sustainability

As environmental concerns grow, there is a strong focus on the sustainable production and recycling of lithium-ion battery materials. Companies are investing in technologies to recycle battery components and reduce the environmental impact of mining raw materials. This trend is expected to lead to the development of a circular economy in the battery material supply chain, helping to address issues related to resource depletion and pollution.

Price Volatility and Supply Chain Challenges

Despite the growing demand for lithium-ion batteries, the market faces challenges such as the volatility in the prices of raw materials, including lithium, cobalt, and nickel. The extraction of these materials is often concentrated in a few regions, making the supply chain vulnerable to geopolitical risks and environmental concerns. As a result, there is growing interest in securing alternative sources and developing synthetic materials to stabilize prices and supply.

Emerging Markets and Geographies

The Asia-Pacific region currently dominates the lithium-ion battery material market, primarily due to the presence of major battery manufacturers in countries like China, Japan, and South Korea. However, other regions such as North America and Europe are expected to witness significant growth as they ramp up efforts to localize production and reduce reliance on imports. Investments in local manufacturing facilities and supply chains will support this growth and further bolster the market.

Challenges and Restraints

Environmental and Ethical Concerns

The extraction of raw materials for lithium-ion batteries, particularly lithium and cobalt, has raised environmental and ethical concerns. Mining operations can lead to habitat destruction, water pollution, and adverse effects on local communities. Additionally, cobalt mining has been linked to child labor and human rights violations in some regions, raising calls for greater transparency and responsible sourcing practices within the industry.

High Production Costs

The cost of producing lithium-ion batteries remains relatively high, which limits their widespread adoption in certain sectors. Although battery prices have been decreasing over time, manufacturers still face high material and manufacturing costs. Reducing the cost of key materials, improving production efficiencies, and developing new battery chemistries will be essential to making these technologies more affordable and accessible.

Future Prospects

The future of the Lithium-ion Battery Material Market looks promising, with continued growth driven by advancements in electric vehicles, renewable energy, and consumer electronics. In the coming years, the industry is expected to see innovations that improve battery efficiency, sustainability, and affordability. The rise of solid-state batteries, which offer greater safety and energy density, could further disrupt the market.

Conclusion

In summary, the Lithium-ion Battery Material Market is poised for significant growth in the coming years. The rise of electric vehicles, the expansion of renewable energy applications, and the increasing demand for portable electronics are all contributing to this growth. However, challenges such as price volatility, environmental concerns, and ethical issues related to raw material sourcing remain. As the market continues to evolve, innovations in battery materials and technologies will drive the transition towards cleaner, more sustainable energy solutions.

[mariacallous]

On May 14, Washington slapped new tariffs on China in what looks at first glance like the latest round of a familiar trade spat. The White House imposed duties of 25 to 50 percent on a range of industrial, medical, and clean tech goods—including semiconductors, solar cells, batteries, steel, aluminum, graphite, magnets, syringes, and ship-to-shore cranes. Strikingly, the latest measures also include a whopping 100 percent tariff on electric vehicles, effectively shutting the U.S. market to Chinese-made EVs.

Seen from Washington, these measures also look like a political move as U.S. President Joe Biden courts blue-collar voters in industrial swing states such as Michigan and Pennsylvania ahead of the November presidential election. It’s unlikely, however, that Beijing shares this benign interpretation. Seen from China, the tariffs look like a serious escalation of the U.S.-China contest and are probably raising alarm bells. Here’s why.

1. Washington is playing the long game. Stories of how China has become the world leader in EV manufacturing and is flooding the world with cheap vehicles have flourished over recent months. At the global level, there certainly is something to this analysis. Chinese exports of EVs jumped by a whopping 80 percent last year, propelling China to the top of the global ranking of car exporters. Yet this does not apply to the United States, where China supplied just 2 percent of EVs sold last year. (U.S. consumers appear to have a distinct preference for South Korean, Japanese, and European EV imports.) In other words, a 100 percent tariff on a few thousand cars will not hit Chinese firms hard.

A closer look at the list of targeted sectors suggests that batteries, not cars, will be the real pain point for China. The U.S. market is important for Chinese battery firms, which supply around 70 percent of the lithium-ion batteries used in the United States. For China’s battery sector, this means that the impact of the latest U.S. tariffs will likely be huge: The usual rule of thumb is that a 1 percentage point increase in tariffs entails a 2 percent drop in trade. With tariffs rising from 7.5 percent to 25 percent, the rule suggests that Chinese battery firms’ U.S. sales could drop by around one-third—or by $5 billion when one includes the entire battery supply chain. With Chinese battery-makers already seeing their profits plummet amid softening global demand, this is certainly bad news for Beijing.

Crucially, batteries are also an area where the U.S. government is investing huge amounts of public funds, in particular through the Inflation Reduction Act, which seeks to boost U.S. domestic production of clean tech goods. Seen in this light, the latest U.S. tariffs are preemptive measures to protect a nascent clean tech industry and make sure that there is domestic demand for future U.S. production. This suggests that the United States is playing the long game here, with little chance the tariffs will be lifted anytime soon. On the contrary—the U.S. clean tech market could well be closed to Chinese firms from here on out.

2. The White House is trying to force Europe to come on board and impose similar tariffs on China. Biden is probably seeking to score electoral brownie points with a 100 percent tariff on EVs, making former President Donald Trump’s proposal for 60 percent on U.S. imports from China look almost feeble. (Not to be outdone, Trump just announced that he would apply a 200 percent tariff on Chinese-branded cars made in Mexico.) Yet the reality is that Biden’s tariffs will not prove game-changing in the short term: Their implementation will be phased in over two years, and supply chain adjustments typically take time. In short, the measures are unlikely to fuel a U.S. industrial boom in time for the November elections.

What will happen before the election, though, is the conclusion in June or July of the European Union’s ongoing anti-subsidy investigation into China’s EV makers. Rumors abound of a possible tariff of 20 to 30 percent on Chinese EVs. Such a prospect is probably unnerving for Beijing; the EU is the biggest export market for China’s EVs, absorbing around 40 percent of Chinese shipments. The United States hopes that its 100 percent tariff on EVs will compel the EU to not only follow Washington’s example in imposing a tariff on Chinese EVs but perhaps also consider a higher one. This bold strategy could well work. Europe is unlikely to enjoy having its arm twisted by Washington, but the bloc will also worry that Chinese EV makers could double down on their push to dominate the EU market now that they have lost access to the U.S. one.

Chinese EVs look set to be a key topic when G-7 leaders meet for their annual summit in June. The United States will probably try to cajole Germany, which has long been dovish vis à vis China, into supporting sharply higher tariffs. German Chancellor Olaf Scholz has pointed to the fact that European auto manufacturers “sell a great many vehicles that are produced in Europe to China”—hinting at German fears that China could retaliate against EVs and internal combustion engine cars imported from the EU.

3. The tariffs are a serious escalation from Washington’s previous de-risking strategy. In recent years, U.S. de-risking has focused on reducing the United States’ reliance on China for crucial goods and curbing Beijing’s access to dual-use technology in a bid to avoid fueling the country’s military advances. To implement this strategy, Washington has so far relied on two main tools from its economic statecraft kit: financial sanctions (for instance, on firms linked to the People’s Liberation Army) and export controls (notably on semiconductors, which are dual-use goods found in most military equipment).

Washington is slowly realizing that these two tools are imperfect. China’s massive sanctions-proofing efforts mean that sanctions do not always deal a blow to Chinese firms, which may no longer be using the U.S. dollar (China now settles around half of its cross-border trade in renminbi) or Western financial channels such as SWIFT, the global payments system. Washington also understands that export controls on clean tech would not curb China’s ambitions in the field, as Chinese firms already have all the tech they need. This leaves only one option for U.S. economic statecraft: tariffs that leverage one of the country’s greatest economic assets—access to its market.

This is why the latest U.S. tariffs are likely raising red flags in Beijing. The United States is now severing access to its market in clean tech and other areas that China sees as crucial for its plans to become the world’s future economic superpower. If the EU plays ball, this approach would expose a central flaw in Beijing’s industrial strategy: What if the world’s two biggest markets—the United States and the EU—become no-go areas for Chinese firms dependent on exporting their vast production, leaving them with piles of unused goods? Few other markets are available for Chinese clean tech exports—outside Europe, North America, and East Asia, most countries lack the infrastructure for large-scale EV adoption, for example. This prospect may well keep Beijing’s planners up at night, with no easy solution in sight.

The question now is whether and how Beijing will react. Serious retaliation is unlikely, since the United States exports far less to China than vice versa. Given its current economic woes, China also has little interest in further weakening its economy—for example, by imposing export bans on critical raw materials, rare earths, or other crucial goods for Western economies.

As the latest skirmish in the battle for economic dominance between Washington and Beijing, the new U.S. tariffs raise a number of bigger questions: Will Washington succeed in its efforts to create a domestic ecosystem for clean tech? Will the United States and Europe manage to cooperate—or go their own ways in their economic relations with China? Will the United States continue to curb Chinese access to the U.S. market for the purposes of de-risking—and if so, in which sectors? There is probably only one certainty in the U.S.-China economic war: The conflict will continue well after the November elections, whatever their outcome.