Lithium-ion Battery Material Market Size – By Material Type (Cathode, Anode, Electrolytes, Separators, Binders and 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) and Others), By Application (Automotive, Consumer Electronics, Industrial and Energy Storage Systems) & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-11-21
- NO OF PAGES
- 265
- CATEGORY
- Energy & Power
Market Overview
The Lithium-ion Battery Material market report is predicted to develop at a compound annual growth rate (CAGR) of 23.8% from 2024 to 2034, when global Lithium-ion Battery Material market forecast size is projected to reach USD 315.36 Billion in 2034, based on an average growth pattern. The global Lithium-ion Battery Material market revenue is estimated to reach a value of USD 43.78 Billion in 2024.
SOURCE: We Market Research
The global
lithium-ion battery material market is a rapidly growing sector, driven by the
increasing demand for lithium-ion batteries across a variety of applications,
including electric vehicles (EVs), consumer electronics, energy storage systems
(ESS), and industrial uses. As the world transitions toward cleaner energy and
electric mobility, the market for lithium-ion battery materials is expected to
see significant growth over the coming years.
The global
lithium-ion battery material market refers to the industry segment that
encompasses the production, supply, and distribution of key raw materials and
components used in the manufacturing of lithium-ion batteries. These batteries
are widely used across multiple applications, including electric vehicles
(EVs), consumer electronics (e.g., smartphones, laptops, wearables), energy
storage systems (ESS), and industrial equipment.
Global Lithium-ion Battery Material Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 43.78 Billion |
|
Market
Forecast in 2034 |
USD 315.36 Billion |
|
CAGR % 2024-2034 |
23.8% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Material Type,
By Battery Type, By Application and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China;
India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil;
Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Lithium-ion Battery Material Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Lithium-ion Battery Material market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Lithium-ion Battery Material Market Segmentation
Market- By Material Type Analysis
By Material type, the Lithium-ion Battery Material market analysis is categories into Cathode, Anode, Electrolytes, Separators, Binders and Others. Cathode segment dominates the market with the largest share, accounting for over 45% of the market in 2023. The cathode materials segment is the largest contributor to the market. This is because the cathode materials have the most significant impact on the energy density, performance, and cost of the battery.
The
following segments are part of an in-depth analysis of the global Lithium-ion
Battery Material market:
|
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 |
Lithium-ion Battery Material Industry: Regional
Analysis
North America Market Forecast
North America
holds a significant share in the lithium-ion battery material market, driven
primarily by the rise in electric vehicle production, energy storage projects,
and increasing investments in localizing the battery supply chain. The U.S. is
rapidly expanding its EV manufacturing capacity with key players like Tesla,
General Motors, and Ford making significant investments. Additionally, the
government’s push for clean energy solutions and battery manufacturing
initiatives, such as the Biden administration’s focus on EV and battery
production, further boosts demand for battery materials.
Europe Market Statistics
Europe has seen
rapid growth in the lithium-ion battery material market due to the continent's
strong push for decarbonization, renewable energy integration, and electric
vehicle adoption. The European Union's Green Deal and stringent emissions
regulations are driving the shift toward EVs and energy storage systems, thus
increasing the demand for lithium-ion batteries and their materials. Europe is
becoming a hub for EV manufacturing, with companies like Volkswagen, BMW, and
Stellantis ramping up production. Europe also hosts major battery manufacturers
like Northvolt and Volkswagen's PowerCo.
Asia Pacific Market Forecasts
Asia Pacific is the largest market for Lithium-ion Battery Material accounting for around 50% of the market share. Asia Pacific (APAC) dominates the global lithium-ion battery material market due to its leadership in battery manufacturing, raw material sourcing, and the large-scale adoption of electric vehicles. China is the world’s largest market for lithium-ion batteries, driven by aggressive EV adoption, government incentives, and the presence of major battery manufacturers like CATL, BYD, and Gotion High-tech. China also leads in the production and processing of raw materials like lithium, cobalt, and nickel. Japan and South Korea countries are home to some of the largest battery manufacturers globally, including Panasonic, LG Chem, and Samsung SDI. These countries have strong automotive and electronics industries, driving demand for lithium-ion batteries.
Middle East & Africa Market Statistics
The Middle East
and Africa region currently holds a smaller share of the global market but is
poised for growth due to increasing investments in clean energy projects,
electrification, and EV adoption. Some countries in the region, like South
Africa and Morocco, are making strides in developing electric vehicle
production capabilities.
Latin America Market Statistics
Latin America
holds a smaller share in the lithium-ion battery material market, though it is
strategically important due to its rich deposits of key raw materials, such as
lithium and cobalt. Latin American countries like Chile, Argentina, and Bolivia
are significant producers of lithium, one of the most important raw materials
for lithium-ion batteries. As demand for lithium-ion batteries grows, Latin
America’s role as a raw material supplier is increasingly critical.
Key Market Players
The Global Lithium-ion Battery Material Market is
dominated by a few large companies, such as
·
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.
1.
Global
Lithium-ion Battery Material Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Lithium-ion Battery
Material Market Scope and Market Estimation
1.2.1. Global Lithium-ion Battery
Material Overall Market Size (US$ Bn) and Volume (Tons), Market CAGR (%),
Market forecast (2024 - 2034)
1.2.2. Global Lithium-ion Battery
Material Market Revenue Share (%) and Volume Share (%) and Growth Rate (Y-o-Y)
from 2019 - 2034
1.3. Market Segmentation
1.3.1. Material Type of Global Lithium-ion
Battery Material Market
1.3.2. Battery Type of Global Lithium-ion
Battery Material Market
1.3.3. Application of Global Lithium-ion
Battery Material Market
1.3.4. Region of Global Lithium-ion
Battery Material Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Market Dynamics
2.5.1. Drivers
2.5.2. Limitations
2.5.3. Opportunities
2.5.4. Impact Analysis of Drivers and
Restraints
2.6. Key Developments
2.7. Porter’s Five Forces Analysis
2.7.1. Bargaining Power of Suppliers
2.7.2. Bargaining Power of Buyers
2.7.3. Threat of Substitutes
2.7.4. Threat of New Entrants
2.7.5. Competitive Rivalry
2.8. PEST Analysis
2.8.1. Political Factors
2.8.2. Economic Factors
2.8.3. Social Factors
2.8.4. Technology Factors
2.9. Key Regulation
3.
Global Lithium-ion Battery
Material Market Estimates &
Historical Trend Analysis (2019 - 2023)
4. Global
Lithium-ion Battery Material Market
Estimates & Forecast Trend Analysis, by Material Type
4.1. Global Lithium-ion Battery
Material Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecast, by Material
Type, 2019 - 2034
4.1.1. Cathode
4.1.2. Anode
4.1.3. Electrolytes
4.1.4. Separators
4.1.5. Binders
4.1.6. Others
5. Global
Lithium-ion Battery Material Market
Estimates & Forecast Trend Analysis, by Battery Type
5.1. Global Lithium-ion Battery
Material Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Battery
Type, 2019 - 2034
5.1.1. Lithium cobalt oxide (LCO)
5.1.2. Lithium iron phosphate (LFP)
5.1.3. Lithium Nickel Cobalt Aluminum
Oxide (NCA)
5.1.4. Lithium Manganese Oxide (LMO)
5.1.5. Lithium Titanate
5.1.6. Lithium Nickel Manganese Cobalt
(LMC)
5.1.7. Others
6. Global
Lithium-ion Battery Material Market
Estimates & Forecast Trend Analysis, by Application
6.1. Global Lithium-ion Battery
Material Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Application,
2019 - 2034
6.1.1. Automotive
6.1.2. Consumer Electronics
6.1.3. Industrial
6.1.4. Energy Storage Systems
7.
Global Lithium-ion Battery
Material Market Estimates &
Forecast Trend Analysis, by Region
7.1. Global Lithium-ion Battery
Material Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Region,
2019 - 2034
7.1.1. North America
7.1.2. Eastern Europe
7.1.3. Western Europe
7.1.4. Asia Pacific
7.1.5. Middle East & Africa
7.1.6. Latin America
8.
North
America Lithium-ion Battery Material Market: Estimates & Forecast Trend Analysis
8.1.
North
America Lithium-ion Battery Material Market Assessments & Key Findings
8.1.1. North America Lithium-ion
Battery Material Market Introduction
8.1.2. North America Lithium-ion
Battery Material Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
8.1.2.1. By Material Type
8.1.2.2. By Battery Type
8.1.2.3. By Application
8.1.2.4. By Country
8.1.2.4.1. The U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Western
Europe Lithium-ion Battery Material Market: Estimates & Forecast Trend Analysis
9.1. Western Europe Lithium-ion
Battery Material Market Assessments & Key Findings
9.1.1. Western Europe Lithium-ion
Battery Material Market Introduction
9.1.2. Western Europe Lithium-ion
Battery Material Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
9.1.2.1. By Material Type
9.1.2.2. By Battery Type
9.1.2.3. By Application
9.1.2.4.
By
Country
9.1.2.4.1.
Germany
9.1.2.4.2.
Italy
9.1.2.4.3.
U.K.
9.1.2.4.4.
France
9.1.2.4.5.
Spain
9.1.2.4.6.
Benelux
9.1.2.4.7.
Nordics
9.1.2.4.8. Rest
of W. Europe
10. Eastern Europe Lithium-ion
Battery Material Market: Estimates
& Forecast Trend Analysis
10.1. Eastern Europe Lithium-ion
Battery Material Market Assessments & Key Findings
10.1.1. Eastern Europe Lithium-ion
Battery Material Market Introduction
10.1.2. Eastern Europe Lithium-ion
Battery Material Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
10.1.2.1. By Material Type
10.1.2.2. By Battery Type
10.1.2.3. By Application
10.1.2.4. By Country
10.1.2.4.1.
Russia
10.1.2.4.2.
Hungary
10.1.2.4.3.
Poland
10.1.2.4.4.
Balkan & Baltics
10.1.2.4.5. Rest of E. Europe
11. Asia Pacific Lithium-ion
Battery Material Market: Estimates
& Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Lithium-ion Battery
Material Market Introduction
11.1.2. Asia Pacific Lithium-ion Battery
Material Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
11.1.2.1. By Material Type
11.1.2.2. By Battery Type
11.1.2.3. By Application
11.1.2.4. By Country
11.1.2.4.1. China
11.1.2.4.2. Japan
11.1.2.4.3. India
11.1.2.4.4. Australia & New Zealand
11.1.2.4.5. South Korea
11.1.2.4.6. ASEAN
11.1.2.4.7. Rest of Asia Pacific
12. Middle East & Africa Lithium-ion
Battery Material Market: Estimates
& Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Lithium-ion
Battery Material Market Introduction
12.1.2. Middle
East & Africa Lithium-ion
Battery Material Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
12.1.2.1. By Material Type
12.1.2.2. By Battery Type
12.1.2.3. By Application
12.1.2.4. By Country
12.1.2.4.1. UAE
12.1.2.4.2. Saudi
Arabia
12.1.2.4.3. Turkey
12.1.2.4.4. South
Africa
12.1.2.4.5. Rest of MEA
13. Latin America
Lithium-ion Battery Material Market:
Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments
& Key Findings
13.1.1. Latin America Lithium-ion
Battery Material Market Introduction
13.1.2. Latin America Lithium-ion
Battery Material Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
13.1.2.1. By Material Type
13.1.2.2. By Battery Type
13.1.2.3. By Application
13.1.2.4. By Country
13.1.2.4.1. Brazil
13.1.2.4.2. Argentina
13.1.2.4.3. Colombia
13.1.2.4.4. Rest of
LATAM
14. Country Wise Market:
Introduction
15. Competition Landscape
15.1. Global Lithium-ion Battery Material
Market Product Mapping
15.2. Global Lithium-ion Battery
Material Market Concentration Analysis, by Leading Players / Innovators /
Emerging Players / New Entrants
15.3. Global Lithium-ion Battery
Material Market Tier Structure Analysis
15.4. Global Lithium-ion Battery
Material Market Concentration & Company Market Shares (%) Analysis, 2023
16. Company Profiles
16.1. BYD Co., Ltd.
16.1.1. Company Overview & Key Stats
16.1.2. Financial Performance & KPIs
16.1.3. Product Portfolio
16.1.4. SWOT Analysis
16.1.5. Business Strategy & Recent
Developments
Similar details would be provided
for all the players mentioned below
16.2. A123 Systems
LLC
16.3. Hitachi, Ltd.
16.4. Johnson
Controls
16.5. LG Chem
16.6. Panasonic
Corp.
16.7. Saft
16.8. Samsung SDI
Co., Ltd.
16.9. Toshiba Corp.
16.10. GS Yuasa
International Ltd.
16.11. Others
17. Research
Methodology
17.1. External Transportations /
Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Lithium-ion Battery Material Market in 2024?
Lithium-ion Battery Material Market was valued at USD 43.78 Billion in 2024.
What is the growth rate for the Lithium-ion Battery Material Market?
Lithium-ion Battery Material Market size will increase at approximate CAGR of 23.8% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are 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. and others.
Which region dominates the Lithium-ion Battery Material Market?
Asia Pacific dominates the market with an active share of 50%.
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