Global Battery Materials Market
Battery Materials Market Size And Forecast
According to Verified Market Research, the Global Battery Material Market was valued at USD 41.33Billion in 2018 and is projected to reach USD 78.31 Billion by 2026, growing at a CAGR of 8.28% from 2019 to 2026.
Global Battery Material Market Outlook
The growing adaption of the electric vehicle owing to satisfy the sustainable need is major factor responsible for driving the market growth. In addition, the increasing demand for consumer electronics is another factor propelling market growth. Moreover, the advancement in technology enhances the demand for Li-ion technology led to imposing a positive outlook on the market growth. However, the unavailability of the charging infrastructure and regulatory laws for battery safety requirements is expected to hinder the market growth.
Global Battery Material Market Competitive Landscape
The “Global Battery Material Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Asahi Kasei Corporation, POSCO, Umicore, Mitsubishi Chemical Holdings, Hitachi Chemical, Sumitomo Corporation, Toray, Kureha Corporation, Mitsui Mining & Smelting Company and Johnson Matthey.
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