Global demand for battery materials in expected to reach nearly $47 billion in 2019 after yearly gains of over eight percent, according to analysis by the Freedonia Group. The increasing ownership of mobile devices around the world, as well as a transition from primary to secondary battery use, will support gains.
China to post fastest gains
China has become the world’s largest battery producing country, surpassing the US and Japan in the last decade. Going forward, secondary batteries will account for a larger fraction of Chinese battery output, driving double digit growth in demand through 2019.
Chemicals to grow at market leading pace
The growing popularity of portable devices, as well as increasing ownership of hybrid and/or electric vehicles, will drive demand for battery chemicals. In particular, demand for lithium chemicals will post double-digit gains.
Materials prices to stabilize
A number of battery materials -- including lead, lithium, and rare earth metals -- experienced price volatility during the 2004-2014 period. Going forward, it is anticipated that pricing for most materials will stabilize.
Scope of the Report
This report covers the scope, size, and growth of the $31.4 billion world battery material market, including key trends spurred by changing material usage and personal spending. For six world regions and 16 major countries, the study includes historical product demand for 2004, 2009, and 2014; product demand forecasts for 2019 and 2024. In addition to a market share discussion for the industry leaders, sales estimates and profiles are provided for the key industry participants, such as BASF, Doe Run, EcoBat Technologies, Exide Technologies, Mitsubishi Chemical, Nyrstar, Recylex, Tata Steel, Umicore, and Vale Inco.
Battery material types covered in this study include:
Regions covered in this study include:
Central & South America