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Global Lithium-ion Battery Materials Market Growth Opportunities

Publisher Frost & Sullivan
Published Aug 23, 2023
SKU # MC18144831

Description

Global Lithium-ion Battery Materials Market Growth Opportunities


Technological Advancements Expand the Industry's Growth Pipeline

The worldwide demand for batteries is on the rise, primarily propelled by the urgency to combat climate change through mobility electrification and energy transition. In addition, significant growth in consumer electronics, such as wearables and Bluetooth earphones, will further propel the Lithium-ion (Li-ion) battery materials market. The move from fossil fuels to renewable energy sources, such as solar and wind, drives demand growth for energy storage solutions with high-density and efficient storage capabilities to meet peak demand and intermittent energy generation intervals.

Developed markets in North America, Europe, and East Asian countries, such as Japan, South Korea, and Taiwan, are the major drivers of the residential and utility battery energy storage systems (BESS) markets, as governments incentivize the adoption of these systems to decarbonize the grid. The need for technological advancements to combat challenges, such as energy density, cost, and sustainability, will attract large investments in the battery material market. Lithium-ion batteries dominate the energy storage landscape for mobile electronic devices and electromobility. However, the market strives for improvement in several aspects: Cost-effectiveness, safety, longevity, energy density, and recyclability.

Batteries are complex products with many different parts, requiring a wide range of materials in construction. This study focuses on 6 key components: Cathode materials, anode materials, electrolytes, separators, binders, and adhesives & sealants.

China dominates almost every tier in the value chain of battery materials. In addition, the mining and processing of materials is highly concentrated in a few regions, which endangers the supply chain. Countries across the world are making efforts to diversify and secure the supply chain. In the last 2 years, there has been a notable increase in the emergence of new start-ups and capacity expansions. Competition is expected to intensify in the coming years due to the focus on securing the supply chain and enhancing market position.

The study aims to determine how market trends, such as advancements in battery chemistries and technologies, increased sales of electric vehicles, evolving regulatory scenarios, and the increasing shift in consumer preferences toward electric vehicles, will impact the demand for specific materials between 2022 and 2029. It analyzes the consumption of considered Li-ion battery materials based on 4 key applications that are consumer electronics, electric vehicles, industrial & ESS (energy storage systems), and others (medical and healthcare devices, portable tools, and electric bikes), and 4 key regions of the Americas, Europe, Asia-Pacific (APAC), and Middle East, Africa, and Southern Asia (MEASA).

Table of Contents

    • Why Is It Increasingly Difficult to Grow?
    • The Strategic Imperative 8™
    • The Impact of the Top 3 Strategic Imperatives on the Li-ion Battery Materials Industry
    • Growth Opportunities Fuel the Growth Pipeline Engine™
    • Key Findings
    • Technology Roadmap
    • Scope of Analysis
    • Geographic Scope
    • Segmentation
    • Market Definitions
    • Key Competitors
    • Growth Metrics
    • Value Chain
    • Value Chain Analysis
    • Growth Drivers
    • Growth Driver Analysis
    • Growth Restraints
    • Growth Restraint Analysis
    • Forecast Assumptions
    • Revenue and Volume Forecast
    • Revenue and Volume Forecast Analysis
    • Revenue Forecast by Product
    • Revenue and Volume Forecast Analysis by Product
    • Revenue Forecast by Region
    • Revenue and Volume Forecast Analysis by Region
    • Procurement and Criticality of Raw Materials
    • Revenue Forecast by Application
    • Revenue and Volume Forecast Analysis by Application
    • Pricing Trends and Forecast
    • Pricing Trends and Forecast Analysis
    • Competitive Environment
    • Revenue Share
    • Characteristics and Overview
    • Growth Metrics
    • Characteristics Comparison
    • Application Presence and Material Selection Criteria
    • Revenue and Volume Forecast
    • Forecast Analysis
    • Volume Forecast by Chemistry
    • Forecast Analysis by Chemistry
    • Pricing Trends and Forecast
    • Pricing Trends and Forecast Analysis
    • Future Cathode Materials and Potential Impact
    • Characteristics and Overview
    • Growth Metrics
    • Revenue and Volume Forecast
    • Characteristics Comparison
    • Volume Forecast by Chemistry
    • Forecast Analysis
    • Pricing Trends and Forecast
    • Pricing Trends and Forecast Analysis
    • Characteristics and Overview
    • Growth Metrics
    • Materials Overview
    • Revenue and Volume Forecast
    • Volume Forecast by Chemistry
    • Forecast Analysis
    • Solid-state Electrolytes
    • Solid-state Batteries Announcements
    • Pricing Trends and Forecast
    • Pricing Trends and Forecast Analysis
    • Characteristics and Overview
    • Wet and Dry Process Separators Comparison
    • Wet Process and Dry Process Flow
    • Growth Metrics
    • Revenue and Volume Forecast
    • Volume Forecast by Process
    • Forecast Analysis
    • Pricing Trends and Forecast
    • Pricing Trends and Forecast Analysis
    • Characteristics and Overview
    • Definition and Characteristics
    • Materials and Composition
    • Growth Metrics
    • Revenue and Volume Forecast
    • Volume Forecast by Chemistry
    • Forecast Analysis
    • Pricing Trends and Forecast
    • Pricing Trends and Forecast Analysis
    • Characteristics and Overview
    • Growth Metrics
    • Revenue and Volume Forecast
    • Volume Forecast by Application
    • Forecast Analysis
    • Pricing Trends and Forecast
    • Pricing Trends and Forecast Analysis
    • Growth Opportunity 1: Changing Government Regulations
    • Growth Opportunity 2: Long-term Strategic Partnerships
    • Growth Opportunity 3: Development of State-of-the-art Technologies
    • Your Next Steps
    • Why Frost, Why Now?
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