Battery Materials Market by Battery Type (Lead-Acid, Lithium-Ion), Material [Cathode (LFP, LCO, NMC, NCA, LMO), Anode, Electrolyte], Application (Automotive, Electric Vehicles, Portable Devices, Industrial), and Region - Global Forecast to 2030

The global battery materials market is projected to grow from USD 83.95 billion in 2025 to USD 147.93 billion by 2030, at a CAGR of 13.7% during the forecast period. The battery materials market is experiencing strong growth, driven by the worldwide shift toward electrification, clean energy, and digital technology. Increasing demand for electric vehicles, portable electronics, and energy storage systems is boosting the need for high-performance materials. Governments and industries are making significant investments in battery production capacity, raw material sourcing, and recycling infrastructure.

“Lead-acid segment, by battery type, is estimated to account for the second-largest share during the forecast period in terms of value.”

The lead-acid segment is expected to hold the second-largest share in the battery materials market by value during the forecast period, due to its widespread use in automotive, industrial backup power, and off-grid energy storage applications. Its reliability, low cost, and well-established recycling infrastructure make it a preferred choice in developing regions and for applications that require high surge currents. Ongoing advancements in lead-acid battery design, including improved flooded and AGM technologies, are also driving market growth.

“By application, the portable device segment will account for the second-largest share during the forecast period in terms of value.”

The portable device segment is expected to hold the second-largest share in the battery materials market by value during the forecast period, driven by rising consumer demand for smartphones, laptops, tablets, wearables, and wireless accessories. This segment sustains steady battery usage. Advances in miniaturization, battery life, and fast-charging features are also increasing the need for high-performance, compact battery materials. As digital connectivity and mobile lifestyles expand worldwide, applications for portable devices are likely to contribute significantly to the battery material market.

“The North America region is estimated to account for the second-largest share during the forecast period in terms of volume.”

The North America region is expected to hold the second-largest share in the battery materials market by volume during the forecast period, driven by increasing EV adoption, renewable energy demand, and government support. The US leads with strong policies and a developed domestic supply chain, while Canada invests in lithium production, and Mexico draws major battery manufacturing due to its cost advantages. These factors collectively boost regional demand for battery materials, establishing North America as a key player in the global battery ecosystem.

Profile break-up of primary participants for the report:

• By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
• By Designation: Directors– 25%, Managers– 30%, and Others – 45%
• By Region: North America – 30%, Asia Pacific – 40%, Europe – 20%, and Rest of the World – 10%

BASF (Germany), POSCO Future M (South Korea), Asahi Kasei Corporation (Japan), Umicore (Belgium), and Sumitomo Metal Mining Co., Ltd. (Japan) are some of the major players in the battery materials market. These players have adopted agreements, joint ventures, expansions, and other strategies to increase their market share and business revenue.

Research Coverage:

The report defines, segments, and projects the size of the battery materials market based on material, battery type, application, and region. It offers detailed information on key factors affecting the market's growth, such as drivers, restraints, opportunities, and challenges. It strategically profiles battery materials manufacturers, thoroughly analyzing their market shares and core competencies, and monitors and assesses competitive developments, including agreements, joint ventures, partnerships, expansion, and others.

Reasons to Buy the Report:

The report aims to assist market leaders and new entrants by providing the most accurate estimates of revenue figures for the battery materials market and its segments. It is also designed to help stakeholders gain a better understanding of the market's competitive landscape, acquire insights to enhance their business positioning, and develop effective go-to-market strategies. Additionally, it enables stakeholders to gauge market trends and offers information on key drivers, restraints, challenges, and opportunities.

The report offers insights on the following points:

• Analysis of critical drivers (growth of HEVs, PHEVs, and EVs to accelerate demand for lithium-ion batteries, high demand for lithium-ion technology in renewable energy industry, growth in consumer electronic devices), restraints (stringent safety requirements for batteries during operation, inadequate charging infrastructure), opportunities (use of batteries in energy storage devices, innovation and advances in lithium-ion battery technology, declining lithium-ion battery prices), and challenges (overheating issues of lithium-ion batteries) influencing the growth of the battery materials market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the battery materials market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the battery materials market across varied regions
• Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the battery materials market
• Competitive Assessment: In-depth assessment of market share, growth strategies, and product offerings of leading players in the battery materials market, such as BASF (Germany), POSCO Future M (South Korea), Asahi Kasei Corporation (Japan), Umicore (Belgium), and Sumitomo Metal Mining Co., Ltd. (Japan)

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