The global battery materials marketsize is predicted to reach USD 83.43 billion by 2026, exhibiting a CAGR of 8.3% during the forecast period.

The growing demand for lithium-ion and lead-acid batteries will accelerate this market revenue during the forecast period. Lithium-ion batteries are extensively used for high energy density in automotive, industrial, and consumer electronics applications. In addition, the enhanced compatibility and reliability of Li-ion batteries have led to the demand for cathode battery materials, which, in turn, will boost the battery materials market trends in the forthcoming years.

The growing demand for computers, TVs, mobile phones, and other electronic devices has led to the high production of electronics, which in turn, will spur opportunities for the battery materials market during the forecast period. The increasing technological advancements and surge in the gaming industry will contribute positively to the market share for battery materials in the forthcoming years.

Key companies involved are NICHIA CORPORATION, NEI Corporation, TCI Chemicals (India) Pvt. Ltd., Targray Technology International, Mitsubishi Chemical Holdings, Hitachi Chemical Co. Ltd., TORAY INDUSTRIES, INC., Shanghai Shanshan Tech Co., Ltd., and Kureha Corporation among others.

–Battery Materials Market 2019-2026 Report
Fortune Business Insights