Energy & Power / Battery Metals Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Albemarle Corporation (NYSE :ALB), China Molybdenum Co., Ltd. (OTC :CMCLF
Battery Metals Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Albemarle Corporation (NYSE :ALB), China Molybdenum Co., Ltd. (OTC :CMCLF
Acknowledging the kind of traction gained by this market, industrydataanalytics recently published a study report asserts the global Battery Metals Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 2.4% during the review period (2022 to 2027).
Battery Metals Market Overview:
The market for battery metals is driven by the growing demand for batteries in the automotive industry and stationary battery energy storage (BES). The global electric vehicles (EVs) industry is growing at an accelerating rate across the globe, which is propelling the market growth, as batteries constitute the most significant portion of EVs. Soon, they will account for a 40.0% share of the total cost in automotive manufacturing.
Global battery production is concentrated in a handful of countries and the U.S. is one among them. Technological advancements coupled with the presence of large players such as Tesla, EnerSys, and Panasonic propel the growth of the market for battery metals in the country. The growing demand from application industries is propelling production capacity. For example, in October 2019, KORE Power announced its plan to build a 10 GWh lithium-ion battery manufacturing plant in the U.S. for producing Mark 1 energy storage system.
Recent Development:
Glencore Reaches Coordinated Resolutions with US, UK and Brazilian Authorities
Glencore has resolved the previously disclosed investigations by authorities in the United States, the United Kingdom and Brazil into past activities in certain Group businesses related to bribery, and separate US investigations related to market manipulation. Glencore cooperated with these investigations.
Under the terms of the US resolutions, Glencore will pay penalties of $700,706,965 to resolve bribery investigations and $485,638,885 to resolve market manipulation investigations by the Department of Justice (“DOJ”) and the Commodity Futures Trading Commission (“CFTC”). Of this amount, up to $165,930,959 will be credited against other, parallel matters, including in the UK, so that the net amount payable to the US authorities is expected to be $1,020,414,891. Glencore has further agreed to pay $39,598,367 under a resolution signed with the Brazilian Federal Prosecutor’s Office (“MPF”) in connection with its bribery investigation into the Group.
What are the major Applications, Types, and Regions of the Battery Metals Market?
By Type, it is segmented into
Lithium
Cobalt
Nickel
Others
By Applications, it is segmented into
Starter, Lighting and Ignition (SLI)
Electric Vehicles (EVs)
Electronic Devices
Stationary Battery Energy Storage (BES)
Others
Battery Metals Market Regional Analysis
Asia Pacific dominated the market and accounted for a revenue share of 87.7% in 2019. This trend is expected to continue over the forecast period. This share is attributable to China as it is the largest battery manufacturer in the world. The manufacturing capacity of China is owing to its dominance over the supply chain. It holds a share of more than 20.0% in supplying battery metals to the world and also has the largest chemical production capacity of battery-grade raw materials, which is around 80.0% of the world. Considering its dominance, it is the main driver for the future global automotive industry, post the Covid-19 pandemic.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Battery Metals market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific is expected to dominate the most significant market owing to rising demand for natural gas mainly across the countries like India, China, and Japan among others. China has the fastest-growing investment in LNG stations, as its focus on cleaner energy for industrial and commercial transportation is anticipated to drive the market across the region. Following Asia-Pacific, Europe, and North America and have implemented stringent laws to reduce emissions & are more focused on renewable energy projects and energy-efficient sectors the rise in commercial and industrial transportation has led to the expansion of LNG stations across the region, and are the second-largest region in the global Battery Metals market. In Latin America government has reduced the importation tariffs for LNG-powered vehicles, enhancing the market landscape of Battery Metals positively.
Battery Metals Market Report Scope:
Reports Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 2.4% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Battery Metals Report
Evaluate Battery Metals market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Battery Metals Market is studied from 2017 - 2027.
What are the significant types of Battery Metals Market?
Lithium, Cobalt, Nickel, Others.
What are the major end-use applications of the Battery Metals Market?
Starter, Lighting and Ignition (SLI), Electric Vehicles (EVs), Electronic Devices, Stationary Battery Energy Storage (BES), Others.
What segments are covered in the Battery Metals Market report?
The Global Battery Metals Market is segmented on the basis of Product, Application, and Geography.
How can I get a sample report/company profile for the Battery Metals Market?
The sample report for the Battery Metals Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
