SUSTAINABLE BATTERY MATERIALS MARKET, SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global sustainable battery materials market is estimated to be valued at USD 49.85 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.  There has been growing demand for sustainable battery materials across the globe due to increasing adoption of electric vehicles and focus on clean energy. Various factors such as supportive government policies and regulations regarding carbon emissions, rising environmental concerns, and technological advancements in battery chemistry are expected to drive the global sustainable battery materials market growth. Manufacturers are investing heavily in R&D activities to develop new cathode materials with higher energy density to improve the driving range of EVs. Moreover, reuse and recycling of battery materials reduce mining pressure and lower the production costs. Rapid transformation in the automotive and energy storage industries worldwide is expected to offer opportunities for the market growth.

 Market Dynamics:

Global sustainable battery materials market growth is driven by supportive government policies promoting clean mobility, declining battery prices, and growing demand for consumer electronics. However, high initial costs for production and limited availability of raw materials can hamper the market growth. Coin cell batteries used in IoT and wearable devices present significant opportunities for sustainable battery materials manufacturers. Growing emphasis on circular economy models and investments in battery recycling offer opportunities for the market players. Raw material price volatility and technological challenges in developing advanced cathode chemistry can hamper the market growth.

 Key Features of the Study:

• This report provides in-depth analysis of the global sustainable battery materials market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global sustainable battery materials market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Ascend Elements, BASF SE, TCI Chemicals Pvt. Ltd, Mitsubishi Chemical Holdings, TORAY INDUSTRIES INC., Kureha Corporation, Umicore Cobalt & Specialty Materials, NEI Corporation, NICHIA Corporation, Hitachi Chemical Co. Ltd, Asahi Kasei, Epsilon Advanced Materials.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global sustainable battery materials market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Detailed Segmentation-

• By Battery Type:
  • Lithium Ion
  • Lead Acid
  • Others
• By Material:
  • Cathode
  • Anode
  • Electrolyte
  • Others 
• By Application:
  • Automotive
  • Consumer electronics
  • Industrial
  • Others  
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles:

• Ascend Elements
• BASF SE
• TCI Chemicals Pvt. Ltd
• Mitsubishi Chemical Holdings
• TORAY INDUSTRIES INC.
• Kureha Corporation
• Umicore Cobalt & Specialty Materials
• NEI Corporation
• NICHIA Corporation
• Hitachi Chemical Co. Ltd
• Asahi Kasei 
• Epsilon Advanced Materials