Press Releases
 
Battery Materials Market to Expand with Significant CAGR During 2024

, 14 February 2018 -- The Battery Materials Market to clock a 13.6% CAGR during the forecast period between 2017 and 2025.

The global market for battery materials is anticipated to exhibit a healthy growth curve over the coming years, according to a report by Transparency Market research (TMR). The market is replete with a number of noteworthy market participants, who are investing into research for viable battery materials. They aim to discover ways to aid manufacture of efficient batteries that are of low cost, durable and offer high performance capacities. Some of the leading vendors of the global battery materials market are Arkema SA, BASF SE, Cabot Corporation, FMC Corporation and Mitsubishi Chemical Holdings Corporation.


Read Report Overview @

https://www.transparencymarketresearch.com/battery-materials-market.html


According to the report, over the forecast duration of 2017 to 2025, the worldwide battery materials market is predicted to exhibit a 13.6% CAGR. Thus, the market which was evaluated to be at US$4,419 mn in the year 2016, is expected to reach US$13.70 bn by the end of the year 2025.


The demand for superior and cost proficient battery materials expanded from battery and end-client industry in the past couple of years. The global battery material market is predicted to indicate high development in the forthcoming years. Its market is fragmented by various kinds of lithium battery materials which incorporate cathode, anode, electrolyte, binders, and packaging material. A number of new materials post research have been found to offer high power thickness, security, long life cycle, and high release life. The materials are accessible in various evaluations as indicated by applications, for example, PCs/note pads, cell/cell phones, car, control apparatuses, family unit gadgets, and others. On the basis of application, the segment of secondary batteries are anticipated to emerge as the leading market segment in the coming years.


Geographically, North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa are the primary geographic areas in the worldwide market for battery materials. At present, North America leads with a predominant share on account of a large number of car producers present in the area. Additionally, with as strong CAGR of 12.2% through the span of the forecast period, it is expected to lose its dominance to Asia Pacific soon.


Automotive manufacturing companies are one of the major users of batteries and are expected to grow more in numbers in the forthcoming years. As natural sources of fuel are depleting, consumers and producer are forced to find alternatives. This trend is even more evident in the automotive sector. Battery driven vehicles are gaining traction, and lithium batteries used in electric vehicles quite substantially. Recent innovations in the field have found cheaper and efficient lithium ion batteries which will further auger the growth of the battery materials market.


Request to view Sample Report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16454


The surging interest for energy storage solutions from the thriving consumer gadgets as well as automotive industry is significantly fueling the demand for battery materials. With the expanding utilization of cell phones and PCs, reduced popularity of exhaustible fuel, and the push on non-polluting electric and hybrid vehicles, the interest for battery has taken off. These factors thus stoking the growth of the battery materials market.

# # #


Submitted by Sandy Researcher, Transparency Market Research on Wednesday, 14 February 2018 at 1:38 PM
Category: Business
 
Related News

Mercerized Cotton Market By Manufacturers, Type, Applications, Forecast 2023
Wednesday, 15 Aug 2018

Indium Oxide Market Overview, Dynamics and Trends, Segmentation 2024
Wednesday, 15 Aug 2018

Fire Resistant Glass Market Analysis and Forecast Study for 2016 - 2024
Wednesday, 15 Aug 2018

1,6 Hexanediol Market Analysis by Trends, Production, Consumption and Forecast 2023
Wednesday, 15 Aug 2018

Normal Superphosphate Market Report 2024: By Product, Application, Manufacturer, Segmentation
Wednesday, 15 Aug 2018

Related Events

SILICON VALLEY FINTECH WEEK 2018
Monday, 13 Aug 2018

Continuous Innovation of Sand Making Machine Technology
Tuesday, 14 Aug 2018

Summer NAPE
Wednesday, 15 Aug 2018

Palo Alto Networks: Ransomware's Next Steps
Wednesday, 15 Aug 2018

The Quest for Spirituality in Modern Art
Friday, 17 Aug 2018

Latest News

Normal Superphosphate Market Report 2024: By Product, Application, Manufacturer, Segmentation
Wednesday, 15 Aug 2018

Indium Oxide Market Overview, Dynamics and Trends, Segmentation 2024
Wednesday, 15 Aug 2018

Fire Resistant Glass Market Analysis and Forecast Study for 2016 - 2024
Wednesday, 15 Aug 2018

1,6 Hexanediol Market Analysis by Trends, Production, Consumption and Forecast 2023
Wednesday, 15 Aug 2018

Mercerized Cotton Market By Manufacturers, Type, Applications, Forecast 2023
Wednesday, 15 Aug 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Wednesday, 15 August 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Federal Dispute Resolution Training 2018
  • SILICON VALLEY FINTECH WEEK 2018
  • Hemophilia Drug Development
  • Data Science Leaders East Coast Network
  • Sydney's Biggest Postgraduate Event - QS World Grad School Tour

  • Latest Jobs
    Sorry, there are currently no entries posted here.