An exciting new study from the team of Lucintel found that battery material market is expected to reach $148.7 billion by 2027 with a CAGR of 16%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The battery material market is segmented based on component type, chemistry type, battery type, end use industry, and region. In this market, transportation is expected to remain the largest end use industry, and cathode segment is expected to remain the largest component type. Players can benefit from the available opportunities like growing production of electric vehicles, consumer electronics, and the growing demand for backup power systems are expected to boost demand for the battery material market in this region.
Development of solid state electrolyte and the emergence of sodium-ion batteries are emerging trends having impact on dynamics of the industry.
Umicore, Asahi Kasei, Sumitomo Metal Mining, Mitsubishi Chemical, Toray, Toda Kogyo Corporation, Showa Denko K.K.are some of the major players profiled in this 205 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the battery material market by component type (cathodes, anodes, electrolytes, separators, and others), battery type (primary batteries and secondary batteries), end use industry (consumer electronics, transportation, industrial, and others), chemistry type (lithium-ion, lead acid, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the battery material market?
Q.4 What are some changing demands of customers in the battery material market?
Q.5 What are the new developments in the battery material market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this battery material area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this battery material market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.