BIS Research Study Highlights Global Lithium-Ion Battery Metal Market to Reach $286.08 Billion by 2031

FREMONT, Calif., June 10, 2022 /PRNewswire/ — The global market for lithium-ion battery metals is expected to reach $286.08 billion in terms of revenue by 2031, at a CAGR of 34%, suggests BIS Research’s premium study.

In recent years, Li-ion batteries have seen an exponential increase in demand from the automotive industry, with electric vehicle (EV) sales hitting record highs.

Growing sales of cell phones, tablets, laptops, Internet of Things (IoT) devices and other consumer electronics have also created a growing demand for Li-ion battery metals, as Li batteries -ion ​​are an essential part of consumer electronics around the world.

Several organizations, research institutes and government agencies are working to introduce new technologies to the global lithium-ion battery metal market.

The detailed study is a compilation of 164 market data tables and 40 figures spread over 283 pages and an in-depth TOC on “Global Lithium Ion Battery Metal Market – Analysis and Forecast, 2022-2031″

Demand – Drivers and Limits

The following are the demand drivers for the lithium-ion battery metals market:

  • Growing demand for lithium-ion batteries from the automotive industry
  • Increase in consumer electronics sales
  • Favorable Government Policies to Support the Adoption of Electric Vehicles (EVs)

The market is also expected to face some limitations owing to the following challenges:

  • Metal price fluctuations
  • Human rights issues related to cobalt mining in the Democratic Republic of Congo (DRC)

Reasons to buy this report

This exclusive report on Lithium Ion Battery Metals Market will help you in the following ways:

  • Critical analysis of all premium metals used in the manufacture of lithium-ion batteries
  • Assessing key start-ups in the global lithium-ion battery metals market
  • Critical assessment of UkraineRussia conflict and its effect on the global lithium-ion battery metal market
  • Overview of the global electric vehicle (EV) market
  • Overview of the global lithium-ion battery recycling market
  • Patent analysis for patents filed related to lithium-ion battery metals since January 1, 2020

Market Analyst’s View:

According Shivam PriyadarchiSenior Analyst, BIS Research, “The demand for metals for lithium-ion batteries is increasing due to the growth in sales of electric vehicles and the growing demand for consumer electronics around the world. In addition, the increasing investment by industry players in R&D of new cell chemistries and metals for lithium-ion batteries coupled with the adoption of lithium-ion batteries as energy storage systems is expected to propel the growth of the lithium-ion battery metals market during the period of forecast.”

See the report in the global lithium-ion battery metal market

Key Companies Operating in the Market and Competitive Landscape

The companies profiled have been selected based on input gathered from primary experts and analysis of company coverage, product portfolio and market penetration.

Some important established names in this market are:

Business Type 1: Metal Suppliers

  • Norilsk Nickel
  • BHP
  • Jiangxi Ganfeng Lithium Co., Ltd.
  • Albemarle Society
  • China Molybdenum Co., Ltd.
  • Lithium Tianqi

Business Type 2: Cellular Chemistry Suppliers

  • Umicore
  • L&F Company
  • Nichia Corporation
  • BASF TODA Battery Materials LLC
  • Toda Kogyo Company

Companies that are not part of the aforementioned pool have been well represented in the various sections of the report (where applicable).

Who should buy this report?

Companies offering metals, cell chemicals, anode materials, and cathode materials for lithium-ion batteries can purchase the report. End users involved in automotive, especially electric vehicles, consumer electronics, power tools, and energy storage systems can also purchase the report.

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Key questions answered by the report:

  • What are the major drivers and trends impacting the lithium-ion battery metals market?
  • What impact has COVID-19 had on the lithium-ion battery metals market across the globe?
  • How is the UkraineRussia Conflict is expected to affect the lithium-ion battery metal market in the near future, especially in the lithium-ion battery supply chain? What measures are the main players taking to mitigate this situation?
  • What are the steps taken by the existing players to improve their market positioning and some key strategies adopted by the new players entering the market?
  • How is lithium-ion battery recycling expected to affect the lithium-ion battery metal market in the coming years? Does it have the potential to bridge the gap between metal supply and demand in the lithium-ion battery market?
  • What are the key constituent metals, cell chemistries, and end-use applications in the market, and how will they perform in the coming years?
  • What are the latest developments in various countries of the world regarding the lithium-ion battery metals market and what are the consumption patterns, and how are they expected to develop in the coming years?
  • Are there any government regulations (regional/global) impacting the lithium-ion battery metals market? Also, what are some of the adoption bottlenecks in different regions and countries?

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focused on deep technologies and related emerging trends that may disrupt market dynamics in the near future. We publish over 200 market intelligence studies annually that focus on multiple deep technology verticals.

Our strategic market analysis emphasizes market estimates, technology analysis, high growth emerging applications, deeply segmented country-level granular market data, and other significant market parameters helpful in making strategic decision making for senior management.

BIS Research offers group studies as well as custom studies and expert consultations to companies, providing them with specific and actionable insights into new technology markets, business models and the competitive landscape.

BIS Healthcare vertical offers health technology market insights for medical devices, digital health, life sciences, robotics and imaging, information technology, precision medicine and other emerging health technologies, spanning the entire industry spectrum. Over the past 5 years, BIS Healthcare has published over 50 reports under the Precision Medicine banner. Additionally, BIS Research has successfully nominated the top 25 precision medicine voices on its Insight Monk platform for the past two years.

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Paul N. Strickland