Materials & Chemicals Market Research News

Discover the battery material market future demand foreseen by 2024

Materials & Chemicals Research

The demand for battery materials are high owning to its increasing industrial application and expected to grow at a considerable rate in near future.  

Battery is an electric cell that generates electricity from chemical reaction. Battery materials provide characteristic according to its application and manufacturing requirements in end products.

The total market is segmented by types, application, and geography. The major types for battery material include anode, cathode, electrolyte and separators.

The applications segment include following verticals such as notebooks/laptops, mobile phones, household devices, defense and security, automotive, power tools and others. The geography segment covers the four main regions the include North America, Europe, Asia Pacific and Rest of the World.

Asia pacific is the fastest growing region followed by North America and Europe. Japan is a major global hub for battery materials in Asia pacific and major market players are headquartered in Tokyo, Japan.

Request Report for TOC @  www.persistencemarketresearch.com/toc/10801

Government efforts to decrease the fuel consumption without any change in driving habits have resulted the demand of electric hybrid vehicles. In developing countries, increasing industrialization, growing demand of laptops and mobile phones and automotive industry would act as a driver for this market.

However, increasing raw material prices such as cobalt, magnesium lead and lithium are the challenges for this market. The manufacturer can offer good opportunity in global market by improving efficiency and quality in terms of storage and energy.

Request to Sample of Report @    www.persistencemarketresearch.com/samples/10801

Battery material market is expected to show the double digit growth in CAGR by 2019. The growing demand in industries such as consumer electronics and automotive would increase overall battery material consumption.

The electric vehicle are expected to act as a revenue generator for this market globally.

The major key players for this market include Celgard, Hitachi Chemicals, Umicore, GS Yuasa Corp., Coda Energy, Panasonic Corporation, Envia System Inc., Duracell International Inc., GP Batteries international Ltd., Ford Motor Company and Toda Kogyo among others.

News From

Persistence Market ResearchPersistence Market Research
Category: Market Research Publishers and RetailersCompany about: Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intel ...
This email address is being protected from spambots. You need JavaScript enabled to view it.