Chemical Industry Updates

The battery materials market includes various materials such as cathode materials, anode materials, electrolytes, separators, and others that are used in the manufacturing of batteries. Cathode materials are primarily used in lithium-ion batteries. These materials include lithium cobalt oxide, lithium nickel-manganese-cobalt oxide, lithium manganese oxide, lithium iron phosphate, and others. Anode materials comprise graphite, lithium titanate, silicon, and more. Battery materials provide high power and energy density to batteries, thus enabling them to store higher energy. Advancements in battery technologies have increased the range of electric vehicles and energy storage options. The global battery materials market is estimated to be valued at US$ 50.6 Bn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the battery materials market are Albemarle, China Molybdenum Co. Ltd., Gan feng Lithium Co., Ltd., Gl

Battery materials are vital components of various batteries used in devices such as smartphones, laptops, power tools, and electric vehicles (EVs). Battery materials allow for efficient energy storage and help maximize the performance of batteries. Advances in battery technology have increased the demand for high-performance battery materials that can provide longer battery life and quick charging. The global Battery Materials Market is estimated to be valued at US$ 50.6 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand for electric vehicles is one of the major trends driving the growth of the battery materials market. Various governments around the world are promoting the adoption of electric vehicles to reduce emissions from gasoline-powered vehicles. As electric vehicles require large batteries for longer range on single charge