Battery Raw Materials Market Size, Share, Growth, Trends and Industry Analysis Report, 2018 to 2025
The battery raw materials market size was estimated at USD 39.28 billion in 2017. Extensive usage of batteries in electric vehicles, coupled with high demand in consumer electronic products, is anticipated to drive growth.
(firmenpresse) - The global battery raw materials market size is expected to reach USD 68.57 billion by 2025 at a 7.4% CAGR during the forecast period, according to a new report by Grand View Research, Inc. The industry is anticipated to grow on account of technological advancements and innovations in batteries used in external power generating systems.
Battery manufacturers lay greater emphasis on sourcing materials with mining and processing of raw materials undertaken by major companies operating in the market. The industry is characterized by presence of stringent regulatory framework with regulations imposed on mining, processing, assembling, packaging, shipping, and waste disposal.
Rechargeable lithium ion batteries are used extensively in comparison to conventional lead acid batteries due to emergence of environmental concerns. In addition, growth in use of renewable sources of energy such as solar is expected to result in heightened demand for lithium batteries.
The lead acid battery industry is predominantly saturated and the scope for growth of the technology used in the product is relatively limited as a result. Diminishing application scope and concerns regarding use of carcinogenic materials in lead batteries are also expected to limit industry growth.
Further key findings from the report suggest:
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales(at)grandviewresearch.com
For More Information: www.grandviewresearch.com
Datum: 23.11.2019 - 01:01 Uhr
Sprache: Deutsch
News-ID 1554174
Anzahl Zeichen: 2586
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Typ of Press Release: Financial
type of sending: send
Date of sending: 22.11.2019
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