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Global Battery Materials Market Analysis & Development Status Reveals Growth at 13.6% CAGR During 2017 - 2025

Battery materials market which was valued at US$4,419 mn in 2016, will likely grow to the tune of US$13.70 bn by 2025.


Albany, NY -- (SBWIRE) -- 02/02/2018 -- Over the years, it has been analyzed that the demand for larger and cost proficient battery materials has extended from battery and end-client industry. Further, the market is split by various types of lithium battery materials. In order to gain precise knowledge about the overall global market, a new report titled "Battery Materials Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025", has been added to the vast repository of Market Research Hub (MRH). This study discourses drivers and restraints of the global battery materials market. Further, market size and growth trends are analyzed throughout the forecast period.

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As per report analytics, during the period 2017 to 2025, the global battery materials market is anticipated to showcase 13.6% CAGR. Therefore, the target market that was evaluated at US$4,419 mn in 2016, is likely to reach US$13.70 bn by the end of 2025. Geographically, the prime regions studied in the report are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. At present, North America acquires a predominant share considering a large number of car producers available in this area. Additionally, a robust CAGR of 12.2% through the forecast period, it is anticipated to lose its position to Asia Pacific in the coming years.

It is interesting to know, the rising interest for energy storage solutions due to thriving consumer gadgets together with automotive industry is majorly fueling the demand for battery materials. Also, growing utilization of cell phones as well as PCs, condensed popularity of exhaustible fuel, and motivation of non-polluting electric and hybrid vehicles, has made interest in batteries quite significant. All these factors are therefore fueling growth of the battery materials market. This report uses factors such as market attractiveness analysis, PEST analysis, market size forecast etc, to make the evaluation more valid and legit.

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As the research concludes, the study includes profiles of specific companies functioning in the global battery materials market. Some of the key players from the concerned market include BASF SE, Arkema SA, FMC Corporation, Mitsubishi Chemical Holdings Corporation, Cabot Corporation, Albemarle Corporation, Ube Industries Limited, Sumitomo Metal Mining Industries Limited, American Elements, Asahi Kasei Corporation among others. Each of these market players have been assessed in terms of attributes like company overview, business strategies, overall revenue, SWOT analysis and recent developments. This report also includes tables and figures that are quite beneficial for the investors.

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