Strategic Perspectives on EV Battery Chemicals Market: Charts Course for 16.5% CAGR, Analysis and Forecast for 2030

How big is the Global EV Battery Chemicals market?

According to MarkNtel Advisors study, The Global EV Battery Chemicals Market size is projected to grow at a CAGR of around 16.5% during the forecast period, i.e., 2024-30.

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Global EV Battery Chemicals Market Trend:

Growth of Solid-State Batteries with Elevating Technology, Shaping the Global EV Battery Chemicals Market – A significant trend shaping the Global EV Battery Chemicals Market is the rapid emergence and increasing prominence of solid-state batteries. These advanced battery technologies employ solid electrolytes, in contrast to the liquid electrolytes used in traditional lithium-ion batteries.

Solid-state batteries are gaining considerable attention due to their potential to overcome several limitations associated with conventional batteries. They offer enhanced safety features by being less prone to overheating and thermal runaway, a crucial factor in electric vehicle safety. Moreover, they possess a higher energy density, enabling EVs to store more energy in a smaller footprint, ultimately extending their driving range. Solid-state batteries also tend to exhibit a longer lifespan, reducing the need for frequent battery replacements and contributing to cost-effectiveness in the long run. Additionally, these batteries have the potential to support faster charging, reducing the time required to charge an electric vehicle. For instance,

• In 2023, Toyota unveiled its electric future, announcing breakthroughs in next-gen EV batteries, aerodynamic efficiency, and manufacturing improvements. Notably, the company plans to introduce solid-state EV batteries with the potential to deliver over 900 miles of driving range, signaling a significant leap in electric vehicle technology.

Furthermore, the materials used in solid-state batteries may be more sustainable and environmentally friendly, aligning with the growing demand for eco-conscious transportation solutions. As research and development efforts intensify, the adoption of solid-state batteries in electric vehicles is poised to increase significantly, profoundly impacting the demand for specific battery chemicals and materials, and driving innovation throughout the Global EV Battery supply chain.

Leading Companies in the Global EV Battery Chemicals market:

• Albemarle Corporation
• Gan feng Lithium Co. Ltd.
• Glencore PLC
• Livent Corporation, Inc.
• SQM S.A.
• Norilsk Nickel
• Teck Resources
• Vale S.A.
• Tianqi Lithium Industry Co., Ltd.
• Hindustan Zinc Ltd.
• Korea Zinc
• Sheritt International Corporation
• Nyrstar NV
• Mody Chemi Pharma Ltd.
• Mitsubishi Chemical Holdings
• Others

Explore Full Market Research Report – https://www.marknteladvisors.com/research-library/ev-battery-chemicals-market.html

Global EV Battery Chemicals Market Segmentation:

By Chemicals

• Cathode- Market Size & Forecast 2019-2030F, USD Million
  • Cobalt- Market Size & Forecast 2019-2030F, USD Million
  • Nickel- Market Size & Forecast 2019-2030F, USD Million
  • Manganese- Market Size & Forecast 2019-2030F, USD Million
  • Others (Copper, Aluminium, etc.)- Market Size & Forecast 2019-2030F, USD Million
• Anode- Market Size & Forecast 2019-2030F, USD Million
  • Lithium- Market Size & Forecast 2019-2030F, USD Million
  • Graphite- Market Size & Forecast 2019-2030F, USD Million
  • Silicon- Market Size & Forecast 2019-2030F, USD Million
  • Others (Zinc, Sodium, etc.)- Market Size & Forecast 2019-2030F, USD Million
• Electrolytes- Market Size & Forecast 2019-2030F, USD Million
  • Potassium Hydroxide- Market Size & Forecast 2019-2030F, USD Million
  • Lithium Salts- Market Size & Forecast 2019-2030F, USD Million
  • Others (Ethylene Carbonate, Dimethyl Carbonate, etc.)- Market Size & Forecast 2019-2030F, USD Million
• Separator- Market Size & Forecast 2019-2030F, USD Million
  • Polyethylene- Market Size & Forecast 2019-2030F, USD Million
  • Polypropylene- Market Size & Forecast 2019-2030F, USD Million
  • Others (Ceramic Coated Separators, Glass Fibre, etc.)- Market Size & Forecast 2019-2030F, USD Million

By Battery Type

• Nickel Cadmium Batteries- Market Size & Forecast 2019-2030F, USD Million
• Nickel Metal Hydride Batteries- Market Size & Forecast 2019-2030F, USD Million
• Lead Acid Batteries- Market Size & Forecast 2019-2030F, USD Million
• Lithium-Ion Batteries- Market Size & Forecast 2019-2030F, USD Million

Among them ‘Lithium-ion Batteries’ have established their dominance in the market across various sectors.

By Vehicle Type

• Two-Wheeler- Market Size & Forecast 2019-2030F, USD Million
• Passenger Cars- Market Size & Forecast 2019-2030F, USD Million
• Commercial Vehicles- Market Size & Forecast 2019-2030F, USD Million
  • Vans/Light Trucks- Market Size & Forecast 2019-2030F, USD Million
  • Medium & Heavy Trucks- Market Size & Forecast 2019-2030F, USD Million
  • Buses- Market Size & Forecast 2019-2030F, USD Million
  • Off-Highway Vehicles- Market Size & Forecast 2019-2030F, USD Million

By Propulsion

• Battery Electric Vehicles (BEVs)- Market Size & Forecast 2019-2030F, USD Million
• Hybrid Electric Vehicles (HEVs)- Market Size & Forecast 2019-2030F, USD Million
• Plug-in Hybrid Electric Vehicles (PHEV)- Market Size & Forecast 2019-2030F, USD Million
• Fuel Cell Electric Vehicles (FCEVs)- Market Size & Forecast 2019-2030F, USD Million

By Method

• Wire Bonding- Market Size & Forecast 2019-2030F, USD Million
• Laser Bonding- Market Size & Forecast 2019-2030F, USD Million

Regional/ Countries Insight:

• North America
• Latin America
• Europe
• Asia-Pacific
• The Middle East & Africa

The Asia-Pacific region has dominated the Global EV Battery Chemicals Market which has been attributed to several key factors.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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