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Battery Materials Market Supply Chain Foreseen to Grow Exponentially by 2025<br>
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©2019 Transparency Market Research, All Rights Reserved Battery Materials Market - Global Industry Analysis, Size, Share, Growth Trends 2017 - 2025 ©2019 Transparency Market Research, All Rights Reserved
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©2019 Transparency Market Research, All Rights Reserved Global Battery Materials Market: Snapshot • In order to support sales, sagacious companies in the global battery materials market are expending time and money to develop products that can store more energy efficiently and for a longer period of time. • In keeping with the strict rules pertaining to environment protection, they are alsotrying tocome up with less polluting materials. • Sensing that high cost of battery materials, leading to expensive batteries, might deal a blow to their profitability in the long run, companies are also trying to create low cost effective materials. • All such trends are expected to boost the market significantly in the next couple of years. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Booming Automotive and Consumer Goods Sector Makes Application Segment of Secondary Batteries Dominant • Application-wise, the battery materials market can be split into primary batteries and secondary batteries. Of the two, the secondary batteriespulledinmaximum revenuein 2016. • Secondary batteries such as lithium ion, lead acid, and nickel metal hydride find use in automotive and consumer goods industries mostly. • On account of the two sectors expanding at a healthy clip in the past few years, secondary batteries’segment is expandingrapidlytoo. •
©2019 Transparency Market Research, All Rights Reserved Presence of Key Automobile Manufacturers Makes North America Dominant Market • From a geographical perspective, North America leads the battery materials market with maximum share. • Presence of key automotive manufacturers in the region along with environmental awareness and stringent regulations pertaining to harmful vehicular emissions which is generating a solid demand for battery-powered electric vehicles in the region is proving beneficial to the market. • This, in turn, is boosting the market for battery materials. The U.S. is at the forefront of driving the market in the region. ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Leading Players in Market • • • • • • • Mitsubishi Chemical Holdings Corporation BASF SE FMC Corporation Arkema SA Cabot Corporation Albemarle Corporation Ube Industries Limited ©2019 Transparency Market Research, All Rights Reserved
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