Report ID: SQSG45J2019
Battery Metals Market Size, Share, Growth Analysis, By Metals Type(Lithium, Cobalt, Nickel, Others), By Application(Starter, lighting, ignition (SLI), Electric vehicles (EVs)), By Region - Industry Forecast 2024-2031
Report ID:
SQSG45J2019 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|
Tables:
68 |
Figures:
75
Battery Metals Market Regional Insights
Asia Pacific had an 87.7% revenue share of the market, dominating it. Over the course of the forecast, this tendency is anticipated to persist. China, which is the world's largest battery manufacturer, is responsible for this portion. China's ability to produce is due to its control of the supply chain. It supplies more than 20% of the world's supply of battery metals and accounts for around 80% of the global market for chemical manufacturing of battery-grade raw materials. Its dominance makes it the primary force behind the development of the global automotive sector following the COVID-19 pandemic.
North America was the second-largest regional segment in terms of revenue, with a share of the market for battery metals of more than 7%. The United States is the primary producer of batteries in the area, making it the main user of metals in North America. Production capacity in the nation is increasing as a result of rising EV sector demand. For instance, SK Innovation will begin operating its 9.8 GWh facility in Georgia in 2022. A second facility with a 10 GWh capacity would be built, the company said in response to the rising demand.
Battery Metals Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
