Lithium Metal Polymer Battery Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Lithium Metal Polymer Battery Market grew at a CAGR of 13.4% between 2017-2021 and is estimated to be US$ 1,432.9 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 17.2% and is expected to reach a valuation of US$ 7,006.4 Mn by 2032 end.
Major uses for lithium-ion batteries include communications, aircraft, and the integration of renewable energy with grid technologies. Due to its ability to store the highest amount of power generating capacity in a tiny and lightweight package, lithium-ion batteries are becoming more and more popular.
ChemView Consulting has analyzed that the growing advancement in battery technologies in terms of efficiency is expected to propel the market growth of Li-ion batteries. These batteries are lightweight and environmentally friendly which makes them an ideal source of power in electronic appliances.
These batteries can last more than 500 repeated charges and discharges. Furthermore, the Li-ion battery maintains its full capacity even after a partial recharge. Thus increasing advancement in the battery technologies projected to propel the market growth.
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Segments Covered in Report
By Material:
- Cathode Material
- Cathode Material for Lithium-Ion Batteries
- Lithium iron phosphate
- Lithium iron cobalt oxide
- Lithium nickel manganese cobalt
- Lithium nickel cobalt aluminum
- Lithium manganese oxide
- Anode Materials
- Anode Material for Lithium-Ion Batteries
- Natural graphite
- Artificial graphite
- Another anode material
- Electrolyte Material
- Separator Material
- Current collector Materials
- Other Materials
- Anode Material for Lithium-Ion Batteries
- Cathode Material for Lithium-Ion Batteries
By Product Type:
- Components of Lithium-ion Battery
- Cells
- Battery Packs
- Portability
- Stationary
- Portable
By Voltage:
- Low (Below 12 V)
- Medium (12 V-36 V)
- High (Above 36 V)
By Power Capacity:
- 0 to 3000mAh
- 3000mAh to 10000mAh
- 10000mAh to 60000mAh
- More than 60000mAh
By End-Use Industry
- Consumer Electronics
- Smartphones
- UPS
- Laptops
- Others
- Automotive
- Plug-in Hybrid Vehicles
- Aerospace
- Commercial Aircraft
- Marine
- Commercial
- Tourism
- Medical
- Industrial
- Mining Equipment
- Construction Equipment
- Forklifts, automated guided vehicles (AGV), and automated mobile robots (AMR)
- Power
- Telecommunications
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Lithium Metal Polymer Battery Market
- Based on the End-Use Industry , Lithium-ion battery metals market is led by automotive industry with a 0% share in 2021. Rising EV sales and announcements from key automotive companies such as Ford, General Motors, and Tesla are driving the growth of the lithium-ion battery metals market
- Based on the Material, Cobalt metal is the dominant metal of the Li-ion battery market. The cobalt metal market is dominated by demand for NMC cell chemistry type batteries due to the high price of the metal and growing demand for NMC cell chemistry type batteries.
- Based on Region, the North America market held a sizeable revenue share of 30.5% in 2021. The development of favorable government policies such as R&D tax incentives, etc., will also drive the demand for lithium-ion battery metals in North America during the forecast period.
Competition Summary
Key companies covered in the market study are Johnson Controls, BYD Company Ltd., Duracell Inc., Hitachi, Ltd., LG Chem, Panasonic Corporation, Renault Group, Samsung SDI Co., Ltd., Tesla, TOSHIBA CORPORATION
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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