- Lithium
- Cobalt
- Nickel
- Others
Battery Metals Market size was valued at USD 33,152.3 million in 2022 and is expected to grow at a CAGR of 8.5% from 2023 to 2029. The report provides a detailed overview of the market, which can be segmented by Metal Type and by Application. By metal type, the global battery metals market has been segmented into Lithium, Cobalt, Nickel Others. The lithium Battery metals segment is likely to be the largest and fastest-growing segment in terms of metal type. Based on application, the global battery metals market is segmented into Starter, Lighting, and Ignition (SLI), Electric Vehicles (EVs), Electronic Devices, Stationary Battery Energy Storage (BES) Others. Among these, the Lighting segment is expected to have the fastest-growing market during the forecast period 2022-2028.
Battery Metals Market Key Development:
- In Oct 2019, KORE Power made plans to construct a 10 GWh lithium-ion battery manufacturing facility in the United States for the Mark 1 energy storage system.
Battery Metals Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
8.5%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Battery Metals Market Dynamics
An increase in demand for consumer electronic devices such as smartphones, tablets, and laptops is driving the growth of the global market for battery metals, and a surge in the demand for battery metals from the sector of electronic vehicles. Additionally, the market for battery metals is anticipated to increase quickly due to the rapid development of the renewable energy and electric car industries.
North-America Got Significant Share
Battery Metals Market Regional Analysis
By region, North America is expected to witness the highest market share during the forecast period due to rise in demand for smart gadgets in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share and forecast from 2023-2029
- The report covers in-detail insights about the competitors overview, key findings and their key strategies
- The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
- The report tracks recent innovations, key developments and startups details that are working in the industry
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
Battery Metals Market Segmentation
By Metal Type
By Application
- Â Starter, Lighting, and Ignition (SLI)
- Electric Vehicles (EVs)
- Electronic Devices
- Stationary Battery Energy Storage (BES)
- Others
By Geography
- Latin America
- Europe
- Asia Pacific
- Middle East
- North America
Frequently Asked Questions
The global battery metals market size was valued at USD 33,152.3 million in 2022 and is expected to grow at a prominent growth rate during the forecast period 2023 to 2029.
One disadvantage of batteries is their waste, which is anticipated to restrict the growth of the market for battery metals.
The key market players in the battery metals market are Albemarle, China Molybdenum Co., Kore power, Exotel, Ltd.; Ganfeng Lithium Co. Ltd., Glencore; Sumitomo Metal Mining, Umicore, and Vale.
| 1. Executive Summary |
| 2. Global Battery Metals Market Introduction |
| 2.1. Global Battery Metals Market - Taxonomy |
| 2.2. Global Battery Metals Market -Definitions |
| 2.2.1. Metal Type |
| 2.2.2. Application |
| 3. Global Battery Metals Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Battery Metals Market Dynamic Factors - Impact Analysis |
| 3.6. Global Battery Metals Market - Competition Landscape |
| 4. Global Battery Metals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Battery Metals Market, By Metal Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Lithium |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Cobalt |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Nickel |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Battery Metals Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 |
| 6.1. Starter, Lighting, and Ignition (SLI) |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Electric Vehicles (EVs) |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electronic Devices |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Stationary Battery Energy Storage (BES) |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Battery Metals Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Battery Metals Market - Opportunity Analysis Index, By Metal Type, Application, and Region, 2023 - 2029 |
| 8. North America Battery Metals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. By Metal Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Lithium |
| 8.1.2. Cobalt |
| 8.1.3. Nickel |
| 8.1.4. Others |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Starter, Lighting, and Ignition (SLI) |
| 8.2.2. Electric Vehicles (EVs) |
| 8.2.3. Electronic Devices |
| 8.2.4. Stationary Battery Energy Storage (BES) |
| 8.2.5. Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Battery Metals Market - Opportunity Analysis Index, By Metal Type, Application, and Country, 2023 - 2029 |
| 8.5. North America Battery Metals Market Dynamics - Trends |
| 9. Europe Battery Metals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. By Metal Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Lithium |
| 9.1.2. Cobalt |
| 9.1.3. Nickel |
| 9.1.4. Others |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Starter, Lighting, and Ignition (SLI) |
| 9.2.2. Electric Vehicles (EVs) |
| 9.2.3. Electronic Devices |
| 9.2.4. Stationary Battery Energy Storage (BES) |
| 9.2.5. Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Battery Metals Market - Opportunity Analysis Index, By Metal Type, Application, and Country, 2023 - 2029 |
| 9.5. Europe Battery Metals Market Dynamics - Trends |
| 10. Asia-Pacific Battery Metals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. By Metal Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Lithium |
| 10.1.2. Cobalt |
| 10.1.3. Nickel |
| 10.1.4. Others |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Starter, Lighting, and Ignition (SLI) |
| 10.2.2. Electric Vehicles (EVs) |
| 10.2.3. Electronic Devices |
| 10.2.4. Stationary Battery Energy Storage (BES) |
| 10.2.5. Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Battery Metals Market - Opportunity Analysis Index, By Metal Type, Application, and Country, 2023 - 2029 |
| 10.5. Asia-Pacific Battery Metals Market Dynamics - Trends |
| 11. Latin America Battery Metals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. By Metal Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Lithium |
| 11.1.2. Cobalt |
| 11.1.3. Nickel |
| 11.1.4. Others |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Starter, Lighting, and Ignition (SLI) |
| 11.2.2. Electric Vehicles (EVs) |
| 11.2.3. Electronic Devices |
| 11.2.4. Stationary Battery Energy Storage (BES) |
| 11.2.5. Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Battery Metals Market - Opportunity Analysis Index, By Metal Type, Application, and Country, 2023 - 2029 |
| 11.5. Latin America Battery Metals Market Dynamics - Trends |
| 12. Middle East and Africa Battery Metals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. By Metal Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Lithium |
| 12.1.2. Cobalt |
| 12.1.3. Nickel |
| 12.1.4. Others |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Starter, Lighting, and Ignition (SLI) |
| 12.2.2. Electric Vehicles (EVs) |
| 12.2.3. Electronic Devices |
| 12.2.4. Stationary Battery Energy Storage (BES) |
| 12.2.5. Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Battery Metals Market - Opportunity Analysis Index, By Metal Type, Application, and Country, 2023 - 2029 |
| 12.5. MEA Battery Metals Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Glencore International AG |
| 13.2.2. Albemarle Corporation |
| 13.2.3. Sumitomo Metal Mining Co., Ltd. |
| 13.2.4. Umicore |
| 13.2.5. Tianqi Lithium |
| 13.2.6. Vale |
| 13.2.7. China Molybdenum Co., Ltd. |
| 13.2.8. SQM S.A. |
| 13.2.9. Gan Feng Li Industrial Co., Ltd. |
| 13.2.10. Norilsk Nickel |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- Glencore International AG
- Albemarle Corporation
- Sumitomo Metal Mining Co., Ltd.
- Umicore
- Tianqi Lithium
- Vale
- China Molybdenum Co., Ltd.
- SQM S.A.
- Gan Feng Li Industrial Co., Ltd.
- Norilsk Nickel