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Lithium Ion Battery Materials Market is valued at USD 10.75 Billion in 2018 and expected to reach USD 16.14 Billion by 2025


Lithium Ion Battery Materials Market is valued at USD 10.75 Billion in 2018 and expected to reach USD 16.14 Billion by 2025 with a CAGR of 15.1% over the forecast period. Increasing demand of consumer electronics and portable devices is one of the key growth driving factor for the Global Lithium Ion Battery Materials Market                  

A lithium-ion battery is a type of rechargeable battery in which lithium ions move from the negative electrode to the positive electrode during discharge and back when charging. It uses an intercalated lithium compound as one electrode material, compared to the metallic lithium in a non-rechargeable lithium battery. It is commonly used as rechargeable batteries for portable electronics, due to its high energy density, tiny memory effect and low self-discharge. It has major applications in military, battery electric vehicle and aerospace sectors. The main component that is used commonly in these batteries is lithium cobalt oxide which offers high energy density but with safety risks. Lithium iron phosphate, lithium ion manganese oxide battery, and lithium nickel manganese cobalt oxide offer lower energy density but longer lives and less possibility of fire or explosion. Such batteries are widely used for electric tools, medical equipment, and other roles. The newer lithium–sulfur batteries promise the highest performance-to-weight ratio.

Lithium-Ion battery market is segmented on the basis of type, component, end-user and region & country level. On the basis of type, it is divided in to Lithium Nickel Manganese Cobalt, Lithium Iron Phosphate, Lithium Cobalt Oxide, Lithium Titanate Oxide, Lithium Manganese Oxide, and Lithium Nickel Cobalt Aluminum Oxide. By component the Lithium-Ion battery market is classified into Cathode, Anode, Electrolytic Solution and Others. On the basis of end-user the market is divided in to consumer electronics, marine, aerospace defense, medical, automotive, and industrial.

The regions covered in this Lithium-Ion battery market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Lithium Ion Battery Materials Marketis sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

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