Battery Metals Market: By Metal Type (Lithium, Cobalt, Nickel Others) Application (Starter, Lighting, and Ignition (SLI), Electric Vehicles (EVs), Electronic Devices, Stationary Battery Energy Storage (BES) Others) and Geography
 

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Battery Metals Market size was valued at USD 33,152.3 million in 2021 and is expected to grow at a CAGR of 8.5% during the forecast period 2022 to 2028. 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.   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

2023-29

Base Year

2022

CAGR

8.5%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Battery Metals Market Drivers And Restraints

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share and forecast from 2022-2028
  • The report covers in-detail insights about the competitor’s 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 startup’s 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
  •  Lithium
  • Cobalt
  • Nickel
  • Others
Application
  •  Starter, Lighting, and Ignition (SLI)
  • Electric Vehicles (EVs)
  • Electronic Devices
  • Stationary Battery Energy Storage (BES)
  • Others

Frequently Asked Questions

The global battery metals market size is valued at USD 33,152.3 million in 2021 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028.

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, 2017 - 2021 and Forecast, 2022 - 2028
4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
5.1. Lithium
5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028
6.1. Starter, Lighting, and Ignition (SLI)
6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2022 - 2028
8. North America Battery Metals Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
8.1. By Metal Type Analysis 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028
8.5. North America Battery Metals Market Dynamics – Trends
9. Europe Battery Metals Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
9.1. By Metal Type Analysis 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028
9.5. Europe Battery Metals Market Dynamics – Trends
10. Asia-Pacific Battery Metals Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
10.1. By Metal Type Analysis 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028
10.5. Asia-Pacific Battery Metals Market Dynamics – Trends
11. Latin America Battery Metals Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
11.1. By Metal Type Analysis 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028
11.5. Latin America Battery Metals Market Dynamics – Trends
12. Middle East and Africa Battery Metals Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
12.1. By Metal Type Analysis 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028
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