Panasonic Sanyo (Japan), Automotive Energy Supply Corporation (AESC) (Japan), LG Chem. (South Korea), Samsung SDI Co., Ltd. (South Korea), Li-Tec Battery GmbH (Germany), Toshiba (Japan), A123 Systems (U.S.), GS Yuasa (Japan), SK Energy (South Korea), BYD (China), Sony Corporation (Japan), Beijing Pride Power (BPP) (China), BAK Group (China), Toshiba Corporation (Japan), Valence Technology, Inc.(U.S.), Hitachi Chemical Co. Ltd.(Japan), Johnson Controls, Inc.(U.S.), Saft Groupe SA (France), and TDK Corporation(Japan) are some of the prominent players at the forefront of competition in the Global Battery Material Market and are profiled in MRFR Analysis.
Battery Material Market – Overview
Battery Material Market is perceiving phenomenal accruals over the last few years; attributing to the increasing demand for high power and high capacity batteries/cells coupled with the market proliferation of portable devices and applications. Market penetration of smart devices such as Smart Phone has ensured the boosting growth of battery material market owing to the consumer demand for long-lasting and a durable battery that can run through a day without getting discharged out putting a stretched life. This has further prompted to the manufacturers to put in more efforts and funds to bring innovations to the conventional Battery Materials.
Accrediting the fabulous growth the Battery Material market is perceiving currently and the growth prospects the market is demonstrating, the Market Research Future recently published a meticulous study report giving out the complete market insights till 2021, according to which the global the Battery Material market is estimated to accrue enormously by 2021 registering a substantial CAGR during the forecast period 2016-2021.
Furthermore, augmented demand for smart devices and other consumer electronics is another major factor that fosters the growth of the global Battery Material market to an extent. Additionally, Key manufacturers are making significant investment in the field of R&D activities which in turn proves to be a strong market driving factor for Battery Material market. Moreover, burgeoning Automotive Sector owning to the constant need for batteries; provides large impetus to the Battery Material market growth escorting the market to ascending heights on the global platform. Also growing market proliferation of Electric Vehicles (EV) which run on batteries instead of fuel has ensured glorious growth promising a fortune for the Battery Material market. Increasing industrialization and Robotic Process Automation have changed the spectrum of business processing. These robots require strong battery backup power to complete the daily tasks. This further defines the future landscape of Battery Material market.
On the other hand, supply and cost volatility of Raw materials required is likely to hamper the market growth. However, improved economy that has raised consumer purchase affordability worldwide is expected to propel the market growth of Battery Material during the anticipated period allowing the market to continue to enjoy its heyday for 4 long years.
Recently, in November 2017, a team of researchers from the Department of Energy discovered the fastest, magnesium-ion solid-state conductor. This discovery would potentially upend the battery market in the future and also one that is highlighting the intensifying rush to search for alternatives to lithium-ion batteries. The team also tried to find a conductor that could become a less flammable alternative to electrolyte lithium-ion batteries and came up with a complex material with an even more complex name – Magnesium Scandium Selenide Spinel. The key ingredient in the mix was magnesium, which turned out to have mobility comparable to that of lithium ions in electrolyte batteries.
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This invention has potential to significantly restrict the growth of lithium ion battery consequently posing challenges to the lithium ion battery market growth. Right from the invention of Electrical Vehicles, the higher cost of lithium ion batteries is been a big issue to the growth of EV market, making the Electrical Vehicles costly, this factor is further restricting the mainstream adoption of EVs.
However, the MRFR experts say that with the advent of Magnesium Scandium Selenide Spinel (the invention mentioned above) costs of EV batteries will significantly drop by more than 50 percent to make them competitive with internal combustion engine cars. Competition from solid-state batteries would certainly help the cost-cutting drive. This shift is likely to happen by 2026.
Battery Material Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Battery Material appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Some of the other strategies adopted by vendors in the market include greater commercialization of their products, promotion initiatives through trade exhibitions, increased collaboration.
Industry/ Innovation/ Related News:
5 December 2017 – RENA Technologies, a German supplier of wet chemical processing equipment for the solar industry, declared teaming up with the Christian Albrecht University in Kiel (CAU) to develop a new manufacturing process for silicon anodes in lithium-ion batteries that leans on the similar inline techniques employed by RENA in the solar industry. The scalable production of silicon anodes is expected to boost Battery Material performance.
November 2017 – A team of scientists from China invented a strategy to avoid plunging battery kinetics. They designed a battery system with a cold-enduring hard-carbon anode and a powerful lithium-rich cathode, with the important initial lithiation step integrated the invention offers solution on the winter car starting issues. When it is cold in winter, cars tend to have starting problems. In case of electric cars it is even worst, that leads to inevitably lose capacity of their rechargeable lithium-ion batteries at freezing temperatures.
24 November 2017 – Sinochem International (Beijing) organization announced their plan, to invest 3 billion Yuan ($454 million) for new battery material project. The reason for this investment has been the growing popularity of electric vehicles in China.
November 2017 – The Samsung Advanced Institute of Technology (SAIT) developed a new battery material name as graphene ball. The new graphene ball battery material has feature of fast charging compare to any other battery. This material would be available in both mobile device and electronic vehicles in coming years. In its research, SAIT sought for an approach to apply graphene, a material with high strength and conductivity to batteries, and discovered a mechanism to mass synthesise graphene into a 3D form like popcorn using affordable silica (SiO2).
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Global Battery Material Market – Segment
The global Battery Material Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Product Type : Comprising Cathode, Anode, Electrolyte, Separators among others.
Segmentation by Application : Comprising Mobile, Laptop, Electronic Devices, Household, Automobiles and others.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Battery Material Market -Regional Analysis
The global Battery Material market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Globally North America market of Battery Material is growing due to the high battery consumption in electronic devices. The Europe market will also observe major demand in coming years, as the government it talking initiative to promote battery base electronic vehicles. Whereas, Asia Pacific is growing due to the emerging demand for high performances devices and smartphones.
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