Home » Automotive & Transportation » Electric Vehicle Battery Materials Market

Electric Vehicle Battery Materials Market: Growth, Future Prospects & Competitive Analysis, 2015 – 2027

Summary
Table Of Content

Market Insights

The electric vehicle battery materials market is expected to cross-market value of USD 10,307.0 million in 2027 from USD 5,674.6 million in 2020. It is expected to grow at a CAGR of over 8.9% during the forecast period.

Key Market Drivers and Restraints

Growing demand for electric vehicle batteries is a factor expected to drive the growth of the global electric vehicle battery materials market. Advanced high-power lead-acid batteries are being developed, but these batteries are only used in commercially available electric-drive vehicles for ancillary loads. Also, technological advancements in EV battery materials have boosted the growth of the global electric vehicle battery materials market over the forecast period.

However, the high manufacturing cost of the battery materials is a factor expected to hamper the global electric vehicle battery materials market. The main challenges with nickel-metal hydride batteries are:

Their high cost.
High self-discharge and heat generation at high temperatures.
The need to control hydrogen loss.

Access crucial information at unmatched prices!

Request your sample report today & start making informed decisions powered by Credence Research!

Download Sample

The adoption of advanced Li-ion batteries and technological advancements are expected to create potential opportunities for the prominent manufacturers operating in the market.

Impact of COVID 19

The electric vehicle battery materials market will show considerable growth due to the global pandemic. However, due to the COVID-19 outbreak, a global or partial shutdown had a negative impact on the supply chain and product demand. In addition, the decrease in trading activities and transportation restrictions in this pandemic has impacted the market growth negatively and hampered its growth.

The Asia Pacific to Dominate the global electric vehicle battery materials market

The global electric vehicle battery materials market covers six regions: Europe, North America, Asia Pacific, Latin America (LATAM), Middle East, and Africa, including all the key economies in these regions. However, the Asia Pacific is dominated by the global market and accounts for more than 33.6% of the target market. This is attributed to increasing demand for the battery materials in electric vehicles and rising collaboration among players to enhance market penetration.

Lithium-ion batteries would continue to dominate the global electric vehicle battery materials market in terms of material type.

Lithium-ion, nickel-metal hydride, lead-acid, and solid-state batteries are the material type of electric vehicle battery materials market. In 2020, the lithium-ion batteries segment accounted for the largest share of the global electric vehicle battery materials market, owing to growing demand in the commercial and residential sectors.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Customize Now

Battery electric vehicle is the major segment in the global electric vehicle battery materials market in terms of vehicle type.

Battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and fuel cell electric vehicles are the vehicle type of electric vehicle battery materials market. In 2020, the battery electric vehicles segment accounted for the largest share of the global electric vehicle battery materials market.

Aftermarket is the major segment in Sales Channel’s global electric vehicle battery materials market.

Based on sales channels, the global electric vehicle battery materials market is segregated into original equipment manufacturer (OEM) and aftermarket. In 2020, the aftermarket segment accounted for a significant share 2020 of the global electric vehicle battery materials market.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Electric Vehicle Battery Materials Market

3.Market Dynamics
3.1.Introduction
3.1.1. Global Electric Vehicle Battery Materials Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Material Type
3.3.2.Vehicle Type
3.3.3.Sales Channel
3.3.4.Geography

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Electric Vehicle Battery Materials Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Electric Vehicle Battery Materials Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Electric Vehicle Battery Materials Market, by Material Type, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Air Cooling and Heating System
6.2.3.Nickel-Metal Hydride Batteries
6.2.4.Lead-Acid Batteries
6.2.5.Solid-State Batteries
6.3.North America Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Battery Electric Vehicles (BEVs)
6.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
6.3.4.Hybrid Electric Vehicles (HEVs)
6.3.5.Fuel Cell Electric Vehicles
6.4.North America Electric Vehicle Battery Materials Market, By Sales Channel, 2015-2027(US$ Bn)
6.4.1.Overview
6.4.2.Original Equipment Manufacturer (OEM)
6.4.3.Aftermarket

7.Europe
7.1.Europe Electric Vehicle Battery Materials Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Electric Vehicle Battery Materials Market, by Material Type, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Air Cooling and Heating System
7.2.3.Nickel-Metal Hydride Batteries
7.2.4.Lead-Acid Batteries
7.2.5.Solid-State Batteries
7.3.Europe Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Battery Electric Vehicles (BEVs)
7.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
7.3.4.Hybrid Electric Vehicles (HEVs)
7.3.5.Fuel Cell Electric Vehicles
7.4.Europe Electric Vehicle Battery Materials Market, By Sales Channel, 2015-2027(US$ Bn)
7.4.1.Overview
7.4.2.Original Equipment Manufacturer (OEM)
7.4.3.Aftermarket

8.Asia Pacific
8.1.Asia Pacific Electric Vehicle Battery Materials Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Electric Vehicle Battery Materials Market, by Material Type, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Air Cooling and Heating System
8.2.3.Nickel-Metal Hydride Batteries
8.2.4.Lead-Acid Batteries
8.2.5.Solid-State Batteries
8.3.Asia Pacific Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Battery Electric Vehicles (BEVs)
8.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
8.3.4.Hybrid Electric Vehicles (HEVs)
8.3.5.Fuel Cell Electric Vehicles
8.4.Asia Pacific Electric Vehicle Battery Materials Market, By Sales Channel, 2015-2027(US$ Bn)
8.4.1.Overview
8.4.2.Original Equipment Manufacturer (OEM)
8.4.3.Aftermarket

9.Latin America
9.1.Latin America Electric Vehicle Battery Materials Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Electric Vehicle Battery Materials Market, by Material Type, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Air Cooling and Heating System
9.2.3.Nickel-Metal Hydride Batteries
9.2.4.Lead-Acid Batteries
9.2.5.Solid-State Batteries
9.3.Latin America Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Battery Electric Vehicles (BEVs)
9.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
9.3.4.Hybrid Electric Vehicles (HEVs)
9.3.5.Fuel Cell Electric Vehicles
9.4.Latin America Electric Vehicle Battery Materials Market, By Sales Channel, 2015-2027(US$ Bn)
9.4.1.Overview
9.4.2.Original Equipment Manufacturer (OEM)
9.4.3.Aftermarket

10.Middle East
10.1.Middle East Electric Vehicle Battery Materials Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Electric Vehicle Battery Materials Market, by Material Type, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Air Cooling and Heating System
10.2.3.Nickel-Metal Hydride Batteries
10.2.4.Lead-Acid Batteries
10.2.5.Solid-State Batteries
10.3.Middle East Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Battery Electric Vehicles (BEVs)
10.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
10.3.4.Hybrid Electric Vehicles (HEVs)
10.3.5.Fuel Cell Electric Vehicles
10.4.Middle East Electric Vehicle Battery Materials Market, By Sales Channel, 2015-2027(US$ Bn)
10.4.1.Overview
10.4.2.Original Equipment Manufacturer (OEM)
10.4.3.Aftermarket

11.Africa
11.1.Africa Electric Vehicle Battery Materials Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Electric Vehicle Battery Materials Market, by Material Type, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Air Cooling and Heating System
11.2.3.Nickel-Metal Hydride Batteries
11.2.4.Lead-Acid Batteries
11.2.5.Solid-State Batteries
11.3.Africa Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Battery Electric Vehicles (BEVs)
11.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
11.3.4.Hybrid Electric Vehicles (HEVs)
11.3.5.Fuel Cell Electric Vehicles
11.4.Africa Electric Vehicle Battery Materials Market, By Sales Channel, 2015-2027(US$ Bn)
11.4.1.Overview
11.4.2.Original Equipment Manufacturer (OEM)
11.4.3.Aftermarket

12.Global
12.1.Global Electric Vehicle Battery Materials Market, by Material Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Air Cooling and Heating System
12.1.3.Nickel-Metal Hydride Batteries
12.1.4.Lead-Acid Batteries
12.1.5.Solid-State Batteries
12.2.Global Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Battery Electric Vehicles (BEVs)
12.2.3.Plug-In Hybrid Electric Vehicles (PHEVs)
12.2.4.Hybrid Electric Vehicles (HEVs)
12.2.5.Fuel Cell Electric Vehicles
12.3.Global Electric Vehicle Battery Materials Market, By Sales Channel, 2015-2027(US$ Bn)
12.3.1.Overview
12.3.2.Original Equipment Manufacturer (OEM)
12.3.3.Aftermarket

13.Company Profiles
13.1.Asahi Kasei Corporation
13.2.LG Chem
13.3.Mitsubishi Chemical Holdings
13.4.BASF SE
13.5.Samsung SDI Co.
13.6.Contemporary Amperex Material Type Co. Limited (CATL)
13.7.BYD Auto Co., Ltd.
13.8.Hitachi, Ltd.
13.9.Kureha Corporation
13.10.The Dow Chemical Company
Others

List of Figures

List of Figures
FIG. 1Global Electric Vehicle Battery Materials Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Electric Vehicle Battery Materials Market Segmentation
FIG. 4Global Electric Vehicle Battery Materials Market, by Material Type, 2019 (US$ Bn)
FIG. 5Global Electric Vehicle Battery Materials Market, by Vehicle Type, 2019 (US$ Bn)
FIG. 6Global Electric Vehicle Battery Materials Market, by Sales Channel, 2019 (US$ Bn)
FIG. 7Global Electric Vehicle Battery Materials Market, by Geography, 2019 (US$ Bn)
FIG. 8Attractive Investment Proposition, by Geography, 2019
FIG. 9Global Market Positioning of Key Electric Vehicle Battery Materials Market Manufacturers, 2019
FIG. 10Global Electric Vehicle Battery Materials Market Value Contribution, By Material Type, 2019 & 2027 (Value %)
FIG. 11Global Electric Vehicle Battery Materials Market Value Contribution, By Vehicle Type, 2019 & 2027 (Value %)
FIG. 12Global Electric Vehicle Battery Materials Market Value Contribution, By Sales Channel, 2019 & 2027 (Value %)
FIG. 13U.S. Electric Vehicle Battery Materials Market, 2015-2027 (US$ Bn)
FIG. 14Rest of North America Electric Vehicle Battery Materials Market, 2015-2027 (US$ Bn)
FIG. 15U.K. Electric Vehicle Battery Materials Market, 2015-2027 (US$ Bn)
FIG. 16Germany Electric Vehicle Battery Materials Market, 2015-2027 (US$ Bn)
FIG. 17France Electric Vehicle Battery Materials Market, 2015-2027 (US$ Bn)
FIG. 18Rest of Europe Electric Vehicle Battery Materials Market, 2015-2027 (US$ Bn)
FIG. 19Japan Electric Vehicle Battery Materials Market, 2015-2027 (US$ Bn)
FIG. 20China Electric Vehicle Battery Materials Market, 2015-2027 (US$ Bn)
FIG. 21India Electric Vehicle Battery Materials Market, 2015-2027 (US$ Bn)
FIG. 22Rest of Asia Pacific Electric Vehicle Battery Materials Market, 2015-2027 (US$ Bn)
FIG. 23Middle East & Africa Electric Vehicle Battery Materials Market, 2015-2027 (US$ Bn)
FIG. 24Latin America Electric Vehicle Battery Materials Market, 2015-2027 (US$ Bn)

List of Tables

List of Tables
TABLE 1Market Snapshot: Global Electric Vehicle Battery Materials Market
TABLE 2Global Electric Vehicle Battery Materials Market, by Material Type, 2015-2027 (US$ Bn)
TABLE 3Global Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 4Global Electric Vehicle Battery Materials Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 5Global Electric Vehicle Battery Materials Market, by Geography, 2015-2027 (US$ Bn)
TABLE 6North America Electric Vehicle Battery Materials Market, by Material Type, 2015-2027 (US$ Bn)
TABLE 7North America Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 8North America Electric Vehicle Battery Materials Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 9North America Electric Vehicle Battery Materials Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 10Europe Electric Vehicle Battery Materials Market, by Material Type, 2015-2027 (US$ Bn)
TABLE 11Europe Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 12Europe Electric Vehicle Battery Materials Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 13Europe Electric Vehicle Battery Materials Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 14Asia Pacific Electric Vehicle Battery Materials Market, by Material Type, 2015-2027 (US$ Bn)
TABLE 15Asia Pacific Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 16Asia Pacific Electric Vehicle Battery Materials Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 17Asia Pacific Electric Vehicle Battery Materials Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 18Latin America Electric Vehicle Battery Materials Market, by Material Type, 2015-2027 (US$ Bn)
TABLE 19Latin America Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 20Latin America Electric Vehicle Battery Materials Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 21Latin America Electric Vehicle Battery Materials Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 22Middle East Electric Vehicle Battery Materials Market, by Material Type, 2015-2027 (US$ Bn)
TABLE 23Middle East Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 24Middle East Electric Vehicle Battery Materials Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 25Middle East Electric Vehicle Battery Materials Market, by Shape, 2015-2027 (US$ Bn)
TABLE 26Middle East Electric Vehicle Battery Materials Market, by Application, 2015-2027 (US$ Bn)
TABLE 27Middle East Electric Vehicle Battery Materials Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 28Africa Electric Vehicle Battery Materials Market, by Material Type, 2015-2027 (US$ Bn)
TABLE 29Africa Electric Vehicle Battery Materials Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 30Africa Electric Vehicle Battery Materials Market, by Sales Channel, 2015-2027 (US$ Bn)
TABLE 31Africa Electric Vehicle Battery Materials Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 32Asahi Kasei Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33LG Chem: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34Mitsubishi Chemical Holdings: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35BASF SE: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 36Samsung SDI Co.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 37Contemporary Amperex Material Type Co. Limited (CATL): Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 38BYD Auto Co., Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 39Hitachi, Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 40Kureha Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 41The Dow Chemical Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 42Others: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

What is the size of Electric Vehicle Battery Materials Market?

The market for Electric Vehicle Battery Materials is expected to reach US$ 6.56 Bn in 2028.

What is the Electric Vehicle Battery Materials Market CAGR?

The Electric Vehicle Battery Materials market is expected to see significant CAGR growth over the coming years, at 15.0%.

What is the Forecast period considered for Electric Vehicle Battery Materials Market?

The report is forecasted from 2019-2027.

What is the base year considered for Electric Vehicle Battery Materials Market?

The base year of this report is 2021.

Who are the major players in this market?

Capgemini S.A., EMC Corporation, Hitachi, Ltd., Hewlett-Packard, IBM Corporation, Newgen Software, Inc., Cisco Systems, Inc., SAP SE, SAS Institute, Tata Consultancy Services Ltd. are some of the major players in the global market.

About Author

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

View Profile

Reviewed By
Gunakesh Parmar

Research Consultant

With over 15 years of dedicated experience in market research since 2009, specializes in delivering actionable insights from data.

View Profile

Purchase Options

Single User

$4699

Multi User

$5699

Custom Report

$12699

Let us help you

WILLIAM, North America

+1 304 308 1216

KEITH PHILLIPS, Europe

+44 7809 866 263

LEE VALLANCE, Asia Pacific

+64 22 017 0275

EMAIL US

Request Sample

Report delivery within 24 to 48 hours

– Other Info –

–What people say?-

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –