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Battery Chemicals Market

Global Battery Chemicals Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Chemical Type Coverage, By Battery Type Coverage, By End-use Industry Coverage, By Geographic Coverage and Leading Companies)

Published Date: Oct 2023 | Format: | No. of Pages: 210

Industry: Chemicals & Materials | Author Name: Harshad

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FAQ : Battery Chemicals Market

The approximately US$72.9 Bn market for battery chemicals as of 2022 will possibly cross the US$130 Bn mark by the end of 2030.

3M Company, Sumitomo Metal Mining Co., Ltd., Cabot Corporation, Eastman Chemical Company, Asahi Kasei Corporation, and BASF SE are some of the industry leaders.

By end-use industry analysis, the automotive industry segment leads the battery chemicals market. Cathode continues to be the most preferred chemical type. Regional analysis of the market reveals the dominance of North America that will most likely prevail throughout the period projection.

The main factors identified to propel the expansion of the global battery chemicals market revenue include the increasing demand from the automotive industry, coupled with the growing need for sustainable energy solutions.

Yes, solid-state batteries are a transformative technology in the battery chemicals market. Unlike traditional liquid electrolyte batteries, solid conductive materials offer advantages such as higher energy density, faster charging, longer cycle life, and improved safety.
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