BIS Research Study Highlights the Global Lithium-Ion Battery Metals Market to Reach $286.08 billion by 2031

FREMONT, Calif., June 10, 2022 /PRNewswire/ -- The global lithium-ion battery metals market is projected to reach $286.08 billion in terms of revenue by 2031, at a CAGR of 34%, suggests the premium market intelligence study by BIS Research.

In recent years, Li-ion batteries have registered an exponential surge in demand from the automotive industry, with sales of electric vehicles (EVs) reaching record heights.

The growing sales of mobile phones, tablets, laptops, Internet-of-Things (IoT) devices, and other consumer electronics have also created a growing demand for Li-ion battery metals as Li-ion batteries are an essential part of consumer electronics in the world.

Several organizations, research institutes, and government agencies are working to introduce newer technologies into the global lithium-ion battery metals market.

The detailed study is a compilation of 164 market data tables and 40 figures spread through 283 pages and in-depth TOC on "Global Lithium-Ion Battery Metals Market – Analysis and Forecast, 2022-2031"

Demand – Drivers and Limitations

Following are the demand drivers for the lithium-ion battery metals market:

• Growing demand for lithium-ion batteries from the automotive industry
• Rising sales of consumer electronics products
• Favorable policies from the government to support the adoption of electric vehicles (EVs)

The market is expected to face some limitations too due to the following challenges:

• Fluctuations in metal prices
• Human rights issues related to cobalt mining in the Democratic Republic of Congo (DRC)

Reasons to Buy This Report

This exclusive report on the lithium-ion battery metals market will help you in the following ways:

• Critical analysis of all premium metals used in manufacturing lithium-ion batteries
• Evaluation of key start-ups in the global lithium-ion battery metals market
• Critical evaluation of the Ukraine-Russia conflict and its effect on the global lithium-ion battery metals market
• Snapshot of the global electric vehicle (EV) market
• Snapshot of the global lithium-ion battery recycling market
• Patent analysis for the patents filed related to the lithium-ion battery metals since January 1, 2020

Analyst's Take on the Market:

According to Shivam Priyadarshi, Principal Analyst, BIS Research, "The demand for lithium-ion battery metals is rising due to the growing sales of electric vehicles and rising demand for consumer electronics around the globe. Moreover, growing investment from the industry players toward the R&D of new cell chemistries and lithium-ion battery metals coupled with the adoption of lithium-ion batteries as energy storage systems is expected to propel the growth of the lithium-ion battery metals market during the forecast period."

View the report on Global Lithium-Ion Battery Metals Market

Key Companies Operating in the Market and Competitive Landscape

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Some prominent names established in this market are:

Company Type 1: Metal Suppliers

• Norilsk Nickel
• BHP
• Jiangxi Ganfeng Lithium Co., Ltd.
• Albemarle Corporation
• China Molybdenum Co., Ltd.
• Tianqi Lithium

Company Type 2: Cell Chemistry Suppliers

• Umicore
• L&F Corporation
• Nichia Corporation
• BASF TODA Battery Materials LLC
• Toda Kogyo Corporation

Companies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).

Who Should Buy This Report?

The companies offering metals, cell chemistries, anode materials, and cathode materials for lithium-ion batteries can buy the report. End users involved in automotive, especially electric vehicles, consumer electronics, power tools, and energy storage systems, can also buy the report.

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Key Questions Answered in the Report:

• What are the major factors and trends impacting the market for lithium-ion battery metals?
• How has COVID-19 impacted the lithium-ion battery metals market across the globe?
• How is the Ukraine-Russia conflict expected to affect the lithium-ion battery metals market in the near future, especially in the supply chain of lithium-ion battery? What are the steps taken by the key players to mitigate this situation?
• What are the steps taken by the existing players to improve their market positioning and some key strategies adopted by new players entering in market space?
• How is lithium-ion battery recycling expected to affect the lithium-ion battery metals market in the coming years? Does it have the potential to bridge the gap between the supply and demand for metals from the lithium-ion battery market?
• Which are the leading constituent metals, cell chemistries, and end-use applications in the market, and how are they going to perform in the coming years?
• What are the latest developments in various countries across the globe regarding the lithium-ion battery metals market and what are the consumption patterns, and how are they expected to evolve in the coming years?
• Are there any government regulations (regional/global) impacting the lithium-ion battery metals market? Moreover, what are some of the bottlenecks around the adoption across different regions and countries?

About BIS Research: 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals. 

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management. 

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape. 

BIS Healthcare vertical offers intelligence in the healthcare technology market for Medical Devices, Digital Health, Life Sciences, Robotics and Imaging, Information Technology, Precision Medicine, and other emerging healthcare technologies, covering the entire industry spectrum. In the past 5 years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating Top 25 Voices in Precision Medicine on its Insight Monk platform for the past two years successfully.  

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SOURCE BIS Research