The Asian economies have been hit hard due to the pandemic. The governments of various Asia-Pacific economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdown, which has a direct impact upon the growth of industrial sectors. In India many electric vehicle manufacturers had struggled to source lithium-ion batteries. China is a major supplier of lithium-ion cells to India apart from South Korea and Taiwan. Moreover, supply constraints have significantly raised costs of battery metals. Prices of battery-grade lithium carbonate had also gone up. The COVID-19 pandemic had a great impact on consumer electronics market in China. In China, there was a larger decline in the sales of electric vehicles in February 2020. However, the sales of electric cars rebounded strongly in April 2020.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific battery metals market. The Asia Pacific battery metals market is expected to grow at a good CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 10192.9 Million |
| Market Size by 2028 | US$ 24354.5 Million |
| CAGR (2021 - 2028) | 13.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Battery Metals Market is valued at US$ 10192.9 Million in 2021, it is projected to reach US$ 24354.5 Million by 2028.
As per our report Asia Pacific Battery Metals Market, the market size is valued at US$ 10192.9 Million in 2021, projecting it to reach US$ 24354.5 Million by 2028. This translates to a CAGR of approximately 13.3% during the forecast period.
The Asia Pacific Battery Metals Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Battery Metals Market report:
The Asia Pacific Battery Metals Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Battery Metals Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Battery Metals Market value chain can benefit from the information contained in a comprehensive market report.
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