North America Battery Material Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Anode, Cathode, Electrolyte, Binders, Coatings, and Others), Application (Primary Batteries and Secondary Batteries), and End User (Transportation, Consumer Electronics, and Industrial)
Market Introduction
The North America battery material market is driven by the growing demand for electric vehicles and rising demand for consumer electronic products. Manufacturers are focusing on new product developments to meet the growing requirement from the electronic and gadgets segment.
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Market Overview and Dynamics
The North America battery material market is expected to grow from US$ 5,620.44 million in 2021 to US$ 9,366.00 million by 2028; it is expected to grow at a CAGR of 7.7% from 2022 to 2028.
Electric vehicles have enhanced energy security. Also, they help reduce reliance on crude oil, maintain better air quality, and lower greenhouse gas emission. Therefore, electric vehicles are a better choice than internal combustion engine vehicles to maintain the air pollution level majorly from the industrial and automotive sectors. Electric vehicles are therefore, emerging as the preferred clean technology for future mobility. Advancements, especially in battery and charging technology, are expected to reduce costs. Falling battery prices, increasing charging infrastructure, and supply chain localization are among the factors driving the demand for EVs.
Key Market Segments
Based on end user, the North America battery material market is segmented into transportation, consumer electronics, and industrial. The transportation segment held the largest market share in 2021. Li-ion batteries, nickel-metal hydride (NiMH) batteries, and lead-acid batteries are the types of rechargeable batteries recognized by automobile manufacturers as suitable for electric cars. In recent years, lithium-ion batteries have become popular for powering electric and hybrid cars. Increasing demand for electric vehicles in North America positively impacts the battery material market growth.
Based on application, the North America battery material market is segmented into primary batteries and secondary batteries. The secondary batteries segment held a larger market share in 2021. A secondary cell or battery can be electrically recharged after its use to the original pre-discharge condition. It can be discharged and recharged many times. These batteries have high power density and high discharge rate, and it is used as an energy-storage device. Secondary batteries are used in car batteries to start the engine, aircraft systems, and standby power resources. These batteries are also used in electric vehicles, mobile phones, cameras, power tools, toys, and portable computers.
Major Sources and Companies Listed
A few major primary and secondary sources referred to while preparing the report on the North America battery material market are paid databases (factiva), publications, hoovers, investor presentations, newsletter, sec archives, annual reports, and other information available in public domain. BASF SE, CABOT CORPORATION, Targray Technology International Inc., American Elements, NEI Corporation, Asahi Kasei Corporation, Albemarle Corporation, Solvay S.A., Arkema, PPG Industries Inc., Mitsubishi Chemical Corporation, Electra Battery Materials, Ashland Global Holdings Inc., Ube Corporation, and Pyrotex are among the major players operating in the North America battery material market. The market players are constantly focusing on strategies, such as investments in research and development activities and expansion. Players operating in North America battery material market are highly focused on the development of high quality and innovative product offerings to fulfil the customer’s requirements.
Reasons to buy report
- Progressive industry trends in North America battery material market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of North America battery material market from 2020 to 2028
- Estimation of the demand for battery materials across various industries in North America
- Recent developments to understand the competitive market scenario and the demand for battery materials in North America
- Market trends and outlook coupled with factors driving and restraining the growth of North America battery materials market.
- Decision-making process by understanding strategies that underpin commercial interest with regard to North America battery material market growth
- North America battery material market size at various nodes of market
- Detailed overview and segmentation of the market as well as its dynamics in the industry
- North America battery material market size in various regions with promising growth opportunities
North America Battery Material Market Segmentation
Material
- Anode
- Natural Graphite
- Synthetic Graphite
- Others
- Cathode
- Lithium Nickel Cobalt Manganese Oxide (NMC)
- Lithium Cobalt Oxide (LCO)
- Lithium Iron Phosphate (LFP)
- Lithium Manganese Oxide (LMO)
- Lithium Nickel Cobalt Aluminium Oxide (NCA) and Others
- Electrolyte
- Binders
- Coatings
- Others
Application
- Primary Batteries
- Secondary Batteries
End User
- Transportation
- Consumer Electronics
- Industrial
Company Profiles
- BASF SE
- CABOT CORPORATION
- Targray Technology International Inc.
- American Elements
- NEI Corporation
- Asahi Kasei Corporation
- Albemarle Corporation
- Solvay S.A.
- Arkema
- PPG Industries Inc.
- Mitsubishi Chemical Corporation
- Electra Battery Materials
- Ashland Global Holdings Inc.
- Ube Corporation
- Pyrotex
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Battery Material Market, by Material
1.3.2 North America Battery Material Market, by Application
1.3.3 North America Battery Material Market, by End User
1.3.4 North America Battery Material Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Battery Material Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors
4.3.4 End-User
4.4 Expert Opinion
5. North America Battery Material Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing demand for Electric Vehicle
5.1.2 Growing demand for Electronic Industry
5.2 Market Restraints
5.2.1 Environmental concern on battery recycling
5.3 Market Opportunities
5.3.1 Rising Focus of Manufactures towards New Product Development
5.4 Future Trends
5.4.1 High demand for Electronic Gadgets
5.5 Impact Analysis
6. North America Battery Material –Market Analysis
6.1 North America Battery Material Market Overview
6.2 North America Battery Material Market –Revenue and Forecast to 2028 (US$ Mn)
6.3 Market Positioning –Regional Market Players
6.4 List of Coating Manufacturers
6.5 List of Cell Assembly Manufacturers
6.6 List of Module Assembly Manufacturers
6.7 List of Pack Assembly Manufacturers
7. Battery Material Market Analysis – By Material
7.1 Overview
7.2 Battery Material Market, By Material (2020 and 2028)
7.3 Anode
7.3.1 Overview
7.3.2 Anode: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Natural Graphite
7.3.3.1 Overview
7.3.3.2 Natural Graphite: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.3.4 Synthetic Graphite
7.3.4.1 Overview
7.3.4.2 Synthetic Graphite: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.3.5 Others
7.3.5.1 Overview
7.3.5.2 Others: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Cathode
7.4.1 Overview
7.4.2 Cathode: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Lithium Nickel Cobalt Manganese Oxide (NMC)
7.4.3.1 Overview
7.4.3.2 Lithium Nickel Cobalt Manganese Oxide (NMC): Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.4.4 Lithium Cobalt Oxide (LCO)
7.4.4.1 Overview
7.4.4.2 Lithium Cobalt Oxide (LCO): Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.4.5 Lithium Iron Phosphate (LFP)
7.4.5.1 Overview
7.4.5.2 Lithium Iron Phosphate (LFP): Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.4.6 Lithium Manganese Oxide (LMO)
7.4.6.1 Overview
7.4.6.2 Lithium Manganese Oxide (LMO): Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.4.7 Lithium Nickel Cobalt Aluminium Oxide (NCA) and Others
7.4.7.1 Overview
7.4.7.2 Lithium Nickel Cobalt Aluminium Oxide (NCA) and Others: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Electrolyte
7.5.1 Overview
7.5.2 Electrolyte: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Binders
7.6.1 Overview
7.6.2 Binders: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.7 Coatings
7.7.1 Overview
7.7.2 Coatings: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 Others: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
8. Battery Material Market Analysis – By Application
8.1 Overview
8.2 Battery Material Market, By Application (2020 and 2028)
8.3 Primary Batteries
8.3.1 Overview
8.3.2 Primary Batteries: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Secondary Batteries
8.4.1 Overview
8.4.2 Secondary Batteries: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
9. Battery Material Market Analysis – By End User
9.1 Overview
9.2 Battery Material Market, By End User (2020 and 2028)
9.3 Transportation
9.3.1 Overview
9.3.2 Transportation: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
9.4 Consumer Electronics
9.4.1 Overview
9.4.2 Consumer Electronics: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
9.5 Industrial
9.5.1 Overview
9.5.2 Industrial: Battery Material Market – Revenue and Forecast to 2028 (US$ Mn)
10. Battery Material Market – Geographic Analysis
10.1 North America: Battery Material Market
10.1.1 North America: Battery Material Market –Revenue and Forecast to 2028 (US$ Million)
10.1.2 North America: Battery Material Market, by Key Country
10.1.2.1 US: Battery Material Market –Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 US: Battery Material Market, by Material
10.1.2.1.2 US: Battery Material Market, by Application
10.1.2.1.3 US: Battery Material Market, by End User
10.1.2.2 Canada: Battery Material Market –Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 Canada: Battery Material Market, by Material
10.1.2.2.2 Canada: Battery Material Market, by Application
10.1.2.2.3 Canada: Battery Material Market, by End User
10.1.2.3 Mexico: Battery Material Market –Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.1 Mexico: Battery Material Market, by Material
10.1.2.3.2 Mexico: Battery Material Market, by Application
10.1.2.3.3 Mexico: Battery Material Market, by End User
11. Impact of COVID-19 Pandemic on North America Battery Material Market
11.1 Overview – Impact of COVID-19
11.2 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Partnership
12.3 Expansion
12.4 Product Launch
12.5 Merger and Acquisitions
12.6 Joint Venture
13. Company Profiles
13.1 CABOT CORPORATION
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Targray Technology International Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 American Elements
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 NEI Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 BASF SE
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Asahi Kasei Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Albemarle Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Solvay S.A.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Arkema
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 PPG Industries Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Mitsubishi Chemical Corporation
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Electra Battery Materials
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 Ashland Global Holdings Inc.
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Ube Corporation
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 Pyrotex
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Battery Material Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. North America Battery Material Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Battery Material Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Battery Material Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Battery Material Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Battery Material Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Battery Material Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Battery Material Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Battery Material Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Battery Material Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Battery Material Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 12. Glossary of Terms, North America Battery Materials Market
LIST OF FIGURES
Figure 1. North America Battery Material Market Segmentation
Figure 2. North America Battery Material Market Segmentation – By Country
Figure 3. North America Battery Material Market Overview
Figure 4. North America Battery Material Market, By End User
Figure 5. North America battery material Market, by Geography
Figure 6. North America Battery Material Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem: North America Battery Material Market
Figure 9. Expert Opinion
Figure 10. North America Battery Material Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of North America Battery Material Market
Figure 12. North America battery material Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Battery Material Market Revenue Share, By Material (2020 and 2028)
Figure 14. Anode: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Natural Graphite: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Synthetic Graphite: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Others: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. Cathode : Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Lithium Nickel Cobalt Manganese Oxide (NMC): Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Lithium Cobalt Oxide (LCO): Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Lithium Iron Phosphate (LFP): Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Lithium Manganese Oxide (LMO): Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Lithium Nickel Cobalt Aluminium Oxide (NCA) and Others: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 24. Electrolyte: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Binders: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 26. Coatings: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 27. Others: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 28. Battery Material Market Revenue Share, By Application (2020 and 2028)
Figure 29. Primary Batteries: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 30. Secondary Batteries: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 31. Battery Material Market Revenue Share, By End User (2020 and 2028)
Figure 32. Transportation: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 33. Consumer Electronics: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 34. Industrial: Battery Material Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 35. North America: Battery Material Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. North America: Battery Material Market Revenue Share, by Key Country (2020 and 2028)
Figure 37. US: Battery Material Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Canada: Battery Material Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Mexico: Battery Material Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Impact of COVID-19 Pandemic on Battery Metals Market in North America
- Cabot Corporation
- Targray Technology International Inc.
- American Elements
- Nei Corporation
- BASF SE
- Asahi Kasei Corporation
- Albemarle Corporation
- Solvay S.A.
- Arkema
- PPG Industries Inc.
- Mitsubishi Chemical Corporation
- Electra Battery Materials
- Ashland Corporation
- Pyrotex
- Global Holdings Inc.
- Ube
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America Battery Material market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.