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.

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

1. BASF SE
2. CABOT CORPORATION
3. Targray Technology International Inc.
4. American Elements
5. NEI Corporation
6. Asahi Kasei Corporation
7. Albemarle Corporation
8. Solvay S.A.
9. Arkema
10. PPG Industries Inc.
11. Mitsubishi Chemical Corporation
12. Electra Battery Materials
13. Ashland Global Holdings Inc.
14. Ube Corporation
15. Pyrotex

1. Cabot Corporation
2. Targray Technology International Inc.
3. American Elements
4. Nei Corporation
5. BASF SE
6. Asahi Kasei Corporation
7. Albemarle Corporation
8. Solvay S.A.
9. Arkema
10. PPG Industries Inc.
11. Mitsubishi Chemical Corporation
12. Electra Battery Materials
13. Ashland Corporation
14. Pyrotex
15. Global Holdings Inc.
16. 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.