The latest report by MarkNtel Advisors, titled “EV Battery Chemicals Market Report By Chemicals (Cathode, [Cobalt, Nickel, Manganese, Others (Copper, Aluminium, etc.)], Anode, [Lithium, Graphite, Silicon, Others (Zinc, Sodium, etc.)], Electrolytes, [Potassium Hydroxide, Lithium Salts, Others (Ethylene Carbonate, Dimethyl Carbonate, etc.)], Separator, [Polyethylene, Polypropylene, Others (Ceramic Coated Separators, Glass Fibre, etc.)]), By Battery Type (Nickel Cadmium Batteries, Nickel Metal Hydride Batteries, Lead Acid Batteries, Lithium-Ion Batteries), By Vehicle Type (Two-Wheeler, Passenger Cars, Commercial Vehicles, [Vans/Light Trucks, Medium & Heavy Trucks, Buses, Off-Highway Vehicles]), By Propulsion (Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEV), Fuel Cell Electric Vehicles (FCEVs)), By Method (Wire Bonding, Laser Bonding), other and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the EV Battery Chemicals Market research report.
What is the market outlook for EV Battery Chemicals?
The EV Battery Chemicals Market is projected to grow at a CAGR of around 16.5% during the forecast period, i.e., 2024-30.
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Major Companies Operating in the EV Battery Chemicals Industry:
Albemarle Corporation, Gan feng Lithium Co. Ltd., Glencore PLC, Livent Corporation, Inc., SQM S.A., Norilsk Nickel, Teck Resources, Vale S.A., Tianqi Lithium Industry Co., Ltd., Hindustan Zinc Ltd., Korea Zinc, Sheritt International Corporation, Nyrstar NV, Mody Chemi Pharma Ltd., Mitsubishi Chemical Holdings, and Others
EV Battery Chemicals Market Report Segmentation:
By Chemicals
-Cathode
–Cobalt
–Nickel
–Manganese
–Others (Copper, Aluminium, etc.)
-Anode
–Lithium
–Graphite
–Silicon
–Others (Zinc, Sodium, etc.)
-Electrolytes
–Potassium Hydroxide
–Lithium Salts
–Others (Ethylene Carbonate, Dimethyl Carbonate, etc.)
-Separator
–Polyethylene
–Polypropylene
–Others (Ceramic Coated Separators, Glass Fibre, etc.)
By Battery Type
-Nickel Cadmium Batteries
-Nickel Metal Hydride Batteries
-Lead Acid Batteries
-Lithium-Ion Batteries
- Among them ‘Lithium-ion Batteries’ have established their dominance in the market across various sectors.
By Vehicle Type
-Two-Wheeler
-Passenger Cars
-Commercial Vehicles
–Vans/Light Trucks
–Medium & Heavy Trucks
–Buses
–Off-Highway Vehicles
By Propulsion
-Battery Electric Vehicles (BEVs)
-Hybrid Electric Vehicles (HEVs)
-Plug-in Hybrid Electric Vehicles (PHEV)
-Fuel Cell Electric Vehicles (FCEVs)
By Method
-Wire Bonding
-Laser Bonding
Learn More About the Market Report – https://www.marknteladvisors.com/research-library/ev-battery-chemicals-market.html
Regional Landscape
On the geographical front, the EV Battery Chemicals Market expands across the following:
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Global EV Battery Chemicals Market Challenge: Higher Upfront Costs Restricting the Global EV Battery Chemicals Market
The Global EV Battery Chemicals Market faces a significant challenge in the form of the higher upfront costs associated with electric vehicles (EVs) compared to traditional internal combustion engine (ICE) vehicles. This obstacle primarily arises from the relatively substantial manufacturing expenses tied to lithium-ion battery packs, a critical component of EVs. The cost differential can deter potential consumers, making them hesitant to embrace EVs and, consequently, limiting the widespread adoption of electric vehicles.
In 2022, EV sales in India exceeded one million vehicles in a year, with electric three-wheelers dominating, but overall market shares still remained in single digits, primarily due to the persistent challenge of high upfront costs hindering broader adoption.
This, in turn, has a direct impact on the demand for EV battery chemicals, including lithium, cobalt, nickel, and graphite, which are indispensable components of these advanced power sources. The slower pace of EV adoption due to cost concerns impedes market growth and has broader implications for environmental sustainability and the reduction of greenhouse gas emissions, as the transition to cleaner transportation technologies is hindered.
Report Components:
- Thorough market research aimed at supporting informed decision-making.
- Market projections and predictions covering the period from 2024 to 2030.
- Investigation of expansion opportunities and trend analysis.
- Comprehensive market analysis through forecasts detailing regional and segment revenue.
- Examination of market share and competition strategies.
- Detailed insights on effectively addressing market competition.
- Strategies for success in dynamically changing marketplaces.
- Availability of the report in various formats, including PDF, Excel and PPT
About UsMarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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