Materials for Advanced Batteries

Materials for Advanced Batteries

Materials for Advanced Batteries

Report
Format: PDF-Excel
Published year: 2014
Publisher: Navigant Research
Language: English
Pages: 66

Summary

The batteries industry is in the midst of a dramatic transformation. Long ruled by the lead-acid and primary alkaline chemistries, a new wave of advanced battery chemistries is starting to significantly penetrate the stationary, portable, and transportation markets. These advanced battery chemistries include lithium ion (Li-ion), redox flow, sodium metal halide, and advanced carbon lead-acid (ACLA). As the industry transforms, the supply chain of materials going into those batteries is also in the process of developing and maturing. The expected growth of the supply chain is even more stunning when viewed through the lens of the weight of materials shipments. Total materials shipments are anticipated to increase from 304,516 MT in 2014 to 846,891 MT in 2023. The vast majority of those materials will likely be going into Li-ion batteries, which are expected to have a leading market share in all three of the major application areas: stationary, portable devices, and transportation. It is also expected that other chemistries will be making vast leaps in growth over the next 10 years, principally vanadium oxide and iron chromium flow batteries. According to Navigant Research, the primary component materials for advanced batteries are expected to increase from a $7.3 billion market in 2014 into a $19.3 billion market in 2023. This Navigant Research report analyzes the global materials supply chain of the advanced batteries industry. The study explores the market drivers and barriers and growth forecast of the advanced batteries materials market. Global market forecasts for the capacity, shipments, and revenue of key raw materials inputs for advanced batteries, including lithium, cobalt, nickel, copper, and aluminum, and processed materials such as lithium carbonate, cathode powders, and fully processed graphite extend through 2023. The report also examines the key advanced battery chemistries and materials and discusses the strengths and weaknesses of the major industry players.
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