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Top 15 Battery Material Suppliers, Worldwide 2023

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Comparing 15 vendors in Battery Material across 0 criteria.

Lithium-ion dominance: Lithium-ion batteries continue to dominate the battery material market due to their high energy density, longer lifespan, and wide range of applications. The demand for lithium-ion batteries is fuelled by the growing adoption of electric vehicles (EVs), portable electronics, and energy storage systems.

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ASAHI KASEI CORPORATION Tokyo, Japan 1931 Public
BASF SE Ludwigshafen, Germany 1865 Public
Kureha Corp. Tokyo, Japan 1944 Public
Mitsubishi Chemical Chiyoda, Japan 1933 Public
Mitsui Mining & Smelting Tokyo, Japan 1950 Public
 
Frequently Asked Questions (FAQs)
The battery material market refers to the global industry that manufactures, supplies, and distributes materials used in the creation of batteries. Metals, chemicals, electrolytes, binders, separators, and other components required for the operation of various types of batteries are among these materials.
Lithium-ion battery materials, lead-acid battery materials, nickel-cadmium battery materials, nickel-metal hydride battery materials, and other developing battery chemistries are the most common types of battery materials. Specific materials are required for each type of battery to enable energy storage and release.
The growing need for batteries in industries such as automotive, consumer electronics, renewable energy storage, and grid energy storage is driving the battery material market. Furthermore, developments in battery technology, government policies encouraging renewable energy, and the shift toward electric vehicles are all contributing to the market's expansion.
Due to the presence of large battery manufacturers and a vibrant consumer electronics industry, Asia Pacific is currently the leading region in the battery material market. China, Japan, and South Korea are major market contributors. However, North America and Europe are also seeing significant development, due to the increasing use of electric vehicles and renewable energy storage systems.
The most commonly used rechargeable batteries, lithium-ion batteries, are made up of important components such as lithium cobalt oxide (LCO), lithium nickel cobalt aluminum oxide (NCA), lithium nickel manganese cobalt oxide (NMC), lithium iron phosphate (LFP), graphite, and electrolytes. These materials are critical to lithium-ion battery performance, energy density, and safety.
Yes, there are environmental issues with battery materials. Certain minerals, such as lithium and cobalt, might have environmental consequences when extracted and processed. Furthermore, appropriate treatment of spent batteries is required to avoid contamination and the release of dangerous compounds. The industry is actively attempting to produce more ecologically friendly and sustainable battery materials and recycling technologies.
In the battery material business, safety is a major factor. Manufacturers are constantly attempting to improve battery safety features by creating new materials with increased thermal stability, smart battery management systems, and tight quality control procedures during the manufacturing process. Regulatory entities are very important in establishing safety guidelines and requirements.
The development of solid-state batteries, which offer higher energy density and improved safety compared to standard lithium-ion batteries, is one of the growing trends in the battery material market. Other trends include the investigation of alternative materials for battery applications such as sodium, magnesium, and zinc, as well as the integration of battery materials with other technologies such as artificial intelligence and the Internet of Things (IoT) for smart and efficient energy storage systems.
Heat-resistant glass and ceramics, lithium grease lubricants, flux additives for iron, steel, and aluminum manufacture, lithium metal batteries, and lithium-ion batteries are only a few of the industrial applications for lithium and its compounds. These applications require more than three-quarters of the lithium produced.
The battery material industry is predicted to increase rapidly in the future years. Factors such as rising demand for electric vehicles, increased renewable energy installations, and battery technological developments.
 
 

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360 Quadrants is a scientific research methodology by MarketsandMarkets to understand market leaders in 6000+ micro markets

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360 Quadrants is a scientific research methodology by MarketsandMarkets to understand market leaders in 6000+ micro markets

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© 2025 360Quadrants, All rights reserved.