Battery Materials Market

The battery materials market comprises the essential raw materials and chemical compounds, such as cathodes, anodes, and electrolytes, that enable batteries to store and deliver energy. These components are critical for determining a battery's performance, capacity, and safety. The primary customers are manufacturers in the electric vehicle (EV), consumer electronics, and energy storage industries. Market growth is driven by the global shift towards electrification, the increasing demand for cleaner energy and mobility solutions, and supportive government policies like the Inflation Reduction Act and the European Green Deal.