Lithium-ion Secondary Battery Materials Market Outlook Report 2025-2034 | EV Demand Soars, High-Nickel Cathodes and Silicon Anodes Lead Innovation in Battery Materials - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Lithium-ion Secondary Battery Materials Market Outlook 2025-2034: Market Share, and Growth Analysis By Product Type (Cathode Materials, Anode Materials, Electrolytes), By Application, By End User, By Technology" report has been added to ResearchAndMarkets.com's offering.

The global Lithium-ion Secondary Battery Materials Market size is valued at USD 52.4 billion in 2024 and is projected to reach USD 105.8 billion by 2032, registering a compound annual growth rate (CAGR) of 9.18% over the forecast period.

The lithium-ion secondary battery materials market is witnessing robust growth driven by the surging demand for electric vehicles, portable electronics, energy storage systems, and grid storage solutions. This market encompasses key materials including cathode materials (such as NMC, NCA, LFP), anode materials (graphite, silicon-based composites), electrolytes (liquid, solid-state), and separators that enable efficient battery performance, safety, and lifespan. Manufacturers are focusing on developing high-nickel cathodes for increased energy density, silicon-graphite composite anodes for higher capacity, and solid-state electrolytes to enhance safety and thermal stability. Market growth is supported by aggressive EV production targets, renewable energy storage expansion, and government incentives for clean energy technologies.

However, challenges include raw material supply constraints for lithium, nickel, and cobalt, environmental concerns regarding mining and recycling, and technological barriers in scaling next-generation materials like solid-state electrolytes and silicon anodes. Recent developments include Umicore expanding NMC cathode production in Europe, Sila Nanotechnologies advancing silicon-dominant anodes for EV batteries, and CATL investing in solid-state battery research for future commercialisation. Government policies promoting EV adoption, localised battery manufacturing, and battery recycling regulations are further driving investments and innovation in the lithium-ion secondary battery materials market globally.

A major trend is the shift towards high-nickel cathode chemistries like NMC 811 and nickel-rich NCA to increase energy density for longer-range electric vehicles while reducing cobalt dependency for cost and ethical sourcing advantages.

Lithium-ion Secondary Battery Materials Market Size Data, Trends, Growth Opportunities, and Restraining Factors

This comprehensive Lithium-ion Secondary Battery Materials market report delivers updated market size estimates from 2024 to 2034, offering in-depth analysis of the latest Lithium-ion Secondary Battery Materials market trends, short-term and long-term growth drivers, competitive landscape, and new business opportunities. The report presents growth forecasts across key Lithium-ion Secondary Battery Materials types, applications, and major segments, alongside detailed insights into the current Lithium-ion Secondary Battery Materials market scenario to support companies in formulating effective market strategies.

The Lithium-ion Secondary Battery Materials market outlook thoroughly examines the impact of ongoing supply chain disruptions and geopolitical issues worldwide. Factors such as trade tariffs, regulatory restrictions, production losses, and the emergence of alternatives or substitutes are carefully considered in the Lithium-ion Secondary Battery Materials market size projections. Additionally, the analysis highlights the effects of inflation and correlates past economic downturns with current Lithium-ion Secondary Battery Materials market trends, providing actionable intelligence for stakeholders to navigate the evolving Lithium-ion Secondary Battery Materials business environment with precision.

Key Insights

• The market is driven by exponential growth in electric vehicle production, increasing demand for portable consumer electronics with longer battery life, and deployment of grid-scale energy storage systems to support renewable energy integration.
• Challenges include supply chain risks and price volatility for critical raw materials such as lithium, nickel, and cobalt, environmental concerns over mining impacts, and technological barriers in commercialising advanced materials like solid-state electrolytes and silicon-based anodes at scale.
• Companies are focusing on expanding production capacities for cathode and anode materials, advancing silicon-graphite composite anodes for higher capacity, and developing solid-state electrolyte technologies to enhance battery safety, energy density, and thermal stability.
• Recent developments include Umicore expanding its NMC cathode material production facilities in Europe to supply EV battery manufacturers, Sila Nanotechnologies progressing silicon-dominant anode commercialisation for improved EV battery performance, and CATL investing in solid-state battery material research for next-generation battery commercialisation.
• Government policies promoting electric vehicle adoption, localisation of battery materials production, strategic raw material sourcing, and stringent recycling regulations are accelerating market growth and innovation in the lithium-ion secondary battery materials sector globally.

What's Included in the Report

• Global Lithium-ion Secondary Battery Materials market size and growth projections, 2024- 2034
• North America Lithium-ion Secondary Battery Materials market size and growth forecasts, 2024- 2034 (United States, Canada, Mexico)
• Europe market size and growth forecasts, 2024- 2034 (Germany, France, United Kingdom, Italy, Spain)
• Asia-Pacific Lithium-ion Secondary Battery Materials market size and growth forecasts, 2024- 2034 (China, India, Japan, South Korea, Australia)
• Middle East Africa Lithium-ion Secondary Battery Materials market size and growth estimate, 2024- 2034 (Middle East, Africa)
• South and Central America Lithium-ion Secondary Battery Materials market size and growth outlook, 2024- 2034 (Brazil, Argentina, Chile)
• Lithium-ion Secondary Battery Materials market size, share and CAGR of key products, applications, and other verticals, 2024- 2034
• Short- and long-term Lithium-ion Secondary Battery Materials market trends, drivers, challenges, and opportunities
• Lithium-ion Secondary Battery Materials market insights, Porter's Five Forces analysis
• Profiles of 5 leading companies in the industry- overview, key strategies, financials, product portfolio and SWOT analysis
• Latest market news and developments

Key Attributes:

Companies Featured

• Umicore
• CATL
• LG Energy Solution
• SK On
• POSCO Future M
• Sumitomo Metal Mining Co., Ltd.
• Shanshan Technology
• EcoPro BM
• Targray Technology International
• Albemarle Corporation
• Livent Corporation
• BASF SE
• Hitachi Chemical Co., Ltd. (Showa Denko)
• Mitsubishi Chemical Group
• American Battery Technology Company (ABTC)

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