This study quantifies the consumption of key lithium-ion (Li-ion) battery materials and focuses on gauging the impact that key market developments, like the advancements in battery chemistries, the rapid increase in electric vehicle (EV) sales, an ever-tightening regulatory scenario, and a shift in consumer preferences towards EVs, etc., are expected to have on the demand for individual materials between 2020 and 2027.

The study (an update of Frost & Sullivan’s study on Li-ion battery materials, published in 2020) quantifies the consumption of key material types, namely cathode materials, anode materials, electrolytes, separators, binders, and adhesives & sealants. On the basis of applications, the study analyses the demand for battery materials from applications such as EVs, industrial and energy storage systems (ESS), consumer electronics, and others (medical & healthcare devices and portable tools). The study quantifies the consumption of each of these material types on the basis of a robust methodology comprising an analysis of total Li-ion battery production, EV production volumes, uptake of the considered materials, and supply of those materials.

Frost & Sullivan analysis indicates that the global battery materials market is slated to register a robust double-digit growth of about 15.6% in terms of revenue between 2020 and 2027.