Exploring Sustainable Solutions in the Battery Materials Market for Green Energy Storage
The Battery Materials Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Battery materials play a pivotal role in energy storage solutions for applications across diverse end use industries. Key battery materials include cathode materials, anode materials, electrolytes, and separators that are suitable for lead-acid, lithium-ion and other advanced battery chemistries. Market Dynamics: The battery materials market is expected to grow tremendously over the forecast period owing to rising electric vehicle adoption across the globe and developments in grid-scale energy storage systems. According to recent estimates, electric vehicle sales have grown by over 40% year on year to reach 6.6 million units globally in 2021. Further, supportive government policies and regulations aimed at curbing vehicle emissions are encouraging automakers to invest aggressively in electric fleets. Additiona...