Top Battery Raw Materials Companies

Global Battery Raw Materials Market size was valued at USD 53.6 billion in 2023 and is poised to grow from USD 56.98 billion in 2024 to USD 92.89 billion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032).

The major companies profiled in this report include Asahi Kasei Corporation, BASF SE, ECOPRO, Entek International, Johnson Matthey plc., LG Chem Ltd, NEI Corporation, Showa Denko K.K., Targray Technology International Inc., Toshiba Corporation, Hitachi Chemical Co. Ltd., 3M, Nichia Corporation, Valence Technology, Inc., Mitsubishi Chemical Corporation, Celgard, LLC, and Nippon Denko Co., Ltd. New growth strategies such as inventory expansion, acquisitions, partnerships and research & innovation in optimization and improvement in battery efficiency have led to major advancements in the global battery raw materials market growth. 'Albemarle Corporation (United States) ', 'SQM (Sociedad Química y Minera de Chile) (Chile) ', 'Ganfeng Lithium Co., Ltd. (China) ', 'Tianqi Lithium Corporation (China) ', 'Livent Corporation (United States) ', 'Norilsk Nickel (Russia) ', 'Glencore plc (Switzerland) ', 'Vale S.A. (Brazil) ', 'Umicore (Belgium) ', 'Sumitomo Metal Mining Co., Ltd. (Japan) ', 'POSCO Chemical (South Korea) ', 'Sherritt International Corporation (Canada) ', 'American Battery Technology Company (United States) ', 'Piedmont Lithium Inc. (United States) ', 'Pilbara Minerals Limited (Australia) ', 'Galaxy Resources Limited (Australia) ', 'Tinci Materials (China) ', 'Redwood Materials (United States) ', 'Electra Battery Materials Corporation (Canada) ', 'Neo Lithium Corp. (Canada)'

Drives the increasing adoption of electric vehicles (EVs) across the globe as a major factor driving the global battery raw materials market. While governments around the world are implementing stricter emissions regulations and promoting a transition to sustainable transport demand for EVs has increased. Lithium-ion battery needs basic components processing plants such as lithium, cobalt and nickel, which increases their demand significantly.

Rising Focus on Sustainability: A major factor shaping the global battery raw materials market is the increasing focus on sustainability and ethical sourcing practices. Increasing awareness of the environmental and social impacts associated with the production of raw materials has prompted stakeholders in the value chain to offer domestically sourced services which in responsibility has taken precedence. This trend is driving investment in sustainable mining infrastructure, recycling technologies and transparent supply chains, aimed at reducing risk and ensuring battery production produce ethical products as consumers and regulators demand greater responsibility and force companies to adopt sustainable practices, reshaping the battery products market dynamics towards an environmentally responsible future Dati has met with great social responsibility.

Asia-Pacific dominated the global battery raw materials market. Due to the large number of consumers of electronics and automotive products in this region, the main demand driver for battery products market is currently dominated by China, which accounts for a significant portion of the value chain of battery products. Battery anodes and cathodes are imported from Chinese and Japanese manufacturers worldwide. For emerging countries like India to emerge as a developing country like India focuses on direct integration of battery products from domestic sources to battery packaging. Government incentives and good policies should be implemented. Additionally, political tensions between the two countries increase the risk of import restrictions that mean scarcity of key battery components. In addition, India is looking to reduce its dependence on imported fuel over the next few years. Such conditions are favorable for local battery manufacturers and research institutes, thus increasing the market for battery-making components. The policies and investments mentioned above are the major drivers for market growth in this segment during the forecast period.