Battery Materials Market to Reach $171 Billion by 2031 as EV Boom...

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2026-05-21 08:42:07 -

Battery Materials Market to Reach $171 Billion by 2031 as EV Boom and Clean Energy Investments Accelerate Global Demand

The global industry was valued at US$ 54.5 Bn in 2022 and is expected to advance at a CAGR of 13.6% from 2023 to 2031, reaching US$ 171.0 Bn by the end of 2031. The battery materials market is experiencing rapid expansion as the global transition toward electrification, renewable energy storage, and sustainable mobility accelerates. Battery materials, including cathodes, anodes, electrolytes,...

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