ADVANCED BATTERY SUPPLY CHAIN TO TRIPLE

Materials for Advanced Batteries; Cathodes, Anodes, Electrolytes, Separators, and Other Materials for Advanced Batteries: Supply Chain Logistics and Market Sizing and Forecasts

4Q 2014 (Navigant Research)

“…[A] new wave of advanced battery chemistries is starting to significantly penetrate the stationary, portable, and transportation markets. These advanced battery chemistries include lithium ion (Li-ion), redox flow, sodium metal halide, and advanced carbon lead-acid (ACLA)…The expected growth of the supply chain is even more stunning…Total materials shipments are anticipated to increase from 304,516 MT in 2014 to 846,891 MT in 2023. The vast majority of those materials will likely be going into Li-ion batteries, which are expected to have a leading market share in all three of the major application areas: stationary, portable devices, and transportation…[O]ther chemistries will be making vast leaps in growth over the next 10 years, principally vanadium oxide and iron chromium flow batteries. According to Navigant Research, the primary component materials for advanced batteries are expected to increase from a $7.3 billion market in 2014 into a $19.3 billion market in 2023…” click here for more

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