Li-ion and lead-acid battery applications push global battery materials market toward $43.2 bn by 2023

摘要

China, Japan and South Korea in Asia-Pacific (APAC) are proving to be lucrative growth opportunity markets for lithium (Li)-ion battery material suppliers, as they host numerous leading Li-ion battery original equipment manufacturers (OEMs). These OEMs prefer their suppliers to be located close to them, as it facilitates supply and customization. North American and European battery material suppliers will establish mass production facilities for Li-ion battery materials in APAC due to low-cost production, high growth opportunities and the accessibility of raw materials.