세계의 배터리용 금속 시장 규모는 2023년 105억 달러로 평가되었고, 2024년 113억 5,000만 달러에서 2032년 211억 7,000만 달러로 성장할 것으로 예상되며, 예측 기간(2025-2032) 동안 8.1%의 연평균 복합 성장률(CAGR)로 성장할 것으로 예상됩니다.
배터리용 금속 시장은 고정형 에너지 저장 솔루션에 대한 수요 증가와 배터리가 제조 비용의 약 40%를 차지하는 전기자동차(EV) 분야의 급격한 성장이 주요 요인으로 작용하고 있습니다. 리튬이온 EV 배터리는 10년의 수명으로 설계되지만, 가혹한 사용 조건으로 인해 5년 이내에 성능이 저하되는 경우가 많기 때문에 이러한 유닛을 덜 까다로운 용도로 재활용 및 재사용하는 것에 대한 관심이 높아지고 있습니다. 이러한 이차전지 활용 추세는 고정형 축전지 시장을 강화하고, 배터리용 금속 수요의 중요성을 강조하고 있습니다. 그러나 COVID-19 팬데믹 기간 중 시장은 침체에 직면했고, 공급 차질이 생산에 영향을 미쳐 금속 가격이 변동하면서 리튬과 코발트의 가격이 상승하고 니켈, 아연, 구리의 가격이 하락했습니다.
Global Battery Metals Market size was valued at USD 10.5 billion in 2023 and is poised to grow from USD 11.35 billion in 2024 to USD 21.17 billion by 2032, growing at a CAGR of 8.1% during the forecast period (2025-2032).
The battery metals market is primarily fueled by the rising demand for stationary energy storage solutions and the rapid growth of the electric vehicle (EV) sector, where batteries account for approximately 40% of manufacturing costs. While lithium-ion EV batteries are designed for a ten-year lifespan, their performance often decreases within five years due to harsh operating conditions, leading to increased interest in recycling and reusing these units in less demanding applications. This trend towards second-life battery usage bolsters stationary storage markets, highlighting their significance in battery metal demand. However, the market faced setbacks during the COVID-19 pandemic, with supply disruptions affecting production and fluctuating metal prices, leading to increased costs for lithium and cobalt and decreased prices for nickel, zinc, and copper.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Battery Metals market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Battery Metals Market Segmental Analysis
Global Battery Metals Market is segmented by Metal, Application and region. Based on Metal, the market is segmented into Lithium, Nickel, Cobalt and Other Metals. Based on Application, the market is segmented into Starter, Lighting, and Ignition, Electric Vehicles, Electronic Devices, Stationary Battery Energy Storage and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Battery Metals Market
The drivers propelling the growth of the global Battery Metals market include a surge in the demand for consumer electronics such as smartphones, laptops, and tablets, alongside the heightened requirement for battery metals stemming from the electric vehicle sector. Moreover, the market is expected to experience swift growth owing to the advancement of the renewable energy and electric vehicle industries. This confluence of factors is set to significantly bolster the Battery Metals market on a global scale, as the push for more efficient energy storage solutions continues to gain momentum in various technological applications.
Restraints in the Global Battery Metals Market
One of the key challenges facing the Global Battery Metals market is the environmental impact of battery disposal, which is becoming increasingly pressing as countries worldwide push towards the adoption of electric vehicles (EVs). This rise in EV production leads to a corresponding increase in battery manufacturing, ultimately generating more hazardous waste associated with used batteries. As the demand for battery metals surges due to the global shift towards green transportation, the issue of effective and sustainable disposal methods becomes a significant restraint that the industry must address to minimize ecological damage and ensure a more responsible lifecycle for these essential components.
Market Trends of the Global Battery Metals Market
The Global Battery Metals market is experiencing significant growth, driven by the surging demand for batteries across diverse applications, including electric vehicles, renewable energy storage, and consumer electronics. With intensified investment in research and development, the focus has shifted towards creating high-efficiency, long-lasting batteries, further propelling the market. Lithium remains the pivotal battery metal due to its integral role in both the cathode and anode of lithium-ion batteries, thereby solidifying its market position. As the global push for sustainable energy solutions accelerates, the demand for key battery metals is expected to rise, shaping a dynamic and competitive marketplace.