Global lithium-ion battery materials market to reach $120.9B by 2029, driven by EV demand and Asia-Pacific dominance.

The global lithium-ion battery materials market is projected to reach $120.9 billion by 2029, driven by electric vehicle (EV) demand and the need for high-value minerals like lithium and nickel. The Asia-Pacific region will dominate due to strong manufacturing and regulatory support for green energy. Key market players include Umicore and BASF. Additionally, advancements in sustainable battery technologies are expected to further stimulate growth.

September 11, 2024
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