Rapid Vehicle Electrification to Drive the Global Li-ion Battery Materials Market

SANTA CLARA, Calif., Sept. 10, 2021 /PRNewswire/ -- Frost & Sullivan's recent analysis finds that the global Li-ion battery materials market is projected to reach $51.60 billion by 2027 from $18.75 billion in 2020 at a 15.6% compound annual growth rate (CAGR). The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide.