Lithium Batteries: Markets and Materials

Publish Date: May 2019 | Category: Energy & Power | Publisher: BCC Research | Status: Publish

The global market for lithium batteries should grow from $22.7 billion in 2018 to $47.4 billion by 2023 with a compound annual growth rate (CAGR) of 15.8% for the period of 2018-2023.

Scope of Report:

This report begins with a discussion of primary and secondary lithium battery technologies and markets.

Lithium markets and technology are analyzed associated with the following product categories - 
- Portable products
- Computing, smartphones, tablets.
- Others.
- Wearables (Non-Medical Related/Portable) – Consumer segment only. 
Medical products
- Implantable.
- Not implantable.
- Wearables (Medical Related) – Consumer segment only.
Stationary applications
- Computer memory preservation.
- Uninterruptible power supplies.
- Load leveling and alternative energy storage.
- Residential energy storage.
Military/aerospace
- Primary batteries.
- Secondary batteries.
- Developmental.
Automotive and motive power
- Industrial electric vehicles (traction).
- Plug-ins and hybrid vehicle motive power (EVs, HEVs and BEVs).
- Automotive security.
- Fleet operations (primarily electric buses).

The report focuses on these areas associated with battery materials:

Electrode materials and active elements
- Aluminum.
- Cobalt compounds.
- Conductive polymers.
- Copper compounds.
- Electrolytic manganese dioxide.
- Halogens.
- Fullerenes.
- Inorganic carbon.
- Lithium metal and compounds.
- Nickel metal and compounds.
- Rare earth compounds.
- Sulfur compounds.
- Vanadium compounds.
Lithium battery electrolytes.
- Battery separators. 

Market segments are defined, leading global companies are identified, and the markets analyzed (including a five-year market projection). Additional chapters provide projection breakdowns by end-use sector, application and region. Chapter 8 provides a broad overview of patent activity and developments, while Chapter 9 provides an overview of market segmentation, a concise overview of key driving factors influencing markets, and additional forecasts associated with individual products.

Lithium battery companies are identified and profiled. Each profile includes points of contact and a discussion of structure, description and activity. These profiles are found in Chapter 10.

Report Includes:

- 87 data tables and 66 additional tables
- A detailed overview and an industry analysis of the lithium batteries in terms of markets and materials
- Analyses of global market trends, with data from 2017, 2018, and projections compound annual growth rates (CAGRs) through 2023
- Characterization and quantification of market potential for lithium batteries by major types of batteries, technologies, regions, applications and end-users
- Details pertaining to continuing evolution of electrification of transportation, the increasing use of energy storage systems both institutionally (electric utilities) and within the household (residential) sector, and the impact of innovations in wearable technologies on this market
- Profiles of major market players within the industry, including SAFT, A123 Systems, BASF Battery Materials, Sony Energy Devices Corp., Toshiba and 3M

Summary

The global lithium battery market should be valued at $REDACTED billion at the wholesale level in 2018, upfrom $REDACTED billion in 2017. The global market is expected to grow rapidly over the next several years,and a significant contribution to this growth will come from both the transportation (primarily electricvehicles) and consumer sectors (primarily mature industries such as computing and smartphones). Total global market value in 2023 based on the forecast horizon is expected to top $REDACTED billion, equating to a REDACTED% CAGR from 2018 to 2023.

The market for nonrechargeable (primary) lithium batteries will be valued at $REDACTED billion in 2018, with the global market projected to grow to slightly less than $REDACTED billion by 2023. While a few product segments are expected to register small declines from their 2018 base, growth is expected to continue in established battery segments such as medical, military, auto security and computer memory preservation.

Several new segments are assessed in the current edition of this report, which explains some of the large increases over the previously released estimate for 2015 of $REDACTED billion. These additional segments include: wearable products, encompassing six categories: smartwatches; smart eyewear; smart clothing; other infotainment devices (including Bluetooth headsets and head-up displays); andtwo categories within the medical product segment – fitness trackers and medical devices. Two other segments added to this edition are residential energy storage (driven by PV solar/battery applications), and electric buses – a segment driven primarily by China and expected to grow rapidly and command a
fair share of manufacturer revenue.

These additional segments explain in part the large difference in total (primary and secondary) global market value between the previously released report ($REDACTED billion, 2015) and this current edition ($REDACTED billion, 2017). Assuming similarity in the assessed segments between the two versions, this difference of $REDACTED billion is reduced to $REDACTED billion. A significant portion of that growth is attributable to the increase in the production of electric vehicles (EVs) over the past few years, as numerous automobile manufacturers have committed to releasing new EV models. For example, as of 2014 there were a handful of EV models encompassing sales of a few hundred thousand units. As of the end of 2017, this number had increased to roughly REDACTED million and encompassed more than 150 models worldwide.

The rechargeable (secondary) lithium battery market stood at $REDACTED billion in 2018, up from $REDACTED billion in 2017, and is projected to grow to $REDACTED billion in 2023, representing a CAGR of REDACTED% over that forecast horizon. While growth in EVs had been characterized as disappointing in the previous version ofthis report, that sentiment seems to have been replaced by a more bullish attitude towards EV growth, to the point of provoking investor discussions and speculation of this growth impacting raw material supplies. While well-established segment categories such as portable product batteries will continue to hold a substantial share of market value, the transportation sector is expected to dominate growth insecondary lithium batteries – particularly in Asia, where regulatory regimes focused on emissions andrestrictions on internal combustion engines have combined to drive growth. An additional segmentcontributing to growth is the continued pace of energy storage development to su pport increased use ofrenewable energy.

Table of Contents

Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Recent Developments
Analyst’s Credentials
BCC Custom Research 
Related BCC Research Reports

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background
Lithium Battery Technology Background
Primary Lithium Batteries
Primary Lithium Battery Summary
Primary Lithium Battery Companies
Primary Lithium Battery Market Summary
Secondary Lithium Batteries
Secondary Lithium Battery Summary
Secondary Lithium Battery Companies
Secondary Lithium Battery Market Summary
Lithium Battery Material Background
Types of Lithium Battery Materials
Electrode Materials and Active Elements
Lithium Metal and Compounds
Copper Compounds
Nickel and Iron Metal and Compounds
Electrolytic Manganese Dioxide Compounds
Cobalt Compounds
Aluminum Metal Compounds
Sulfur Compounds
Vanadium Compounds
Rare Earth Compounds
Inorganic Carbon
Fullerenes and Graphenes
Conductive Polymers
Halogens
Lithium Battery Electrolytes
Lithium Battery Separators
Lithium Battery Materials Market Summary

Chapter 4 Market Breakdown by Technology Type
Primary Lithium Battery Compositions
Primary Lithium Battery Types
Secondary Lithium Battery Compositions
Secondary Lithium Battery Types

Chapter 5 Market Breakdown by End User
Lithium Battery End User Segments
Consumer End-Use Segment
Commercial and Industrial End-Use Segment
Military and Aerospace Segment
Medical Segment
Transportation Segment

Chapter 6 Market Breakdown by Application
Primary Lithium Battery Applications
Portable Product Primary Lithium Batteries
Medical Product Primary Lithium Batteries
Stationary Product Primary Lithium Batteries
Military/Aerospace Primary Lithium Batteries
Automotive/Motive Primary Lithium Batteries
Primary Lithium Battery Market Prediction
Secondary Lithium Battery Applications
Portable Product Secondary Lithium Batteries
Medical Product Secondary Lithium Batteries
Stationary Product Secondary Lithium Batteries 
Military/Aerospace Secondary Lithium Batteries
Automotive/Motive Secondary Lithium Batteries
Secondary Lithium Battery Market Prediction

Chapter 7 Market Breakdown by Region
Lithium Battery Regional Segments
Definitions of Regions
Lithium Battery Market by Region
Lithium Battery Market by Region and Individual Country
Lithium Battery Market by Region and Application
Lithium Battery Market by Region and End-User Segment
Lithium Battery Market by Region and Technology

Chapter 8 New Developments/ Patent Review
Introduction
New Developments
New Patents
Major Patent Disputes

Chapter 9 Analysis of Market Opportunities
The Driving Forces of the Industry
Segmentation
Driving Force 1: Improving Battery Technical Maturity
Driving Force 2: Developing New Applications for Lithium Batteries
Driving Force 3: Evolving Transportation Applications – EVs to HEVs to Plug-Ins
Driving Force 4: Academic and Public Sector R&D
Driving Force 5: Battery Quality Control and Product Safety
Driving Force 6: Government and Regulatory Body Initiatives
Driving Force 7: Wearable Technology
Driving Force 8: Innovations in Cathode Formulations
Driving Force 9: Impact of Supply Chain Bottlenecks
Market Segmentation and Industry Concentration Factors
Lithium Battery Market Segmentation Factors
Lithium Battery Market Concentration Factors
Materials Market Segmentation Factors
Industry Environment and Trade Practices
Lithium Batteries as Part of the Overall Global Battery Market
Distribution Channels
Industry Purchasing Influences
Lithium Battery Purchasing Influence Significance
Lithium Battery Purchasing Influences
Lithium Battery Material Purchasing Influences
Lithium Battery Market Analysis Approaches
Market Value Model
Analysis Duration
Monetary Conventions
Lithium Battery Market Sectors
Portable Product Lithium Batteries
Computer, Tablet and Smartphone Lithium Batteries
Portable Tool Lithium Batteries
Other Portable Product Lithium Batteries
Lithium Batteries for Wearables (Portable)
Medical Product Lithium Batteries
Stationary Application Lithium Batteries
Computer Memory Preservation
Uninterruptible Power Supply Batteries
Emergency Lighting Lithium Batteries
Remote Power and Alternative Power Storage Lithium Batteries
Remote Power and Alternative Energy Storage Battery Background
Utility Load Leveling
Military/Aerospace Lithium Batteries
Portable Military Product Lithium Batteries
Emerging Military Lithium Batteries
Aviation Lithium Batteries
Military Lithium Battery Market Summary
Automotive and Motive Power Lithium Batteries
Industrial Vehicle (Traction) Lithium Batteries
Hybrid Electric Vehicle Lithium Batteries
Plug-In Vehicle Lithium Batteries
HEV and EV Market Drivers
Automotive Security Lithium Batteries

Chapter 10 Company Profiles
Primary Lithium Battery Companies
DURACELL INTERNATIONAL
EAGLEPICHER CORP. (OM GROUP)
ENERGIZER HOLDINGS INC.
GP BATTERIES (GOLD PEAK INTERNATIONAL)
GREATBATCH INC.
ICCNEXERGY
MEDTRONIC INC.
MINMAX ENERGY TECHNOLOGY
PANASONIC ENERGY CORP. OF AMERICA
SAFT
SONY ENERGY DEVICES CORP.)
ULTRALIFE BATTERIES INC.
VARTA AG MICROBATTERIES
YARDNEY (OM GROUP)
Secondary Lithium Battery Companies
A123 SYSTEMS
ACCUTRONICS LTD.
ADVANCED LITHIUM ELECTROCHEMISTRY CO. LTD. (ALEES)
ADVANCED BATTERY SYSTEMS INC.
AMPRIUS
APPLE INC.
AROTECH CORP.
BASF BATTERY MATERIALS
BATTERY-BIZ
BATTERY CLINIC INC.
BATTERY SYSTEMS INC.
BATTERY TECHNOLOGY INC.
BOLLORE GROUP
BOSTON-POWER
BREN-TRONICS INC.
BRIGHTVOLT
BYD CO. LTD.
C&D TECHNOLOGIES INC.
CELL-CON
CHINA BAK BATTERY INC.
CHINA SUN (DALIAN XINYANG HIGH-TECH DEVELOPMENT CO.)
CONTINENTAL CORP.
DELTRAN BATTERY TENDER
DENCHI POWER LTD. 
ELECTROVAYA
ENERDEL
ENERIZE CORP. 
ENERSYS INC.
EVEREXCEED CORP.
FARASIS ENERGY
FLUX POWER HOLDINGS INC.
FURUKAWA BATTERY CO.
GENERAL MOTORS
GP BATTERIES (GOLD PEAK INTERNATIONAL)
GS YUASA.
HITACHI MAXELL CORP.
HIGHPOWER INTERNATIONAL
HYB BATTERY CO. LTD.
ILIKA TECHNOLOGIES LTD.
INDUSTRIAL BATTERY ENGINEERING
JOHNSON CONTROLS
JOHNSON MATTHEY BATTERY SYSTEMS (AXEON)
K2 ENERGY
LG CHEMICAL
MICROVAST POWER SYSTEMS LTD.
MILLIBATT INC.
MINING CORP. OF BOLIVIA (COMIBOL)
MINMAX ENERGY TECHNOLOGY CO. LTD.
MITSUBISHI CORP.
NEC ENERGY DEVICES LTD.
NEXCELL BATTERY CO.
NISSAN MOTOR CO.
ODYNE SYSTEMS LLC
OXIS ENERGY LTD. U.K.
PANASONIC
POLYPLUS BATTERY CO.
POWER JAPAN PLUS
PRIMEARTH EV ENERGY
SAFT
SAMSUNG SDI
SEEO
SILATRONIX INC.
SION POWER
SOLIDENERGY
SONY ENERGY DEVICES CORP.
TESLA MOTORS
TIAX LLC
TIANJIN LISHEN BATTERY JOINT-STOCK CO. LTD.
TOSHIBA
VALENCE TECHNOLOGY INC.
WINSTON BATTERY LTD.
XALT ENERGY LLC
YARDNEY (OM)
ZAF ENERGY SYSTEMS
ZINERGY UK
Electrode Material and Active Element Companies
3M
ABERDEEN INTERNATIONAL INC.
ACHESON COLLOIDS INC. (HENKEL)
ACTA S.P.A.
ADMIRALTY RESOURCES
AJAY SQM GROUP
AKZO NOBEL
ALBEMARLE CORP.
ALFA AESAR (JOHNSON MATTHEY)
ALLAN CHEMICAL CORP.
ALLCHEM INDUSTRIES INC.
ALTAIR NANOTECHNOLOGIES INC.
AMETEK
AMSYN (AMBER SYNTHETICS)
APPLIED NANOMATERIALS INC.
ARKEMA
ASBURY CARBONS
ASHLAND CHEMICALS
ASHBURTON VENTURES INC.
AVALON RARE METALS
AVCARB
BARIUM & CHEMICALS INC.
BASF CORP.
CABOT CORP.
CALEDONIA MINING CORP.
CANADA LITHIUM CORP.
CANNON-MUSKEGON CORP. (C-M GROUP)
CELGARD LLC
CHAMBISHI METALS PLC (ZCCM-IH)
CLIMAX MOLYBDENUM
COLUMBUS CHEMICAL INDUSTRIES
CONTEMPORARY AMPEREX TECHNOLOGY LTD. (CATL)
COVALENT ASSOCIATES INC.
COYNE CHEMICAL
CTT
DAIS ANALYTIC CORP.
DARAMIC
DARTON COMMODITIES LTD.
DEXMET CORP.
DYNATEC MADAGASCAR S.A.
ENTEK MEMBRANES LLC
ERAMET/EUROTUNGSTENE POUDRES S.A.
EVONIK INDUSTRIES AG
ENEVATE
EUROPEAN LITHIUM
EVRAZ STRATCOR INC.
FERRO CORP.
FMC CORP.
FORMATION METALS INC.
FRONTIER CARBON CORP.
FUSITE
GALAXY RESOURCES
GFS CHEMICALS INC.
GLENCORE XSTRATA
GRAFTECH INTERNATIONAL LTD.
HENKEL
HERMETIC SEAL TECHNOLOGY INC.
HOLLINGSWORTH AND VOSE CO.
HONJO CHEMICAL CORP.
HUNAN XIANGTAN ELECTROCHEMICAL GROUP
INNOVIA
INTERNATIONAL COBALT CO. INC.
INTERNATIONAL LITHIUM CORP. (GANFENG LITHIUM CO.)
JOHNSON MATTHEY INC.
JUNGFER
LAMART CORP.
LITHIUM CORP.
LITHIUM EXPLORATION GROUP
LITHIUM WERKS
LG CHEMICAL
LYNNTECH INC.
MPHASE TECHNOLOGIES
MATERIALS AND ELECTROCHEMICAL RESEARCH CORP.
MAXPOWER INC.
MAYS CHEMICAL CO.
MCGEAN SPECIALTY CHEMICALS/MCGEAN ROHCO
MITSUI & CO., LTD.
NANO-C INC.
NANOCYL S.A.
NEMASKA LITHIUM
NEPTCO
NIPPON KODOSHI CORP. (NKK)
NORILSK NICKEL
OM GROUP INC.
PHOSTECH LITHIUM 
POREX TECHNOLOGIES
PPG SILICA PRODUCTS
PRAYON
PRED MATERIALS INTERNATIONAL INC.
PRINCE MINERALS INC.
QUEENSLAND NICKEL
RAYMOR INDUSTRIES INC.
READE ADVANCED MATERIALS
RETRIEV TECHNOLOGIES INC. 
ROCK TECH LITHIUM
SHALINA RESOURCES LTD.
SHELDAHL TECHNICAL MATERIALS
SHEPHERD CHEMICAL CO.
SHOWA DENKO K.K.
SHU POWDERS LTD.
SICHUAN LITHIUM INDUSTRIES
SK ENERGY CORP.
SOLVAY PERFORMANCE CHEMICALS
SPECTRUM CHEMICALS
SQM (SOCIEDAD QUIMICA Y MINERA)
SUMITOMO METAL MINING CO. LTD.
SUPERIOR GRAPHITE CO.
TECHNICAL FIBRE PRODUCTS LTD.
TECK RESOURCES LTD.
TEXMAC INC.
THOMAS SWAN & CO. LTD.
TIAX
TIMCAL GRAPHITE & CARBON
TORAY
TRONOX INC.
UBE INDUSTRIES
UMICORE
UNIDYM
VALE CANADA
WESTERN LITHIUM
W. L. GORE & ASSOCIATES, INC.
WOGEN RESOURCES LTD.
XIAMEN TUNGSTEN CO. LTD.

Chapter 11 Appendix: Academic and Public Sector R&D Institutions
A*STAR INSTITUTE OF MATERIALS RESEARCH
AMES NATIONAL LABORATORY
ARGONNE NATIONAL LABORATORY
ARIZONA STATE UNIVERSITY
BATTELLE MEMORIAL INSTITUTE
BROOKHAVEN NATIONAL LABORATORY
CALIFORNIA INSTITUTE OF TECHNOLOGY
CALIFORNIA NANOSYSTEMS INSTITUTE (UCLA)
CENTER FOR ADVANCED MATERIALS
CLEAN ENERGY GROUP
ECOLE POLYTECHNIQUE FÉDÉRALE DE LAUSANNE
FLORIDA STATE UNIVERSITY
FLUID MECHANICS RESEARCH GROUP
GEORGIA INSTITUTE OF TECHNOLOGY
HUNTER COLLEGE
IDAHO NATIONAL LABORATORY
JOHN H. GLENN RESEARCH CENTER
JOHN HOPKINS UNIVERSITY APPLIED PHYSICS LABORATORY
KYOTO UNIVERSITY
KYUSHU UNIVERSITY
LABORATOIRE D’ELECTROCHIMIE ORGANIQUE ET DE PHOTOCHIMIE RÉDOX
LAWRENCE BERKELEY NATIONAL LABORATORY
LAWRENCE LIVERMORE NATIONAL LABORATORY
LOS ALAMOS NATIONAL LABORATORY
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
MAX PLANCK INSTITUT FÜR FESTKORPERFORSCHUNG
MICHIGAN STATE UNIVERSITY
NASA AMES RESEARCH CENTER
NASA JET PROPULSION LAB
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION (NASA)
NATIONAL RENEWABLE ENERGY LABORATORY
NORTH CAROLINA STATE UNIVERSITY
NORTHWESTERN UNIVERSITY
NYU POLYTECHNIC SCHOOL OF ENGINEERING
OAK RIDGE NATIONAL LABORATORY
OHIO STATE UNIVERSITY
OREGON STATE UNIVERSITY
PACIFIC NORTHWEST NATIONAL LABORATORY
PRINCETON UNIVERSITY
PURDUE UNIVERSITY
BIRCK NANOTECHNOLOGY CENTER
RENSSELAER POLYTECHNIC INSTITUTE (RPI)
RICE UNIVERSITY
THE RICHARD E. SMALLEY INSTITUTE FOR NANOSCALE SCIENCE AND TECHNOLOGY
ROCHESTER INSTITUTE OF TECHNOLOGY
RUTGERS, THE STATE UNIVERSITY OF NEW JERSEY
SANDIA NATIONAL LABORATORIES
SAVANNAH RIVER NATIONAL LABORATORY
SIMON FRASER UNIVERSITY
SOPHIA UNIVERSITY
STANFORD UNIVERSITY
STATE UNIVERSITY OF NEW YORK (SUNY)
UNIVERSITÀ LA SAPIENZA
UNIVERSITÄT TÜBINGEN INSTITUT FÜR ORGANISCHE CHEMIE
UNIVERSITY OF CALIFORNIA
UNIVERSITY OF CHICAGO
UNIVERSITY OF COLORADO
UNIVERSITY OF DAYTON RESEARCH INSTITUTE
UNIVERSITY OF DURHAM
UNIVERSITY OF ILLINOIS
UNIVERSITY OF KENTUCKY
UNIVERSITY OF MASSACHUSETTS
UNIVERSITY OF MINNESOTA
UNIVERSITY OF MISSOURI
UNIVERSITY OF NEVADA AT LAS VEGAS
UNIVERSITY OF NEW MEXICO
UNIVERSITY OF NEW SOUTH WALES
UNIVERSITY OF NORTH CAROLINA
UNIVERSITY OF OKLAHOMA CARBON NANOTUBES TECHNOLOGY CENTER (CANTEC)
UNIVERSITY OF PENNSYLVANIA
UNIVERSITY OF RHODE ISLAND
UNIVERSITY OF SOUTHERN CALIFORNIA
UNIVERSITY OF ST. ANDREWS
UNIVERSITY OF TEXAS AT AUSTIN
UNIVERSITY OF TOKYO
USCAR
VIRGINIA COMMONWEALTH UNIVERSITY
WASEDA UNIVERSITY

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