Lithium Batteries: Markets and Materials

The global lithium battery market was worth almost $6.5 billion at the wholesale level in 2008. The market is predicted to reach more than $11 billion in 2013 and is expected to total $13.4 billion in 2018, with a five-year compound annual growth rate (CAGR) of 4%.

Report Includes

• An overview of the market for lithium batteries and materials.
• Analyses of market trends, with data from 2012, estimates for 2013, and projection of compound annual growth rate (CAGR) for the period 2013 to 2018.
• Details about the six commercial and developmental lithium battery types, nearly 30 commercialized electrode couples, and more than 1,000 specific designs.
• Coverage of the global primary and secondary markets that provides the basis for a detailed analysis of lithium battery materials technology.
• Identification of the following sectors: Portable products, medical products, implantable, not implantable, stationary applications, military/aerospace, and automotive and motive power; and in materials, electrode materials and active elements, lithium battery electrolytes, and battery separators.

• Overall sales in the lithium battery market were worth $9 billion in 2008, and decreased to $8.6 billion in 2009. By 2014, sales are projected to increase to $9.9 billion, for a 5-year compound annual growth rate (CAGR) of 2.8%.
• The largest segment in the market, the secondary, was valued at $7.9 billion in 2008. This is expected to decrease to $7.5 billion in 2009, and is projected to reach more than $8.6 billion in 2014, for a 5-year CAGR of 2.9%.
• Sales in the primary lithium battery segment were worth $1.1 billion in 2008, and were to remain flat in 2009. By 2014, they are projected to increase to $1.3 billion, for a 5-year CAGR of 2.7%.

• The U.S. lithium battery material market was worth more than $3.4 billion in 2000 and grew to over than $5.6 billion in 2006. To put this in perspective, BCC estimates that the entire U.S. battery market was worth nearly $33 billion in 2006 (much of this for lead-acid automotive batteries).
• Nonrechargeable (primary) lithium batteries were worth $975 million in 2006 and the world market should grow to a projected $1.2 billion (constant 2006 dollars) in 2012, a compound annual growth rate (CAGR) of 3.7%.
• The rechargeable secondary lithium battery market was approximately $4.6 billion in 2006 but should grow to more than $6.3 billion by 2012, (CAGR) of 5.6%.

• The U.S. lithium battery material market grew to more than $2 billion in 2003. Rising at an average annual growth rate (AAGR) of 4.7%, this market will reach $2.7 billion in 2009.
• Put into perspective, the entire U.S. battery market will be worth more than $13 billion in 2004 (much of this for lead-acid automotive batteries).
• Nonrechargeable (primary) lithium batteries were worth $312 million in 2002 and the U.S. market should grow to a predicted $522 million in 2009, at an AAGR of 5.7%.
• The rechargeable secondary lithium battery market was approximately $1,410 million in 2002 but should grow to more than $2.1 billion by 2009.

• The U.S. lithium battery market is estimated at $1.9 billion in 2001.
• Growing at an average annual rate (AAGR) of 9%, the market is expected to reach nearly $3 billion in 2006.
• Secondary batteries dominate the market. Sales are estimated at $1.6 billion in 2001, and are likely to rise at an AAGR of 10.1% to $2.6 billion in 2006.
• Primary batteries make up a small portion of sales—$0.3 billion in 2001—and are expected to grow at an AAGR of only 2.5% to $0.4 billion in 2006.
• Growth for the market as a whole through 2011 is expected to average 10.3% per year, with secondary batteries, at an AAGR of 11.4%, to lead the way once again.