Report Highlights
The global market for materials used in automotive batteries and fuel cells should grow from $8.2 billion in 2018 to reach $22.4 billion by 2023 at a compound annual growth rate (CAGR) of 22.4% for the period of 2018-2023.
Report Includes
- 134 data tables and 32 additional tables
- An overview of the global markets for advanced materials in electric, fuel cell and hybrid automotive batteries
- Analyses of global market trends, with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Coverage of history and current state of advanced materials used in batteries for electric, fuel cell and hybrid automobiles
- Characterization and quantification of market by type, material and region
- Discussion on drivers, restraints, key developments and future outlook of the advanced materials industry
- Insights into regulatory and environmental developments within this industry
- Information on China’s subsidy policy
- Detailed profiles of key competitors of the market, including AkzoNobel, BASF Corp., FMC Corp., Hitachi Chemical and Lithium Corp.
Report Scope
This report covers materials used in the following types of EVs that use motive power batteries and fuel cells:
- Passenger vehicles (sedans, microcars, sport utility vehicles [SUVs], crossover SUVs, pickup trucks, sports cars).
- Low-velocity vehicles (golf carts, neighborhood EVs, personal mobility devices).
- Buses.
- Commercial/industrial vehicles (material handling equipment, burden carriers, forklifts, trucks).
The numbers of batteries and fuel cells used in these EVs are estimated and forecasted in this report.
Two other major types of EVs are out of the scope of this report:
- Scooters (two-wheelers, motorcycles, some three-wheelers).
- Niche (military, self-driving vehicles, locomotives).
Analyst Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fiber, textile and energy industries for 18 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. Currently he is the chief scientist of a company endeavoring to reduce China's air and water pollution. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
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