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Asia Pacific Battery Metals Market

Asia Pacific Battery Metals Market

Asia Pacific Battery Metals Market, By Type (Lithium, Cobalt, Nickel, Graphite, Manganese, Others (including Aluminum, Copper)); By Application (Electric Vehicles (EVs), Consumer Electronics, Energy Storage Systems (ESS), Others (including Industrial Applications)); By End Use Industry (Automotive, Energy & Power, Aerospace & Defense, Others (including Electronics)); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Thailand, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: April 2024
  • Report ID: BWC24268
  • Available Format: PDF
  • Page: 328

Report Overview

A spurring demand for battery metals from thriving electric vehicles (EVs) industry driven by high EV adoption and governments’ supportive initiatives, and rapid adoption of technological advancements in battery and energy storage are expected to boost the growth of Asia Pacific Battery Metals Market during the forecast period between 2024 and 2030.

Asia Pacific Battery Metals Market – Industry Trends & Forecast Report, 2030

The Asia Pacific Battery Metals Market size by value was estimated at USD 3.44 billion in 2023. During the forecast period between 2024 and 2030, the Asia Pacific Battery Metals Market size is expected to expand at a CAGR of 6.38% reaching a value of USD 7.28 billion by 2030. The Asia Pacific Battery Metals Market is primarily driven by the surge in demand for electric vehicles (EVs) and the increasing adoption of renewable energy systems. As countries in the region aim to reduce carbon emissions and transition towards sustainable energy sources, there is a growing need for lithium-ion batteries, which are crucial components in EVs and energy storage solutions. The heightened demand for battery metals like lithium, cobalt, and nickel is pushing the market forward, with governments incentivizing the production and use of electric vehicles through subsidies and regulations promoting clean energy initiatives.

Asia Pacific Battery Metals Market

By volume, the Asia Pacific Battery Metals Market size was estimated at 2.33 million tons in 2023. During the forecast period between 2024 and 2030, the Asia Pacific Battery Metals Market size is projected to grow at a CAGR of 6.12% reaching a volume of 4.03 million tons by 2030. Advancements in technology and the development of efficient battery chemistries are propelling the Asia Pacific Battery Metals Market. Innovations in battery technology, such as solid-state batteries and improvements in energy density and lifespan, are driving the demand for battery metals in the region. Manufacturers are investing heavily in research and development to enhance the performance and reliability of batteries, thereby creating opportunities for the growth of the battery metals market. Technological advancements are making EVs more viable and also contributing to the expansion of renewable energy storage systems, further boosting the demand for battery metals in the Asia Pacific region.

Battery Metals – Overview

Battery metals refer to a group of elements crucial for manufacturing rechargeable batteries, powering electric vehicles (EVs), and storing renewable energy. Key battery metals include lithium, cobalt, nickel, and graphite. Lithium-ion batteries, predominant in EVs and electronics, rely heavily on lithium, while cobalt and nickel enhance battery performance and longevity. Graphite is essential for lithium-ion battery anodes. With the growing demand for clean energy solutions, battery metals have garnered significant attention, driving exploration, mining, and recycling efforts worldwide. Their availability and sustainable sourcing are critical for the continued advancement of battery technology and the transition to a low-carbon economy.

Asia Pacific Battery Metals Market

Growth Drivers

Surging Electric Vehicle (EV) Adoption

The Asia Pacific Battery Metals Market experiences a robust growth driver in the form of surging electric vehicle (EV) adoption. As governments worldwide intensify efforts to combat climate change and reduce carbon emissions, the demand for EVs escalates, propelling the need for battery metals like lithium, cobalt, and nickel. With technological advancements enhancing EV performance and driving down costs, consumers are increasingly drawn toward electric alternatives, further bolstering the demand for battery metals. The trend is reshaping the energy landscape, fostering innovation in renewable technologies, and creating substantial opportunities across the Asia Pacific region.

Challenges

Infrastructure Constraints

Despite the burgeoning demand for battery metals in the Asia Pacific region, significant challenges arise due to infrastructure constraints. The extraction, processing, and transportation of battery metals entail complex logistical operations and require substantial investments in infrastructure. Limited access to efficient transportation networks, inadequate refining facilities, and insufficient power supply infrastructure pose significant restraints on the region's battery metals market. Addressing these infrastructure gaps is crucial to unlocking the full potential of the Asia Pacific Battery Metals Market, ensuring sustainable growth, and meeting the escalating demand driven by evolving technologies and environmental imperatives.

Asia Pacific Battery Metals Market

Segmental Coverage

Asia Pacific Battery Metals Market – By Type

Based on type, Asia Pacific Battery Metals Market is divided into Lithium, Cobalt, Nickel, Graphite, Manganese, and Other (such as aluminum and copper) segments. Lithium is the largest segment of the market by type. Lithium holds a prominent position due to its crucial role in lithium-ion batteries, which are extensively used in various industries, including electronics, automotive, and renewable energy storage. Its dominance stems from its exceptional energy density and suitability for high-performance applications, making it a cornerstone of modern battery technology. The dominance underscores its pivotal role in shaping the dynamics and growth trajectory of the Asia Pacific Battery Metals Market.

Asia Pacific Battery Metals Market Size

Asia Pacific Battery Metals Market – By Application

On the basis of application, Asia Pacific Battery Metals Market is segmented into Electric Vehicles (EVs), Consumer Electronics, Energy Storage Systems (ESS), and Others (including Industrial Applications). The EVs segment is the largest application in the Asia Pacific Battery Metals Market. With the increasing demand for environmentally friendly transportation solutions, the EV segment has witnessed substantial growth. Governments' initiatives promoting electric vehicle adoption, coupled with advancements in battery technology, have fueled the expansion. Additionally, the growing concerns over air pollution and the push towards sustainable energy sources have further propelled the demand for EVs, making the segment the most prominent in the battery metals market across the Asia Pacific region.

Asia Pacific Battery Metals Market – By End Use Industry

Based on end use industry, Asia Pacific Battery Metals Market is divided into Automotive, Energy & Power, Aerospace & Defense, and Others (including Electronics) segments. The automotive segment is the largest end use industry due to the increasing demand for EVs and hybrid vehicles that heavily rely on battery technologies. As countries across the region strive for cleaner transportation solutions and governments implement stringent emission regulations, the automotive sector's demand for battery metals like lithium, cobalt, and nickel continues to surge, making it the dominant segment in the Asia Pacific Battery Metals Market.

Asia Pacific Battery Metals Market Share

Asia Pacific Battery Metals Market – By Country

Based on country, Asia Pacific Battery Metals Market is divided into China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Thailand, Singapore, Vietnam, and Rest of APAC. China dominates the Asia Pacific Battery Metals Market. As the world's largest producer and consumer of battery metals, China plays a pivotal role in driving the market growth. With a robust industrial infrastructure and significant investments in renewable energy and electric vehicles, China dominates the region in terms of both production and consumption of battery metals. Its expansive market size, coupled with government support for sustainable technologies, positions China as the primary hub for battery metal demand and innovation in the Asia Pacific region, surpassing other major APAC countries, such as India, Japan, and South Korea.

Competitive Landscape

Major players in the Asia Pacific Battery Metals Market include Ganfeng Lithium Group Co., Ltd, CMOC Group Limited, Tianqi Lithium Australia Pty Ltd, Huayou New Energy Technology (Quzhou) Co., Ltd, Servotech Power Systems Ltd, South32, GEM Co. Ltd, Sumitomo Metal Mining Co., Ltd, Albemarle Corporation, Aluminum Corporation of China Limited, Glencore, Rio Tinto, Alcoa Corporation, and BHP. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In January 2022 - China Lithium Battery Technology signed two contracts with two cities in the southern Chinese province of Guangdong to build new production facilities with an annual capacity of 50 GWh. The factories will be located in Guangzhou and Jiangmen.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

By Value - Revenue in USD Billion

 

By Volume - Million Tons

Market Coverage

China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Thailand, Singapore, Vietnam, Rest of APAC

Product/Service Segmentation

Type, Application, End Use Industry, Country

Key Players

Ganfeng Lithium Group Co., Ltd, CMOC Group Limited, Tianqi Lithium Australia Pty Ltd, Huayou New Energy Technology (Quzhou) Co., Ltd, Servotech Power Systems Ltd, South32, GEM Co. Ltd, Sumitomo Metal Mining Co., Ltd, Albemarle Corporation, Aluminum Corporation of China Limited, Glencore, Rio Tinto, Alcoa Corporation, BHP

 

By Type

  • Lithium

  • Cobalt

  • Nickel

  • Graphite

  • Manganese

  • Others (including aluminum and copper)

By Application

  • Electric Vehicles (EVs)

  • Consumer Electronics

  • Energy Storage Systems (ESS)

  • Others (including Industrial Applications)

By End Use Industry

  • Automotive

  • Energy & Power

  • Aerospace & Defense

  • Others (including Electronics)

By Country

  • China

  • India

  • Japan

  • South Korea

  • Australia & New Zealand

  • Indonesia

  • Malaysia

  • Thailand

  • Singapore

  • Vietnam

  • Rest of APAC

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Asia Pacific Battery Metals Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Surging electric vehicle (EV) adoption
        2. Growing consumer electronics industry
        3. Increasing government support for clean energy
        4. Rising focus on battery recycling
      2. Restraints
        1. Technological limitations
        2. Infrastructure constraints
        3. Policy uncertainty
      3. Opportunities
        1. Increasing deployment of energy storage systems for grid stabilization
        2. Rapid industrialization and urbanization
        3. Technological advancements
        4. Growing research and development
      4. Challenges
        1. Competition from alternative technologies
        2. Recycling challenges
        3. Environmental concerns
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Asia Pacific Battery Metals Market: Marketing Strategies
  5. Asia Pacific Battery Metals Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Lithium
        2. Cobalt
        3. Nickel
        4. Graphite
        5. Manganese
        6. Others (including aluminum and copper)
      2. By Application
        1. Electric Vehicles (EVs)
        2. Consumer Electronics
        3. Energy Storage Systems (ESS)
        4. Others (including Industrial Applications)
      3. By End Use Industry
        1. Automotive
        2. Energy & Power
        3. Aerospace & Defense
        4. Others (including Electronics)
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia & New Zealand
        6. Indonesia
        7. Malaysia
        8. Thailand
        9. Singapore
        10. Vietnam
        11. Rest of APAC
  6. China Battery Metals Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use Industry
  7. India Battery Metals Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use Industry
  8. Japan Battery Metals Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use Industry
  9. South Korea Battery Metals Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use Industry
  10. Australia & New Zealand Battery Metals Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use Industry
  11. Indonesia Battery Metals Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use Industry
  12. Malaysia Battery Metals Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use Industry
  13. Thailand Battery Metals Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use Industry
  14. Singapore Battery Metals Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use Industry
  15. Vietnam Battery Metals Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use Industry
  16. Rest of APAC Battery Metals Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use Industry
  17. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia Pacific Battery Metals Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  18. Impact of Escalating Geopolitical Tensions on Asia Pacific Battery Metals Market
  19. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Ganfeng Lithium Group Co., Ltd
    2. CMOC Group Limited
    3. Tianqi Lithium Australia Pty Ltd
    4. Huayou New Energy Technology (Quzhou) Co., Ltd
    5. Servotech Power Systems Ltd
    6. South32
    7. GEM Co. Ltd
    8. Sumitomo Metal Mining Co., Ltd
    9. Albemarle Corporation
    10. Aluminum Corporation of China Limited
    11. Glencore
    12. Rio Tinto
    13. Alcoa Corporation
    14. BHP
    15. Other Prominent Players
  20. Key Strategic Recommendations
  21. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       Asia Pacific Battery Metals Segmentation

Figure 2       Asia Pacific Battery Metals Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Asia Pacific Battery Metals Market Size, By Value (USD Million), 2019–2030

Figure 5       Asia Pacific Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Figure 6       Asia Pacific Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Figure 7       Asia Pacific Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Figure 8       Asia Pacific Battery Metals Market Share, By Country, By Value (USD Million), 2019–2030

Figure 9       China Battery Metals Market Size, By Value (USD Million), 2019–2030

Figure 10     China Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Figure 11     China Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Figure 12     China Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Figure 13     India Battery Metals Market Size, By Value (USD Million), 2019–2030

Figure 14     India Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Figure 15     India Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Figure 16     India Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Figure 17     Japan Battery Metals Market Size, By Value (USD Million), 2019–2030

Figure 18     Japan Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Figure 19     Japan Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Figure 20     Japan Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Figure 21     South Korea Battery Metals Market Size, By Value (USD Million), 2019–2030

Figure 22     South Korea Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Figure 23     South Korea Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Figure 24     South Korea Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Figure 25     Australia & New Zealand Battery Metals Market Size, By Value (USD Million), 2019–2030

Figure 26     Australia & New Zealand Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Figure 27     Australia & New Zealand Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Figure 28     Australia & New Zealand Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Figure 29     Indonesia Battery Metals Market Size, By Value (USD Million), 2019–2030

Figure 30     Indonesia Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Figure 31     Indonesia Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Figure 32     Indonesia Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Figure 33     Malaysia Battery Metals Market Size, By Value (USD Million), 2019–2030

Figure 34     Malaysia Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Figure 35     Malaysia Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Figure 36     Malaysia Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Figure 37     Singapore Battery Metals Market Size, By Value (USD Million), 2019–2030

Figure 38     Singapore Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Figure 39     Singapore Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Figure 40     Singapore Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Figure 41     Vietnam Battery Metals Market Size, By Value (USD Million), 2019–2030

Figure 42     Vietnam Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Figure 43     Vietnam Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Figure 44     Vietnam Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Figure 45     Rest of APAC Battery Metals Market Size, By Value (USD Million), 2019–2030

Figure 46     Rest of APAC Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Figure 47     Rest of APAC Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Figure 48     Rest of APAC Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

 

List of Tables

Table 1        Asia Pacific Battery Metals Market Size, By Value (USD Million), 2019–2030

Table 2        Asia Pacific Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Table 3        Asia Pacific Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Table 4        Asia Pacific Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Table 5        Asia Pacific Battery Metals Market Share, By Country, By Value (USD Million), 2019–2030

Table 6        China Battery Metals Market Size, By Value (USD Million), 2019–2030

Table 7        China Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Table 8        China Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Table 9        China Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Table 10      India Battery Metals Market Size, By Value (USD Million), 2019–2030

Table 11      India Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Table 12      India Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Table 13      India Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Table 14      Japan Battery Metals Market Size, By Value (USD Million), 2019–2030

Table 15      Japan Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Table 16      Japan Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Table 17      Japan Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Table 18      South Korea Battery Metals Market Size, By Value (USD Million), 2019–2030

Table 19      South Korea Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Table 20      South Korea Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Table 21      South Korea Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Table 22      Australia & New Zealand Battery Metals Market Size, By Value (USD Million), 2019–2030

Table 23      Australia & New Zealand Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Table 24      Australia & New Zealand Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Table 25      Australia & New Zealand Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Table 26      Indonesia Battery Metals Market Size, By Value (USD Million), 2019–2030

Table 27      Indonesia Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Table 28      Indonesia Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Table 29      Indonesia Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Table 30      Malaysia Battery Metals Market Size, By Value (USD Million), 2019–2030

Table 31      Malaysia Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Table 32      Malaysia Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Table 33      Malaysia Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Table 34      Singapore Battery Metals Market Size, By Value (USD Million), 2019–2030

Table 35      Singapore Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Table 36      Singapore Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Table 37      Singapore Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Table 38      Vietnam Battery Metals Market Size, By Value (USD Million), 2019–2030

Table 39      Vietnam Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Table 40      Vietnam Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Table 41      Vietnam Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Table 42      Rest of APAC Battery Metals Market Size, By Value (USD Million), 2019–2030

Table 43      Rest of APAC Battery Metals Market Share, By Type, By Value (USD Million), 2019–2030

Table 44      Rest of APAC Battery Metals Market Share, By Application, By Value (USD Million), 2019–2030

Table 45      Rest of APAC Battery Metals Market Share, By End Use Industry, By Value (USD Million), 2019–2030

Table 46      Ganfeng Lithium Group Co., Ltd Company Overview

Table 47      Ganfeng Lithium Group Co., Ltd Financial Overview

Table 48      CMOC Group Limited Company Overview

Table 49      CMOC Group Limited Financial Overview

Table 50      Tianqi Lithium Australia Pty Ltd Company Overview

Table 51      Tianqi Lithium Australia Pty Ltd Financial Overview

Table 52      Huayou New Energy Technology (Quzhou) Co., Ltd Company Overview

Table 53      Huayou New Energy Technology (Quzhou) Co., Ltd Financial Overview

Table 54      Servotech Power Systems Ltd Company Overview

Table 55      Servotech Power Systems Ltd Financial Overview

Table 56      South32 Company Overview

Table 57      South32 Financial Overview

Table 58      GEM Co. Ltd Company Overview

Table 59      GEM Co. Ltd Financial Overview

Table 60      Sumitomo Metal Mining Co., Ltd Company Overview

Table 61      Sumitomo Metal Mining Co., Ltd Financial Overview

Table 62      Albemarle Corporation Company Overview

Table 63      Albemarle Corporation Financial Overview

Table 64      Aluminum Corporation of China Limited Company Overview

Table 65      Aluminum Corporation of China Limited Financial Overview

Table 66      Glencore Company Overview

Table 67      Glencore Financial Overview

Table 68      Rio Tinto Company Overview

Table 69      Rio Tinto Financial Overview

Table 70      Alcoa Corporation Company Overview

Table 71      Alcoa Corporation Financial Overview

Table 72      BHP Company Overview

Table 73      BHP Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: The Asia Pacific Battery Metals Market size by value was estimated at USD 3.44 billion in 2023.
Ans: The Asia Pacific Battery Metals Market by value is expected to grow at a CAGR of 6.38% during the forecast period between 2024 and 2030.
Ans: The Asia Pacific Battery Metals Market size is forecast to reach a value of USD 7.28 billion by 2030.
Ans: The growth of the Asia Pacific Battery Metals Market is primarily driven by increasing demand for electric vehicles, government initiatives promoting renewable energy, technological advancements, and growth in energy storage solutions.
Ans: The Asia Pacific Battery Metals Market size by volume was estimated at 2.33 million tons in 2023.
Ans: By Volume, the Asia Pacific Battery Metals Market size is expected to grow at a CAGR of 6.12% during the forecast period between 2024 and 2030.
Ans: The Asia Pacific Battery Metals Market size by volume is forecast to reach 4.03 million tons by 2030.
Ans: China accounts for the highest market share in the Asia Pacific Battery Metals Market.
Ans: The electric vehicles (EVs) segment accounts for the highest market share in the Asia Pacific Battery Metals Market.
Ans: Lithium segment accounts for the highest market share in the Asia Pacific Battery Metals Market by type.
Ans: Key players in Asia Pacific Battery Metals Market include Ganfeng Lithium Group Co., Ltd, CMOC Group Limited, Tianqi Lithium Australia Pty Ltd, Huayou New Energy Technology (Quzhou) Co., Ltd, Servotech Power Systems Ltd, South32, GEM Co. Ltd, Sumitomo Metal Mining Co., Ltd, Albemarle Corporation, Aluminum Corporation of China Limited, Glencore, Rio Tinto, Alcoa Corporation, and BHP.