Processing Technologies

Date of Publication: Jan 5, 2016
Worldwide demand for battery materials is forecast to rise 8.3 percent per year to $46.8 billion in 2019. Continued growth in portable electronics and change in the global motor vehicle industry will not only have a strong impact on the types of battery materials being consumed, but also drive strong growth in battery materials demand in developing countries. The strongest growth will be posted in the Asia/Pacific region, as China further solidifies its position as the largest producer of batteries in the world. Other countries in the region, including South Korea and India, will also register strong growth in demand for battery materials.