EV Battery Cell and Pack Materials Market Size - By Vehicle (BEV, HEV, PHEV, FCEV), By Battery (Lithium-ion, Lead-Acid, Nickel-Metal Hydride, Ultracapacitors, Sodium-ion), Regional Insights & Forecast, 2022–2030

Major companies participating in the EV battery cell and pack materials market include CATL, LG Chem, Panasonic Industry Co. Ltd., BYD, Samsung SDI, SK Innovation Co. Ltd., CALB, and Grepow, among others.

The global market size for EV battery cell and pack materials was valued at USD 13 billion in 2021 and is speculated to register over 14.5% CAGR from 2022 to 2030, owing to the positive outlook of the global EV industry and rising environmental concerns.

The battery electric vehicle (BEV) segment may depict over 14.5% CAGR from 2022 to 2030, driven by the stringent government regulations regarding vehicle emissions and increasing environmental impact.

The lithium-ion batteries segment is anticipated to exceed USD 59 billion by 2030, due to ongoing research & development efforts focused on extending useful life, reducing relatively high costs, and addressing the safety and overheating concerns in Li-ion batteries.