Lithium-Ion Battery Materials Market Size, Trends | Industry Report
Lithium-Ion Battery Materials Market : Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Increasing demand of consumer electronics and portable devices is one of the key growth driving factor for the Global Lithium Ion Battery Materials Market Lithium Ion Battery Materials Market is valued at USD 10.75 Billion in 2018 and expected to reach USD 16.14 Billion by 2025 with a CAGR of 15.1% over the forecast period. A lithium-ion battery is a type of rechargeable battery in which lithium ions move from the negative electrode to the positive electrode during discharge and back when charging. It uses an intercalated lithium compound as one electrode material, compared to the metallic lithium in a non-rechargeable lithium battery. It is commonly used as rechargeable batteries for portable electronics, due to its high energy density, tiny memory effect and low self-discharge. It has major applications in military, battery electric