The North America battery material market is expected to grow from US$ 5,620.44 million in 2021 to US$ 9,366.00 million by 2028; it is expected to grow at a CAGR of 7.7% from 2022 to 2028.
A combination of different materials, including anode, cathode, and electrolyte, is used to make batteries. Different anode material includes lithium, cobalt, lead, carbon, and graphite. Graphite is one of the most commonly used anode material. Natural graphite materials are mined from the ground. Natural graphite is an important industrial mineral which finds applications in electronics and many other fields. Cobalt is a toxic and lustrous mineral. It is found in negatively charged electrode of many lithium ion batteries. Lead is widely used in lead acid batteries. Carbon-based anode materials have been used in commercial li-ion cells due to their electrochemical properties.
In 2021, the US held the largest share of the North America battery material market. The popularity of electric cars and trucks is growing in the US. The rising demand for electric vehicles creates need for batteries. There is also a growing adoption of smart electronic devices. A high demand for computers, TVs, mobile phones, and others propels need for batteries. The government is also offering funding through various initiatives to ensure that the country can produce batteries and materials to increase economic competitiveness. All these factors are driving the battery materials market growth in the US.
Impact of COVID-19 Pandemic on North America Battery Material Market
The COVID-19 pandemic has negatively affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The pandemic has negatively affected manufacturing processes due to restrictions imposed by government authorities in various countries. Furthermore, the pandemic disrupted the supply chain of batteries and components. The adverse effect of the pandemic has decreased the demand for battery materials for different applications in North America. However, with the recovery of various industrial activities, the demand for battery materials for different applications is also increasing.
North America Battery Material Market Breakdown – by Region

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Market Insights
Increasing demand for Electric Vehicles to Drive Battery Materials Market during 2021–2028
Electric vehicles (EVs) are a far better choice than internal combustion engine vehicles for maintaining the air pollution level majorly from the industrial and automotive sectors. Hence, EVs are emerging as the preferred clean technology for future mobility. The demand for zero-emission EVs has surged with favorable government rules regarding subsidies, tax rebates, and new car registration. The supportive policy, charging infrastructure, and supply chain localization are among the factors fueling the demand for electric vehicles, which would drive the North America battery materials market growth during the forecast period.
Material Insights
Based on material, the North America battery material market is segmented into anode, cathode, electrolyte, binders, coatings, and others. The cathode segment held the largest share in the market in 2021. Cathode is a positive or oxidizing electrode. It acquires electrons from the external circuit and is reduced during the electrochemical reaction. Different cathode materials include nickel cobalt aluminum (NCA), cobalt-based lithium-ion (LCO), and nickel cobalt manganese (NCM or NMC).
North America Battery Material Market, by Material – 2021 and 2028

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End User Insight
Based on end user, North America battery material market is segmented into transportation, consumer electronics, and industrial. The transportation segment held the largest market share in 2021. Batteries are used in various vehicles, including power cars, motorcycles, and boats. Li-ion batteries; lead-acid batteries; wet cell batteries; and starting, lighting, and ignition (SLI) batteries are a few of the common car battery types.
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North America Battery Material Market: Strategic Insights

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North America Battery Material Market: Strategic Insights

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BASF SE, CABOT CORPORATION, Targray Technology International Inc., American Elements, NEI Corporation, Asahi Kasei Corporation, Albemarle Corporation, Solvay S.A., Arkema, PPG Industries Inc., Mitsubishi Chemical Corporation, Electra Battery Materials, Ashland Global Holdings Inc., Ube Corporation, and Pyrotex are among the major players operating in the North America battery material market. The market players are constantly focusing on strategies, such as investments in research and development activities and expansion.
Report Spotlights
- Progressive industry trends in the North America battery material market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the North America battery material market from 2020 to 2028
- Estimation of demand for battery materials across North America
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the North America battery material market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The North America battery material market size at various nodes
- Detailed overview and segmentation of the market, and the North America battery material industry dynamics
- Size of the battery material market in various regions with promising growth opportunities
North America Battery Material Market
Material
Anode
- Natural Graphite
- Synthetic Graphite
- Others
Cathode
- Lithium Nickel Cobalt Manganese Oxide (NMC)
- Lithium Cobalt Oxide (LCO)
- Lithium Iron Phosphate (LFP)
- Lithium Manganese Oxide (LMO)
- Lithium Nickel Cobalt Aluminium Oxide (NCA) and Others
- Electrolyte
- Binders
- Coatings
- Others
Application
- Primary Batteries
- Secondary Batteries
End User
- Transportation
- Consumer Electronics
- Industrial
Company Profiles
- BASF SE
- CABOT CORPORATION
- Targray Technology International Inc.
- American Elements
- NEI Corporation
- Asahi Kasei Corporation
- Albemarle Corporation
- Solvay S.A.
- Arkema
- PPG Industries Inc.
- Mitsubishi Chemical Corporation
- Electra Battery Materials
- Ashland Global Holdings Inc.
- Ube Corporation
- Pyrotex
North America Battery Material Market Regional Insights
The regional trends and factors influencing the North America Battery Material Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses North America Battery Material Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

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North America Battery Material Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 5,620.44 Million |
Market Size by 2028 | US$ 9,366.00 Million |
Global CAGR (2022 - 2028) | 7.7% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Material
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
North America Battery Material Market Players Density: Understanding Its Impact on Business Dynamics
The North America Battery Material Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the North America Battery Material Market are:
- Cabot Corporation
- Targray Technology International Inc.
- American Elements
- Nei Corporation
- BASF SE
Disclaimer: The companies listed above are not ranked in any particular order.

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- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset



Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
This text is related
to segments covered.

Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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to country scope.
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- Cabot Corporation
- Targray Technology International Inc.
- American Elements
- Nei Corporation
- BASF SE
- Asahi Kasei Corporation
- Albemarle Corporation
- Solvay S.A.
- Arkema
- PPG Industries Inc.
- Mitsubishi Chemical Corporation
- Electra Battery Materials
- Ashland Corporation
- Pyrotex
- Global Holdings Inc.
- Ube