The average battery price declined by nearly 46% between 2015 and 2019. According to the latest estimates, the average battery pack price for 2020 was pegged at around $ 140 per KWh. Frost & Sullivan estimates the price of Li-ion batteries to be at around $100 per kWh over the next three to five years, from $350 per kWh in 2015. As demand gathers momentum and as more and more large, global-scale battery facilities come online, production costs, along with the average price, are expected to register further declines, thereby inching closer to the coveted tipping point, where the gap between ICE vehicles and EVs disappears. The falling prices and proliferation of battery vehicles, coupled with the increasing energy density of vehicles are, in turn, expected to have a strong impact on the growth in demand for battery materials throughout the forecast period.

Strategic Imperatives 

Growth Opportunity Analysis—Li-ion Battery Materials Market 

Value Chain—Li-ion Battery Materials Market 

Growth Opportunity Analysis—Cathode Materials 

Growth Opportunity Analysis—Anode Materials 

Growth Opportunity Analysis—Electrolytes 

Growth Opportunity Analysis—Separators 

Growth Opportunity Analysis—Binders