Market Overview:
The global clad metals for batteries market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and hybrid vehicles across the globe. In addition, rising awareness about environment-friendly transportation is also propelling the demand for clad metals for batteries market. Based on type, Ni/Cu segment is expected to hold a major share in global clad metals for batteries market during the forecast period from 2018 to 2030. This can be attributed to high electrical conductivity and corrosion resistance offered by nickel and copper alloys.
Product Definition:
A clad metal is a material made of two or more metals, at least one of which is a metal alloy, that are bonded together to create a single layer. Clad metals have improved properties over the base metals used in their construction and are often used in high-performance applications such as batteries.
Ni/Cu:
The global Ni/Cu, it's usage and growth factor in Clad Metals for Batteries market size was valued at USD 8.5 million in 2016. It is expected to witness a CAGR of XX% over the forecast period on account of rising demand for lithium-ion batteries from electric vehicles industry owing to its high energy density and long life span as compared to other conventional batteries such as lead acid or nickel-based ones.
Ni/Cu/Ni:
The global Ni/Cu/Ni (NCC) market size was valued at USD 1.8 billion in 2016 and is expected to witness a growth of 6.5% over the forecast period. The increasing demand for batteries with high energy density has been one of the key factors driving industry growth over the past few years and this trend is expected to continue over the forecast period as well.
Application Insights:
The other application segment includes the use of cladding for energy storage, consumer electronics and portable electronics. The demand for such products is expected to increase with the implementation of stringent environmental regulations pertaining to greenhouse gas emissions. Increasing usage of electronic devices including smartphones, laptops and cameras is anticipated to augment product demand over the forecast period.
Button battery was estimated as the largest application segment in 2015 accounting for a share of over 50%. Over the past few years, this product has gained popularity owing to its lightweight property which makes it ideal in electric vehicles where weight reduction is an important factor affecting overall performance. Ni/Cu based button batteries have been gaining preference due to their high power density which results in lesser battery size required per unit power compared with that using Al or another metal foil composite material formulation used as a protective layer on top of them (otherwise known aswrapper).
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing demand for electric vehicles and growing demand for power storage batteries. The region is expected to witness significant growth over the forecast period, with China being a major contributor. Increasing government investments in key battery manufacturing facilities of China are projected to further boost regional product demand.
North America is anticipated to be one of the fastest-growing regions over the forecast period owing to rising concerns regarding climate change and environmental degradation caused by greenhouse gas emissions from fossil fuels such as diesel and gasoline. This has led governments across North America, Europe, Asia Pacific, Central & South America (CSA), and Middle East & Africa (MEA) adopt policies favoring clean energy sources such as wind/solar/biomass power generation coupled with energy storage systems that help minimize carbon footprint while ensuring continuous electricity supply during peak hours at reasonable costs are attracting substantial attention from industry players operating in these regions thereby boosting regional product sales over the coming years.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for clad metals for batteries, as they are used in the manufacturing of electric vehicle batteries.
- Growing investment in renewable energy: The global investment in renewable energy is expected to grow at a CAGR of more than 10% during the forecast period. This will lead to an increase in the demand for clad metals for batteries, as they are used in the manufacturing of solar and wind turbine batteries.
- Rising consumer awareness about environment-friendly technologies: There has been a rise in consumer awareness about environment-friendly technologies such as electric vehicles and renewable energy sources over the past few years. This is leading to an increase in demand for products that use these technologies, including those that use clad metals for batteries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Clad Metals for Batteries Market Research Report
By Type
Ni/Cu, Ni/Cu/Ni, Cu/Al, Other
By Application
Button Battery, Other
By Companies
Hitachi Metals Neomaterial, Engineered Materials Solutions, Wickeder Westfalenstahl, Foshan Tongbao Electrical Precision Alloy, Mitani Shoji, Umicore
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Clad Metals for Batteries Market Report Segments:
The global Clad Metals for Batteries market is segmented on the basis of:
Types
Ni/Cu, Ni/Cu/Ni, Cu/Al, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Button Battery, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hitachi Metals Neomaterial
- Engineered Materials Solutions
- Wickeder Westfalenstahl
- Foshan Tongbao Electrical Precision Alloy
- Mitani Shoji
- Umicore
Highlights of The Clad Metals for Batteries Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ni/Cu
- Ni/Cu/Ni
- Cu/Al
- Other
- By Application:
- Button Battery
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Clad Metals for Batteries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Clad metals are a type of battery that uses metal plates to store energy. The metal plates are covered in a protective coating that helps keep the battery safe and stable.
Some of the major companies in the clad metals for batteries market are Hitachi Metals Neomaterial, Engineered Materials Solutions, Wickeder Westfalenstahl, Foshan Tongbao Electrical Precision Alloy, Mitani Shoji, Umicore.
The clad metals for batteries market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Clad Metals for Batteries Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Clad Metals for Batteries Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Clad Metals for Batteries Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Clad Metals for Batteries Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Clad Metals for Batteries Market Size & Forecast, 2020-2028
4.5.1 Clad Metals for Batteries Market Size and Y-o-Y Growth
4.5.2 Clad Metals for Batteries Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ni/Cu
5.2.2 Ni/Cu/Ni
5.2.3 Cu/Al
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Button Battery
6.2.2 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Clad Metals for Batteries Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Clad Metals for Batteries Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ni/Cu
9.6.2 Ni/Cu/Ni
9.6.3 Cu/Al
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Button Battery
9.10.2 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ni/Cu
10.6.2 Ni/Cu/Ni
10.6.3 Cu/Al
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Button Battery
10.10.2 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ni/Cu
11.6.2 Ni/Cu/Ni
11.6.3 Cu/Al
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Button Battery
11.10.2 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ni/Cu
12.6.2 Ni/Cu/Ni
12.6.3 Cu/Al
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Button Battery
12.10.2 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ni/Cu
13.6.2 Ni/Cu/Ni
13.6.3 Cu/Al
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Button Battery
13.10.2 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Clad Metals for Batteries Market: Competitive Dashboard
14.2 Global Clad Metals for Batteries Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi Metals Neomaterial
14.3.2 Engineered Materials Solutions
14.3.3 Wickeder Westfalenstahl
14.3.4 Foshan Tongbao Electrical Precision Alloy
14.3.5 Mitani Shoji
14.3.6 Umicore
