Battery Materials market size is expected to reach USD 89.75 Billion by 2027 | At a CAGR 8.3% emergenresearch.com

High demand for smart devices is one of the significant factors influencing the market growth.
Global Battery Materials market size is expected to reach USD 89.75 Billion by 2027, according to a new report by Emergen Research.
The demand for lithium-ion batteries has witnessed a spiraling growth, owing to a surge in demand for laptops and smart devices such as smartphones and tablets in recent years. The global increase in the overall shipment units of smartphones is fuelling the sale lithium-ion (Li-ion) battery materials for its rechargeable characteristics.
Batteries are beneficial in observing and regulating the electrical energy with precision by aiding customers to decrease the cost incurred in energy consumption and offer a power pack-up for critical loads. Energy storage systems find widespread usage in commercial and industrial applications.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/battery-materials-market