(MENAFN- PR Newswire) Asia Pacific is estimated to lead the market during the forecast period. The Asia-Pacific region is expected to have the largest market share in the lithium-ion battery materials market due to numerous factors. This region is home to significant battery manufacturers and has emerged as a global hub for lithium-ion battery production, with China, South Korea, and Japan at the forefront. The region's strong demand for electric cars (EVs) and consumer electronics, together with government regulations that promote green energy and electric mobility, is propelling the lithium-ion battery industry forward.
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Market Players
Some of the leading players in the
global lithium-ion battery materials
market include Umicore (Belgium), Sumitomo Metal Mining Co., Ltd. (Japan), BASF SE (Germany), POSCO Future M (South Korea), and Tanaka Chemical Corporation (Japan), among others.
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