Battery Materials Market Size , Share, Growth Global Demand, Analysis and Forecast Period 2026
The global battery materials market size is expected to reach USD 60.61 billion by 2027 while exhibiting a CAGR of 5.9% between 2020 and 2027. This is attributable to the increasing demand for electric vehicles and the favorable government regulations that promote the adoption of green energy sources that will favor the adoption of advanced battery materials across the globe. This information is published by Fortune Business Insights, in its latest report. The report further mentions that the market stood at USD 47.75 billion in 2019 and is projected to gain momentum in the forthcoming years.
Disruption in Procurement of Raw Materials amid COVID-19 to Limit Growth Prospects
The global pandemic, COVID-19, has led to significant disruption in supply chain across the globe. This has completely paralyzed the growth prospects of several industries. The difficulty in procurement of raw materials amid the novel coronavirus has led to major delays in production and manufacturing activities across https://www.fortunebusinessins....ights.com/industry-r
