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Global E-Mobility Raw Materials Market to Grow at a CAGR of 14.35% by 2030 | ChemAnalyst

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According to ChemAnalyst report, “Global E-Mobility Raw Materials Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global e-mobility raw materials market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 14.35% during the forecast period. Growing demand for electric vehicles coupled with the stronger government support worldwide for electric vehicles is expected to drive the demand of e-mobility raw materials for the forecast period. Moreover, increasing population and subsequent vehicle penetration in the market is also a propelling factor supporting demand growth of e-mobility raw materials during the forecast period.

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E-mobility raw materials are the materials which are required for manufacturing of electric vehicles. They are of several types including body metals, light weight plastic, and battery chemicals and metals which include cobalt, lithium, and copper. Major application areas of e-mobility raw materials include public transport, commercial vehicles, and personal vehicles. With the growing demand of electric vehicles globally, the demand for energy storage is skyrocketing hence the demand for batter chemicals and metals is expected to grow at the fastest rate among other e-mobility raw materials. Moreover, government initiatives like the India EV policy 2030 are also supporting demand rise for electric vehicles.

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E-mobility raw materials are materials which are used in the manufacturing of electric vehicles. They have application in public transport, commercial vehicles, and personal vehicles. Body metals include aluminum and chrome, light weight plastics include various thermoplastics and high-performance plastics, battery chemicals and metals include lithium, cobalt, and copper. Electric vehicles require charging infrastructure for proper functioning. Hence, the lack of charging infrastructure in several countries can act as a constraint to demand growth.

E-mobility raw materials are related to electric vehicles hence their price is directly linked to the fluctuations in the demand of automotive and electric vehicles. In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of automotive rendered a major downfall in the global e-mobility raw materials, hence the prices remained low for e-mobility raw materials during the coronavirus pandemic. Demand has picked up in the recent quarters and is projected to grow due to increasing demand from Asia Pacific and North America.

Regionally, Asia Pacific dominates the Global e-mobility raw materials market and holds the largest market share in FY20. Asia’s e-mobility raw materials market is anticipated to grow in the economies like China due to increasing demand of automotive.

According to ChemAnalyst report, Global E-Mobility Raw Materials Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating global e-mobility raw materials market are BASF, American Battery Solutions Inc. BMZ, Bosch, Coslight India, Electrovaya, LG Chem, Northvolt AB.

“Being linked to the electric vehicles industry, the global e-mobility raw materials industry has shown a robust growth alongside growing population and changing consumer preference and increasing awareness about environment friendly nature of electric vehicles. China serves as the key growth region with sufficiently installed capacities for e-mobility raw materials. In South Asia India is all set with its new EV policy 2030 to enter the electric vehicle market.  With new competitors emerging across the Asia Pacific e-mobility raw materials market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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About Us       

ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries since from last 4 Years. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.

ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.

ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.

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