The Global Secondary Battery Materials Market 2026–2037
Secondary (rechargeable) battery materials are the engineered inputs that make up a lithium-ion cell and its surrounding module and pack — cathode and anode active materials, electrolyte, separator, conductive additives and binders, and the copper and aluminium current collectors, together with the busbars, insulation and structural housing that turn cells into a usable pack. Demand is driven overwhelmingly by the electrification of transport and the parallel build-out of stationary energy storage, with consumer electronics a smaller but stable third stream. As global lithium-ion output scales from roughly one terawatt-hour today toward several times that by 2037, material demand rises in step — though not uniformly, because chemistry mix, cell and pack architecture, and processing route all reshape which materials capture value.
The market is defined by a persistent tension between volume and value. High-volume commodities such as LFP cathode and graphite anode grow with capacity but carry thin margins, while smaller, specification-critical materials — silicon anode, carbon nanotubes, LiFSI salt, engineered separators — grow faster in percentage terms and command premium pricing. Cathode active materials remain the largest single value pool, anchored to volatile lithium, nickel and cobalt prices; anode is being reshaped by the gradual introduction of silicon; and separators, electrolytes and current collectors form steady, technically demanding mid-tier markets.
Two structural shifts run through the forecast period. First, pack-level engineering — cell-to-pack, cell-to-body and cell-to-chassis designs — is eroding module content while raising the importance of structural housing materials such as aluminium, high-strength steel and composites. Second, dry-electrode (solvent-free) processing is beginning to reshape binder and conductive-additive demand, favouring PTFE and carbon nanotubes over incumbent PVDF and carbon black.
Supply is acutely concentrated in China across nearly every segment, with nascent Western, Korean and Japanese capacity supported by the US Inflation Reduction Act, Section 45X and the EU Critical Raw Materials Act. Substitution risk — principally sodium-ion in cost-sensitive storage and entry EVs, and solid-state over the longer term — sits alongside recycling and critical-material recovery as swing factors for secondary supply. The result is a large, fast-growing but strategically contested market in which sourcing security, localisation economics and materials innovation increasingly determine competitive position through 2037, rewarding participants who can pair scale with defensible, specification-critical differentiation.
The Global Secondary Battery Materials Market 2026–2037 is a commercial market study of the full lithium-ion battery materials value chain, from cell active materials through to module and pack-structural components. It quantifies demand (in tonnes) and market value (in US dollars) for each in-scope material on a bottom-up basis — global cell output in gigawatt-hours, multiplied by chemistry- and architecture-specific material-intensity factors, then priced — with annual forecasts extended to 2037. The study covers eight value-chain segments: cathode active materials; anode active materials (graphite and silicon); electrolyte, salts and additives; separators; conductive additives and binders; current collectors; module materials; and pack-housing and structural materials. It also provides a dedicated analysis of dry-electrode (solvent-free) processing and its effect on the cell, binder and conductive-additive markets.
Beyond sizing, the report maps demand drivers and end-market splits across electric vehicles, stationary storage and consumer electronics; profiles the supplier landscape and geographic concentration for every segment; sets out pricing trends and cost structures; and assesses supply-chain risk against the US IRA/Section 45X and the EU Critical Raw Materials Act. A comparative-analysis chapter reconciles all segments into a single value-and-volume view with a regional breakdown, and a scenarios chapter tests sensitivity to chemistry mix, silicon loading, dry-process adoption, sodium-ion substitution and localisation. The study closes with a company-profiles directory spanning cathode, anode, electrolyte, separator, additive, binder, foil, upstream raw-material, cell, solid-state, sodium-ion and recycling players.
Contents summary:
Executive summary — headline forecasts, material growth ranking and company landscapeIntroduction, scope and methodology — the bottom-up GWh ? intensity ? tonnage ? value modelGlobal Li-ion demand and the material-intensity model — demand by application, chemistry mix, end-market splitCathode active materials — LFP, NMC, NCA, LMFP; lithium, nickel, cobalt and manganeseAnode active materials — natural and synthetic graphite; silicon (SiOx, nano-Si, Si-C)Electrolyte — salts (LiPF?, LiFSI), solvents and additivesSeparators — wet and dry base films; ceramic-coatedConductive additives and binders — carbon black, CNT; PVDF, SBR/CMCCurrent collectors — battery-grade copper and aluminium foilDry-electrode (solvent-free) processing — cell, binder and conductive-additive impactModule materials — busbars, interconnects and insulationPack-housing and structural materials — aluminium, steel, composites; CTP/CTB/CTCComparative analysis, regional breakdown and supply-chain risk — including IRA/45X and EU CRMA policyScenarios and sensitivities — chemistry mix, silicon loading, dry-process, sodium-ion, localisationCompany profiles — 439 companies across the value chainAppendices — methodology, full assumptions, demand-model tables, Excel sheet index, company directory and related FMI research
Companies profiled include 24M Technologies, Inc., 2D Fab AB, 3DOM Inc., 6K Energy, AC Biode, Accurec Recycling GmbH, Achelous Pure Metal Company Limited, ACT-ion Battery Technologies, Addionics, Advanced Battery Recycle Co., Ltd. (ABR), Advanced Solid-State Electrolyte Technology Co., Ltd. (ASET), Advano, AE Elemental, AEGIS Critical Energy Defence Corp., AESC, AirMembrane Corporation, Albemarle, Allied Gra[hite, Allye Energy, Alsym Energy, Altairnano / Yinlong, Altech Batteries Ltd., Altilium Clean Technology, Altris AB, AMO Greentech, Ampcera, Inc., Amprius, Inc., Amtex, Anaphite Limited, Anhui Anwa New Energy, Anthro Energy, APB Corporation, Appear Inc., Arcadium Lithium, Argylium, Arkema, Asahi Kasei, Astracite, Ateios Systems, Atlas Materials, Attero Recycling, Australian Advanced Materials, Avanti Battery Company, AZUL Energy Co., Ltd, BAK Power Battery, Base Power, BASF, Basquevolt, Batrec Industrie AG, Battery Pollution Technologies, Battri, BatX Energies, Bedimensional S.p.A, BeePlanet Factory, Beijing Easpring, Beijing WeLion New Energy Technology, Bemp Research Company, BenAn Energy Technology, The BESSt Company, BGT Materials Ltd., Bihar Batteries, Birla Carbon, Biwatt Power, Black Diamond Structures, LLC, Blackstone Resources, Blue Current, Inc., Blue Solutions, Bodi, Inc., Breathe Battery Technologies, BrightVolt, Inc., Broadbit Batteries Oy, Brunp (CATL), BTR New Energy Materials, Inc., BTRY AG, BYD Energy Storage, Cabot Corporation, CALB, California Lithium Battery, CAMX Power, CAPCHEM, Carbon One, CarbonScape Ltd., CarbonX, CATL, CBAK Energy Technology, Inc., CCL Design, CEC Science & Technology Co., Ltd, CellCircle, CellCube, CellsX, CENS Materials Ltd., Central Glass Co., Ltd., Ceylon Graphene Technologies (Pvt) Ltd, Cham Battery Technology, Chasm Advanced Materials, Inc., Chemix, China Sodium-ion Times, Chongqing Tailan New Energy Co., Ltd., Cirba Solutions, Circunomics, CMBlu Energy AG, Cnano Technology (LB Group), CNGR, Connexx Systems Corp, Conovate, Coreshell, Customcells, cylib, Cymbet, Daejoo Electronic Materials, Daqus Energy, Denka, DFD, Do-Fluoride, Domolynx, Donut Lab Oy, Dotz Nano, DOWA Eco-System, Dreamweaver International, Duesenfeld GmbH, E-Magy, Easpring Finland New Materials, EBS Square, Ecellix, Echion Technologies and more...
The market is defined by a persistent tension between volume and value. High-volume commodities such as LFP cathode and graphite anode grow with capacity but carry thin margins, while smaller, specification-critical materials — silicon anode, carbon nanotubes, LiFSI salt, engineered separators — grow faster in percentage terms and command premium pricing. Cathode active materials remain the largest single value pool, anchored to volatile lithium, nickel and cobalt prices; anode is being reshaped by the gradual introduction of silicon; and separators, electrolytes and current collectors form steady, technically demanding mid-tier markets.
Two structural shifts run through the forecast period. First, pack-level engineering — cell-to-pack, cell-to-body and cell-to-chassis designs — is eroding module content while raising the importance of structural housing materials such as aluminium, high-strength steel and composites. Second, dry-electrode (solvent-free) processing is beginning to reshape binder and conductive-additive demand, favouring PTFE and carbon nanotubes over incumbent PVDF and carbon black.
Supply is acutely concentrated in China across nearly every segment, with nascent Western, Korean and Japanese capacity supported by the US Inflation Reduction Act, Section 45X and the EU Critical Raw Materials Act. Substitution risk — principally sodium-ion in cost-sensitive storage and entry EVs, and solid-state over the longer term — sits alongside recycling and critical-material recovery as swing factors for secondary supply. The result is a large, fast-growing but strategically contested market in which sourcing security, localisation economics and materials innovation increasingly determine competitive position through 2037, rewarding participants who can pair scale with defensible, specification-critical differentiation.
The Global Secondary Battery Materials Market 2026–2037 is a commercial market study of the full lithium-ion battery materials value chain, from cell active materials through to module and pack-structural components. It quantifies demand (in tonnes) and market value (in US dollars) for each in-scope material on a bottom-up basis — global cell output in gigawatt-hours, multiplied by chemistry- and architecture-specific material-intensity factors, then priced — with annual forecasts extended to 2037. The study covers eight value-chain segments: cathode active materials; anode active materials (graphite and silicon); electrolyte, salts and additives; separators; conductive additives and binders; current collectors; module materials; and pack-housing and structural materials. It also provides a dedicated analysis of dry-electrode (solvent-free) processing and its effect on the cell, binder and conductive-additive markets.
Beyond sizing, the report maps demand drivers and end-market splits across electric vehicles, stationary storage and consumer electronics; profiles the supplier landscape and geographic concentration for every segment; sets out pricing trends and cost structures; and assesses supply-chain risk against the US IRA/Section 45X and the EU Critical Raw Materials Act. A comparative-analysis chapter reconciles all segments into a single value-and-volume view with a regional breakdown, and a scenarios chapter tests sensitivity to chemistry mix, silicon loading, dry-process adoption, sodium-ion substitution and localisation. The study closes with a company-profiles directory spanning cathode, anode, electrolyte, separator, additive, binder, foil, upstream raw-material, cell, solid-state, sodium-ion and recycling players.
Contents summary:
Executive summary — headline forecasts, material growth ranking and company landscapeIntroduction, scope and methodology — the bottom-up GWh ? intensity ? tonnage ? value modelGlobal Li-ion demand and the material-intensity model — demand by application, chemistry mix, end-market splitCathode active materials — LFP, NMC, NCA, LMFP; lithium, nickel, cobalt and manganeseAnode active materials — natural and synthetic graphite; silicon (SiOx, nano-Si, Si-C)Electrolyte — salts (LiPF?, LiFSI), solvents and additivesSeparators — wet and dry base films; ceramic-coatedConductive additives and binders — carbon black, CNT; PVDF, SBR/CMCCurrent collectors — battery-grade copper and aluminium foilDry-electrode (solvent-free) processing — cell, binder and conductive-additive impactModule materials — busbars, interconnects and insulationPack-housing and structural materials — aluminium, steel, composites; CTP/CTB/CTCComparative analysis, regional breakdown and supply-chain risk — including IRA/45X and EU CRMA policyScenarios and sensitivities — chemistry mix, silicon loading, dry-process, sodium-ion, localisationCompany profiles — 439 companies across the value chainAppendices — methodology, full assumptions, demand-model tables, Excel sheet index, company directory and related FMI research
Companies profiled include 24M Technologies, Inc., 2D Fab AB, 3DOM Inc., 6K Energy, AC Biode, Accurec Recycling GmbH, Achelous Pure Metal Company Limited, ACT-ion Battery Technologies, Addionics, Advanced Battery Recycle Co., Ltd. (ABR), Advanced Solid-State Electrolyte Technology Co., Ltd. (ASET), Advano, AE Elemental, AEGIS Critical Energy Defence Corp., AESC, AirMembrane Corporation, Albemarle, Allied Gra[hite, Allye Energy, Alsym Energy, Altairnano / Yinlong, Altech Batteries Ltd., Altilium Clean Technology, Altris AB, AMO Greentech, Ampcera, Inc., Amprius, Inc., Amtex, Anaphite Limited, Anhui Anwa New Energy, Anthro Energy, APB Corporation, Appear Inc., Arcadium Lithium, Argylium, Arkema, Asahi Kasei, Astracite, Ateios Systems, Atlas Materials, Attero Recycling, Australian Advanced Materials, Avanti Battery Company, AZUL Energy Co., Ltd, BAK Power Battery, Base Power, BASF, Basquevolt, Batrec Industrie AG, Battery Pollution Technologies, Battri, BatX Energies, Bedimensional S.p.A, BeePlanet Factory, Beijing Easpring, Beijing WeLion New Energy Technology, Bemp Research Company, BenAn Energy Technology, The BESSt Company, BGT Materials Ltd., Bihar Batteries, Birla Carbon, Biwatt Power, Black Diamond Structures, LLC, Blackstone Resources, Blue Current, Inc., Blue Solutions, Bodi, Inc., Breathe Battery Technologies, BrightVolt, Inc., Broadbit Batteries Oy, Brunp (CATL), BTR New Energy Materials, Inc., BTRY AG, BYD Energy Storage, Cabot Corporation, CALB, California Lithium Battery, CAMX Power, CAPCHEM, Carbon One, CarbonScape Ltd., CarbonX, CATL, CBAK Energy Technology, Inc., CCL Design, CEC Science & Technology Co., Ltd, CellCircle, CellCube, CellsX, CENS Materials Ltd., Central Glass Co., Ltd., Ceylon Graphene Technologies (Pvt) Ltd, Cham Battery Technology, Chasm Advanced Materials, Inc., Chemix, China Sodium-ion Times, Chongqing Tailan New Energy Co., Ltd., Cirba Solutions, Circunomics, CMBlu Energy AG, Cnano Technology (LB Group), CNGR, Connexx Systems Corp, Conovate, Coreshell, Customcells, cylib, Cymbet, Daejoo Electronic Materials, Daqus Energy, Denka, DFD, Do-Fluoride, Domolynx, Donut Lab Oy, Dotz Nano, DOWA Eco-System, Dreamweaver International, Duesenfeld GmbH, E-Magy, Easpring Finland New Materials, EBS Square, Ecellix, Echion Technologies and more...
1 EXECUTIVE SUMMARY
1.1 Report scope
1.2 Headline market size and growth
1.3 Key findings by value-chain segment
1.4 Material growth ranking
1.5 Company landscape at a glance
2 INTRODUCTION, SCOPE & METHODOLOGY
2.1 Study objectives and scope
2.2 Definitions and the boundary of the battery pack
2.3 Bottom-up demand methodology
2.4 Material-intensity framework (kg/kWh)
2.5 Pricing, data sources and assumptions
2.6 Limitations and confidence flags
3 GLOBAL LI-ION DEMAND & THE MATERIAL-INTENSITY MODEL
3.1 Global Li-ion demand by application
3.2 Cathode chemistry-mix evolution
3.3 Regional production of cells
3.4 From GWh to material demand
3.5 From demand to market value
3.6 End-market split (EV, ESS, consumer, other)
4 CATHODE ACTIVE MATERIALS
4.1 Overview and role in the cell
4.2 Chemistry landscape (LFP, NMC, NCA, LMFP)
4.3 Demand outlook by chemistry
4.4 Critical raw material — lithium
4.5 Critical raw material — nickel
4.6 Critical raw materials — cobalt & manganese
4.7 Supply landscape and geographic concentration
4.8 Pricing and cost structure
4.9 Technology & substitution (LMFP, sodium-ion)
4.10 Outlook
5 ANODE ACTIVE MATERIALS
5.1 Overview and role
5.2 Graphite — natural vs synthetic
5.3 Silicon anode materials (SiOx, nano-Si, Si-C)
5.4 Silicon loading roadmap and the 2028–2030 inflection
5.5 Demand outlook
5.6 Supply landscape
5.7 Pricing and cost structure
5.8 Technology & substitution
5.9 Outlook
6 ELECTROLYTE
6.1 Overview and function
6.2 Salts (LiPF?, LiFSI)
6.3 Solvents (EC, DMC, EMC, DEC, PC)
6.4 Additives (VC, FEC)
6.5 Demand outlook
6.6 Supply landscape and pricing
6.7 Outlook
7 SEPARATORS
7.1 Overview and function
7.2 Wet vs dry-process base films
7.3 Ceramic-coated separators
7.4 Demand outlook
7.5 Supply landscape
7.6 Pricing and cost structure
7.7 Outlook
8 CONDUCTIVE ADDITIVES AND BINDERS
8.1 Overview and function
8.2 Conductive additives — carbon black
8.3 Conductive additives — CNT / SWCNT
8.4 Binders — PVDF
8.5 Binders — SBR / CMC
8.6 Demand outlook
8.7 Supply and pricing
9 CURRENT COLLECTORS
9.1 Overview and function
9.2 Battery-grade copper foil
9.3 Battery-grade aluminium foil
9.4 Foil-thickness trends and material efficiency
9.5 Demand outlook
9.6 Supply landscape and pricing
9.7 Outlook
10 DRY-ELECTRODE (SOLVENT-FREE PROCESSING)
10.1 Dry-electrode processing
10.2 Cell market and dry-process adoption
10.3 Impact on the binder market
10.4 Impact on the conductive-additives market
10.5 Cost, capex and qualification barriers
10.6 Outlook
11 MODULE MATERIALS
11.1 Overview — module vs cell-to-pack
11.2 Busbars and interconnects (Cu, Al)
11.3 Module insulation & dielectric films
11.4 Demand outlook (major-material level)
11.5 Supply and pricing
12 PACK-HOUSING & STRUCTURAL MATERIALS
12.1 Overview — the enclosure's structural role
12.2 Aluminium (extruded & die-cast)
12.3 High-strength steel
12.4 Structural composites (SMC/GFRP, CFRP)
12.5 Structural pack integration (CTP/CTB/CTC)
12.6 Demand outlook (major-material level)
12.7 Outlook
13 COMPARATIVE ANALYSIS, REGIONAL BREAKDOWN & SUPPLY-CHAIN RISK
13.1 Cross-material forecast comparison
13.2 Value-vs-volume divergence
13.3 Regional demand & value breakdown
13.4 Supply-chain concentration
13.5 Critical-material supply risk
13.6 Policy landscape (US IRA / 45X, EU CRMA)
13.7 Localisation outlook
14 SCENARIOS & SENSITIVITIES
14.1 Scenario framework
14.2 Chemistry-mix sensitivity
14.3 Silicon-loading sensitivity
14.4 Dry-process adoption sensitivity
14.5 Sodium-ion substitution sensitivity
14.6 Localisation sensitivity
14.7 Combined scenario outcomes
15 COMPANY PROFILES
15.1 Cathode active materials (33 company profiles)
15.2 Anode — graphite & carbon (24 company profiles)
15.3 Anode — silicon (29 company profiles)
15.4 Electrolyte, salts & additives (20 company profiles)
15.5 Separators (11 company profiles)
15.6 Conductive additives (CNT, graphene, carbon black) (28 company profiles)
15.7 Binders (9 company profiles)
15.8 Current collectors (foils) (11 company profiles)
15.9 Upstream raw & critical materials (13 company profiles)
15.10 Li-ion cell & pack manufacturers (43 company profiles)
15.11 Solid-state, Li-metal & Li-S (40 company profiles)
15.12 Sodium-ion materials & cells (18 company profiles)
15.13 Recycling & material recovery (51 company profiles)
15.14 Additional advanced-battery & materials developers (60 company profiles)
16 APPENDICES
16.1 Methodology detail & full assumption set
16.2 Demand-model tables (full annual series to 2037)
16.3 Glossary
17 REFERENCES
1.1 Report scope
1.2 Headline market size and growth
1.3 Key findings by value-chain segment
1.4 Material growth ranking
1.5 Company landscape at a glance
2 INTRODUCTION, SCOPE & METHODOLOGY
2.1 Study objectives and scope
2.2 Definitions and the boundary of the battery pack
2.3 Bottom-up demand methodology
2.4 Material-intensity framework (kg/kWh)
2.5 Pricing, data sources and assumptions
2.6 Limitations and confidence flags
3 GLOBAL LI-ION DEMAND & THE MATERIAL-INTENSITY MODEL
3.1 Global Li-ion demand by application
3.2 Cathode chemistry-mix evolution
3.3 Regional production of cells
3.4 From GWh to material demand
3.5 From demand to market value
3.6 End-market split (EV, ESS, consumer, other)
4 CATHODE ACTIVE MATERIALS
4.1 Overview and role in the cell
4.2 Chemistry landscape (LFP, NMC, NCA, LMFP)
4.3 Demand outlook by chemistry
4.4 Critical raw material — lithium
4.5 Critical raw material — nickel
4.6 Critical raw materials — cobalt & manganese
4.7 Supply landscape and geographic concentration
4.8 Pricing and cost structure
4.9 Technology & substitution (LMFP, sodium-ion)
4.10 Outlook
5 ANODE ACTIVE MATERIALS
5.1 Overview and role
5.2 Graphite — natural vs synthetic
5.3 Silicon anode materials (SiOx, nano-Si, Si-C)
5.4 Silicon loading roadmap and the 2028–2030 inflection
5.5 Demand outlook
5.6 Supply landscape
5.7 Pricing and cost structure
5.8 Technology & substitution
5.9 Outlook
6 ELECTROLYTE
6.1 Overview and function
6.2 Salts (LiPF?, LiFSI)
6.3 Solvents (EC, DMC, EMC, DEC, PC)
6.4 Additives (VC, FEC)
6.5 Demand outlook
6.6 Supply landscape and pricing
6.7 Outlook
7 SEPARATORS
7.1 Overview and function
7.2 Wet vs dry-process base films
7.3 Ceramic-coated separators
7.4 Demand outlook
7.5 Supply landscape
7.6 Pricing and cost structure
7.7 Outlook
8 CONDUCTIVE ADDITIVES AND BINDERS
8.1 Overview and function
8.2 Conductive additives — carbon black
8.3 Conductive additives — CNT / SWCNT
8.4 Binders — PVDF
8.5 Binders — SBR / CMC
8.6 Demand outlook
8.7 Supply and pricing
9 CURRENT COLLECTORS
9.1 Overview and function
9.2 Battery-grade copper foil
9.3 Battery-grade aluminium foil
9.4 Foil-thickness trends and material efficiency
9.5 Demand outlook
9.6 Supply landscape and pricing
9.7 Outlook
10 DRY-ELECTRODE (SOLVENT-FREE PROCESSING)
10.1 Dry-electrode processing
10.2 Cell market and dry-process adoption
10.3 Impact on the binder market
10.4 Impact on the conductive-additives market
10.5 Cost, capex and qualification barriers
10.6 Outlook
11 MODULE MATERIALS
11.1 Overview — module vs cell-to-pack
11.2 Busbars and interconnects (Cu, Al)
11.3 Module insulation & dielectric films
11.4 Demand outlook (major-material level)
11.5 Supply and pricing
12 PACK-HOUSING & STRUCTURAL MATERIALS
12.1 Overview — the enclosure's structural role
12.2 Aluminium (extruded & die-cast)
12.3 High-strength steel
12.4 Structural composites (SMC/GFRP, CFRP)
12.5 Structural pack integration (CTP/CTB/CTC)
12.6 Demand outlook (major-material level)
12.7 Outlook
13 COMPARATIVE ANALYSIS, REGIONAL BREAKDOWN & SUPPLY-CHAIN RISK
13.1 Cross-material forecast comparison
13.2 Value-vs-volume divergence
13.3 Regional demand & value breakdown
13.4 Supply-chain concentration
13.5 Critical-material supply risk
13.6 Policy landscape (US IRA / 45X, EU CRMA)
13.7 Localisation outlook
14 SCENARIOS & SENSITIVITIES
14.1 Scenario framework
14.2 Chemistry-mix sensitivity
14.3 Silicon-loading sensitivity
14.4 Dry-process adoption sensitivity
14.5 Sodium-ion substitution sensitivity
14.6 Localisation sensitivity
14.7 Combined scenario outcomes
15 COMPANY PROFILES
15.1 Cathode active materials (33 company profiles)
15.2 Anode — graphite & carbon (24 company profiles)
15.3 Anode — silicon (29 company profiles)
15.4 Electrolyte, salts & additives (20 company profiles)
15.5 Separators (11 company profiles)
15.6 Conductive additives (CNT, graphene, carbon black) (28 company profiles)
15.7 Binders (9 company profiles)
15.8 Current collectors (foils) (11 company profiles)
15.9 Upstream raw & critical materials (13 company profiles)
15.10 Li-ion cell & pack manufacturers (43 company profiles)
15.11 Solid-state, Li-metal & Li-S (40 company profiles)
15.12 Sodium-ion materials & cells (18 company profiles)
15.13 Recycling & material recovery (51 company profiles)
15.14 Additional advanced-battery & materials developers (60 company profiles)
16 APPENDICES
16.1 Methodology detail & full assumption set
16.2 Demand-model tables (full annual series to 2037)
16.3 Glossary
17 REFERENCES
LIST OF TABLES
Table 1. Headline forecast summary — value, volume and CAGR by segment
Table 2. Leading suppliers by value-chain segment
Table 3. In-scope value-chain segments and materials
Table 4. Material-intensity assumptions by chemistry (kg/kWh)
Table 5. Principal data sources and vintage
Table 6. Li-ion demand by application (GWh)
Table 7. Cathode chemistry mix (% of GWh)
Table 8. Cathode chemistry mix (% of GWh), 2026–2037
Table 9. Aggregate material demand (kt) by segment
Table 10. Aggregate material market value (US$bn) by segment
Table 11. Technical comparison of cathode chemistries
Table 12. Cathode demand and value by chemistry, 2026–2037
Table 13. Nickel content and demand by chemistry
Table 14. Cathode price assumptions by chemistry (US$/kg CAM)
Table 15. Natural vs synthetic graphite comparison
Table 16. Anode material technical comparison
Table 17. Anode demand and value by type
Table 18. Anode price assumptions (US$/kg)
Table 19. Electrolyte salt comparison
Table 20. Solvent mix and function
Table 21. Electrolyte demand and value, 2026–2037
Table 22. Wet vs dry separator comparison
Table 23. Separator demand (m?, kt) and value
Table 24. Separator price assumptions (US$/m?)
Table 25. Conductive-additive comparison
Table 26. Binder-system comparison
Table 27. Additive & binder demand and value
Table 28. Cu vs Al foil specifications
Table 29. Current-collector demand and value
Table 30. Cell market and dry-process share, 2026–2037
Table 31. Binder market by type (incl. PTFE) with growth
Table 32. Conductive-additives market with growth
Table 33. Busbar material demand (kt)
Table 34. Insulation material types
Table 35. Module material demand and value
Table 36. Aluminium enclosure demand (kt)
Table 37. Structural-material comparison
Table 38. Pack-structural material demand and value
Table 39. All segments — value, volume and CAGR, 2026–2037
Table 40. Material value by region, 2026–2037
Table 41. Supply-chain risk matrix by material
Table 42. Key policies affecting material localisation
Table 43. Scenario definitions (base, high, low)
Table 44. Market value by scenario, 2037
Table 45. Full material-intensity assumption set
Table 46. Full price assumption set
Table 47. Technology-adoption and mix levers
Table 48. Global cell output by application (GWh), 2026–2037
Table 49. Cathode chemistry mix (% of GWh), 2026–2037
Table 50. Full demand model, 2026–2037
Table 51. Full value model — market value by segment (US$bn), 2026–2037
Table 52. Material market value by region (US$bn), 2026–2037
Table 53. Glossary of technical terms
Table 1. Headline forecast summary — value, volume and CAGR by segment
Table 2. Leading suppliers by value-chain segment
Table 3. In-scope value-chain segments and materials
Table 4. Material-intensity assumptions by chemistry (kg/kWh)
Table 5. Principal data sources and vintage
Table 6. Li-ion demand by application (GWh)
Table 7. Cathode chemistry mix (% of GWh)
Table 8. Cathode chemistry mix (% of GWh), 2026–2037
Table 9. Aggregate material demand (kt) by segment
Table 10. Aggregate material market value (US$bn) by segment
Table 11. Technical comparison of cathode chemistries
Table 12. Cathode demand and value by chemistry, 2026–2037
Table 13. Nickel content and demand by chemistry
Table 14. Cathode price assumptions by chemistry (US$/kg CAM)
Table 15. Natural vs synthetic graphite comparison
Table 16. Anode material technical comparison
Table 17. Anode demand and value by type
Table 18. Anode price assumptions (US$/kg)
Table 19. Electrolyte salt comparison
Table 20. Solvent mix and function
Table 21. Electrolyte demand and value, 2026–2037
Table 22. Wet vs dry separator comparison
Table 23. Separator demand (m?, kt) and value
Table 24. Separator price assumptions (US$/m?)
Table 25. Conductive-additive comparison
Table 26. Binder-system comparison
Table 27. Additive & binder demand and value
Table 28. Cu vs Al foil specifications
Table 29. Current-collector demand and value
Table 30. Cell market and dry-process share, 2026–2037
Table 31. Binder market by type (incl. PTFE) with growth
Table 32. Conductive-additives market with growth
Table 33. Busbar material demand (kt)
Table 34. Insulation material types
Table 35. Module material demand and value
Table 36. Aluminium enclosure demand (kt)
Table 37. Structural-material comparison
Table 38. Pack-structural material demand and value
Table 39. All segments — value, volume and CAGR, 2026–2037
Table 40. Material value by region, 2026–2037
Table 41. Supply-chain risk matrix by material
Table 42. Key policies affecting material localisation
Table 43. Scenario definitions (base, high, low)
Table 44. Market value by scenario, 2037
Table 45. Full material-intensity assumption set
Table 46. Full price assumption set
Table 47. Technology-adoption and mix levers
Table 48. Global cell output by application (GWh), 2026–2037
Table 49. Cathode chemistry mix (% of GWh), 2026–2037
Table 50. Full demand model, 2026–2037
Table 51. Full value model — market value by segment (US$bn), 2026–2037
Table 52. Material market value by region (US$bn), 2026–2037
Table 53. Glossary of technical terms
LIST OF FIGURES
Figure 1. Total in-scope material market — value and volume, 2026–2037
Figure 2. Material market value by segment, 2026 vs 2037
Figure 3. Segment CAGR vs 2037 market size (bubble)
Figure 4. Anatomy of a Li-ion cell, module and pack
Figure 5. Model architecture: GWh ? material intensity ? tonnage ? value
Figure 6. Li-ion cell output (GWh) by application, 2026–2037
Figure 7. Cell output by region
Figure 8. Material demand by end-market
Figure 9. Cell energy density by cathode chemistry
Figure 10. Cathode active-material demand (kt) by chemistry, 2026–2037
Figure 11. Lithium demand (LCE) and price outlook, 2026–2037
Figure 12. Cathode precursor / CAM capacity by region
Figure 13. Cathode market value forecast, 2026–2037
Figure 14. Graphite demand (kt) — natural vs synthetic
Figure 15. Reversible specific capacity of anode materials
Figure 16. Average silicon-loading scenarios, 2026–2037
Figure 17. Graphite / anode capacity by region
Figure 18. LiPF? vs LiFSI demand, 2026–2037
Figure 19. Electrolyte market value forecast
Figure 20. Electrolyte capacity by region
Figure 21. Separator area demand (m?) and coated share
Figure 22. Separator capacity by region
Figure 23. Conductive-additive market by type
Figure 24. Binder market by type, 2026–2037
Figure 25. Additive / binder value forecast
Figure 26. Copper-foil demand (kt), 2026–2037
Figure 27. Foil-thickness roadmap
Figure 28. Foil capacity by region
Figure 29. Wet vs dry electrode process flow
Figure 30. Dry-process share of cell output
Figure 31. Binder-mix shift (PVDF ? PTFE)
Figure 32. Additive loading — wet vs dry
Figure 33. Module-content trend under CTP / CTB
Figure 34. Module material value, 2026–2037
Figure 35. Pack enclosure architecture (tray, cover, cross-members)
Figure 36. Material split of the enclosure by architecture
Figure 37. Pack-structural market value, 2026–2037
Figure 38. Material market value stack, 2026–2037
Figure 39. Value vs volume growth by segment
Figure 40. Regional share of material value
Figure 41. Geographic concentration (HHI) by segment
Figure 42. Cathode demand under chemistry scenarios
Figure 43. Anode value under silicon scenarios
Figure 44. Binder / additive mix under dry-process scenarios
Figure 45. LFP volume under sodium-ion scenarios
Figure 46. Nuvvon 1 Ah solid-state lithium-ion pouch cells
Figure 1. Total in-scope material market — value and volume, 2026–2037
Figure 2. Material market value by segment, 2026 vs 2037
Figure 3. Segment CAGR vs 2037 market size (bubble)
Figure 4. Anatomy of a Li-ion cell, module and pack
Figure 5. Model architecture: GWh ? material intensity ? tonnage ? value
Figure 6. Li-ion cell output (GWh) by application, 2026–2037
Figure 7. Cell output by region
Figure 8. Material demand by end-market
Figure 9. Cell energy density by cathode chemistry
Figure 10. Cathode active-material demand (kt) by chemistry, 2026–2037
Figure 11. Lithium demand (LCE) and price outlook, 2026–2037
Figure 12. Cathode precursor / CAM capacity by region
Figure 13. Cathode market value forecast, 2026–2037
Figure 14. Graphite demand (kt) — natural vs synthetic
Figure 15. Reversible specific capacity of anode materials
Figure 16. Average silicon-loading scenarios, 2026–2037
Figure 17. Graphite / anode capacity by region
Figure 18. LiPF? vs LiFSI demand, 2026–2037
Figure 19. Electrolyte market value forecast
Figure 20. Electrolyte capacity by region
Figure 21. Separator area demand (m?) and coated share
Figure 22. Separator capacity by region
Figure 23. Conductive-additive market by type
Figure 24. Binder market by type, 2026–2037
Figure 25. Additive / binder value forecast
Figure 26. Copper-foil demand (kt), 2026–2037
Figure 27. Foil-thickness roadmap
Figure 28. Foil capacity by region
Figure 29. Wet vs dry electrode process flow
Figure 30. Dry-process share of cell output
Figure 31. Binder-mix shift (PVDF ? PTFE)
Figure 32. Additive loading — wet vs dry
Figure 33. Module-content trend under CTP / CTB
Figure 34. Module material value, 2026–2037
Figure 35. Pack enclosure architecture (tray, cover, cross-members)
Figure 36. Material split of the enclosure by architecture
Figure 37. Pack-structural market value, 2026–2037
Figure 38. Material market value stack, 2026–2037
Figure 39. Value vs volume growth by segment
Figure 40. Regional share of material value
Figure 41. Geographic concentration (HHI) by segment
Figure 42. Cathode demand under chemistry scenarios
Figure 43. Anode value under silicon scenarios
Figure 44. Binder / additive mix under dry-process scenarios
Figure 45. LFP volume under sodium-ion scenarios
Figure 46. Nuvvon 1 Ah solid-state lithium-ion pouch cells
