BB Cream Market Size, Share & Trends Analysis Report By Skin (Dry, Normal, Oily, Combination), By End-use, By SPF (Below 15 SPF, Between 15-30 SPF), By Packaging, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

September 2024 | 80 pages | ID: B59C2FE5FB7EEN
Grand View Research, Inc.

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Battery Market Growth & Trends

The global battery market size is anticipated to reach USD 329.84 billion by 2030 and is projected to grow at a CAGR of 16.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. This robust growth is driven primarily by the increasing adoption of electric vehicles (EVs) and the expanding demand for renewable energy storage solutions. As governments worldwide push for greener technologies and lower carbon emissions, the demand for batteries-especially lithium-ion batteries-has surged, given their efficiency, longevity, and versatility across multiple applications.

A significant trend shaping the global market is the shift towards sustainable energy solutions. The growing emphasis on renewable energy sources, such as solar and wind, necessitates reliable energy storage systems to manage the intermittent nature of these power sources. Batteries play a critical role in stabilizing the grid and ensuring consistent energy supply, thereby driving their demand across residential, commercial, and industrial sectors. In addition, advancements in battery technology, such as improvements in energy density and faster charging capabilities, are making batteries more attractive for large-scale energy storage applications.

The rise of the electric vehicle market is another key factor propelling battery demand. With countries like China, the United States, and those in Europe setting ambitious targets for EV adoption and phasing out internal combustion engines, the need for efficient, high-capacity batteries has become more pressing. Automakers are increasingly investing in battery technology to enhance vehicle range, reduce charging times, and lower overall costs. This trend is expected to drive substantial growth in the automotive battery segment, particularly for lithium-ion batteries, which remain the preferred choice for EV manufacturers.

Technological innovation is also a major trend in the global market. Companies are investing heavily in research and development to create next-generation batteries, such as solid-state batteries and lithium-sulfur batteries, which promise higher energy densities, greater safety, and longer lifespans. These advancements are anticipated to open new opportunities across various sectors, from consumer electronics to aerospace and defense, further expanding the market's potential. In addition, the declining cost of batteries due to economies of scale and improved manufacturing processes is making them more accessible, accelerating their adoption in both developed and developing regions.

The market is witnessing increased focus on sustainability and recycling. As battery demand grows, so does the concern over sourcing raw materials like lithium, cobalt, and nickel, which are essential for battery production but often involve environmentally and ethically questionable practices. In response, there is a growing emphasis on developing sustainable supply chains, improving recycling processes, and exploring alternative materials to reduce the environmental footprint of battery production. These efforts are expected to foster long-term growth and resilience in the global market, ensuring its alignment with global sustainability goals.

Battery Market Report Highlights
  • The lithium ion segment led the market with the largest revenue share of 43.02% in 2023, owing to their high energy density, long cycle life, and widespread use in electric vehicles, consumer electronics, and renewable energy storage. Their declining costs and technological advancements have further accelerated their adoption across various applications, solidifying their market dominance
  • Based on end use, the automobile segment led the market with the largest revenue share of 31.63% in 2023, owing to the rapid growth of electric vehicles (EVs) and hybrid vehicles, which require advanced batteries for performance and range. Government incentives and environmental regulations are further boosting the demand for automotive batteries, driving their significant market share
  • Based on application, the automotive batteries segment is expected to grow at the fastest CAGR of 16.6% during the forecast period, owing to the accelerating adoption of electric vehicles (EVs) and hybrids, which require advanced battery technologies for improved range and efficiency. Increasing government support and consumer demand for cleaner transportation solutions are also driving this rapid growth
  • Europe is expected to grow at the fastest CAGR of 20.4% over the forecast period, fueled by strong government policies promoting electric vehicles, significant investments in renewable energy storage, and the development of local battery manufacturing capabilities. The region's focus on sustainability and reducing carbon emissions further accelerates market growth
  • In March 2024, 24M Technologies, a Massachusetts-based battery technology company, introduced 'Liforever', a direct material recycling technique for semi-solid lithium-ion batteries for electric vehicles and energy storage systems. This technology helps reduce the environmental impact of lithium-ion batteries by allowing efficient and cost-effective recovery and reuse of battery ingredients such as lithium iron phosphate (LFP), both during the manufacturing process and at the end of life
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation& Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot

CHAPTER 3. BB CREAM MARKET VARIABLES, TRENDS, & SCOPE

3.1. Market Lineage Outlook
  3.1.1. Parent Market Outlook
  3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
  3.2.1. Sales/Retail Channel Analysis
  3.2.2. Profit Margin Analysis
3.3. Market Dynamics
  3.3.1. Market Driver Analysis
  3.3.2. Market Restraint Analysis
  3.3.3. Industry Challenges
  3.3.4. Industry Opportunities
3.4. Industry Analysis Tools
  3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies

CHAPTER 4. CONSUMER BEHAVIOR ANALYSIS

4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Decisions
4.4. Consumer Product Adoption Trends
4.5. Observations & Recommendations

CHAPTER 5. BB CREAM MARKET: SKIN ESTIMATES & TREND ANALYSIS

5.1. Skin Movement Analysis & Market Share, 2023 & 2030
5.2. BB Cream Market Estimates & Forecast, By Skin, 2018 to 2030 (USD Million)
  5.2.1. Dry
    5.2.1.1. Dry Market Estimates & Forecasts, 2018 to 2030 (USD Million)
  5.2.2. Normal
    5.2.2.1. Normal Market Estimates & Forecasts, 2018 to 2030 (USD Million)
  5.2.3. Oily
    5.2.3.1. Oily Market Estimates & Forecasts, 2018 to 2030 (USD Million)
  5.2.4. Combination
    5.2.4.1. Combination Market Estimates & Forecasts, 2018 to 2030 (USD Million)
  5.2.5. Sensitive
    5.2.5.1. Sensitive Market Estimates & Forecasts, 2018 to 2030 (USD Million)

CHAPTER 6. BB CREAM MARKET: END USE ESTIMATES & TREND ANALYSIS

6.1. End Use Movement Analysis & Market Share, 2023 & 2030
6.2. BB Cream Market Estimates & Forecast, By End Use, 2018 to 2030 (USD Million)
  6.2.1. Women
    6.2.1.1. Women Market Estimates & Forecasts, 2018 to 2030 (USD Million)
  6.2.2. Men
    6.2.2.1. Men Market Estimates & Forecasts, 2018 to 2030 (USD Million)

CHAPTER 7. BB CREAM MARKET: SPF ESTIMATES & TREND ANALYSIS

7.1. SPF Movement Analysis & Market Share, 2023 & 2030
7.2. BB Cream Market Estimates & Forecast, By SPF, 2018 to 2030 (USD Million)
  7.2.1. Below 15 SPF
    7.2.1.1. Below 15 SPF Market Estimates & Forecasts, 2018 to 2030 (USD Million)
  7.2.2. Between 15-30 SPF
    7.2.2.1. Between 15-30 SPF Market Estimates & Forecasts, 2018 to 2030 (USD Million)
  7.2.3. Above 30 SPF
    7.2.3.1. Above 30 SPF Market Estimates & Forecasts, 2018 to 2030 (USD Million)

CHAPTER 8. BB CREAM MARKET: PACKAGING ESTIMATES & TREND ANALYSIS

8.1. Packaging Movement Analysis & Market Share, 2023 & 2030
8.2. BB Cream Market Estimates & Forecast, By Packaging, 2018 to 2030 (USD Million)
  8.2.1. Bottle / Tube
    8.2.1.1. Bottle / Tube Market Estimates & Forecasts, 2018 to 2030 (USD Million)
  8.2.2. Air Cushion
    8.2.2.1. Air Cushion Market Estimates & Forecasts, 2018 to 2030 (USD Million)

CHAPTER 9. BB CREAM MARKET: DISTRIBUTION CHANNEL ESTIMATES & TREND ANALYSIS

9.1. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
9.2. BB Cream Market Estimates & Forecast, By Distribution Channel, 2018 to 2030 (USD Million)
  9.2.1. Offline
    9.2.1.1. Offline Market Estimates & Forecasts, 2018 to 2030 (USD Million)
  9.2.2. Online
    9.2.2.1. Online Market Estimates & Forecasts, 2018 to 2030 (USD Million)

CHAPTER 10. BB CREAM MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

10.1. BB Cream Market Share, By Region, 2023 & 2030, USD Million
10.2. North America
  10.2.1. North America BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.2.2. U.S.
    10.2.2.1. U.S. BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.2.3. Canada
    10.2.3.1. Canada BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.2.4. Mexico
    10.2.4.1. Mexico BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
10.3. Europe
  10.3.1. Europe BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.3.2. UK
    10.3.2.1. UK BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.3.3. Germany
    10.3.3.1. Germany BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.3.4. France
    10.3.4.1. France BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.3.5. Italy
    10.3.5.1. Italy BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.3.6. Spain
    10.3.6.1. Spain BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
10.4. Asia Pacific
  10.4.1. Asia Pacific BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.4.2. China
    10.4.2.1. China BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.4.3. Japan
    10.4.3.1. Japan BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.4.4. India
    10.4.4.1. India BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.4.5. Australia
    10.4.5.1. Australia BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.4.6. South Korea
    10.4.6.1. South Korea BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
10.5. Latin America
  10.5.1. Latin America BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.5.2. Brazil
    10.5.2.1. Brazil BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
10.6. Middle East and Africa
  10.6.1. Middle East and Africa BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  10.6.2. UAE
    10.6.2.1. UAE BB Cream Market Estimates and Forecasts, 2018 - 2030 (USD Million)

CHAPTER 11. COMPETITIVE LANDSCAPE

11.1. Recent Developments & Impact Analysis by Key Market Participants
11.2. Company Categorization
11.3. Company Heat Map Analysis
11.4. Company Profiles
  11.4.1. Procter & Gamble
    11.4.1.1. Participant’s Overview
    11.4.1.2. Financial Performance
    11.4.1.3. Product Benchmarking
    11.4.1.4. Recent Developments/ Strategic Initiatives
  11.4.2. Shiseido Company, Limited
    11.4.2.1. Participant’s Overview
    11.4.2.2. Financial Performance
    11.4.2.3. Product Benchmarking
    11.4.2.4. Recent Developments/ Strategic Initiatives
  11.4.3. LVMH
    11.4.3.1. Participant’s Overview
    11.4.3.2. Financial Performance
    11.4.3.3. Product Benchmarking
    11.4.3.4. Recent Developments/ Strategic Initiatives
  11.4.4. L'ORЙAL GROUPE
    11.4.4.1. Participant’s Overview
    11.4.4.2. Financial Performance
    11.4.4.3. Product Benchmarking
    11.4.4.4. Recent Developments/ Strategic Initiatives
  11.4.5. Coty Inc.
    11.4.5.1. Participant’s Overview
    11.4.5.2. Financial Performance
    11.4.5.3. Product Benchmarking
    11.4.5.4. Recent Developments/ Strategic Initiatives
  11.4.6. Unilever
    11.4.6.1. Participant’s Overview
    11.4.6.2. Financial Performance
    11.4.6.3. Product Benchmarking
    11.4.6.4. Recent Developments/ Strategic Initiatives
  11.4.7. Estйe Lauder Companies
    11.4.7.1. Participant’s Overview
    11.4.7.2. Financial Performance
    11.4.7.3. Product Benchmarking
    11.4.7.4. Recent Developments/ Strategic Initiatives
  11.4.8. Avon Products
    11.4.8.1. Participant’s Overview
    11.4.8.2. Financial Performance
    11.4.8.3. Product Benchmarking
    11.4.8.4. Recent Developments/ Strategic Initiatives
  11.4.9. CHANEL
    11.4.9.1. Participant’s Overview
    11.4.9.2. Financial Performance
    11.4.9.3. Product Benchmarking
    11.4.9.4. Recent Developments/ Strategic Initiatives
  11.4.10. Revlon
    11.4.10.1. Participant’s Overview
    11.4.10.2. Financial Performance
    11.4.10.3. Product Benchmarking
    11.4.10.4. Recent Developments/ Strategic Initiatives


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