Lithium Ion Battery Metals Industry to reach $286,085.77 million by 2031, Growing at a CAGR of 34.00% - BIS Reports
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The Lithium-Ion Battery Metals Market was valued at $14,539.70 million in 2021 and is expected to reach $286,085.77 million by 2031, growing at a CAGR of 34.00% between 2022 and 2031. The lithium-ion battery metals market is driven by several factors, including the surging demand for Li-ion batteries from the automotive industry, consumer electronics, and energy storage systems. In recent years, Li-ion batteries have registered an exponential surge in demand from the automotive industry, with sales of electric vehicles (EVs) reaching record heights.
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Tanzeel Obaid
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