Lithium Metal Polymer Battery Market

Global Lithium Metal Polymer Battery Market Analysis and Opportunity Assessment by Material, Product Type, Voltage, Power Capacity, End-Use Industry, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 5,573.5 Mn between 2022 and 2032

Category: Chemicals & Materials Published Date : October 2022 ID: CVC-00308 Format: PDF Pages: 320

Lithium Metal Polymer Battery Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Lithium Metal Polymer Battery Market grew at a CAGR of 13.4% between 2017-2021 and is estimated to be US$ 1,432.9 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 17.2% and is expected to reach a valuation of US$ 7,006.4 Mn by 2032 end.

Major uses for lithium-ion batteries include communications, aircraft, and the integration of renewable energy with grid technologies. Due to its ability to store the highest amount of power generating capacity in a tiny and lightweight package, lithium-ion batteries are becoming more and more popular.

Market Dynamic


The sustained growth of the electric vehicle market is due to increasing demand for electric vehicles and the rising adoption of consumer electronics. Rising disposable income and the need for internet usage have further boosted the demand for smart consumer electronics. Apart from the consumer electronics stream, lithium-ion batteries have major applications in the integration of renewable energy with grid technology, telecommunication, and even aerospace


The lithium-ion battery market is expected to grow, albeit at a slow pace, over the next five years. However, the technology faces intense competition from alternative energy sources such as flow, zinc, and high-temperature, which are more energy efficient and have higher efficiency rates than their lithium-ion counterparts.


The growth of the recycling of lithium-ion batteries has increased in the past few years. Though there are many opportunities in this market, it is still expected to increase even further soon. Shortage of metals used in manufacturing will affect global production trends, which ultimately may push up prices and restrict demand for recycled materials

COVID-19 Impact

The COVID-19 virus has been a major restraint to the market growth owing to several factors, including reducing operational costs by end-users and disrupting the accessibility of spare parts due to sluggish manufacturing activities and logistics issues. Battery suppliers have taken subsequent steps to ensure their services to end-users who have signed long-term contracts.

Lithium Metal Polymer Battery Market

Market Segments Covered in Report

By Material:

  • Cathode Material
    • Cathode Material for Lithium-Ion Batteries
      • Lithium iron phosphate
      • Lithium iron cobalt oxide
      • Lithium nickel manganese cobalt
      • Lithium nickel cobalt aluminum
      • Lithium manganese oxide
    • Anode Materials
      • Anode Material for Lithium-Ion Batteries
        • Natural graphite
        • Artificial graphite
        • Another anode material
      • Electrolyte Material
      • Separator Material
      • Current collector Materials
      • Other Materials

By Product Type:

  • Components of Lithium-ion Battery
    • Cells
    • Battery Packs
  • Portability
    • Stationary
    • Portable

By Voltage:

  • Low (Below 12 V)
  • Medium (12 V-36 V)
  • High (Above 36 V)

By Power Capacity:

  • 0 to 3000mAh
  • 3000mAh to 10000mAh
  • 10000mAh to 60000mAh
  • More than 60000mAh

By End-Use Industry

  • Consumer Electronics
    • Smartphones
    • UPS
    • Laptops
    • Others
  • Automotive
    • Plug-in Hybrid Vehicles
  • Aerospace
    • Commercial Aircraft
  • Marine
    • Commercial
    • Tourism
  • Medical
  • Industrial
    • Mining Equipment
    • Construction Equipment
    • Forklifts, automated guided vehicles (AGV), and automated mobile robots (AMR)
  • Power
  • Telecommunication

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is lithium cobalt oxide projected to ensure the most revenue during the forecast period?

At 30.0% of the market, lithium-ion batteries had the greatest revenue share. Due to their lightweight, low cost, and restricted coverage area, lithium-ion batteries are expected to increase demand for energy storage systems. The lithium-ion Lithium Metal Polymer Battery systems market will also rise due to increasing infrastructure investment from the residential, industrial, and commercial sectors.

Why is the power industry expected to expand the fastest during the forecast period?

The power industry is expected to grow at the highest CAGR in the coming years. The need for peak electricity demand is one of the major factors driving the growth of this segment. Regarding energy storage, batteries offer flexibility in terms of providing frequency and voltage control if renewable sources like solar and wind are adopted at a large scale.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • In 2021, the North American market held a sizeable revenue share of 30.5%. Recently, North America has emerged as a global manufacturing hub resulting in the increased adoption of tools powered by lithium-ion batteries. Moreover, the region has the world’s largest population, resulting in high sales of consumer electronics such as mobiles and laptops in North America that utilize lithium-ion batteries for their operations.
  • The Asia Pacific market is a global leader in the sales of battery-electric scooters and e-bikes. The region has the largest population in the world and, consequently, high demand and penetration for tools powered by lithium-ion batteries. The increased use of these batteries for consumer electronic devices such as mobiles and laptops has led to the popularity of scooters over traditional bikes.

Competition Analysis

Major corporations are utilizing organic and inorganic development tactics to strengthen their position in the market by diversifying the products they provide.

A list of some of the key suppliers present in the market are:

  • BYD Company Ltd.
  • Duracell Inc.
  • Hitachi, Ltd.
  • Johnson Controls
  • LG Chem
  • Panasonic Corporation
  • Renault Group
  • Samsung SDI Co., Ltd.
  • Tesla

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Material, Product Type, Voltage, Power Capacity, End-Use Industry, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request