The battery industry is driven by the rapid growth of hybrid and electric vehicles, increasing demand for lithium-ion batteries in renewable energy, and expanding consumer electronics markets, though safety regulations and inadequate charging infrastructure pose significant challenges.

Advancements in generative AI are impacting battery research, including material prediction, design, process optimization, and lifecycle management, while tariffs influence global supply chains and pricing.

Major players such as BASF, POSCO Future M, Asahi Kasei, Umicore, and Sumitomo Metal Mining are actively adopting strategies like agreements, joint ventures, and innovation initiatives to expand their market share.

The lead-acid battery segment is expected to hold the second-largest market share due to its widespread use in automotive, industrial backup power, and off-grid energy storage, supported by ongoing technological improvements.

Industry trends include case studies on lithium-ion batteries in Toyota vehicles, battery metals recovery efforts by Redwood Materials, and innovations like high-nickel cathodes and lithium metal batteries.

The global battery materials market is projected to grow from USD 83.95 billion in 2025 to USD 147.93 billion by 2030 at a CAGR of 13.7%, driven by the shift toward electrification, renewable energy storage, and portable electronics.

Tariffs, especially those implemented during the Trump administration, continue to impact market prices and regional dynamics, affecting industries such as electric vehicles, portable devices, and industrial applications.

Emerging technologies like high-nickel cathodes, lithium metal batteries, and the influence of generative AI are shaping the future of battery material development and manufacturing.

North America is expected to be the second-largest market by volume, fueled by rising electric vehicle adoption, renewable energy initiatives, government support, and investments in domestic manufacturing.

The portable device segment is forecasted to hold the second-largest market share, driven by increasing consumer demand for smartphones, laptops, wearables, and advancements in battery miniaturization, fast-charging, and battery life.