Rising Demand for Electric Vehicles Drives Battery Chemicals Market Trends The global battery chemicals market size was valued at USD 73.45 billion in 2023 and is projected to grow from USD 78.42 billion in 2024 to USD 130.86 billion by 2031, exhibiting a CAGR of 7.59% during the forecast period.
Market Growth Drivers
Electric Vehicle (EV) Proliferation: The surge in EV adoption globally is a primary driver for the battery chemicals market. Governments are...