Battery Materials Companies

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% during the forecast period. The battery materials market is experiencing strong growth, driven by the widespread adoption of EVs worldwide, increasing production of consumer electronics, and rising demand for large-scale energy storage solutions. Government policies aimed at reducing carbon emissions, infrastructure expansion for renewable energy, and significant investments in clean technology are boosting market momentum.

Battery Materials Companies

BASF (Germany), POSCO Future M (South Korea), Asahi Kasei Corporation (Japan), Umicore (Belgium), and Sumitomo Metal Mining Co., Ltd. (Japan) fall into the winners’ category. These companies are leading players worldwide in the battery materials market based on their production capacities. These players use strategies such as agreements, joint ventures, expansions, and others to grow their market share.

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BASF (Germany)

BASF, a leader in chemical manufacturing for over a century, operates through 12 divisions organized into six segments: Chemicals, Materials, Industrial Solutions, Nutrition & Care, Surface Technologies, and Agricultural Solutions. The Chemicals segment provides essential basic chemicals and intermediates to external customers and other BASF divisions. BASF develops advanced plastics and their precursors in the Materials segment, serving various processing industries.

The Industrial Solutions segment focuses on developing ingredients and additives for various industrial uses. Through the Nutrition & Care segment, BASF provides high-quality ingredients used in consumer products, including human nutrition and household cleaning agents. The Surface Technologies segment offers innovative chemical solutions for surface applications, such as automotive OEM coatings, battery materials, and catalysts. The Agricultural Solutions segment delivers a wide range of products and services, including seeds, crop protection solutions, and digital tools to promote sustainable farming practices. The company maintains a global presence with 235 production sites in 92 countries across North America, South America, Asia Pacific, Europe, and the Middle East & Africa.

POSCO Future M (South Korea)

POSCO Future M is a subsidiary of the POSCO Group. The company plays a vital role in the rechargeable battery materials industry, advancing the green energy shift with industry-leading products and cutting-edge technologies. It is also engaged in the construction and maintenance of refractories. The company's operations are divided into three main divisions: Battery Materials, Advanced Chemical Materials, and Basic Industrial Materials.

The company offers a variety of essential components for rechargeable batteries, including cathode and anode active materials. It supplies lithium-ion battery anode material through its Battery Materials division. Regarding anode active materials (AAM), the company provides natural graphite anode materials known for their high conductivity, energy density, and longevity.

POSCO Future M operates in the Asia Pacific and North America, with facilities in South Korea, China, Canada, the US, and Indonesia. The company has manufacturing plants in Sejong, Seoul, Gumi, Pohang, and Gwangyang.

Asahi Kasei Corporation (Japan)

Asahi Kasei Corporation has over 100 years of experience in the chemical manufacturing industry. It is a leading manufacturer of lithium-ion battery and lead-acid battery separators, providing high-quality, innovative, and sustainable solutions in the battery market. The company operates through three major business segments: Health Care, Materials, and Homes. Separators are produced within the Materials segment. This segment includes three sub-segments: Life Innovation, Mobility & Industrial, and Environmental Solutions. Asahi Kasei Corporation has a global presence in more than 20 countries across North America, Europe, and the Asia Pacific.

Umicore (Belgium)

Umicore is a global material technology and recycling company. It serves a wide range of industries, including energy, automotive, recycling, chemicals, manufacturing, optics & displays, precious metals, and electronics. The company operates through four segments: recycling, catalysis, specialty materials, and battery materials. Under its battery materials segment, it supplies lithium-ion battery materials and other products such as cathode active materials (CAM), precursors (pCAM), and chemicals for cobalt and nickel used in batteries. Umicore operates in more than 90 countries across Europe, North America, Asia Pacific, South America, and Africa, with over 40 production sites and 15 R&D centers worldwide.

Sumitomo Metal Mining Co., Ltd. (Japan)

Sumitomo Metal Mining Co., Ltd., commonly called SMM, is a worldwide leader in producing and supplying materials for the lithium-ion battery industry. The company operates through three segments: mineral resources, smelting & refining, and materials.

The materials business segment includes batteries, crystals, powders, packaging, catalysts, and construction materials. The battery materials division develops and markets cathode materials such as lithium nickel cobalt aluminum oxide (NCA), lithium nickel manganese cobalt oxide (NMC), and nickel hydroxide. The company mainly operates in Japan but also has a strong presence in China, the US, the Philippines, Australia, Chile, Peru, and other countries.

Market Ranking

In the global battery materials market, companies are ranked based on revenue, production capacity, technological innovation, and market presence. Leading players such as BASF (Germany), POSCO Future M (South Korea), Asahi Kasei Corporation (Japan), Umicore (Belgium), and Sumitomo Metal Mining Co., Ltd. (Japan) play a crucial role in global supply, accounting for a significant share of total battery materials production and exports. Key players continually invest in capacity expansions and strategic alliances to strengthen their market position. Strategic agreements, joint ventures, expansions, and other initiatives are key competitive forces shaping the market, as companies aim to enhance scalability, manufacturing efficiency, and cost-effectiveness in response to increasing demand in the chemical sector and global sustainability regulations.

Related Reports:

Battery Materials Market by Battery Type (Lead-Acid, Lithium-Ion), Material [Cathode (LFP, LCO, NMC, NCA, LMO), Anode, Electrolyte], Application (Automotive, Electric Vehicles, Portable Devices, Industrial), and Region - Global Forecast to 2030