With the EV-boom comes the increased demand for batteries and necessary battery components. Due to the rapid growth and ongoing deglobalization of the advanced battery market, chemical companies can take on a significant and untapped opportunity to participate in a USD ~150 bn (2030) battery materials market.
In this article, part of the “Electrification in the age of deglobalization” series, Jonathan Wright and Erwin Douma (Partners at Roland Berger) elaborate on the once in a hundred-year opportunity for chemical companies to enter a booming market which will become mainstream by the end of this decade. Today, 80% of battery cell production capacity and 60% of demand is based in China, but we can already see the winds of change. Capturing this opportunity will require bold decision-making and partnering ability.
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You can find the other articles here:
The future of EVs in an increasingly deglobalized world
The EU’s new battery regulations