Metal Li-based Battery Casing Market Overview:
Global Metal Li-based Battery Casing Market size and share is currently valued at USD 780.14 million in 2024 and is anticipated to generate an estimated revenue of USD 4,057.21 million by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 18.00% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
Key Market Drivers:
- Electric Vehicle (EV) Expansion: The rapid growth of the EV market has increased demand for durable and lightweight battery casings, essential for vehicle performance and safety.
- Consumer Electronics Demand: The proliferation of portable electronic devices necessitates compact and efficient battery casings, driving market growth.
- Advancements in Battery Technology: Innovations in fast-charging and high-capacity batteries require compatible casing solutions, fostering market development.
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Key Companies in Metal Li-based Battery Casing Market:
- Constellium
- Gestamp Automoción, S.A.
- GF Casting Solutions
- Gränges
- Magna International Inc.
- MINTH GROUP
- Nemak
- UACJ Corporation
- thyssenkrupp AG
- Targray Technology International Inc.
- Novelis
- Norsk Hydro ASA
Metal Li-based Battery Casing – Research Scope
The research scope for metal lithium-based battery casings includes advancements in material science to develop lightweight, durable, and thermally stable casings for high-performance batteries. Studies also focus on compatibility with fast-charging technologies, recycling and sustainability aspects, and integration in electric vehicles and consumer electronics. Emerging manufacturing technologies and their cost-effectiveness are also critical areas of investigation.
Metal Li-based Battery Casing Market Segmentation:
The market is segmented by material type, end-use, and region. Material types include aluminum, stainless steel, and composites. End-use applications focus on electric vehicles, consumer electronics, and energy storage systems. Regional segmentation includes North America, Europe, Asia-Pacific, and Latin America, with Asia-Pacific dominating due to its leadership in EV production and battery manufacturing.
Metal Li-based Battery Casing Market, Type Outlook (Revenue – USD Million, 2020-2034)
- Primary
- Rechargeable
Metal Li-based Battery Casing Market, Application Outlook (Revenue – USD Million, 2020-2034)
- Automotive
- Consumer Electronics
- Industrial
- Energy Storage Solutions
Metal Li-based Battery Casing Industry Developments:.
- July 2024: Minth Group Co., Ltd., a leading global manufacturer of automotive components, signed a memorandum of understanding with the Government of Serbia to establish a new manufacturing facility. This facility will focus on producing battery housings for electric vehicles, positioning the company as a key supplier of battery enclosures and body structure components.
- May 2024: Gränges, a global leader in aluminum rolling and recycling, extended its long-term strategic partnership with Shandong Innovation Group (SIG). This collaboration aims to enhance competitiveness and market share by providing Gränges access to scalable downstream operations, enabling efficient manufacturing and delivery of battery housings to support the growing electric vehicle (EV) market.
The Metal Li-based Battery Casing market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.