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Stock impact report

Battery Materials Market to Reach USD 89.27 Billion by 2032, Fueled by Growing Demand for Electric Vehicles and Renewable Energy Solutions | SNS Insider [Yahoo! Finance]

FMC Corporation (FMC) 
Last fmc corporation earnings: 2/5 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Austin, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Market Size & Growth Insights: According to the SNS Insider, “The Battery Materials Market Size was valued at USD 43.63 billion in 2023 and is expected to reach USD 89.27 billion by 2032, growing at a CAGR of 8.31% over the forecast period 2024-2032.” Rising Demand for Energy Storage Drives Growth in the Battery Materials Market The Battery Materials Market is experiencing rapid growth due to the increasing demand for energy storage across various industries. As more individuals and companies transition to electric vehicles (EVs), the demand for advanced batteries and their materials has surged. In 2023, lithium demand reached approximately 140 kilotonnes (kt), accounting for 85% of total lithium demand, with cobalt demand standing at 150 kt, making up 70% of total cobalt demand. Governments are pushing for cleaner transportation solutions, with hybrid and electric vehicles reducing life-cycle emissions by up to 89%. Additionally, the r Show less Read more
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