Printer Friendly

US BATTERY & FUEL CELL MATERIALS TO GROW 6.5% ANNUALLY THROUGH THE YEAR 2005.

Demand for materials used in the production of batteries and fuel cells is forecast to grow 6.5 percent annually to $3.1 billion in 2005. While most applications will record healthy increases, demand overall will be driven by the torrid pace set by lithium batteries and fuel cells, which are expected to offer strong market opportunities by 2010. Robust gains are expected for materials used in high-performance alkaline batteries and a variety of novel rechargeable systems. Polymers, carbon materials, lithium salts, solvents, ceramics, glass fibers and lower-volume metals such as lithium, platinum and nickel (outside of nickel-cadmium uses) will record the fastest gains. These and other trends are presented in Battery & Fuel Cell Materials, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

Growth in battery markets is being driven by the rapid spread of wireless communications and strong sales of consumer electronics such as camcorders. This has created robust demand for batteries which are smaller, more powerful and longer-lasting, especially in high-drain situations. The fastest growth in the battery sector is expected in lithium salts, solvents, high-purity nickel powders and chemicals, and polymers, although nearly all materials used in lithium and newer rechargeable systems will record hearty gains.

Environmental concerns will continue to restrict the use of products such as mercury, cadmium and cobalt, although this offers opportunities for alternatives like nickel. Recycling activity and trends that feature component downsizing will restrain volume gains, as will market maturity in key segments such as lead-acid battery manufacture. Production of lower-cost, lower-performance batteries such as zinc-carbons will continue to move out of the US, which will restrain material use in those applications. Finally, cost control will remain a key issue and will promote the substitution of less expensive ingredients when performance parameters allow.

The market for materials in fuel cells is currently small but is expected to increase a rapid 48.4 percent annually through the year 2005. Material development is critical to the successful commercialization of fuel cells, with a focus on materials which improve performance while reducing manufacturing and operating costs. While all materials will grow robustly from very small bases, the strongest gains are expected for metal catalysts (particularly platinum and other noble metals), carbon/ graphite, polymers (especially those used in bipolar plates and as membrane electrolytes) and ceramics.
US BATTERY & FUEL CELL MATERIALS DEMAND
(million dollars)

 % Annual Growth
Item 1990 2000 2005 00/90 05/00

Battery & Fuel Cell Material Demand 1430 2290 3135 4.8 6.5
 Metals 854 1320 1695 4.5 5.1
 Chemicals 335 570 805 5.5 7.1
 Polymers 109 184 300 5.4 10.3
 Carbon/Graphite 58 76 117 2.7 9.0
 Other 74 140 218 6.6 9.3

[C] 2001 by The Freedonia Group, Inc.



Battery & Fuel Cell Materials (published 9/2001, 202 pages) is available for $3,700 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail pr@freedoniagroup.com. Information may also be obtained through

A limited license to use or reprint information from this news release is granted to you provided attribution for same -- including, if possible, the price of the report -- is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
COPYRIGHT 2001 Subscription: $00.00 per year as of 1/94. Published irregularly. Contact Freedonia Group, 3570 Warrensville Cente
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Growth in battery markets
Comment:US BATTERY & FUEL CELL MATERIALS TO GROW 6.5% ANNUALLY THROUGH THE YEAR 2005.(Growth in battery markets )
Publication:Research Studies - Freedonia Group
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 2, 2001
Words:573
Previous Article:US NATURAL POLYMERS DEMAND TO GROW 6.4% ANNUALLY THROUGH THE YEAR 2005.
Next Article:WORLD PHARMACEUTICAL PACKAGING DEMAND TO REACH US$18.2 BILLION IN THE YEAR 2005.
Topics:


Related Articles
US UNINTERRUPTIBLE POWER SUPPLIES TO GROW OVER 7% ANNUALLY THROUGH THE YEAR 2005.
US BATTERIES DEMAND TO GROW 6.6% ANNUALLY THROUGH THE YEAR 2005.
US PORTABLE POWER SUPPLIES MARKET TO GROW OVER 7% ANNUALLY THROUGH THE YEAR 2005.
US battery & fuel cell components demand to reach $4.8 billion in 2007.
US Battery & Fuel Cell Materials demand to reach $3 billion in 2007.
US battery & fuel cell materials demand to reach $3.4 billion in 2009.
World battery demand to approach $74 billion in 2010.
SOFC: the other fuel cell.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |