LG Chem unveiled its business plan to become the leading provider of battery materials globally by 2030 as well as its three new growth engines. To do this, the company will explore alternative material markets, such as separators and carbon nanotubes (CNT), in addition to concentrating on cathode materials that have already grabbed the attention of the global market. In addition, LG Chem will advance the research and development of novel materials such solid-state battery electrolytes and pure silicon anodes. Find out more about the strategies LG Chem will use to market its battery materials.
PRiMX, a new battery brand from Samsung SDI, was introduced. The creation of the brand that represents the company's identity will help Samsung SDI spread the word about its super-gap technology plan. "Prime Battery for Maximum Experience" is the abbreviation for PRiMX. Absolute Quality, Outstanding Performance, and Proven Advantage were the three keywords used to create the brand.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5324
Published Date: Oct 18, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are surge in demand for renewable energy, rise in expansion of consumer electronics, growing use of silicon-based anode in water treatment system, and growing advancement in battery technology.
The market size of silicon-based anode is anticipated to attain a CAGR of 48% over the forecast period, i.e., 2024-2036.
The major players in the market are Tesla, LG Chem, Samsung SDI Co., Ltd., SK Innovation Co., Ltd., and others.
The automobile segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.