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BASF Launching a Battery Material Production Plant in Europe, Which will be Helpful for European Electric Vehicle (EV) Value Chain

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BASF is going to launch Battery Material production plant in Schwarzheide, Germany. This project of BASF would be very helpful to the European electric vehicle (EV) value chain. Cathode active materials (CAM) with an initial capacity enabling the supply of around 400,000 full electric vehicles per year with BASF battery materials will be produced. This new production of cathode materials by BASF will be able to increase the performance of batteries and also it will help to promote the success of climate-friendly mobility.

The major players in the Battery Materials market include 3M (NYSE: MMM), Asahi Kasei Corporation, Basf, Dow (INDEXDJX: .DJI), Celgard, Ningbo Shanshan Company, Ecopro, Entek International, Hitachi Chemical, etc.( inquire more)

Market insights:

BASF and Nornickel join forces to supply the battery materials market: This investment is part of BASF’s €400 million multi-step investment plan announced last year and builds upon initial battery materials production started in Harjavalta in 2018.  Start-up is planned for late 2020, enabling the supply of approximately 300,000 full electric vehicles per year with BASF battery materials. The new plant in Harjavalta will utilize locally generated renewable energy sources, including hydro, wind and biomass.(Original Source)

Demand for lithium-ion batteries continues to grow, and new applications such as electric cars and plug-in hybrid cars will further spur demand in the coming years. Indeed, the active cathode material is central to the performance, affordability, safety and sustainability of advanced battery electric vehicle.

Battery Materials market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets. By Type, Battery Materials market has been segmented into Cathode, Anode, Electrolyte, Separator, Binder, Packaging materials, etc. By Application, Battery Materials has been segmented into Automobile Industry, Household Appliances, Electronics Industry, etc.

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We have been tracking this market for the past 10 years. Our areas of research cover: Lithium-ion (Li-ion) Battery Materials, Battery Materials Recycling, GCC Battery Materials, Lithium Battery Materials Mixer. To know more and discuss about your requirements in detail or any data customization, please feel free to reach Irfan Tamboli (Head of Sales) @ irfan@marketinsightsreports.com.

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MarketInsightsReports (An Ameliorate Solutions Group Company) provides syndicated market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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