Top 50 Companies in Next-Generation Battery Materials Market: Spherical Insights Analysis
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Next-Generation Battery Materials Market Size is projected To Grow from USD 1.68 Billion in 2024 to USD 3.82 Billion by 2035, at a CAGR of 7.75% during the forecast period 2025–2035. The market for next-generation batteries is expanding rapidly on a global scale due to the growing need for sophisticated energy storage solutions, especially for the renewable energy and electric vehicle (EV) industries.
Introduction
Higher energy densities are provided by next-generation batteries, such as sodium-ion, lithium-sulfur, and solid-state batteries, which enable devices to run for longer periods of time between charges. For instance, solid-state batteries use a solid electrolyte instead of a liquid one, greatly increasing energy storage capacity and safety by removing the possibility of leaks and fires that come with liquid electrolytes. The term "next generation batteries" describes a brand-new, cutting-edge category of energy storage devices that surpass the features and capabilities of conventional batteries. These batteries use cutting-edge materials, technologies, and design strategies to overcome the drawbacks of traditional energy storage systems and satisfy the changing needs of a range of applications, including renewable energy storage, electric vehicles, and consumer electronics. The market expansion for next-generation batteries may be hampered by the energy density and storage capacity constraints of these batteries, which pose serious obstacles. Since it establishes how much energy a battery can store per unit volume or weight, energy density is a crucial factor.
Navigate Future Markets with Confidence: Insights from Spherical Insights LLP
The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.
Unlock exclusive market insights - Download the Brochure now and dive deeper into the future of the Next-Generation Battery Materials Market.
Next-Generation Battery Materials Market Size & Statistics
- The Market Size for Next-Generation Battery Materials Was Estimated to be worth USD 1.68 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 7.75% between 2025 and 2035.
- The Global Next-Generation Battery Materials Market Size is anticipated to reach USD 3.82 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Next-Generation Battery Materials Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Next-Generation Battery Materials Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the next-generation battery materials market. The main causes of this supremacy include the region's quick uptake of EVs, rising investments in infrastructure for renewable energy, and a significant emphasis on creating cutting-edge battery technologies. Important nations like China, Japan, and South Korea are leading the way in battery research, development, and manufacture, which enhances the region's market position. Furthermore, the presence of significant battery manufacturers in the area and government programs promoting sustainable energy are anticipated to propel steady growth and guarantee Asia Pacific's continued position as a key market player.
North America is expected to generate the highest demand during the forecast period in the next-generation battery materials market. The growing demand for electric vehicles (EVs) and renewable energy storage solutions is propelling the market for next-generation batteries in North America. Significant investments in EV infrastructure and the U.S. government's push for renewable energy measures have sped up the development and uptake of cutting-edge battery technologies. Furthermore, partnerships between battery developers and automakers are fostering innovation in next-generation battery technologies, including solid-state batteries. Because of the growth of battery production facilities and increased R&D activity, North America is expected to continue to be a significant market.
Top 3 trends in the Next-Generation Battery Materials Market
- Solid-state electrolytes
- High-nickel cathodes
- Silicon anodes
- LFP and LMFP chemistries
- Sodium-ion batteries
1. Solid-State Electrolytes
Solid-state batteries are gaining significant attention due to their improved thermal stability and safety compared to traditional liquid electrolytes. Solid electrolytes enable higher energy densities and promise longer lifespans while reducing the risk of fires and thermal runaway events, making them especially appealing for electric vehicles and renewable energy storage.
2. High-Nickel Cathodes
Batteries using high-nickel content cathodes (like nickel-manganese-cobalt, NMC) offer higher energy density and improved performance. Manufacturers are focusing on these chemistries to maximize battery storage in electric vehicles. However, they also face challenges related to material supply security and environmental sustainability.
3. Silicon Anodes
Replacing or combining graphite anodes with silicon increases battery capacity because silicon can store more lithium ions. Though mechanical stability remains a challenge due to silicon expansion during cycles, ongoing R&D is driving progress toward commercial viability and longer battery life.
4. LFP and LMFP Chemistries
Lithium iron phosphate (LFP) and its manganese-enhanced variant LMFP are attracting interest for their safety, cost-effectiveness, and cycle life. While LFP excels in commercial EVs and grid storage, LMFP aims to improve energy density and longevity further, providing alternatives to critical minerals like cobalt.
5. Sodium-Ion Batteries
Sodium-ion batteries promise a lower-cost and more sustainable alternative since sodium is more abundant than lithium. These batteries are safer and suitable for large-scale energy storage despite their lower energy density, making them a strong candidate for next-gen grid solutions.
6. Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the next-generation battery materials market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 26 Companies Leading the Next-Generation Battery Materials Market
- LG Energy Solution
- Panasonic Energy
- QuantumScape
- BYD
- Allegheny Technologies Incorporated (ATI)
- SVOLT Energy Technology
- Tesla
- MANLY Battery
- Toshiba Corporation
- EVE Energy Co., Ltd.
- SK On Jiangsu Co., Ltd
- CALB Group, Ltd
- Gotion High-Tech Co., Ltd
- Sunwoda Electronic Co., Ltd.
- Farasis Energy (GanZhou) Co., Ltd
- EnerSys Inc.
- EXIDE TECHNOLOGIES
- A123 Systems LLC
- Amprius Technologies
- Sila Nanotechnologies
- OneD Material
- Nexeon
- Faradion Limited
- HiNa Battery Technology Co., Ltd
- Toshiba Corporation
- CATL
1. LG Energy Solution – Seoul, South Korea
LG Energy Solution is a global leader in advanced lithium-ion batteries for electric vehicles (EVs), mobility, IT applications, and energy storage systems (ESS). Headquartered in Seoul, South Korea, the company emphasizes innovation in next-generation battery materials, including solid-state technologies, to drive sustainable life. With a vast global network spanning the US, Europe, Asia, and Australia, LG Energy Solution focuses on R&D, battery recycling, and closed-loop manufacturing to secure raw materials and reduce environmental impact.
2. Panasonic Energy – Osaka, Japan
Panasonic Energy is a premier global manufacturer of lithium-ion batteries serving automotive, industrial, and energy storage sectors. Based in Osaka, Japan, the company partners closely with Tesla to advance next-generation battery materials such as solid-state and silicon-anode technologies. Panasonic’s commitment to innovation and high-quality production positions it as a key player in driving the future of battery solutions for electrification and sustainable energy.
3. QuantumScape – California, USA
QuantumScape, headquartered in California, USA, is pioneering solid-state lithium-metal batteries designed to replace traditional lithium-ion cells. The company focuses on developing next-generation battery materials to significantly enhance energy density, safety, and charging speed for electric vehicles. Supported by Volkswagen and major investors, QuantumScape is at the forefront of quantum leaps in battery technology.
4. BYD – Shenzhen, China
BYD is a leading international manufacturer of electric vehicles and lithium iron phosphate (LFP) batteries, headquartered in Shenzhen, China. Known for its innovative Blade Battery technology, BYD leverages next-generation battery materials to provide enhanced safety, longevity, and performance. The company drives massive growth in electric mobility and energy storage, distinguishing itself as a major force in sustainable energy solutions.
5. Allegheny Technologies Incorporated (ATI) – Dallas, Texas, USA
ATI specializes in advanced nickel, cobalt, and titanium-based superalloy materials critical for aerospace and energy sectors. Headquartered in Dallas, Texas, USA, ATI supports mission-critical applications with high-temperature alloys offering thermal stability and corrosion resistance. Through extensive R&D and a global manufacturing network, ATI advances high-performance materials essential to next-generation battery technologies and energy innovations.
Are you ready to discover more about the next-generation battery materials market?
The report provides an in-depth analysis of the leading companies operating in the global next-generation battery materials market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- LG Energy Solution
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Panasonic Energy
- QuantumScape
- BYD
- Allegheny Technologies Incorporated (ATI)
- SVOLT Energy Technology
- Tesla
- MANLY Battery
- Toshiba Corporation
- Others
Conclusion
The Next-Generation Battery Materials Market Size is experiencing rapid growth driven by the increasing demand for electric vehicles and renewable energy storage solutions. Innovations in battery technologies are improving energy density, safety, and charging speed. Asia-Pacific leads in manufacturing and technological advancements, while North America and Europe boost supply chains and investments. The industry is focusing on sustainability through recycling and the use of alternative materials. These developments position the market as a key contributor to global clean energy transitions and technological progress.
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?