Global Solid-State Battery Materials Market Size Exceed To USD 19.26 Billion by 2035| CAGR of 30.5% : Industry Report

RELEASE DATE: Oct 2025 Author: Spherical Insights
The Global Solid-State Battery Materials Market Size Was Estimated at USD 1.03 Billion in 2024 and is Projected to Reach USD 19.26 Billion by 2035, Growing at a CAGR of 30.5% from 2025 to 2035.

Table of Contents

Global Solid-State Battery Materials Market Size, Share, and COVID-19 Impact Analysis, By End Use (Consumer Electronics, Energy Storage Systems, Aerospace & Defense, Automotive, Others), By Battery Type (Lithium-based Solid-State Batteries, Sodium-based Solid-State Batteries, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035.


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Solid-State Battery Materials Market Summary

The Global Solid-State Battery Materials Market Size Was Estimated at USD 1.03 Billion in 2024 and is Projected to Reach USD 19.26 Billion by 2035, Growing at a CAGR of 30.5% from 2025 to 2035. Increased demand for safer, higher-energy-density batteries, developments in electric vehicles, portable electronics, and renewable energy storage, as well as government incentives, technological advancements, and the move toward sustainable, long-lasting energy solutions, are all driving growth in the solid-state battery materials market.

 

Key Regional and Segment-Wise Insights

  • In 2024, the Asia Pacific solid-state battery materials market held the largest revenue share of 36.2% and dominated the global market.
  • In 2024, the automotive segment held the highest revenue share of 40.2% and dominated the global market by end use.
  • With the biggest revenue share of 81.7% in 2024, the lithium-based solid-state battery segment led the worldwide solid-state battery materials market by battery type.

 

Global Market Forecast and Revenue Outlook

  • 2024 Market Size: USD 1.03 Billion
  • 2035 Projected Market Size: USD 19.26 Billion
  • CAGR (2025-2035): 30.5%
  • Asia Pacific: Largest market in 2024

 

 

 

 

The solid-state battery materials market exists because these materials function as core components in solid-state batteries, which provide superior energy density and improved safety characteristics. They also offer extended operational life compared to conventional liquid electrolytes. These batteries provide leak prevention, fire resistance, and high-temperature operation, which makes them suitable for consumer electronics, renewable energy storage, and electric vehicles (EVs). The market grows because electric vehicles need compact, powerful batteries and sustainable energy storage solutions. The worldwide adoption of solid-state battery materials receives a boost from consumer electronics, industrial applications, and manufacturers allocating more funds to research and development.

 

The market experiences transformation through solid electrolyte technology development, which includes polymer-based materials and sulfide and oxide materials that enhance ionic conductivity and stability. The manufacturing sector has achieved better scalability and battery efficiency as well as longer cycle life through its ability to develop new materials and manufacturing techniques. Solid-state battery research and manufacturing facilities receive worldwide government support because nations promote clean energy through their environmental regulations. Their financial backing of renewable technologies drives market expansion and commercial adoption through their support of automotive manufacturers, IT companies, and material suppliers who work together.

 

End Use Insights

 

 

The automotive segment led the solid-state battery materials market by holding the largest revenue share of 40.2% in 2024. The increasing use of electric and hybrid vehicles, which demand high-energy-density, long-lasting, and safe batteries, is causing this domination. The automotive industry benefits from solid-state battery materials because they deliver multiple advantages over traditional lithium-ion technology, including better safety, reduced fire risk, and enhanced performance in extreme temperature conditions. The market expansion continues to grow because of increasing vehicle electrification regulations and rising EV market demand, as well as substantial car manufacturer funding for solid-state battery research and development. The worldwide market leadership of the automobile sector receives additional support from the ongoing shift toward environmentally friendly transportation and energy-efficient vehicles.

 

The Energy & Power segment is expected to experience substantial growth during the forecast period because backup power applications need reliable and efficient energy storage systems, renewable energy systems, and grid stability require the same. Solid-state battery materials outperform conventional battery technologies because they provide superior energy density and longer operational life, and enhanced safety features. This makes them suitable for large-scale energy storage. The segment experiences growth because renewable energy adoption continues at a fast pace, while solar and wind power systems require an uninterrupted electrical supply and smart grid integration. Solid-state battery adoption is being accelerated globally in the Energy & Power industry by technological developments, falling material costs, and supportive government regulations that promote renewable energy.

 

Battery Type Insights

The lithium-based solid-state battery segment held the largest revenue share of 81.7% in 2024 and led the global solid-state battery materials market. The dominance of lithium results from its superior performance characteristics, long-lasting cycle durability and high energy density. This suits it perfectly for consumer electronics, electric vehicles, and renewable energy storage systems. The removal of flammable liquid electrolytes in lithium-based solid-state batteries leads to improved safety because it decreases the chances of leaks and thermal runaway incidents. The demand for lithium-based technologies continues to grow because these batteries provide durable, lightweight solutions with high capacity. The global market for lithium-based solid-state batteries maintains its leadership position because research advancements and battery and automotive industry funding continue to increase.

 

The sodium-based solid-state batteries segment of the solid-state battery materials market is expected to grow at the fastest CAGR during the forecast period because of the rising demand for sustainable, cost-effective energy storage systems. For grid storage and renewable energy systems at large scales, sodium stands as an economical and plentiful alternative to lithium. Solid-state topologies enhance energy density, safety, and stability. This drives utility-scale and industrial applications to adopt sodium-based batteries. The development of ionic conductivity, cycle life, and performance improvements through research and development programs leads to faster commercialisation. The worldwide deployment of sodium-based solid-state batteries receives support from government policies, which promote sustainable energy development and technological progress.

 

Regional Insights

The North American market for solid-state battery materials experiences steady growth because electric vehicles, renewable energy storage systems, and advanced consumer electronics are becoming more popular. The region benefits from its strong research and development capabilities, leading battery manufacturers, and government financial support for sustainable energy and electric vehicle programs. Solid-state batteries deliver better energy density and safety features and longer operational life than lithium-ion batteries, which makes them suitable for industrial and automotive applications. The development of lithium and sodium-based solid electrolytes through advanced materials research enables improved performance. This improves scalability. North America has become the leading market for solid-state battery materials because customers want high-performance, sustainable energy storage solutions, and the region benefits from supportive regulations and technological progress.

 

Asia Pacific Solid-State Battery Materials Market Trends

The Asia Pacific solid-state battery materials market leads the global market with the largest revenue share of 36.2% in 2024. The main factors behind this dominance stem from rapid industrial growth and increasing electric vehicle usage, and strong requirements for state-of-the-art energy storage solutions in China, Japan, and South Korea. The region benefits from major battery manufacturers together with substantial research and development funding and government initiatives, which advance renewable power systems. These initiatives also advance electric vehicle charging networks. Solid-state battery materials serve best for consumer electronics, automotive, and energy storage needs because they deliver enhanced safety features, superior energy density, and extended operational life. The Asia Pacific region maintains its global market leadership because of technological progress and increasing urban areas, and supportive government policies.

 

Europe Solid-State Battery Materials Market Trends

The solid-state battery material market in Europe experiences significant growth because of increasing electric vehicle adoption, renewable energy storage needs, and modern consumer electronics. Germany, France, and the United Kingdom lead global research funding for solid-state battery development to improve both energy density, safety, and battery lifespan. The industrial sector receives support from government initiatives together with environmental regulations, which promote renewable power systems. These encourage eco-friendly transportation solutions. High-performance energy storage materials are becoming more popular because smart grid applications, together with industrial automation systems, continue to grow. The European solid-state battery material market receives support from technological progress, automotive battery manufacturer collaborations, and growing public interest in energy-saving products.

 

Key Solid-State Battery Materials Companies:

The following are the leading companies in the solid-state battery materials market. These companies collectively hold the largest market share and dictate industry trends.

  • QuantumScape Corporation
  • Hitachi Zosen Corporation
  • Ilika plc
  • Toyota Motor Corporation
  • Samsung SDI Co., Ltd.
  • Murata Manufacturing Co., Ltd.
  • Solid Power, Inc.
  • LG Energy Solution Ltd.
  • Panasonic Holdings Corporation
  • Others

 

Recent Developments

  • In April 2025, Narada Power made a significant advancement in high-density energy storage with the introduction of its 783 Ah solid-state battery cell, which has a total capacity of 8.3 MWh.  It is safer, has a longer cycle life, and has better thermal stability than conventional lithium-ion batteries.  Narada's position in grid energy storage and large-scale renewable energy solutions is strengthened by this breakthrough.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Decision Advisors has segmented the solid-state battery materials market based on the below-mentioned segments: 

 

Global Solid-State Battery Materials Market, By End Use

 

  • Consumer Electronics
  • Energy Storage Systems
  • Aerospace & Defense
  • Automotive
  • Others

 

Global Solid-State Battery Materials Market, By Battery Type

  • Lithium-based Solid-State Batteries
  • Sodium-based Solid-State Batteries
  • Others

 

Global Solid-State Battery Materials Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

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