The Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy in terms of GDP. China and India are among the fastest emerging economies in the world
DUBLIN--(BUSINESS WIRE)--Nov 9, 2022--
The global battery anode materials market is projected to register a CAGR of more than 10% during the forecast period (2022-2027).
Unfavorable conditions arising due to the COVID-19 outbreak hindered the growth of the market in the past year. Also, many end-user industries were impacted due to pandemics. That restricted the growth of the market. However, in 2022, the situation is coming back on track, and now the market is stable and growing steadily.
Rising Demand in Automotive Industry
Asia-Pacific Region to Dominate the Market
Moreover, according to NITI Aayog and Rocky Mountain Institute (RMI), India's EV finance industry is likely to reach USD 50 billion by 2030.
Due to all the above-mentioned factors, the Asia-Pacific region is expected to see an increase in demand during the forecast period.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: OTHER ENERGY ENERGY
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/09/2022 05:25 AM/DISC: 11/09/2022 05:26 AM
http://www.businesswire.com/news/home/20221109005542/en
