According to a 2024 forecast, the global demand for battery materials was projected to grow by approximately ** percent between 2024 and 2026. Battery cathode demand was the highest among battery components, having amounted to almost tons in 2024.
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Fraunhofer. (July 23, 2025). Annual demand of battery components worldwide in 2023 and 2024, with forecasts for 2025 and 2026, by material (in tons) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 17, 2026, from /statistics/1619692/battery-components-demand-worldwide-forecast/
Fraunhofer. "Annual demand of battery components worldwide in 2023 and 2024, with forecasts for 2025 and 2026, by material (in tons)." Chart. July 23, 2025. ÌÇÐÄÆÆ½â°æ. Accessed July 17, 2026. /statistics/1619692/battery-components-demand-worldwide-forecast/
Fraunhofer. (2025). Annual demand of battery components worldwide in 2023 and 2024, with forecasts for 2025 and 2026, by material (in tons). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 17, 2026. /statistics/1619692/battery-components-demand-worldwide-forecast/
Fraunhofer. "Annual Demand of Battery Components Worldwide in 2023 and 2024, with Forecasts for 2025 and 2026, by Material (in Tons)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 23 Jul 2025, /statistics/1619692/battery-components-demand-worldwide-forecast/
Fraunhofer, Annual demand of battery components worldwide in 2023 and 2024, with forecasts for 2025 and 2026, by material (in tons) ÌÇÐÄÆÆ½â°æ, /statistics/1619692/battery-components-demand-worldwide-forecast/ (last visited July 17, 2026)
Annual demand of battery components worldwide in 2023 and 2024, with forecasts for 2025 and 2026, by material (in tons) [Graph], Fraunhofer, July 23, 2025. [Online]. Available: /statistics/1619692/battery-components-demand-worldwide-forecast/