Latin America Metal Li-based Battery Casing Market Size & Outlook
Related Markets
Latin America metal li-based battery casing market highlights
- The Latin America metal li-based battery casing market generated a revenue of USD 4.3 million in 2023.
- The market is expected to grow at a CAGR of 22.5% from 2024 to 2030.
- In terms of segment, rechargeable was the largest revenue generating type in 2023.
- Rechargeable is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 4.3 million |
| Market revenue in 2030 | USD 17.7 million |
| Growth rate | 22.5% (CAGR from 2023 to 2030) |
| Largest segment | Rechargeable |
| Fastest growing segment | Rechargeable |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Primary, Rechargeable |
| Key market players worldwide | Constellium SE Class A, Gestamp Automocion, GF Casting Solutions, Granges AB, Magna International Inc, MINTH Group, NeMaK, Norsk Hydro ASA, Novelis UK, Targray, Thyssenkrupp AG, UACJ |
Other key industry trends
- In terms of revenue, Latin America region accounted for 0.1% of the global metal li-based battery casing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 17.7 million by 2030.
Rechargeable was the largest segment with a revenue share of 88.37% in 2023. Horizon Databook has segmented the Latin America metal li-based battery casing market based on primary, rechargeable covering the revenue growth of each sub-segment from 2018 to 2030.
According to the IMF, in 2023, Central America’s GDP growth rate was 3.8%, while South America’s was 1.0% in the same year. Growth in the metal lithium-based battery casings market in Central & South America is positively influenced by rising energy storage.
Battery demand in the region owing to surging investments by automobile manufacturers in the EV segment and increasing industrial activities in the region.
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Metal Li-based Battery Casing Market Scope
Metal Li-based Battery Casing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| NeMaK | View profile | 1-10 | Zug, Zug, Switzerland, Europe | https://nemak.ch/ |
| MINTH Group | View profile | 10001+ | Beilun, Zhejiang, China, Asia | http://www.minthgroup.com |
| Granges AB | View profile | 501-1000 | Stockholm, Stockholms Lan, Sweden, Europe | http://www.granges.com |
| GF Casting Solutions | View profile | 501-1000 | Schaffhausen, Schaffhausen, Switzerland, Europe | https://www.gfcs.com/ |
| UACJ | View profile | 10001+ | Otemachi, Tokyo, Japan, Asia | https://www.uacj.co.jp/ |
| Gestamp Automocion | View profile | 44956 | Lebario Industrial Park, Abadino, Spain, 48220 | https://www.gestamp.com |
| Constellium SE Class A | View profile | 12000 | 40-44 rue Washington, Washington Plaza, Paris, France, 75008 | https://www.constellium.com |
| Magna International Inc | View profile | 179000 | 337 Magna Drive, Aurora, ON, Canada, L4G 7K1 | https://www.magna.com |
| Novelis UK | View profile | 5001-10000 | Warrington, Warrington, United Kingdom, Europe | https://www.novelisrecycling.co.uk |
| Targray | View profile | 101-250 | Kirkland, Quebec, Canada, North America | https://www.targray.com/ |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| Norsk Hydro ASA | View profile | 32724 | Drammensveien 264, Oslo, Norway, NO-0283 | https://www.hydro.com |
Latin America Metal Li-based Battery Casing Market Outlook Share, 2023 & 2030 (US$M)
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