South Korea Metal Li-based Battery Casing Market Size & Outlook
The metal li-based battery casing market in South Korea is expected to reach a projected revenue of US$ 114.1 million by 2030. A compound annual growth rate of 10.6% is expected of South Korea metal li-based battery casing market from 2024 to 2030.
Revenue, 2023 (US$M)
$56.4
Forecast, 2030 (US$M)
$114.1
CAGR, 2024 - 2030
10.6%
Report Coverage
South Korea
South Korea metal li-based battery casing market, 2018-2030 (US$M)
Related Markets
South Korea metal li-based battery casing market highlights
- The South Korea metal li-based battery casing market generated a revenue of USD 56.4 million in 2023 and is expected to reach USD 114.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.6% 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.
Metal li-based battery casing market data book summary
| Market revenue in 2023 | USD 56.4 million |
| Market revenue in 2030 | USD 114.1 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Rechargeable |
| Fastest growing segment | Rechargeable |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Korea accounted for 1.3% of the global metal li-based battery casing market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China metal li-based battery casing market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 42.1 million by 2030.
Rechargeable was the largest segment with a revenue share of 89.54% in 2023. Horizon Databook has segmented the South Korea metal li-based battery casing market based on primary, rechargeable covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is a lucrative market for metal casings as the nation is expanding its battery sector. The increasing investments in the automotive, power & energy, and renewable energy sector are propelling market growth.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Metal Li-based Battery Casing Market Scope
Metal li-based battery casing market segmentation & scope
Metal Li-based Battery Casing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea metal li-based battery casing market size, by type, 2018-2030 (US$M)
South Korea Metal Li-based Battery Casing Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
