In a newly released report, “New Electrode Materials for Lithium Ion Batteries -2012”, from industry analyst NanoMarkets predicts that growing need for performance batteries in consumer electronics and hybrid/electric vehicles will create a large market for novel lithium battery electrode materials.
Revenues from non-conventional electrode materials are expected to reach around $1.3bn by 2017, said the report. This represents an almost a quarter of all lithium battery electrode materials sold. At present this share is 8%.
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