Middle East & Africa Lithium-Ion Battery Market to 2032

Overview

The Middle East & Africa Lithium-Ion Battery Market is expected to reach a 323.16 USD Billion by 2032 and is projected to grow at a CAGR of 21.20% from 2025 to 2032.

Revenue, 2024 (USD Billion)

96.92

Forecast, 2032 (USD Billion)

323.16

CAGR, 2024 - 2032

21.20%

Report Coverage

Middle East & Africa

Middle East & Africa Lithium-Ion Battery Market 2018-2032 USD Billion

Middle East & Africa Lithium-Ion Battery Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 96.92 USD Billion
Projected Market Size (2032): 323.16 USD Billion
CAGR (2025-2032): 21.20%

Key Findings of Middle East & Africa Lithium-Ion Battery Market

The Middle East & Africa Lithium-Ion Battery Market was valued at 96.92 USD Billion in 2024.
The Middle East & Africa Lithium-Ion Battery Market is likely to grow at a CAGR of 21.20% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Active Material in Component Segment accounted for the largest share of the market with a revenue of 59.43 USD Billion
The fastest growing segment Lithium-Nickel Manganese Cobalt (Li-NMC) in Chemistry Segment grew Fastest with a CAGR of 23.81% during the forecast period from 2024 to 2032.

Middle East & Africa Lithium-Ion Battery Market Scope

Middle East & Africa Lithium-Ion Battery Market Segmentation & Scope

Chemistry

Lithium-Titanate Oxide (LTO)
Lithium-Nickel Cobalt Aluminum Oxide (NCA)
Lithium-Iron Phosphate (LFP)
Lithium-Manganese Oxide (LMO)
Lithium Cobalt Oxide (LCO)
Lithium-Nickel Manganese Cobalt (Li-NMC)

Recycling Process

Physical/ Mechanical Process
Pyrometallurgy Process
Hydrometallurgical Process

Component

Non-Active Material
Active Material

Middle East & Africa Lithium-Ion Battery Market Data Coverage Insights

Study Period	2024-2032
Base Year	2021
Unit	Revenue in USD Billion
Market Value in 2024	96.92 USD Billion
Market Value in 2032	323.16 USD Billion
CAGR (2025-2032)	21.20%
Historic Data	2016-2023
Market Segments Covered	Chemistry,Recycling Process,Component

Regional Insights:

Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 96.92 USD Billion in 2024
- Key Country: Israel, leading in terms of revenue with value of 28.20 USD Billion in 2024.

Segments and Scope

Middle East & Africa Lithium-Ion Battery Market to 2032, By Chemistry
- Lithium-Nickel Manganese Cobalt (Li-NMC) is the largest segment in Middle East & Africa Lithium-Ion Battery Market to 2032 with a revenue of 36.94 USD Billion in the year 2024.
- Lithium-Nickel Manganese Cobalt (Li-NMC) is the Fastest growing segment in Middle East & Africa Lithium-Ion Battery Market to 2032 with a Growth rate of 23.81 % in forecast period 2025-2032.
Middle East & Africa Lithium-Ion Battery Market to 2032, By Recycling Process
- Hydrometallurgical Process is the largest segment in Middle East & Africa Lithium-Ion Battery Market to 2032 with a revenue of 45.03 USD Billion in the year 2024.
- Hydrometallurgical Process is the Fastest growing segment in Middle East & Africa Lithium-Ion Battery Market to 2032 with a Growth rate of 22.65 % in forecast period 2025-2032.
Middle East & Africa Lithium-Ion Battery Market to 2032, By Component
- Active Material is the largest segment in Middle East & Africa Lithium-Ion Battery Market to 2032 with a revenue of 59.43 USD Billion in the year 2024.
- Active Material is the Fastest growing segment in Middle East & Africa Lithium-Ion Battery Market to 2032 with a Growth rate of 22.64 % in forecast period 2025-2032.

Middle East & Africa Lithium-Ion Battery Market Company Share Analysis

Company Name
Panasonic Corporation
LG Chem.
Saft
Contemporary Amperex Technology Co., Limited
Lithium Energy Japan

Middle East & Africa Lithium-Ion Battery Market Geographical Sales Distribution, 2018-2032 USD Billion

Middle East & Africa Lithium-Ion Battery Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Middle East & Africa Lithium-Ion Battery Market?

The Middle East & Africa Lithium-Ion Battery Market is segmented based on Segmentation Chemistry,Recycling Process,Component.

What is the current market size of the Middle East & Africa Lithium-Ion Battery Market?

Middle East & Africa Lithium-Ion Battery Market was valued at USD 96.92(Revenue in USD Billion) in 2021.

What is the expected growth rate of the Middle East & Africa Lithium-Ion Battery Market?

Middle East & Africa Lithium-Ion Battery Market is projected to grow at a CAGR of 21.20% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Middle East & Africa Lithium-Ion Battery Market?

The Active Material segment is expected to dominate the Middle East & Africa Lithium-Ion Battery Market, holding a largest market share of 59.43 USD Billion in 2024