The consumer electronics industry is witnessing a significant surge due to the increasing usage of electronic appliances, such as smartphones, laptops, and other electronics products. Consumer electronic goods have become a necessity in the technological world. Consumer batteries are commonly used to power small portable electronics, such as laptops, remote controls, cell phones, and other devices. Lithium-ion batteries are mainly used in several consumer electronics, such as laptops and cell phones. These batteries are also used in computers, cameras, toys, wireless headphones, tablets, and other electronic gadgets and items. With the constant expansion in the consumer electronics industry, the demand for various electronic products is increasing. The rising uptake of smartphones, laptops, and other devices is fueling the need for batteries, and in turn, propelling the battery metals market.
Growing Demand for Battery Metals from Consumer Electronics Industry
China dominates in the consumer electronic goods industry. The consumer electronics market in China is a massive sector of the country’s e-commerce market. Various smart technologies are driving the growth of the consumer electronics market in China. According to World Population Review, China and India reported 1.6 billion and 1.28 billion cell phones users, respectively, in 2021.
