Demand Growth Forecasts

Demand growth forecasts

• There is universal agreement among technology experts and market analysts that the global demand for HPA will accelerate
• A survey of recent published industry forecasts is presented in the table below
• This survey shows a range of estimates for the compound annual growth rate for HPA over the coming years of 15 to 29%. A consensus projection based on these estimates would be about 20%
• Some analysts have suggested these projections may prove overly conservative if the lithium ion battery demand accelerates faster. Some analysts have also suggested the demand growth in North America will likely be higher than the global average.