According to the report the global cathode materials market reached a value of USD 24.10 billion in 2022. Aided by the escalating demand for electric vehicles and the growing applications of cathode materials in various sectors, the market is projected to further grow at a CAGR of 8.33% between 2023 and 2028 to reach a value of USD 48.60 billion by 2028.
Cathode materials are a critical component in the manufacture of batteries and supercapacitors. They are responsible for the generation of electric currents in a battery by providing the positive electrode. These materials are indispensable in industries such as automotive, electronics, energy storage and power generation due to their unique electrical properties.
The escalating demand for electric vehicles (EVs) is a significant driver for the global cathode materials market growth. The rising environmental consciousness and favourable government policies are stimulating the swift shift towards electric mobility. This trend is leading to an increased demand for lithium-ion batteries, where cathode materials such as lithium cobalt oxide, lithium iron phosphate, and others play a crucial role.
In addition to the EV market, the rising consumption of portable electronics is also boosting the cathode materials market demand. With the growing dependence on smartphones, laptops, and other personal electronic devices, the need for high-performance batteries with longer lifetimes has surged, bolstering the market demand.
The energy storage sector's expansion, particularly in renewable energy applications, also significantly contributes to the cathode materials market growth. Cathode materials are crucial in the production of batteries used in energy storage systems. As nations worldwide strive to increase their renewable energy production, the demand for efficient and long-lasting energy storage solutions has soared, thereby enhancing the demand for cathode materials.
Moreover, advancements in battery technology have led to the development of high-energy-density cathode materials. These materials are crucial in meeting the rising demand for improved energy storage and power supply in various applications. This ongoing innovation in battery technology propels the cathode materials market expansion.
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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Cathode materials are a critical component in the manufacture of batteries and supercapacitors. They are responsible for the generation of electric currents in a battery by providing the positive electrode. These materials are indispensable in industries such as automotive, electronics, energy storage and power generation due to their unique electrical properties.
The escalating demand for electric vehicles (EVs) is a significant driver for the global cathode materials market growth. The rising environmental consciousness and favourable government policies are stimulating the swift shift towards electric mobility. This trend is leading to an increased demand for lithium-ion batteries, where cathode materials such as lithium cobalt oxide, lithium iron phosphate, and others play a crucial role.
In addition to the EV market, the rising consumption of portable electronics is also boosting the cathode materials market demand. With the growing dependence on smartphones, laptops, and other personal electronic devices, the need for high-performance batteries with longer lifetimes has surged, bolstering the market demand.
The energy storage sector's expansion, particularly in renewable energy applications, also significantly contributes to the cathode materials market growth. Cathode materials are crucial in the production of batteries used in energy storage systems. As nations worldwide strive to increase their renewable energy production, the demand for efficient and long-lasting energy storage solutions has soared, thereby enhancing the demand for cathode materials.
Moreover, advancements in battery technology have led to the development of high-energy-density cathode materials. These materials are crucial in meeting the rising demand for improved energy storage and power supply in various applications. This ongoing innovation in battery technology propels the cathode materials market expansion.
Market Segmentation
The market can be divided based on material, battery type, end-use, and region.Market Breakup by Material
Li-ion Cathode Materials
- Lithium Iron Phosphate
- Lithium Cobalt Oxide
- Lithium Nickel Manganese Cobalt
- Lithium Nickel Cobalt Aluminium
- Lithium Manganese Oxide
- Lead Dioxide Cathode Materials
- Others
Market Breakup by Battery Type
- Lithium-ion
- Lead Acid
- Others
Market Breakup by End-Use
- Automotive
- Consumer Electronics
- Industrial
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global cathode materials companies. Some of the major key players explored in the report are as follows:- Umicore NV
- Sumitomo Metal Mining Co., Ltd
- Posco Holdings Inc
- Zhejiang Huayou Cobalt
- Shenzhen Dynanonic Co., Ltd
- LG Chem, Ltd
- Toda Kogyo Group
- L&F Co, Ltd
- Ningbo Shanshan Co., Ltd
- Nichia Corporation
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cathode Materials Market Analysis
8.1 Key Industry Highlights
8.2 Global Cathode Materials Historical Market (2018-2022)
8.3 Global Cathode Materials Market Forecast (2023-2028)
8.4 Global Cathode Materials Market by Material
8.4.1 Li-ion Cathode Materials
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.1.3 Breakup by Type
8.4.1.3.1 Lithium Iron Phosphate
8.4.1.3.2 Lithium Cobalt Oxide
8.4.1.3.3 Lithium Nickel Manganese Cobalt
8.4.1.3.4 Lithium Nickel Cobalt Aluminium
8.4.1.3.5 Lithium Manganese Oxide
8.4.2 Lead Dioxide Cathode Materials
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Cathode Materials Market by Battery Type
8.5.1 Lithium-ion
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Lead Acid
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Cathode Materials Market by End-Use
8.6.1 Automotive
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Consumer Electronics
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Cathode Materials Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Cathode Materials Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Cathode Materials Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Cathode Materials Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Cathode Materials Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Cathode Materials Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Umicore NV
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Sumitomo Metal Mining Co., Ltd
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Posco Holdings Inc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Zhejiang Huayou Cobalt
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Shenzhen Dynanonic Co., Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 LG Chem, Ltd
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Toda Kogyo Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 L&F Co, Ltd
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Ningbo Shanshan Co., Ltd
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Nichia Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
Companies Mentioned
- Umicore NV
- Sumitomo Metal Mining Co., Ltd
- Posco Holdings Inc
- Zhejiang Huayou Cobalt
- Shenzhen Dynanonic Co., Ltd
- LG Chem, Ltd
- Toda Kogyo Group
- L&F Co, Ltd
- Ningbo Shanshan Co., Ltd
- Nichia Corporation
Methodology
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