The global lithium-ion battery cathode market size is expected to reach USD 89.35 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 19.9% from 2023 to 2030. Increasing adoption of portable electronics and electric vehicles which uses rechargeable batteries as power source is one of the major factors driving the market growth.
Lithium-ion Battery Cathode Market Report Highlights
· In terms of revenue, the cobalt segment of accounted for a significant share in the market in 2022 and is further expected to witness steady growth over the forecast period.
· North America region is projected to grow at a substantial rate of 20.5% throughout the forecast period.
· Cylindrical in cell type segment accounted for largest share of 43.51% in 2022.
· In 2022, consumer electronics in the end-use segment is emerged as the largest segment with a share of39.58%.
· U.S. is likely to display a substantial growth rate during the projected period.
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The battery technology is developing continuously to meet the power density and performance requirements of devices. The worldwide registration of electric vehicles is anticipated to increase significantly over the forecast period. Also, rising availability of charging outlets and financial incentives have emerged as crucial factors for the development of lithium-ion cathode market, bolstered by the lower running cost of EVs compared to conventional ICE-operated vehicles.
Technological advancements and increasing demand for lithium-ion batteries from emerging countries as a result of rising electricity demand are likely to support market expansion. Increased emphasis on green technology by international organizations and governmental bodies will fuel production of lithium-ion batteries, providing a growth opportunity for lithium-ion battery cathode industry players like Umicore SA, Suimoto Chemicals, LG Chem, Samsung SDI, Targray Technology international, Inc. NEI Corporation, POSCO Chemicals and etc.
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List of Top Manufacturers of the Lithium-ion Battery Cathode Market
· BASF SE
· LG Chem
· NEI Corporation
· Nichia Chemical
· POSCO Chemicals
· Samsung SDI
· Suimoto Chemicals
· Targray Technology international, Inc.
· Umicore SA
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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Segmented the global lithium-ion battery cathode market based on chemical composition, cell type, end-use and region
Table of Contents
Chapter 1 Methodology & Scope
1.1 Market Segmentation & Scope
1.1.1 Market Definitions
1.1.2 Research Methodology and Assumptions
1.1.2.1 Bottom-Up Approach
1.2 Information Procurement
1.2.1 Purchased Database
1.2.2 GVR’s Internal Database
1.2.3 Secondary Source
1.2.4 Third Party Perspective
1.2.5 Primary Research
1.3 Information Analysis
1.3.1 Data Analysis Models
1.4 Market Formulation and Data Visualization
1.5 Data Validation and Publishing
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Lithium-ion battery cathode Market Variables and Trends
3.1 Market Lineage Outlook
3.2 Industry Value Chain Analysis
3.2.1 Raw Material Outlook
3.2.2 Manufacturing & Technology Trends
3.3 Market Dynamics
3.3.1 Market Driver Impact Analysis
3.3.1.1 Rising global hydrocarbon exploration and production
3.3.1.2 global Shift in the trend toward developing unconventional resources
3.3.2 Market Restraint Impact Analysis
3.3.2.1 Decreasing rig activities owing to low crude oil prices
3.3.3 Industry Challenges
3.3.4 Industry opportunities
3.4 Regulatory Framework
3.5 Impact of COVID-19 Pandemic
3.6 Impact of European Geopolitical Conflict
Chapter 4 Lithium-ion battery cathode Market: Chemical Composition Estimates & Trend Analysis
4.1 Chemical Composition Movement Analysis & Market Share, 2022 & 2030
4.2 Lithium-ion battery cathode Market Estimates & Forecast, By Chemical Composition (USD Million)
4.2.1 Cobalt
4.2.2 Manganese
4.2.3 Phosphate
4.2.4 Nickel Cobalt Manganese
4.2.5 Lithium Iron Phosphate
Chapter 5 Lithium-ion battery cathode Market: Cell Type Estimates & Trend Analysis
5.1 Cell Type Movement Analysis & Market Share, 2022 & 2030
5.2 Lithium-ion battery cathode Market Estimates & Forecast, By Cell Type (USD Million)
5.2.1 Polymer
5.2.2 Cylindrical
5.2.3 Prismatic
Chapter 6 Lithium-ion battery cathode Market: Application Estimates & Trend Analysis
6.1 Application Movement Analysis & Market Share, 2022 & 2030
6.2 Lithium-ion battery cathode Market Estimates & Forecast, By End-use (USD Million)
6.2.1 Consumer Electronics
6.2.2 Medical Devices
6.2.3 Energy Storage
6.2.4 Automotive
6.2.5 Industrial
"Trending News:Lithium-Ion Battery Cathode Market Report is Booming Globally by Top Leading Players"The global lithium-ion battery cathode market size is expected to reach USD 12.77 billion by 2027 according to a new study by Polaris Market Research.
The report “Lithium-Ion Battery Cathode Market Share, Size, Trends, Industry Analysis Report, By Chemical Composition (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Nickel Manganese Cobalt Oxide, Lithium Iron Phosphate, Lithium Nickel Cobalt Aluminum Oxide); By Cell Type; By End Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Cathode materials in lithium-ion batteries use lithium transition metal oxide compounds where lithium and transition metals act as positive ions while oxide acts as negative ions.
The five primary cathode materials for Li-ion battery includes Li Co oxide, Li Fe phosphate, Li Mg oxide, Li Mg Co oxide, and Li Ni-Co oxide to determine the quality (output voltage & capacity) and performance of Li-ion batteries.
GET SAMPLE PDF:- https://www.polarismarketresearch.com/industry-analysis/lithium-ion-battery-cathode-market/request-for-sampleThe improved reliability and compatibility of lithium-ion batteries across the application industries is expected to drive the demand for lithium-ion cathodes over the forecast period.
Furthermore, increasing demand for batteries in consumer electronics including smartphones, tablets, etc.
Fact.MR, in its latest study, tracks the growth trajectory of the global lithium-ion battery cathode market.
The report suggests that lithium-ion battery cathode sales reached the volume of 235,439 tons in 2018, equivalent to the revenues worth ~US$ 4 Bn.
However, in the backdrop of expeditious depletion of mineral reserves, followed by the emergence of new alternatives, it is highly likely that the lithium-ion sulfur batteries will account for the imbalance between opportunities and sales scale.The report opines that the solar home systems powered by lithium-ion batteries have been constantly gaining traction in developing countries of Asia Pacific and the Middle East & Africa, which will lubricate the infiltration of lithium-ion battery cathode in these markets over the coming years.
As a sizeable pie of the manufacturing community continues to follow suit, recycling of lithium-ion batteries remains an influential trend aiding in securing the seamless raw material supply, while reducing the reliance on extraction and mining activities for mineral requisites.Opportunities for lithium-ion battery cathode manufacturers are also likely to remain influenced by the tightening regulatory scenario facing the automotive industry, which prominently includes fuel emission norms.
While this is being perceived to be an instrumental factor for manufacturers seeking to build their production and channelization strategies, Fact.MR’s conclusive analysis says that it will help companies widen their end user base and thereby expand the business footprint as well as the overall value chain at a global level.
As consumers’ quest for improved battery life remains open, manufacturers of consumer electronics operate under the stress to integrate batteries with compact size and increased lifespan.
