About Lithium-Ion Battery Cathode Material
Cathode materials refers to batteries that include a variety of products that cater to different user needs for high energy density and high load capacity. These material are comprised of cobalt, nickel, and multi metal oxides material to which lithium is added. It is used to identify the capacity and power of a battery. Cathode materials are found in consumer products such as smartphones, laptop computers, and power tools. In recent years, lithium-ion batteries have been used in a variety of industrial applications, including electric vehicles, energy storage, and power tools. The growing adoption of electric vehicles is a significant driver for the lithium ion battery cathode market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.9% |
As with all technology, Lithium-ion battery cathode material will evolve time. Competition among existing players is due to the stiff market share occupied by leading players. The companies are implementing strategic activities such as acquisition and mergers along with collaboration with companies in other industries to help them in improving sustenance and maintaining their competitive advantages. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Lithium-Ion Battery Cathode Material market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Targray (Canada), Nano One Material (Canada), NEI Corporation (United States), Haldor Topsoe (Denmark), Arkema (France), Xiamen Tmax Battery Equipment (China), BYD Co. (China), CALB (China), Envision AESC (Japan), EVE Energy Co. (China), LG Chem Ltd. (South Korea), Northvolt (Sweden), Panasonic Corporation (Japan) and Samsung SDI Co. (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are SK Innovation Co. Ltd (South Korea), SVOLT (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Lithium-Ion Battery Cathode Material market by and Region.
On the basis of geography, the market of Lithium-Ion Battery Cathode Material has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Cobalt-based cathode material will boost the Lithium-Ion Battery Cathode Material market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery Type, the sub-segment i.e. Lithium Manganese Oxide (LiMn204) will boost the Lithium-Ion Battery Cathode Material market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Consumer electronics (smartphones, laptops, tablets). will boost the Lithium-Ion Battery Cathode Material market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in the usage of cathode materials for the development of batteries. and Lithium-ion battery cathode material undergoing significant transformations, reflecting dynamic landscape of the energy storage sector.
Market Growth Drivers:
Increased production capacity of cathode materials. and Growing consumption of cathode material in vehicle batteries.
Challenges:
Material performance requirements tend to be higher.
Restraints:
Price volatility as well as recycling concerns in cathode material.
Opportunities:
Increasing energy density in cathode material. and Expansion in emerging market.
Market Leaders and their expansionary development strategies
In October 2023, Epsilon Group, a battery material manufacturer, has acquired John Matthey’s Technology Centre focused on lithium-ion phosphate (LFP) cathode active materials in Moosburg, Germany. This acquisition Epsilon gains the ability to introduce a well-established, high performance cathode active material to the market.
In December 2023, Toshiba Corporation has developed a new iteration of lithium-ion battery using a cobalt free 5V class, high potential cathode material, which can suited for variety of applications from power tools to electronic vehicles. The cathode significantly suppresses performance-degrading gases produced as side reaction, thus guaranteeing high voltage and high performance. and In May 2023, Nano One partnership agreement with Niobium Product and Technology. CBMM’s Niobium validated in high nickel (NI>90%) NMC cathode made with Nano One’s sulfate free M2CAM manufacturing technology. Nano One’s technology enables cost effective single nanocrystal coatings with CBMM’s product to enhance cathode durability, meaning longer lasting batteries. Creates business opportunities for both companies. CBMM sees potential for new market demand for their sustainable products.
Key Target Audience
Lithium-ion battery cathode material Manufacturer, Lithium-ion battery cathode material Distributors, Government Regulatory, Investor and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.