Cathode Materials are key components in lithium-ion batteries, responsible for storing and releasing electrical energy during charge and discharge cycles. They are typically made of metal oxides that determine the battery's performance, capacity, and lifespan. The global Cathode Materials market is projected to grow from USD 25.9 billion in 2022 to USD 52.6 billion by 2027, at a CAGR of 15.2% during the forecast period.
The most commonly used cathode material is Lithium Cobalt Oxide (LiCoO₂), known for its high energy density, making it popular in smartphones and other portable electronics. However, alternatives like Nickel Manganese Cobalt Oxide (NMC) and Lithium Iron Phosphate (LFP) are also widely used for electric vehicles and energy storage systems due to their enhanced safety and longer cycle life.
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Growing demand for batteries in electric vehicles and consumer electronics and the growing usage in energy storage devices is expected to drive the market during the forecast period. Key players in the advanced lead acid battery market include Umicore (Belgium), Sumitomo Metal Mining Co., Ltd. (Japan), POSCO (South Korea), Zhejiang Huayou Cobalt (China), and Shenzhen Dynanonic Co., Ltd. (China), among others.
Umicore, a global materials technology and recycling group, provides rechargeable battery materials and hi-tech materials, including emission control and fuel cell catalysts. The company operates through three business groups: recycling, catalysis, and energy & surface technologies. The energy & surface technologies group comprises business units such as cobalt & specialty materials, rechargeable battery materials, metal deposition solutions, and electro-optic materials. In 2017, Umicore acquired NMC battery material patents from 3M. It has a strong global presence with operations in 30 countries across Europe, North America, South America, Asia Pacific, and Africa. Furthermore, the company operates three R&D centers for battery materials, along with cathode material production plants in Asia and Europe
Substantial investments have been made in the past few years by the key players to address the growing demand for cathode materials. These players have adopted strategies such as joint ventures, expansions, agreements, partnerships, and contracts, to enhance their business revenue and market share. The expansion of production units globally is the key strategy adopted by these players to cater to the increasing demand for cathode materials.
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The lead dioxide cathode materials segment is estimated to account for the largest share of the cathode materials market in 2021.
By materials type, the lead dioxide cathode materials segment is estimated to account for the largest share of the cathode materials market in 2021. In lead-acid batteries, lead dioxide is the active material used as cathode. This material type segment has accounted largest share due to the demand of lead-acid batteries in various applications. The biggest advantage of lead-acid batteries over competing technologies is cost. It is less expensive than the other battery types that are being developed for high performance vehicles.
The lead-acid segment is estimated to account for the largest share of the cathode materials market in 2021.
By battery type, the lead-acid segment accounted for the largest share of the cathode materials market in 2021. The lead-acid battery is one of the widely used battery types. These batteries find applications in automobiles, defense, communications, UPS Systems, among others. The lead-acid battery has seen numerous technological advancements over the years, which have enhanced its performance.
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The automotive segment is estimated to account for the largest share of the cathode materials market in 2021.
By end-use, the automotive segment accounted for the largest share of the cathode materials market in 2021. Lead-acid battery is the most used battery in the automotive sector. The growing demand for EVs has increased the demand for lithium-ion batteries in this sector hence creating the demand for cathode materials.
Asia Pacific is estimated to account for the largest share of the global cathode materials market in 2021
The Asia Pacific region accounted for the largest share of the cathode materials market in 2021. Asia Pacific region is a hub for various growing manufacturing industries such as automotive, consumer electronics and others. Cathode materials are widely used in these industries, and their growth helps to contribute to the larger demand for cathode materials in the region.
"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.
This Fact.MR study measures the leaps of lithium-ion battery cathode market for the historical period 2014-2018 and forecast period 2019-2029.
An impressive CAGR of ~13% has been estimated for the lithium-ion battery cathode market landscape, through 2029.We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the lithium-ion battery cathode market growth.
For enhancing readers’ experience, the report starts with a basic overview about the lithium-ion battery cathode and its classification.
Further, we have considered 2018 as the base year, 2019 as the estimated year, 2019 – 2029 as the stipulated timeframe.Competitive Assessment: The lithium-ion battery cathode market report includes global as well as emerging players:NEI CorporationTargray Technology International, Inc.Fujitsu LimitedNICHIA CorporationOthersFact.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.
Prominently fueled by the climbing sales of electric vehicles, the demand for Li-ion battery cathode will also be upheld by the emergence of new lithium-ion generation and convergence of cathode & lithium-ion battery across the globe.You can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=3816Opportunities 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.
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.
