Cathode Materials Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Cathode Materials Market: By Battery Type (Lead Acid and Lithium-ion), By Material (Lead Dioxide, Lithium Manganese Oxide, Lithium Cobalt Oxide, Lithium Iron Phosphate, and Others), By Application (Automotive, Consumer Electronics), and Geography

 

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Report

Description

Cathode Materials Market size was valued at USD 15.8 billion in 2021 and is expected to grow at a CAGR of 6.4% during the forecast period 2022-2028. The increasing demand for electric vehicles, the increased use of lithium-ion batteries in energy storage systems, and governmental regulations to increase vehicle fuel efficiency globally are all factors that are contributing to the growth of the global cathode materials market. The market is anticipated to expand at a good rate as a result of the increased use of cathode materials across sectors and expanding investments in the renewable energy sector. A cathode is an electrode that is negatively charged and permits regular current to exit a polarised electrical device. A positive charge travelling in one direction is what is meant by the term “conventional current.” Since they have a negative charge, electrons move against the direction of typical current flow. Cathode current deposits are created when an external circuit sends electrons into a device’s cathode (CCD). Examples of cathode materials that are typically used as voltage- or energy-limiting electrodes include lithium manganese oxide, lithium cobalt oxide, lithium nickel cobalt aluminium oxide, lithium iron phosphate, lithium nickel manganese cobalt oxide, oxyhydroxide, lead dioxide, graphite cathode, and sodium iron phosphate. Consumer goods including power tools, laptop computers, and smartphones contain cathode materials. Electric vehicles, energy storage, power tools, forklifts, telephony, UPS, and transportation are just a few of the industrial uses for lithium-ion batteries that have emerged in recent years. Government subsidies and changes in policy have also contributed to the market expansion for cathode materials during the past few years. Due to an anticipated increase in the consumption of cathode materials to produce batteries for automobile production, the automotive sector is anticipated to contribute the most to the global market for cathode materials in the future. Due to the rising demand for lithium-ion batteries across a variety of worldwide industries, the lithium-ion cathode material is anticipated to make the largest contribution to the market for cathode materials overall. But over the period, cathode materials market growth is anticipated to be constrained by stringent government safety rules for batteries during production, transportation, and storage.

 

Critical Developments in Cathode Materials Market

Aug 2022 – RecycLiCo Battery Materials Advances to Lithium Recovery Stage of Demonstration Plant Project.

Oct 2022 – Freyr & Aleees sign agreement for LFP cathode materials

Cathode Materials Market

MARKET SUMMARY
-
6.4%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.4%
  • Largest Market– North America
  • Fastest Growing Market–  Asia Pacific

Cathode Materials Market

  • This report gives a comprehensive outlook on cathode materials market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
  • The cathode materials market report gives historical, current, and future market sizes (US$ Mn) on the basis of battery type, by material, by application and geography
Key Players
  • BASF SE
  • 3M
  • Umicore
  • POSCO
  • Hitachi Chemical Co., Ltd
Cathode Materials Market Dynamics

There are several well-known competitors in the highly competitive global cathode materials market. In the upcoming years, a few major players will hold a significant portion of the worldwide cathode materials market. To increase their market presence and revenue share, well-known businesses in the cathode materials industry may team up with lesser-known competitors. Future participants in the cathode materials market may decide to use research and development projects to create cathode materials of higher quality as a key growth strategy. However, there has been an increase in the need for cathode materials in the cathode production of batteries, which has aided in the expansion of the cathode materials market as a whole. The cathode materials business as a whole will be driven by the adoption of renewable energy battery storage technologies by various countries to combat prices and carbon emissions from fuel energy.


Asia Pacific Got Significant Share

Cathode Materials Market

The Asia-Pacific Market is expected to dominate the cathode materials market. This is a result of growing battery use and demand for battery energy systems in nations like China, India, South Korea, and others. Furthermore, strict government regulations aimed at reducing CO2 emissions are anticipated to enhance vehicle manufacturers' preference for battery energy over gasoline-based energy, which is anticipated to fuel market demand. Due to its massive EV producers and customers, China's market accounted for the greatest revenue share. The expansion of renewable energy programmes and ambitious financial pledges from nations like China also help to drive up revenue. Several important players are growing their companies in order to outperform rivals. North America is expected to be the second region dominating the Cathode Materials Market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Cathode Materials Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

Oct 11, 2022 – Freyr & Aleees sign agreement for LFP cathode materials

The cathode materials market size is poised to grow at a significant CAGR of 6.4% over 2022–2028.

The cathode materials market size is valued at USD 15.8 billion in 2021.

The lead-acid segment holds the highest market share.


Report

Company Profile

  • BASF SE
  • Mitsubishi Chemical Corporation
  • 3M
  • Umicore
  • POSCO
  • Hitachi Chemical Co., Ltd
  • Johnson Matthey
  • Mitsui Mining & Smelting Co., Ltd
  • Sumitomo Metal Mining Co. Ltd
  • Kureha Corporation

Description

Cathode Materials Market size was valued at USD 15.8 billion in 2021 and is expected to grow at a CAGR of 6.4% during the forecast period 2022-2028. The increasing demand for electric vehicles, the increased use of lithium-ion batteries in energy storage systems, and governmental regulations to increase vehicle fuel efficiency globally are all factors that are contributing to the growth of the global cathode materials market. The market is anticipated to expand at a good rate as a result of the increased use of cathode materials across sectors and expanding investments in the renewable energy sector. A cathode is an electrode that is negatively charged and permits regular current to exit a polarised electrical device. A positive charge travelling in one direction is what is meant by the term “conventional current.” Since they have a negative charge, electrons move against the direction of typical current flow. Cathode current deposits are created when an external circuit sends electrons into a device’s cathode (CCD). Examples of cathode materials that are typically used as voltage- or energy-limiting electrodes include lithium manganese oxide, lithium cobalt oxide, lithium nickel cobalt aluminium oxide, lithium iron phosphate, lithium nickel manganese cobalt oxide, oxyhydroxide, lead dioxide, graphite cathode, and sodium iron phosphate. Consumer goods including power tools, laptop computers, and smartphones contain cathode materials. Electric vehicles, energy storage, power tools, forklifts, telephony, UPS, and transportation are just a few of the industrial uses for lithium-ion batteries that have emerged in recent years. Government subsidies and changes in policy have also contributed to the market expansion for cathode materials during the past few years. Due to an anticipated increase in the consumption of cathode materials to produce batteries for automobile production, the automotive sector is anticipated to contribute the most to the global market for cathode materials in the future. Due to the rising demand for lithium-ion batteries across a variety of worldwide industries, the lithium-ion cathode material is anticipated to make the largest contribution to the market for cathode materials overall. But over the period, cathode materials market growth is anticipated to be constrained by stringent government safety rules for batteries during production, transportation, and storage.

 

Critical Developments in Cathode Materials Market

Aug 2022 – RecycLiCo Battery Materials Advances to Lithium Recovery Stage of Demonstration Plant Project.

Oct 2022 – Freyr & Aleees sign agreement for LFP cathode materials

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