Global Cathode Materials Market Size, Trends, and Growth Opportunity, By Battery Type (Lead Acid, Lithium-Ion, and Others), By Material Type (Lithium Iron Phosphate, Lithium Cobalt Oxide, Lithium-Nickel Manganese, Lithium Manganese Oxide, Lithium Cobalt Nickel Aluminum Oxide, Lead Dioxide, and Others), By Application (Automotive, Consumer Electronics, Power Tools, Energy Storage, and Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Cathode Materials Market
Global Cathode Materials Market was valued at USD 24.5 billion in 2021 and is expected to reach USD 52.8 billion by 2027, at a CAGR of 13.12% from 2022-2027.
Nickel, cobalt, and manganese make up the cathode materials, which are made of a multi-metal oxide that also contains lithium. This group of batteries includes a variety of products that cater to different user needs for high energy density or high load capacity.
Market Drivers
The growth of the cathode materials market has been fueled by the expansion of product applications in the automotive and electrical industries.
Furthermore, initiatives beneath the Clean Energy Ministerial (CEM) such as the electric vehicle initiative and drift preference from fuel energy to battery energy due to CO2 emission regulations are likely to drive the consumption of cathode material soon.
Market Restraints
Stringent safety regulations for batteries during transportation and storage are a major restraint for the growth of the cathode materials market. Further, many factors such as safety issues with transportation & storage and unfavorable conditions arising due to covid-19 outbreak restrain the market growth.
Market Segmentation
Global Cathode Materials Market is segmented into battery type, material type, application, and region.
The automotive segment stands to be the dominating segment owing to the extensive consumption of cathode material in batteries in vehicles.
Regional Analysis
Global Cathode Materials Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia-Pacific region dominates the cathode materials market, owing to the growing application of cathode material in the automotive industry, which augments the demand for cathode material. Also, the region has been registering strong growth in the utilization of cathode material in consumer electronics, and renewable energy, which is expected to drive the market over the forecast period.
Key Players
Various key players are discussed in the Global Cathode Materials Market Report including Johnson Matthey, Sumitomo Metal Mining Co. Ltd, Targray Technology International, BASF SE, Umicore amongst, 3M, Hitachi Chemical Co., Ltd, LG Chem, POSCO, TODA KOGYO CORP, and others.
Market Taxonomy
By Battery Type
• Lead Acid
• Lithium-Ion
• Others
By Material Type
• Lithium Iron Phosphate
• Lithium Cobalt Oxide
• Lithium-Nickel Manganese
• Lithium Manganese Oxide
• Lithium Cobalt Nickel Aluminum Oxide
• Lead Dioxide
• Others
By Application
• Automotive
• Consumer Electronics
• Power Tools
• Energy Storage
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
Global Cathode Materials Market toc
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Cathode Materials Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Cathode Materials Market, By Battery Type
5.1 Y-o-Y Growth Comparison, By Battery Type
5.2 Global Cathode Materials Market Share Analysis, By Battery Type
5.3 Global Cathode Materials Market Size and Forecast, By Battery Type
5.3.1 Lead Acid
5.3.2 Lithium-Ion
5.3.3 Others
6 Global Cathode Materials Market, By Material Type
6.1 Y-o-Y Growth Comparison, By Material Type
6.2 Global Cathode Materials Market Share Analysis, By Material Type
6.3 Global Cathode Materials Market Size and Forecast, By Material Type
6.3.1 Lithium Iron Phosphate
6.3.2 Lithium Cobalt Oxide
6.3.3 Lithium-Nickel Manganese
6.3.4 Lithium Manganese Oxide
6.3.5 Lithium Cobalt Nickel Aluminum Oxide
6.3.6 Lead Dioxide
6.3.7 Others
7 Global Cathode Materials Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Cathode Materials Market Share Analysis, By Application
7.3 Global Cathode Materials Market Size and Forecast, By Application
7.3.1 Automotive
7.3.2 Consumer Electronics
7.3.3 Power Tools
7.3.4 Energy Storage
7.3.5 Others
8 Global Cathode Materials Market, By Region
8.1 Global Cathode Materials Market Share Analysis, By Region
8.2 Global Cathode Materials Market Share Analysis, By Region
8.3 Global Cathode Materials Market Size and Forecast, By Region
9 North America Cathode Materials Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Cathode Materials Market Share Analysis, By Plant Type
9.3 North America Cathode Materials Market Share Analysis, By Material Type
9.4 North America Cathode Materials Market Size and Forecast, By Application
9.5 North America Cathode Materials Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Cathode Materials Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Cathode Materials Market Share Analysis, By Battery Type
10.3 Europe Cathode Materials Market Share Analysis, By Material Type
10.4 Europe Cathode Materials Market Size and Forecast, By Application
10.5 Europe Cathode Materials Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Cathode Materials Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Cathode Materials Market Share Analysis, By Battery Type
11.3 Asia Pacific Cathode Materials Market Share Analysis, By Material Type
11.4 Asia Pacific Cathode Materials Market Size and Forecast, By Application
11.5 Asia Pacific Cathode Materials Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Cathode Materials Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Cathode Materials Market Share Analysis, By Battery Type
12.3 Latin America Cathode Materials Market Share Analysis, By Material Type
12.4 Latin America Cathode Materials Market Size and Forecast, By Application
12.5 Latin America Cathode Materials Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Cathode Materials Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Cathode Materials Market Share Analysis, By Battery Type
13.3 Middle East Cathode Materials Market Share
