Market Overview:
The global cathode material of power lithium battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and batteries across the globe. Cathode materials are used in rechargeable lithium-ion batteries, which are extensively used in electric vehicles. The use of NCM or NMC cathodes is increasing due to their high capacity and superior performance as compared to other cathode materials. Lithium iron phosphate (LFP) is also gaining popularity as a cathode material owing to its low cost and high safety features. However, cobalt-based cathodes are still preferred by most manufacturers owing to their high capacity and superior performance. Regionally, North America dominates the global market for cathode material of power lithium battery followed by Europe and Asia Pacific.
Product Definition:
The cathode material of a power lithium battery is an important component that determines the performance and life of the battery. The cathode material typically consists of a lithium-ion intercalation compound, which allows for reversible storage of lithium ions. This enables the battery to be repeatedly charged and discharged without degradation in performance. The cathode material also influences the safety and thermal management characteristics of the battery.
Cobalt:
Cobalt is a chemical element that is found in the earth's crust. It has a high melting point and is used as an electrode material in lithium-ion batteries. The growing demand for electric vehicles along with rising concerns regarding energy security are expected to drive the global cobalt market over the forecast period. Cobalt finds application across various industries including chemicals, oil & gas, and metal manufacturing among others.
Manganese:
Manganese (III) is a chemical element that is a manganese-based metal. It has the highest electron configuration of the stable elements. Its lability to capture an additional electron makes it very reactive and allows it to burn in air or water. Manganese occurs in mineral groups known as the manganates and pyrolite, which are found across the world at high temperatures and pressures.
Application Insights:
The commercial vehicle segment led the market and accounted for more than 45.0% share of the global revenue in 2017 owing to rising demand from end-use industries, such as construction and heavy transport. The growth is attributed to increasing investments by governments in infrastructure development, which has resulted in growing demand for electric vehicles across various regions.
The bicycle & motorcycle segment is expected to witness significant growth over the forecast period due to increased production of these two modes of transportation globally. Increasing disposable income levels coupled with changing lifestyle have resulted in a rise in bicycle sales globally, which is anticipated to boost industry growth over the forecast period significantly.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising product demand from key application sectors including passenger cars, commercial vehicles, and bicycles & motorcycles. Increasing disposable income levels in developing countries such as China and India are expected to boost product demand further.
China was estimated as the largest battery manufacturer in 2016 owing to cheap labor costs and abundant raw material availability within its geographical proximity. However, with a decline in manufacturing output of electric vehicles since 2018 due to less government subsidies on EV batteries compared with those on petrol or diesel engines, there is a possibility that lithium-ion battery production may shift away from China towards other emerging economies such as South Korea or India over the coming years which would negatively impact industry growth across Asia Pacific region during forecast period.
North America cathode material of power lithium battery market by country (U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for lithium-ion batteries, and consequently, cathode materials.
- Growing investment in renewable energy: Renewable energy sources such as solar and wind are becoming increasingly popular due to their environmental benefits. This is leading to an increase in investment in these technologies, which will drive the growth of the power lithium battery market.
- Rising demand from developing countries: The Asia Pacific region is expected to be the fastest-growing region during the forecast period owing to rising economic development and increasing population density in countries such as China and India. This will create opportunities for players operating in this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cathode Material of Power Lithium Battery Market Research Report
By Type
Cobalt, Manganese, Nickel Cobalt Manganese (NCM or NMC), Lithium Iron Phosphate (LFP), Others
By Application
Passenger Car, Commercial Vehicle, Bicycles and Motorcycles, Other
By Companies
Long Power Systems (Suzhou) Co., Ltd, Ronbay Technology, Beijing Easpring Material Technology Co.,Ltd, Guizhou Zhenhua E-chem Inc., Hunan Shanshan Energy Technology Co. Ltd., Xiamen Tungsten Co. Ltd, Soundon New Energy Technology Co.,Ltd, Targray Technology International Inc, Mitsubishi Chemical Corporation, Hitachi Chemical Co., Ltd, Nichia Corporation, JFE Chemical Corporation, FUJITSU, BTR New Energy Materials Inc., GEM Co. Ltd, NEI Corporation, BASF SE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Cathode Material of Power Lithium Battery Market Report Segments:
The global Cathode Material of Power Lithium Battery market is segmented on the basis of:
Types
Cobalt, Manganese, Nickel Cobalt Manganese (NCM or NMC), Lithium Iron Phosphate (LFP), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle, Bicycles and Motorcycles, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Long Power Systems (Suzhou) Co., Ltd
- Ronbay Technology
- Beijing Easpring Material Technology Co.,Ltd
- Guizhou Zhenhua E-chem Inc.
- Hunan Shanshan Energy Technology Co. Ltd.
- Xiamen Tungsten Co. Ltd
- Soundon New Energy Technology Co.,Ltd
- Targray Technology International Inc
- Mitsubishi Chemical Corporation
- Hitachi Chemical Co., Ltd
- Nichia Corporation
- JFE Chemical Corporation
- FUJITSU
- BTR New Energy Materials Inc.
- GEM Co. Ltd
- NEI Corporation
- BASF SE
Highlights of The Cathode Material of Power Lithium Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cobalt
- Manganese
- Nickel Cobalt Manganese (NCM or NMC)
- Lithium Iron Phosphate (LFP)
- Others
- By Application:
- Passenger Car
- Commercial Vehicle
- Bicycles and Motorcycles
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cathode Material of Power Lithium Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cathode material of a lithium ion battery is typically made up of an oxide, such as lithium cobalt oxide (LiCoO2).
Some of the key players operating in the cathode material of power lithium battery market are Long Power Systems (Suzhou) Co., Ltd, Ronbay Technology, Beijing Easpring Material Technology Co.,Ltd, Guizhou Zhenhua E-chem Inc., Hunan Shanshan Energy Technology Co. Ltd., Xiamen Tungsten Co. Ltd, Soundon New Energy Technology Co.,Ltd, Targray Technology International Inc, Mitsubishi Chemical Corporation, Hitachi Chemical Co., Ltd, Nichia Corporation, JFE Chemical Corporation, FUJITSU, BTR New Energy Materials Inc., GEM Co. Ltd, NEI Corporation, BASF SE.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cathode Material of Power Lithium Battery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cathode Material of Power Lithium Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cathode Material of Power Lithium Battery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cathode Material of Power Lithium Battery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cathode Material of Power Lithium Battery Market Size & Forecast, 2018-2028
4.5.1 Cathode Material of Power Lithium Battery Market Size and Y-o-Y Growth
4.5.2 Cathode Material of Power Lithium Battery Market Absolute $ Opportunity
Chapter 5 Global Cathode Material of Power Lithium Battery Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cathode Material of Power Lithium Battery Market Size Forecast by Type
5.2.1 Cobalt
5.2.2 Manganese
5.2.3 Nickel Cobalt Manganese (NCM or NMC)
5.2.4 Lithium Iron Phosphate (LFP)
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cathode Material of Power Lithium Battery Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cathode Material of Power Lithium Battery Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.2.3 Bicycles and Motorcycles
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cathode Material of Power Lithium Battery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cathode Material of Power Lithium Battery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cathode Material of Power Lithium Battery Analysis and Forecast
9.1 Introduction
9.2 North America Cathode Material of Power Lithium Battery Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cathode Material of Power Lithium Battery Market Size Forecast by Type
9.6.1 Cobalt
9.6.2 Manganese
9.6.3 Nickel Cobalt Manganese (NCM or NMC)
9.6.4 Lithium Iron Phosphate (LFP)
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cathode Material of Power Lithium Battery Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.10.3 Bicycles and Motorcycles
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cathode Material of Power Lithium Battery Analysis and Forecast
10.1 Introduction
10.2 Europe Cathode Material of Power Lithium Battery Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cathode Material of Power Lithium Battery Market Size Forecast by Type
10.6.1 Cobalt
10.6.2 Manganese
10.6.3 Nickel Cobalt Manganese (NCM or NMC)
10.6.4 Lithium Iron Phosphate (LFP)
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cathode Material of Power Lithium Battery Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.10.3 Bicycles and Motorcycles
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cathode Material of Power Lithium Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cathode Material of Power Lithium Battery Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cathode Material of Power Lithium Battery Market Size Forecast by Type
11.6.1 Cobalt
11.6.2 Manganese
11.6.3 Nickel Cobalt Manganese (NCM or NMC)
11.6.4 Lithium Iron Phosphate (LFP)
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cathode Material of Power Lithium Battery Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.10.3 Bicycles and Motorcycles
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cathode Material of Power Lithium Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America Cathode Material of Power Lithium Battery Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cathode Material of Power Lithium Battery Market Size Forecast by Type
12.6.1 Cobalt
12.6.2 Manganese
12.6.3 Nickel Cobalt Manganese (NCM or NMC)
12.6.4 Lithium Iron Phosphate (LFP)
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cathode Material of Power Lithium Battery Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.10.3 Bicycles and Motorcycles
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cathode Material of Power Lithium Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cathode Material of Power Lithium Battery Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cathode Material of Power Lithium Battery Market Size Forecast by Type
13.6.1 Cobalt
13.6.2 Manganese
13.6.3 Nickel Cobalt Manganese (NCM or NMC)
13.6.4 Lithium Iron Phosphate (LFP)
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cathode Material of Power Lithium Battery Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.10.3 Bicycles and Motorcycles
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cathode Material of Power Lithium Battery Market: Competitive Dashboard
14.2 Global Cathode Material of Power Lithium Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Long Power Systems (Suzhou) Co., Ltd
14.3.2 Ronbay Technology
14.3.3 Beijing Easpring Material Technology Co.,Ltd
14.3.4 Guizhou Zhenhua E-chem Inc.
14.3.5 Hunan Shanshan Energy Technology Co. Ltd.
14.3.6 Xiamen Tungsten Co. Ltd
14.3.7 Soundon New Energy Technology Co.,Ltd
14.3.8 Targray Technology International Inc
14.3.9 Mitsubishi Chemical Corporation
14.3.10 Hitachi Chemical Co., Ltd
14.3.11 Nichia Corporation
14.3.12 JFE Chemical Corporation
14.3.13 FUJITSU
14.3.14 BTR New Energy Materials Inc.
14.3.15 GEM Co. Ltd
14.3.16 NEI Corporation
14.3.17 BASF SE
