Market Overview:
The global ternary cathode materials for lithium-ion batteries 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 3C digital devices. In terms of type, NCM is expected to dominate the market during the forecast period, followed by NCA. NCM is mainly used in automotive batteries, while NCA finds application in 3C digital devices and other industrial applications. North America dominates the global ternary cathode materials for lithium-ion batteries market, followed by Europe and Asia Pacific.
Product Definition:
Ternary cathode materials are composed of three different chemical elements, typically a metal oxide, a carbonate and a fluoride. They are used in lithium-ion batteries to improve performance and cycling stability. The use of ternary cathode materials allows for the design of batteries with higher capacity, longer life and improved safety.
NCM:
The NCM market is expected to grow at a significant rate owing to the growing demand for ternary lithium-ion batteries in electric and hybrid vehicles. The usage of these materials has been rising in recent years on account of their high capacity, low specific weight, and superior thermal stability. These are preferred over graphite-based or other composite materials due to their lower cost compared with other battery components as well as the environment.
NCA:
NCA is Nitric Acid and it’s an inorganic compound used as a precursor to fertilizers, industrial chemicals, and other products. It also has wide applications in the chemical industry for the production of nylon 6,6; phenolic resin; polyurethanes; synthetic rubber (polychloroprene); epoxy resins; unsaturated polyester resins (UPR); and specialty chemicals.
Application Insights:
The 3C digital battery application segment accounted for the largest revenue share of over 30% in 2017. The segment is projected to witness significant growth during the forecast period owing to increasing demand for energy storage devices that support fast charging and provide enhanced performance. Ternary NCM offers several advantages over conventional materials used in lithium-ion batteries, such as higher power density, safety against short-circuit and high rate discharge, improved cycle life and thermal stability. These aforementioned factors are expected to increase product adoption for 3C digital batteries across various end-use industries including automotive, consumer electronics among others during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to a decline in consumer electronics production and an increase in automotive production. In addition, stringent government regulations regarding carbon footprints are expected to drive the demand for electric vehicles, thereby driving NCM demand over the forecast period.
The Asia Pacific market is anticipated to grow at a significant rate from 2018 to 2030 due of increasing automobile sales and growing adoption of electric vehicles across countries such as China and India. Furthermore, supportive government policies aimed at promoting sustainable energy solutions are also likely boost industry growth over the coming years.
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, which in turn will drive the growth of the ternary cathode materials market.
- Growing investments in renewable energy: Governments and private investors are increasingly investing in renewable energy sources such as solar and wind power. This is expected to result in an increase in the demand for lithium-ion batteries, thereby driving the growth of ternary cathode materials market.
- Rising consumer electronics industry: The global consumer electronics industry is growing at a rapid pace, with sales projected to reach USD 1 trillion by 2020. This will lead to an increase in demand for lithium-ion batteries, which will spur growth of ternary cathode materials market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ternary Cathode Materials for Lithium-Ion Batteries Market Research Report
By Type
NCM, NCA
By Application
3C Digital Battery, Automotive Battery, Others
By Companies
Umicore, Nichia, Ningbo Shanshan, GS Energy, Toda Kogyo, ECOPRO, Sumitomo Metal, LG Chem, Ningbo Ronbay New Energy, Changyuan Lico, Beijing Easpring Material, Xiamen Tungsten, Zhenhua E-chem, Bamo-tech
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
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Ternary Cathode Materials for Lithium-Ion Batteries Market Report Segments:
The global Ternary Cathode Materials for Lithium-Ion Batteries market is segmented on the basis of:
Types
NCM, NCA
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
3C Digital Battery, Automotive Battery, Others
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:
- Umicore
- Nichia
- Ningbo Shanshan
- GS Energy
- Toda Kogyo
- ECOPRO
- Sumitomo Metal
- LG Chem
- Ningbo Ronbay New Energy
- Changyuan Lico
- Beijing Easpring Material
- Xiamen Tungsten
- Zhenhua E-chem
- Bamo-tech
Highlights of The Ternary Cathode Materials for Lithium-Ion Batteries 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:
- NCM
- NCA
- By Application:
- 3C Digital Battery
- Automotive Battery
- Others
- 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 Ternary Cathode Materials for Lithium-Ion Batteries 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Ternary cathode materials are used in lithium-ion batteries to improve performance and reduce weight. Ternary materials consist of a metal oxide, an organic compound, and a salt. The metal oxide helps to create an electrical current while the organic compound provides stability and prevents the battery from becoming damaged over time. The salt helps to increase the battery's ability to hold a charge.
Some of the major players in the ternary cathode materials for lithium-ion batteries market are Umicore, Nichia, Ningbo Shanshan, GS Energy, Toda Kogyo, ECOPRO, Sumitomo Metal, LG Chem, Ningbo Ronbay New Energy, Changyuan Lico, Beijing Easpring Material, Xiamen Tungsten, Zhenhua E-chem, Bamo-tech.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ternary Cathode Materials for Lithium-Ion Batteries 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 Ternary Cathode Materials for Lithium-Ion Batteries Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ternary Cathode Materials for Lithium-Ion Batteries 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 Ternary Cathode Materials for Lithium-Ion Batteries 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 Ternary Cathode Materials for Lithium-Ion Batteries Market Size & Forecast, 2020-2028 4.5.1 Ternary Cathode Materials for Lithium-Ion Batteries Market Size and Y-o-Y Growth 4.5.2 Ternary Cathode Materials for Lithium-Ion Batteries Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 NCM
5.2.2 NCA
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 3C Digital Battery
6.2.2 Automotive Battery
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ternary Cathode Materials for Lithium-Ion Batteries 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 Ternary Cathode Materials for Lithium-Ion Batteries 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 NCM
9.6.2 NCA
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 Market Size Forecast by Applications
9.10.1 3C Digital Battery
9.10.2 Automotive Battery
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 NCM
10.6.2 NCA
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 Market Size Forecast by Applications
10.10.1 3C Digital Battery
10.10.2 Automotive Battery
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 NCM
11.6.2 NCA
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 Market Size Forecast by Applications
11.10.1 3C Digital Battery
11.10.2 Automotive Battery
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 NCM
12.6.2 NCA
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 Market Size Forecast by Applications
12.10.1 3C Digital Battery
12.10.2 Automotive Battery
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 NCM
13.6.2 NCA
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) Market Size Forecast by Applications
13.10.1 3C Digital Battery
13.10.2 Automotive Battery
13.10.3 Others
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 Ternary Cathode Materials for Lithium-Ion Batteries Market: Competitive Dashboard
14.2 Global Ternary Cathode Materials for Lithium-Ion Batteries Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Umicore
14.3.2 Nichia
14.3.3 Ningbo Shanshan
14.3.4 GS Energy
14.3.5 Toda Kogyo
14.3.6 ECOPRO
14.3.7 Sumitomo Metal
14.3.8 LG Chem
14.3.9 Ningbo Ronbay New Energy
14.3.10 Changyuan Lico
14.3.11 Beijing Easpring Material
14.3.12 Xiamen Tungsten
14.3.13 Zhenhua E-chem
14.3.14 Bamo-tech