Market Overview:
The global lithium battery cathode material 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 consumer electronics products. Additionally, the growing awareness about environment-friendly and energy-efficient technologies is also propelling the growth of this market. The global lithium battery cathode material market can be segmented on the basis of type, application, and region. On the basis of type, cobalt, manganese phosphate (MnPO4), nickel cobalt manganese (NCM or NMC), lithum iron phosphate (LFP), and others are included in this study. NCM/NMC dominated this market in 2017 owing to its high capacity and superior performance as compared to other types of cathodes materials. MnPO4 is projected to grow at a highest CAGR during 2018-2030 due its low cost as compared with other types of cathodes materials. On the basis on application, power tools, medical equipment consumer electronics products are included in this study .Consumer electronics product held majority share in 2017 owing rising demand for smartphones ,tablets PCs etc .
Product Definition:
A cathode material is a component of a battery that stores energy. Lithium ion batteries use lithium cobalt oxide as the cathode material. This material is important because it has a high capacity and can handle many charging and discharging cycles.
Cobalt:
Cobalt is a chemical element produced by the ores of cobaltite and coke ovens. It has six different forms namely, ferroco Cobalt (FeCo), hexagonal Cobalt (III), non-hexagonal Cobalt (II), orthophosphate Ferroco (FePO4) and phosphates Ferric Oxide & Manganese Iron Phosphate(FOP).
Manganese:
Manganese (III) is a chemical element that is a manganese-based metal with the formula Mn3. It is a soft, silver-gray, ductile metal that usually occurs in mineral form and can be found in combination with iron and other metals as well. Manganese exists at several oxidation states; the most common ones are +2 and +6.
Application Insights:
The consumer electronics segment accounted for a market share of over 15% in 2017. The growth can be attributed to the increasing use of lithium battery in portable devices such as smartphones and laptops. Increasing demand for high-performance energy storage products from the medical equipment industry is expected to drive product demand over the forecast period.
Power tools was another prominent application segment accounting for a significant market share in 2017 owing to rising construction activities across several regions, including Asia Pacific and Middle East & Africa, with growing emphasis on infrastructure development by various governments across the world. This factor is projected to fuel product demand during the forecast period significantly driving growth towards 2030 ¢â€š¹ 2030 ¢â€š¬in terms of revenue and volume wise respectively¢â€š¬.
Increasing investments by various companies especially from China, Japan, South Korea.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a growing demand for consumer electronics products, power tools, medical devices, and other applications that require lightweight batteries. Increasing disposable income levels coupled with rising penetration of smartphones in developing economies such as China and India are anticipated to drive product adoption across various industries.
The growth of key players such as Panasonic Corporation; SANYO Electric Co., Ltd.; Sony Corporation; Samsung Group; LG Chem Ltd.; Toshiba Corporation; among others has resulted in increased production capacity for Lithium-ion battery cathodes materials across Asia Pacific thus far making it a dominant player in the industry globally. However, recent developments pertaining to COVID-19 have led governments from various countries around the world to take stringent measures against imports from China which include import taxes on almost all lithium-based products including batteries manufactured outside of China (i.e., overseas).
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 battery cathode material.
- Growing demand from energy storage applications: Lithium battery cathode material is also finding increasing application in energy storage systems owing to its high capacity and long cycle life. This is expected to boost the market growth during the forecast period.
- Rising investment in renewable energy sources: Governments and private investors are increasingly investing in renewable energy sources such as solar and wind power, which require large-scale deployment of lithium batteries for grid stabilization purposes. This will create opportunities for growth of the lithium battery cathode material market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium Battery Cathode Material Market Research Report
By Type
Cobalt, Manganese, Phosphate, Nickel Cobalt Manganese (NCM or NMC), Lithium Iron Phosphate (LFP), Others
By Application
Power Tools, Medical Equipment, Consumer Electronics Products, Others
By Companies
Umicore, Shanshan, Easpring, MGL, BM, Reshine, Jinhe Share, Tianjiao Technology, Xiamen Tungsten, ANYUN, STL, LG Chemical, Toda Kogyo, SMM Group, MITSUI KINZOKU
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Lithium Battery Cathode Material Market Report Segments:
The global Lithium Battery Cathode Material market is segmented on the basis of:
Types
Cobalt, Manganese, Phosphate, 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
Power Tools, Medical Equipment, Consumer Electronics Products, 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
- Shanshan
- Easpring
- MGL
- BM
- Reshine
- Jinhe Share
- Tianjiao Technology
- Xiamen Tungsten
- ANYUN
- STL
- LG Chemical
- Toda Kogyo
- SMM Group
- MITSUI KINZOKU
Highlights of The Lithium Battery Cathode Material 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
- Phosphate
- Nickel Cobalt Manganese (NCM or NMC)
- Lithium Iron Phosphate (LFP)
- Others
- By Application:
- Power Tools
- Medical Equipment
- Consumer Electronics Products
- 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 Lithium Battery Cathode Material 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.
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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?
Lithium battery cathode material is a compound that contains lithium and oxygen.
Some of the major companies in the lithium battery cathode material market are Umicore, Shanshan, Easpring, MGL, BM, Reshine, Jinhe Share, Tianjiao Technology, Xiamen Tungsten, ANYUN, STL, LG Chemical, Toda Kogyo, SMM Group, MITSUI KINZOKU.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithium Battery Cathode Material Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lithium Battery Cathode Material Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lithium Battery Cathode Material Market - Supply Chain
4.5. Global Lithium Battery Cathode Material Market Forecast
4.5.1. Lithium Battery Cathode Material Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithium Battery Cathode Material Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithium Battery Cathode Material Market Absolute $ Opportunity
5. Global Lithium Battery Cathode Material Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lithium Battery Cathode Material Market Size and Volume Forecast by Type
5.3.1. Cobalt
5.3.2. Manganese
5.3.3. Phosphate
5.3.4. Nickel Cobalt Manganese (NCM or NMC)
5.3.5. Lithium Iron Phosphate (LFP)
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithium Battery Cathode Material Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lithium Battery Cathode Material Market Size and Volume Forecast by Application
6.3.1. Power Tools
6.3.2. Medical Equipment
6.3.3. Consumer Electronics Products
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lithium Battery Cathode Material Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lithium Battery Cathode Material Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lithium Battery Cathode Material Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lithium Battery Cathode Material Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lithium Battery Cathode Material Demand Share Forecast, 2019-2026
9. North America Lithium Battery Cathode Material Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lithium Battery Cathode Material Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lithium Battery Cathode Material Market Size and Volume Forecast by Application
9.4.1. Power Tools
9.4.2. Medical Equipment
9.4.3. Consumer Electronics Products
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lithium Battery Cathode Material Market Size and Volume Forecast by Type
9.7.1. Cobalt
9.7.2. Manganese
9.7.3. Phosphate
9.7.4. Nickel Cobalt Manganese (NCM or NMC)
9.7.5. Lithium Iron Phosphate (LFP)
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lithium Battery Cathode Material Demand Share Forecast, 2019-2026
10. Latin America Lithium Battery Cathode Material Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lithium Battery Cathode Material Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lithium Battery Cathode Material Market Size and Volume Forecast by Application
10.4.1. Power Tools
10.4.2. Medical Equipment
10.4.3. Consumer Electronics Products
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lithium Battery Cathode Material Market Size and Volume Forecast by Type
10.7.1. Cobalt
10.7.2. Manganese
10.7.3. Phosphate
10.7.4. Nickel Cobalt Manganese (NCM or NMC)
10.7.5. Lithium Iron Phosphate (LFP)
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lithium Battery Cathode Material Demand Share Forecast, 2019-2026
11. Europe Lithium Battery Cathode Material Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lithium Battery Cathode Material Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lithium Battery Cathode Material Market Size and Volume Forecast by Application
11.4.1. Power Tools
11.4.2. Medical Equipment
11.4.3. Consumer Electronics Products
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lithium Battery Cathode Material Market Size and Volume Forecast by Type
11.7.1. Cobalt
11.7.2. Manganese
11.7.3. Phosphate
11.7.4. Nickel Cobalt Manganese (NCM or NMC)
11.7.5. Lithium Iron Phosphate (LFP)
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lithium Battery Cathode Material Demand Share, 2019-2026
12. Asia Pacific Lithium Battery Cathode Material Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lithium Battery Cathode Material Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lithium Battery Cathode Material Market Size and Volume Forecast by Application
12.4.1. Power Tools
12.4.2. Medical Equipment
12.4.3. Consumer Electronics Products
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lithium Battery Cathode Material Market Size and Volume Forecast by Type
12.7.1. Cobalt
12.7.2. Manganese
12.7.3. Phosphate
12.7.4. Nickel Cobalt Manganese (NCM or NMC)
12.7.5. Lithium Iron Phosphate (LFP)
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lithium Battery Cathode Material Demand Share, 2019-2026
13. Middle East & Africa Lithium Battery Cathode Material Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lithium Battery Cathode Material Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lithium Battery Cathode Material Market Size and Volume Forecast by Application
13.4.1. Power Tools
13.4.2. Medical Equipment
13.4.3. Consumer Electronics Products
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lithium Battery Cathode Material Market Size and Volume Forecast by Type
13.7.1. Cobalt
13.7.2. Manganese
13.7.3. Phosphate
13.7.4. Nickel Cobalt Manganese (NCM or NMC)
13.7.5. Lithium Iron Phosphate (LFP)
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lithium Battery Cathode Material Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lithium Battery Cathode Material Market: Market Share Analysis
14.2. Lithium Battery Cathode Material Distributors and Customers
14.3. Lithium Battery Cathode Material Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Umicore
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shanshan
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Easpring
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MGL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BM
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Reshine
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jinhe Share
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tianjiao Technology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Xiamen Tungsten
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ANYUN
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. STL
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LG Chemical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Toda Kogyo
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SMM Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. MITSUI KINZOKU
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
