The global lithium iron phosphate market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The production of nano lithium iron phosphate is gradually greater than that of micron lithium iron phosphate. In 2018, NanLiFePO4 production is 42185 tons, accounted for 51.86% of global market share, and is expected to reach 65966 tons by the end of 2025, accounted for 56.43% of global market share.
In terms of application, xEV industry has been the largest application segment in 2018 with a share of 41%. Power lion battery industry has been the second largest application segment in 2018 with a share of 34%. Electrochemical energy storage has been the third largest application segment in 2018 with a share of 23%.
Some Of The Growth Factors Of This Market:
- Lithium Iron Phosphate batteries are more environmentally friendly than other types of batteries because they do not contain heavy metals such as lead, mercury, and cadmium.
- Lithium Iron Phosphate batteries have a longer life span than other types of batteries because they can be charged up to 1,000 times without losing their capacity to hold a charge.
- Lithium Iron Phosphate battery technology is cheaper than other types of battery technology because it does not require rare materials such as cobalt or nickel that are expensive to mine and process into usable forms for the battery's cathode material.
- The cost of lithium iron phosphate cells has been decreasing over time due to increased production volumes and economies of scale in manufacturing processes which has led to lower prices for consumers.
- The use of lithium iron phosphate cells in electric vehicles is expected to increase demand for these cells.
Industry Growth Insights published a new data on “Lithium Iron Phosphate Market”. The research report is titled “Lithium Iron Phosphate Market research by Types (Nano-LiFePO4, Micron-LiFePO4, The production of nano lithium iron phosphate is gradually greater than that of micron lithium iron phosphate. In 2018, Nano-LiFePO4 production is 42185 tons, accounted for 51.86% of global market share, and is expected to reach 65966 tons by the end of 2025, accounted for 56.43% of global market share.), By Applications (xEV Industry, Power Li-ion Battery Industry, Electrochemical Energy Storage), By Players/Companies Johnson Matthey, Aleees, BASF, Formosa Lithium Iron Oxide, Sumitomo Osaka Cement, Guizhou Anda Energy, BTR New Energy Materials, Hunan Shenghua Technology, Pulead Technology Industry, Tianjin STL Energy Technology, Shenzhen Dynanonic, Yantai Zhuoneng, Chongqing Terui Battery Materials”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium Iron Phosphate Market Research Report
By Type
Nano-LiFePO4, Micron-LiFePO4, The production of nano lithium iron phosphate is gradually greater than that of micron lithium iron phosphate. In 2018, Nano-LiFePO4 production is 42185 tons, accounted for 51.86% of global market share, and is expected to reach 65966 tons by the end of 2025, accounted for 56.43% of global market share.
By Application
xEV Industry, Power Li-ion Battery Industry, Electrochemical Energy Storage
By Companies
Johnson Matthey, Aleees, BASF, Formosa Lithium Iron Oxide, Sumitomo Osaka Cement, Guizhou Anda Energy, BTR New Energy Materials, Hunan Shenghua Technology, Pulead Technology Industry, Tianjin STL Energy Technology, Shenzhen Dynanonic, Yantai Zhuoneng, Chongqing Terui Battery Materials
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Lithium Iron Phosphate Market Report Segments:
The global Lithium Iron Phosphate market is segmented on the basis of:
Types
Nano-LiFePO4, Micron-LiFePO4, The production of nano lithium iron phosphate is gradually greater than that of micron lithium iron phosphate. In 2018, Nano-LiFePO4 production is 42185 tons, accounted for 51.86% of global market share, and is expected to reach 65966 tons by the end of 2025, accounted for 56.43% of global market share.
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
xEV Industry, Power Li-ion Battery Industry, Electrochemical Energy Storage
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:
- Johnson Matthey
- Aleees
- BASF
- Formosa Lithium Iron Oxide
- Sumitomo Osaka Cement
- Guizhou Anda Energy
- BTR New Energy Materials
- Hunan Shenghua Technology
- Pulead Technology Industry
- Tianjin STL Energy Technology
- Shenzhen Dynanonic
- Yantai Zhuoneng
- Chongqing Terui Battery Materials
Highlights of The Lithium Iron Phosphate 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:
- Nano-LiFePO4
- Micron-LiFePO4
- The production of nano lithium iron phosphate is gradually greater than that of micron lithium iron phosphate. In 2018, Nano-LiFePO4 production is 42185 tons, accounted for 51.86% of global market share, and is expected to reach 65966 tons by the end of 2025, accounted for 56.43% of global market share.
- By Application:
- xEV Industry
- Power Li-ion Battery Industry
- Electrochemical Energy Storage
- 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 Iron Phosphate 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 Iron Phosphate is a material that has the ability to store energy. It can be used in batteries, capacitors and other electronic devices.
Some of the major companies in the lithium iron phosphate market are Johnson Matthey, Aleees, BASF, Formosa Lithium Iron Oxide, Sumitomo Osaka Cement, Guizhou Anda Energy, BTR New Energy Materials, Hunan Shenghua Technology, Pulead Technology Industry, Tianjin STL Energy Technology, Shenzhen Dynanonic, Yantai Zhuoneng, Chongqing Terui Battery Materials.
The lithium iron phosphate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithium Iron Phosphate 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 Iron Phosphate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lithium Iron Phosphate Market - Supply Chain
4.5. Global Lithium Iron Phosphate Market Forecast
4.5.1. Lithium Iron Phosphate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithium Iron Phosphate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithium Iron Phosphate Market Absolute $ Opportunity
5. Global Lithium Iron Phosphate 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 Iron Phosphate Market Size and Volume Forecast by Type
5.3.1. Nano-LiFePO4
5.3.2. Micron-LiFePO4
5.3.3. The production of nano lithium iron phosphate is gradually greater than that of micron lithium iron phosphate. In 2018, Nano-LiFePO4 production is 42185 tons, accounted for 51.86% of global market share, and is expected to reach 65966 tons by the end of 2025, accounted for 56.43% of global market share.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithium Iron Phosphate 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 Iron Phosphate Market Size and Volume Forecast by Application
6.3.1. xEV Industry
6.3.2. Power Li-ion Battery Industry
6.3.3. Electrochemical Energy Storage
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lithium Iron Phosphate 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 Iron Phosphate 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 Iron Phosphate 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 Iron Phosphate 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 Iron Phosphate Demand Share Forecast, 2019-2026
9. North America Lithium Iron Phosphate 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 Iron Phosphate 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 Iron Phosphate Market Size and Volume Forecast by Application
9.4.1. xEV Industry
9.4.2. Power Li-ion Battery Industry
9.4.3. Electrochemical Energy Storage
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lithium Iron Phosphate Market Size and Volume Forecast by Type
9.7.1. Nano-LiFePO4
9.7.2. Micron-LiFePO4
9.7.3. The production of nano lithium iron phosphate is gradually greater than that of micron lithium iron phosphate. In 2018, Nano-LiFePO4 production is 42185 tons, accounted for 51.86% of global market share, and is expected to reach 65966 tons by the end of 2025, accounted for 56.43% of global market share.
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 Iron Phosphate Demand Share Forecast, 2019-2026
10. Latin America Lithium Iron Phosphate 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 Iron Phosphate 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 Iron Phosphate Market Size and Volume Forecast by Application
10.4.1. xEV Industry
10.4.2. Power Li-ion Battery Industry
10.4.3. Electrochemical Energy Storage
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lithium Iron Phosphate Market Size and Volume Forecast by Type
10.7.1. Nano-LiFePO4
10.7.2. Micron-LiFePO4
10.7.3. The production of nano lithium iron phosphate is gradually greater than that of micron lithium iron phosphate. In 2018, Nano-LiFePO4 production is 42185 tons, accounted for 51.86% of global market share, and is expected to reach 65966 tons by the end of 2025, accounted for 56.43% of global market share.
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 Iron Phosphate Demand Share Forecast, 2019-2026
11. Europe Lithium Iron Phosphate 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 Iron Phosphate 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 Iron Phosphate Market Size and Volume Forecast by Application
11.4.1. xEV Industry
11.4.2. Power Li-ion Battery Industry
11.4.3. Electrochemical Energy Storage
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lithium Iron Phosphate Market Size and Volume Forecast by Type
11.7.1. Nano-LiFePO4
11.7.2. Micron-LiFePO4
11.7.3. The production of nano lithium iron phosphate is gradually greater than that of micron lithium ron phosphate. In 2018, Nano-LiFePO4 production is 42185 tons, accounted for 51.86% of global market share, and is expected to reach 65966 tons by the end of 2025, accounted for 56.43% of global market share.
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 Iron Phosphate Demand Share, 2019-2026
12. Asia Pacific Lithium Iron Phosphate 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 Iron Phosphate 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 Iron Phosphate Market Size and Volume Forecast by Application
12.4.1. xEV Industry
12.4.2. Power Li-ion Battery Industry
12.4.3. Electrochemical Energy Storage
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lithium Iron Phosphate Market Size and Volume Forecast by Type
12.7.1. Nano-LiFePO4
12.7.2. Micron-LiFePO4
12.7.3. The production of nano lithium iron phosphate is gradually greater than that of micron lithium iron phosphate. In 2018, Nano-LiFePO4 production is 42185 tons, accounted for 51.86% of global market share, and is expected to reach 65966 tons by the end of 2025, accounted for 56.43% of global market share.
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 Iron Phosphate Demand Share, 2019-2026
13. Middle East & Africa Lithium Iron Phosphate 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 Iron Phosphate 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 Iron Phosphate Market Size and Volume Forecast by Application
13.4.1. xEV Industry
13.4.2. Power Li-ion Battery Industry
13.4.3. Electrochemical Energy Storage
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lithium Iron Phosphate Market Size and Volume Forecast by Type
13.7.1. Nano-LiFePO4
13.7.2. Micron-LiFePO4
13.7.3. The production of nano lithium iron phosphate is gradually greater than that of micron lithium iron phosphate. In 2018, Nano-LiFePO4 production is 42185 tons, accounted for 51.86% of global market share, and is expected to reach 65966 tons by the end of 2025, accounted for 56.43% of global market share.
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 Iron Phosphate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lithium Iron Phosphate Market: Market Share Analysis
14.2. Lithium Iron Phosphate Distributors and Customers
14.3. Lithium Iron Phosphate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson Matthey
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Aleees
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BASF
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Formosa Lithium Iron Oxide
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sumitomo Osaka Cement
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Guizhou Anda Energy
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BTR New Energy Materials
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hunan Shenghua 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. Pulead Technology Industry
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tianjin STL Energy Technology
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shenzhen Dynanonic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Yantai Zhuoneng
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Chongqing Terui Battery Materials
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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
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