Market Overview:
The global lithium iron phosphate (LiFePO4) 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 (EVs) and power li-ion batteries. Additionally, the growing electrochemical energy storage industry is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing LiFePO4 material may restrain the market growth during the forecast period. On basis of type, ano-LiFePO4 segment is projected to lead the global lithium iron phosphate (LiFePO4) material market with a share of XX% by 2030 end. This can be attributed to its high specific capacity and superior thermal stability as compared to other types of LiFePO4 materials available in the market. Micron-LiFePO4 segment is projected grow at highest CAGR over next 10 years owing its advantages such as improved safety, low cost and better performance over ano-type LiFEPO 4 . Based on application, EVs industry segment accounted for majority share in 2017 and it is expected that this trend will continue throughout forecast period owing rising demand for electric vehicles across globe coupled with stringent emission norms being implemented by various governments worldwide.
 Material Industry Outlook.svg)
Product Definition:
Lithium iron phosphate is a type of battery material used in lithium-ion batteries. It has a high capacity and is able to handle more charge cycles than other materials, making it a desirable choice for battery applications.
ano-LiFePO4:
Ano-LiFePO4 is a type of lithium iron phosphate, which has the formula 3 (N,N‘-dimethyl 1,2 diphenylpropane) phosphite. It occurs in nature as an accessory mineral in some clays and evaporates during steam sterilization.
Micron-LiFePO4:
LiFePO4 is a material that has the composition of lithium iron phosphate. It has a formula of (LiFePO4)O and it’s appearance is white powder. The product finds its major application in battery electrodes where it acts as an additive to enhance the capacity and reduce the internal impedance of batteries.
Application Insights:
The EV industry segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. Increasing demand for electric vehicles as a result of government initiatives such as ¢â‚¬Å“Emission Reduction Fund¢â‚¬ in various countries including U.S., China, India and Norway is expected to drive the industry growth over the coming years.
Power Li-ion battery industry segment is also estimated to witness significant growth during the forecast period owing to increasing usage of power LiFePO4 materials in batteries used in residential, commercial and industrial applications across different regions including Latin America, Asia Pacific, North America and Europe. The use of power LiFePO4 material increases energy density by more than 10% which aids lower carbon emissions per unit of energy generated compared with other conventional technologies such as coal or gas plants generating electricity.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are aggressively investing in electric vehicles (EVs) and energy storage systems (ESS), which will have a positive impact on the industry growth over the next few years. Moreover, rising demand for consumer electronics products along with increasing government subsidies & FDI investments in EV batteries will further propel industry expansion over this region.
Europe accounted for a significant share of global revenue owing to high penetration of EVs across major countries such as Germany and France coupled with supportive government policies aimed at reducing carbon emission from automotive sector by promoting clean energy technologies such as EVs/batteries etc.). In addition, growing manufacturing facilities of key players coupled with increasing R&D activities related to EV batteries will drive regional market growth during the forecast period.
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 iron phosphate batteries, as they are used in most electric vehicles.
- Growing demand from renewable energy sector: The global renewable energy market is expected to grow at a CAGR of more than 10% during the forecast period. This will lead to an increase in the demand for lithium iron phosphate batteries, as they are used in most renewable energy applications.
- Rising investment in smart grid infrastructure: The global market for smart grid infrastructure is expected to grow at a CAGR of more than 15% during the forecast period. This will lead to an increase in the demand for lithium iron phosphate batteries, as they are used extensively in smart grids applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium Iron Phosphate (LiFePO4) Material Market Research Report
By Type
ano-LiFePO4, Micron-LiFePO4
By Application
EV Industry, Power Li-ion Battery Industry, Electrochemical Energy Storage
By Companies
ohnson Matthey, BASF, Formosa Lithium Iron Oxide, Sumitomo Osaka Cement, BTR New Energy Materials, Hunan Shenghua, Pulead Technology, Guizhou Anda Energy, Shenzhen Dynanonic, Tianjin STL Energy, Chongqing Terui, Yantai Zhuoneng, Aleees
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Lithium Iron Phosphate (LiFePO4) Material Market Report Segments:
The global Lithium Iron Phosphate (LiFePO4) Material market is segmented on the basis of:
Types
ano-LiFePO4, Micron-LiFePO4
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
EV 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:
- ohnson Matthey
- BASF
- Formosa Lithium Iron Oxide
- Sumitomo Osaka Cement
- BTR New Energy Materials
- Hunan Shenghua
- Pulead Technology
- Guizhou Anda Energy
- Shenzhen Dynanonic
- Tianjin STL Energy
- Chongqing Terui
- Yantai Zhuoneng
- Aleees
 Material Market Overview.svg)
Highlights of The Lithium Iron Phosphate (LiFePO4) 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:
- ano-LiFePO4
- Micron-LiFePO4
- By Application:
- EV 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 (LiFePO4) 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.
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
 Material Market Statistics.svg)
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 (LiFePO4) is a material that has the potential to revolutionize energy storage. It can be used in batteries, capacitors, and other electronic devices.
Some of the major companies in the lithium iron phosphate (lifepo4) material market are ohnson Matthey, BASF, Formosa Lithium Iron Oxide, Sumitomo Osaka Cement, BTR New Energy Materials, Hunan Shenghua, Pulead Technology, Guizhou Anda Energy, Shenzhen Dynanonic, Tianjin STL Energy, Chongqing Terui, Yantai Zhuoneng, Aleees.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithium Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) Material Market - Supply Chain
4.5. Global Lithium Iron Phosphate (LiFePO4) Material Market Forecast
4.5.1. Lithium Iron Phosphate (LiFePO4) Material Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithium Iron Phosphate (LiFePO4) Material Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithium Iron Phosphate (LiFePO4) Material Market Absolute $ Opportunity
5. Global Lithium Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) Material Market Size and Volume Forecast by Type
5.3.1. ano-LiFePO4
5.3.2. Micron-LiFePO4
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithium Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) Material Market Size and Volume Forecast by Application
6.3.1. EV 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 (LiFePO4) 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 Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) Material Demand Share Forecast, 2019-2026
9. North America Lithium Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) Material Market Size and Volume Forecast by Application
9.4.1. EV 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 (LiFePO4) Material Market Size and Volume Forecast by Type
9.7.1. ano-LiFePO4
9.7.2. Micron-LiFePO4
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 (LiFePO4) Material Demand Share Forecast, 2019-2026
10. Latin America Lithium Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) Material Market Size and Volume Forecast by Application
10.4.1. EV 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 (LiFePO4) Material Market Size and Volume Forecast by Type
10.7.1. ano-LiFePO4
10.7.2. Micron-LiFePO4
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 (LiFePO4) Material Demand Share Forecast, 2019-2026
11. Europe Lithium Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) Material Market Size and Volume Forecast by Application
11.4.1. EV 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 (LiFePO4) Material Market Size and Volume Forecst by Type
11.7.1. ano-LiFePO4
11.7.2. Micron-LiFePO4
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 (LiFePO4) Material Demand Share, 2019-2026
12. Asia Pacific Lithium Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) Material Market Size and Volume Forecast by Application
12.4.1. EV 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 (LiFePO4) Material Market Size and Volume Forecast by Type
12.7.1. ano-LiFePO4
12.7.2. Micron-LiFePO4
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 (LiFePO4) Material Demand Share, 2019-2026
13. Middle East & Africa Lithium Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) 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 Iron Phosphate (LiFePO4) Material Market Size and Volume Forecast by Application
13.4.1. EV 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 (LiFePO4) Material Market Size and Volume Forecast by Type
13.7.1. ano-LiFePO4
13.7.2. Micron-LiFePO4
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 (LiFePO4) Material Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lithium Iron Phosphate (LiFePO4) Material Market: Market Share Analysis
14.2. Lithium Iron Phosphate (LiFePO4) Material Distributors and Customers
14.3. Lithium Iron Phosphate (LiFePO4) Material Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ohnson 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. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Formosa Lithium Iron Oxide
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sumitomo Osaka Cement
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BTR New Energy Materials
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hunan Shenghua
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Pulead Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Guizhou Anda Energy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shenzhen Dynanonic
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
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Chongqing Terui
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. Aleees
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
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
