Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Ternary Materials Market by Type (Cathode Material, Negative Material), By Application (Automotive, Metal Smelting, Material Processing, New Energy, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Ternary Materials Market by Type (Cathode Material, Negative Material), By Application (Automotive, Metal Smelting, Material Processing, New Energy, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 135603 3300 Chemical & Material 377 248 Pages 4.8 (37)

Market Overview:

The global ternary materials 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 ternary materials in various applications such as automotive, metal smelting, material processing, new energy and others. In terms of type, cathode material is expected to hold the largest share of the global ternary materials market during the forecast period. Cathode material is used in various applications such as automotive and metal smelting. Asia Pacific is expected to be the fastest growing region for the global ternary materials market during the forecast period.

Global Ternary Materials Industry Outlook

Product Definition:

A ternary material is a material made up of three elements. Ternary materials are important because they can be used to create alloys, which have unique and useful properties.

Cathode Material:

Cathode materials are used in the production of batteries that have a high energy density. The material is made up of an anode and a cathode, which are separated by an electrolyte. As the battery discharges, the chemical reactions between the cathode and electrolyte cause certain metals to be dissolved or evaporated resulting in current flow.

Negative Material:

Negative material is a special type of alloy that has three different metals in it. The most common example of negative material would be aluminum, which has an iron core around it. Another form of the same concept would be copper-based alloys, where the outermost layer is made from copper and other metals are added to strengthen it.

The reason why these materials are called negative materials is because they have a lower positive pole than regular materials such as gold or silver.

Application Insights:

The automotive application segment led the global ternary materials market in 2017. The growth of this segment can be attributed to increasing demand for electric and hybrid vehicles, which require lithium-ion batteries. Ternary metal nitride composites are used in the manufacturing of lightweight material for use in vehicle dashboards, thereby contributing to high product demand.

Ternary metal hydride is widely used as a fuel additive owing to its ability to reduce emissions and improve fuel efficiency. Rising awareness regarding environment protection coupled with stringent government regulations on reducing air pollution is expected to drive the usage of ternary hydrogen rich gas (H2RGO) as a gasoline additive over the forecast period, thereby propelling overall market growth over the next eight years.

Regional Analysis:

Asia Pacific dominated the global ternary materials market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2016 owing to high product demand from various end-use industries, such as automotive, metal processing, and others. In addition, rising investments by regional players are anticipated to drive growth over the next eight years. For instance, LG Chem announced its plan of expanding capacity at its Pyeongtaek plant with an investment of USD X million between 2017 and 2021.

Europe was estimated at USD X million in 2016 and is projected to grow at a CAGR close to 4% from 2017 till 2030 due primarily on increasing demand for electric vehicles coupled with growing material processing industry across Germany and France among other countries in Western Europe).

Growth Factors:

  • Increasing demand for Ternary Materials in the automotive and electronics industries due to their superior properties such as high strength, light weight, and corrosion resistance.
  • Growing research and development activities for the development of new ternary materials with better performance characteristics.
  • Rising investments by key players in manufacturing facilities to cater to the increasing demand from end-use industries.
  • Proliferation of nanotechnology which is aiding in the development of novel ternary materials with improved performance characteristics over traditional materials systems.

Scope Of The Report

Report Attributes

Report Details

Report Title

Ternary Materials Market Research Report

By Type

Cathode Material, Negative Material

By Application

Automotive, Metal Smelting, Material Processing, New Energy, Others

By Companies

NICHIA (JPN), TODAKOGYO (JPN), Mitsubishi (JPN), L & F, ShanShan Co. (CHN), Hunan Rui Xiang New Material (CHN), QianYun (CHN), Beijing Easpring Material Technology, ShenZhen ZhenHua (CHN), Xiamen Tungsten (CHN), Citic Guoan MGL (CHN), Ningbo Jinhe New Materials (CHN), ZTT Solar

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Ternary Materials Market Report Segments:

The global Ternary Materials market is segmented on the basis of:


Cathode Material, Negative Material

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.


Automotive, Metal Smelting, Material Processing, New Energy, 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:

  3. Mitsubishi (JPN)
  4. L & F
  5. ShanShan Co. (CHN)
  6. Hunan Rui Xiang New Material (CHN)
  7. QianYun (CHN)
  8. Beijing Easpring Material Technology
  9. ShenZhen ZhenHua (CHN)
  10. Xiamen Tungsten (CHN)
  11. Citic Guoan MGL (CHN)
  12. Ningbo Jinhe New Materials (CHN)
  13. ZTT Solar

Global Ternary Materials Market Overview

Highlights of The Ternary Materials Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Cathode Material
    2. Negative Material
  1. By Application:

    1. Automotive
    2. Metal Smelting
    3. Material Processing
    4. New Energy
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Ternary Materials 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

Global Ternary Materials Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Ternary materials are those that consist of three elements, such as carbon, oxygen, and nitrogen.

Some of the key players operating in the ternary materials market are NICHIA (JPN), TODAKOGYO (JPN), Mitsubishi (JPN), L & F, ShanShan Co. (CHN), Hunan Rui Xiang New Material (CHN), QianYun (CHN), Beijing Easpring Material Technology, ShenZhen ZhenHua (CHN), Xiamen Tungsten (CHN), Citic Guoan MGL (CHN), Ningbo Jinhe New Materials (CHN), ZTT Solar.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Ternary Materials 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. Ternary Materials Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Ternary Materials Market - Supply Chain
   4.5. Global Ternary Materials Market Forecast
      4.5.1. Ternary Materials Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Ternary Materials Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Ternary Materials Market Absolute $ Opportunity

5. Global Ternary Materials 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. Ternary Materials Market Size and Volume Forecast by Type
      5.3.1. Cathode Material
      5.3.2. Negative Material
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Ternary Materials 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. Ternary Materials Market Size and Volume Forecast by Application
      6.3.1. Automotive
      6.3.2. Metal Smelting
      6.3.3. Material Processing
      6.3.4. New Energy
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Ternary Materials 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. Ternary Materials 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 Ternary Materials 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. Ternary Materials 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 Ternary Materials Demand Share Forecast, 2019-2029

9. North America Ternary Materials 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 Ternary Materials 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 Ternary Materials Market Size and Volume Forecast by Application
      9.4.1. Automotive
      9.4.2. Metal Smelting
      9.4.3. Material Processing
      9.4.4. New Energy
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Ternary Materials Market Size and Volume Forecast by Type
      9.7.1. Cathode Material
      9.7.2. Negative Material
   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 Ternary Materials Demand Share Forecast, 2019-2029

10. Latin America Ternary Materials 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 Ternary Materials 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 Ternary Materials Market Size and Volume Forecast by Application
      10.4.1. Automotive
      10.4.2. Metal Smelting
      10.4.3. Material Processing
      10.4.4. New Energy
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Ternary Materials Market Size and Volume Forecast by Type
      10.7.1. Cathode Material
      10.7.2. Negative Material
   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 Ternary Materials Demand Share Forecast, 2019-2029

11. Europe Ternary Materials 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 Ternary Materials 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 Ternary Materials Market Size and Volume Forecast by Application
      11.4.1. Automotive
      11.4.2. Metal Smelting
      11.4.3. Material Processing
      11.4.4. New Energy
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Ternary Materials Market Size and Volume Forecast by Type
      11.7.1. Cathode Material
      11.7.2. Negative Material
   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 Ternary Materials Demand Share, 2019-2029

12. Asia Pacific Ternary Materials 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 Ternary Materials 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 Ternary Materials Market Size and Volume Forecast by Application
      12.4.1. Automotive
      12.4.2. Metal Smelting
      12.4.3. Material Processing
      12.4.4. New Energy
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Ternary Materials Market Size and Volume Forecast by Type
      12.7.1. Cathode Material
      12.7.2. Negative Material
   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 Ternary Materials Demand Share, 2019-2029

13. Middle East & Africa Ternary Materials 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 Ternary Materials 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 Ternary Materials Market Size and Volume Forecast by Application
      13.4.1. Automotive
      13.4.2. Metal Smelting
      13.4.3. Material Processing
      13.4.4. New Energy
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Ternary Materials Market Size and Volume Forecast by Type
      13.7.1. Cathode Material
      13.7.2. Negative Material
   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 Ternary Materials Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Ternary Materials Market: Market Share Analysis
   14.2. Ternary Materials Distributors and Customers
   14.3. Ternary Materials Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. NICHIA (JPN) Overview Financials Developments Strategic Outlook
      14.4.2. TODAKOGYO (JPN) Overview Financials Developments Strategic Outlook
      14.4.3. Mitsubishi (JPN) Overview Financials Developments Strategic Outlook
      14.4.4. L & F Overview Financials Developments Strategic Outlook
      14.4.5. ShanShan Co. (CHN) Overview Financials Developments Strategic Outlook
      14.4.6. Hunan Rui Xiang New Material (CHN) Overview Financials Developments Strategic Outlook
      14.4.7. QianYun (CHN) Overview Financials Developments Strategic Outlook
      14.4.8. Beijing Easpring Material Technology Overview Financials Developments Strategic Outlook
      14.4.9. ShenZhen ZhenHua (CHN) Overview Financials Developments Strategic Outlook
      14.4.10. Xiamen Tungsten (CHN) Overview Financials Developments Strategic Outlook
      14.4.11. Citic Guoan MGL (CHN) Overview Financials Developments Strategic Outlook
      14.4.12. Ningbo Jinhe New Materials (CHN) Overview Financials Developments Strategic Outlook
      14.4.13. ZTT Solar Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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