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    Cathode Materials Market Report

    Cathode Materials Market Report
    Report code - SR2716 Delivery - 2 Weeks
    Cathode Materials Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Op See more...

    Market Insights

    Cathode materials are the key components that determine the composition of the positive electrodes in battery cells. They are made of cobalt, nickel, and manganese in a crystal structure that forms a lithium-added multi-metal oxide material. Cobalt was originally the main active element in cathodes, but it is now often partially replaced with nickel (NCM, NCA). The most common cathode chemistries are Nickel Manganese Cobalt (NCM), Nickel Cobalt Aluminum (NCA), Lithium Cobalt Oxide (LCO), Lithium Manganese Oxide (LMO), and Lithium Iron Phosphate (LFP).

    Cathode materials are widely used in lithium-ion batteries for use in the automotive industry, energy storage systems, power tools, and consumer electronics. These batteries offer a variety of products for customers who require high power density and/or high load ability. The shift in the automotive industry towards clean and sustainable fuel is expected to boost the market for cathode materials. The implementation of renewable energy battery storage technologies by different nations to overcome the costs and carbon emissions of fuel energy will also drive the cathode materials industry as a whole.

    The demand for batteries is expected to grow in the coming years, driven by the increasing use of batteries in key industries such as electric vehicles and consumer electronics. The growing use of batteries in energy storage devices is also expected to contribute to market growth. Overall, the Cathode Materials market is likely to grow at a promising CAGR of 16.5% for the next five years.

    Segments' Analysis

    Battery Type

    The cathode materials market is segmented into lithium-ion, lead acid, and others. Lithium-ion is expected to dominate the market for the next five years. The growth of the lithium-ion battery market is being driven by several factors, including the increasing demand for LFP and NMC lithium-ion batteries in plug-in vehicles and the growing adoption of lithium-ion batteries in renewable energy storage. As a result, demand for the lithium-ion segment is expected to grow during the forecast period.

    Material Type

    The market is segmented into lithium-ion, lead acid, and others. The rapid increase in production of passenger cars, commercial vehicles, and two-wheelers, as well as the growing demand for industrial energy storage systems, has led to a surge in the demand for lead acid batteries.

    Regional Analysis

    The Asia Pacific region is a major driver of the global cathode materials market, with China, Japan, India, Malaysia, Taiwan, and South Korea being the leading economies. The region's growing demand for electric vehicles and consumer electronics, coupled with rising living standards and disposable incomes, is expected to further boost the market in the coming years.

    Key Players

    The following are the key players in the cathode materials market:

    • 3M
    • BASF
    • Gravita India Limited
    • Hitachi Chemical Energy Technology
    • Johnson Matthey
    • Kureha Corporation
    • Mitsubishi Chemical Corporation
    • Mitsui Mining & Smelting Co., Ltd.
    • Sumitomo
    • Umicore

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s cathode materials market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for existing and new players
    • Key success factors

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQ)

    The cathode materials market is estimated to grow at a CAGR of 16.5% by 2028, driven by an increase in demand for electric vehicles (EVs), including battery electric vehicles (BEVs), plug-in hybrid vehicles (PHEVs), and hybrid electric vehicles (HEVs), which has been rising over the past few years due to strict regulations on CO2 emissions as well as government support through policy changes and subsidies, which has uplifted the demand for cathode materials market.

    3M, BASF, Gravita India Limited, Hitachi Chemical Energy Technology, Johnson Matthey, Kureha Corporation, Mitsubishi Chemical Corporation, Mitsui Mining & Smelting Co., Ltd., Sumitomo, and Umicore are the leading players in the Cathode Materials market.

    Asia Pacific is estimated to remain dominant in the cathode materials market in the foreseeable future due to the high demand for battery energy systems and increasing battery consumers, which will uplift the regions market in the coming years.

    Lithium-ion is expected to dominate the market for the next five years. The growth of the lithium-ion battery market is being driven by several factors, including the increasing demand for LFP and NMC lithium-ion batteries in plug-in vehicles and the growing adoption of lithium-ion batteries in renewable energy storage.

    The rapid increase in production of passenger cars, commercial vehicles, and two-wheelers, as well as the growing demand for industrial energy storage systems, has led to a surge in the demand for lead acid batteries.

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