Global Cathode Materials Market, by Materials (LNCA, LCO, LMO, LFP, LNMC, Lead Acid Cathode Material

Published Date: | Report Code : MT202153


Cathode Materials Market Dynamic:

A cathode material determines the energy density of a cell through cell voltage and capacity. It transports ions to the anode during the electrolysis process and enables current flows. After ions start migrating back to the cathode in the electrolyte cell, discharge current flows. The cathode material is a very important part of the cell and is the highest contributor in terms of cost of the battery cell.

Segment Analysis:

Different materials are used in different kinds of batteries. Cathode materials are one of the major building blocks of the batteries. There are mainly two categories of batteries—primary and secondary. Primary batteries are non-rechargeable, whereas, secondary batteries are rechargeable. Lead-acid and Li-ion batteries are the most widely used rechargeable batteries, accounting for approximately 95% of the global rechargeable battery market and, approximately, 65% of the global battery market, in terms of value. Other rechargeable batteries (sodium-based, nickel-based, and flow batteries) account for the remaining 5% of the global rechargeable battery market, in terms of value. Most of the demand for these batteries is witnessed from automotive, portable devices, and industrial applications.

Some of the key Impact Factors:

  • Use of batteries in energy storage devices
  • Innovation and technology advances in lithium-ion battery cathode materials
  • High demand for lithium-ion cathode technology in the renewable energy industry

Regional Analysis:

The cathode materials market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. North America and Western Europe are major regions for the cathode materials market owing to diversified demand from end-use industries and competitive scenarios. Some of the major industries in these regions include automotive and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for the cathode materials market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.

Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets.

Companies Covered: Umicore N.V., 3M, Mitsubishi Chemical Holdings Corporation, POSCO Co., Ltd., Johnson Matthey, Hitachi Chemical Company, Ltd, Kureha Corporation, Sumitomo Corporation, Toda Kogyo Corp., Mitsui Mining & Smelting…

Market Segmentation:

By Material:

  • Lithium Iron Phosphate (LFP)
  • Lithium Cobalt Oxide (LCO)
  • Lithium Nickel Manganese Cobalt (LNMC)
  • Lithium Manganese Oxide (LMO)
  • Lithium Nickel Cobalt Aluminum (LNCA)
  • Lead-Acid Cathode Materials
  • Nickel-Based Cathode Materials

 By Battery Type:

  • Lead Acid
  • Lithium-Ion
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Materials
    • By Battery Type
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Materials
    • By Battery Type
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Materials
    • By Battery Type
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Materials
    • By Battery Type
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Materials
    • By Battery Type
  • Rest of the World
    • By Region (South America, Africa)
    • By Materials
    • By Battery Type

Reasons to buy this report:

  • Market size estimation of cathode materials market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market


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