The Lithium-Ion Battery Cathode Market size was valued at USD 22.22 billion in 2022 and is expected to grow to USD 94.90 billion by 2030 and grow at a CAGR of 19.9 % over the forecast period of 2023-2030.
The primary factor affecting the energy density of the cell in a lithium-ion battery is the cathode material. Cell voltage or cell capacity are used to measure this energy density. The lithium-ion battery's working principle is based on intercalation and deintercalation compounds, where lithium ions from the cathode are added to the anode during charging and removed during discharging with little structural change to the anode. The choice of cathode material is influenced by a number of variables, including operating temperature, cell voltage, capacity, energy and power capabilities, and cycle life. A lithium-ion battery's cathode is made of a variety of minerals, including cobalt, manganese, phosphate, nickel cobalt manganese (NCM OR NMO), lithium iron phosphate (LFP), and more.
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The need for cathode materials has increased as a result of the increased dependability and compatibility of lithium-ion batteries. Additionally, the market's expansion has been fuelled by a surge in lithium-ion battery applications.
However, a significant issue limiting industry expansion is the heating of lithium-ion batteries. It is anticipated that the creation of superior lithium-ion batteries with more capacity and improved heat control would provide profitable growth prospects.
KEY DRIVERS:
Increasing demand for electric device
Rising emergence of economic alternatives
Growing demand for lithium-ion battery cathodes
The Compact, transportable power sources are frequently needed for medical devices to function properly. batterie lithium-ion are a great option because to their high energy density, extended cycle life, and rechargeable capabilities to power a variety of medical equipment.
RESTRAIN:
Heating Of Lithium-Ion Battery
High cost
OPPORTUNITY:
Better Heat Management
Rising demand for a remote patient monitoring
The need for portable medical devices with wireless data transmission capabilities has grown due to the growth of telemedicine and remote patient monitoring. These gadgets are powered by lithium-ion batteries, which keep them going for a long time and allow for real-time data collecting and communication between healthcare personnel.
CHALLENGES:
Lack of government support and incentives for lithium-ion battery producers
IMPACT OF RUSSIA-UKRAINE WAR
Due to its effective energy storage per unit of weight, lithium has practically become unreplaceable in EV batteries.
Lithium consumption is expected to soar by 400% to 4,000% globally over the next few years. Without further investment in mining capacity, costs may grow too high for EV adoption as demand exceeds supply. Soon after the crisis started, Tesla announced a price raise of more than $2,370 for its Model Y vehicle, crushing Elon Musk's aim of cutting prices to draw in new consumers. A successful transition to sustainable energy requires lithium.
By Type
Cobalt
MANGANESE
Phosphate
Nickel Cobalt Manganese (NCM OR NMC)
Lithium Iron Phosphate (LFP)
Others
By End User
Power Tools
Power Tools
Consumer Electronics Products
Others
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The region with the most revenue share is anticipated to keep leading during the projection period. The main driver of the demand for lithium battery cathodes in Asia Pacific is the increased need for batteries in consumer electronics and industrial applications. Additionally, it is anticipated that the increased production of lithium batteries in the region will fuel in the upcoming years, the cathodes market will expand.
Due to the rising need for lithium-ion batteries in the automobile sector, North America and Asia Pacific are two regions with a significant automotive industry. The demand for cathodes in the aforementioned regions is anticipated to increase over the next years as a result of rising use in electric cars and advancements in battery technology.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
POSCO Chemical declared in April 2022 that construction had started on a new production facility with a capacity of 30,000 tons of high-purity nickel cathodes. This will assist the business in growing its clientele in the cathode materials sector.
Umicore opened a brand-new worldwide R&D facility for cathode materials in Cheonan, Korea, in May 2022. It focuses on following generation battery materials, such as solid-state, extremely high-nickel, low-cobalt, manganese-rich, and cite the science of battery materials.
Ningbo Shanshan Co., Ltd. and BASF SE established a joint venture in August 2021. The newly established business, BASF Cathode active materials and precursor cathode active materials are sold by Shanshan Battery Materials Co., Ltd.
The Major Players are JFE Chemical Corporation, TARGRAY Technology International Inc, Hitachi Chemical Co., Ltd, Nichia Corporation, Mitsubishi Chemical Corporation, NEI Corporation, Long Power Systems (Suzhou) Co., Ltd, BASF SE, Fujitsu, Santoku Corporation and other players are listed in a final report.
| Report Attributes | Details |
| Market Size in 2022 | US$ 22.22 Bn |
| Market Size by 2030 | US$ 94.90 Bn |
| CAGR | CAGR of 19.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Cobalt, MANGANESE, Phosphate, Nickel Cobalt Manganese (NCM OR NMC), Lithium Iron Phosphate (LFP), Others) • By End User (Power Tools, Power Tools, Consumer Electronics Products, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | JFE Chemical Corporation, TARGRAY Technology International Inc, Hitachi Chemical Co., Ltd, Nichia Corporation, Mitsubishi Chemical Corporation, NEI Corporation, Long Power Systems (Suzhou) Co., Ltd, BASF SE, Fujitsu, Santoku Corporation |
| Key Drivers | • Increasing demand for electric device • Rising emergence of economical alternatives • Growing demand for lithium-ion battery cathodes |
| Market Restraints | • Heating Of Lithium-Ion Battery • High cost |
Ans: Lithium-Ion Battery Cathode Market is anticipated to expand by 19.9 % from 2023 to 2030.
Ans: USD 94.90 billion is expected to grow by 2030.
Ans: Lithium-Ion Battery Cathode Market size was valued at USD 22.22 billion in 2022
Ans: Acia Pacific is dominating the market.
Ans: Better Heat Management and Rising demand for a remote patient monitoring
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Lithium-Ion Battery Cathode Market Segmentation, By Type
8.1Cobalt
8.2MANGANESE
8.3Phosphate
8.4Nickel Cobalt Manganese (NCM OR NMC)
8.5Lithium Iron Phosphate (LFP)
8.6Others
9. Lithium-Ion Battery Cathode Market Segmentation, By End User
9.1Power Tools
9.2Power Tools
9.3Consumer Electronics Products
9.4 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Lithium-Ion Battery Cathode Market by Country
10.2.2North America Lithium-Ion Battery Cathode Market by Type
10.2.3 North America Lithium-Ion Battery Cathode Market by End User
10.2.4 USA
10.2.4.1 USA Lithium-Ion Battery Cathode Market by Type
10.2.4.2 USA Lithium-Ion Battery Cathode Market by End User
10.2.5 Canada
10.2.5.1 Canada Lithium-Ion Battery Cathode Market by Type
10.2.5.2 Canada Lithium-Ion Battery Cathode Market by End User
10.2.6 Mexico
10.2.6.1 Mexico Lithium-Ion Battery Cathode Market by Type
10.2.6.2 Mexico Lithium-Ion Battery Cathode Market by End User
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Lithium-Ion Battery Cathode Market by Country
10.3.1.2 Eastern Europe Lithium-Ion Battery Cathode Market by Type
10.3.1.3 Eastern Europe Lithium-Ion Battery Cathode Market by End User
10.3.1.4 Poland
10.3.1.4.1 Poland Lithium-Ion Battery Cathode Market by Type
10.3.1.4.2 Poland Lithium-Ion Battery Cathode Market by End User
10.3.1.5 Romania
10.3.1.5.1 Romania Lithium-Ion Battery Cathode Market by Type
10.3.1.5.2 Romania Lithium-Ion Battery Cathode Market by End User
10.3.1.6 Hungary
10.3.1.6.1 Hungary Lithium-Ion Battery Cathode Market by Type
10.3.1.6.2 Hungary Lithium-Ion Battery Cathode Market by End User
10.3.1.7 Turkey
10.3.1.7.1 Turkey Lithium-Ion Battery Cathode Market by Type
10.3.1.7.2 Turkey Lithium-Ion Battery Cathode Market by End User
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Lithium-Ion Battery Cathode Market by Type
10.3.1.8.2 Rest of Eastern Europe Lithium-Ion Battery Cathode Market by End User
10.3.2 Western Europe
10.3.2.1 Western Europe Lithium-Ion Battery Cathode Market by Country
10.3.2.2 Western Europe Lithium-Ion Battery Cathode Market by Type
10.3.2.3 Western Europe Lithium-Ion Battery Cathode Market by End User
10.3.2.4 Germany
10.3.2.4.1 Germany Lithium-Ion Battery Cathode Market by Type
10.3.2.4.2 Germany Lithium-Ion Battery Cathode Market by End User
10.3.2.5 France
10.3.2.5.1 France Lithium-Ion Battery Cathode Market by Type
10.3.2.5.2 France Lithium-Ion Battery Cathode Market by End User
10.3.2.6 UK
10.3.2.6.1 UK Lithium-Ion Battery Cathode Market by Type
10.3.2.6.2 UK Lithium-Ion Battery Cathode Market by End User
10.3.2.7 Italy
10.3.2.7.1 Italy Lithium-Ion Battery Cathode Market by Type
10.3.2.7.2 Italy Lithium-Ion Battery Cathode Market by End User
10.3.2.8 Spain
10.3.2.8.1 Spain Lithium-Ion Battery Cathode Market by Type
10.3.2.8.2 Spain Lithium-Ion Battery Cathode Market by End User
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Lithium-Ion Battery Cathode Market by Type
10.3.2.9.2 Netherlands Lithium-Ion Battery Cathode Market by End User
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Lithium-Ion Battery Cathode Market by Type
10.3.2.10.2 Switzerland Lithium-Ion Battery Cathode Market by End User
10.3.2.11 Austria
10.3.2.11.1 Austria Lithium-Ion Battery Cathode Market by Type
10.3.2.11.2 Austria Lithium-Ion Battery Cathode Market by End User
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Lithium-Ion Battery Cathode Market by Type
10.3.2.12.2 Rest of Western Europe Lithium-Ion Battery Cathode Market by End User
10.4 Asia-Pacific
10.4.1 Asia Pacific Lithium-Ion Battery Cathode Market by Country
10.4.2 Asia Pacific Lithium-Ion Battery Cathode Market by Type
10.4.3 Asia Pacific Lithium-Ion Battery Cathode Market by End User
10.4.4 China
10.4.4.1 China Lithium-Ion Battery Cathode Market by Type
10.4.4.2 China Lithium-Ion Battery Cathode Market by End User
10.4.5 India
10.4.5.1 India Lithium-Ion Battery Cathode Market by Type
10.4.5.2 India Lithium-Ion Battery Cathode Market by End User
10.4.6 Japan
10.4.6.1 Japan Lithium-Ion Battery Cathode Market by Type
10.4.6.2 Japan Lithium-Ion Battery Cathode Market by End User
10.4.7 South Korea
10.4.7.1 South Korea Lithium-Ion Battery Cathode Market by Type
10.4.7.2 South Korea Lithium-Ion Battery Cathode Market by End User
10.4.8 Vietnam
10.4.8.1 Vietnam Lithium-Ion Battery Cathode Market by Type
10.4.8.2 Vietnam Lithium-Ion Battery Cathode Market by End User
10.4.9 Singapore
10.4.9.1 Singapore Lithium-Ion Battery Cathode Market by Type
10.4.9.2 Singapore Lithium-Ion Battery Cathode Market by End User
10.4.10 Australia
10.4.10.1 Australia Lithium-Ion Battery Cathode Market by Type
10.4.10.2 Australia Lithium-Ion Battery Cathode Market by End User
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Lithium-Ion Battery Cathode Market by Type
10.4.11.2 Rest of Asia-Pacific APAC Lithium-Ion Battery Cathode Market by End User
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Lithium-Ion Battery Cathode Market by Country
10.5.1.2 Middle East Lithium-Ion Battery Cathode Market by Type
10.5.1.3 Middle East Lithium-Ion Battery Cathode Market by End User
10.5.1.4 UAE
10.5.1.4.1 UAE Lithium-Ion Battery Cathode Market by Type
10.5.1.4.2 UAE Lithium-Ion Battery Cathode Market by End User
10.5.1.5 Egypt
10.5.1.5.1 Egypt Lithium-Ion Battery Cathode Market by Type
10.5.1.5.2 Egypt Lithium-Ion Battery Cathode Market by End User
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Lithium-Ion Battery Cathode Market by Type
10.5.1.6.2 Saudi Arabia Lithium-Ion Battery Cathode Market by End User
10.5.1.7 Qatar
10.5.1.7.1 Qatar Lithium-Ion Battery Cathode Market by Type
10.5.1.7.2 Qatar Lithium-Ion Battery Cathode Market by End User
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Lithium-Ion Battery Cathode Market by Type
10.5.1.8.2 Rest of Middle East Lithium-Ion Battery Cathode Market by End User
10.5.2 Africa
10.5.2.1 Africa Lithium-Ion Battery Cathode Market by Country
10.5.2.2 Africa Lithium-Ion Battery Cathode Market by Type
10.5.2.3 Africa Lithium-Ion Battery Cathode Market by End User
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Lithium-Ion Battery Cathode Market by Type
10.5.2.4.2 Nigeria Lithium-Ion Battery Cathode Market by End User
10.5.2.5 South Africa
10.5.2.5.1 South Africa Lithium-Ion Battery Cathode Market by Type
10.5.2.5.2 South Africa Lithium-Ion Battery Cathode Market by End User
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Lithium-Ion Battery Cathode Market by Type
10.5.2.6.2 Rest of Africa Lithium-Ion Battery Cathode Market by End User
10.6 Latin America
10.6.1 Latin America Lithium-Ion Battery Cathode Market by Country
10.6.2 Latin America Lithium-Ion Battery Cathode Market by Type
10.6.3 Latin America Lithium-Ion Battery Cathode Market by End User
10.6.4 Brazil
10.6.4.1 Brazil Lithium-Ion Battery Cathode Market by Type
10.6.4.2 Brazil Africa Lithium-Ion Battery Cathode Market by End User
10.6.5 Argentina
10.6.5.1 Argentina Lithium-Ion Battery Cathode Market by Type
10.6.5.2 Argentina Lithium-Ion Battery Cathode Market by End User
10.6.6 Colombia
10.6.6.1 Colombia Lithium-Ion Battery Cathode Market by Type
10.6.6.2 Colombia Lithium-Ion Battery Cathode Market by End User
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Lithium-Ion Battery Cathode Market by Type
10.6.7.2 Rest of Latin America Lithium-Ion Battery Cathode Market by End User
11 Company Profile
11.1 JFE Chemical Corporation
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 TARGRAY Technology International Inc.
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Hitachi Chemical Co., Ltd.
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Nichia Corporation
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Mitsubishi Chemical Corporation
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 NEI Corporation
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Long Power Systems (Suzhou) Co., Ltd.
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 BASF SE
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Fujitsu
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Santoku Corporation
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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