Global Cathode Materials Market Size, Forecasts, And Opportunities – Includes Cathode Materials Market Analysis
Learn about the global cathode materials market through The Business Research Company, which provides information on cathode materials market size, cathode materials market drivers and restraints, cathode materials market players, the COVID-19 impact on the cathode materials market, and more.
The global cathode materials market is expected to grow from $16.57 billion in 2021 to $18.29 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The global cathode materials market size is expected to grow to $23.77 billion in 2026 at a CAGR of 6.8%.
The growing usage of batteries in electric vehicles is expected to propel the growth of the cathode materials market going forward.
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The cathode materials market consists of the sale of the cathode materials by entities (organizations, sole traders, and partnerships) that are used to identify the capacity and power of a battery. Cathode materials refer to batteries that include a variety of products that cater to different user needs for high energy density and high load capacity. These materials are comprised of cobalt, nickel, and multi-metal oxide materials to which lithium is added.
Global Cathode Materials Market Segments Include:
By Material: Lithium Cobalt Oxide or Lithium Cobaltate, Lithium Manganese Oxide or Spinel or Lithium Manganate, Lithium Iron Phosphate or Lithium Nickel Manganese Cobalt (NMC), Lithium Nickel Cobalt Aluminum Oxide, Sulfur Cathodes, Sodium Cobalt Oxide, Others
By Battery Type: Lead-Acid, Lithium-Ion, Others
By Application: Portable Gadgets, Medical Devices (Cardiac Pacemakers, Implantable Cardiac Defibrillators (ICDs), and Others), Power Tools, Wireless Peripherals or Cordless Devices, Power Storage Systems, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global cathode materials market in 2021.
Technological innovations have emerged as the key trend gaining popularity in the cathode materials market. Major companies operating in the cathode materials sector are focused on introducing new technological innovations to sustain their position in the market.
Major Market Players: 3M, BASF SE, Johnson Matthey plc, Kureha Corporation, LG Chem Ltd., Mitsubishi Chemical Corporation, Mitsui Mining & Smelting Co.Ltd., NEI Corporation, POSCO, Showa Denko Materials Co.Ltd., Toda Kogyo Corp, Gravita India Limited, AME Energy Co.Ltd., Nano One Materials Corp., Ube Industries, Asahi Kasei Corporation, Kureha, Advanced Lithium Electrochemistry Co. Ltd., Nippon Chemical Industrial Co.Ltd., and Tanaka Chemical Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Cathode Materials Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides cathode materials market overviews, analyzes and forecasts market size, share, cathode materials market players, cathode materials market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s cathode materials market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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