HOME Top Market Reports Cathode Materials Market by Battery Type (Lead-Acid, Lithium-ion), Material (Lithium-Ion (LFP, LCO, NMC, NCA, LMO), Lead-Acid (Lead Dioxide)), and Region (Asia Pacific, North America, Europe, and Row) - Global Forecast to 2023

Cathode Materials Market by Battery Type (Lead-Acid, Lithium-ion), Material (Lithium-Ion (LFP, LCO, NMC, NCA, LMO), Lead-Acid (Lead Dioxide)), and Region (Asia Pacific, North America, Europe, and Row) - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: May 2018
Report Code: CH 6320

 

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The cathode materials market was valued at USD 15.27 Billion in 2017 and is projected to reach USD 22.17 Billion by 2023, at a CAGR of 6.2% during the forecast period. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.

Objectives of the Study:

  • To define, describe, and forecast the cathode materials market based on material, battery type, and region
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the market
  • To strategically analyze micromarkets with respect to growth trends, prospects, and contribution to the total market
  • To analyze opportunities in the market for stakeholders and draw a competitive landscape of the market
  • To forecast the market size in terms of value and volume with respect to regions and cathode material types
  • To analyze competitive developments, such as expansions, agreements, new technology launches, acquisitions, divestments, and research & development (R&D) activities in the cathode materials market
  • To strategically profile key players and comprehensively evaluate their current market shares

Both, top-down and bottom-up approaches were used to estimate and validate the size of the cathode materials market, and to estimate the size of various other dependent submarkets. The research study involved extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, ICIS, and Securities and Exchange Commission (SEC), among other government and private websites, to identify and collect information useful for a technical, market-oriented, and commercial study of the cathode materials market.

Cathode Materials Market

To know about the assumptions considered for the study, download the pdf brochure

The cathode materials market has a diversified and established ecosystem of upstream players, such as raw material suppliers and downstream stakeholders, such as manufacturers, vendors, end users, and government organizations. Key players operational in the market include Umicore (Belgium), 3M (US), Mitsubishi Chemical Holdings (Japan), POSCO (South Korea), Johnson Matthey (UK), Hitachi Chemical (Japan), Kureha (Japan), Sumitomo (Japan), Toda Kogyo (Japan), and Mitsui Mining & Smelting (Japan), among others.

Key Target Audience:

  • Cathode Material Manufacturers
  • Battery Manufacturers
  • Government and Research Organizations
  • Mining Companies
  • Electric Vehicle Manufacturers
  • Research and Consulting Firms
  • R&D Institutions
  • Traders, Distributors, and Suppliers of Cathode Materials

Scope of the Report:

The global cathode materials market for rechargeable batteries has been covered in detail in this report. Current market demand and forecasts have also been included to provide a comprehensive market scenario.

Cathode Materials Market, By Battery Type:

  • Lithium-ion
  • Lead-acid
  • Others

Cathode Materials Market, By Material:

  • Lithium-ion
    • Lithium Cobalt Oxide (LCO)
    • Lithium Iron Phosphate (LFP)
    • Lithium Manganese Oxide (LMO)
    • Lithium Nickel Manganese Cobalt Oxide (NMC)
    • Lithium Nickel Cobalt Aluminum Oxide (NCA)
  • Lead-acid
    • Lead Dioxide
  • Others
    • Oxyhydroxide
    • Sodium Iron Phosphate
    • Graphite Cathode

Cathode Materials Market, By Region:

  • Asia Pacific
  • North America
  • Europe
  • RoW

The market has been further studied for key countries in each of these regions.

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to the specific needs of the company. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the cathode materials market based on battery type and material.

Company Information:

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Years Considered for the Study
    1.4 Currency Considered
    1.5 Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities for Market Players
    4.2 Cathode Materials Market Growth, By Battery Type
    4.3 Cathode Materials Market, By Country
    4.4 Cathode Materials Market: Developed vs Developing Countries
    4.5 APAC Li-Ion Cathode Materials Market, By Material and Country

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Demand for Evs
                    5.2.1.2 Growing Demand for Consumer Electronics
                    5.2.1.3 High Demand for Lithium-Ion Cathode Technology in the Renewable Energy Industry
           5.2.2 Restraints
                    5.2.2.1 Safety Issues Related to Storage and Transportation of Batteries
           5.2.3 Opportunities
                    5.2.3.1 Use of Batteries in Energy Storage Devices
                    5.2.3.2 Innovation and Technology Advances in Lithium-Ion Battery Cathode Materials
           5.2.4 Challenges
                    5.2.4.1 Regulations, Laws, and Safety Issues Related to Cathode Materials
    5.3 Value Chain Analysis of Cathode Materials
    5.4 Macroeconomic Indicators
           5.4.1 Trends and Forecast of GDP
           5.4.2 Trends of the Automotive Industry
           5.4.3 Trends of Electric Cars
    5.5 Porter’s Five Forces Analysis
           5.5.1 Threat of Substitutes
           5.5.2 Bargaining Power of Buyers
           5.5.3 Bargaining Power of Suppliers
           5.5.4 Intensity of Competitive Rivalry
           5.5.5 Threat of New Entrants

6 Battery Materials Market, By Material (Page No. - 49)
    6.1 Introduction
    6.2 Li-Ion Cathode Materials
           6.2.1 Cathode Materials of Li-Ion Battery
           6.2.2 Lithium Iron Phosphate (LFP)
           6.2.3 Lithium Cobalt Oxide (LCO)
           6.2.4 Lithium Nickel Manganese Cobalt (NMC)
           6.2.5 Lithium Nickel Cobalt Aluminum (NCA)
           6.2.6 Lithium Manganese Oxide (LMO)
    6.3 Lead-Acid Cathode Materials
    6.4 Other Cathode Materials

7 Cathode Materials Market, By Battery Type (Page No. - 63)
    7.1 Introduction
    7.2 Li-Ion
    7.3 Lead-Acid
    7.4 Others

8 Cathode Materials Market, By Region (Page No. - 69)
    8.1 Introduction
    8.2 Asia Pacific
           8.2.1 Asia Pacific Cathode Materials Market, By Battery Type
                    8.2.1.1 Asia Pacific Cathode Materials Market
           8.2.2 Asia Pacific Cathode Materials Market, By Country
           8.2.3 Asia Pacific Li-Ion Cathode Materials Market, By Country
           8.2.4 Asia Pacific Lead-Acid Cathode Materials Market, By Country
                    8.2.4.1 China
                    8.2.4.2 South Korea
                    8.2.4.3 Japan
                    8.2.4.4 India
                    8.2.4.5 Taiwan
                    8.2.4.6 Malaysia
                    8.2.4.7 Rest of APAC
    8.3 North America
           8.3.1 North America Cathode Materials Market, By Battery Type
                    8.3.1.1 North America Cathode Materials Market
           8.3.2 North America Cathode Materials Market, By Country
           8.3.3 North America Li-Ion Cathode Materials Market, By Country
           8.3.4 North America Lead-Acid Cathode Materials Market, By Country
                    8.3.4.1 US
                    8.3.4.2 Canada
                    8.3.4.3 Mexico
    8.4 Europe
           8.4.1 Europe Cathode Materials Market, By Battery Type
                    8.4.1.1 Europe Cathode Materials Market
           8.4.2 Europe Cathode Materials Market, By Country
           8.4.3 Europe Li-Ion Cathode Materials Market, By Country
           8.4.4 Europe Lead-Acid Cathode Materials Market, By Country
                    8.4.4.1 Germany
                    8.4.4.2 France
                    8.4.4.3 UK
                    8.4.4.4 Rest of Europe
    8.5 Rest of the World (RoW)
           8.5.1 RoW Cathode Materials Market, By Battery Type
                    8.5.1.1 RoW Cathode Materials Market
           8.5.2 RoW Cathode Materials Market, By Country
           8.5.3 RoW Li-Ion Cathode Materials Market, By Country
           8.5.4 RoW Lead-Acid Cathode Materials Market, By Country
                    8.5.4.1 Brazil
                    8.5.4.2 Rest of RoW

9 Competitive Landscape (Page No. - 104)
    9.1 Overview
    9.2 Market Ranking of Key Players
    9.3 Competitive Scenario
           9.3.1 Investments & Expansions
           9.3.2 Mergers & Acquisitions
           9.3.3 Joint Ventures
           9.3.4 Divestments

10 Company Profiles (Page No. - 109)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     10.1 Umicore
     10.2 3M
     10.3 Mitsubishi Chemical Holdings
     10.4 Posco
     10.5 Johnson Matthey
     10.6 BASF
     10.7 Hitachi Chemical
     10.8 Kureha Corporation
     10.9 Sumitomo Corporation
     10.10 Mitsui Mining & Smelting Company
     10.11 Showa Denko
     10.12 DOW Chemical
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     10.13 Other Companies
             10.13.1 Nichia Corporation
             10.13.2 L&F
             10.13.3 Pulead Technology Industry
             10.13.4 Toda Kogyo Corp.
             10.13.5 Nei Corporation
             10.13.6 Gravita India

11 Appendix (Page No. - 134)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Introducing RT: Real-Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (125 Tables)

Table 1 Cathode Materials Market Snapshot (2018 vs 2023)
Table 2 Announcements on Electric Car Ambitions By Oems, as of April 2017
Table 3 Future Electric Vehicle Offerings, 2017–2028
Table 4 Trends and Forecast of GDP, By Country, 2016–2022 (USD Billion)
Table 5 Automotive Production, 2013-2017 (Million Units)
Table 6 Electric Cars (BEV and PHEV) Stock, By Country, 2013-2016 (Thousand Units)
Table 7 Electric Cars (BEV and PHEV), New Registration, By Country, 2013-2016 (Thousand Units)
Table 8 Cathode Materials Market Size, By Material, 2016–2023 (Kilotons)
Table 9 Cathode Materials Market Size, By Material, 2016–2023 (USD Million)
Table 10 Cathode Materials Market Size, By Region, 2016–2023 (Kilotons)
Table 11 Cathode Materials Market Size, By Region, 2016–2023 (USD Million)
Table 12 Li-Ion Cathode Materials Market Size, By Region, 2016–2023 (Kilotons)
Table 13 Li-Ion Cathode Materials Market Size, By Region, 2016–2023 (USD Million)
Table 14 Cathode Materials Market Size for Li-Ion Battery, By Material, 2016–2023 (Kilotons)
Table 15 Cathode Materials Market Size for Li-Ion Battery, By Material, 2016–2023 (USD Million)
Table 16 LFP Cathode Materials Market Size, By Region, 2016–2023 (Kilotons)
Table 17 LFP Cathode Materials Market Size, By Region, 2016–2023 (USD Million)
Table 18 LCO Cathode Materials Market Size, By Region, 2016–2023 (Kilotons)
Table 19 LCO Cathode Materials Market Size, By Region, 2016–2023 (USD Million)
Table 20 NMC Cathode Materials Market Size, By Region, 2016–2023 (Kilotons)
Table 21 NMC Cathode Materials Market Size, By Region, 2016–2023 (USD Million)
Table 22 NCA Cathode Materials Market Size, By Region, 2016–2023 (Kilotons)
Table 23 NCA Cathode Materials Market Size, By Region, 2016–2023 (USD Million)
Table 24 LMO Cathode Materials Market Size, By Region, 2016–2023 (Kilotons)
Table 25 LMO Cathode Materials Market Size, By Region, 2016–2023 (USD Million)
Table 26 Lead-Acid Cathode Materials Market Size, By Region, 2016–2023 (Kilotons)
Table 27 Lead-Acid Cathode Material Market Size, By Region, 2016–2023 (USD Million)
Table 28 Other Cathode Materials Market Size, By Region, 2016–2023 (Kilotons)
Table 29 Other Cathode Materials Market Size, By Region, 2016–2023 (USD Million)
Table 30 Comparison Between Lead-Acid and Li-Ion Batteries
Table 31 Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 32 Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 33 Cathode Materials Market Size for Li-Ion Battery, By Region, 2016–2023 (Kilotons)
Table 34 Cathode Materials Market Size for Li-Ion Battery, By Region, 2016–2023 (USD Million)
Table 35 Cathode Materials Market Size for Lead-Acid Battery, By Region, 2016–2023 (Kilotons)
Table 36 Cathode Materials Market Size for Lead-Acid Battery, By Region, 2016–2023 (USD Million)
Table 37 Cathode Materials Market Size for Other Battery Types, By Region, 2016–2023 (Kilotons)
Table 38 Cathode Materials Market Size for Other Battery Types, By Region, 2016–2023 (USD Million)
Table 39 Cathode Materials Market Size, By Region, 2016–2023 (Kilotons)
Table 40 Cathode Materials Market Size, By Region, 2016–2023 (USD Million)
Table 41 Asia Pacific: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 42 Asia Pacific: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 43 Asia Pacific: Li-Ion Cathode Materials Market Size, By Material, 2016–2023 (Kilotons)
Table 44 Asia Pacific: Li-Ion Cathode Materials Market Size, By Material, 2016–2023 (USD Million)
Table 45 Asia Pacific: Lead-Acid and Other Cathode Materials Market Size, By Material, 2016–2023 (Kilotons)
Table 46 Asia Pacific: Lead-Acid and Other Cathode Materials Market Size, By Material, 2016–2023 (USD Million)
Table 47 Asia Pacific: Cathode Materials Market Size, By Country, 2016–2023 (Kilotons)
Table 48 Asia Pacific: Cathode Materials Market Size, By Country, 2016–2023 (USD Million)
Table 49 Asia Pacific: Li-Ion Cathode Materials Market Size, By Country, 2016–2023 (Kilotons)
Table 50 Asia Pacific: Li-Ion Cathode Materials Market Size, By Country, 2016–2023 (USD Million)
Table 51 Asia Pacific: Lead-Acid Cathode Materials Market Size, By Country, 2016–2023 (Kilotons)
Table 52 Asia Pacific: Lead-Acid Cathode Materials Market Size, By Country, 2016–2023 (USD Million)
Table 53 China: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 54 China: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 55 South Korea: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 56 South Korea: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 57 Japan: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 58 Japan: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 59 India: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 60 India: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 61 Taiwan: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 62 Taiwan: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 63 Malaysia: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 64 Malaysia: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 65 Rest of Asia Pacific: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 66 Rest of Asia Pacific: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 67 North America: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 68 North America: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 69 North America: Li-Ion Cathode Materials Market Size, By Material, 2016–2023 (Kilotons)
Table 70 North America: Li-Ion Cathode Materials Market Size, By Material, 2016–2023 (USD Million)
Table 71 North America: Lead-Acid and Other Cathode Materials Market Size, By Material, 2016–2023 (Kilotons)
Table 72 North America: Lead-Acid and Other Cathode Materials Market Size, By Material, 2016–2023 (USD Million)
Table 73 North America: Cathode Materials Market Size, By Country, 2016–2023 (Kilotons)
Table 74 North America: Cathode Materials Market Size, By Country, 2016–2023 (USD Million)
Table 75 North America: Li-Ion Cathode Materials Market Size, By Country, 2016–2023 (Kilotons)
Table 76 North America: Li-Ion Cathode Materials Market Size, By Country, 2016–2023 (USD Million)
Table 77 North America: Li-Ion Cathode Materials Market Size, By Country, 2016–2023 (Kilotons)
Table 78 North America: Lead-Acid Cathode Materials Market Size, By Country, 2016–2023 (USD Million)
Table 79 US: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 80 US: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 81 Canada: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 82 Canada: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 83 Mexico: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 84 Mexico: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 85 Europe: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 86 Europe: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 87 Europe: Li-Ion Cathode Materials Market Size, By Material, 2016–2023 (Kilotons)
Table 88 Europe: Li-Ion Cathode Materials Market Size, By Material, 2016–2023 (USD Million)
Table 89 Europe: Lead-Acid and Other Cathode Materials Market Size, By Material, 2016–2023 (Kilotons)
Table 90 Europe: Lead-Acid and Other Cathode Materials Market Size, By Material, 2016–2023 (USD Million)
Table 91 Europe: Cathode Materials Market Size, By Country, 2016–2023 (Kilotons)
Table 92 Europe: Cathode Materials Market Size, By Country, 2016–2023 (USD Million)
Table 93 Europe: Li-Ion Cathode Materials Market Size, By Country, 2016–2023 (Kilotons)
Table 94 Europe: Li-Ion Cathode Materials Market Size, By Country, 2016–2023 (USD Million)
Table 95 Europe: Li-Ion Cathode Materials Market Size, By Country, 2016–2023 (Kilotons)
Table 96 Europe: Lead-Acid Cathode Materials Market Size, By Country, 2016–2023 (USD Million)
Table 97 Germany: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 98 Germany: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 99 France: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 100 France: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 101 UK: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 102 UK: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 103 Rest of Europe: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 104 Rest of Europe: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 105 RoW: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 106 RoW: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 107 RoW: Li-Ion Cathode Materials Market Size, By Material, 2016–2023 (Kilotons)
Table 108 RoW: Li-Ion Cathode Materials Market Size, By Material, 2016–2023 (USD Million)
Table 109 RoW: Lead-Acid and Other Cathode Materials Market Size, By Material, 2016–2023 (Kilotons)
Table 110 RoW: Lead-Acid and Other Cathode Materials Market Size, By Material, 2016–2023 (USD Million)
Table 111 RoW: Cathode Materials Market Size, By Country, 2016–2023 (Kilotons)
Table 112 RoW: Cathode Materials Market Size, By Country, 2016–2023 (USD Million)
Table 113 RoW: Li-Ion Cathode Materials Market Size, By Country, 2016–2023 (Kilotons)
Table 114 RoW: Li-Ion Cathode Materials Market Size, By Country, 2016–2023 (USD Million)
Table 115 RoW: Li-Ion Cathode Materials Market Size, By Country, 2016–2023 (Kilotons)
Table 116 RoW: Lead-Acid Cathode Materials Market Size, By Country, 2016–2023 (USD Million)
Table 117 Brazil: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 118 Brazil: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 119 Rest of RoW: Cathode Materials Market Size, By Battery Type, 2016–2023 (Kilotons)
Table 120 Rest of RoW: Cathode Materials Market Size, By Battery Type, 2016–2023 (USD Million)
Table 121 Key Players in the Cathode Materials Market (2017)
Table 122 Investments & Expansions, 2012–2018
Table 123 Mergers & Acquisitions, 2012–2018
Table 124 Joint Ventures, 2012–2018
Table 125 Divestments, 2012–2018


List of Figures (38 Figures)

Figure 1 Cathode Materials Market Segmentation
Figure 2 Cathode Materials Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Cathode Materials Market: Data Triangulation
Figure 6 APAC to Lead Global Cathode Materials Market During Forecast Period
Figure 7 Li-Ion Segment to Register Highest CAGR During Forecast Period
Figure 8 NMC Segment to Register Highest CAGR During Forecast Period
Figure 9 APAC Estimated to Account for Largest Share of Cathode Materials Market in 2018
Figure 10 Emerging Economies to Offer Lucrative Growth Opportunities to Key Players
Figure 11 Lead-Acid Battery Type Segment to Dominate the Market Between 2018 and 2023
Figure 12 China Expected to Be Fastest-Growing Market for Cathode Materials Between 2018 and 2023
Figure 13 Cathode Materials Market in China Projected to Grow at Highest Rate
Figure 14 LFP Cathode Material Segment Accounted for Largest Share of APAC Li-Ion Cathode Materials Market in 2017
Figure 15 Drivers, Restraints, Opportunities, and Challenges in the Cathode Materials Market
Figure 16 Porter’s Five Forces Analysis
Figure 17 Chemistry of Cathode
Figure 18 High Power Density and Stability Boost Adoption of LFP Cathode
Figure 19 High Energy Density Increases Demand for LCO Cathode
Figure 20 NMC Provides High Energy Density
Figure 21 High Energy Density of NCA Batteries Increases Their Demand in Automotive Industry
Figure 22 Cost Factor Boosts Growth of LMO Battery Market
Figure 23 Lead-Acid Segment to Dominate Cathode Materials Market Between 2018 and 2023
Figure 24 Cathode Materials in China to Witness Highest CAGR During Forecast Period
Figure 25 Asia Pacific Cathode Materials Market Snapshot
Figure 26 North America Cathode Materials Market Snapshot
Figure 27 Europe Cathode Materials Market Snapshot
Figure 28 Investments & Expansions Were Key Growth Strategies Between 2012 and 2018
Figure 29 Umicore: Company Snapshot
Figure 30 3M: Company Snapshot
Figure 31 Posco: Company Snapshot
Figure 32 Johnson Matthey: Company Snapshot
Figure 33 BASF: Company Snapshot
Figure 34 Kureha Corporation: Company Snapshot
Figure 35 Sumitomo Corporation: Company Snapshot
Figure 36 Mitsui Mining & Smelting Company: Company Snapshot
Figure 37 Showa Denko: Company Snapshot
Figure 38 DOW Chemical: Company Snapshot

The cathode materials market is estimated to be USD 16.43 Billion in 2018 and is projected to reach USD 22.17 Billion by 2023, at a CAGR of 6.2% between 2018 and 2023. Globally, the market is driven by the growth in demand for EVs and various consumer electronics. There is an active shift observed in the automotive industry toward the use of clean and sustainable fuel. The global demand for electrified vehicles (EVs), including battery electric vehicles (BEVs), plug-in hybrid vehicles (PHEVs), and hybrid electric vehicles (HEVs) has been on the rise over the past few years due to stringent regulations on CO2 emissions as well as government support through policy changes and subsidies. In Europe, North America, and some Asian countries, the governments have started offering subsidies related to electric vehicle manufacturing. This will increase the demand for cathode materials in EV batteries.

Based on material, the lead dioxide segment is estimated to account for the largest share of the cathode materials market in 2018. Increasing production of passenger cars, commercial vehicles, and two-wheelers, along with growing demand for industrial energy storage systems, is expected to drive the lead dioxide cathode materials market during the forecast period.

Based on battery type, the lead-acid segment is estimated to account for the largest share of the cathode materials market in 2018. Increasing investments by governments in the automotive industry will drive the growth of the lead-acid cathode materials market during the forecast period.

The adoption of renewable energy-based battery storage systems by various countries to overcome cost and carbon emission issues from fuel energy will drive the overall cathode materials market.

Cathode Materials Market

Asia Pacific is estimated to account for the major share of the overall cathode materials market in 2018. Major factors driving the growth of the Asia Pacific cathode materials market include the high demand for battery energy systems and the increasing battery consumers (automobiles, portable devices, and industrial) in Asia Pacific countries. The market growth in Asia Pacific countries is also driven by the shifting preference from fuel energy to battery energy due to CO2 emission regulations and government support through policy changes and subsidies. These have further increased the demand for electrified vehicles, including BEVs, PHEVs, and HEVs.

However, stringent safety regulations for batteries during storage and transportation are expected to restrain the growth of the cathode materials market during the forecast period.

Some of the key manufacturers of cathode materials include Umicore (Belgium), 3M (US), Mitsubishi Chemical Holdings (Japan), POSCO (South Korea), Johnson Matthey (UK), Hitachi Chemical (Japan), Kureha (Japan), Sumitomo (Japan), Toda Kogyo (Japan), and Mitsui Mining & Smelting (Japan).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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