Cathode Materials Companies

The global cathode materials market is projected to grow from USD 37.78 billion in 2025 to USD 65.15 billion by 2030, at a CAGR of 11.5% during the forecast period.

Cathode materials form the energy-storing core of modern rechargeable batteries, playing a decisive role in determining capacity, safety, and lifespan. These materials include widely used lithium-ion chemistries such as lithium nickel manganese cobalt (NMC), lithium iron phosphate (LFP), nickel cobalt aluminum (NCA), lithium cobalt oxide (LCO), lithium manganese oxide (LMO), and emerging solid-state and cobalt-free variants. Their performance directly impacts the power density and cycle life of batteries used in electric vehicles, portable electronics, grid-scale storage, and industrial applications. Market growth is propelled by the accelerating shift toward electric mobility, as automakers invest heavily in high-performance batteries to meet stricter emissions standards and consumer demand for longer driving ranges. Expanding renewable energy projects and the need for efficient energy storage solutions further boost consumption, while the rising production of smartphones, laptops, and wearables sustains steady demand.

Cathode Materials Companies

XTC New Energy Materials (Xiamen) Co., Ltd. (China), Shenzhen Dynanonic Co., Ltd. (China), Hunan Yuneng New Energy Battery Materials Co., Ltd. (China), LANDF CORP. (South Korea), POSCO FUTURE M (South Korea), and BASF (Germany) are the key players in this market. These key players have implemented strategies such as agreements, joint ventures, partnerships, expansions, acquisitions, investments, memorandums of understanding (MoUs), collaborations, and contracts to increase their market share.

POSCO FUTURE M (South Korea)

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POSCO FUTURE M is a subsidiary of the POSCO Group. The company is a key player in the rechargeable battery materials industry, driving the green energy transition with industry-leading products and cutting-edge technologies. It is also involved in the construction and maintenance of refractories. The company operates through three business divisions: Battery Materials, Advanced Chemical Materials, and Basic Industrial Materials. The company offers a range of essential components for rechargeable batteries, including cathode and anode active materials. It provides lithium-ion battery anode material under its Battery Materials division. In terms of anode active materials (AAM), the company provides natural graphite anode materials known for their high conductivity, energy density, and longevity. POSCO FUTURE M has a presence in the Asia Pacific and North America, with operations in South Korea, China, Canada, the US, and Indonesia. The company has manufacturing plants in Sejong, Seoul, Gumi, Pohang, and Gwangyang.

BASF (Germany)

BASF is one of the leading companies involved in chemical manufacturing, with operations in 92 countries and 235 production sites worldwide. The company operates through seven main business segments, including Chemicals, Materials, Industrial Solutions, Nutrition & Care, Surface Technologies, Agricultural Solutions, and Other. Its Chemicals segment supplies basic chemicals and intermediates for both internal use and external customers. The Materials division focuses on polyamides, plastics, and monomers, while Industrial Solutions provides additives and ingredients for industrial applications. The Nutrition & Care segment offers ingredients for personal care, food, and cleaning products. Surface Technologies delivers coatings, catalysts, and battery materials, and the Agricultural Solutions division supports modern farming through seeds, crop protection, and digital tools. BASF’s diverse portfolio includes specialties in chemicals, performance products, functional materials, and agricultural solutions, positioning the company as a key enabler across industries such as automotive, agriculture, construction, consumer goods, and electronics. The company has regional presence in Europe, Asia Pacific, North America, South America, Africa, and the Middle East.

LANDF CORP. (South Korea)

LANDF CORP. produces cathode active materials for lithium-ion batteries designed for applications in electric vehicles, e-bikes, drones, IT devices, power tools, household appliances, and energy storage systems. The company manufactures lithium nickel manganese cobalt oxide, lithium nickel cobalt oxide, and lithium nickel manganese oxide. LANDF CORP. primarily operates in Korea, where it has two production plants; it also has a strong presence in China through its subsidiaries, JH Chemicals, and Museok Light & Future Co., Ltd. The subsidiary companies also offer precursors for cathode active material and cathode active material for secondary batteries.

Hunan Yuneng New Energy Battery Materials Co., Ltd. (China)

Hunan Yuneng New Energy Battery Materials Co., Ltd. is one of the leading Chinese producers of lithium-ion battery cathode materials, with operations centered on lithium iron phosphate (LFP) and ternary materials, of which LFP is the main product. These materials are supplied for use in power and energy storage batteries, supporting applications such as electric vehicles and stationary energy storage systems. The company operates five manufacturing bases in Xiangtan (Hunan), Jingxi (Guangxi), Suining (Sichuan), Fuquan (Guizhou), and Anning (Yunnan).

XTC New Energy Materials (Xiamen) Co., Ltd. (China)

XTC New Energy Materials (Xiamen) Co., Ltd. is a manufacturer and supplier of battery materials headquartered in China. The company was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange in 2021. Its operations include 10 holding companies and branches, 2 equity-invested subsidiaries, and a dedicated research institute. The product portfolio covers lithium cobalt oxide, ternary cathode materials, lithium iron phosphate, sodium-based battery materials, and hydrogen storage alloys. The company has a significant presence in lithium cobalt oxide, ternary cathode materials, and hydrogen storage alloys across its markets. The major customers include international and domestic battery manufacturers such as Panasonic, CATL, CALB, Sunwanda, BYD, Samsung, and LG Chem.

Shenzhen Dynanonic Co., Ltd. (China)

Shenzhen Dynanonic Co., Ltd. is a China-based company engaged in the research, development, production, and sale of materials for lithium-ion batteries. Its products include nano lithium iron phosphate, lithium iron phosphate, and lithium supplement enhancers, which are applied in new energy vehicles, energy storage systems, and other industries. The company was founded in 2007 and is headquartered in Shenzhen, China, where it maintains a strong presence in the domestic market.

Market Ranking

In the global cathode materials market, companies are ranked based on revenue, production capacity, technological innovation, and market presence. Leading players such as XTC New Energy Materials (Xiamen) Co., LTD. (China), Shenzhen Dynanonic Co., Ltd. (China), Hunan Yuneng New Energy Battery Materials Co., Ltd. (China), LANDF CORP. (South Korea), POSCO FUTURE M (South Korea), and BASF (Germany) are playing a crucial role in global supply, accounting for a significant share of total cathode materials production and exports. Key players continually invest in capacity expansions and strategic alliances to strengthen their market position. Strategic acquisitions and agreements are key competitive forces shaping the market, as companies aim to enhance scalability, manufacturing efficiency, and cost-effectiveness in response to increasing demand in the chemical sector and global sustainability regulations.

Related Reports:

Cathode Materials Market by Battery Type (Lead-acid, Lithium-ion, Nickel-cadmium (NiCd)), Material (Lithium-ion (LFP, LCO, NMC, NCA, LMO), Lead Dioxide), End Use (Automotive, Consumer Electronics, Industrial), and Region - Global Forecast to 2030