Lithium-Ion Battery Materials Companies

The global lithium-ion battery materials market is projected to grow from USD 48.29 billion in 2025 to USD 95.34 billion in 2030, at a CAGR of 14.6% during the forecast period. The market experiences its main market expansion due to the increase in electric vehicle production, which creates higher demand for cathode, anode, electrolyte, and other materials. Further growth is expected through increased installations of energy storage systems, which support renewable power integration and maintain grid stability as worldwide solar and wind capacity expands. Scientists develop new materials to create batteries with higher energy capacity, longer lifespan, and improved safety features. The market experiences robust growth because the customer electronics and industrial markets maintain consistent product demand.

BASF SE (Germany), POSCO Future M (South Korea), Umicore (Belgium), Sumitomo Metal Mining Co., Ltd. (Japan), and Resonac Holding Corporation (Japan) fall under the winners’ category. These are leading players in the lithium-ion battery materials market based on their production capacity.

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BASF SE (Germany)

BASF SE is the world's foremost manufacturer and supplier of innovative materials, chemical products, and complete solutions. The company operates multiple business segments, including chemicals and materials, industrial solutions and surface technologies, nutrition and care, agricultural solutions, and other segments. The company provides a range of products and solutions, including petrochemicals and intermediates, performance materials and polyamide raw materials, performance chemicals and catalysts, personal care products, and oil and gas solutions. BASF SE supplies lithium-ion battery materials through its Catalysts division, which operates within the Surface Technologies business unit. The company produces and sells cathode active materials, which enable lithium-ion battery operation in electrified vehicles. The company operates in more than 80 countries across Europe, North America, Asia Pacific, South America, Africa, and the Middle East.

POSCO Future M (South Korea)

POSCO Future M, formerly known as POSCO Chemical, is among the leading players in lithium-ion battery materials. It offers products and services such as battery materials, advanced chemical materials, and basic industrial materials for a wide range of applications, including electric vehicles, IT devices, electric machines, plasticizers, and the manufacture of benzene, toluene, and xylene. Under the battery materials division, it produces cathode materials and anode materials. The company operates in Europe, Asia Pacific, the Middle East & Africa, South America, and North America.

Umicore (Belgium)

Umicore is a global material technology and recycling group. The company serves diverse industries, including energy, automotive, recycling, chemicals, manufacturing, optics & displays, precious metals, and electronics. The company operates through three business segments: catalysis, energy & surface technologies, and recycling. The company offers lithium-ion battery materials under its energy & surface technologies segment. It also offers other products in this segment, including cobalt & specialty materials, rechargeable battery materials, metal deposition solutions, and electro-optic materials. The company operates in over 90 countries across Europe, North America, Asia Pacific, South America, and Africa. It has more than 40 production sites and 15 R&D and Technical centers globally.

Sumitomo Metal Mining Co., Ltd. (Japan)

Sumitomo Metal Mining Co., Ltd. operates as SMM because it is the global leader in providing essential materials for lithium-ion battery production. The company operates its business through three main divisions: mineral resources, smelting & refining, and materials operations. The materials business segment is divided into six categories: battery materials, crystal materials, powder materials, package materials, catalyst materials, and construction materials. The battery materials division develops and markets cathode materials, which include lithium nickel cobalt aluminum oxide (NCA), lithium nickel manganese cobalt oxide (NMC), and nickel hydroxide. The company conducts its main business activities in Japan, while it also operates in various countries, including China, the US, the Philippines, Australia, Chile, Peru, and other nations.

Resonac Holding Corporation (Japan)

Resonac Holdings Corporation, formerly known as Showa Denko, operates as a chemical manufacturer supplying products to various industries, including electronics, energy, environmental applications, and other industrial sectors. The company operates through four segments: semiconductor & electronic materials, mobility, innovation enabling materials, and chemicals. The mobility segment includes battery materials and automotive products, consisting of plastic-molded items and friction materials, powder metals, lithium-ion battery materials, including aluminum-laminated film SPALF, and additives for cathodes and anodes, and carbon anode materials. The company conducts its operations across Japan, China, and various other Asia Pacific nations.

Market Ranking

In the global lithium-ion battery materials market, companies are ranked based on production capacity, market presence, revenue, and technological innovation. Leading players such as POSCO Future M (South Korea), BASF SE (Germany), Sumitomo Metal Mining Co., Ltd. (Japan), Umicore (Belgium), and Resonac Holding Corporation (Japan) are playing a crucial role in global supply, accounting for a significant share of total lithium-ion battery materials production and exports.

Related Reports:

Lithium-Ion Battery Materials Market by Battery Chemistry (LFP, LCO, NMC, NCA, LMO), Material (Cathode, Anode, Electrolyte), Application (Portable Device, Electric Vehicle, Industrial, Power Tool, Medical Device) & Region - Global Forecast to 2030

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