Lithium-Ion Battery Cathode Material Market Top Leading Players with Research Data 2027
The global Lithium-Ion Battery Cathode Material market is forecast to reach USD 28.28 billion by 2027, according to a new report by Reports and Data. Lithium-Ion Battery Cathode Material are vital components of any general battery which finds various applications in consumer electronics, automotive, aerospace, and power tools among other industries. Owing to the changing trends in the electronics industry, coupled with growing laptop & cell phones in the market, the critical application of Lithium-Ion Battery Cathode Material are found to be in smart devices.
The market for Lithium-Ion Battery Cathode Material is
influenced by the rising demand for battery electric vehicles in order to
minimize carbon dioxide emissions. Strict government regulations against
environmental pollution and the increasing price of fossil fuels are passively
driving the market growth for Lithium-Ion Battery Cathode Material.
The above-mentioned factors collectively create
opportunities for the market growth while factors such as safety issues related
to storage and transportation of batteries pose limitations in the market.
However, each factor would have a definite impact on the market during the
forecast period. Consistent advancements in the battery market owing to
innovative efforts have enhanced the efficiency of Lithium-Ion Battery Cathode
Material.
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The Asia Pacific is a key region for the Lithium-Ion
Battery Cathode Material market due to the rising industrialization in emerging
economies, such as China, India and Thailand. Presence of established battery
manufacturers and facilities in the region are expected to fuel the demand for Lithium-Ion
Battery Cathode Material in the region. Furthermore, factors like support from
the government, hefty investments by automotive giants on electric vehicle
production have made the region one of the leading cathode material consumers.
Competitive Landscape:
· Umicore
· 3M
· Mitsubishi
Chemical Holdings
· POSCO
· Johnson
Matthey
· Hitachi
Chemical
· Kureha
· Sumitomo
· Toda
Kogyo
· Mitsui
Mining & Smelting
Market Dynamics:
The power and energy
industry has significantly grown over the recent past and is expected to
rapidly expand in terms of revenue share over the forecast period. Power and
energy sector has been playing a crucial role in shaping the world. Over the
recent years there has been a rapid increase in the demand for power and energy
owing to rapidly industrialization and urbanization across the globe. Factors
such as increasing demand for power and energy across various sectors such as
information technology, pharma and healthcare, agriculture, commercial sites,
residences, transportation and other industrial sectors, and government
initiatives and subsidiaries are expected to drive market revenue growth over
the forecast period. In addition, growing adoption of green energy, high focus
on utilizing renewable resources, and rising investments in research and
development activities are expected to fuel market growth going ahead.
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Further key findings from the report
suggest
- The
lithium-ion battery type held the largest market share of 50.3% in the
year 2019. This due to the growing trend for the adoption of electric
vehicles where lithium-ion batteries are extensively used to propel the
motor.
- Lead
dioxide material segment is forecasted to grow with the highest CAGR of
6.8% during the forecast period. The growth is due to the increasing
production of two-wheelers, commercial vehicles, and passenger cars, along
with growing demand for industrial energy storage systems.
- Consumer
electronics segment is forecasted to grow with the highest CAGR of 6.8%
during the forecast period. High demand for cell phones, laptops,
televisions, and digital cameras from the consumers are fueling the market
growth for Lithium-Ion Battery Cathode Material.
- The
Asia Pacific region held the largest market share of 58.5% in the year
2019. The market is shifting towards the adaptation of battery propelled
vehicles such as BEVs, PHEVs, or HEVs due to carbon dioxide emission
regulations and government subsidies. The growing population and the
increasing consumer electronics appliances in the region are further
driving the market for Lithium-Ion Battery Cathode Material.
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For the purpose of this report, Reports and Data have
segmented into the global Lithium-Ion Battery Cathode Material market on the
basis of battery type, materials, end-use industries, and region:
Battery Type Outlook (Volume, Kilo Tons;
Revenue, USD Billion; 2017-2027)
- Lead-Acid
- Lithium-Ion
- Others
Materials Outlook (Volume, Kilo Tons;
Revenue, USD Billion; 2017-2027)
- Lithium
Iron Phosphate
- Lithium
Cobalt Oxide
- Lithium-Nickel
Manganese Cobalt
- Lead
Dioxide
- Others
Applications Outlook (Volume, Kilo Tons;
Revenue, USD Billion; 2017-2027)
- Automotive
- Consumer
Electronics
- Power
Tools
- Energy
System Storage
- Others
Regional Outlook (Volume, Kilo Tons;
Revenue, USD Billion; 2017-2027)
- North
America
- Europe
- Asia
Pacific
- MEA
- Latin
America
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TOC of this Report @ https://www.reportsanddata.com/report-detail/cathode-materials-market/toc
Key Questions Answered in the Report:
What is the growth rate of the Lithium-Ion Battery
Cathode Material market? What is the anticipated market valuation of Lithium-Ion
Battery Cathode Material industries by 2027?
What are the key growth driving and restraining factors
of the Lithium-Ion Battery Cathode Material market?
Who are the prominent players operating in the market?
What are the key strategies adopted by these companies?
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