Cathode Material Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Material Type (Lithium Cobalt Oxide, Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Manganese Oxide (NCM), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lead Oxide, Others), By End User Industry (Electronics, Automotive, Others), And By Geography - Forecasts From 2019 To 2024

Published:  Apr 2021 Report Code: KSI061612357 Pages: 117

The global cathode material market is projected to expand at a CAGR of 5.86% to reach US$17.783 billion in 2024 from US$12.634 billion in 2018. Cathode materials are comprised of cobalt, nickel, and manganese in the crystal structure forming a multi-metal oxide material to which lithium is added. Burgeoning demand for Li-ion batteries across industries such as automotive and electronics are the key driving factor that is boosting the demand for cathode materials. As environment-friendly policies are being bolstered across the globe, demand for electric vehicles is sharply increasing which requires efficient energy storage systems. Thus, it is providing a big boost to the cathode material’s market growth. The market is expected to grow at a moderate pace owing to its increased industrial applications and rising investments in the renewable energy sector that is expected to accelerate the demand for Li-Ion batteries, thus positively impacting the growth of the cathode materials market.

Based on material, the lead oxide segment is expected to have a significant market share due to the increased production of vehicles and rising demand for the battery storage system. By geography, the Asia Pacific region is expected to grow at a significant CAGR due to the rise in demand for electric vehicles and government support for battery energy systems.

DRIVERS

High demand for Li-ion batteries from the automotive and electronics industry
A rise in demand for electric vehicles

RESTRAINTS
Stringent safety regulations for batteries during storage, transportation, and disposal

INDUSTRY UPDATES
In March 2019, A team of scientists including researchers at the U.S. Department of Energy's (DOE) Brookhaven National Laboratory and SLAC National Accelerator Laboratory has identified the causes of degradation in a cathode material for lithium-ion batteries, as well as possible remedies. The findings could lead to the development of more affordable and better-performing batteries for electric vehicles.
In April 2019, Air Products announced that it has been awarded on-site oxygen and nitrogen supply for POSCO Chemical's new cathode material manufacturing complex being built in Gwangyang, South Korea.

Cathode Material Market Scope:

Report Metric Details
 Market size value in 2018  US$12.634 billion
 Market size value in 2024  US$17.783 billion
 Growth Rate  CAGR of 5.86% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Material Type, End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Umicore, BASF SE, POSCO, Johnson Matthey, KUREHA CORPORATION, Sumitomo   Corporation, TODAKOGYO CORP, MITSUI MINING & SMELTING CO., LTD., Merck   KGaA, Lithium Australia NL, TIAX, LG Chem
 Customization scope  Free report customization with purchase

SEGMENTATION

The global cathode material market has been analyzed through the following segments:

By Material Type
Lithium Cobalt Oxide
Lithium Manganese Oxide (LMO)
Lithium Nickel Cobalt Manganese Oxide (NCM)
Lithium Nickel Cobalt Aluminum Oxide (NCA)
Lead Oxide
Others

By End-User Industry
Electronics
Automotive
Others

By Geography
North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others


Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for global cathode material market?
A1. The global cathode material market is projected to expand at a CAGR of 5.86% during the forecast period.
 
Q2. What is the size of cathode material market?
A2. The global cathode material market was valued at US$12.634 billion in 2018.
 
Q3. What will be the global cathode material market size by 2024?
A3. Cathode Material market is projected to reach a total market size of US$17.783 billion in 2024.
 
Q4. Which region holds the largest market share in cathode material market?
A4. The Asia Pacific region is expected to grow at a significant CAGR due to a rise in demand for electric vehicles and government support for battery energy systems.
 
Q5. Which segment is driving the global cathode material market growth?
A5. The lead Oxide segment is expected to have a significant market share due to the increased production of vehicles and rising demand for the battery storage system.  

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL CATHODE MATERIAL MARKET BY MATERIAL TYPE
5.1. Lithium Cobalt Oxide
5.2. Lithium Manganese Oxide
5.3. Lithium Nickel Cobalt Manganese Oxide (NCM)
5.4. Lithium Nickel Cobalt Aluminium Oxide (NCA)
5.5. Lead Oxide
5.6. Others
6. GLOBAL CATHODE MATERIAL MARKET BY END-USER INDUSTRY
6.1. Electronics
6.2. Automotive
6.3. Others
7. GLOBAL CATHODE MATERIAL MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Umicore.
9.2. BASF SE
9.3. POSCO
9.4. Johnson Matthey
9.5. KUREHA CORPORATION
9.6. Sumitomo Corporation
9.7. TODAKOGYO CORP
9.8. MITSUI MINING & SMELTING CO., LTD.
9.9. Merck KGaA
9.10. Lithium Australia NL
9.11. TIAX
9.12. LG Chem
LIST OF FIGURES
LIST OF TABLES

Umicore
BASF SE
POSCO
Johnson Matthey
KUREHA CORPORATION
Sumitomo Corporation
TODAKOGYO CORP
MITSUI MINING & SMELTING CO., LTD.
Merck KGaA
Lithium Australia NL
TIAX
LG Chem

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