Product Code: GVR-4-68040-455-8
Cathode Materials Market Size & Trends:
The global cathode materials market size was estimated at USD 27.83 billion in 2023 and is forecasted to grow at a CAGR of 14.0% from 2024 to 2030. This growth is attributed to the rapid growth of the electric vehicle (EV) market and the global shift towards renewable energy which has increased the demand for cathode materials for battery manufacturing. Cathode materials are essential in lithium-ion batteries which play a vital role in determining the energy density, performance, and lifespan of these batteries. With rising push for carbon neutrality, the adoption of EVs, energy storage systems, and renewable energy infrastructure is expected to increase sharply. This surge in battery demand will directly drive the need for high-performance cathode materials like lithium iron phosphate (LFP) and nickel-cobalt-manganese (NCM) combinations in the coming years.
Advancements in battery technology are focusing on improving energy efficiency and reducing costs, further fueling demand for advanced cathode materials. Industries are optimizing battery performance for longer range and faster charging which is expected to increase requirement for materials with enhanced stability, energy capacity, and sustainability. Moreover, supply chain concerns around critical materials like cobalt are spurring innovation and increased investment in alternative cathode materials, all contributing to the overall rise in demand.
The cathode materials market is extremely competitive in nature and characterized by the presence of several regional and international players. Prominent players are adopting various strategies to gain market share, such as investing in research and development to create more efficient and cost-effective materials. These players are also exploring alternative materials with less reliance on expensive and scarce elements such as cobalt and are focusing on nickel-rich and lithium iron phosphate (LFP) chemistries. Furthermore, market players are expanding their production capacities and forming strategic partnerships with battery manufacturers and automobile manufacturers to secure long-term supply agreements.
Global Cathode Materials Market Report Segmentation
This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the cathode materials market based on battery type, application, and region:
- Battery Type Outlook (Revenue, USD Million, 2018 - 2030)
- Lithium-Ion
- Lithium Iron Phosphate
- Lithium Cobalt Oxide
- Lithium-Nickel Manganese Cobalt
- Lithium Nickel Cobalt Aluminium Oxide
- Lithium Manganese Oxide
- Lead-Acid
- Other Battery Types
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Automotive
- Consumer Electronics
- Power Tools
- Energy Storage
- Other Applications
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Central & South America
- Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Cathode Materials Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Regulatory Framework
- 3.4. Technology Overview
- 3.5. Cathode Materials Market - Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenge Analysis
- 3.6. Business Environment Analysis
- 3.6.1. PESTLE Analysis
- 3.6.2. Porter's Five Forces Analysis
- 3.7. Market Disruption Analysis
Chapter 4. Cathode Materials Market: Battery Type Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Battery Type Movement Analysis & Market Share, 2023 & 2030
- 4.3. Cathode Materials Market By Battery Type, 2018 - 2030 (USD Million)
- 4.4. Lithium-Ion
- 4.4.1. Lithium-Ion Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 4.4.2. Lithium Iron Phosphate
- 4.4.2.1. Lithium Iron Phosphate Lithium-Ion Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 4.4.3. Lithium Cobalt Oxide
- 4.4.3.1. Lithium Cobalt Oxide Lithium-Ion Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 4.4.4. Lithium-Nickel Manganese Cobalt
- 4.4.4.1. Lithium-Nickel Manganese Cobalt Lithium-Ion Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 4.4.5. Lithium Nickel Cobalt Aluminium Oxide
- 4.4.5.1. Lithium Nickel Cobalt Aluminium Oxide Lithium-Ion Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 4.4.6. Lithium Manganese Oxide
- 4.4.6.1. Lithium Manganese Oxide Lithium-Ion Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 4.5. Lead-Acid
- 4.5.1. Lead-Acid Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 4.6. Other Applications
- 4.6.1. Cathode Materials Market Estimates & Forecasts, by Other Battery Type, 2018 & 2030 (USD Million)
Chapter 5. Cathode Materials Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2023 & 2030
- 5.3. Cathode Materials Market By Application, 2018 - 2030 (USD Million)
- 5.4. Automotive
- 5.4.1. Cathode Materials Market Estimates & Forecasts for Automotive, 2018 & 2030 (USD Million)
- 5.5. Consumer Electronics
- 5.5.1. Cathode Materials Market Estimates & Forecasts for Consumer Electronics, 2018 & 2030 (USD Million)
- 5.6. Power Tools
- 5.6.1. Cathode Materials Market Estimates & Forecasts for Power Tools, 2018 & 2030 (USD Million)
- 5.7. Energy Storage
- 5.7.1. Cathode Materials Market Estimates & Forecasts for Energy Storage, 2018 & 2030 (USD Million)
- 5.8. Other Applications
- 5.8.1. Cathode Materials Market Estimates & Forecasts for Other Applications, 2018 & 2030 (USD Million)
Chapter 6. Cathode Materials Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Market Share Analysis, 2023 & 2030
- 6.3. Market Estimates & Forecasts by Region, 2018 - 2030 (USD Million)
- 6.4. North America
- 6.4.1. North America Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.4.2. North America Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.4.3. North America Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.4.4. U.S.
- 6.4.4.1. U.S. Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.4.4.2. U.S. Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.4.4.3. U.S. Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.4.5. Canada
- 6.4.5.1. Canada Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.4.5.2. Canada Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.4.5.3. Canada Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.4.6. Mexico
- 6.4.6.1. Mexico Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.4.6.2. Mexico Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.4.6.3. Mexico Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.5. Europe
- 6.5.1. Europe Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.2. Europe Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.5.3. Europe Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.5.4. Germany
- 6.5.4.1. Germany Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.4.2. Germany Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.5.4.3. Germany Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.5.5. UK
- 6.5.5.1. UK Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.5.2. UK Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.5.5.3. UK Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.5.6. France
- 6.5.6.1. France Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.6.2. France Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.5.6.3. France Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.5.7. Spain
- 6.5.7.1. Spain Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.7.2. Spain Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.5.7.3. Spain Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.5.8. Italy
- 6.5.8.1. Italy Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.8.2. Italy Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.5.8.3. Italy Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.6. Asia Pacific
- 6.6.1. Asia Pacific Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.2. Asia Pacific Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.6.3. Asia Pacific Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.6.4. China
- 6.6.4.1. China Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.4.2. China Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.6.4.3. China Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.6.5. India
- 6.6.5.1. India Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.5.2. India Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.6.5.3. India Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.6.6. Japan
- 6.6.6.1. Japan Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.6.2. Japan Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.6.6.3. Japan Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.6.7. South Korea
- 6.6.7.1. South Korea Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.7.2. South Korea Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.6.7.3. South Korea Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.7. Central & South America
- 6.7.1. Central & South America Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.7.2. Central & South America Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.7.3. Central & South America Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.7.4. Brazil
- 6.7.4.1. Brazil Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.7.4.2. Brazil Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.7.4.3. Brazil Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.7.5. Argentina
- 6.7.5.1. Argentina Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.7.5.2. Argentina Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.7.5.3. Argentina Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
- 6.8. Middle East & Africa
- 6.8.1. Middle East & Africa Cathode Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.8.2. Middle East & Africa Cathode Materials Market Estimates & Forecasts, by Battery Type, 2018 & 2030 (USD Million)
- 6.8.3. Middle East & Africa Cathode Materials Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Million)
Chapter 7. Supplier Intelligence
- 7.1. Kraljic Matrix
- 7.2. Engagement Model
- 7.3. Negotiation Strategies
- 7.4. Sourcing Best Practices
- 7.5. Vendor Selection Criteria
- 7.6. List of Raw Battery Type Suppliers
Chapter 8. Competitive Analysis
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map Analysis
- 8.5. Company Listings
- 8.5.1. Nichia Corporation
- 8.5.1.1. Company Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. JFE Chemical Corporation
- 8.5.2.1. Company Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Strategic Initiatives
- 8.5.3. NEI Corporation
- 8.5.3.1. Company Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.3.4. Strategic Initiatives
- 8.5.4. Targray
- 8.5.4.1. Company Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.4.4. Strategic Initiatives
- 8.5.5. BASF Catalysts LLC
- 8.5.5.1. Company Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.5.4. Strategic Initiatives
- 8.5.6. Hitachi, Ltd.
- 8.5.6.1. Company Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.6.4. Strategic Initiatives
- 8.5.7. Mitsubishi Chemical Group Corporation
- 8.5.7.1. Company Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.7.4. Strategic Initiatives
- 8.5.8. Celgard LLC
- 8.5.8.1. Company Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.8.4. Strategic Initiatives
- 8.5.9. Umicore N.V.
- 8.5.9.1. Company Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.9.4. Strategic Initiatives
- 8.5.10. Sumitomo Metal Mining Co., Ltd.
- 8.5.10.1. Company Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking
- 8.5.10.4. Strategic Initiatives