Global Cathode Materials
Market Report
2025
The Cathode materials market was valued at USD 20.20 billion in 2022 and will reach USD 35.60 billion by 2030, registering a CAGR of 6.5 % for the forecast period 2023-2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The Cathode materials market was valued at USD 20.20 billion in 2022 and will reach USD 35.60 billion by 2030, registering a CAGR of 6.5 % for the forecast period 2023-2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Cathode Materials Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 6.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Material |
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Market Split by Application |
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Market Split by Batteries |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Cathode Materials Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The negative charge of the electrode is called a cathode. The current flows from the cathode to the anode. Therefore, the material used to allow the flow of electrons is called a cathode material. Cathode materials consist of manganese, nickel, cobalt, and lithium oxides. These metallic oxides can work at high voltage therefore they are considered the best cathode material. Initially, cobalt was considered as an active element, but now it is substituted by nickel. Cathode material has various applications in the automotive, industrial, and consumer electronics. Lithium-ion batteries are widely used in the automotive industry because they provide the highest energy density. Government investment in renewable energy shows great demand for cathode material in the upcoming years.
The most important part of an electric vehicle is the battery. The better performance of EVs required excellent batteries. These batteries are made from the cathode material. Lithium cobalt oxide (LCO cathode), was the first used cathode material. Lithium Nickel Manganese Cobalt Oxide (NMC cathode) offers a great life cycle as compared to the NCA. Whereas Lithium Nickel Cobalt Aluminium Oxide (NCA) provides high energy density. The electric vehicle is the best substitute for the automotive vehicle because of the resources of petroleum. Therefore, increasing fuel prices creates the demand for electric vehicles. Considering these factors, the market for cathode material is expected to grow by increasing demand for electric vehicles.
There is a certain risk associated with the storage and transportation of lithium contain batteries. Increasing temperature leads to fire. The battery contains a significant amount of energy, in case of a short circuit they have the potential to create an electrical hazard. Hazardous chemicals such as mercury, and heavy metal acids are harmful to the environment if proper disposal is not done, in addition during manufacturing workers may be exposed to the hazardous chemical and may face health issues. Therefore, proper care and handling is necessary to reduce the risk.
Covid 19 negatively impacted the cathode material industry. The major consumer of cathode material is the automotive industry. Due to the strict lockdown, they face challenges in raw materials, labour supply, and delivery of products. There was no new demand for the vehicle due to regulations on transportation and decreasing spending capacity of individuals. Due to the Unavailability of raw materials and labour most of the automotive industry was closed down for a certain period of time. Therefore, during the pandemic cathode material industry showed negative growth due to the disruption of demand and supply chain. After covid 19 the cathode material industry shows tremendous growth globally, due to increasing demand for electric vehicles and increasing uses of consumer goods.
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POSCO Chemical developed the world’s largest cathode production plant in South Korea.
The annual cathode production capacity of this plant is 90,000 tons. It produced the high nickel cathode material to supply the EVs.
NOVONIX launched a new pilot project to increase the production of cathode material.
NOVINIX targeted large-scale production of cathode material to supply EVs. The annual production target is 10 tonnes. The new facility helped to reduce waste and manufacturing costs.
Top Companies Market Share in Cathode Materials Industry: (In no particular order of Rank)
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Asia Pacific is projected to have the largest market share during the forecast period.
Globally, the cathode material market on the basis of region is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The largest market share of cathode material is dominated by Asia pacific and North America. There is a probability that Asia-specific will be dominating the cathode material market during the projected period. This is due to the increasing demand for consumer electronic and electric vehicles. China is the largest producer of consumer electronics. Increasing fuel prices creates the demand for electric vehicles. Increasing applications of laptops, computers, home appliances, and cell phones create the demand for batteries. Increasing the disposable income of an individual increases the spending capacity on consumer electronics.
North America is also foreseen to account for a remarkable market share in the global Cathode material market. This is due to the increasing uses of renewable energy batteries.
The current report Scope analyzes Cathode Materials Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Cathode Materials Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Cathode Materials Industry growth. Cathode Materials market has been segmented with the help of its Material, Application Batteries, and others. Cathode Materials market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The lead-acid cathode material is expected to hold the largest market share from the years 2023-2030.
The global cathode material market is divided into lithium-ion cathode material and lead acid cathode material. The lead oxide cathode material is used to manufacture batteries. These batteries are widely used in the automotive industry. It provides various advantages to the automotive industry such as it occupies a small space and stores more energy. It has a large current therefore it is ideal for starting an internal combustion engine. Increasing demand from the automotive industry for lead oxide batteries will drive the market for lead acid cathode material in the upcoming years.
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The Automotive segment is estimated to gain the largest share of the Cathode material market during the forecast period.
The global cathode material market based on end-users’ type is classified into industrial, consumer electronics, and automotive. Globally, the cathode material market is estimated to gain the largest share from the automotive segments during the forecast period. The automotive industry utilizes a tremendous number of batteries. These batteries are made from the excellent-quality of cathode material. Therefore, vehicles perform better performance over a longer period. The automotive industry is expanding by increasing demand from consumers. Therefore, There will be high demand for cathode material in automotive batteries in the upcoming years.
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The lithium-ion segment is expected to show steady growth over the forecasted period.
By batteries, the global cathode material market is classified into lead dioxide, lithium-ion, and other batteries. Lithium-ion batteries are used in consumer electronics. Increasing demand for consumer electronics such as cell phones, laptops, computers, printers, and TV sets drives the demand for lithium-ion batteries. These batteries support wireless charging and they resist natural discharge. It is long-lasting. Considering these factors, the lithium-ion battery segment is expected to show steady growth in the upcoming years.
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The Global Cathode Materials Market is witnessing significant growth in the near future.
In 2023, the Lithium-Ion cathode material segment accounted for noticeable share of global Cathode Materials Market and is projected to experience significant growth in the near future.
The Industrial segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Mitsubishi Chemical Corporation , Hitachi Chemical Co. Ltd and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Material | Lithium-Ion cathode material, Lead Dioxide cathode material |
Application | Industrial, Consumer electronics, Automotive |
Batteries | Lead Acid, Lithium-ion |
List of Competitors | Mitsubishi Chemical Corporation, BASF SE, Hitachi Chemical Co. Ltd, LG Chem, Johnson Matthey, Mitsui Mining & Smelting Co. Ltd, POSCO, Sumitomo Metal Mining Co. |
This chapter will help you gain GLOBAL Market Analysis of Cathode Materials. Further deep in this chapter, you will be able to review Global Cathode Materials Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Cathode Materials. Further deep in this chapter, you will be able to review North America Cathode Materials Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Cathode Materials. Further deep in this chapter, you will be able to review Europe Cathode Materials Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Cathode Materials. Further deep in this chapter, you will be able to review Asia Pacific Cathode Materials Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Cathode Materials. Further deep in this chapter, you will be able to review South America Cathode Materials Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Cathode Materials. Further deep in this chapter, you will be able to review Middle East and Africa Cathode Materials Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Cathode Materials. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Material Analysis 2019 -2031, will provide market size split by Material. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Material Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Batteries Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Cathode Materials market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Lithium-Ion cathode material have a significant impact on Cathode Materials market? |
What are the key factors affecting the Lithium-Ion cathode material and Lead Dioxide cathode material of Cathode Materials Market? |
What is the CAGR/Growth Rate of Industrial during the forecast period? |
By type, which segment accounted for largest share of the global Cathode Materials Market? |
Which region is expected to dominate the global Cathode Materials Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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