Global Market for Cathode Materials
Dublin, May 31, 2022 (GLOBE NEWSWIRE) -- The "Cathode Materials - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Cathode Materials Market to Reach $20.7 Billion by 2026
The global market for Cathode Materials estimated at US$15 Billion in the year 2020, is projected to reach a revised size of US$20.7 Billion by 2026, growing at a CAGR of 5.6% over the analysis period.
Lead-Acid, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$11.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the LIthium-ion segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 39.4% share of the global Cathode Materials market.
The U.S. Market is Estimated at $2.2 Billion in 2021, While China is Forecast to Reach $6.3 Billion by 2026
The Cathode Materials market in the U.S. is estimated at US$2.2 Billion in the year 2021. The country currently accounts for a 14.39% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$6.3 Billion in the year 2026 trailing a CAGR of 7.1% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR while Rest of European market (as defined in the study) will reach US$6.8 Billion by the close of the analysis period.
The market is witnessing considerable developments driven by the increasing focus on improving durability, efficiency, compatibility and charging time. Consumer electronic devices and equipment, automotive industry, renewable energy sector are all driving demand for batteries, enhancing demand for cathode materials.
Significant growth in the demand for Li-ion batteries in several industries such as electronics and automotive is boosting demand for cathode materials. Growing number of eco-friendly policies across the globe have been increasing the demand for electric vehicles (EVs) that need organized energy storage systems, fueling growth in the cathode materials market.
The market is expected to witness a moderate growth owing to the increased application of cathode materials across industries and growing investments in the renewable energy sector. The market is also expected to benefit from the growing utilization of lightweight and rechargeable batteries in smart devices.
Rapid increase in usage of passenger cars, commercial vehicles and motorcycles is expected to augment the demand for cathode materials in batteries during the forecast period. The automotive industry has also been actively shifting towards usage of sustainable and clean fuel.
The demand for EVs including plug-in hybrid vehicles, battery electric vehicles and hybrid electric vehicles has been rising significantly owing to strict regulation on CO2 emissions and support from government in the form of subsidies and policy changes.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Disruption to Battery Supply Chains Impacts Market Prospects
An Introduction to Cathode Materials
Global Market Prospects & Outlook
Developing Economies to Spearhead Future Growth
Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 40 Featured)
Johnson Matthey plc
LG Chem Ltd.
Mitsubishi Chemical Corporation
Mitsui Mining & Smelting Co., Ltd.
Showa Denko Materials Co., Ltd.
Sumitomo Metal Mining Co., Ltd.
Targray Technology International, Inc.
TODA KOGYO CORP.
3. MARKET TRENDS & DRIVERS
Increasing Importance of Batteries in the Modern World Presents Opportunities for Cathode Materials
Robust Outlook for EVs Opens New Avenues of Growth for EV Batteries & Cathode Materials Market
Energy Density (Wh/kg), Cost and Lifetime of Cathode Materials for EV Batteries
Growing Demand for EVs to Drive Demand for Cathode Materials
High Demand for Lithium-ion Technology in Electric Vehicles Augurs Well for Cathode Materials Market
With COVID-19 Pandemic Affecting EV Sales, Prospects Hit for Battery Materials Market
Global Electric Vehicle Sales % Change in 2020
Active Cathode Material: Critical for Determining Performance and Material Cost of EV Battery
Li-Rich Cathode Materials to Enable High-Energy EV Batteries
Global Automakers Focus on Securing Raw Materials for EVs
Projected Demand for Metals and Minerals from Li-ion Battery Packs Used in Passenger EVs by Type for the Years 2025 and 2030
Cathode Material Market for Automotive Li-Ion Battery: An Overview
LFP Cathode Materials Market: Ideal for Li-ion Batteries in EVs
Growing Use of Lithium Batteries in Consumer Electronics Products Augurs Well for Cathode Materials Market
COVID-19 Impact on Electronics Industry Affects Cathode Materials Demand
Rise in Adoption of Renewable Energy and Growing Need for Battery Storage Systems to Drive Demand for Cathode Materials
Post COVID-19 Period to Present Robust Growth for Energy Storage Technologies
Graphene Holds the Potential to Enhance Attributes of Li-ion Batteries
Research Studies, Innovations & Advancements to Boost Market Prospects
Study on Nature of Oxidized Oxygen in Battery Materials to Transform Future Battery Cathodes
Nano One Gains Patent for Li-Ion Cathode Materials
Nanocomposite Cathode for Lithium Ion Batteries
Researchers Find Singlet Oxygen as the Factor Causing Breakdown of Li-ion Battery
New Cathode Material for Sustainable EVs
Lithium-rich Cathode Materials Used in EVs Store Charge in High Voltages
New Cathode Material for Use in Metal-ion Batteries to Replace Lithium-ion Technology
Changes in Li-ion Battery Composition and Component Use Impact Demand for Cathode Materials
Cobalt Demand and Pricing: Significant Implications for Cathode Materials Used in EV Batteries
Global Cobalt Mine Production (in Metric Tons) by Country for 2019 and 2020
Global Cobalt Mine Production Volume (in Thousand Metric Tons) for 2010 through 2020
Global Cobalt Prices (in US$ Per Ton) for the Years 2015-2020
High Cobalt Prices: Reason for Slower Decline in Production Cost of Li-ion Battery
Cathode: The Largest Cost Component of Li-ion Batteries
Cost Structure of Consumer-Grade Li-ion Battery (in $/kWh) by Cost Component
Suppliers Confront New Challenges
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/tx0juy
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900