Global Cathode Material Market Overview
According to SPER Market Research, the Global Cathode Material Market is estimated to reach USD 108.86 billion by 2032 with a CAGR of 15.44%.
The Cathode materials market is segmented according to battery type and material. Due to the rapid growth in production of passenger cars, commercial trucks, and multiple, as well as increasing demands for factory power storage systems, the lead dioxide segment is expected to have the largest share of the cathode materials market. Due to increased government investments in the car sector, the lead-acid segment is expected to hold the largest share of the cathode materials market. The demand for battery-electric vehicles (EVs), including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs), must have increased in recent years as a result of strict Greenhouse gas laws and federal support Policy changes and subsidies have increased demand for cathode materials in the marketplace. Furthermore, the high demand for lithium-ion cathode technology in renewable energy businesses has played an important role there in market's growth. However, the cathode materials market is hampered by safety concerns regarding battery storage and transportation. Furthermore, government regulations, laws, and cathode material safety issues are expected to be major challenges for the cathode material market.
Impact of COVID-19 on the Global Cathode Material Market
During the forecast period, the cathode materials market is expected to be hampered by stringent security regulations for batteries during storage and transportation, as well as unfavorable current configuration caused by the COVID-19 outbreak. Furthermore, the increasing health problems in the goods transportation from the manufacturing facility to the software platform worldwide have such a negative impact on its economic expansion as a result of a staff shortage.
Scope of the Report:
Report Metric | Details |
Market size available for years | 2019-2032 |
Base year considered | 2021 |
Forecast period | 2022-2032 |
Segments covered | By Battery Type, By Material, By Off-Highway Vehicles
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Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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Companies Covered | 3M, BASF SE, Hitachi Chemical Co., Ltd, Johnson Matthey, LG Chem, Mitsubishi Chemical Corporation, Mitsui Mining & Smelting Co., Ltd, POSCO, Sumitomo Metal Mining Co. Ltd, Targray Technology International, TODA KOGYO CORP, Umicore
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Global Cathode Material Market Segmentation:
1. By Battery Type:
- Lead-Acid
- Lithium-Ion
- Other
2. By Material:
- Lithium Iron Phosphate
- Lithium Cobalt Oxide
- Lithium-Nickel Manganese Cobalt
- Lithium Manganese Oxide
- Lithium Nickel Cobalt Aluminium Oxide
3. By Application:
- Automotive
- Consumer Electronics
- Power Tools
- Energy Storage
- Others
4. By Region:
- Asia-Pacific
- Europe, Middle East
- Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Cathode Material Market Size (FY’2019-FY’2032)
- Overview of Global Cathode Material Market
- Segmentation of Global Cathode Material Market By Battery Type (Lead-Acid, Lithium-Ion, Others)
- Segmentation of Global Cathode Material Market By Material (Lithium Iron Phosphate, Lithium Cobalt Oxide, Lithium-Nickel Manganese Cobalt Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminium Oxide, Lead Dioxide, Sodium Iron Phosphate, Oxyhydroxide, Graphite, Others)
- Segmentation of Global Cathode Material Market By Application (Automotive, Consumer Electronics, Power Tools, Energy Storage, Others)
- Statistical Snap of Global Cathode Material Market
- Growth Analysis of Global Cathode Material Market
- Problems and Challenges in Global Cathode Material Market
- Competitive Landscape in the Global Cathode Material Market
- Impact of COVID-19 and Demonetization on Global Cathode Material Market
- Details on Recent Investment in Global Cathode Material Market
- Competitive Analysis of Global Cathode Material Market
- Global Cathode Material Market Key market Players
- SWOT Analysis of Global Cathode Material Market
- Global Cathode Material Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst