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Lithium-ion Battery Cathode Market

Lithium-ion Battery Cathode Market

Lithium-ion Battery Cathode Market Growth Assessed by Cathode Composition, Cell Type and End Use Application

Lithium-ion Battery Cathode Market
FACT3816MR

Lithium-ion Battery Cathode Market in Numbers

  • Lithium-ion battery cathode market recorded a CAGR of ~9% between 2014 and 2018.
  • Global sales of lithium-ion battery cathode were estimated at ~235,000 tons in 2018, and are likely to register a CAGR of ~13% between 2019 and 2029.
  • East Asia will maintain its lead in the lithium-ion battery cathode market, upheld by the perpetual rise in the production of electric vehicles.
  • South Asia is anticipated to remain the high-growth market for lithium-ion battery cathode, as ample opportunities have been created for the automotive industry, from the spread of urban sprawl.

lithium ion battery cathode market snapshot

Lithium-ion Battery Cathode Market – Competitive Landscape

The lithium-ion battery cathode market operates amid a high degree of consolidation with only a handful of players operating in the top tier. The leading players accounting for ~50% of the total lithium-ion battery cathode market shares, include Umicore SA, BASF SE, and Sumitomo Chemicals.

Leading players operating in the lithium-ion battery cathode market continue to exploit strategic merger and acquisition activities to broaden their exposure in overseas territories. While these players continue to strenuously focus on expansion of their production capacities, new investments will remain of paramount importance for them.

For instance, in November 2018, BASF SE declared its plans to refocus efforts on the manufacturing of NMC cathode material that comprises 70% manganese, 20% nickel, and less than 5% cobalt.

Currently lenient in some parts of the world, emission laws are likely to turn stringent with an emphasis on environmental sustainability, which will potentially manhandle the adoption of lithium-ion battery cathode to a higher rate. For regional players in the market, this will be the key differentiating factor for a competitive edge.

On the other side, regional players continue to struggle with the development of lithium-ion battery cathodes within the permissible limits of regulatory norms. For example, 3M augmented its investments in Nanoscale components for improving lithium-ion batteries.

With the upsurge in the demand for these batteries in Asia Pacific’s consumer goods and automotive sector, investments in this region are likely to translate into greater ROI.

lithium ion battery cathode market structure

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Key Growth Determinants of the Lithium-ion Battery Cathode Market

  • Recent trends of ‘cost optimization’, as observed in the automotive industry, are likely to uphold the demand for cathode materials for the production of the lithium-ion battery, on account of their high efficiency, enduring lifespan, economical costs, and high energy storage capacity.
  • As the intensity of competition levels up by a notch in the automotive industry, manufacturers strive to put their best efforts towards enhancing the efficiency, in order to place their products at a distinguished position in the market. This has offered a new tangent to the adoption of cathode for the manufacturing of efficient lithium-ion batteries, for further use in electric vehicles.
  • Sensing the incremental demand for lithium-ion batteries in the future, end-use industries ranging from healthcare, to consumer electronics, and automotive, manufacturers are expending their efforts towards adopting modernized production technologies. The technological modernization will help manufacturers improve the throughput and reposition in the market to balance the demand- supply scales of lithium-ion battery cathode.
  • As consumer electronics and power tools near the stage of ubiquity in the consumer goods space, extended battery life turns out to be an attractive proposition. Lithium-ion battery cathode remains a sought-after solution for the development of batteries with high energy density and thus, greater reliability for consumer electronics.
  • Recent trends pertaining to the recycling of lithium-ion batteries are likely to secure and streamline the supply of otherwise depleting mineral reserves, which is likely to aid manufacturers in meeting the demand for cathode materials for the development of lithium-ion batteries.

lithium ion battery cathode market analysis

Key Challenges Besetting the Growth of Lithium-ion Battery Cathode Market

  • Low competency in terms of excessive heat tolerance will remain the key restraint paling the high popularity of lithium-ion battery cathode, which incites manufacturers to foster innovation in the landscape and move the quality gradient of the lithium-ion battery cathodes to higher scales. Manufacturers of Li-sulfur batteries, however, are likely to claim a share in sales, solely closed by lithium-ion batteries, in light of their lighter weight, lower costs, and capability to store twofold energy, when compared to Li-ion batteries.
  • The production of lithium-ion battery cathodes relies on a streamlined supply of raw minerals and processed functional materials. However, the depletion of mineral reserves in countries, such as India, Philippines, Vietnam, Mexico, Argentina, and Indonesia, is likely to deter the growth of the lithium-ion battery cathode market.

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Additional Insight

Cylindrical Cell to Account for 55% of Overall Sales

Cylindrical cell, used in the lithium-ion battery cathodes, are likely to remain the preferred cell type over its equivalents, as they radiate heat and thus have better control over temperature. Cylindrical cells have tightly-wounded metal-encased electrodes, which control the tattering of electrode material due to mechanical vibrations, making them suitable for lithium-ion battery cathode.

However, polymer cells retain their charge even while aging, which makes them suitable for long-term use. In addition, they weigh lesser than their equivalents, which marks them ideal for integration in a majority of bestselling consumer electronics.

Lithium-ion Battery Cathode Market – Research Methodology

lithium ion battery cathode market taxonomy

This exclusive Fact.MR study offers insight-rich information and actionable intelligence about the growth prospects of the lithium-ion battery cathode market. A systematic approach has been adopted to carry out an in-depth analysis of the key drivers, restraints, opportunities, and threats influencing the growth of lithium-ion battery cathode market over the course of the forecast period 2019-2029.

Primary and secondary research has been conducted in order to obtain exclusive insights into the historical, current, and future trends, driving the growth of the lithium-ion battery cathode market. The secondary research encompasses the study of trade journals, press releases, annual reports, paid resources, and other publications, while the primary research involves data obtained by interviewing industry experts, key opinion leaders, manufacturers, distributors, and market heads.

An Adaptive Approach to Modern-day Research Needs

Fact.MR, in its latest study, offers key insights into the lithium-ion battery cathode market and forecast for the period 2019-2029. Significant drivers, restraints, opportunities, and challenges encircling the lithium-ion battery cathode market have been analyzed in the report.

Chapter 1 – Executive Summary

The study commences with an executive summary that provides an introduction of the lithium-ion battery cathode market. This segment summarizes the statistics, key findings, and key trends observed in the market.

Chapter 2 – Market Overview

The section of the report provides exclusive information on the lithium-ion battery cathode market by defining its taxonomy.

Chapter 3 – Key Market Trends

This chapter of the study assesses and brings to the fore intelligent insights into the key trends shaping the growth of the lithium-ion battery cathode market.

Chapter 4 – Market Background

This chapter provides a comprehensive outlook on the lithium-ion battery cathode market. Several macroeconomic as well as microeconomic growth determinants of the lithium-ion battery cathode market are covered in this section.

Chapter 5 – Key Success Trends

An assessment of the adoption and their usage trends is studied in this report. Various unique selling propositions and features of the products are included in this section.

Chapter 6 – Global Lithium-ion Battery Cathode Market Demand Analysis 2014-2018 and Forecast, 2019-2029

A comprehensive assessment of the historical volume along with the historical, current and future volume has been analyzed in this chapter.

Chapter 7 – Global Lithium-ion Battery Cathode Market Pricing Analysis

In this chapter of the study, regional pricing analysis as well as pricing break-up along with the global average pricing analysis is added in this study.

Chapter 8 - Global Lithium-ion Battery Cathode Demand (US$ Mn) and Volume (Tons) Analysis 2014-2018 and Forecast, 2019-2029

This chapter of the study comprises significant projections made on the current as well as future market value by assessing the Y-o-Y growth and absolute dollar opportunity.

Chapter 9 - Global Lithium-ion Battery Cathode Market Analysis 2014-2018 and Forecast 2019-2029, by Cathode Composition

Depending on the cathode composition, the lithium-ion battery cathode market can be segmented into liquid cobalt oxide, lithium nickel cobalt aluminum oxide, lithium manganese oxide, and lithium nickel manganese cobalt oxide.

Chapter 10 - Global Lithium-ion Battery Cathode Market Analysis 2014-2018 and Forecast 2019-2029, by Cell Type

Based on the cell type, the lithium-ion battery cathode market can be segmented into cylindrical, prismatic, and polymer.

Chapter 11 - Global Lithium-ion Battery Cathode Market Analysis 2014-2018 and Forecast 2019-2029, by End-use Application

Depending on the end-use application, the lithium-ion battery cathode market can be segregated into automotive, consumer electronics, medical devices, and industrial and energy storage.

Chapter 12 - Global Lithium-ion Battery Cathode Market Analysis 2014-2018 and Forecast 2019-2029, by Region

Based on the region, the lithium-ion battery cathode market can be fragmented into North America, the Middle East and Africa, South Asia, Europe, and Latin America.

Chapter 13 - North America Lithium-ion Battery Cathode Market Analysis 2014-2018 and Forecast 2019-2029

The chapter of the study reports pricing analysis and market attractiveness based on the country, cathode composition, cell type, end-use application and region.

Chapter 14 – Latin America Lithium-ion Battery Cathode Market Analysis 2014-2018 and Forecast 2019-2029

The section of the report studies pricing analysis and market attractiveness on the basis of the country, cathode composition, cell type, and end-use application.

Chapter 15 – Europe Lithium-ion Battery Cathode Market Analysis 2014-2018 and Forecast 2019-2029

The chapter of the report studies pricing analysis and market attractiveness depending on the country, cathode composition, cell type, and end-use application.

Chapter 16 – South Asia Lithium-ion Battery Cathode Market Analysis 2014-2018 and Forecast 2019-2029

The section offers key insights into the pricing analysis and market attractiveness based on the country, cathode composition, cell type, and end-use application.

Chapter 17 – East Asia Lithium-ion Battery Cathode Market Analysis 2014-2018 and Forecast 2019-2029

The chapter provides pricing analysis and market attractiveness based on the country, cathode composition, cell type, and end-use application.

Chapter 18 – Oceania Lithium-ion Battery Cathode Market Analysis 2014-2018 and Forecast 2019-2029

The section lends information about the pricing analysis and market attractiveness depending on the country, cathode composition, cell type, and end-use application.

Chapter 19 – Middle East and Africa Lithium-ion Battery Cathode Market Analysis 2014-2018 and Forecast 2019-2029

The section studies the pricing analysis and market attractiveness depending on the country, cathode composition, cell type, and end-use application.

Chapter 20 – Developing Countries Lithium-ion Battery Cathode Market Analysis 2014-2018 and Forecast 2019-2029

The section offers an in-depth pricing analysis and market attractiveness depending on the country, cathode composition, cell type, and end-use application.

Chapter 21 – Market Structure Analysis

Leading and emerging players operating in the market are assessed in this section to understand their share, strategies, developments, and concentration.

Chapter 22 – Competition Analysis

This chapter of the report dives deep into the competitive landscape of the market and offers significant insights into the functioning of each player.

Chapter 23 – Appendix

This section of the report offers acronyms of the key terms used in the study.

Chapter 24 – Research Methodology

This section includes brief information regarding the primary and secondary research methodology adopted to extract key information of the market.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.