According to Fact.MR, a market research and competitive intelligence provider, the global lithium-ion battery cathode market is projected to reach a valuation of US$ 47.3 billion in 2023, with an anticipated growth at a CAGR of 12.0% from 2023 to 2033.

Lithium-ion batteries are extensively used in applications such as electric vehicles, portable electronics, and energy storage systems. The cathode, a critical component of lithium-ion batteries, plays a vital role in influencing their performance and energy storage capacity.

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Nickel Manganese Cobalt Oxide (NMC) and Lithium Iron Phosphate (LFP) are the two most widely used cathode chemistries in the lithium-ion battery market. LFP offers improved safety and a longer cycle life, making it ideal for use in power tools, energy storage systems, and certain electric vehicles.

As the demand for electric vehicles and long-lasting portable electronics grows, there is a rising need for lithium-ion batteries with higher energy densities. This demand is driving research and development efforts focused on creating new cathode materials or improving existing ones to boost energy density while maintaining safety and durability.

Key Takeaways from Market Study

  • According to Fact.MR, the global lithium-ion battery cathode market was valued at US$ 42.2 billion in 2022.
  • The market is projected to grow at a CAGR of 12.0% over the forecast period, with an expected absolute $ opportunity of US$ 104.6 billion.
  • Historically, the global lithium-ion battery cathode market grew at a rate of around 9.0%.
  • The Asia Pacific region remains the dominant player in the lithium-ion battery cathode market.

“Meeting the Demands of the Energy Revolution by Advancing Cathode Materials for Higher Energy Density Lithium-Ion Batteries while Ensuring Safety and Longevity” says a Fact.MR analyst.

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Key Companies Profiled in this Report

  • BAK Group
  • Hitachi
  • LG Chem
  • Panasonic Corporation
  • Samsung SDI
  • Toshiba Corporation

Market Growth Stratagems

To address the rising demand for lithium-ion batteries, cathode manufacturers are focusing on increasing production capacity and enhancing efficiency. For example, Panasonic Corporation has announced plans to build a new production facility at its Wakayama Factory in Japan to manufacture "4680" lithium-ion batteries for electric vehicles, supporting its global expansion efforts.

Additionally, Daimler Truck AG and battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) have deepened their partnership to promote CO2-neutral electric truck transport. CATL supplies lithium-ion batteries for the Mercedes-Benz eActros LongHaul electric truck, which will begin series production in 2024, with supply commitments extending beyond 2030.

Segmentation of Lithium-ion Battery Cathode Industry Research report

  • By Cell Type :
    • Cylindrical Cell
    • Prismatic Cell
    • Polymer Cell
  • By Battery Type :
    • Nickel Manganese Cobalt Oxide Batteries
    • Lithium Iron Phosphate (LFP)
    • Cobalt Oxide Lithium-Ion Batteries
    • Lithium Titanate Oxide (LTO)
    • Lithium Manganese Oxide Batteries
    • Lithium Nickel Cobalt Aluminum Oxide Batteries
  • By Capacity :
    • 0–3,000 mAh
    • 3,000–10,000 mAh
    • 10,000–60,000 mAh
    • 60,000 mAh and Above
  • By Voltage :
    • Low Voltage (Below 12V)
    • Medium Voltage (12V – 36V)
    • High Voltage (Above 36V)
  • By End-use Industry :
    • Consumer Electronics
    • Automotive
    • Aerospace
    • Marine
    • Medical
    • Industrial
    • Power
    • Telecommunication
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

Read More: https://www.factmr.com/report/3816/lithium-ion-battery-cathode-market

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the lithium-ion battery cathode market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of cell type (cylindrical cell, prismatic cell, and polymer cell), battery type (nickel manganese cobalt oxide batteries, lithium iron phosphate (LFP), cobalt oxide lithium-ion batteries, lithium titanate oxide (LTO), lithium manganese oxide batteries, and lithium nickel cobalt aluminum oxide batteries), capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, and 60,000 mAh and above), voltage (low voltage (below 12v), medium voltage (12v – 36v), and high voltage (above 36v), end-use industry (consumer electronics, automotive, aerospace, marine, medical, industrial, power, and telecommunication), and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, Middle East & Africa).

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