Growing Demand for High-Energy-Density Cathodes Drives Growth of Cathode Material Market

Cathode material market is anticipated to grow at a steady CAGR of 15.2% during the forecast period (2024-2031). The demand for high-energy-density cathodes such as lithium nickel cobalt manganese oxide (NCM) and lithium nickel cobalt aluminum oxide (NCA) is driving the expansion of the cathode material market. Investments in R&D, along with the growing adoption of electric vehicles (EVs) and portable electronics, are driving this increased demand for higher-performing and more efficient batteries. As industries and consumers collectively seek longer-lasting and more powerful energy storage solutions, the development and innovations in cathode materials that offer superior energy density and longevity are expected to continue.

Browse the full report description of “Cathode Materials Market Size, Share & Trends Analysis Report by Material (NMC Cathode Materials, Lithium Cathode Materials, Lithium Dioxide Cathode Materials, And Other Cathode Materials (Lithium Sulfur, Sodium Cobalt Oxide)), by Battery Type (Lithium-ion, Lead Acid, Nickel Cadmium, and Others (Zinc Air, Nickel Metal, Solid State)), and by Distribution Channel (Automotive, Consumer Electronics, Energy & Power, Healthcare, and Industrial) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/cathode-material-market

Recent Developments

• In April 2024, Gelion, the Anglo-Australian battery innovator, provided an update on its Next Generation Lithium-Sulfur (Li-S) battery development. Gelion has achieved a significant milestone by creating a 395 Wh/kg lithium-sulfur 9.5 Ah pouch cell, which is a commercial cell format. This represents a roughly 60.0% increase in energy density (lower weight) compared to current lithium-ion batteries, which have an energy density of approximately 250 Wh/kg. Interestingly, Gelion had previously produced 1.0 Ah cells using the OXIS Gen2 cell technology, achieving an energy density of 245 Wh/kg. The accomplishment of 395 Wh/kg is in line with the independent energy density modeling projections for a larger cell format.

• In July 2021, BASF was chosen by Cellforce Group for creating a joint venture between Porsche and Customcells, as the sole cell development partner for its upcoming lithium-ion battery. In this partnership, BASF will supply high-energy HEDTM NCM cathode active materials to help create high-performance battery cells capable of fast charging and high energy density.

Market Coverage

· The market number available for – 2023-2031

· Base year- 2023

· Forecast period- 2024-2031

· Segment Covered- 

o By Material

o By Battery Type

o By End-User

· Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

· Competitive Landscape BASF SE, Ecopro Co., Ltd., POSCO FUTURE M Co., Ltd. Sumitomo Metal Mining Co., Ltd., and Umicore, among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Cathode Material Market Report Segment

By Material

• NMC Cathode Materials

• Lithium Cathode Materials

o Lithium Phosphate (LFP)

o Lithium Cobalt Oxide (LCO)

o Lithium Nickel Manganese Cobalt (NMC)

o Lithium Nickel Cobalt Aluminum (NCA)

o Lithium Manganese Oxide (LMO)

• Lithium Dioxide Cathode Materials

• Other Cathode Materials (Lithium Sulfur, Sodium Cobalt Oxide)

By Battery Type

• Lithium-ion
• Lead Acid
• Nickel Cadmium 
• Others (Zinc Air, Nickel Metal, Solid State)

By End-User

• Automotive
• Consumer Electronics
• Energy & Power
• Healthcare
• Industrial

Global Cathode Material Market Report Segment by Region

North America

· United States

· Canada 

Europe

· UK

· Germany

· Italy

· Spain

· France

· Rest of Europe 

Asia-Pacific

· China

· India

· Japan

· South Korea

· Rest of Asia-Pacific 

Rest of the World

· Latin America 

· Middle East & Africa

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/cathode-material-market