Advancements in Cathode Materials: Driving the Next Generation of Batteries
The global Cathode Materials market is projected to grow from USD 25.9 billion in 2022 to USD 52.6 billion by 2027, at a CAGR of 15.2% during the forecast period. Growing demand for batteries in electric vehicles and consumer electronics and the growing usage in energy storage devices is expected to drive the market during the forecast period. the reports 2025 research report offers an analytical view of the industry by studying different factors like cathode materials market growth, consumption volume, Market Size, Revenue, Market Share, Market Trends, and Tank Farm Automation Systems industry cost structures during the forecast period.
The lead dioxide cathode materials segment is estimated to account for the largest share of the cathode materials market in 2021.
By materials type, the lead dioxide cathode materials segment is estimated to account for the largest share of the cathode materials market in 2021. In lead-acid batteries, lead dioxide is the active material used as cathode. This material type segment has accounted largest share due to the demand of lead-acid batteries in various applications. The biggest advantage of lead-acid batteries over competing technologies is cost. It is less expensive than the other battery types that are being developed for high performance vehicles.
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The lead-acid segment is estimated to account for the largest share of the cathode materials market in 2021.
By battery type, the lead-acid segment accounted for the largest share of the cathode materials market in 2021. The lead-acid battery is one of the widely used battery types. These batteries find applications in automobiles, defense, communications, UPS Systems, among others. The lead-acid battery has seen numerous technological advancements over the years, which have enhanced its performance.
The automotive segment is estimated to account for the largest share of the cathode materials market in 2021.
By end-use, the automotive segment accounted for the largest share of the cathode materials market in 2021. Lead-acid battery is the most used battery in the automotive sector. The growing demand for EVs has increased the demand for lithium-ion batteries in this sector hence creating the demand for cathode materials.
Asia Pacific is estimated to account for the largest share of the global cathode materials market in 2021
The Asia Pacific region accounted for the largest share of the cathode materials market in 2021. Asia Pacific region is a hub for various growing manufacturing industries such as automotive, consumer electronics and others. Cathode materials are widely used in these industries, and their growth helps to contribute to the larger demand for cathode materials in the region.
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Cathode Materials Companies
Umicore (Belgium), POSCO (South Korea), BASF (Germany), Hitachi Chemical (Japan), Sumitomo Metal Mining Co., Ltd. (Japan), Mitsui Mining & Smelting Co., Ltd. (Japan), Showa Denko (Japan), Nichia Corporation (Japan), L&F Co Ltd (South Korea), Pulead Technology Industry (China), TODA KOGYO CORP.(Japan), NEI Corporation (USA), Gravita India (India), Ascend Elements Inc (US), LG Chem (South Korea), American Elements (US), Zhejiang Huayou Cobalt (China), Shenzhen Dynanonic Co., Ltd. (China), Ningbo Shanshan Co., Ltd. (China), and EV Metals Group (Australia) are some of the leading players operating in the cathode materials market. These players have adopted the strategies of expansions, new product development, partnership, and joint ventures to enhance their position in the market are some of the leading players operating in the cathode materials market.
Umicore, a global materials technology and recycling group, provides rechargeable battery materials and hi-tech materials, including emission control and fuel cell catalysts. The company operates through three business groups: recycling, catalysis, and energy & surface technologies. The energy & surface technologies group comprises business units such as cobalt & specialty materials, rechargeable battery materials, metal deposition solutions, and electro-optic materials. In 2017, Umicore acquired NMC battery material patents from 3M. It has a strong global presence with operations in 30 countries across Europe, North America, South America, Asia Pacific, and Africa. Furthermore, the company operates three R&D centers for battery materials, along with cathode material production plants in Asia and Europe.
Another important player in the global cathode materials market is POSCO. POSCO is among the leading producers of steel in the world. The company manufactures and sells a diversified line of steel products, including cold-rolled and hot-rolled products, stainless steel products, plates, wire rods, and silicon steel sheets. The company operates through four business segments, namely, steel, trade, construction, and others. It caters to customers from manufacturing industries that consume steel, including automotive, shipbuilding, home appliance, engineering, and machinery industries.
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POSCO Chemical offers products and services such as battery materials, advanced chemical materials, and basic industrial materials for a wide range of applications, including electric vehicles, IT devices, electric machines, plasticizers, manufacture of benzene, toluene, xylene, and others. The company operates in Europe, Asia Pacific, the Middle East & Africa, South America, and North America.
Key Benefits for Stakeholders:
⏩ The study represents a quantitative analysis of the present Cathode Materials Market trends, estimations, and dynamics of the market size from 2022 to 2027 to determine the most promising opportunities.
⏩ Porter's five forces study emphasizes the importance of buyers and suppliers in assisting stakeholders to make profitable business decisions and expand their supplier-buyer network.
⏩ In-depth analysis, as well as the market size and segmentation, help you identify current Cathode Materials Market opportunities.
⏩ The largest countries in each region are mapped according to their revenue contribution to the market.
⏩ The Cathode Materials Market research report gives a thorough analysis of the current status of the Cathode Materials Market's major players.
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