Cathode Materials Market Trends – Growing demand for lithium-ion batteries based on cathode materials in automotive industries.
VANCOUVER, BC, CANADA, April 5, 2022 /EINPresswire.com/ — The Global Cathode Materials Market research study published by Emergen research is a vast collection of material industry relevant information cathodic. The report covers the Cathode Materials market segmentation along with a detailed overview of the Cathode Materials market size in terms of volume and valuation. The report provides complete coverage of Cathode Materials market scenario for the current period and forecast time frame from 2020-2027. The Cathode Materials Market report contains an in-depth analysis of historic, current, and forecast revenue for each vertical, segment, end-use industries, applications, and regions.
The cathode materials market is expected to be worth USD 27.84 billion in 2027, according to a new report from Emergen Research. The growth of this market can be attributed to the growing demand for electronic vehicles in developing economies. The increasing use of lightweight and rechargeable batteries in consumer electronics is expected to drive demand for the product.
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The growing demand for uninterruptible power supply systems for industrial operations in the manufacturing or chemical, or oil and gas industries is driving the increasing use of lithium-ion batteries based on cathode materials. The current trend of energy conservation and increasing preference for renewable battery energy over fuel energy is a major factor contributing to the development of the industry.
The Cathode Materials Market research report is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. Relevant data is then validated and verified by industry professionals. The report endeavors to offer deeper insights into the overall market scenario of the Cathode Materials business sphere.
The global cathode materials market has been categorized based on key geographical regions in North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. It assesses the Global Cathodes Materials Market presence in major regions with respect to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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Major participants include BASF SE, Mitsubishi Chemical Corporation, 3M, Umicore, POSCO, Hitachi Chemical Co., Ltd, Johnson Matthey, Mitsui Mining & Smelting Co., Ltd, Sumitomo Metal Mining Co. Ltd, and Kureha Corporation, among others.
In 2018, Hitachi Chemical Co., Ltd entered into a licensing agreement with Silatronix, Inc. to extend lithium-ion battery life and improve battery storage stability at elevated temperatures.
Lead dioxide held the largest market share of 32.3% in 2019 due to increasing investments in research and development by cathode material manufacturers.
Lead-acid battery is expected to grow with the fastest CAGR of 6.2% over the forecast period, as lead-acid batteries generate recyclable and renewable energy and reduce CO2 emission levels.
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Emergen Research has segmented the global cathode materials market based on material, battery type, application, and region:
Material Outlook (Revenue, USD Billion; 2017-2027)
lithium manganese oxide
Lithium cobalt oxide
Lithium Nickel Manganese Cobalt Oxide
lithium iron phosphate
Lithium-Nickel-Cobalt Aluminum Oxide
Other cathode materials
Battery Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
The rest of Europe
Rest of APAC
Rest of LATAM
United Arab Emirates
Rest of MEA
Cathode Materials Market Report Overview:
Introduction, Product Scope, Market Overview and Opportunities
Manufacturers Analysis with Sales, Revenue and Price Analysis
Complete analysis of the competitive landscape
Detailed profiling of key competitors along with their business strategies and market size
Regional market analysis along with sales, revenue, market share and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, constraints and limits of the cathode materials industry
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