Market Scenario:
A battery stores energy in the form of chemical energy, which is converted into electricity whenever needed. The battery components include anode, cathode, and electrolyte. The use of cathode materials is increasing in lithium-ion batteries and energy storage systems due to immense popularity and rising demand for electric vehicles.
Cathode materials are essential components of any general battery which find various applications in automotive, electronics, aerospace, and marine industries. Moreover, lithium-ion batteries possess greater energy density, high performance, a large flow of discharge, ease of storage, durable, and is environment-friendly as compared to traditional batteries.
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The growing use of electric vehicles and portable electronic devices is likely to drive the cathode materials market during the forecast period, owing to use of cathode materials in lithium-ion batteries, energy storage systems, and portable power supply.
The enhanced compatibility and durability of lithium-ion batteries have led to the increase in demand, which, in turn, fuels the demand for cathode materials. The automotive industry is likely to drive the demand for cathode materials as automobile manufacturers have started focusing on electric vehicles, as both developed and developing nations have taken initiatives toward a greener environment and reduced CO2 emissions.
Competitive Ananlysis:
Some of the key players in the global cathode materials are Umicore (Belgium), 3M (US), Mitsubishi Chemical Holdings (Japan), POSCO (South Korea), Johnson Matthey (UK), Hitachi Chemical Co., Ltd. (Japan), Kureha Corporation (Japan), Sumitomo Corporation (Japan), Todakogyo Corp (Japan), and Mitsui Mining & Smelting (Japan). NEI Corporation (US), Targray Technology International Inc. (Canada)
Global Cathode Materials Market Segmentation:
Global Cathode Materials Market has been segmented by materials, end user, and region.
On the basis of materials, the market has been segmented into lithium nickel manganese cobalt (Li-NMC), lithium nickel cobalt aluminum (Li-NCA), lithium cobalt oxide (LCO), lithium manganese oxide (LMO), and lithium iron phosphate (LFP).
The lithium cobalt oxide segment accounted for the largest share of the cathode materials market in 2017, and is expected to grow at a considerable rate during the review period. In LCO, the cathode material contains 60% cobalt and accounts for 50% of the weight of the cathode. The use of LCO is increasing in portable devices, such as cell phones, tablets, laptops, and cameras, owing to its superior property, such as high energy density. Thus, the increasing spending on consumer electronics, in both developed and developing countries, is expected to drive the demand for cathode materials during the forecast period.
The lithium nickel manganese cobalt oxide (NMC) segment accounted for the second largest market share globally,. NMC has a higher specific power and long-life, due to which it is used in power tools, e-bikes, and electric vehicles. NMC batteries have a high cycling rate, and with combined high capacity and high power, NMC is ideally suitable for use in new generation electric vehicles. Moreover, it has the lowest self-heating rate among the different types of lithium-ion batteries.
Based on enduser, the market has been segmented into power tools, automotive, medical equipment, and consumer electronics products. The consumer electronic product segment accounted for the largest market share in 2017, owing to the growing demand for home electronics, gaming, , and outdoor electronics. The demand for automotive is rising with the increasing production of electric vehicles due to stringent government regulations to reduce PM2.5 and CO2 emissions.
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Regional Analysis:
Based on region, the cathode materials market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-Pacific accounted for the largest share in 2017, due to the presence of a large number of industries in developing nations, such as India and China. increasing pollution have raised the concern for a clean and efficient substitute, from fuel vehicle to electric vehicles, which is expected to drive the growth of the cathode materials market.
North America is a prominent market for cathode materials, owing to the surging demand for transportation sector, especially the public transport is expected to fuel the demand for cathode material . The European cathode materials market is expected to grow due to the rising demand in major end-use industries, such as automotive, aerospace, and electronics. Growing demand for automobiles with high energy efficiency due to concern for changing climate conditions is expected to impact the market growth positively. The markets in the Middle East & Africa and Latin America are expected to exhibit considerable growth during the review period. Growing awareness about hybrid car benefits in the Middle East is boosting the market growth in the region. In June 2015, Nissan launched a Nissan Pathfinder Hybrid, providing the Middle East customers with an eco-friendly sport-utility vehicle. The growing demand for electric vehicles in Argentina, Brazil, and Mexico is expected to fuel the demand for cathode materials in latin America.
Intended Audience
- Cathode materials manufacturers
- Traders and distributors of elastomeric foam
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End User
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Market Dynamics Of Global Cathode Materials Market
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