Increasing demand for the lithium ion battery is expected to drive the cathode materials market

Author: Harsh Prakash

Increasing demand for lithium-ion batteries are expected to drive the cathode materials market. According to the upcoming report by Quince Market Insights, the growing use of lithium-ion batteries in electric vehicles, energy storage systems, and other portable devices is key to the growth of cathode materials market. Lithium-ion and lead-acid batteries constitute nearly 95% of the total rechargeable battery market. The cathode material is the key constituent of lithium-ion, lead acid, and other battery types. Cathode materials are a major contributor to the overall battery cost. Major types of cathode materials include LCNA (lithium cobalt nickel aluminum oxides), LCO (lithium cobalt oxides), LMO (lithium manganese oxide), LFP (lithium iron phosphate), LNMC (lithium nickel manganese cobalt), lead-acid cathode materials, nickel-based cathode materials and others. Growing demand for energy storage systems and portable systems due to energy shortages is another key factor driving the cathode materials market. The upcoming report from Quince Market Insights focus on these key impact factors influencing the market along with identifying major segments, and companies operating in the market. The study is designed to provide a holistic view for cathode materials market with a forecast to 2028. The study has been designed to provide a broad scope to cover every possible segment influencing the cathode materials market.

Some of the key Impact Factors:

  • Use of batteries in energy storage devices
  • Innovation and technology advances in lithium-ion battery cathode materials
  • High demand for lithium-ion cathode technology in the renewable energy industry

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Major companies operating in the cathode materials market include:

Umicore N.V.

3M

Mitsubishi Chemical Holdings Corporation

POSCO Co., Ltd.

Johnson Matthey

Hitachi Chemical Company, Ltd

Kureha Corporation

Sumitomo Corporation

Toda Kogyo Corp.

Mitsui Mining & Smelting

Major segments for cathode materials market include:

By Material:

  • Lithium Iron Phosphate (LFP)
  • Lithium Cobalt Oxide (LCO)
  • Lithium Nickel Manganese Cobalt (LNMC)
  • Lithium Manganese Oxide (LMO)
  • Lithium Nickel Cobalt Aluminium (LNCA)
  • Lead Acid Cathode Materials
  • Nickel-Based Cathode Materials

By Battery Type:

  • Lead Acid
  • Lithium Ion
  • Others

This upcoming study will be published shortly with a focus on the key stakeholders in the market. Regions covered in the study include North America, Asia-Pacific, Western Europe, Eastern Europe, Middle-East, and Rest of the World.

Prebook the study for 10% discount: https://quincemarketinsights.com/insight/buy-now/global-cathode-materials-market

About Quince Market Insights:

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth opportunities in strategic future. We are a dedicated team of analysts with a strong base in technical expertise as well as a thorough understanding of the market dynamics. Some of key areas expertise includes chemicals, advanced materials, construction, mining, food & agriculture, automotive, machines & equipment, and others. We analyze emerging trends in relatively nascent markets that promise high growth opportunities in the future.

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