South Korea Lithium-Ion Battery Market to 2032
Overview
The South Korea Lithium-Ion Battery Market is expected to reach a 847.72 USD Billion by 2032 and is projected to grow at a CAGR of 27.94% from 2025 to 2032.
Revenue, 2024 (USD Billion)
187.97
Forecast, 2032 (USD Billion)
847.72
CAGR, 2024 - 2032
27.94%
Report Coverage
South Korea
South Korea Lithium-Ion Battery Market 2018-2032 USD Billion
South Korea Lithium-Ion Battery Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 187.97 USD Billion
- Projected Market Size (2032): 847.72 USD Billion
- CAGR (2025-2032): 27.94%
Key Findings of South Korea Lithium-Ion Battery Market
- The South Korea Lithium-Ion Battery Market was valued at 187.97 USD Billion in 2024.
- The South Korea Lithium-Ion Battery Market is likely to grow at a CAGR of 27.94% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Active Material in Component Segment accounted for the largest share of the market with a revenue of 118.17 USD Billion
- The fastest growing segment Lithium-Nickel Manganese Cobalt (Li-NMC) in Chemistry Segment grew Fastest with a CAGR of 30.65% during the forecast period from 2024 to 2032.
South Korea Lithium-Ion Battery Market Scope
South Korea Lithium-Ion Battery Market Segmentation & Scope
Recycling Process
- Physical/ Mechanical Process
- Pyrometallurgy Process
- Hydrometallurgical Process
Component
- Non-Active Material
- Active Material
Chemistry
- Lithium-Titanate Oxide (LTO)
- Lithium-Nickel Cobalt Aluminum Oxide (NCA)
- Lithium-Iron Phosphate (LFP)
- Lithium-Manganese Oxide (LMO)
- Lithium Cobalt Oxide (LCO)
- Lithium-Nickel Manganese Cobalt (Li-NMC)
South Korea Lithium-Ion Battery Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 187.97 USD Billion |
| Market Value in 2032 | 847.72 USD Billion |
| CAGR (2025-2032) | 27.94% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Recycling Process,Component,Chemistry |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 187.97 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 187.97 USD Billion in 2024.
Segments and Scope
-
South Korea Lithium-Ion Battery Market to 2032, By Recycling Process
- Hydrometallurgical Process is the largest segment in South Korea Lithium-Ion Battery Market to 2032 with a revenue of 90.18 USD Billion in the year 2024.
- Hydrometallurgical Process is the Fastest growing segment in South Korea Lithium-Ion Battery Market to 2032 with a Growth rate of 29.02 % in forecast period 2025-2032.
-
South Korea Lithium-Ion Battery Market to 2032, By Component
- Active Material is the largest segment in South Korea Lithium-Ion Battery Market to 2032 with a revenue of 118.17 USD Billion in the year 2024.
- Active Material is the Fastest growing segment in South Korea Lithium-Ion Battery Market to 2032 with a Growth rate of 29.23 % in forecast period 2025-2032.
-
South Korea Lithium-Ion Battery Market to 2032, By Chemistry
- Lithium-Nickel Manganese Cobalt (Li-NMC) is the largest segment in South Korea Lithium-Ion Battery Market to 2032 with a revenue of 74.67 USD Billion in the year 2024.
- Lithium-Nickel Manganese Cobalt (Li-NMC) is the Fastest growing segment in South Korea Lithium-Ion Battery Market to 2032 with a Growth rate of 30.65 % in forecast period 2025-2032.
South Korea Lithium-Ion Battery Market Company Share Analysis
| Company Name |
|
||
| Panasonic Corporation | |||
| LG Chem. | |||
| Saft | |||
| Contemporary Amperex Technology Co., Limited | |||
| Lithium Energy Japan | |||
South Korea Lithium-Ion Battery Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Lithium-Ion Battery Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Lithium-Ion Battery Market is segmented based on Segmentation Recycling Process,Component,Chemistry.
South Korea Lithium-Ion Battery Market was valued at USD 187.97(Revenue in USD Billion) in 2021.
South Korea Lithium-Ion Battery Market is projected to grow at a CAGR of 27.94% during the forecast period of 2024 to 2032.
The Active Material segment is expected to dominate the South Korea Lithium-Ion Battery Market, holding a largest market share of 118.17 USD Billion in 2024
South Korea Lithium-Ion Battery Market Scope
South Korea Lithium-Ion Battery Market Segmentation & Scope
Recycling Process
- Physical/ Mechanical Process
- Pyrometallurgy Process
- Hydrometallurgical Process
Component
- Non-Active Material
- Active Material
Chemistry
- Lithium-Titanate Oxide (LTO)
- Lithium-Nickel Cobalt Aluminum Oxide (NCA)
- Lithium-Iron Phosphate (LFP)
- Lithium-Manganese Oxide (LMO)
- Lithium Cobalt Oxide (LCO)
- Lithium-Nickel Manganese Cobalt (Li-NMC)
Frequently Asked Questions
The South Korea Lithium-Ion Battery Market is segmented based on Segmentation Recycling Process,Component,Chemistry.
South Korea Lithium-Ion Battery Market was valued at USD 187.97(Revenue in USD Billion) in 2021.
South Korea Lithium-Ion Battery Market is projected to grow at a CAGR of 27.94% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Lithium-Ion Battery Market for final year is USD 847.72 (USD Billion).
South Korea Lithium-Ion Battery Market Company Profiling
Frequently Asked Questions
The South Korea Lithium-Ion Battery Market is segmented based on Segmentation Recycling Process,Component,Chemistry.
South Korea Lithium-Ion Battery Market was valued at USD 187.97(Revenue in USD Billion) in 2021.
South Korea Lithium-Ion Battery Market is projected to grow at a CAGR of 27.94% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Lithium-Ion Battery Market for final year is USD 847.72 (USD Billion).
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