Global Cathode Materials Market, By Battery Type (Lead-Acid, Lithium-ion, Others), By Material (Lithium-ion, Lead-acid, Others), By Application (Electronics, Energy Storage System, Automotive, Power Tools, Others) By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Cathode Materials Market
The Global Cathode Materials Market is expected to reach USD 24.50 billion by 2025, from USD 15.07 billion in 2017 growing at a CAGR of 6.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Cathode Materials Market
A battery is a product that is able to stock electrical energy in the form of chemical energy and then convert into electricity whenever needed. It has three main components such as anode, cathode, and electrolyte. The cathode is a negatively charged metal electrode out of which conventional current travels in a polarized electrical device. It is a negative electrode in an electrolytic cell, toward which positively charged particles are attracted. The cathode has a negative charge as it is associated to the negatively charged end of an outer power supply. Power storage will be a vast market because of the growing demand for smart devices and other consumer electronics. Increasing demand for fuel and reduction in the price of Li-ion batteries has also encouraged automobile manufacturers to invest more in electric vehicles. As per the GSM Association Report , in 2014, the number of mobile subscriber around the world rose up from 2.30 billion in 2008 to 3.5 billion and was expected to grow by 3.9 billion in 2017. The growth of mobile devices is even more dramatic as many people have more than one cell phone, tablet or smartphone. According to International Energy Agency (IEA), in 2016, registrations for the electric vehicle hit the record of 750 thousand sales globally, with a market share of 29.0%. Furthermore, Norway has achieved the most successful positioning of electric cars across the globe in terms of market share. It is followed by the Netherlands, with a 6.4% electric car market share and Sweden with 3.4%. China, France and the United Kingdom all have market shares nearly to about 1.5%. Also, in 2016, China was the biggest electric car market, representing over 40.0% of the electric cars sales in the world and twice the amount sold in the U.S. The above factor proves that the market of electric vehicle and devices around the globe is growing and will drive the demand for the cathode material.
- Increase in demand for electric vehicle
- Rising demand for consumer electronics
- High demand in the renewable energy industry.
- Strict attention for the safety requirement for cathode material during operation
- Safety issue related to storage and transportation.
Segmentation: Global Cathode Materials Market
- Lithium Iron Phosphate
- Lithium Cobalt Oxide
- Lithium Nickel Manganese Cobalt
- Lithium Nickel Cobalt Aluminium
- Lead Dioxide
- Energy Storage System
- Power Tools
- North America
- South America
- Middle East & Africa
Competitive Landscape: Global Cathode Materials Market
The global cathode materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cathode materials market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Cathode Materials Market
The key players operating in the cathode materials market are –
- Mitsubishi Chemical Holdings Corporation
- Johnson Matthey
The other players in the market are BASF SE, Hitachi Chemical Co., Ltd, KUREHA CORPORATION, Sumitomo Corporation, Mitsui Mining & Smelting Co.,LTD., SHOWA DENKO K.K., The Dow Chemical Company, NICHIA CORPORATION, TODAKOGYO CORP, NEI Corporation, Nexeon Limited, Toda Kogyo Corp, Nichia Corporation, Sustainable Enterprises Media, Inc., Ube Industries, Nexeon Limited, Pulead Technology Industry, Asahi Kasei Corporation and many more.
Research Methodology: Global Cathode Materials Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the cathode materials market
- Analyze and forecast the cathode materials market on the basis of type, material, and application
- Trends of key regional and country-level markets for type, material, and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis