Cathode Materials Market Size worth $28.41 Billion by 2026 | Global Key Players - Umicore, Toda Kogyo, Sumitomo Corporation, Showa Denko, Pulead Technology Industry, Posco

Market Highlights:

Global Cathode Materials market is accounted for $15.19 billion in 2017 and is expected to reach $28.41 billion by 2026 growing at a CAGR of 7.2% during the forecast period. The growth of this market is mainly driven by increasing demand for consumer electronics, increasing adoption of Lithium-ion cathode technology in the renewable energy industry and advancements in the batteries for energy storing devices. However, Safety issues related to cathode materials is hampering the market growth.

Cathode materials are more often used in the batteries along with several other carbon related cathodes such as carbon nano tubes (CNT), carbon nanofiber, and mesocellular carbon foam. It enhances the decomposition of electrolyte in discharging battery.

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Top Industry Players:

Some of the keyplayers of the market are Umicore, Toda Kogyo Corp., Sumitomo Corporation, Showa Denko, Pulead Technology Industry, Posco, Nichia Corporation, Nei Corporation, Mitsui Mining & Smelting Company, Mitsubishi Chemical Holdings, L&F, Kureha Corporation, Johnson Matthey, Hitachi Chemical, Gravita India, DOW Chemical, BASF, and 3M

What our report offers:

- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Market Segments:

On the basis of material, Li-Ion Cathode materials widely compelled as the power or energy maker for everything from portable electronics to electric vehicles. Cathode materials have a tendency of undergoing oxidation/reduction reactions using electrochemical systems by allowing a spontaneous oxidation reaction at the surface while sending electrons to the positive electrode through an external circuit, causing a reduction reaction.
Asia pacific is currently the largest market and is expected to dominate over the forecast period owing to its demand from various verticals for battery energy systems and the increasing battery consumers and also driven by growing demand for electrified vehicles, including BEVs, PHEVs, and HEVs.
Materials Covered:
• Active materials
• Binders
• Foils
• Li-Ion Cathode Materials
• Lead-Acid Cathode Materials
• Other Cathode Materials
Battery Types Covered:
• Li-Ion
• Lead-Acid
• Other Battery Types
Applications Covered:
• Electronics
• Energy Storage System
• Power Tools
• Automotive

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This release was published on openPR.