Press release
Lithium Nickel Cobalt Manganese Oxide Market Size, Share, Development by 2023
Lithium nickel cobalt manganese Oxide short form: NMC (NCM, CMN, CNM, MNC, MCN similar with different metal combinations) is kind of anode materials, which is mainly used to manufacture energy cells or power cells. This materials combines the lithium cobalt oxide is known for its high specific energy but poor stability; lithium manganese oxide has the benefit of forming a spinel structure to achieve low internal resistance but offers a low specific energy. Lithium nickel cobalt manganese oxide combining the metals enhances each other strengths.
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Global Lithium Nickel Cobalt Manganese Oxide Market: Forecast by Type / Application / Region
Global demand of lithium nickel cobalt manganese oxide will increase to 75610 MT in 2015 from 21031 MT in 2010. It is estimated that supported by downstream industries, global demand of lithium nickel cobalt manganese oxide demand will keep increasing with an average growth rate of 29.53% in the coming five years. In addition, similar with that of globe, the demand of lithium nickel cobalt manganese oxide in China will increase from 5303 MT in 2010 to 27997 MT in 2015, accompanied with an average demand growth of 40.19% in the coming five years.
China, Japan and Korea, accounting for 87.5% production share in 2014, are three main producing countries which dominant not only lithium nickel cobalt manganese oxide, but also cathode material, even lithium battery. Umicore, NICHIA CORPORATION, L&F, Shanshan Advanced Materials are the main lithium nickel cobalt manganese oxide manufacturers in the world.
Lithium nickel cobalt manganese oxide produced battery materials for small mobile devices at first. With the Promoting the development and using of new energy by countries, battery materias for EV of Large-scale LIB grows quickly in recent years, and will be the main development tendency.
Compared with foreign giants, lithium nickel cobalt manganese oxide produced by Chinese manufacturers still has a certain gap. Chinese lithium nickel cobalt manganese oxide manufacturers are dedicated to improving their technology and narrowing down the performance gap with foreign giants.
We tend to believe that this industry still has a bright future, considering the current demand of lithium nickel cobalt manganese oxide. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
Over the next five years, LPI(LP Information) projects that Lithium Nickel Cobalt Manganese Oxide will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Lithium Nickel Cobalt Manganese Oxide Market: Key Players
Umicore
NICHIA CORPORATION
Tanaka Chemical
L&F
3M
TODA KOGYO CORP
BASF
AGC SEIMI CHEMICA
Shanshan Advanced Materials
Jinhe New materials
CEC
Xiamen Tungsten
Tianli
Easpring Material Technology
Kelong NewEnergy
Tianjiao Technology
Changyuan Lico
STL
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Related Information:
United States Lithium Nickel Cobalt Manganese Oxide Market Research Report 2018
Europe Lithium Nickel Cobalt Manganese Oxide Market Research Report 2018
North America Lithium Nickel Cobalt Manganese Oxide Market Research Report 2018
Asia-Pacific Lithium Nickel Cobalt Manganese Oxide Market Research Report 2018
China Lithium Nickel Cobalt Manganese Oxide Market Research Report 2018
EMEA Lithium Nickel Cobalt Manganese Oxide Market Research Report 2018
Global Lithium Nickel Cobalt Manganese Oxide Market Research Report 2018
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