Lithium-ion Battery Materials Market 2019-2025 Analysis & Top Key Players are - Samsung SDI, LG Chem, SONY, ATL, Tesla, Sanyo, Lishen, Coslight, BYD, Maxell, BAK, NEC & GS Yuasa

The global lithium-ion battery materials industry is projected to reach USD 26.45 billion by 2025 driven primarily by the end-user industries such as automotive and consumer electronics. The lithium-ion battery is witnessing the highest growth amongst all the battery type and is expected to show a similar trend over the estimated period. Lithium-ion battery chemistry is already competing comprehensively with traditional battery type, such as lead-acid battery type. Furthermore, currently, lithium-ion battery accounts for 60%-70% of the total battery market and is projected to reach 80% by the end of 2025.

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The global lithium-ion battery market stood around 50 GWh a decade ago and is estimated to surpass 250 GWh by the end of 2025. Falling prices of the lithium-ion cell have made this battery type the primary choice of many automotive and consumer electronics manufacturers across the globe. Furthermore, high rivalry in this market is expected to lower the price in terms of cost per kilowatt hour (kWh) which will add in the growth of lithium-ion battery materials market.

Lithium-ion battery material market that was primarily predominant by consumer electronics segments, such as mobile phones, portable PC’s, tablets, and power tools is now witnessing a paradigm shift to automotive, such as EV's, HEV’s, and PEV’s. Automotive segment dominated the application market lithium-ion battery material in 2017 and is estimated to reach 48% by the end of 2025, growing at the fastest CAGR. Grid energy storage is also expected to witness lucrative growth over the foreseeable future, particularly in the telecom sector. Consumer electronics is projected to witness optimistic growth owing to demand portable energy storage devices from economies, such as China, India, and Japan.

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In terms of region, Asia Pacific dominated the global lithium-ion battery material market share in 2017. Asia Pacific accounted for a market revenue share of 82.8% in the year 2017 and is estimated to be the global leader by the end of 2025. With China dominating the battery production and taking control of intermediary stages in the lithium battery supply chain, no wonder Asia Pacific dominating the global battery production. At present, China holds nearly 75% cathode materials, 63% of anode materials, 75% of electrolyte supply and 40% separators share in the global lithium-ion battery material market.

Raw material manufacturing companies supply their product to lithium-ion battery manufacturers through distribution channels where it is used for different applications across various industries such as automotive, energy storage, and consumer electronics among others. The distributors are responsible for increasing the product reach and supply to different areas through original equipment manufacturers and aftermarket. Apart from this, distributors supply to aftermarkets. The product is then offered to companies that purchase lithium-ion batteries. There are certain trends of integration across the lithium-ion battery market. Some of the battery manufacturers are also in the lithium resource mining to cater to the requirement for raw material. For instance, in the year 2016, BYD signed an agreement to build a lithium resource mining plant in west China’s Salt Lake.

Leading lithium-ion battery manufacturers are Samsung SDI, LG Chem, SONY, ATL, Tesla, Sanyo, Lishen, Coslight, BYD, Maxell, BAK, NEC, and GS Yuasa. Additionally, battery component suppliers play an important role in the global lithium-ion battery materials industry.

Key segments of the global lithium-ion battery materials market

Material Overview, 2015-2025 (USD Million)

Cathode
• Lithium-cobalt-oxide battery (LCO)
• Lithium-iron-phosphate battery (LFP)
• Lithium-nickel-manganese-cobalt-oxide battery (NMC)
• Lithium-manganese -oxide battery (LMO)
• Lithium-nickel-cobalt-aluminum-oxide battery (NCA)
• Lithium Titanate Battery

Anode
• Natural graphite
• Synthetic graphite
• Others
Application Overview, 2015-2025 (USD Million)
• Automotive
• Grid Energy Storage
• Consumer Electronics
• Others

Vendor Landscape
• Umicore
• Panasonic Corporation
• Asahi Kasei Corporation
• Sumitomo Corporation
• Toray Industries, Inc.
• LG Chem
• Showa Denko K.K.
• Kureha Corporation
• Mitsubishi Chemical Holdings Corporation
• Hitachi Chemical Company, Ltd.
• Targray Technology International, Inc.
• Contemporary Amperex Technology Co., Limited

What does the report include?
• The report on the global lithium-ion battery materials market provides a holistic view of materials as the battery and its application/end-use industries
• We have analyzed the market by applying various analytical models including value chain and Porter’s Five Forces. Market dynamics such as drivers, restraints, and opportunities have also been discussed in the study.
• Details of Li-battery process mapping such as process chain and single production process steps for cathode/anode production, market categorization based on single production process steps, coating process in lithium battery manufacturing, and major suppliers companies for single production process step have been provided in the study
• Detailed information of key players has been included in the study along with the market share of leading participants

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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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