Market Insight-Global Li-ion Battery Ternary Precursor Market Overview 2022

Global Li-ion Battery Ternary Precursor market was valued at USD 10113.01 million in 2021 and is expected to reach USD 36890.12 million by the end of 2028, growing at a CAGR of 16.74% between 2022 and 2028.- Bossonresearch.com

Precursor materials are intermediate products with highly uniform distribution of various elements prepared by solution process can be converted into finished products by chemical reaction and play a decisive role in the performance index of finished products. The cathode material is the key material for lithium ion batteries, and the precursor is an important raw material for the production of lithium ion cathode materials. used for energy storage devices of various new energy vehicles, 3C Electronics, digital cameras, drones, robots, solar energy, wind energy, etc., as well as communication equipment and backup power of such base stations. Li-ion Battery Ternary Precursor are mainly classified into the following types: NMC and NMA type, and NMC type is the most widely used type which takes up about 84% of the total sales in 2021. Li-ion Battery Ternary Precursor have wide range of applications, such as New Energy Vehicles and 3C Electronics. New Energy Vehicles was the most widely used area which took up about 87% of the global total in 2021.
According to Bosson Research, The global Li-ion Battery Ternary Precursor market size is projected to reach US$ 36890.12 Million by 2028, from US$ 10113.01 million in 2021, at a CAGR of 16.74% during 2022-2028.

Driving Factors

The continuous expansion of the new energy vehicle industry

The continuous expansion of the new energy vehicle industry will drive the continuous growth of the ternary precursor market. The rapid growth of downstream applications has created a huge demand for ternary precursors for upstream key materials. The development of new energy vehicles is highly valued, which has formed a consensus on a global scale. Driven by such a consensus, all aspects of the new energy vehicle industry chain are developing rapidly, and the market scale is expanding.

The rapid development of the energy storage market

The energy storage market is a huge and commercialized market. According to GGII statistics, global energy storage lithium battery shipments increased from 7GWh in 2016 to 17GWh in 2019.

Strong demand in consumer electronics market

In the field of consumer electronics, with the rapid popularization of smartphones, tablet computers and smart wearable devices and the rapid growth of shipments, cost-effective lithium batteries have become an important consideration for consumer electronics manufacturers to purchase, making some low-end consumer In the field of electronics, ternary lithium batteries have begun to replace lithium cobalt oxide batteries.

Global Retinal Surgery Devices Market: Competitive Landscape

From a global perspective, the Li-ion Battery Ternary Precursor market is still in fierce competition. In 2021, the CR 5 of the entire industry is 61.70%, and the HHI is 9.13%, both higher than the similar indicators in 2020. This shows that the market concentration is in an increasing trend. At present, the market participants are mainly divided into three echelons according to their income levels. The first echelon is CNGR Corporation and GEM Co., Ltd. Other Li-ion Battery Ternary Precursor market players include Umicore, Zhejiang Huayou Cobalt, Brup Recycling, Jiana Energy, Fangyuan, Kelong New Energy, Ronbay Technology, Zhejiang Power, Tanaka Chemical Corporation, Jinchuan Group, Hunan Changyuan Lico, GanfengLithium and Greatpower Technology.

Key players in the Retinal Surgery Devices Market include:

CNGR Corporation

GEM Co., Ltd

Umicore

Zhejiang Huayou Cobalt

Brunp Recycling

Jiana Energy

Fangyuan

Kelong New Energy

Ronbay Technology

Zhejiang Power

Tanaka Chemical Corporation

Jinchuan Group

Hunan Changyuan Lico

GanfengLithium

Greatpower Technology

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