Cathode Materials Market for Next-Gen EV Batteries Business Growth, Outlines Revenue US$ 76.99Bn by 2031 | Most Lading Companies - Ademco Global, Aethon, ABB Group, Amazon Web Services Inc., Beetl Robotics, Berkshire Grey Inc

The Global Cathode Materials Market size was worth US$ 28.56 billion in 2023 and is estimated to reach US$ 76.99 billion by 2031, growing at a CAGR of 13.2 % during the forecast period (2024-2031).

Cathode Material Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Cathode materials are essential components of lithium-ion batteries, serving as the positive electrode where lithium ions are stored during discharge. These materials significantly influence a battery's energy density, voltage, cycle life, and safety. Common types include lithium cobalt oxide (LCO), lithium iron phosphate (LFP), and nickel manganese cobalt (NMC).

List of the Key Players in the Cathode Material Market:

Ademco Global, Aethon, ABB Group, Amazon Web Services Inc., Beetl Robotics, Berkshire Grey Inc., Cobalt Robotics, CYBERDYNE Inc., Fanuc Corporation, iRobot Corporation, inVia Robotics, Kongsberg Maritime, KUKA AG, Locus Robotics, Northrop Grumman, RedZone Robotics, Relay Robotics, Yaskawa Electric Corporation.

Industry Development:

February 2024 - POSCO unveiled plans to build the world's largest battery cathode material production complex in Gwangyang, South Korea. The facility, aimed at manufacturing materials for nickel-cobalt-aluminum (NCA) batteries, will boast an annual capacity of 52,500 tons.

December 2023 - LG Chem began construction on what is set to become the largest cathode plant in North America, located in Tennessee, USA, with a projected yearly output of 60,000 tons.

October 2023 - Umicore announced an expansion of its EV battery material production capabilities by boosting output for both cathode active materials (CAM) and precursor cathode active materials (PCAM) at its Ontario, Canada facility.

April 20, 2023 - OCSiAL launched two high-concentration graphene nanotube solutions tailored for both anode and cathode battery applications. These nanotubes are designed to be cost-effective and sustainable, incorporating multiwall carbon nanotubes and carbon black.

May 1, 2023 - Cabot Corporation introduced ENTERATM aerogel particles, a breakthrough thermal management solution for lithium-ion batteries. These ultra-thin thermal barriers are aimed at enhancing safety and performance in electric vehicles.

May 22, 2023 - Gotion High-tech, a China-based battery tech firm, revealed the L600 Astroinno battery cell pack, marking the launch of the first non-NCM battery capable of delivering a driving range of up to 1,000 kilometers

Growth Forecast Projected:

The Global Cathode Material Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Cathode Material Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Cathode Material Market:

By Battery: Lithium-ion, Lead-acid, Others

By Material: Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Nickel Manganese Cobalt (NMC), Lithium Nickel Cobalt Aluminum (NCA), Lithium Manganese Oxide (LMO), Lead-Dioxide, Others

Regional Analysis for Cathode Material Market:

The regional analysis of the Cathode Material Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Cathode Material market?

➠ Who are the leading manufacturers in the global Cathode Material industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Cathode Material industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Cathode Material market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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