Cathode Materials Market Overview, Industry Trends and Growth Opportunities to 2027 | Says EMERGEN RESEARCH
Cathode Materials Market Trends – Growing Demand for Cathode Material Based Lithium Ion Batteries in Automotive Industries
VANCOUVER, BC, CANADA, January 17, 2022 /EINPresswire.com/ — The Global Cathode Materials Market is expected to be worth $27.84 billion in 2027, according to a new report from Emergen Research. The growth of this market can be attributed to the growing demand for electronic vehicles in developing economies. The increasing use of lightweight and rechargeable batteries in consumer electronics is expected to drive demand for the product.
The report aims to offer a clear understanding of the market with respect to manufacturers, suppliers, vendors, distributors and major companies involved in the market. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals. The main conclusions of the report have
The growing demand for uninterruptible power supply systems for industrial operations in the manufacturing or chemical, or oil and gas industries is driving the increasing use of lithium-ion batteries based on cathode materials. The current trend of energy conservation and increasing preference for renewable battery energy over fuel energy is a major factor contributing to the development of the industry.
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The increase in government initiatives through strict rules and regulations to reduce CO2 emissions and increase the adoption of electric vehicles is a strong supporting factor for the industry. Incentives such as tax cuts and special benefits in new car registration for electric vehicles will surely propel the future growth of the industry.
The research study presents an industry-wide summary of the Cathode Materials Market including drivers, restraints, technological advancements, product developments, limitations, growth strategies, future prospects, growth, etc. The Global Cathode Materials research report is an investigative study of the market that offers key statistical data regarding market size, market share, revenue growth, and CAGR over the forecast period 2021-2028.
In 2018, Hitachi Chemical Co., Ltd entered into a licensing agreement with Silatronix, Inc. to extend lithium-ion battery life and improve battery storage stability at elevated temperatures.
Lead dioxide held the largest market share of 32.3% in 2019 owing to increasing investments in research and development by cathode material manufacturers.
Lead-acid battery is expected to grow with the fastest CAGR of 6.2% over the forecast period, as lead-acid batteries generate recyclable and renewable energy and reduce CO2 emission levels.
The automotive segment led the market with a share of 42.4% in 2019 owing to the reduction in the price of lithium-ion batteries and the shift in preference of automotive industries towards the application of sustainable and clean fuel.
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate agreements, among others. The report further offers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Major participants include BASF SE, Mitsubishi Chemical Corporation, 3M, Umicore, POSCO, Hitachi Chemical Co., Ltd, Johnson Matthey, Mitsui Mining & Smelting Co., Ltd, Sumitomo Metal Mining Co. Ltd, and Kureha Corporation, among others.
It further offers comprehensive coverage of strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others. Key strategic alliances for product development and advancements are expected to enhance market growth in the future. The report also covers an in-depth analysis of key market competitors along with their growth strategies and business expansion plans.
For more details on this report: https://www.emergenresearch.com/industry-report/cathode-materials-market
Emergen Research has segmented the global cathode materials market based on material, battery type, application, and region:
Material Outlook (Revenue, USD Billion; 2017-2027)
lithium manganese oxide
Lithium cobalt oxide
Lithium Nickel Manganese Cobalt Oxide
lithium iron phosphate
Lithium-Nickel-Cobalt Aluminum Oxide
Other cathode materials
Battery Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional analysis of Cathode Materials Market includes analysis of production and consumption ratio, supply and demand dynamics, regional trends and growth drivers, growth prospects, presence of key manufacturers and suppliers, as well as market size and share in key regions such as North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The report further offers key insights on country-wise analysis and key revenue growth factors of each regional market.
Cathode Materials Market Report Overview:
Introduction, Product Scope, Market Overview and Opportunities
Manufacturers Analysis with Sales, Revenue and Price Analysis
Complete analysis of the competitive landscape
Detailed profiling of key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, constraints and limits of the cathode materials industry
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