Lithium Battery Cathode Material Market– New Innovations, Research and Growth Factor till 2023

Market Research Reports

Lithium Battery Cathode Material Market– New Innovations, Research and Growth Factor till 2023

Press Release

In 2017, the sales volume of new energy vehicles totaled 777,000 units, increasing by 53.3% YOY and accounting for 2.7% of the total vehicle sales in China. As the new energy vehicle market expands rapidly, lithium-ion batteries, especially lithium-ion power batteries, has also seen exponential growth in China.

Critical to the performance of lithium-ion batteries, cathode materials are the major sources of the lithium ion in commercial lithium-ion batteries. Their performance and prices have a great impact on lithium-ion batteries.

What aspects regarding the regional analysis of Lithium Battery Cathode Material Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future Lithium Battery Cathode Material Market trends, providing information on product usage and consumption.
  • The growth rate of the Lithium Battery Cathode Material Market in every region, including their countries over the forecast period is included in the Lithium Battery Cathode Material Market report.

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By chemical composition, lithium battery cathode materials are classified into lithium cobalt oxide (LCO), lithium iron phosphate (LFP), lithium manganese oxide (LMO) and ternary materials including lithium nickel cobalt manganese oxide (NCM) and lithium nickel cobalt aluminum oxide (NCA).

According to CRI’s analysis, cathode materials have different applications in China. The direct consumers of lithium battery cathode materials are lithium battery manufacturers. With distinctive advantages and disadvantages, LCO, LMO, LFP and ternary materials are applied in different downstream industries. LMO and LCO are mainly used in the batteries for consumer electronics while ternary materials and LFP are mainly used in the power batteries for new energy vehicles including electric vehicles.

The Lithium Battery Cathode Material Market report answers the following questions:

What is the aim of the report?

  • The Lithium Battery Cathode Material Market report presents the estimated Lithium Battery Cathode Material Market size of Lithium Battery Cathode Material Market by the end of forecast period. Additionally, the historical and current Lithium Battery Cathode Material Market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Lithium Battery Cathode Material Market based on geographical scope, Lithium Battery Cathode Material Market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Lithium Battery Cathode Material Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of the Lithium Battery Cathode Material Market are incorporated in the research report.
  • The report analyzes growth rate, Lithium Battery Cathode Material Market size and valuation of the Lithium Battery Cathode Material Market during the forecast period.

CRI’s market survey shows that LCO, LFP and ternary materials are the mainstream of the cathode materials in China. LMO has good cycle performance and rate discharge performance at normal temperature but it has poor high-temperature performance. Therefore, LMO is mostly used in mobile phones, tablet computers and other digital products but seldom used in power batteries. Because of high technical barriers, the production capacity of NCA concentrates in Japan and South Korea. NCA sees little production and application in China though it is known for the electric vehicles of Tesla. The mainstream ternary material in China is NCM.

According to CRI’s analysis, China’s lithium battery cathode material market is highly concentrated. In 2017, the top 10 manufacturers of lithium battery cathode materials contributed more than 60% production volume in total. Hunan Shanshan Energy Technology Co., Ltd., GEM Co., Ltd., BTR New Energy Materials Inc. and Xiamen Tungsten Co., Ltd. have great advantages on the market.

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According to CRI’s market survey, with the development of the cathode material market, the demand for raw materials such as lithium carbonate, nickel, cobalt and manganese has been growing. As a result, the prices of these raw materials showed an upward trend from 2013 to 2018. For example, the prices of cobalt rose from about 204,000 CNY/ton in 2013 to 535,800 CNY/ton in 2018. However, the prices of cathode materials showed different trends. From 2013 to 2018, the prices of NCM, LCO and LMO all increased except that the prices of LFP decreased.

If the sales volume of new energy vehicles in China exceeds 2 million units in 2020 and 5 million units in 2025 as planned by the Chinese government, China’s cathode material market will maintain rapid growth from 2019 to 2025.

Topics Covered:

  1. Development environment of China’s lithium battery cathode material industry
  2. Supply of and demand for lithium battery cathode materials in China
  3. Competition in China’s lithium battery cathode material industry
  4. Development of LFP, LCO, LMO, NCM and NCA in China
  5. Major factors influencing development of China’s lithium battery cathode material industry
  6. Prospect of China’s lithium battery cathode material industry from 2019 to 2023

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RESEARCH REPORT ON GLOBAL AND CHINA’S COBALT INDUSTRIES, 2019-2023

RESEARCH REPORT ON GLOBAL AND CHINA’S POLYSILICON INDUSTRIES, 2019-2023

RESEARCH REPORT ON CHINA’S RARE EARTH INDUSTRY, 2019-2023

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This post was originally published on Aerospace Industry

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