Cathode Materials Market Size, Opportunities, Top Companies Analysis, Growth, Trends, Key Segments, and Forecast to 2027

Cathode Materials Market Size, Opportunities, Top Companies Analysis, Growth, Trends, Key Segments, and Forecast to 2027

“Browse 283 market data Tables and 53 Figures spread through 225 Pages and in-depth TOC on “Cathode Materials Market””
The Cathode Materials market is expanding due to rising demand for lithium-ion batteries in electric vehicles and energy storage. Asia-Pacific leads production, driven by EV growth, while North America focuses on battery innovations and sustainability.

The cathode materials market is projected to grow from USD 25.9 billion in 2022 to USD 52.6 billion by 2027, at a CAGR of 15.2% from 2022 to 2027. Different materials are used in different kinds of batteries. Cathode materials are one of the major building blocks of batteries, which are further applicable for end-uses including consumer electronics, automotive, and industrial. 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=246078739 

Based on battery type, lead-acid is expected to be the largest segment during the forecast period, by value. Lead-acid battery was the first commercially used rechargeable battery. The grid structure of this battery type is made from lead alloy. Because of its minimal per-watt cost, this type of battery is still frequently utilized in various applications. This is further expected to drive the market share of this segment.   

Based on material type, the lead dioxide cathode material is expected to be the largest segment during the forecast period, by value. Lead dioxide is a standard cathode material of lead acid batteries. Lead-acid battery units & materials are almost 99% recycled & reused for new batteries. It is an essential energy storage device that is widely used as a secondary storage cell in automotive and industrial applications. Thus, the use of lead-acid batteries in these end-use sectors is expected to increase its demand, which will further propel the demand for lead-acid cathode materials. 

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=246078739 

Based on end-use, automotive is expected to be the largest segment during the forecast period, by value. Lead-acid batteries are used in passenger cars to supply 12V power to the electrical system of a vehicle. These lead-acid batteries are widely used owing to their low material costs, safety, and recyclability. Furthermore, the market for electric vehicles (EVs) is expected to grow further in the near future, partly driven by the adoption of various environmental norms and emission regulations. This has increased the demand for lithium-ion batteries, which in turn, boosts the demand for cathode materials.

Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=246078739 

Some of the leading players operating in the cathode materials market are Umicore (Belgium), POSCO (South Korea), BASF (Germany), Hitachi Chemical (Japan), Sumitomo Metal Mining Co., Ltd. (Japan), Mitsui Mining & Smelting Co., Ltd. (Japan), Showa Denko (Japan), Nichia Corporation (Japan), L&F Co Ltd (South Korea), Pulead Technology Industry (China), TODA KOGYO CORP.(Japan), NEI Corporation (USA), Gravita India (India), Ascend Elements Inc (US), LG Chem (South Korea), American Elements (US), Zhejiang Huayou Cobalt (China),  Shenzhen Dynanonic Co., Ltd.  (China), Ningbo Shanshan Co., Ltd. (China), and EV Metals Group (Australia) and others.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:1615 South Congress Ave Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/cathode-material-market-246078739.html