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PUBLISHER: Grand View Research | PRODUCT CODE: 1493455

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PUBLISHER: Grand View Research | PRODUCT CODE: 1493455

Lithium Cobalt Oxide Market Size, Share & Trends Analysis Report By Application (Electric Vehicles, Energy Storage), By Region (North America, Europe, Asia Pacific, MEA), And Segment Forecasts, 2024 - 2030

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Description

Table of Contents

List of Tables

Lithium Cobalt Oxide Market Growth & Trends:

The global lithium cobalt oxide market size is anticipated to reach USD 9.48 billion by 2030, registering a CAGR of 9.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Energy storage systems are a significant driving factor for the market. Lithium cobalt oxide is used as a cathode material in the manufacturing of lithium-ion batteries for various applications, including energy storage systems. These systems play a crucial role in storing renewable energy generated from sources such as solar and wind power. As the world transitions towards cleaner and more sustainable energy sources, the need for efficient energy storage solutions becomes paramount. Lithium cobalt oxide batteries, with their stable structure and high-capacity ratio, are well-suited for energy storage applications.

The demand for energy storage systems is driven by the increasing adoption of renewable energy sources such as solar and wind power requires efficient energy storage solutions to address the intermittent nature of these sources. Energy storage systems help store excess energy generated during periods of high production and release it during times of high demand. This helps stabilize the grid and ensure a consistent and reliable power supply. Lithium cobalt oxide batteries, with their high energy density and long cycle life, are well-suited for this purpose. The growth of the energy storage sector contributes to the demand for products.

Furthermore, the security concerns posed by overheating of lithium-ion batteries. Lithium cobalt oxide batteries have a higher risk of thermal runaway and overheating compared to other types of lithium-ion batteries. This can lead to safety hazards and concerns, especially in applications such as electric vehicles and consumer electronics. The potential risks associated with overheating and inadequate charging infrastructure can hinder the growth of the market.

Lithium Cobalt Oxide Market Report Highlights:

  • The energy storage application segment is expected to grow at the fastest CAGR during the forecast period. The growing need for renewable energy storage systems such as grid storage is contributing to the growth of the market. This system requires reliable efficient energy storage solutions and lithium cobalt oxide batteries are well-suited for this purpose.
  • North America is expected to grow at the fastest CAGR over the forecast period. The adoption of electric vehicles is on the rise in North America, which is driving the demand for lithium cobalt oxide batteries.
  • In October 2023, National Renewable Energy Laboratory (NREL) entered into a strategic collaboration with ACE Green Recycling. This initiative was aimed at balancing the sustainability and profitability of lithium-ion battery recycling, specifically for lithium iron phosphate batteries.
  • In October 2023, a team of researchers from Hokkaido University and Kobe University, led by Professor Masaki Matsui from Hokkaido University's Faculty of Science, developed a novel method to synthesize lithium cobalt oxide at temperatures below 300 °C within a short duration of 30 minutes.
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Product Code: GVR-4-68040-271-8

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Snapshot
  • 2.2. Segment Snapshot
  • 2.3. Competitive Landscape Snapshot

Chapter 3. Lithium Cobalt Oxide Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
    • 3.1.1. Global Cobalt Oxide Market Outlook
  • 3.2. Industry Value Chain Analysis
    • 3.2.1. Manufacturing/ Technology Trends
    • 3.2.2. Sales Channel Analysis
    • 3.2.3. List of Potential End-Users
  • 3.3. Regulatory Framework, By Regions
  • 3.4. Price Trend Analysis
    • 3.4.1. Factors Influencing Prices
  • 3.5. Market Dynamics
    • 3.5.1. Market Driver Analysis
    • 3.5.2. Market Restraint Analysis
    • 3.5.3. Industry Challenges
    • 3.5.4. Industry Opportunities
  • 3.6. Industry Analysis Tools
    • 3.6.1. Porter's Five Forces Analysis
    • 3.6.2. Macro-environmental Analysis

Chapter 4. Lithium Cobalt Oxide Market: Application Estimates & Trend Analysis

  • 4.1. Application Movement Analysis & Market Share, 2023 & 2030
  • 4.2. Lithium Cobalt Oxide Market Estimates & Forecast, By Application, 2018 to 2030 (USD Million) (Kilotons)
  • 4.3. Electric Vehicles
    • 4.3.1. Lithium Cobalt Oxide Market Estimates and Forecasts, in Electric Vehicles 2018 - 2030 (USD Million) (Kilotons)
  • 4.4. Energy Storage
    • 4.4.1. Lithium Cobalt Oxide Market Estimates and Forecasts, in Energy Storage 2018 - 2030 (USD Million) (Kilotons)
  • 4.5. Other Applications
    • 4.5.1. Lithium Cobalt Oxide Market Estimates and Forecasts, in Other Applications 2018 - 2030 (USD Million) (Kilotons)

Chapter 5. Lithium Cobalt Oxide Market: Regional Estimates & Trend Analysis

  • 5.1. Regional Movement Analysis & Market Share, 2023 & 2030
  • 5.2. North America
    • 5.2.1. North America Lithium Cobalt Oxide Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.2.2. U.S.
      • 5.2.2.1. Key country dynamics
      • 5.2.2.2. U.S. lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.2.3. Canada
      • 5.2.3.1. Key country dynamics
      • 5.2.3.2. Canada lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.2.4. Mexico
      • 5.2.4.1. Key country dynamics
      • 5.2.4.2. Mexico lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
  • 5.3. Europe
    • 5.3.1. Europe Lithium Cobalt Oxide Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.3.2. Germany
      • 5.3.2.1. Key country dynamics
      • 5.3.2.2. Germany lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.3.3. UK
      • 5.3.3.1. Key country dynamics
      • 5.3.3.2. UK lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.3.4. France
      • 5.3.4.1. Key country dynamics
      • 5.3.4.2. France lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.3.5. Italy
      • 5.3.5.1. Key country dynamics
      • 5.3.5.2. Italy lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.3.6. Spain
      • 5.3.6.1. Key country dynamics
      • 5.3.6.2. Spain lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
  • 5.4. Asia Pacific
    • 5.4.1. Asia Pacific Lithium Cobalt Oxide Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.4.2. China
      • 5.4.2.1. Key country dynamics
      • 5.4.2.2. China lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.4.3. India
      • 5.4.3.1. Key country dynamics
      • 5.4.3.2. India lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.4.4. Japan
      • 5.4.4.1. Key country dynamics
      • 5.4.4.2. Japan lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.4.5. South Korea
      • 5.4.5.1. Key country dynamics
      • 5.4.5.2. South Korea lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
  • 5.5. Central & South America
    • 5.5.1. Central & South America Lithium Cobalt Oxide Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.5.2. Brazil
      • 5.5.2.1. Key country dynamics
      • 5.5.2.2. Brazil lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.5.3. Argentina
      • 5.5.3.1. Key country dynamics
      • 5.5.3.2. Argentina lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
  • 5.6. Middle East & Africa
    • 5.6.1. Middles East & Africa Lithium Cobalt Oxide Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.6.2. South Africa
      • 5.6.2.1. Key country dynamics
      • 5.6.2.2. South Africa lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.6.3. Saudi Arabia
      • 5.6.3.1. Key country dynamics
      • 5.6.3.2. Saudi Arabia lithium cobalt oxide market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)

Chapter 6. Lithium Cobalt Oxide Market - Competitive Landscape

  • 6.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 6.2. Company Categorization
  • 6.3. Company Market Share/Position Analysis, 2023
  • 6.4. Company Heat Map Analysis
  • 6.5. Strategy Mapping
  • 6.6. Company Profiles
    • 6.6.1. Targray
      • 6.6.1.1. Participant's overview
      • 6.6.1.2. Financial performance
      • 6.6.1.3. Product benchmarking
      • 6.6.1.4. Recent developments
    • 6.6.2. Cosmo Advanced Materials
      • 6.6.2.1. Participant's overview
      • 6.6.2.2. Financial performance
      • 6.6.2.3. Product benchmarking
      • 6.6.2.4. Recent developments
    • 6.6.3. GS Yuasa Corporation Ltd
      • 6.6.3.1. Participant's overview
      • 6.6.3.2. Financial performance
      • 6.6.3.3. Product benchmarking
      • 6.6.3.4. Recent developments
    • 6.6.4. Hitachi, Ltd
      • 6.6.4.1. Participant's overview
      • 6.6.4.2. Financial performance
      • 6.6.4.3. Product benchmarking
      • 6.6.4.4. Recent developments
    • 6.6.5. Huayou Cobalt
      • 6.6.5.1. Participant's overview
      • 6.6.5.2. Financial performance
      • 6.6.5.3. Product benchmarking
      • 6.6.5.4. Recent developments
    • 6.6.6. NICHIA CORPORATION
      • 6.6.6.1. Participant's overview
      • 6.6.6.2. Financial performance
      • 6.6.6.3. Product benchmarking
      • 6.6.6.4. Recent developments
    • 6.6.7. Nippon Chemical Industrial
      • 6.6.7.1. Participant's overview
      • 6.6.7.2. Financial performance
      • 6.6.7.3. Product benchmarking
      • 6.6.7.4. Recent developments
    • 6.6.8. Ningbo Shanshan,
      • 6.6.8.1. Participant's overview
      • 6.6.8.2. Financial performance
      • 6.6.8.3. Product benchmarking
      • 6.6.8.4. Recent developments
    • 6.6.9. Beijing Easpring Material
      • 6.6.9.1. Participant's overview
      • 6.6.9.2. Financial performance
      • 6.6.9.3. Product benchmarking
      • 6.6.9.4. Recent developments
    • 6.6.10. Xiamen YLX Battery
      • 6.6.10.1. Participant's overview
      • 6.6.10.2. Financial performance
      • 6.6.10.3. Product benchmarking
      • 6.6.10.4. Recent developments
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Product Code: GVR-4-68040-271-8

List of Tables

  • Table 1 List of Potential End-Users
  • Table 2 Regulatory Framework
  • Table 3 List of Raw Material Suppliers
  • Table 4 U.S. Macroeconomic Outlay
  • Table 5 Canada Macroeconomic Outlay
  • Table 6 Mexico Macroeconomic Outlay
  • Table 7 Germany Macroeconomic Outlay
  • Table 8 UK Macroeconomic Outlay
  • Table 9 France Macroeconomic Outlay
  • Table 10 Italy Macroeconomic Outlay
  • Table 11 Spain Macroeconomic Outlay
  • Table 12 China Macroeconomic Outlay
  • Table 13 India Macroeconomic Outlay
  • Table 14 Japan Macroeconomic Outlay
  • Table 15 South Korea Macroeconomic Outlay
  • Table 16 Brazil Macroeconomic Outlay
  • Table 17 Argentina Macroeconomic Outlay
  • Table 18 South Africa Macroeconomic Outlay
  • Table 19 Saudi Arabia Macroeconomic Outlay
  • Table 20 Participant's Overview
  • Table 21 Financial Performance
  • Table 22 Product Benchmarking
  • Table 23 Company Heat Map Analysis
  • Table 24 Key Strategy Mapping

List of Figures

  • Fig. 1 Lithium Cobalt Oxide Market Segmentation
  • Fig. 2 Information Procurement
  • Fig. 3 Data Analysis Models
  • Fig. 4 Market Production and Validation
  • Fig. 5 Data Validating & Publishing
  • Fig. 6 Lithium Cobalt Oxide Market Snapshot
  • Fig. 7 Lithium Cobalt Oxide Market Segmental Outlook, 2023 (USD Million)
  • Fig. 8 Lithium Cobalt Oxide Market: Competitive Insights
  • Fig. 9 Global Lithium Cobalt Oxide Market Value Chain Analysis
  • Fig. 10 Lithium Cobalt Oxide Market Dynamics
  • Fig. 11 Lithium Cobalt Oxide Market: Porter's Five Forces Analysis
  • Fig. 12 Lithium Cobalt Oxide Market: PESTEL Analysis
  • Fig. 13 Lithium Cobalt Oxide Market Analysis & Segment Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 14 Lithium Cobalt Oxide Market Analysis & Segment Forecast, in Electric Vehicles 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 15 Lithium Cobalt Oxide Market Analysis & Segment Forecast, in Energy Storage 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 16 Lithium Cobalt Oxide Market Analysis & Segment Forecast, in Other Applications 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 17 Lithium Cobalt Oxide Market, By Region, 2023 & 2030 (%)
  • Fig. 18 North America Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 19 U.S. Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 20 Canada Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 21 Mexico Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 22 Europe Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 23 Germany Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 24 UK Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 25 France Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 26 Italy Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 27 Spain Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 28 Asia Pacific Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 29 China Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 30 India Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 31 Japan Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 32 South Korea Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 33 Central & South America Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 34 Brazil Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 35 Argentina Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 36 Middle East & Africa Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 37 South Africa Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 38 Saudi Arabia Lithium Cobalt Oxide Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
  • Fig. 39 Lithium Cobalt Oxide Market: Company Categorization
  • Fig. 40 Lithium Cobalt Oxide Market: Company Market Share Analysis
  • Fig. 41 Lithium Cobalt Oxide Market: Company Market Positioning Analysis
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