Cathode Material for Automotive Lithium-Ion Battery Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)

Description

Market Overview

In 2023, the worldwide cathode material for automotive lithium-ion battery industry was valued at 2,303.3 million in, the market is projected to advance at a CAGR of 7.6% over the forecast period, to attain 3,818.6 million by the end of the decade.

The forecast of its spread is largely going to depend on expansion in electric vehicles, as companies are steadily decreasing battery prices per kWh, and the energy storage market is facing growth.

The significant increase in the utilization of electric vehicles worldwide is the most dominant factor out there, which is expected to impact positively the value chain of these types of vehicles and in the long run, increase consumer demand for electric vehicle batteries. As we continue to become more conscious of environmental protection, especially due to a constantly wiping ozone layer, electric vehicle sales become a growing popular way around the world.

As of now the division of greenhouse gases by vehicles contributes to 43% of the total amount of CO2 emitted worldwide. More pollution from ICE vehicles and respiratory problems are of great concern to governmental institutions, so they take amending measures in this regard. The issue of air pollution in greenhouse gases from urban cars has provoked governments to create tough environmental regulations.

The global community is coming to terms with the hazardous emissions caused by fuel-based transportation. Consequently, the governments are introducing fuel-saving schemes. With their non-emission features, electric vehicles are a marvelous solution to thwart the burden that pollution exerts on the environment.

Key Insights

In 2023, the lithium-ferro phosphate category had a 35% industry share, both in value and size.

Supremacy because of advanced energy density and lesser self-heating rate in comparison to other materials.

The category is projected to witness greater acceptance of electric vehicle lithium-ion batteries because of low cost.

Lithium-nickel-cobalt-aluminum oxide (NCA) category is rapidly growing with an 8.2% CAGR during the projection period.

NCA batteries provide advanced energy density and quicker charging abilities.

In 2023, the passenger car category had a 50% income share and the category is also projected to witness the fastest growth.

The leading position is driven by government steps in major auto-selling nations such as China and the U.S.

Increasing need for fully electric passenger cars with high range per charge features.

Substantial monetary incentives are provided to EV makers and end users to fuel adoption.

The battery electric vehicle category held a 55% revenue share in 2023 and is the fastest-growing.

Lithium-ion battery a major contributor to BEV dominance due to their high integration rate.

On average, the energy-carrying capacity of BEV (Battery Electric Vehicles) batteries is higher than those of HEVs and PHEVs.

In 2023, the APAC region led the cathode material industry with a 45% revenue share, projected to continue dominating over the projection period.

Primarily propelled by high production and sales of EVs in China, contributing to more than 50% of APAC's industry share.

Chinese industry is projected to stay the largest worldwide for automotive lithium-ion batteries.

LATAM is the fastest developing regional industry, with a CAGR of 8.0% from 2024 to 2030.

This development can be credited to the growing need for electric cars in nations such as Brazil and Mexico.

Product Code: 12088

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by vehicle type
- 1.4.3. Market size breakdown, by vehicle technology
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Type (2017-2030)
6.3. Market Revenue, by Type (2017-2030)
6.4. Market Volume, by Vehicle Type (2017-2030)
6.5. Market Revenue, by Vehicle Type (2017-2030)
6.6. Market Volume, by Vehicle Technology (2017-2030)
6.7. Market Revenue, by Vehicle Technology (2017-2030)
6.8. Market Volume, by Region (2017-2030)
6.9. Market Revenue, by Region (2017-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Type (2017-2030)
7.3. Market Revenue, by Type (2017-2030)
7.4. Market Volume, by Vehicle Type (2017-2030)
7.5. Market Revenue, by Vehicle Type (2017-2030)
7.6. Market Volume, by Vehicle Technology (2017-2030)
7.7. Market Revenue, by Vehicle Technology (2017-2030)
7.8. Market Volume, by Country (2017-2030)
7.9. Market Revenue, by Country (2017-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Type (2017-2030)
8.3. Market Revenue, by Type (2017-2030)
8.4. Market Volume, by Vehicle Type (2017-2030)
8.5. Market Revenue, by Vehicle Type (2017-2030)
8.6. Market Volume, by Vehicle Technology (2017-2030)
8.7. Market Revenue, by Vehicle Technology (2017-2030)
8.8. Market Volume, by Country (2017-2030)
8.9. Market Revenue, by Country (2017-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Type (2017-2030)
9.3. Market Revenue, by Type (2017-2030)
9.4. Market Volume, by Vehicle Type (2017-2030)
9.5. Market Revenue, by Vehicle Type (2017-2030)
9.6. Market Volume, by Vehicle Technology (2017-2030)
9.7. Market Revenue, by Vehicle Technology (2017-2030)
9.8. Market Volume, by Country (2017-2030)
9.9. Market Revenue, by Country (2017-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Type (2017-2030)
10.3. Market Revenue, by Type (2017-2030)
10.4. Market Volume, by Vehicle Type (2017-2030)
10.5. Market Revenue, by Vehicle Type (2017-2030)
10.6. Market Volume, by Vehicle Technology (2017-2030)
10.7. Market Revenue, by Vehicle Technology (2017-2030)
10.8. Market Volume, by Country (2017-2030)
10.9. Market Revenue, by Country (2017-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Type (2017-2030)
11.3. Market Revenue, by Type (2017-2030)
11.4. Market Volume, by Vehicle Type (2017-2030)
11.5. Market Revenue, by Vehicle Type (2017-2030)
11.6. Market Volume, by Vehicle Technology (2017-2030)
11.7. Market Revenue, by Vehicle Technology (2017-2030)
11.8. Market Volume, by Country (2017-2030)
11.9. Market Revenue, by Country (2017-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Type (2017-2030)
12.3. Market Revenue, by Type (2017-2030)
12.4. Market Volume, by Vehicle Type (2017-2030)
12.5. Market Revenue, by Vehicle Type (2017-2030)
12.6. Market Volume, by Vehicle Technology (2017-2030)
12.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Type (2017-2030)
13.3. Market Revenue, by Type (2017-2030)
13.4. Market Volume, by Vehicle Type (2017-2030)
13.5. Market Revenue, by Vehicle Type (2017-2030)
13.6. Market Volume, by Vehicle Technology (2017-2030)
13.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Type (2017-2030)
14.3. Market Revenue, by Type (2017-2030)
14.4. Market Volume, by Vehicle Type (2017-2030)
14.5. Market Revenue, by Vehicle Type (2017-2030)
14.6. Market Volume, by Vehicle Technology (2017-2030)
14.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Type (2017-2030)
15.3. Market Revenue, by Type (2017-2030)
15.4. Market Volume, by Vehicle Type (2017-2030)
15.5. Market Revenue, by Vehicle Type (2017-2030)
15.6. Market Volume, by Vehicle Technology (2017-2030)
15.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Type (2017-2030)
16.3. Market Revenue, by Type (2017-2030)
16.4. Market Volume, by Vehicle Type (2017-2030)
16.5. Market Revenue, by Vehicle Type (2017-2030)
16.6. Market Volume, by Vehicle Technology (2017-2030)
16.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Type (2017-2030)
17.3. Market Revenue, by Type (2017-2030)
17.4. Market Volume, by Vehicle Type (2017-2030)
17.5. Market Revenue, by Vehicle Type (2017-2030)
17.6. Market Volume, by Vehicle Technology (2017-2030)
17.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Type (2017-2030)
18.3. Market Revenue, by Type (2017-2030)
18.4. Market Volume, by Vehicle Type (2017-2030)
18.5. Market Revenue, by Vehicle Type (2017-2030)
18.6. Market Volume, by Vehicle Technology (2017-2030)
18.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Type (2017-2030)
19.3. Market Revenue, by Type (2017-2030)
19.4. Market Volume, by Vehicle Type (2017-2030)
19.5. Market Revenue, by Vehicle Type (2017-2030)
19.6. Market Volume, by Vehicle Technology (2017-2030)
19.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Type (2017-2030)
20.3. Market Revenue, by Type (2017-2030)
20.4. Market Volume, by Vehicle Type (2017-2030)
20.5. Market Revenue, by Vehicle Type (2017-2030)
20.6. Market Volume, by Vehicle Technology (2017-2030)
20.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Type (2017-2030)
21.3. Market Revenue, by Type (2017-2030)
21.4. Market Volume, by Vehicle Type (2017-2030)
21.5. Market Revenue, by Vehicle Type (2017-2030)
21.6. Market Volume, by Vehicle Technology (2017-2030)
21.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Type (2017-2030)
22.3. Market Revenue, by Type (2017-2030)
22.4. Market Volume, by Vehicle Type (2017-2030)
22.5. Market Revenue, by Vehicle Type (2017-2030)
22.6. Market Volume, by Vehicle Technology (2017-2030)
22.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Type (2017-2030)
23.3. Market Revenue, by Type (2017-2030)
23.4. Market Volume, by Vehicle Type (2017-2030)
23.5. Market Revenue, by Vehicle Type (2017-2030)
23.6. Market Volume, by Vehicle Technology (2017-2030)
23.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Type (2017-2030)
24.3. Market Revenue, by Type (2017-2030)
24.4. Market Volume, by Vehicle Type (2017-2030)
24.5. Market Revenue, by Vehicle Type (2017-2030)
24.6. Market Volume, by Vehicle Technology (2017-2030)
24.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Type (2017-2030)
25.3. Market Revenue, by Type (2017-2030)
25.4. Market Volume, by Vehicle Type (2017-2030)
25.5. Market Revenue, by Vehicle Type (2017-2030)
25.6. Market Volume, by Vehicle Technology (2017-2030)
25.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Type (2017-2030)
26.3. Market Revenue, by Type (2017-2030)
26.4. Market Volume, by Vehicle Type (2017-2030)
26.5. Market Revenue, by Vehicle Type (2017-2030)
26.6. Market Volume, by Vehicle Technology (2017-2030)
26.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Type (2017-2030)
27.3. Market Revenue, by Type (2017-2030)
27.4. Market Volume, by Vehicle Type (2017-2030)
27.5. Market Revenue, by Vehicle Type (2017-2030)
27.6. Market Volume, by Vehicle Technology (2017-2030)
27.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Type (2017-2030)
28.3. Market Revenue, by Type (2017-2030)
28.4. Market Volume, by Vehicle Type (2017-2030)
28.5. Market Revenue, by Vehicle Type (2017-2030)
28.6. Market Volume, by Vehicle Technology (2017-2030)
28.7. Market Revenue, by Vehicle Technology (2017-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Umicore
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. NEI Corporation
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. BASF SE
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Mitsubishi Chemical Holdings Corporation
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Hitachi Chemical Company Limited
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Nichia Corporation
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Panasonic Corporation
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. 3M Co
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Johnson Matthey PLC
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. L&F Company Limited
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. POSCO FUTURE M Co Ltd.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports