Global Cathode Active Materials Market Forecast to 2030
The Global Cathode Active Materials Market report examines historical and current data, as well as a thorough examination of market dynamics. The report also sheds light on the major market growth driving and restraining factors that are expected to influence market growth over the forecast period. The Global Cathode Active Materials Market researches the market scenario to provide growth projections for the Cathode Active Materials industry from 2022 to 2030. The report focuses on potential growth opportunities and constraints that industry leaders may face over the course of the forecast timeline. To assist readers in making decisions, the report pays special attention to emerging business components, niche sectors, product launches, and brand promotions that are taking place in the market.
The global Cathode Active Materials (CAM) market size reached USD 16.43 Billion in 2021 and is expected to register a revenue CAGR of 8.7% during the forecast period, according to latest analysis by Emergen Research. Rising demand for electric vehicles due to their ability to provide improved performance while reducing vehicle emissions is a major factor driving the market revenue growth. In addition, technological advancements in the automotive industry and innovation in e-mobility technology trends is another key factor driving the market revenue growth in various countries. Today’s electric vehicles incorporate lithium-ion batteries due to their high energy per unit mass relative to other electrical energy storage systems. They also have a high power-to-weight ratio, outstanding high-temperature performance, and minimal self-discharge. A CAM is made into a slurry and then uniformly deposited on a current collector in traditional lithium-ion battery production. NMP, a dangerous and high-boiling-point solvent, is required. This method necessitates the use of energy, space, and money for drying and recycling. As a result, market companies are investing in research development activities and implementing strategies to adhere to environmental standards in various countries.
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Competitive Terrain:
The global Cathode Active Materials industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Umicore, 3M, Mitsubishi Chemical Group Corporation, Posco chemical, BASF SE, Hitachi Metals, Ltd., Kureha Corporation, Sumitomo Metal Mining Co., Ltd., Mitsui Co., Ltd., NEI Corporation
Research Report on the Cathode Active Materials Market Addresses the Following Key Questions:
- Who are the dominant players of the Cathode Active Materials market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Cathode Active Materials market?
- What are the key growth drivers and restraining factors of the Cathode Active Materials market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Cathode Active Materials market and its key segments?
Market Overview:
The report bifurcates the Cathode Active Materials market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Material Type Outlook (Revenue, USD Billion; 2019-2030)
- Lithium-Ion Cathode Materials
- Lead-Acid Cathode Materials
- Other Cathode Materials
- Battery Type Outlook (Revenue, USD Billion; 2019-2030)
- Lithium-Ion-Batteries
- Lead-Acid-Batteries
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
Regional Landscape section of the Cathode Active Materials report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights From the Report
- The lithium-ion cathode materials segment accounted for a significant revenue share in 2021. Rising demand to meet energy storage needs for the electric power grid and electric vehicle use are major factors driving the segment’s revenue growth. Efforts are being made to replace lithium-ion battery components with more cost-effective, environmentally friendly, and safe materials. Longer-term storage technologies, such as flow batteries, have the potential to help with the integration of renewable energy sources for power generation while decreasing reliance on fossil fuels. Companies in the market are focusing on strengthening relationships and investing in high-quality battery technologies.
- The lithium-ion batteries segment accounted for a significant revenue share in 2021. Strategic partnerships and rapid product innovations are major factors driving market revenue growth. For instance, on 21 December 2022, Lion Electric Company, which is a major manufacturer of all-electric medium and heavy-duty urban vehicles, announced the completion of production of its first lithium-ion battery pack at the company's Mirabel, Quebec battery manufacturing facility. The first battery pack is planned to be certified in the first quarter of 2023, followed by a steady scale-up of production in 2023. The first Mirabel batteries will power the Lion5 truck and the LionAmbulance, which are slated to enter commercial production in the first part of 2023. Significant investments in the expansion of existing manufacturing capabilities are major factors driving the segment’s revenue growth in various countries. Market companies are actively seeking new and reliable technologies that incorporate unique features for their users and everyday needs.
- Market in Asia Pacific accounted for a significant revenue share in 2021. Increasing energy consumption and rapid advancements in battery energy storage systems are major factors driving the market revenue growth. In addition, governments in various countries in this region are focusing on reducing industrial emissions. This is another key factor driving the market revenue growth.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Cathode Active Materials market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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