Global Cathode Materials Market Outlook 2022

During past couple of decades, a drastic surge in the oil price was witnessed in the global market. This was the first crisis alert for the world, the rise in price and scarcity of resources created the necessity for conservation of energy and finding an alternative technology for optimum utilization of resources. Development of renewable energy sources, smart energy conservation and storage technologies, advancements in automotive transmission and driveline systems have triggered significant demand for energy storage technologies. Batteries are one amongst the oldest and extensively used storage technologies globally and their performance vastly depends upon cathode materials. Dynamic end user requirements such as long service life, durability, fast charging and effective response times are some of the necessities which led to advancements and developments in battery material types.
Durability, compatibility, efficient and fast charging are key criterion leading to significant developments in cathode materials market. Increasing use of lithium ion batteries in portable electronic accessories and equipment such as laptops, tablets, mobile phones, digital camera etc. are driving growth of batteries in respective applications ultimately resulting in increasing demand for cathode materials. Entry of local and global players into the energy storage system market are expected to support significant growth opportunities for cathode material suppliers in the market.

Market Analysis and Insights: Global Cathode Materials Market
The global Cathode Materials market was valued at US$ 14250 million in 2020 and it is expected to reach US$ 18700 million by the end of 2027, growing at a CAGR of 3.5% during 2021-2027.

Global Cathode Materials Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Cathode Materials Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Binders
Foils
Active Materials

Segment by Application
Electronics
Energy Storage System
Automotive
Power Tools

By Company
Advanced Lithium Electrochemistry
Targray
BASF
Nichia
NEI
Hunan Shanshan New Material
Pulead Technology Industry
Hunan Reshine New Material
Umicore

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E