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市場調查報告書
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1823950

正極活性材料市場報告：2031 年趨勢、預測與競爭分析

Cathode Active Material Market Report: Trends, Forecast and Competitive Analysis to 2031
出版日期: | 出版商: Lucintel | 英文 150 Pages | 商品交期: 3個工作天內

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得益於電池市場的機遇，全球正極活性材料市場前景光明。預計2025年至2031年，全球正極活性材料市場的複合年成長率將達9.5%。該市場的主要推動力包括電動車需求的不斷成長、可再生能源的日益普及以及對儲能的日益關注。

  • Lucintel 預測，NMC 將在預測期內實現所有類型中最高的成長。
  • 從應用來看，電池仍然佔很大佔有率。
  • 依地區分類，預計亞太地區將在預測期內實現最高成長。

正極活性材料市場新趨勢

正極活性材料市場正經歷一個變革階段，這得益於全球對經濟高效、高性能且永續電池日益成長的需求。不斷發展的趨勢反映出一種內在的轉變，即轉向創新材料化學、改進生產流程以及注重環境管理。該行業正在積極尋找解決方案，以提高能量密度、提升安全標準、最大限度地減少對關鍵原料的依賴，並塑造電動車和儲能的未來。

  • 正極化學成分多角化，告別鎳鈷錳電池：此趨勢是指其他正極化學成分在傳統NCM（鎳鈷錳電池）之外的擴展，其中磷酸鋰鐵（LFP）在價格敏感型應用領域的應用顯著增加，磷酸鐵鋰（LMFP）和鈉錳正極的研究也得到拓展。這種多元化旨在減少對昂貴且倫理道德複雜的鈷和鎳的依賴，同時提高安全性並延長某些應用的循環壽命。其結果是打造一個更穩健、更具適應性的供應鏈，以滿足各種電池性能和成本需求，從而促進電動車和能源儲存系統的大規模普及。
  • 富鎳正極材料興起，能量密度更高：儘管正極材料正朝著多元化發展，但富鎳NCM（例如NCM811）和鎳鈷鋁（NCA）正極材料的進步和商業化仍然是主流趨勢。這些材料具有更高的能量密度，這對於實現更長的電動車續航里程和更高的固定系統儲能容量至關重要。結果是提升了電池性能、充電速度和功率輸出，這對於汽車產業打造更具競爭力和吸引力的電動車至關重要。它們也推動了鎳提取和加工技術的創新。
  • 原料的永續採購和回收：全球對建造鋰、鈷、鎳等關鍵原料的永續和負責任的供應鏈的興趣日益濃厚。這一趨勢包括對直接開採、本地加工以及最引人注目的電池回收技術的投資增加。這將加速電池材料向循環經濟的轉型，減少環境影響，應對地緣政治供應風險，並確保對正極生產至關重要的礦物的長期供應。這也將催生新的材料回收經營模式。
  • 固態電池正極材料開發創新：固體正極材料的開發是重要的新趨勢。固態電池比傳統鋰離子電池具有更高的能量密度、更高的安全性（不含易燃液體電解）和更長的使用壽命。這有望成為電池技術的顛覆性進步，從根本上改變電動車和手持電子設備的性能水平，並推動固體正極新材料成分和製造過程的研發。
  • 人工智慧與數位化在正極材料製造中的融合：在正極活性材料的發現、開發和生產中使用人工智慧 (AI)、機器學習和先進的數位化工具是一個強大的新興趨勢。這包括將人工智慧應用於材料發現、合成製程最佳化和增強品管。其效果是縮短創新週期、提高生產效率、最大限度地減少製造缺陷，並最終快速開發和擴大下一代正極材料的規模，使其性能特徵更佳、製造成本更低。

這些新興趨勢正深刻地改變正極活性材料市場，並推動著電池創新的多維度策略。化學成分的多樣化、對更高能量密度的追求、對更高永續性的承諾、固體技術的進步以及先進數位化工具的採用，共同推動著一個更強大、更具成本效益、更環保的行業，推動先進電池技術在各種應用中的廣泛應用。

正極活性材料市場的最新趨勢

正極活性材料產業正處於全球能源革命的前沿，其蓬勃發展的技術革命正受到對尖端電池技術的持續渴望的推動。這些最新的變化源自於全產業致力於提升電池性能、降低成本和應對固有供應鏈風險的努力。為了滿足電動車和儲能市場日益成長的需求，業界越來越重視負責任的實踐和材料化學的多樣化。

  • 磷酸鋰鐵製造投資不斷成長：由於磷酸鋰鐵(LFP) 正極活性材料卓越的安全性、更低的成本和更長的循環壽命，全球範圍內（尤其是在中國以外）對 LFP 的投資和產能擴張正在激增。這將促進全球 CAM 供應鏈的多元化，減少對鎳和鈷的依賴，從而提供更低成本的電池選擇，並加速電動車在各個部門市場的普及。
  • 先進富鎳正極材料的進展：近期趨勢是高鎳正極材料（例如 NCM811 和 NCA）的開發和規模化。各公司正致力於最佳化穩定性、循環壽命和能量密度，以滿足遠距電動車的需求。這涉及顆粒形貌、摻雜技術和塗層技術的開發。其結果是提升電池性能，延長續航里程並縮短充電時間，這對於希望向消費者提供具有競爭力的產品的電動車製造商至關重要。
  • 實現亞洲以外地區CAM供應鏈的本地化：北美和歐洲國家正在大力投資正極活性材料製造的本地化，以最大限度地減少對亞洲（尤其是中國）供應商的依賴。這包括建立新的正極活性材料製造設施，並透過夥伴關係和國內採礦計劃直接取得原料。結果是，供應鏈更具韌性，地緣政治風險降低，國內就業機會增加，全球CAM產能分佈更為均衡。
  • 電池回收和CAM材料城市採礦：電池回收技術正在取得重大進展，可以從廢棄電池中提取有價值的正極材料，從而有效地建立電池礦物的循環經濟。這些「城市礦山」減少了傳統採礦的環境足跡，並改變了原料的來源。結果是CAM生產所需的金屬供應更清潔、穩定，原料價格波動降低，並透過減少廢棄物和減少碳足跡來帶來環境效益。
  • 鈉離子電池正極材料的研發與商業化：鈉離子電池正極材料的研發與商業化雖然仍處於起步階段，但正穩步推進。由於鈉的易得性和低成本，這項技術為鋰離子電池提供了一個極具吸引力的替代方案，尤其是在固定式儲能和低成本電動車領域。其效果在於進一步豐富電池化學成分，減少對鋰的依賴，並提供更經濟的儲能方案，特別適用於電網規模應用和新興市場。

這些新發展共同影響著陰極活性材料市場，推動了電池化學多樣化、供應鏈本地化、透過回收實現永續性以及對鈉離子電池等下一代技術的探索，創造了一個強勁、有彈性和綠色的市場，從而推動了電動汽車和可再生能源儲存解決方案在全球範圍內的大規模擴張。

目錄

第1章摘要整理

第2章 市場概況

  • 背景和分類
  • 供應鏈

第3章：市場趨勢及預測分析

  • 產業推動力與挑戰
  • PESTLE分析
  • 專利分析
  • 法規環境

第4章全球正極活性材料市場（依類型）

  • 概述
  • 吸引力分析：依類型
  • NCA：趨勢與預測（2019-2031）
  • NMC：趨勢與預測（2019-2031）
  • LFP：趨勢與預測（2019-2031）
  • LMO：趨勢與預測（2019-2031）
  • LCO：趨勢與預測（2019-2031）

5. 全球正極活性材料市場（依應用）

  • 概述
  • 吸引力分析：依用途
  • 電池：趨勢與預測（2019-2031）
  • 其他：趨勢與預測（2019-2031）

第6章 區域分析

  • 概述
  • 全球正極活性材料市場（依地區）

7. 北美正極活性材料市場

  • 概述
  • 北美陰極活性材料市場（依類型）
  • 北美陰極活性材料市場（依應用）
  • 美國正極活性材料市場
  • 墨西哥正極活性材料市場
  • 加拿大陰極活性材料市場

8. 歐洲正極活性材料市場

  • 概述
  • 歐洲陰極活性材料市場（依類型）
  • 歐洲陰極活性材料市場（依應用）
  • 德國正極活性材料市場
  • 法國正極活性材料市場
  • 西班牙正極活性材料市場
  • 義大利正極活性材料市場
  • 英國陰極活性材料市場

9. 亞太正極活性材料市場

  • 概述
  • 亞太地區正極活性材料市場（依類型）
  • 亞太地區正極活性材料市場（依應用）
  • 日本正極活性材料市場
  • 印度正極活性材料市場
  • 中國正極活性材料市場
  • 韓國正極活性材料市場
  • 印尼正極活性材料市場

第10章世界其他地區（ROW）正極活性材料市場

  • 概述
  • 世界其他地區陰極活性材料市場（依類型）
  • 世界其他地區正極活性材料市場（依應用）
  • 中東正極活性材料市場
  • 南美洲正極活性材料市場
  • 非洲正極活性材料市場

第11章 競爭分析

  • 產品系列分析
  • 營運整合
  • 波特五力分析
    • 競爭對手之間的競爭
    • 買方議價能力
    • 供應商的議價能力
    • 替代品的威脅
    • 新進入者的威脅
  • 市佔率分析

第12章：機會與策略分析

  • 價值鏈分析
  • 成長機會分析
    • 依類型分類的成長機會
    • 依應用分類的成長機會
  • 全球正極活性材料市場的新趨勢
  • 戰略分析
    • 新產品開發
    • 認證和許可
    • 企業合併（M&A）、協議、合作與合資

第13章 價值鏈主要企業概況

  • 競爭分析
  • Umicore
  • Shanshan
  • Easpring
  • MGL
  • BM
  • Reshine
  • Jinhe Share
  • Tianjiao Technology
  • Xiamen Tungsten
  • ANYUN

第14章 附錄

  • 圖表列表
  • 表格列表
  • 分析方法
  • 免責聲明
  • 版權
  • 簡稱和技術單位
  • 關於 Lucintel
  • 詢問

The future of the global cathode active material market looks promising with opportunities in the battery markets. The global cathode active material market is expected to grow with a CAGR of 9.5% from 2025 to 2031. The major drivers for this market are the increasing demand for electric vehicles, the rising adoption of renewable energy, and the growing focus on energy storage.

  • Lucintel forecasts that, within the type category, NMC is expected to witness the highest growth over the forecast period.
  • Within the application category, battery will remain a larger segment.
  • In terms of region, APAC is expected to witness the highest growth over the forecast period.

Emerging Trends in the Cathode Active Material Market

The market for cathode active material is at an evolutionary stage, fueled by a rising global need for cost-effective, high-performing, and sustainable batteries. The evolving trends mirror the essential shift towards innovative material chemistries, improved production processes, and greater emphasis on environmental stewardship. Solutions are being sought vigorously by the industry to improve energy density, raise safety standards, and minimize dependence on critical raw materials, shaping the future of electric mobility and energy storage.

  • Cathode Chemistry Diversification away from Nickel-Cobalt-Manganese: This trend is a wider application of other cathode chemistries aside from the conventional NCM, with a notable rise in Lithium Iron Phosphate (LFP) for price-sensitive uses and greater study into Lithium Manganese Iron Phosphate (LMFP) and sodium-ion cathodes. This diversification seeks to decrease dependence on costly and ethically complex cobalt and nickel, also providing enhanced safety and extended cycle life in particular applications. The effect is a more robust and adaptive supply chain, supporting a broader variety of battery performance and cost needs, and driving the mass adoption of electric vehicles and energy storage systems.
  • Emergence of High-Nickel Cathodes for Energy Density: In spite of the movement toward diversification, progress and commercialization of high-nickel NCM (such as NCM811) and Nickel Cobalt Aluminum (NCA) cathodes remain a prevailing trend. These compounds provide greater energy density, essential to achieve longer driving ranges in electric cars and higher storage capacity in stationary systems. The effect is improved battery performance, providing improved charging speed and power output, critical for the automotive sector's drive towards more competitive and attractive electric vehicles. This also stimulates innovation in nickel extraction and processing technologies.
  • Sustainable Sourcing and Recycling of Raw Materials: There is a growing global focus on building sustainable and responsible supply chains for key raw materials like lithium, cobalt, and nickel. This trend encompasses greater investment in direct mining, localized processing, and most notably, battery recycling technologies. The effect is the transition towards a circular economy for battery material, lowering environmental signatures, addressing geopolitical supply risks, and assuring long-term availability of critical minerals for cathode manufacturing. This also results in new business models for material recovery.
  • Innovation in Solid-State Battery Cathode Development: Solid-state cathode material development is a key new trend. Solid-state batteries can deliver more energy density, enhanced safety (no flammable liquid electrolytes), and longevity over classical lithium-ion batteries. The effect is the possibility of a game-changing advance in battery technology, essentially altering the performance levels for EVs and handheld electronics, and fueling furious research and development activity into new material compositions and manufacturing processes for solid-state cathodes.
  • AI and Digitalization Integration in Cathode Material Production: The use of artificial intelligence (AI), machine learning, and sophisticated digitalization tools in the discovery, development, and production of cathode active materials is a strong and emerging trend. This encompasses AI being applied to material discovery, synthesis process optimization, and quality control enhancement. The effect is faster innovation cycles, increased production efficiency, minimized manufacturing defects, and, ultimately, fast development and scale-up of next-generation cathode materials with enhanced performance attributes and lower costs of production.

These new trends are deeply transforming the cathode active material market by propelling a multidimensional strategy for battery innovation. Chemistry's diversification, high energy density pursuit, high sustainability commitment, advances in solid-state technology, and the inclusion of sophisticated digital tools are all advancing together a more powerful, cost-effective, and eco-friendly industry towards a widespread adoption of advanced battery technologies for a wide range of applications.

Recent Developments in the Cathode Active Material Market

The cathode active material industry is at the vanguard of the world's energy revolution, with dynamic and explosive innovation fueled by the relentless thirst for cutting-edge battery technology. These latest changes are the result of a concerted push throughout the industry to increase battery performance, lower cost, and tackle essential supply chain risks. The emphasis is increasingly on responsible practices and material chemistry diversification in order to address the growing demands of the electric vehicle and energy storage markets.

  • Higher Investment in Lithium Iron Phosphate Manufacturing: There has been a sharp increase in investments and capacity increases for Lithium Iron Phosphate (LFP) cathode active materials worldwide, especially outside China. This is inspired by LFP's good safety profile, reduced cost, and improved cycle life, which qualify it to be used in mainstream electric cars and energy storage applications. The effect is a more diversified CAM supply chain globally, lower dependence on nickel and cobalt, and availability of lower-cost battery options, driving EV adoption across different segments.
  • Advancement of Advanced Nickel-Rich Cathodes: Recent advancements consist of ongoing development and upscaling of high-nickel cathode compounds such as NCM811 and NCA. Companies are concentrating on optimizing their stability, cycle longevity, and energy density to address the needs of long-range electric vehicles. This consists of developments in particle morphology, doping techniques, and coating technologies. The result is improved performance batteries with longer driving ranges and faster charging times, vital for electric vehicle makers who want to provide competitive offerings to consumers.
  • Localization of CAM supply chains beyond Asia: North American and European nations are significantly investing in the localization of their cathode active material manufacturing to minimize reliance on Asian-based, most notably Chinese, suppliers. This involves establishing new CAM manufacturing facilities and gaining direct access to raw materials through partnerships and indigenous mining projects. The effect is greater supply chain resilience, lower geopolitical risks, and domestic employment creation, creating a more balanced global distribution of CAM manufacturing capacity.
  • Development in Battery Recycling and Urban Mining for CAM Feedstock: Important progress is being achieved in battery recycling technologies to extract valuable cathode materials from end-of-life batteries, in effect establishing a circular economy for battery minerals. This "urban mining" decreases the environmental footprint of conventional mining and varies raw material sources. The effect is a cleaner and more secure supply of critical metals for CAM production, reducing raw material price volatility and helping the environment through waste minimization and carbon footprint.
  • Development of Sodium-Ion Battery Cathode Research and Commercialization: Although still in nascent stages, there is growing R&D and even some commercialization of sodium-ion battery cathode materials. The technology presents a compelling alternative to lithium-ion, particularly for stationary energy storage and low-cost EVs, based on the availability and lower cost of sodium. The effect is the ability to further diversify battery chemistries, decrease dependence on lithium, and offer an even less expensive energy storage option, especially for grid-scale applications and emerging markets.

These new developments are collectively influencing the cathode active material market by promoting diversification in battery chemistries, supply chain localization, sustainability through recycling, and next-generation technology exploration such as sodium-ion batteries. This is creating a robust, resilient, and eco-friendly market that will be capable of enabling the enormous expansion of electric vehicles and renewable energy storage solutions worldwide.

Strategic Growth Opportunities in the Cathode Active Material Market

The cathode active material market is full of strategic opportunities for growth in various applications, driven mainly by the surging global shift to electrification and clean energy solutions. Finding and leveraging these opportunities means innovating in chemistries of materials, tailoring performance to each application, and building solid supply chains. These applications showcase CAM's critical role in spurring technological innovations and making a greener future.

  • High-Energy Density for Long-Range: The electric vehicle market is the largest growth opportunity. The growing demand for increased energy density CAMs (e.g., high-nickel NCM, NCA) for long-range EVs persists. Potential exists to create materials that provide enhanced cycling stability, quicker charging rates, and better safety at high energy densities. The application is the capacity to generate EVs with longer driving ranges and lower-cost performance, which influences consumer buy-in, grows the size of the overall EV market, and creates huge demand for advanced CAMs.
  • Cost-Effectiveness and Longevity: The burgeoning market in grid-scale and residential energy storage systems offers tremendous growth potential for CAMs, especially low-cost and durable chemistries such as LFP and potentially sodium-ion. Strategic emphasis should be placed on materials providing high cycle life and thermal stability in support of long-duration storage. The effect is facilitating more integration of renewable energy sources into power grids, improving grid stability, and minimizing the use of fossil fuels for peak demand, directly enhancing demand for affordable and reliable CAMs.
  • Miniaturization and Fast Charging: Although a smaller market than EVs, consumer electronics (mobile phones, notebooks, wearables) still provide an opportunity for CAMs targeting miniaturization, high power density, and very rapid charging. There is an opportunity for dedicated CAMs to provide smaller, lighter batteries with enhanced performance. The effect is increased user experience in handheld devices, allowing longer battery life and power refilling at very fast rates, which continues to fuel development in compact, high-performance CAMs designed for various electronic devices.
  • Niche Performance Requirements: Aside from mainstream uses, there are specialty but value-laden application areas for CAMs in specialized industrial machinery, robotics, medical instruments, and aerospace. These applications demand special combinations of performance, reliability, and harsh operating conditions. The effect is the creation of highly tailored CAM solutions for niche, stringent environments, opening up premium market segments and illustrating the versatility of battery technology beyond conventional purposes, promoting specialist research and development.
  • Battery Recycling and Raw Material Supply: A growth strategy involves the design of efficient battery recycling processes for the recovery of valuable constituents of CAM and diversified, ethical sources of raw material. It is not a direct use of CAM, but it is pivotal for its sustainable development. The result is the establishment of a circular economy in battery materials, minimizing environmental footprint, lowering supply risks, and guaranteeing long-term access to critical minerals, making the entire CAM sector more sustainable and environmentally friendly.

These growth opportunities are having a significant influence on the cathode active material market by driving a dual trend towards high-performance materials for EVs and cost-effective, long-lasting solutions for energy storage. With added opportunities in consumer electronics, specialty applications, and the pivotal role of circular economy through recycling, the market is getting diversified, resilient, and ready for long-term growth. This multi-faceted strategy maintains CAMs at the forefront of the global energy transition.

Cathode Active Material Market Driver and Challenges

The market for cathode active material is subject to a rich tapestry of technology, economic, and regulatory forces acting both as powerful drivers of growth and as a number of difficult obstacles. A profound familiarity with these multilayered influences is necessary to navigate this fluid environment, as they determine the level of innovation, competitiveness in the market, and the general direction of the global battery sector.

The factors responsible for driving the cathode active material market include:

1. Meteoric Rise in Electric Vehicle Sales: The single biggest propeller for the CAM market is the historic worldwide ramp-up in electric vehicle (EV) adoption, driven by government subsidies, green agendas, and battery advancements. EVs are by far the most prominent users of lithium-ion batteries, with CAMs being the most important component of them. The implication is an ever-growing demand for CAMs with better energy density, faster charging speeds, and greater cycle life to accommodate the performance needs of future-generation EVs, driving market growth directly.

2. Scaling Up Renewable Energy Integration and Energy Storage Systems: Global transition towards renewable energy sources such as wind and solar power requires strong energy storage systems (ESS) to provide grid stability and reliability. Lithium-ion batteries, utilizing CAMs, are the core of such systems. The consequence is a huge requirement for cost-effective and durable CAMs for residential and grid-scale ESS, spurring innovation in materials that focus on cycle life and safety for stationary use, and supporting decarbonization globally.

3. Ongoing Improvements in Battery Technology: Sustained R&D in cell design and battery chemistry continues to enhance the performance, safety, and cost-effectiveness of lithium-ion batteries. This encompasses new developments in CAMs such as high-nickel chemistries, LFP developments, and the introduction of solid-state battery technology. The implication is a virtuous cycle of improvement where enhanced CAMs lead to improved batteries, fueling demand, and increasing application spaces, ensuring the competitive advantage and technological leadership of the CAM market.

4. Government Support through Incentives and Policies: Most governments around the globe are adopting aggressive policies, subsidies, and incentives to encourage the manufacture and usage of electric cars and renewable energy. This encompasses tax credits for the purchase of EVs, subsidies for battery production factories, and clean energy-supporting regulations. The implication is a tremendous growth in the overall battery supply chain, including production of CAM, through the provision of a favorable economic atmosphere and encouragement of investment in domestic manufacturing capacity in order to fulfill policy-driven demand.

5. Increasing Consumer Demand for High-Performance Electronics: As EVs reign supreme, ongoing demand for increasing power and longevity of portable electronic products, including smartphones, laptops, and wearables, continues to be a consistent enabler for certain CAMs. Users require faster charge rates, longer battery life, and thinner profiles. The implication is ongoing demand for specialized CAMs that support miniaturization and high energy density in small battery solutions, providing a consistent, if reduced, revenue stream and inducing innovation for niche uses.

Challenges in the cathode active material market are:

1. Unstable Raw Material Costs and Supply Chain Vulnerabilities: The CAM industry is challenged by high volatility in raw material prices (e.g., lithium, nickel, cobalt, manganese) and intrinsic supply chain risks in terms of geographical concentration of mining and processing. These are compounded by geopolitical tensions and a few new mining projects. The implication is price volatility in CAMs, higher cost of production, and possible supply disruptions, compelling manufacturers to diversify sources, look into recycling, and adopt long-term procurement practices to counter these challenges.

2. Environmental and Ethical Issues Related to Raw Material Procurement: The extraction of important battery metals, such as cobalt and nickel, tends to be linked to environmental degradation, child labor, and unethical behavior. This poses serious ethical and sustainability issues for CAM manufacturers and users. The consequence is growing pressure from consumers, regulators, and investors for responsible sourcing, clean supply chains, and increased investment in recycling, increasing the complexity and cost of CAM production to comply and uphold brand reputation.

3. Technological Challenges and Large-Scale New Chemistries; While new CAM chemistries hold out the promise of improved performance, scaling them up from the laboratory to commercial volumes is a formidable technological and financial challenge. Problems such as maintaining consistent quality, optimizing manufacturing processes, and providing long-term stability can prove troublesome. The implication is a slower rate of adoption for some novel CAMs, research and development expense, and the possibility of production inefficiencies, making a large investment in both money and expertise necessary to overcome these manufacturing difficulties.

The cathode active material industry is presently surfing the wave of exponential growth ushered by the electric vehicle and energy storage revolutions, underpinned by ongoing technological innovations and positive government policies. Yet, it is also facing huge challenges in handling volatile raw material markets, pivotal supply chain vulnerabilities, strict environmental and ethical issues, and the intrinsic challenge of scaling up new technologies. The future of the market will largely be determined by its capacity to strategically navigate these complexities, with sustainable and efficient production of these essential battery components.

List of Cathode Active Material Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cathode active material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cathode active material companies profiled in this report include-

  • Umicore
  • Shanshan
  • Easpring
  • MGL
  • BM
  • Reshine
  • Jinhe Share
  • Tianjiao Technology
  • Xiamen Tungsten
  • ANYUN

Cathode Active Material Market by Segment

The study includes a forecast for the global cathode active material market by type, application, and region.

Cathode Active Material Market by Type [Value from 2019 to 2031]:

  • NCA
  • NMC
  • LFP
  • LMO
  • LCO

Cathode Active Material Market by Application [Value from 2019 to 2031]:

  • Battery
  • Others

Cathode Active Material Market by Region [Value from 2019 to 2031]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

Country Wise Outlook for the Cathode Active Material Market

The cathode active material industry is going through explosive development, mainly due to the booming world demand for lithium-ion batteries used in electric vehicles (EVs) and energy storage systems (ESS). The latest updates prove that the industry is a dynamic environment where innovation in battery chemistry, securing supply chains of raw materials, and sustainable production efforts are all the rage. Nations across the globe are making significant investments in local manufacturing and research to achieve a competitive advantage and minimize dependency on foreign suppliers, remodeling the global battery market.

  • United States: The United States cathode active material market is growing at a fast pace with the support of the robust government support, including the Inflation Reduction Act. The act encourages local battery manufacturing and supply chain establishment. Industry leaders are expanding production capacity for nickel-dense cathodes to increase energy density for longer-range EVs. There is a major impetus, too, to build strong battery recycling networks to secure key minerals and eliminate dependence on foreign sources, creating a more local and sustainable industry.
  • China: China is still the leader in the global cathode active material market, holding the majority of the world's production capacity, mainly for lithium iron phosphate (LFP) chemistry. This is primarily because of its enormous domestic EV market, especially for low-cost electric vehicles and stationary energy storage. Chinese businesses continue to invest in building out LFP production and maximizing its energy density, making it a cost-effective and safe alternative for many battery applications.
  • Germany: Germany is making strategic inroads in the cathode active material industry with a focus on building localized production and recycling facilities. BASF is one of the many companies investing heavily in nickel-dense NMC cathode material production and supplying the growing European EV market. There is also significant focus on sustainability and circular economy concepts, with new factories incorporating cathode material manufacturing as well as recycling of batteries to ensure less dependency on raw materials imported and create a strong indigenous battery value chain.
  • India: India's cathode active material market is in a developing but fast-growing stage, led by ambitious electric vehicle goals and renewable energy policies. The government's Production-Linked Incentive (PLI) programs are luring investments for local battery and CAM manufacturing. Players are aiming to set up India's first LFP cathode giga-factories, with the target of self-reliance in battery material imports and curbing dependence on Chinese imports, while seeking strategic alliances for raw material sourcing to develop a strong domestic supply chain.
  • Japan: The Japan cathode active material market is centered on premium, advanced chemistries, notably nickel-based chemistries such as NCA and NMC, for high-performance use in EVs and specialized electronics. Though not behind China in volume, Japanese firms are known for their technology and research and development of next-generation battery materials, such as solid-state batteries. Strategic alliances and foreign capacity expansions are the dominant trends, using their knowledge base to supply global battery producers.

Features of the Global Cathode Active Material Market

  • Market Size Estimates: Cathode active material market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
  • Segmentation Analysis: Cathode active material market size by type, application, and region in terms of value ($B).
  • Regional Analysis: Cathode active material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the cathode active material market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cathode active material market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers following 11 key questions:

  • Q.1. What are some of the most promising, high-growth opportunities for the cathode active material market by type (NCA, NMC, LFP, LMO, and LCO), application (battery and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Q.2. Which segments will grow at a faster pace and why?
  • Q.3. Which region will grow at a faster pace and why?
  • Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • Q.5. What are the business risks and competitive threats in this market?
  • Q.6. What are the emerging trends in this market and the reasons behind them?
  • Q.7. What are some of the changing demands of customers in the market?
  • Q.8. What are the new developments in the market? Which companies are leading these developments?
  • Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Market Overview

  • 2.1 Background and Classifications
  • 2.2 Supply Chain

3. Market Trends & Forecast Analysis

  • 3.2 Industry Drivers and Challenges
  • 3.3 PESTLE Analysis
  • 3.4 Patent Analysis
  • 3.5 Regulatory Environment

4. Global Cathode Active Material Market by Type

  • 4.1 Overview
  • 4.2 Attractiveness Analysis by Type
  • 4.3 NCA: Trends and Forecast (2019-2031)
  • 4.4 NMC: Trends and Forecast (2019-2031)
  • 4.5 LFP: Trends and Forecast (2019-2031)
  • 4.6 LMO: Trends and Forecast (2019-2031)
  • 4.7 LCO: Trends and Forecast (2019-2031)

5. Global Cathode Active Material Market by Application

  • 5.1 Overview
  • 5.2 Attractiveness Analysis by Application
  • 5.3 Battery: Trends and Forecast (2019-2031)
  • 5.4 Others: Trends and Forecast (2019-2031)

6. Regional Analysis

  • 6.1 Overview
  • 6.2 Global Cathode Active Material Market by Region

7. North American Cathode Active Material Market

  • 7.1 Overview
  • 7.2 North American Cathode Active Material Market by Type
  • 7.3 North American Cathode Active Material Market by Application
  • 7.4 United States Cathode Active Material Market
  • 7.5 Mexican Cathode Active Material Market
  • 7.6 Canadian Cathode Active Material Market

8. European Cathode Active Material Market

  • 8.1 Overview
  • 8.2 European Cathode Active Material Market by Type
  • 8.3 European Cathode Active Material Market by Application
  • 8.4 German Cathode Active Material Market
  • 8.5 French Cathode Active Material Market
  • 8.6 Spanish Cathode Active Material Market
  • 8.7 Italian Cathode Active Material Market
  • 8.8 United Kingdom Cathode Active Material Market

9. APAC Cathode Active Material Market

  • 9.1 Overview
  • 9.2 APAC Cathode Active Material Market by Type
  • 9.3 APAC Cathode Active Material Market by Application
  • 9.4 Japanese Cathode Active Material Market
  • 9.5 Indian Cathode Active Material Market
  • 9.6 Chinese Cathode Active Material Market
  • 9.7 South Korean Cathode Active Material Market
  • 9.8 Indonesian Cathode Active Material Market

10. ROW Cathode Active Material Market

  • 10.1 Overview
  • 10.2 ROW Cathode Active Material Market by Type
  • 10.3 ROW Cathode Active Material Market by Application
  • 10.4 Middle Eastern Cathode Active Material Market
  • 10.5 South American Cathode Active Material Market
  • 10.6 African Cathode Active Material Market

11. Competitor Analysis

  • 11.1 Product Portfolio Analysis
  • 11.2 Operational Integration
  • 11.3 Porter's Five Forces Analysis
    • Competitive Rivalry
    • Bargaining Power of Buyers
    • Bargaining Power of Suppliers
    • Threat of Substitutes
    • Threat of New Entrants
  • 11.4 Market Share Analysis

12. Opportunities & Strategic Analysis

  • 12.1 Value Chain Analysis
  • 12.2 Growth Opportunity Analysis
    • 12.2.1 Growth Opportunities by Type
    • 12.2.2 Growth Opportunities by Application
  • 12.3 Emerging Trends in the Global Cathode Active Material Market
  • 12.4 Strategic Analysis
    • 12.4.1 New Product Development
    • 12.4.2 Certification and Licensing
    • 12.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures

13. Company Profiles of the Leading Players Across the Value Chain

  • 13.1 Competitive Analysis
  • 13.2 Umicore
    • Company Overview
    • Cathode Active Material Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.3 Shanshan
    • Company Overview
    • Cathode Active Material Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.4 Easpring
    • Company Overview
    • Cathode Active Material Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.5 MGL
    • Company Overview
    • Cathode Active Material Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.6 BM
    • Company Overview
    • Cathode Active Material Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.7 Reshine
    • Company Overview
    • Cathode Active Material Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.8 Jinhe Share
    • Company Overview
    • Cathode Active Material Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.9 Tianjiao Technology
    • Company Overview
    • Cathode Active Material Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.10 Xiamen Tungsten
    • Company Overview
    • Cathode Active Material Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.11 ANYUN
    • Company Overview
    • Cathode Active Material Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing

14. Appendix

  • 14.1 List of Figures
  • 14.2 List of Tables
  • 14.3 Research Methodology
  • 14.4 Disclaimer
  • 14.5 Copyright
  • 14.6 Abbreviations and Technical Units
  • 14.7 About Us
  • 14.8 Contact Us

List of Figures

  • Figure 1.1: Trends and Forecast for the Global Cathode Active Material Market
  • Figure 2.1: Usage of Cathode Active Material Market
  • Figure 2.2: Classification of the Global Cathode Active Material Market
  • Figure 2.3: Supply Chain of the Global Cathode Active Material Market
  • Figure 3.1: Driver and Challenges of the Cathode Active Material Market
  • Figure 3.2: PESTLE Analysis
  • Figure 3.3: Patent Analysis
  • Figure 3.4: Regulatory Environment
  • Figure 4.1: Global Cathode Active Material Market by Type in 2019, 2024, and 2031
  • Figure 4.2: Trends of the Global Cathode Active Material Market ($B) by Type
  • Figure 4.3: Forecast for the Global Cathode Active Material Market ($B) by Type
  • Figure 4.4: Trends and Forecast for NCA in the Global Cathode Active Material Market (2019-2031)
  • Figure 4.5: Trends and Forecast for NMC in the Global Cathode Active Material Market (2019-2031)
  • Figure 4.6: Trends and Forecast for LFP in the Global Cathode Active Material Market (2019-2031)
  • Figure 4.7: Trends and Forecast for LMO in the Global Cathode Active Material Market (2019-2031)
  • Figure 4.8: Trends and Forecast for LCO in the Global Cathode Active Material Market (2019-2031)
  • Figure 5.1: Global Cathode Active Material Market by Application in 2019, 2024, and 2031
  • Figure 5.2: Trends of the Global Cathode Active Material Market ($B) by Application
  • Figure 5.3: Forecast for the Global Cathode Active Material Market ($B) by Application
  • Figure 5.4: Trends and Forecast for Battery in the Global Cathode Active Material Market (2019-2031)
  • Figure 5.5: Trends and Forecast for Others in the Global Cathode Active Material Market (2019-2031)
  • Figure 6.1: Trends of the Global Cathode Active Material Market ($B) by Region (2019-2024)
  • Figure 6.2: Forecast for the Global Cathode Active Material Market ($B) by Region (2025-2031)
  • Figure 7.1: North American Cathode Active Material Market by Type in 2019, 2024, and 2031
  • Figure 7.2: Trends of the North American Cathode Active Material Market ($B) by Type (2019-2024)
  • Figure 7.3: Forecast for the North American Cathode Active Material Market ($B) by Type (2025-2031)
  • Figure 7.4: North American Cathode Active Material Market by Application in 2019, 2024, and 2031
  • Figure 7.5: Trends of the North American Cathode Active Material Market ($B) by Application (2019-2024)
  • Figure 7.6: Forecast for the North American Cathode Active Material Market ($B) by Application (2025-2031)
  • Figure 7.7: Trends and Forecast for the United States Cathode Active Material Market ($B) (2019-2031)
  • Figure 7.8: Trends and Forecast for the Mexican Cathode Active Material Market ($B) (2019-2031)
  • Figure 7.9: Trends and Forecast for the Canadian Cathode Active Material Market ($B) (2019-2031)
  • Figure 8.1: European Cathode Active Material Market by Type in 2019, 2024, and 2031
  • Figure 8.2: Trends of the European Cathode Active Material Market ($B) by Type (2019-2024)
  • Figure 8.3: Forecast for the European Cathode Active Material Market ($B) by Type (2025-2031)
  • Figure 8.4: European Cathode Active Material Market by Application in 2019, 2024, and 2031
  • Figure 8.5: Trends of the European Cathode Active Material Market ($B) by Application (2019-2024)
  • Figure 8.6: Forecast for the European Cathode Active Material Market ($B) by Application (2025-2031)
  • Figure 8.7: Trends and Forecast for the German Cathode Active Material Market ($B) (2019-2031)
  • Figure 8.8: Trends and Forecast for the French Cathode Active Material Market ($B) (2019-2031)
  • Figure 8.9: Trends and Forecast for the Spanish Cathode Active Material Market ($B) (2019-2031)
  • Figure 8.10: Trends and Forecast for the Italian Cathode Active Material Market ($B) (2019-2031)
  • Figure 8.11: Trends and Forecast for the United Kingdom Cathode Active Material Market ($B) (2019-2031)
  • Figure 9.1: APAC Cathode Active Material Market by Type in 2019, 2024, and 2031
  • Figure 9.2: Trends of the APAC Cathode Active Material Market ($B) by Type (2019-2024)
  • Figure 9.3: Forecast for the APAC Cathode Active Material Market ($B) by Type (2025-2031)
  • Figure 9.4: APAC Cathode Active Material Market by Application in 2019, 2024, and 2031
  • Figure 9.5: Trends of the APAC Cathode Active Material Market ($B) by Application (2019-2024)
  • Figure 9.6: Forecast for the APAC Cathode Active Material Market ($B) by Application (2025-2031)
  • Figure 9.7: Trends and Forecast for the Japanese Cathode Active Material Market ($B) (2019-2031)
  • Figure 9.8: Trends and Forecast for the Indian Cathode Active Material Market ($B) (2019-2031)
  • Figure 9.9: Trends and Forecast for the Chinese Cathode Active Material Market ($B) (2019-2031)
  • Figure 9.10: Trends and Forecast for the South Korean Cathode Active Material Market ($B) (2019-2031)
  • Figure 9.11: Trends and Forecast for the Indonesian Cathode Active Material Market ($B) (2019-2031)
  • Figure 10.1: ROW Cathode Active Material Market by Type in 2019, 2024, and 2031
  • Figure 10.2: Trends of the ROW Cathode Active Material Market ($B) by Type (2019-2024)
  • Figure 10.3: Forecast for the ROW Cathode Active Material Market ($B) by Type (2025-2031)
  • Figure 10.4: ROW Cathode Active Material Market by Application in 2019, 2024, and 2031
  • Figure 10.5: Trends of the ROW Cathode Active Material Market ($B) by Application (2019-2024)
  • Figure 10.6: Forecast for the ROW Cathode Active Material Market ($B) by Application (2025-2031)
  • Figure 10.7: Trends and Forecast for the Middle Eastern Cathode Active Material Market ($B) (2019-2031)
  • Figure 10.8: Trends and Forecast for the South American Cathode Active Material Market ($B) (2019-2031)
  • Figure 10.9: Trends and Forecast for the African Cathode Active Material Market ($B) (2019-2031)
  • Figure 11.1: Porter's Five Forces Analysis of the Global Cathode Active Material Market
  • Figure 11.2: Market Share (%) of Top Players in the Global Cathode Active Material Market (2024)
  • Figure 12.1: Growth Opportunities for the Global Cathode Active Material Market by Type
  • Figure 12.2: Growth Opportunities for the Global Cathode Active Material Market by Application
  • Figure 12.3: Growth Opportunities for the Global Cathode Active Material Market by Region
  • Figure 12.4: Emerging Trends in the Global Cathode Active Material Market

List of Tables

  • Table 1.1: Growth Rate (%, 2023-2024) and CAGR (%, 2025-2031) of the Cathode Active Material Market by Type and Application
  • Table 1.2: Attractiveness Analysis for the Cathode Active Material Market by Region
  • Table 1.3: Global Cathode Active Material Market Parameters and Attributes
  • Table 3.1: Trends of the Global Cathode Active Material Market (2019-2024)
  • Table 3.2: Forecast for the Global Cathode Active Material Market (2025-2031)
  • Table 4.1: Attractiveness Analysis for the Global Cathode Active Material Market by Type
  • Table 4.2: Market Size and CAGR of Various Type in the Global Cathode Active Material Market (2019-2024)
  • Table 4.3: Market Size and CAGR of Various Type in the Global Cathode Active Material Market (2025-2031)
  • Table 4.4: Trends of NCA in the Global Cathode Active Material Market (2019-2024)
  • Table 4.5: Forecast for NCA in the Global Cathode Active Material Market (2025-2031)
  • Table 4.6: Trends of NMC in the Global Cathode Active Material Market (2019-2024)
  • Table 4.7: Forecast for NMC in the Global Cathode Active Material Market (2025-2031)
  • Table 4.8: Trends of LFP in the Global Cathode Active Material Market (2019-2024)
  • Table 4.9: Forecast for LFP in the Global Cathode Active Material Market (2025-2031)
  • Table 4.10: Trends of LMO in the Global Cathode Active Material Market (2019-2024)
  • Table 4.11: Forecast for LMO in the Global Cathode Active Material Market (2025-2031)
  • Table 4.12: Trends of LCO in the Global Cathode Active Material Market (2019-2024)
  • Table 4.13: Forecast for LCO in the Global Cathode Active Material Market (2025-2031)
  • Table 5.1: Attractiveness Analysis for the Global Cathode Active Material Market by Application
  • Table 5.2: Market Size and CAGR of Various Application in the Global Cathode Active Material Market (2019-2024)
  • Table 5.3: Market Size and CAGR of Various Application in the Global Cathode Active Material Market (2025-2031)
  • Table 5.4: Trends of Battery in the Global Cathode Active Material Market (2019-2024)
  • Table 5.5: Forecast for Battery in the Global Cathode Active Material Market (2025-2031)
  • Table 5.6: Trends of Others in the Global Cathode Active Material Market (2019-2024)
  • Table 5.7: Forecast for Others in the Global Cathode Active Material Market (2025-2031)
  • Table 6.1: Market Size and CAGR of Various Regions in the Global Cathode Active Material Market (2019-2024)
  • Table 6.2: Market Size and CAGR of Various Regions in the Global Cathode Active Material Market (2025-2031)
  • Table 7.1: Trends of the North American Cathode Active Material Market (2019-2024)
  • Table 7.2: Forecast for the North American Cathode Active Material Market (2025-2031)
  • Table 7.3: Market Size and CAGR of Various Type in the North American Cathode Active Material Market (2019-2024)
  • Table 7.4: Market Size and CAGR of Various Type in the North American Cathode Active Material Market (2025-2031)
  • Table 7.5: Market Size and CAGR of Various Application in the North American Cathode Active Material Market (2019-2024)
  • Table 7.6: Market Size and CAGR of Various Application in the North American Cathode Active Material Market (2025-2031)
  • Table 7.7: Trends and Forecast for the United States Cathode Active Material Market (2019-2031)
  • Table 7.8: Trends and Forecast for the Mexican Cathode Active Material Market (2019-2031)
  • Table 7.9: Trends and Forecast for the Canadian Cathode Active Material Market (2019-2031)
  • Table 8.1: Trends of the European Cathode Active Material Market (2019-2024)
  • Table 8.2: Forecast for the European Cathode Active Material Market (2025-2031)
  • Table 8.3: Market Size and CAGR of Various Type in the European Cathode Active Material Market (2019-2024)
  • Table 8.4: Market Size and CAGR of Various Type in the European Cathode Active Material Market (2025-2031)
  • Table 8.5: Market Size and CAGR of Various Application in the European Cathode Active Material Market (2019-2024)
  • Table 8.6: Market Size and CAGR of Various Application in the European Cathode Active Material Market (2025-2031)
  • Table 8.7: Trends and Forecast for the German Cathode Active Material Market (2019-2031)
  • Table 8.8: Trends and Forecast for the French Cathode Active Material Market (2019-2031)
  • Table 8.9: Trends and Forecast for the Spanish Cathode Active Material Market (2019-2031)
  • Table 8.10: Trends and Forecast for the Italian Cathode Active Material Market (2019-2031)
  • Table 8.11: Trends and Forecast for the United Kingdom Cathode Active Material Market (2019-2031)
  • Table 9.1: Trends of the APAC Cathode Active Material Market (2019-2024)
  • Table 9.2: Forecast for the APAC Cathode Active Material Market (2025-2031)
  • Table 9.3: Market Size and CAGR of Various Type in the APAC Cathode Active Material Market (2019-2024)
  • Table 9.4: Market Size and CAGR of Various Type in the APAC Cathode Active Material Market (2025-2031)
  • Table 9.5: Market Size and CAGR of Various Application in the APAC Cathode Active Material Market (2019-2024)
  • Table 9.6: Market Size and CAGR of Various Application in the APAC Cathode Active Material Market (2025-2031)
  • Table 9.7: Trends and Forecast for the Japanese Cathode Active Material Market (2019-2031)
  • Table 9.8: Trends and Forecast for the Indian Cathode Active Material Market (2019-2031)
  • Table 9.9: Trends and Forecast for the Chinese Cathode Active Material Market (2019-2031)
  • Table 9.10: Trends and Forecast for the South Korean Cathode Active Material Market (2019-2031)
  • Table 9.11: Trends and Forecast for the Indonesian Cathode Active Material Market (2019-2031)
  • Table 10.1: Trends of the ROW Cathode Active Material Market (2019-2024)
  • Table 10.2: Forecast for the ROW Cathode Active Material Market (2025-2031)
  • Table 10.3: Market Size and CAGR of Various Type in the ROW Cathode Active Material Market (2019-2024)
  • Table 10.4: Market Size and CAGR of Various Type in the ROW Cathode Active Material Market (2025-2031)
  • Table 10.5: Market Size and CAGR of Various Application in the ROW Cathode Active Material Market (2019-2024)
  • Table 10.6: Market Size and CAGR of Various Application in the ROW Cathode Active Material Market (2025-2031)
  • Table 10.7: Trends and Forecast for the Middle Eastern Cathode Active Material Market (2019-2031)
  • Table 10.8: Trends and Forecast for the South American Cathode Active Material Market (2019-2031)
  • Table 10.9: Trends and Forecast for the African Cathode Active Material Market (2019-2031)
  • Table 11.1: Product Mapping of Cathode Active Material Suppliers Based on Segments
  • Table 11.2: Operational Integration of Cathode Active Material Manufacturers
  • Table 11.3: Rankings of Suppliers Based on Cathode Active Material Revenue
  • Table 12.1: New Product Launches by Major Cathode Active Material Producers (2019-2024)
  • Table 12.2: Certification Acquired by Major Competitor in the Global Cathode Active Material Market