Lithium-ion Battery Cathode Market to Witness Steady Expansion During 2019-2029
This Fact.MR study measures the leaps of lithium-ion battery cathode market for the historical period 2014-2018 and forecast period 2019-2029. An impressive CAGR of ~13% has been estimated for the lithium-ion battery cathode market landscape, through 2029.
We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the lithium-ion battery cathode market growth. For enhancing readers’ experience, the report starts with a basic overview about the lithium-ion battery cathode and its classification. Further, we have considered 2018 as the base year, 2019 as the estimated year, 2019 – 2029 as the stipulated timeframe.
Competitive Assessment: The lithium-ion battery cathode market report includes global as well as emerging players:
- NEI Corporation
- Targray Technology International, Inc.
- Fujitsu Limited
- NICHIA Corporation
Fact.MR, in its latest study, tracks the growth trajectory of the global lithium-ion battery cathode market. The report suggests that lithium-ion battery cathode sales reached the volume of 235,439 tons in 2018, equivalent to the revenues worth ~US$ 4 Bn. Prominently fueled by the climbing sales of electric vehicles, the demand for Li-ion battery cathode will also be upheld by the emergence of new lithium-ion generation and convergence of cathode & lithium-ion battery across the globe.
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Opportunities for lithium-ion battery cathode manufacturers are also likely to remain influenced by the tightening regulatory scenario facing the automotive industry, which prominently includes fuel emission norms. As identified by the Fact.MR report, a notable surge in automotive production and sales will continue to work in favor of leading market players in the lithium-ion battery cathode space.
Developing Regional Markets Reflect High Growth Potential
Lithium-ion battery cathode sales are expected to remain concentrated in the legacy markets, i.e. China, Japan, South Korea, and the U.S., attributing to strong production footprint of industry giants in these countries. While this is being perceived to be an instrumental factor for manufacturers seeking to build their production and channelization strategies,
As per the report findings, lithium-ion battery cathode is likely to spectate a higher rate of adoption in the consumer electronics segment. As consumers’ quest for improved battery life remains open, manufacturers of consumer electronics operate under the stress to integrate batteries with compact size and increased lifespan. With the trends of ‘portability’ further infiltrating into the consumers’ space, adoption of lithium-ion battery cathode is more likely to grow at an exponential pace in the consumer electronics industry.
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Key players operating in the lithium-ion battery cathode market have been striving to consolidate their position by gaining reciprocal advantage from their equivalents through M&A activities. In addition, since efficiency remains an attractive proposition for lithium-ion battery cathode, manufacturers continue to leverage the prowess of technology to boost product lifespan.
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