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市场调查报告书
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1823950

正极活性材料市场报告：2031 年趋势、预测与竞争分析

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个工作天内

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得益于电池市场的机会，全球正极活性材料市场前景光明。预计2025年至2031年，全球正极活性材料市场的复合年增长率将达9.5%。该市场的主要驱动力包括电动车需求的不断增长、可再生能源的日益普及以及对储能的日益关注。

  • Lucintel 预测，NMC 将在预测期内实现所有类型中最高的成长。
  • 从应用来看，电池仍然占据很大份额。
  • 按地区划分，预计亚太地区将在预测期内实现最高成长。

正极活性材料市场新趋势

正极活性材料市场正经历一个变革阶段，这得益于全球对经济高效、高性能且永续电池日益增长的需求。不断发展的趋势反映出一种内在的转变，即转向创新材料化学、改进生产流程以及注重环境管理。该行业正在积极寻找解决方案，以提高能量密度、提升安全标准、最大限度地减少对关键原材料的依赖，并塑造电动车和储能的未来。

  • 正极化学成分多角化，告别镍钴锰电池：此趋势是指其他正极化学成分在传统NCM（镍钴锰电池）之外的扩展，其中磷酸锂铁（LFP）在价格敏感型应用领域的应用显着增加，磷酸铁锂（LMFP）和钠锰正极的研究也得到拓展。这种多元化旨在减少对昂贵且伦理道德复杂的钴和镍的依赖，同时提高安全性并延长某些应用的循环寿命。其结果是打造一个更稳健、更具适应性的供应链，以满足各种电池性能和成本需求，从而促进电动车和能源储存系统的大规模普及。
  • 富镍正极材料兴起，能量密度更高：儘管正极材料正朝着多元化发展，但富镍NCM（例如NCM811）和镍钴铝（NCA）正极材料的进步和商业化仍然是主流趋势。这些材料具有更高的能量密度，这对于实现更长的电动车续航里程和更高的固定係统储能容量至关重要。结果是提升了电池性能、充电速度和功率输出，这对于汽车产业打造更具竞争力和吸引力的电动车至关重要。它们也推动了镍提取和加工技术的创新。
  • 原料的永续采购和回收：全球对建造锂、钴、镍等关键原材料的永续和负责任的供应链的兴趣日益浓厚。这一趋势包括对直接开采、本地加工以及最引人注目的电池回收技术的投资增加。这将加速电池材料向循环经济的转型，减少环境影响，应对地缘政治供应风险，并确保对正极生产至关重要的矿物的长期供应。这也将催生新的材料回收经营模式。
  • 固态电池正极材料开发创新：固体正极材料的开发是重要的新趋势。固态电池比传统锂离子电池具有更高的能量密度、更高的安全性（不含易燃液体电解）和更长的使用寿命。这有望成为电池技术的颠覆性进步，从根本上改变电动车和手持电子设备的性能水平，并推动固体正极新材料成分和製造过程的研发。
  • 人工智慧与数位化在正极材料製造中的融合：在正极活性材料的发现、开发和生产中使用人工智慧 (AI)、机器学习和先进的数位化工具是一个强大的新兴趋势。这包括将人工智慧应用于材料发现、合成製程优化和增强品管。其效果是缩短创新週期、提高生产效率、最大限度地减少製造缺陷，并最终快速开发和扩大下一代正极材料的规模，使其性能特征更佳、製造成本更低。

这些新兴趋势正深刻地改变正极活性材料市场，并推动着电池创新的多维度策略。化学成分的多样化、对更高能量密度的追求、对更高永续性的承诺、固体技术的进步以及先进数位化工具的采用，共同推动着一个更强大、更具成本效益、更环保的行业，推动先进电池技术在各种应用中的广泛应用。

正极活性材料市场的最新趋势

正极活性材料产业正处于全球能源革命的前沿，其蓬勃发展的技术革命正受到对尖端电池技术的持续渴望的推动。这些最新的变化源自于全产业致力于提升电池性能、降低成本和应对固有供应链风险的努力。为了满足电动车和储能市场日益增长的需求，业界越来越重视负责任的实践和材料化学的多样化。

  • 磷酸锂铁製造投资不断增长：由于磷酸锂铁(LFP) 正极活性材料卓越的安全性、更低的成本和更长的循环寿命，全球范围内（尤其是在中国以外）对 LFP 的投资和产能扩张正在激增。这将促进全球 CAM 供应链的多元化，减少对镍和钴的依赖，从而提供更低成本的电池选择，并加速电动车在各个细分市场的普及。
  • 先进富镍正极材料的进展：近期趋势是高镍正极材料（例如 NCM811 和 NCA）的开发和规模化。各公司正致力于优化稳定性、循环寿命和能量密度，以满足远距电动车的需求。这涉及颗粒形貌、掺杂技术和涂层技术的开发。其结果是提升电池性能，延长续航里程并缩短充电时间，这对于希望向消费者提供具有竞争力的产品的电动车製造商至关重要。
  • 实现亚洲以外地区CAM供应链的本地化：北美和欧洲国家正在大力投资正极活性材料製造的本地化，以最大限度地减少对亚洲（尤其是中国）供应商的依赖。这包括建立新的正极活性材料製造设施，并透过伙伴关係和国内采矿计划直接取得原料。结果是，供应链更具韧性，地缘政治风险降低，国内就业机会增加，全球CAM产能分布更为均衡。
  • 电池回收和CAM材料城市采矿：电池回收技术正在取得重大进展，可以从废弃电池中提取有价值的正极材料，从而有效地建立电池矿物的循环经济。这些「城市矿山」减少了传统采矿的环境足迹，并改变了原料的来源。结果是CAM生产所需的金属供应更清洁、稳定，原料价格波动降低，并透过减少废弃物和减少碳足迹来带来环境效益。
  • 钠离子电池正极材料的研发与商业化：钠离子电池正极材料的研发与商业化虽然仍处于起步阶段，但正稳步推进。由于钠的易得性和低成本，这项技术为锂离子电池提供了一个极具吸引力的替代方案，尤其是在固定式储能和低成本电动车领域。其效果在于进一步丰富电池化学成分，减少对锂的依赖，并提供更经济的储能方案，特别适用于电网规模应用和新兴市场。

这些新发展共同影响着阴极活性材料市场，推动了电池化学多样化、供应链本地化、透过回收实现永续性以及对钠离子电池等下一代技术的探索，创造了一个强劲、有弹性和绿色的市场，从而推动了电动汽车和可再生能源储存解决方案在全球范围内的大规模扩张。

目录

第一章执行摘要

第二章 市场概况

  • 背景和分类
  • 供应链

第三章：市场趋势及预测分析

  • 产业驱动力与挑战
  • PESTLE分析
  • 专利分析
  • 法规环境

第四章全球正极活性材料市场（按类型）

  • 概述
  • 吸引力分析：按类型
  • NCA：趋势与预测（2019-2031）
  • NMC：趋势与预测（2019-2031）
  • LFP：趋势与预测（2019-2031）
  • LMO：趋势与预测（2019-2031）
  • LCO：趋势与预测（2019-2031）

5. 全球正极活性材料市场（依应用）

  • 概述
  • 吸引力分析：按用途
  • 电池：趋势与预测（2019-2031）
  • 其他：趋势与预测（2019-2031）

第六章 区域分析

  • 概述
  • 全球正极活性材料市场（按地区）

7. 北美正极活性材料市场

  • 概述
  • 北美阴极活性材料市场（按类型）
  • 北美阴极活性材料市场（按应用）
  • 美国正极活性材料市场
  • 墨西哥正极活性材料市场
  • 加拿大阴极活性材料市场

8. 欧洲正极活性材料市场

  • 概述
  • 欧洲阴极活性材料市场（按类型）
  • 欧洲阴极活性材料市场（按应用）
  • 德国正极活性材料市场
  • 法国正极活性材料市场
  • 西班牙正极活性材料市场
  • 义大利正极活性材料市场
  • 英国阴极活性材料市场

9. 亚太正极活性材料市场

  • 概述
  • 亚太地区正极活性材料市场（按类型）
  • 亚太地区正极活性材料市场（依应用）
  • 日本正极活性材料市场
  • 印度正极活性材料市场
  • 中国正极活性材料市场
  • 韩国正极活性材料市场
  • 印尼正极活性材料市场

第十章世界其他地区（ROW）正极活性材料市场

  • 概述
  • 世界其他地区阴极活性材料市场（按类型）
  • 世界其他地区正极活性材料市场（按应用）
  • 中东正极活性材料市场
  • 南美洲正极活性材料市场
  • 非洲正极活性材料市场

第11章 竞争分析

  • 产品系列分析
  • 营运整合
  • 波特五力分析
    • 竞争对手之间的竞争
    • 买方议价能力
    • 供应商的议价能力
    • 替代品的威胁
    • 新进入者的威胁
  • 市占率分析

第十二章：机会与策略分析

  • 价值链分析
  • 成长机会分析
    • 按类型分類的成长机会
    • 按应用分類的成长机会
  • 全球正极活性材料市场的新趋势
  • 战略分析
    • 新产品开发
    • 认证和许可
    • 企业合併（M&A）、协议、合作与合资

第十三章 价值链主要企业概况

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

第十四章 附录

  • 图表列表
  • 表格列表
  • 分析方法
  • 免责声明
  • 版权
  • 简称和技术单位
  • 关于 Lucintel
  • 询问

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