Global Cathode Active Materials Market Forecast to 2030
The global Cathode Active Materials (CAM) market size reached USD 16.43 Billion in 2021 and is expected to register a revenue CAGR of 8.7% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for electric vehicles due to their ability to provide improved performance while reducing vehicle emissions is a major factor driving market revenue growth. In addition, technological advancements in the automotive industry and innovation in e-mobility technology trends are another key factor driving market revenue growth in various countries. Today’s electric vehicles incorporate lithium-ion batteries due to their high energy per unit mass relative to other electrical energy storage systems. They also have a high power-to-weight ratio, outstanding high-temperature performance, and minimal self-discharge. A CAM is made into a slurry and then uniformly deposited on a current collector in traditional lithium-ion battery production. NMP, a dangerous and high-boiling-point solvent, is required. This method necessitates the use of energy, space, and money for drying and recycling. As a result, companies are investing in research and development activities and implementing strategies to adhere to environmental standards in various countries.
The top competitors in the market, their goals for business expansion, and their development strategies are all closely examined in the Cathode Active Materials Market report. The archive encourages businesspeople to look up information about potential customers and places where they might be located. The review, which only highlights the greatest sellers, can help entrepreneurs find potential customers and discover more about their local market.
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Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
Umicore, 3M, Mitsubishi Chemical Group Corporation, Posco chemical, BASF SE, Hitachi Metals, Ltd., Kureha Corporation, Sumitomo Metal Mining Co., Ltd., Mitsui Co., Ltd., NEI Corporation
Market Dynamics:
The report offers insightful information about the market dynamics of the Cathode Active Materials market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Cathode Active Materials market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Cathode Active Materials market.
Radical Highlights of the Cathode Active Materials Market Report:
Comprehensive overview of the Cathode Active Materials market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and RD advancements on the Cathode Active Materials market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Some Key Highlights From the Report
The lithium-ion cathode materials segment accounted for a significant revenue share in 2021. Rising demand to meet energy storage needs for the electric power grid and electric vehicle use are major factors driving the segment’s revenue growth. Efforts are being made to replace lithium-ion battery components with more cost-effective, environmentally friendly, and safe materials. Longer-term storage technologies, such as flow batteries, have the potential to help with the integration of renewable energy sources for power generation while decreasing reliance on fossil fuels. Companies in the market are focusing on strengthening relationships and investing in high-quality battery technologies.
The lithium-ion batteries segment accounted for a significant revenue share in 2021. Strategic partnerships and rapid product innovations are major factors driving market revenue growth. For instance, on 21 December 2022, Lion Electric Company, which is a major manufacturer of all-electric medium and heavy-duty urban vehicles, announced the completion of production of its first lithium-ion battery pack at the company's Mirabel, Quebec battery manufacturing facility. The first battery pack is planned to be certified in the first quarter of 2023, followed by a steady scale-up of production in 2023. The first Mirabel batteries will power the Lion5 truck and the LionAmbulance, which are slated to enter commercial production in the first part of 2023. Significant investments in the expansion of existing manufacturing capabilities are major factors driving the segment’s revenue growth in various countries. Market companies are actively seeking new and reliable technologies that incorporate unique features for their users and everyday needs.
Market in Asia Pacific accounted for a significant revenue share in 2021. Increasing energy consumption and rapid advancements in battery energy storage systems are major factors driving the market revenue growth. In addition, governments in various countries in this region are focusing on reducing industrial emissions. This is another key factor driving the market revenue growth.
Cathode Active Materials Market Segmentation:
Market Overview:
The report bifurcates the Cathode Active Materials market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Material Type Outlook (Revenue, USD Billion; 2019-2030)
Lithium-Ion Cathode Materials
Lead-Acid Cathode Materials
Other Cathode Materials
Battery Type Outlook (Revenue, USD Billion; 2019-2030)
Lithium-Ion-Batteries
Lead-Acid-Batteries
Others
Regional Outlook (Revenue, USD Billion; 2019–2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the Cathode Active Materials Market report is an exhaustive database that will help readers formulate lucrative strategies. The Cathode Active Materials Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Cathode Active Materials market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Cathode Active Materials with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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