China Cathode Material Output Posted 43% YoY Increase in 2016, Says Chisult Insight in Its New Report Published at MarketPublishers.com
27 Jul 2017 • by Natalie Aster
LONDON – China’s cathode material output reached 161.6 kilotons (kt) in 2016, demonstrating a 43% YoY increase. The growth was largely fuelled by 60% output growth in the power battery market. In 2016, the growth of the production value of the domestic cathode material was faster compared to its output owing to the ongoing hike in prices.
China’s NCM&NCA output stood at 54.3 thousand tonnes as of 2016, posting a 48.8% growth rate; production value grew by over 60% to reach just over USD 1.18 billion. Among the major 4 kinds of cathode materials, it captures the largest share of total production value. In Q1 2017 still followed a high growth trajectory with a 68% hike in production. By 2020, the demand for NCM and NCA in China is poised to grow to 208 and 20.4 kt, respectively.
The output of LFP was 57 kt in 2016, increasing by 75% YoY. The demand was supported by the development of power battery and energy storage battery markets. But on the back of the original limitation of LFP’s power density, the use of LFP is likely to follow a downturn trend after 2018-2019.
To date, Chinese manufacturers, like CATL, Guoxuan High-tech Power, GEM, B&M Science and Technology, among others, are developing high-nickelic NCM/NCA materials. But this type of material has high technical barriers, especially in the preparation techniques and production environment.
New research report “China Cathode Material(NCM/NCA/LFP) Industry PEST Ananlysis and Top 14 Manufacturers in-depth Survey,2017 to 2020 forcast(updated 2017.7)” developed by Chisult Insight is a great source of valuable information on the actual situation in the cathode material market on a national level.
The report provides an industry PEST analysis, covering product descriptions, policy environment, offers an analysis of the market as a whole and by key segments on a global level and in China. Market prices for the product and upstream raw materials are also provided. Furthermore, the study takes a detailed look at the top 14 manufacturers of cathode materials, covering basic information, management and technical team, financial performance, revenue and segmental indicators, profitability, solvency, manufacturing sites, capacity, products and services, etc.
Many new research reports by Chisult Insight are available at the publisher’s page at MarketPublishers.com.