Lithium-ion Battery Materials Market by Battery Chemistry (LFP, LCO, NMC, NCA, LMO), Material (Cathode, Anode, Electrolyte), Application (Portable Device, Electric Vehicle, Industrial, Power Tool, Medical Device), & Region - Global Forecast to 2029
The global lithium-ion battery materials market is projected to grow from USD 41.9 billion in 2024 to USD 120.9 billion by 2029, at a CAGR of 23.6% during the forecast period. The lithium-ion battery materials market is expanding rapidly due to rising demand for lithium-ion batteries across a variety of industries. These materials, which include cathode and anode materials, electrolytes, and separators, are required to produce batteries used in electric vehicles (EVs), consumer electronics, and energy storage systems. The key drivers of this market are the rising adoption of EVs, which is being driven by worldwide attempts to reduce carbon emissions and a trend toward renewable energy. Furthermore, rising demand for portable electronic devices, advances in battery technology, and government incentives to promote green energy are moving the industry forward.
“Portable devices segment, by application, is estimated to account for the second largest share during the forecast period”
The portable devices segment is projected to secure the second-largest share in the forecast period. Given the growing demand for consumer electronics such as smartphones, tablets, and laptops, the portable devices category is predicted to account for the second-largest proportion of the lithium-ion battery materials market. Factors such as the expanding popularity of remote work, online education, and the growing desire for smart gadgets are driving demand for portable electronics, which in turn fuels the demand for efficient and long-lasting lithium-ion batteries. The growing preference among consumers for high-performance devices with extended battery life will continue to boost demand for lithium-ion battery materials in the portable device industry.
“By battery chemistry, lithium iron phosphate segment is accounted for the second largest share during the forecast period”
The lithium iron phosphate segment by battery chemistry is expected to have the second-largest share of the lithium-ion battery materials market, owing to its safety features, high cycle life, and cost-effectiveness. These batteries are less prone to overheating and provide stability even at high temperatures, making them excellent for use in energy storage systems, electric buses, and certain electric automobiles. Furthermore, the increased emphasis on renewable energy integration and grid-scale energy storage systems is encouraging the development of lithium iron phosphate batteries, which are safe and durable. As the global focus on sustainability and energy efficiency grows, demand for lithium-ion battery materials, particularly those used in lithium iron phosphate batteries, is predicted to increase significantly.
“Electrolyte materials segment, by material, is estimated to account for the second largest share during the forecast period”
Electrolyte materials are expected to account for the second-largest share of the lithium-ion battery materials market due to their significance in battery performance and safety. Electrolytes allow lithium ions to flow between the anode and cathode, a process required for energy storage and discharge. As the need for high-performance lithium-ion batteries grows, especially in applications such as electric vehicles and energy storage systems, so does the need for innovative electrolyte materials. These compounds are critical to increasing battery efficiency, longevity, and safety. The expansion of the electrolyte segment will propel the overall lithium-ion battery materials market by driving innovations in electrolyte formulations, such as solid-state and high-voltage electrolytes, which improve battery performance and open up new application opportunities.
“North America region is estimated to account for the second largest share during the forecast period”
North America is expected to have the second-largest share of the lithium-ion battery materials market, owing to the region's strong demand for electric vehicles (EVs) and growing emphasis on renewable energy solutions. Government incentives to reduce carbon emissions and promote sustainable transportation are driving the EV market's growth, encouraging both manufacturers and consumers to use lithium-ion battery technologies. Furthermore, the increasing integration of renewable energy sources, such as solar and wind, needs effective energy storage solutions, driving up demand for lithium-ion batteries and their materials.
Profile break-up of primary participants for the report:
Umicore (Belgium), Sumitomo Metal Mining Co., Ltd. (Japan), BASF SE (Germany), POSCO Future M (South Korea), and Tanaka Chemical Corporation (Japan) are some of the major players operating in the lithium-ion battery materials market. These players have adopted strategies such as acquisitions, expansions, and partnerships in order to increase their market share business revenue.
Research Coverage:
The report defines, segments, and projects the lithium-ion battery materials market based on application, battery chemistry, material, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, lithium-ion battery materials manufacturers and comprehensively analyses their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, joint ventures, agreements, and acquisitions, undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the lithium-ion battery materials market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
“Portable devices segment, by application, is estimated to account for the second largest share during the forecast period”
The portable devices segment is projected to secure the second-largest share in the forecast period. Given the growing demand for consumer electronics such as smartphones, tablets, and laptops, the portable devices category is predicted to account for the second-largest proportion of the lithium-ion battery materials market. Factors such as the expanding popularity of remote work, online education, and the growing desire for smart gadgets are driving demand for portable electronics, which in turn fuels the demand for efficient and long-lasting lithium-ion batteries. The growing preference among consumers for high-performance devices with extended battery life will continue to boost demand for lithium-ion battery materials in the portable device industry.
“By battery chemistry, lithium iron phosphate segment is accounted for the second largest share during the forecast period”
The lithium iron phosphate segment by battery chemistry is expected to have the second-largest share of the lithium-ion battery materials market, owing to its safety features, high cycle life, and cost-effectiveness. These batteries are less prone to overheating and provide stability even at high temperatures, making them excellent for use in energy storage systems, electric buses, and certain electric automobiles. Furthermore, the increased emphasis on renewable energy integration and grid-scale energy storage systems is encouraging the development of lithium iron phosphate batteries, which are safe and durable. As the global focus on sustainability and energy efficiency grows, demand for lithium-ion battery materials, particularly those used in lithium iron phosphate batteries, is predicted to increase significantly.
“Electrolyte materials segment, by material, is estimated to account for the second largest share during the forecast period”
Electrolyte materials are expected to account for the second-largest share of the lithium-ion battery materials market due to their significance in battery performance and safety. Electrolytes allow lithium ions to flow between the anode and cathode, a process required for energy storage and discharge. As the need for high-performance lithium-ion batteries grows, especially in applications such as electric vehicles and energy storage systems, so does the need for innovative electrolyte materials. These compounds are critical to increasing battery efficiency, longevity, and safety. The expansion of the electrolyte segment will propel the overall lithium-ion battery materials market by driving innovations in electrolyte formulations, such as solid-state and high-voltage electrolytes, which improve battery performance and open up new application opportunities.
“North America region is estimated to account for the second largest share during the forecast period”
North America is expected to have the second-largest share of the lithium-ion battery materials market, owing to the region's strong demand for electric vehicles (EVs) and growing emphasis on renewable energy solutions. Government incentives to reduce carbon emissions and promote sustainable transportation are driving the EV market's growth, encouraging both manufacturers and consumers to use lithium-ion battery technologies. Furthermore, the increasing integration of renewable energy sources, such as solar and wind, needs effective energy storage solutions, driving up demand for lithium-ion batteries and their materials.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
- By Designation: C-level– 25%, Director Level– 30%, and Others – 45%
- By Region: North America – 20%, Europe – 15%, Asia Pacific – 55%, Rest of World – 10%
Umicore (Belgium), Sumitomo Metal Mining Co., Ltd. (Japan), BASF SE (Germany), POSCO Future M (South Korea), and Tanaka Chemical Corporation (Japan) are some of the major players operating in the lithium-ion battery materials market. These players have adopted strategies such as acquisitions, expansions, and partnerships in order to increase their market share business revenue.
Research Coverage:
The report defines, segments, and projects the lithium-ion battery materials market based on application, battery chemistry, material, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, lithium-ion battery materials manufacturers and comprehensively analyses their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, joint ventures, agreements, and acquisitions, undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the lithium-ion battery materials market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (growth in production of lithium-ion batteries, surge in demand for consumer electronics), restraints (safety concerns regarding usage of gadgets or items installed with lithium-ion batteries, availability of substitutes), opportunities (growing R&D to enhance efficiency and upgrade lithium-ion batteries, decline in overall prices), and challenges (fluctuating raw material prices) influencing the growth of the lithium-ion battery materials market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the lithium-ion battery materials market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the lithium-ion battery materials market across varied regions.
- Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the lithium-ion battery materials market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players such as Umicore (Belgium), Sumitomo Metal Mining Co., Ltd. (Japan), BASF SE (Germany), POSCO Future M (South Korea), Tanaka Chemical Corporation (Japan), Toda Kogyo Corp. (Japan), Resonac Holdings Corporation (Japan), L&F Co., Ltd. (South Korea), JFE Chemical Corporation (Japan), and 3M (US), and others in the lithium-ion battery materials market
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 INCLUSIONS & EXCLUSIONS
1.3.2 YEARS CONSIDERED
1.3.3 CURRENCY CONSIDERED
1.3.4 UNIT CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of interviews with experts
2.2 DEMAND-SIDE MATRIX
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.2.1 Calculations for supply-side analysis
2.4 GROWTH FORECAST
2.5 DATA TRIANGULATION
2.5.1 RESEARCH ASSUMPTIONS
2.5.2 RESEARCH LIMITATIONS
2.5.3 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN
LITHIUM-ION BATTERY MATERIALS MARKET
4.2 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION
4.3 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL
4.4 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY
4.5 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing adoption of electric vehicles
5.2.1.2 Surging demand for consumer electronics
5.2.2 RESTRAINTS
5.2.2.1 Safety concerns related to gadgets with lithium-ion batteries
5.2.2.2 Availability of substitutes
5.2.3 OPPORTUNITIES
5.2.3.1 Growing R&D to upgrade lithium-ion batteries
5.2.3.2 Declining lithium-ion battery prices
5.2.4 CHALLENGES
5.2.4.1 Fluctuating raw material prices
6 INDUSTRY TRENDS
6.1 GLOBAL MACROECONOMIC OUTLOOK
6.1.1 GDP
6.1.2 RISING ADOPTION OF ELECTRIC VEHICLES
6.2 VALUE CHAIN ANALYSIS
6.3 ECOSYSTEM ANALYSIS
6.4 PORTER’S FIVE FORCES ANALYSIS
6.4.1 BARGAINING POWER OF SUPPLIERS
6.4.2 BARGAINING POWER OF BUYERS
6.4.3 THREAT OF NEW ENTRANTS
6.4.4 THREAT OF SUBSTITUTES
6.4.5 INTENSITY OF COMPETITIVE RIVALRY
6.5 PRICING ANALYSIS
6.5.1 AVERAGE SELLING PRICE OF LITHIUM CARBONATE, BY REGION
6.5.2 AVERAGE SELLING PRICE OF COBALT, BY REGION
6.5.3 AVERAGE SELLING PRICE OF NICKEL, BY REGION
6.5.4 AVERAGE SELLING PRICE, BY METAL
6.6 TARIFF AND REGULATORY LANDSCAPE
6.6.1 TARIFF DATA
6.6.2 REGULATORY LANDSCAPE
6.6.2.1 Regulatory bodies, government agencies, and other organizations
6.6.3 PRACTICES AND POLICES IN LATIN AMERICAN COUNTRIES
6.6.3.1 Introduction
6.6.3.2 Colombia
6.6.3.3 Polices, regulations, and EPR schemes
6.6.3.4 Costa Rica
6.6.3.5 Polices, regulations, and EPR schemes
6.6.3.6 Existing recycling infrastructure and reuse initiatives
6.6.3.7 Chile
6.6.3.8 Polices, regulations, and EPR schemes
6.6.3.9 Existing recycling infrastructure and reuse initiatives
6.6.3.10 Mexico
6.6.3.11 Polices, regulations, and EPR schemes
6.6.3.12 Existing recycling infrastructure and reuse initiatives
6.7 KEY CONFERENCES AND EVENTS, 2024–2025
6.8 KEY STAKEHOLDERS AND BUYING CRITERIA
6.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.8.2 BUYING CRITERIA
6.9 PATENT ANALYSIS
6.9.1 METHODOLOGY
6.9.2 MAJOR PATENTS
6.10 TECHNOLOGY ANALYSIS
6.10.1 KEY TECHNOLOGIES
6.10.1.1 High-nickel cathodes
6.10.2 COMPLEMENTARY TECHNOLOGIES
6.10.2.1 Lithium metal batteries
6.11 TRADE ANALYSIS
6.11.1 IMPORT SCENARIO (HS CODE 850650)
6.11.2 EXPORT SCENARIO (HS CODE 850650)
6.12 CASE STUDY ANALYSIS
6.12.1 HITACHI’S LESS-VOLATILE ELECTROLYTE ELIMINATES NEED FOR COOLING SYSTEM IN BATTERIES
6.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.14 INVESTMENT AND FUNDING SCENARIO
6.15 IMPACT OF GENERATIVE AI ON LITHIUM-ION BATTERY MATERIALS MARKET
6.15.1 INTRODUCTION
6.15.2 IMPACT OF GENERATIVE AI
6.15.2.1 Enhanced manufacturing efficiency
6.15.2.2 Reduced material waste
6.15.2.3 Improved quality control
7 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL
7.1 INTRODUCTION
7.2 ANODE MATERIALS
7.2.1 GROWING DEMAND FOR LITHIUM-ION BATTERIES TO BOOST MARKET
7.3 CATHODE MATERIALS
7.3.1 GROWING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET
7.4 ELECTROLYTE MATERIALS
7.4.1 NEED FOR ENHANCED BATTERY OUTPUT TO DRIVE MARKET
7.5 OTHER MATERIALS
8 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 PORTABLE DEVICES
8.2.1 RAPID TECHNOLOGICAL CHANGES TO DRIVE DEMAND
8.3 ELECTRIC VEHICLES
8.3.1 GOVERNMENT EFFORTS TO PROMOTE CLEAN ENERGY SOLUTIONS TO DRIVE SEGMENT
8.4 INDUSTRIAL
8.4.1 FOCUS ON ENVIRONMENTAL SAFETY AND EQUIPMENT DURABILITY TO INCREASE DEMAND
8.5 OTHER APPLICATIONS
9 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY
9.1 INTRODUCTION
9.2 LITHIUM NICKEL MANGANESE COBALT
9.2.1 HIGH CHARGE & DISCHARGE LIFE TO DRIVE MARKET
9.3 LITHIUM IRON PHOSPHATE
9.3.1 COST-EFFECTIVENESS AND SUPERIOR PERFORMANCE TO DRIVE DEMAND
9.4 LITHIUM MANGANESE OXIDE
9.4.1 EXCELLENT SAFETY CHARACTERISTICS TO BOOST MARKET
9.5 LITHIUM NICKEL COBALT ALUMINUM OXIDE
9.5.1 SUPERIOR CYCLE LIFE TO BOOST DEMAND
9.6 LITHIUM COBALT OXIDE
9.6.1 WIDE ADOPTION IN CONSUMER ELECTRONICS TO DRIVE MARKET
10 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION
10.1 INTRODUCTION
10.2 EUROPE
10.2.1 GERMANY
10.2.1.1 Growing demand for electric vehicles to drive market
10.2.2 UK
10.2.2.1 Rising sales of electric vehicles to drive demand
10.2.3 FRANCE
10.2.3.1 Increasing demand in automotive and marine industries to boost market
10.2.4 REST OF EUROPE
10.3 ASIA PACIFIC
10.3.1 CHINA
10.3.1.1 Growing production of electric vehicles to drive demand
10.3.2 JAPAN
10.3.2.1 Presence of leading lithium-ion battery manufacturers to propel market
10.3.3 INDIA
10.3.3.1 Development of smart cities to drive market
10.3.4 SOUTH KOREA
10.3.4.1 Government efforts to increase adoption of electric vehicles to fuel market
10.3.5 REST OF ASIA PACIFIC
10.4 NORTH AMERICA
10.4.1 US
10.4.1.1 Rising demand for electric vehicles to fuel market
10.4.2 CANADA
10.4.2.1 Government subsidies for electric vehicles to boost market
10.4.3 MEXICO
10.4.3.1 Growing demand in automotive sector to drive market
10.5 REST OF WORLD
10.5.1 SOUTH AMERICA
10.5.1.1 Large lithium reserves to create market opportunities
10.5.2 MIDDLE EAST & AFRICA
10.5.2.1 Consumer goods and automobile industries to drive demand
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN (JANUARY 2020–JULY 2024)
11.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS (JANUARY 2020–JULY 2024)
11.3 REVENUE ANALYSIS, 2019–2023
11.4 MARKET SHARE ANALYSIS, 2023
11.4.1 BASF SE (GERMANY)
11.4.2 POSCO FUTURE M (SOUTH KOREA)
11.4.3 UMICORE (BELGIUM)
11.4.4 SUMITOMO METAL MINING CO., LTD. (JAPAN)
11.4.5 RESONAC HOLDINGS CORPORATION (JAPAN)
11.5 BRAND/PRODUCT COMPARISON
11.5.1 UMICORE
11.5.2 SUMITOMO METAL MINING CO., LTD.
11.5.3 BASF SE
11.5.4 POSCO FUTURE M
11.5.5 TANAKA CHEMICAL CORPORATION
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVE PLAYERS
11.6.4 PARTICIPANTS
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.6.5.1 Company footprint
11.6.5.2 Region footprint
11.6.5.3 Material footprint
11.6.5.4 Battery chemistry footprint
11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.7.1 PROGRESSIVE COMPANIES
11.7.2 RESPONSIVE COMPANIES
11.7.3 DYNAMIC COMPANIES
11.7.4 STARTING BLOCKS
11.7.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
11.7.5.1 Lithium-ion battery materials market: Detailed list of key startups/SMEs, 2023
11.7.5.2 Lithium-ion battery materials market: Competitive benchmarking of key startups/SMEs, 2023
11.8 COMPANY VALUATION AND FINANCIAL METRICS
11.9 COMPETITIVE SCENARIO
11.9.1 DEALS
11.9.2 EXPANSIONS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 UMICORE
12.1.1.1 Business overview
12.1.1.2 Products offered
12.1.1.3 Recent developments
12.1.1.3.1 Deals
12.1.1.3.2 Expansions
12.1.1.4 MnM view
12.1.1.4.1 Right to win
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses and competitive threats
12.1.2 SUMITOMO METAL MINING CO., LTD.
12.1.2.1 Business overview
12.1.2.2 Products offered
12.1.2.3 Recent developments
12.1.2.3.1 Deals
12.1.2.3.2 Expansions
12.1.2.4 MnM view
12.1.2.4.1 Right to win
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses and competitive threats
12.1.3 BASF SE
12.1.3.1 Business overview
12.1.3.2 Products offered
12.1.3.3 Recent developments
12.1.3.3.1 Deals
12.1.3.3.2 Expansions
12.1.3.4 MnM view
12.1.3.4.1 Right to win
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses and competitive threats
12.1.4 POSCO FUTURE M
12.1.4.1 Business overview
12.1.4.2 Products offered
12.1.4.3 Recent developments
12.1.4.3.1 Deals
12.1.4.3.2 Expansions
12.1.4.4 MnM view
12.1.4.4.1 Right to win
12.1.4.4.2 Strategic choices
12.1.4.4.3 Weaknesses and competitive threats
12.1.5 TANAKA CHEMICAL CORPORATION
12.1.5.1 Business overview
12.1.5.2 Products offered
12.1.5.3 MnM view
12.1.5.3.1 Right to win
12.1.5.3.2 Strategic choices
12.1.5.3.3 Weaknesses and competitive threats
12.1.6 TODA KOGYO CORP.
12.1.6.1 Business overview
12.1.6.2 Products offered
12.1.6.3 Recent developments
12.1.6.3.1 Expansions
12.1.7 RESONAC HOLDINGS CORPORATION
12.1.7.1 Business overview
12.1.7.2 Products offered
12.1.8 L&F CO., LTD.
12.1.8.1 Business overview
12.1.8.2 Products offered
12.1.8.3 Recent developments
12.1.8.3.1 Expansions
12.1.9 JFE CHEMICAL CORPORATION
12.1.9.1 Business overview
12.1.9.2 Products offered
12.1.10 3M
12.1.10.1 Business overview
12.1.10.2 Products offered
12.1.11 SGL CARBON
12.1.11.1 Business overview
12.1.11.2 Products offered
12.1.12 NEI CORPORATION
12.1.12.1 Business overview
12.1.12.2 Products offered
12.1.12.3 Recent developments
12.1.12.3.1 Product launches
12.1.13 KUREHA CORPORATION
12.1.13.1 Business overview
12.1.13.2 Products offered
12.1.14 BTR NEW MATERIAL GROUP CO., LTD.
12.1.14.1 Business overview
12.1.14.2 Products offered
12.1.14.3 Recent developments
12.1.14.3.1 Deals
12.1.14.3.2 Expansions
12.1.15 UBE CORPORATION
12.1.15.1 Business overview
12.1.15.2 Products offered
12.1.15.3 Recent developments
12.1.15.3.1 Deals
12.1.16 KURARAY CO., LTD.
12.1.16.1 Business overview
12.1.16.2 Products offered
12.1.17 SHENZHEN DYNANONIC CO., LTD.
12.1.17.1 Business overview
12.1.17.2 Products offered
12.1.18 ZHEJIANG HUAYOU COBALT
12.1.18.1 Business overview
12.1.18.2 Products offered
12.1.18.3 Recent developments
12.1.18.3.1 Deals
12.1.19 AMERICAN ELEMENTS
12.1.19.1 Business overview
12.1.19.2 Products offered
12.1.20 MORITA CHEMICAL INDUSTRIES CO., LTD.
12.1.20.1 Business overview
12.1.20.2 Products offered
12.2 OTHER PLAYERS
12.2.1 ECOPRO BM
12.2.2 CAPCHEM
12.2.3 NICHIA CORPORATION
12.2.4 ASCEND ELEMENTS, INC.
12.2.5 PULEAD TECHNOLOGY INDUSTRY CO., LTD.
13 ADJACENT AND RELATED MARKETS
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 INTERCONNECTED MARKETS
13.4 LITHIUM-ION BATTERY MARKET
13.4.1 MARKET DEFINITION
13.4.2 MARKET OVERVIEW
13.4.3 LITHIUM-ION BATTERY MARKET, BY VOLTAGE
13.4.3.1 Low
13.4.3.1.1 Built-in battery management to drive demand in consumer electronics
13.4.3.2 Medium
13.4.3.2.1 Rising adoption in solar energy systems to drive market
13.4.3.3 High
13.4.3.3.1 Enhanced safety features to boost demand in marine and military sectors
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 INCLUSIONS & EXCLUSIONS
1.3.2 YEARS CONSIDERED
1.3.3 CURRENCY CONSIDERED
1.3.4 UNIT CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of interviews with experts
2.2 DEMAND-SIDE MATRIX
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.2.1 Calculations for supply-side analysis
2.4 GROWTH FORECAST
2.5 DATA TRIANGULATION
2.5.1 RESEARCH ASSUMPTIONS
2.5.2 RESEARCH LIMITATIONS
2.5.3 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN
LITHIUM-ION BATTERY MATERIALS MARKET
4.2 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION
4.3 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL
4.4 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY
4.5 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing adoption of electric vehicles
5.2.1.2 Surging demand for consumer electronics
5.2.2 RESTRAINTS
5.2.2.1 Safety concerns related to gadgets with lithium-ion batteries
5.2.2.2 Availability of substitutes
5.2.3 OPPORTUNITIES
5.2.3.1 Growing R&D to upgrade lithium-ion batteries
5.2.3.2 Declining lithium-ion battery prices
5.2.4 CHALLENGES
5.2.4.1 Fluctuating raw material prices
6 INDUSTRY TRENDS
6.1 GLOBAL MACROECONOMIC OUTLOOK
6.1.1 GDP
6.1.2 RISING ADOPTION OF ELECTRIC VEHICLES
6.2 VALUE CHAIN ANALYSIS
6.3 ECOSYSTEM ANALYSIS
6.4 PORTER’S FIVE FORCES ANALYSIS
6.4.1 BARGAINING POWER OF SUPPLIERS
6.4.2 BARGAINING POWER OF BUYERS
6.4.3 THREAT OF NEW ENTRANTS
6.4.4 THREAT OF SUBSTITUTES
6.4.5 INTENSITY OF COMPETITIVE RIVALRY
6.5 PRICING ANALYSIS
6.5.1 AVERAGE SELLING PRICE OF LITHIUM CARBONATE, BY REGION
6.5.2 AVERAGE SELLING PRICE OF COBALT, BY REGION
6.5.3 AVERAGE SELLING PRICE OF NICKEL, BY REGION
6.5.4 AVERAGE SELLING PRICE, BY METAL
6.6 TARIFF AND REGULATORY LANDSCAPE
6.6.1 TARIFF DATA
6.6.2 REGULATORY LANDSCAPE
6.6.2.1 Regulatory bodies, government agencies, and other organizations
6.6.3 PRACTICES AND POLICES IN LATIN AMERICAN COUNTRIES
6.6.3.1 Introduction
6.6.3.2 Colombia
6.6.3.3 Polices, regulations, and EPR schemes
6.6.3.4 Costa Rica
6.6.3.5 Polices, regulations, and EPR schemes
6.6.3.6 Existing recycling infrastructure and reuse initiatives
6.6.3.7 Chile
6.6.3.8 Polices, regulations, and EPR schemes
6.6.3.9 Existing recycling infrastructure and reuse initiatives
6.6.3.10 Mexico
6.6.3.11 Polices, regulations, and EPR schemes
6.6.3.12 Existing recycling infrastructure and reuse initiatives
6.7 KEY CONFERENCES AND EVENTS, 2024–2025
6.8 KEY STAKEHOLDERS AND BUYING CRITERIA
6.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.8.2 BUYING CRITERIA
6.9 PATENT ANALYSIS
6.9.1 METHODOLOGY
6.9.2 MAJOR PATENTS
6.10 TECHNOLOGY ANALYSIS
6.10.1 KEY TECHNOLOGIES
6.10.1.1 High-nickel cathodes
6.10.2 COMPLEMENTARY TECHNOLOGIES
6.10.2.1 Lithium metal batteries
6.11 TRADE ANALYSIS
6.11.1 IMPORT SCENARIO (HS CODE 850650)
6.11.2 EXPORT SCENARIO (HS CODE 850650)
6.12 CASE STUDY ANALYSIS
6.12.1 HITACHI’S LESS-VOLATILE ELECTROLYTE ELIMINATES NEED FOR COOLING SYSTEM IN BATTERIES
6.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.14 INVESTMENT AND FUNDING SCENARIO
6.15 IMPACT OF GENERATIVE AI ON LITHIUM-ION BATTERY MATERIALS MARKET
6.15.1 INTRODUCTION
6.15.2 IMPACT OF GENERATIVE AI
6.15.2.1 Enhanced manufacturing efficiency
6.15.2.2 Reduced material waste
6.15.2.3 Improved quality control
7 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL
7.1 INTRODUCTION
7.2 ANODE MATERIALS
7.2.1 GROWING DEMAND FOR LITHIUM-ION BATTERIES TO BOOST MARKET
7.3 CATHODE MATERIALS
7.3.1 GROWING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET
7.4 ELECTROLYTE MATERIALS
7.4.1 NEED FOR ENHANCED BATTERY OUTPUT TO DRIVE MARKET
7.5 OTHER MATERIALS
8 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 PORTABLE DEVICES
8.2.1 RAPID TECHNOLOGICAL CHANGES TO DRIVE DEMAND
8.3 ELECTRIC VEHICLES
8.3.1 GOVERNMENT EFFORTS TO PROMOTE CLEAN ENERGY SOLUTIONS TO DRIVE SEGMENT
8.4 INDUSTRIAL
8.4.1 FOCUS ON ENVIRONMENTAL SAFETY AND EQUIPMENT DURABILITY TO INCREASE DEMAND
8.5 OTHER APPLICATIONS
9 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY
9.1 INTRODUCTION
9.2 LITHIUM NICKEL MANGANESE COBALT
9.2.1 HIGH CHARGE & DISCHARGE LIFE TO DRIVE MARKET
9.3 LITHIUM IRON PHOSPHATE
9.3.1 COST-EFFECTIVENESS AND SUPERIOR PERFORMANCE TO DRIVE DEMAND
9.4 LITHIUM MANGANESE OXIDE
9.4.1 EXCELLENT SAFETY CHARACTERISTICS TO BOOST MARKET
9.5 LITHIUM NICKEL COBALT ALUMINUM OXIDE
9.5.1 SUPERIOR CYCLE LIFE TO BOOST DEMAND
9.6 LITHIUM COBALT OXIDE
9.6.1 WIDE ADOPTION IN CONSUMER ELECTRONICS TO DRIVE MARKET
10 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION
10.1 INTRODUCTION
10.2 EUROPE
10.2.1 GERMANY
10.2.1.1 Growing demand for electric vehicles to drive market
10.2.2 UK
10.2.2.1 Rising sales of electric vehicles to drive demand
10.2.3 FRANCE
10.2.3.1 Increasing demand in automotive and marine industries to boost market
10.2.4 REST OF EUROPE
10.3 ASIA PACIFIC
10.3.1 CHINA
10.3.1.1 Growing production of electric vehicles to drive demand
10.3.2 JAPAN
10.3.2.1 Presence of leading lithium-ion battery manufacturers to propel market
10.3.3 INDIA
10.3.3.1 Development of smart cities to drive market
10.3.4 SOUTH KOREA
10.3.4.1 Government efforts to increase adoption of electric vehicles to fuel market
10.3.5 REST OF ASIA PACIFIC
10.4 NORTH AMERICA
10.4.1 US
10.4.1.1 Rising demand for electric vehicles to fuel market
10.4.2 CANADA
10.4.2.1 Government subsidies for electric vehicles to boost market
10.4.3 MEXICO
10.4.3.1 Growing demand in automotive sector to drive market
10.5 REST OF WORLD
10.5.1 SOUTH AMERICA
10.5.1.1 Large lithium reserves to create market opportunities
10.5.2 MIDDLE EAST & AFRICA
10.5.2.1 Consumer goods and automobile industries to drive demand
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN (JANUARY 2020–JULY 2024)
11.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS (JANUARY 2020–JULY 2024)
11.3 REVENUE ANALYSIS, 2019–2023
11.4 MARKET SHARE ANALYSIS, 2023
11.4.1 BASF SE (GERMANY)
11.4.2 POSCO FUTURE M (SOUTH KOREA)
11.4.3 UMICORE (BELGIUM)
11.4.4 SUMITOMO METAL MINING CO., LTD. (JAPAN)
11.4.5 RESONAC HOLDINGS CORPORATION (JAPAN)
11.5 BRAND/PRODUCT COMPARISON
11.5.1 UMICORE
11.5.2 SUMITOMO METAL MINING CO., LTD.
11.5.3 BASF SE
11.5.4 POSCO FUTURE M
11.5.5 TANAKA CHEMICAL CORPORATION
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVE PLAYERS
11.6.4 PARTICIPANTS
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.6.5.1 Company footprint
11.6.5.2 Region footprint
11.6.5.3 Material footprint
11.6.5.4 Battery chemistry footprint
11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.7.1 PROGRESSIVE COMPANIES
11.7.2 RESPONSIVE COMPANIES
11.7.3 DYNAMIC COMPANIES
11.7.4 STARTING BLOCKS
11.7.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
11.7.5.1 Lithium-ion battery materials market: Detailed list of key startups/SMEs, 2023
11.7.5.2 Lithium-ion battery materials market: Competitive benchmarking of key startups/SMEs, 2023
11.8 COMPANY VALUATION AND FINANCIAL METRICS
11.9 COMPETITIVE SCENARIO
11.9.1 DEALS
11.9.2 EXPANSIONS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 UMICORE
12.1.1.1 Business overview
12.1.1.2 Products offered
12.1.1.3 Recent developments
12.1.1.3.1 Deals
12.1.1.3.2 Expansions
12.1.1.4 MnM view
12.1.1.4.1 Right to win
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses and competitive threats
12.1.2 SUMITOMO METAL MINING CO., LTD.
12.1.2.1 Business overview
12.1.2.2 Products offered
12.1.2.3 Recent developments
12.1.2.3.1 Deals
12.1.2.3.2 Expansions
12.1.2.4 MnM view
12.1.2.4.1 Right to win
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses and competitive threats
12.1.3 BASF SE
12.1.3.1 Business overview
12.1.3.2 Products offered
12.1.3.3 Recent developments
12.1.3.3.1 Deals
12.1.3.3.2 Expansions
12.1.3.4 MnM view
12.1.3.4.1 Right to win
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses and competitive threats
12.1.4 POSCO FUTURE M
12.1.4.1 Business overview
12.1.4.2 Products offered
12.1.4.3 Recent developments
12.1.4.3.1 Deals
12.1.4.3.2 Expansions
12.1.4.4 MnM view
12.1.4.4.1 Right to win
12.1.4.4.2 Strategic choices
12.1.4.4.3 Weaknesses and competitive threats
12.1.5 TANAKA CHEMICAL CORPORATION
12.1.5.1 Business overview
12.1.5.2 Products offered
12.1.5.3 MnM view
12.1.5.3.1 Right to win
12.1.5.3.2 Strategic choices
12.1.5.3.3 Weaknesses and competitive threats
12.1.6 TODA KOGYO CORP.
12.1.6.1 Business overview
12.1.6.2 Products offered
12.1.6.3 Recent developments
12.1.6.3.1 Expansions
12.1.7 RESONAC HOLDINGS CORPORATION
12.1.7.1 Business overview
12.1.7.2 Products offered
12.1.8 L&F CO., LTD.
12.1.8.1 Business overview
12.1.8.2 Products offered
12.1.8.3 Recent developments
12.1.8.3.1 Expansions
12.1.9 JFE CHEMICAL CORPORATION
12.1.9.1 Business overview
12.1.9.2 Products offered
12.1.10 3M
12.1.10.1 Business overview
12.1.10.2 Products offered
12.1.11 SGL CARBON
12.1.11.1 Business overview
12.1.11.2 Products offered
12.1.12 NEI CORPORATION
12.1.12.1 Business overview
12.1.12.2 Products offered
12.1.12.3 Recent developments
12.1.12.3.1 Product launches
12.1.13 KUREHA CORPORATION
12.1.13.1 Business overview
12.1.13.2 Products offered
12.1.14 BTR NEW MATERIAL GROUP CO., LTD.
12.1.14.1 Business overview
12.1.14.2 Products offered
12.1.14.3 Recent developments
12.1.14.3.1 Deals
12.1.14.3.2 Expansions
12.1.15 UBE CORPORATION
12.1.15.1 Business overview
12.1.15.2 Products offered
12.1.15.3 Recent developments
12.1.15.3.1 Deals
12.1.16 KURARAY CO., LTD.
12.1.16.1 Business overview
12.1.16.2 Products offered
12.1.17 SHENZHEN DYNANONIC CO., LTD.
12.1.17.1 Business overview
12.1.17.2 Products offered
12.1.18 ZHEJIANG HUAYOU COBALT
12.1.18.1 Business overview
12.1.18.2 Products offered
12.1.18.3 Recent developments
12.1.18.3.1 Deals
12.1.19 AMERICAN ELEMENTS
12.1.19.1 Business overview
12.1.19.2 Products offered
12.1.20 MORITA CHEMICAL INDUSTRIES CO., LTD.
12.1.20.1 Business overview
12.1.20.2 Products offered
12.2 OTHER PLAYERS
12.2.1 ECOPRO BM
12.2.2 CAPCHEM
12.2.3 NICHIA CORPORATION
12.2.4 ASCEND ELEMENTS, INC.
12.2.5 PULEAD TECHNOLOGY INDUSTRY CO., LTD.
13 ADJACENT AND RELATED MARKETS
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 INTERCONNECTED MARKETS
13.4 LITHIUM-ION BATTERY MARKET
13.4.1 MARKET DEFINITION
13.4.2 MARKET OVERVIEW
13.4.3 LITHIUM-ION BATTERY MARKET, BY VOLTAGE
13.4.3.1 Low
13.4.3.1.1 Built-in battery management to drive demand in consumer electronics
13.4.3.2 Medium
13.4.3.2.1 Rising adoption in solar energy systems to drive market
13.4.3.3 High
13.4.3.3.1 Enhanced safety features to boost demand in marine and military sectors
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
