조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년09월
Lithium-ion Battery Materials Market – Global Forecast To 2029
리튬 이온 배터리 재료 시장 – 배터리 화학 (LFP, LCO, NMC, NCA, LMO), 재료 (음극, 양극, 전해질), 용도 (휴대용 장치, 전기 자동차, 산업용, 전동 공구, 의료 기기) 및 지역별 – 2029 년까지 세계 예측
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
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Report Overview
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.
세계 리튬이온 배터리 소재 시장은 예측 기간 동안 CAGR 23.6%로 성장해 2024년 419억 달러에서 2029년 1,209억 달러로 성장할 것으로 예상됩니다.
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:
- 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
Table of Contents
1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.3 STUDY SCOPE 26
1.3.1 INCLUSIONS & EXCLUSIONS 26
1.3.2 YEARS CONSIDERED 27
1.3.3 CURRENCY CONSIDERED 27
1.3.4 UNIT CONSIDERED 27
1.4 LIMITATIONS 27
1.5 STAKEHOLDERS 28
1.6 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
2.1.1 SECONDARY DATA 30
2.1.1.1 Key data from secondary sources 30
2.1.2 PRIMARY DATA 30
2.1.2.1 Key data from primary sources 31
2.1.2.2 Breakdown of interviews with experts 31
2.2 DEMAND-SIDE MATRIX 32
2.3 MARKET SIZE ESTIMATION 32
2.3.1 BOTTOM-UP APPROACH 33
2.3.2 TOP-DOWN APPROACH 33
2.3.2.1 Calculations for supply-side analysis 34
2.4 GROWTH FORECAST 34
2.5 DATA TRIANGULATION 35
2.5.1 RESEARCH ASSUMPTIONS 36
2.5.2 RESEARCH LIMITATIONS 36
2.5.3 RISK ASSESSMENT 36
3 EXECUTIVE SUMMARY 37
4 PREMIUM INSIGHTS 41
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM-ION BATTERY MATERIALS MARKET 41
4.2 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION 41
4.3 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL 42
4.4 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY 42
4.5 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION 43
5 MARKET OVERVIEW 44
5.1 INTRODUCTION 44
5.2 MARKET DYNAMICS 44
5.2.1 DRIVERS 45
5.2.1.1 Increasing adoption of electric vehicles 45
5.2.1.2 Surging demand for consumer electronics 45
5.2.2 RESTRAINTS 45
5.2.2.1 Safety concerns related to gadgets with lithium-ion batteries 45
5.2.2.2 Availability of substitutes 45
5.2.3 OPPORTUNITIES 46
5.2.3.1 Growing R&D to upgrade lithium-ion batteries 46
5.2.3.2 Declining lithium-ion battery prices 46
5.2.4 CHALLENGES 47
5.2.4.1 Fluctuating raw material prices 47
6 INDUSTRY TRENDS 48
6.1 GLOBAL MACROECONOMIC OUTLOOK 48
6.1.1 GDP 48
6.1.2 RISING ADOPTION OF ELECTRIC VEHICLES 50
6.2 VALUE CHAIN ANALYSIS 51
6.3 ECOSYSTEM ANALYSIS 52
6.4 PORTER’S FIVE FORCES ANALYSIS 53
6.4.1 BARGAINING POWER OF SUPPLIERS 54
6.4.2 BARGAINING POWER OF BUYERS 54
6.4.3 THREAT OF NEW ENTRANTS 54
6.4.4 THREAT OF SUBSTITUTES 55
6.4.5 INTENSITY OF COMPETITIVE RIVALRY 55
6.5 PRICING ANALYSIS 55
6.5.1 AVERAGE SELLING PRICE OF LITHIUM CARBONATE, BY REGION 55
6.5.2 AVERAGE SELLING PRICE OF COBALT, BY REGION 56
6.5.3 AVERAGE SELLING PRICE OF NICKEL, BY REGION 56
6.5.4 AVERAGE SELLING PRICE, BY METAL 57
6.6 TARIFF AND REGULATORY LANDSCAPE 57
6.6.1 TARIFF DATA 57
6.6.2 REGULATORY LANDSCAPE 57
6.6.2.1 Regulatory bodies, government agencies, and other organizations 58
6.7 KEY CONFERENCES AND EVENTS, 2024–2025 59
6.8 KEY STAKEHOLDERS AND BUYING CRITERIA 60
6.8.1 KEY STAKEHOLDERS IN BUYING PROCESS 60
6.8.2 BUYING CRITERIA 60
6.9 PATENT ANALYSIS 61
6.9.1 METHODOLOGY 61
6.9.2 MAJOR PATENTS 62
6.10 TECHNOLOGY ANALYSIS 63
6.10.1 KEY TECHNOLOGIES 63
6.10.1.1 High-nickel cathodes 63
6.10.2 COMPLEMENTARY TECHNOLOGIES 64
6.10.2.1 Lithium metal batteries 64
6.11 TRADE ANALYSIS 64
6.11.1 IMPORT SCENARIO (HS CODE 850650) 64
6.11.2 EXPORT SCENARIO (HS CODE 850650) 65
6.12 CASE STUDY ANALYSIS 66
6.12.1 HITACHI’S LESS-VOLATILE ELECTROLYTE ELIMINATES NEED FOR COOLING SYSTEM IN BATTERIES 66
6.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 66
6.14 INVESTMENT AND FUNDING SCENARIO 67
6.15 IMPACT OF GENERATIVE AI ON LITHIUM-ION BATTERY MATERIALS MARKET 67
6.15.1 INTRODUCTION 67
6.15.2 IMPACT OF GENERATIVE AI 67
6.15.2.1 Enhanced manufacturing efficiency 68
6.15.2.2 Reduced material waste 68
6.15.2.3 Improved quality control 68
7 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL 69
7.1 INTRODUCTION 70
7.2 ANODE MATERIALS 71
7.2.1 GROWING DEMAND FOR LITHIUM-ION BATTERIES TO BOOST MARKET 71
7.3 CATHODE MATERIALS 72
7.3.1 GROWING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET 72
7.4 ELECTROLYTE MATERIALS 74
7.4.1 NEED FOR ENHANCED BATTERY OUTPUT TO DRIVE MARKET 74
7.5 OTHER MATERIALS 75
8 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION 77
8.1 INTRODUCTION 78
8.2 PORTABLE DEVICES 79
8.2.1 RAPID TECHNOLOGICAL CHANGES TO DRIVE DEMAND 79
8.3 ELECTRIC VEHICLES 80
8.3.1 GOVERNMENT EFFORTS TO PROMOTE CLEAN ENERGY SOLUTIONS TO DRIVE SEGMENT 80
8.4 INDUSTRIAL 82
8.4.1 FOCUS ON ENVIRONMENTAL SAFETY AND EQUIPMENT DURABILITY TO INCREASE DEMAND 82
8.5 OTHER APPLICATIONS 83
9 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY 85
9.1 INTRODUCTION 86
9.2 LITHIUM NICKEL MANGANESE COBALT 88
9.2.1 HIGH CHARGE & DISCHARGE LIFE TO DRIVE MARKET 88
9.3 LITHIUM IRON PHOSPHATE 89
9.3.1 COST-EFFECTIVENESS AND SUPERIOR PERFORMANCE TO DRIVE DEMAND 89
9.4 LITHIUM MANGANESE OXIDE 90
9.4.1 EXCELLENT SAFETY CHARACTERISTICS TO BOOST MARKET 90
9.5 LITHIUM NICKEL COBALT ALUMINUM OXIDE 92
9.5.1 SUPERIOR CYCLE LIFE TO BOOST DEMAND 92
9.6 LITHIUM COBALT OXIDE 93
9.6.1 WIDE ADOPTION IN CONSUMER ELECTRONICS TO DRIVE MARKET 93
10 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION 95
10.1 INTRODUCTION 96
10.2 EUROPE 97
10.2.1 GERMANY 103
10.2.1.1 Growing demand for electric vehicles to drive market 103
10.2.2 UK 104
10.2.2.1 Rising sales of electric vehicles to drive demand 104
10.2.3 FRANCE 106
10.2.3.1 Increasing demand in automotive and marine industries to boost market 106
10.2.4 REST OF EUROPE 107
10.3 ASIA PACIFIC 108
10.3.1 CHINA 114
10.3.1.1 Growing production of electric vehicles to drive demand 114
10.3.2 JAPAN 115
10.3.2.1 Presence of leading lithium-ion battery manufacturers to propel market 115
10.3.3 INDIA 117
10.3.3.1 Development of smart cities to drive market 117
10.3.4 SOUTH KOREA 118
10.3.4.1 Government efforts to increase adoption of electric vehicles to fuel market 118
10.3.5 REST OF ASIA PACIFIC 119
10.4 NORTH AMERICA 121
10.4.1 US 126
10.4.1.1 Rising demand for electric vehicles to fuel market 126
10.4.2 CANADA 127
10.4.2.1 Government subsidies for electric vehicles to boost market 127
10.4.3 MEXICO 129
10.4.3.1 Growing demand in automotive sector to drive market 129
10.5 REST OF WORLD 130
10.5.1 SOUTH AMERICA 134
10.5.1.1 Large lithium reserves to create market opportunities 134
10.5.2 MIDDLE EAST & AFRICA 136
10.5.2.1 Consumer goods and automobile industries to drive demand 136
11 COMPETITIVE LANDSCAPE 138
11.1 INTRODUCTION 138
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN (JANUARY 2020–JULY 2024) 138
11.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS (JANUARY 2020–JULY 2024) 138
11.3 REVENUE ANALYSIS, 2019–2023 139
11.4 MARKET SHARE ANALYSIS, 2023 140
11.4.1 BASF SE (GERMANY) 141
11.4.2 POSCO FUTURE M (SOUTH KOREA) 141
11.4.3 UMICORE (BELGIUM) 141
11.4.4 SUMITOMO METAL MINING CO., LTD. (JAPAN) 142
11.4.5 RESONAC HOLDINGS CORPORATION (JAPAN) 142
11.5 BRAND/PRODUCT COMPARISON 142
11.5.1 UMICORE 143
11.5.2 SUMITOMO METAL MINING CO., LTD. 143
11.5.3 BASF SE 143
11.5.4 POSCO FUTURE M 143
11.5.5 TANAKA CHEMICAL CORPORATION 143
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 143
11.6.1 STARS 143
11.6.2 EMERGING LEADERS 143
11.6.3 PERVASIVE PLAYERS 144
11.6.4 PARTICIPANTS 144
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 145
11.6.5.1 Company footprint 145
11.6.5.2 Region footprint 145
11.6.5.3 Material footprint 146
11.6.5.4 Battery chemistry footprint 147
11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 148
11.7.1 PROGRESSIVE COMPANIES 148
11.7.2 RESPONSIVE COMPANIES 148
11.7.3 DYNAMIC COMPANIES 148
11.7.4 STARTING BLOCKS 148
11.7.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023 149
11.7.5.1 Lithium-ion battery materials market: Detailed list of key startups/SMEs, 2023 149
11.7.5.2 Lithium-ion battery materials market: Competitive benchmarking of key startups/SMEs, 2023 150
11.8 COMPANY VALUATION AND FINANCIAL METRICS 151
11.9 COMPETITIVE SCENARIO 152
11.9.1 DEALS 152
11.9.2 EXPANSIONS 153
12 COMPANY PROFILES 154
12.1 KEY PLAYERS 154
12.1.1 UMICORE 154
12.1.1.1 Business overview 154
12.1.1.2 Products offered 155
12.1.1.3 Recent developments 156
12.1.1.3.1 Deals 156
12.1.1.3.2 Expansions 156
12.1.1.4 MnM view 157
12.1.1.4.1 Right to win 157
12.1.1.4.2 Strategic choices 157
12.1.1.4.3 Weaknesses and competitive threats 157
12.1.2 SUMITOMO METAL MINING CO., LTD. 158
12.1.2.1 Business overview 158
12.1.2.2 Products offered 159
12.1.2.3 Recent developments 159
12.1.2.3.1 Deals 159
12.1.2.3.2 Expansions 159
12.1.2.4 MnM view 160
12.1.2.4.1 Right to win 160
12.1.2.4.2 Strategic choices 160
12.1.2.4.3 Weaknesses and competitive threats 160
12.1.3 BASF SE 161
12.1.3.1 Business overview 161
12.1.3.2 Products offered 162
12.1.3.3 Recent developments 163
12.1.3.3.1 Deals 163
12.1.3.3.2 Expansions 164
12.1.3.4 MnM view 164
12.1.3.4.1 Right to win 164
12.1.3.4.2 Strategic choices 164
12.1.3.4.3 Weaknesses and competitive threats 164
12.1.4 POSCO FUTURE M 165
12.1.4.1 Business overview 165
12.1.4.2 Products offered 166
12.1.4.3 Recent developments 167
12.1.4.3.1 Deals 167
12.1.4.3.2 Expansions 168
12.1.4.4 MnM view 169
12.1.4.4.1 Right to win 169
12.1.4.4.2 Strategic choices 169
12.1.4.4.3 Weaknesses and competitive threats 169
12.1.5 TANAKA CHEMICAL CORPORATION 170
12.1.5.1 Business overview 170
12.1.5.2 Products offered 171
12.1.5.3 MnM view 171
12.1.5.3.1 Right to win 171
12.1.5.3.2 Strategic choices 171
12.1.5.3.3 Weaknesses and competitive threats 171
12.1.6 TODA KOGYO CORP. 172
12.1.6.1 Business overview 172
12.1.6.2 Products offered 173
12.1.6.3 Recent developments 173
12.1.6.3.1 Expansions 173
12.1.7 RESONAC HOLDINGS CORPORATION 174
12.1.7.1 Business overview 174
12.1.7.2 Products offered 175
12.1.8 L&F CO., LTD. 176
12.1.8.1 Business overview 176
12.1.8.2 Products offered 177
12.1.8.3 Recent developments 177
12.1.8.3.1 Expansions 177
12.1.9 JFE CHEMICAL CORPORATION 178
12.1.9.1 Business overview 178
12.1.9.2 Products offered 178
12.1.10 3M 179
12.1.10.1 Business overview 179
12.1.10.2 Products offered 180
12.1.11 SGL CARBON 181
12.1.11.1 Business overview 181
12.1.11.2 Products offered 182
12.1.12 NEI CORPORATION 183
12.1.12.1 Business overview 183
12.1.12.2 Products offered 183
12.1.13 KUREHA CORPORATION 184
12.1.13.1 Business overview 184
12.1.13.2 Products offered 185
12.1.14 BTR NEW MATERIAL GROUP CO., LTD. 186
12.1.14.1 Business overview 186
12.1.14.2 Products offered 186
12.1.14.3 Recent developments 186
12.1.14.3.1 Deals 186
12.1.14.3.2 Expansions 187
12.1.15 UBE CORPORATION 188
12.1.15.1 Business overview 188
12.1.15.2 Products offered 189
12.1.15.3 Recent developments 190
12.1.15.3.1 Deals 190
12.1.16 KURARAY CO., LTD. 191
12.1.16.1 Business overview 191
12.1.16.2 Products offered 192
12.1.17 SHENZHEN DYNANONIC CO., LTD. 193
12.1.17.1 Business overview 193
12.1.17.2 Products offered 193
12.1.18 ZHEJIANG HUAYOU COBALT 194
12.1.18.1 Business overview 194
12.1.18.2 Products offered 195
12.1.18.3 Recent developments 196
12.1.18.3.1 Deals 196
12.1.19 AMERICAN ELEMENTS 197
12.1.19.1 Business overview 197
12.1.19.2 Products offered 197
12.1.20 MORITA CHEMICAL INDUSTRIES CO., LTD. 198
12.1.20.1 Business overview 198
12.1.20.2 Products offered 198
12.2 OTHER PLAYERS 199
12.2.1 ECOPRO BM 199
12.2.2 CAPCHEM 199
12.2.3 NICHIA CORPORATION 200
12.2.4 ASCEND ELEMENTS, INC. 200
12.2.5 PULEAD TECHNOLOGY INDUSTRY CO., LTD. 201
13 ADJACENT AND RELATED MARKETS 202
13.1 INTRODUCTION 202
13.2 LIMITATIONS 202
13.3 INTERCONNECTED MARKETS 202
13.4 LITHIUM-ION BATTERY MARKET 202
13.4.1 MARKET DEFINITION 202
13.4.2 MARKET OVERVIEW 202
13.4.3 LITHIUM-ION BATTERY MARKET, BY VOLTAGE 203
13.4.3.1 Low 203
13.4.3.1.1 Built-in battery management to drive demand in consumer electronics 203
13.4.3.2 Medium 204
13.4.3.2.1 Rising adoption in solar energy systems to drive market 204
13.4.3.3 High 204
13.4.3.3.1 Enhanced safety features to boost demand in marine and military sectors 204
14 APPENDIX 205
14.1 DISCUSSION GUIDE 205
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 207
14.3 CUSTOMIZATION OPTIONS 209
14.4 RELATED REPORTS 209
14.5 AUTHOR DETAILS 210
LIST OF TABLES
TABLE 1 LITHIUM-ION BATTERY MATERIALS MARKET: INCLUSIONS & EXCLUSIONS 26
TABLE 2 LITHIUM-ION BATTERY MATERIALS MARKET SNAPSHOT: 2024 VS. 2029 38
TABLE 3 REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE): KEY COUNTRIES 48
TABLE 4 UNEMPLOYMENT RATE: KEY COUNTRIES 49
TABLE 5 INFLATION RATE: AVERAGE CONSUMER PRICES, BY KEY COUNTRY 49
TABLE 6 FOREIGN DIRECT INVESTMENT 50
TABLE 7 LITHIUM-ION BATTERY MATERIALS MARKET: ROLE OF COMPANIES IN ECOSYSTEM 52
TABLE 8 LITHIUM-ION BATTERY MATERIALS MARKET: PORTER’S FIVE FORCES ANALYSIS 53
TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 58
TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 58
TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 59
TABLE 12 LITHIUM-ION BATTERY MATERIALS MARKET: KEY CONFERENCES AND EVENTS, 2024–2025 59
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MAJOR
APPLICATIONS (%) 60
TABLE 14 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 61
TABLE 15 IMPORT DATA FOR LITHIUM CELLS AND BATTERIES (HS CODE 850650),
2020–2023 (USD THOUSAND) 65
TABLE 16 EXPORT DATA FOR LITHIUM CELLS AND BATTERIES (HS CODE 850650),
2020–2023 (USD THOUSAND) 65
TABLE 17 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 70
TABLE 18 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 70
TABLE 19 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 71
TABLE 20 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 71
TABLE 21 ANODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 71
TABLE 22 ANODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (USD MILLION) 72
TABLE 23 ANODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTONS) 72
TABLE 24 ANODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (KILOTONS) 72
TABLE 25 CATHODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 73
TABLE 26 CATHODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (USD MILLION) 73
TABLE 27 CATHODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTONS) 73
TABLE 28 CATHODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (KILOTONS) 73
TABLE 29 ELECTROLYTE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET,
BY REGION, 2018–2022 (USD MILLION) 74
TABLE 30 ELECTROLYTE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET,
BY REGION, 2023–2029 (USD MILLION) 74
TABLE 31 ELECTROLYTE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET,
BY REGION, 2018–2022 (KILOTONS) 74
TABLE 32 ELECTROLYTE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET,
BY REGION, 2023–2029 (KILOTONS) 75
TABLE 33 OTHER MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 75
TABLE 34 OTHER MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (USD MILLION) 75
TABLE 35 OTHER MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTONS) 76
TABLE 36 OTHER MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (KILOTONS) 76
TABLE 37 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION,
2018–2022 (USD MILLION) 78
TABLE 38 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION,
2023–2029 (USD MILLION) 78
TABLE 39 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION,
2018–2022 (KILOTONS) 79
TABLE 40 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION,
2023–2029 (KILOTONS) 79
TABLE 41 PORTABLE DEVICES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 79
TABLE 42 PORTABLE DEVICES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (USD MILLION) 80
TABLE 43 PORTABLE DEVICES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTONS) 80
TABLE 44 PORTABLE DEVICES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (KILOTONS) 80
TABLE 45 ELECTRIC VEHICLES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 81
TABLE 46 ELECTRIC VEHICLES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (USD MILLION) 81
TABLE 47 ELECTRIC VEHICLES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTONS) 81
TABLE 48 ELECTRIC VEHICLES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (KILOTONS) 82
TABLE 49 INDUSTRIAL: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION,
2018–2022 (USD MILLION) 82
TABLE 50 INDUSTRIAL: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION,
2023–2029 (USD MILLION) 83
TABLE 51 INDUSTRIAL: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION,
2018–2022 (KILOTONS) 83
TABLE 52 INDUSTRIAL: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION,
2023–2029 (KILOTONS) 83
TABLE 53 OTHER APPLICATIONS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 84
TABLE 54 OTHER APPLICATIONS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (USD MILLION) 84
TABLE 55 OTHER APPLICATIONS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTONS) 84
TABLE 56 OTHER APPLICATIONS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (KILOTONS) 84
TABLE 57 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY,
2018–2022 (USD MILLION) 86
TABLE 58 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY,
2023–2029 (USD MILLION) 87
TABLE 59 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY,
2018–2022 (KILOTONS) 87
TABLE 60 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY,
2023–2029 (KILOTONS) 87
TABLE 61 LITHIUM NICKEL MANGANESE COBALT: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 88
TABLE 62 LITHIUM NICKEL MANGANESE COBALT: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (USD MILLION) 88
TABLE 63 LITHIUM NICKEL MANGANESE COBALT: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTONS) 89
TABLE 64 LITHIUM NICKEL MANGANESE COBALT: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (KILOTONS) 89
TABLE 65 LITHIUM IRON PHOSPHATE: LITHIUM-ION BATTERY MATERIALS MARKET,
BY REGION, 2018–2022 (USD MILLION) 89
TABLE 66 LITHIUM IRON PHOSPHATE: LITHIUM-ION BATTERY MATERIALS MARKET,
BY REGION, 2023–2029 (USD MILLION) 90
TABLE 67 LITHIUM IRON PHOSPHATE: LITHIUM-ION BATTERY MATERIALS MARKET,
BY REGION, 2018–2022 (KILOTONS) 90
TABLE 68 LITHIUM IRON PHOSPHATE: LITHIUM-ION BATTERY MATERIALS MARKET,
BY REGION, 2023–2029 (KILOTONS) 90
TABLE 69 LITHIUM MANGANESE OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET,
BY REGION, 2018–2022 (USD MILLION) 91
TABLE 70 LITHIUM MANGANESE OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET,
BY REGION, 2023–2029 (USD MILLION) 91
TABLE 71 LITHIUM MANGANESE OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET,
BY REGION, 2018–2022 (KILOTONS) 91
TABLE 72 LITHIUM MANGANESE OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET,
BY REGION, 2023–2029 (KILOTONS) 91
TABLE 73 LITHIUM NICKEL COBALT ALUMINUM OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 92
TABLE 74 LITHIUM NICKEL COBALT ALUMINUM OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (USD MILLION) 92
TABLE 75 LITHIUM NICKEL COBALT ALUMINUM OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTONS) 92
TABLE 76 LITHIUM NICKEL COBALT ALUMINUM OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (KILOTONS) 93
TABLE 77 LITHIUM COBALT OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 93
TABLE 78 LITHIUM COBALT OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (USD MILLION) 93
TABLE 79 LITHIUM COBALT OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTONS) 94
TABLE 80 LITHIUM COBALT OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (KILOTONS) 94
TABLE 81 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 96
TABLE 82 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (USD MILLION) 96
TABLE 83 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTONS) 97
TABLE 84 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2029 (KILOTONS) 97
TABLE 85 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY,
2018–2022 (USD MILLION) 98
TABLE 86 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY,
2023–2029 (USD MILLION) 99
TABLE 87 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY,
2018–2022 (KILOTONS) 99
TABLE 88 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY,
2023–2029 (KILOTONS) 99
TABLE 89 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 100
TABLE 90 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 100
TABLE 91 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 100
TABLE 92 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 100
TABLE 93 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (USD MILLION) 101
TABLE 94 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2029 (USD MILLION) 101
TABLE 95 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (KILOTONS) 101
TABLE 96 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2029 (KILOTONS) 102
TABLE 97 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION,
2018–2022 (USD MILLION) 102
TABLE 98 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION,
2023–2029 (USD MILLION) 102
TABLE 99 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION,
2018–2022 (KILOTONS) 103
TABLE 100 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION,
2023–2029 (KILOTONS) 103
TABLE 101 GERMANY: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 103
TABLE 102 GERMANY: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 104
TABLE 103 GERMANY: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 104
TABLE 104 GERMANY: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 104
TABLE 105 UK: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 105
TABLE 106 UK: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 105
TABLE 107 UK: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 105
TABLE 108 UK: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 105
TABLE 109 FRANCE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 106
TABLE 110 FRANCE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 106
TABLE 111 FRANCE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 106
TABLE 112 FRANCE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 107
TABLE 113 REST OF EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 107
TABLE 114 REST OF EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2029 (USD MILLION) 107
TABLE 115 REST OF EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTONS) 108
TABLE 116 REST OF EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2029 (KILOTONS) 108
TABLE 117 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY,
2018–2022 (USD MILLION) 109
TABLE 118 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY,
2023–2029 (USD MILLION) 110
TABLE 119 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY,
2018–2022 (KILOTONS) 110
TABLE 120 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY,
2023–2029 (KILOTONS) 110
TABLE 121 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 111
TABLE 122 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 111
TABLE 123 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 111
TABLE 124 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 111
TABLE 125 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (USD MILLION) 112
TABLE 126 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2029 (USD MILLION) 112
TABLE 127 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (KILOTONS) 112
TABLE 128 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2029 (KILOTONS) 113
TABLE 129 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 113
TABLE 130 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD MILLION) 113
TABLE 131 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (KILOTONS) 114
TABLE 132 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2029 (KILOTONS) 114
TABLE 133 CHINA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 114
TABLE 134 CHINA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 115
TABLE 135 CHINA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 115
TABLE 136 CHINA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 115
TABLE 137 JAPAN: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 116
TABLE 138 JAPAN: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 116
TABLE 139 JAPAN: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 116
TABLE 140 JAPAN: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 117
TABLE 141 INDIA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 117
TABLE 142 INDIA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 117
TABLE 143 INDIA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 118
TABLE 144 INDIA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 118
TABLE 145 SOUTH KOREA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 118
TABLE 146 SOUTH KOREA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 119
TABLE 147 SOUTH KOREA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 119
TABLE 148 SOUTH KOREA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 119
TABLE 149 REST OF ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 120
TABLE 150 REST OF ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2029 (USD MILLION) 120
TABLE 151 REST OF ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTONS) 120
TABLE 152 REST OF ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2029 (KILOTONS) 120
TABLE 153 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 121
TABLE 154 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 122
TABLE 155 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2018–2022 (KILOTONS) 122
TABLE 156 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2023–2029 (KILOTONS) 122
TABLE 157 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 122
TABLE 158 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2029 (USD MILLION) 123
TABLE 159 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTONS) 123
TABLE 160 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2029 (KILOTONS) 123
TABLE 161 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (USD MILLION) 124
TABLE 162 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2029 (USD MILLION) 124
TABLE 163 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (KILOTONS) 124
TABLE 164 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2029 (KILOTONS) 125
TABLE 165 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 125
TABLE 166 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD MILLION) 125
TABLE 167 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (KILOTONS) 126
TABLE 168 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2029 (KILOTONS) 126
TABLE 169 US: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 126
TABLE 170 US: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 127
TABLE 171 US: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 127
TABLE 172 US: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 127
TABLE 173 CANADA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 128
TABLE 174 CANADA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 128
TABLE 175 CANADA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 128
TABLE 176 CANADA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 128
TABLE 177 MEXICO: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (USD MILLION) 129
TABLE 178 MEXICO: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (USD MILLION) 129
TABLE 179 MEXICO: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2018–2022 (KILOTONS) 129
TABLE 180 MEXICO: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL,
2023–2029 (KILOTONS) 130
TABLE 181 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 130
TABLE 182 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 130
TABLE 183 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2018–2022 (KILOTONS) 130
TABLE 184 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2023–2029 (KILOTONS) 131
TABLE 185 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 131
TABLE 186 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2029 (USD MILLION) 131
TABLE 187 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTONS) 131
TABLE 188 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2029 (KILOTONS) 132
TABLE 189 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (USD MILLION) 132
TABLE 190 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2029 (USD MILLION) 132
TABLE 191 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (KILOTONS) 133
TABLE 192 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2029 (KILOTONS) 133
TABLE 193 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 133
TABLE 194 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD MILLION) 134
TABLE 195 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (KILOTONS) 134
TABLE 196 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2029 (KILOTONS) 134
TABLE 197 SOUTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 135
TABLE 198 SOUTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2029 (USD MILLION) 135
TABLE 199 SOUTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTONS) 135
TABLE 200 SOUTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2029 (KILOTONS) 135
TABLE 201 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY MATERIALS MARKET,
BY MATERIAL, 2018–2022 (USD MILLION) 136
TABLE 202 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY MATERIALS MARKET,
BY MATERIAL, 2023–2029 (USD MILLION) 136
TABLE 203 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY MATERIALS MARKET,
BY MATERIAL, 2018–2022 (KILOTONS) 136
TABLE 204 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY MATERIALS MARKET,
BY MATERIAL, 2023–2029 (KILOTONS) 137
TABLE 205 LITHIUM-ION BATTERY MATERIALS MARKET: DEGREE OF COMPETITION 141
TABLE 206 LITHIUM-ION BATTERY MATERIALS MARKET: REGION FOOTPRINT 145
TABLE 207 LITHIUM-ION BATTERY MATERIALS MARKET: MATERIAL FOOTPRINT 146
TABLE 208 LITHIUM-ION BATTERY MATERIALS MARKET: BATTERY CHEMISTRY FOOTPRINT 147
TABLE 209 LITHIUM-ION BATTERY MATERIALS MARKET: DETAILED LIST OF KEY STARTUPS/SMES, 2023 149
TABLE 210 LITHIUM-ION BATTERY MATERIALS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, 2023 150
TABLE 211 LITHIUM-ION BATTERY MATERIALS MARKET: DEALS (JANUARY 2020–JULY 2024) 152
TABLE 212 LITHIUM-ION BATTERY MATERIALS MARKET: EXPANSIONS
(JANUARY 2020–JULY 2024) 153
TABLE 213 UMICORE: COMPANY OVERVIEW 154
TABLE 214 UMICORE: PRODUCTS OFFERED 155
TABLE 215 UMICORE: DEALS (JANUARY 2020–JULY 2024) 156
TABLE 216 UMICORE: EXPANSIONS (JANUARY 2020–JULY 2024) 156
TABLE 217 SUMITOMO METAL MINING CO., LTD.: COMPANY OVERVIEW 158
TABLE 218 SUMITOMO METAL MINING CO., LTD.: PRODUCTS OFFERED 159
TABLE 219 SUMITOMO METAL MINING CO., LTD.: DEALS (JANUARY 2020–JULY 2024) 159
TABLE 220 SUMITOMO METAL MINING CO., LTD.: EXPANSIONS (JANUARY 2020–JULY 2024) 159
TABLE 221 BASF SE: COMPANY OVERVIEW 161
TABLE 222 BASF SE: PRODUCTS OFFERED 162
TABLE 223 BASF SE: DEALS (JANUARY 2020–JULY 2024) 163
TABLE 224 BASF SE: EXPANSIONS (JANUARY 2020–JULY 2024) 164
TABLE 225 POSCO FUTURE M: COMPANY OVERVIEW 165
TABLE 226 POSCO FUTURE M: PRODUCTS OFFERED 166
TABLE 227 POSCO FUTURE M: DEALS (JANUARY 2020–JULY 2024) 167
TABLE 228 POSCO FUTURE M: EXPANSIONS (JANUARY 2020–JULY 2024) 168
TABLE 229 TANAKA CHEMICAL CORPORATION: COMPANY OVERVIEW 170
TABLE 230 TANAKA CHEMICAL CORPORATION: PRODUCTS OFFERED 171
TABLE 231 TODA KOGYO CORP.: COMPANY OVERVIEW 172
TABLE 232 TODA KOGYO CORP.: PRODUCTS OFFERED 173
TABLE 233 TODA KOGYO CORP.: EXPANSIONS (JANUARY 2020–JULY 2024) 173
TABLE 234 RESONAC HOLDINGS CORPORATION: COMPANY OVERVIEW 174
TABLE 235 RESONAC HOLDINGS CORPORATION: PRODUCTS OFFERED 175
TABLE 236 L&F CO., LTD.: COMPANY OVERVIEW 176
TABLE 237 L&F CO., LTD.: PRODUCTS OFFERED 177
TABLE 238 L&F CO., LTD.: EXPANSIONS (JANUARY 2020–JULY 2024) 177
TABLE 239 JFE CHEMICAL CORPORATION: COMPANY OVERVIEW 178
TABLE 240 JFE CHEMICAL CORPORATION: PRODUCTS OFFERED 178
TABLE 241 3M: COMPANY OVERVIEW 179
TABLE 242 3M: PRODUCTS OFFERED 180
TABLE 243 SGL CARBON: COMPANY OVERVIEW 181
TABLE 244 SGL CARBON: PRODUCTS OFFERED 182
TABLE 245 NEI CORPORATION: COMPANY OVERVIEW 183
TABLE 246 NEI CORPORATION: PRODUCTS OFFERED 183
TABLE 247 KUREHA CORPORATION: COMPANY OVERVIEW 184
TABLE 248 KUREHA CORPORATION: PRODUCTS OFFERED 185
TABLE 249 BTR NEW MATERIAL GROUP CO., LTD.: COMPANY OVERVIEW 186
TABLE 250 BTR NEW MATERIAL GROUP CO., LTD.: PRODUCTS OFFERED 186
TABLE 251 BTR NEW MATERIAL GROUP CO., LTD.: DEALS (JANUARY 2020–JULY 2024) 186
TABLE 252 BTR NEW MATERIAL GROUP CO., LTD.: EXPANSIONS (JANUARY 2020–JULY 2024) 187
TABLE 253 UBE CORPORATION: COMPANY OVERVIEW 188
TABLE 254 UBE CORPORATION: PRODUCTS OFFERED 189
TABLE 255 UBE CORPORATION: DEALS (JANUARY 2020–JULY 2024) 190
TABLE 256 KURARAY CO., LTD.: COMPANY OVERVIEW 191
TABLE 257 KURARAY CO., LTD.: PRODUCTS OFFERED 192
TABLE 258 SHENZHEN DYNANONIC CO., LTD.: COMPANY OVERVIEW 193
TABLE 259 SHENZHEN DYNANONIC CO., LTD.: PRODUCTS OFFERED 193
TABLE 260 ZHEJIANG HUAYOU COBALT: COMPANY OVERVIEW 194
TABLE 261 ZHEJIANG HUAYOU COBALT: PRODUCTS OFFERED 195
TABLE 262 ZHEJIANG HUAYOU COBALT: DEALS (JANUARY 2020–JULY 2024) 196
TABLE 263 AMERICAN ELEMENTS: COMPANY OVERVIEW 197
TABLE 264 AMERICAN ELEMENTS: PRODUCTS OFFERED 197
TABLE 265 MORITA CHEMICAL INDUSTRIES CO., LTD.: COMPANY OVERVIEW 198
TABLE 266 MORITA CHEMICAL INDUSTRIES CO., LTD.: PRODUCTS OFFERED 198
TABLE 267 ECOPRO BM: COMPANY OVERVIEW 199
TABLE 268 CAPCHEM: COMPANY OVERVIEW 199
TABLE 269 NICHIA CORPORATION: COMPANY OVERVIEW 200
TABLE 270 ASCEND ELEMENTS, INC.: COMPANY OVERVIEW 200
TABLE 271 PULEAD TECHNOLOGY INDUSTRY CO., LTD.: COMPANY OVERVIEW 201
TABLE 272 LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD BILLION) 203
TABLE 273 LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD BILLION) 203
LIST OF FIGURES
FIGURE 1 MARKET SEGMENTATION 26
FIGURE 2 LITHIUM-ION BATTERY MATERIALS MARKET: RESEARCH DESIGN 29
FIGURE 3 MAIN MATRIX CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR LITHIUM-ION BATTERY MATERIALS MARKET 32
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 33
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 33
FIGURE 6 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM-ION BATTERY MATERIALS MARKET (1/2) 33
FIGURE 7 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM-ION BATTERY MATERIALS MARKET (2/2) 34
FIGURE 8 LITHIUM-ION BATTERY MATERIALS MARKET: DATA TRIANGULATION 35
FIGURE 9 CATHODE MATERIALS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 39
FIGURE 10 LITHIUM NICKEL MANGANESE COBALT SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 39
FIGURE 11 ELECTRIC VEHICLES SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 40
FIGURE 12 LITHIUM-ION BATTERY MATERIALS MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 40
FIGURE 13 INCREASING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET 41
FIGURE 14 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 41
FIGURE 15 CATHODE MATERIALS SEGMENT TO LEAD MARKET FROM 2024 TO 2029 42
FIGURE 16 LITHIUM NICKEL MANGANESE COBALT SEGMENT TO DOMINATE MARKET BETWEEN 2024 AND 2029 42
FIGURE 17 ELECTRIC VEHICLES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 43
FIGURE 18 LITHIUM-ION BATTERY MATERIALS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 44
FIGURE 19 LITHIUM-ION BATTERY PACK PRICES, 2013–2023 (USD/KWH) 47
FIGURE 20 LITHIUM CARBONATE PRICES, 2020–2023 (USD THOUSAND/TON) 47
FIGURE 21 GLOBAL BEV & PHEV SALES 51
FIGURE 22 LITHIUM-ION BATTERY MATERIALS MARKET: VALUE CHAIN ANALYSIS 51
FIGURE 23 LITHIUM-ION BATTERY MATERIALS MARKET: ECOSYSTEM ANALYSIS 52
FIGURE 24 LITHIUM-ION BATTERY MATERIALS MARKET: PORTER’S FIVE FORCES ANALYSIS 53
FIGURE 25 AVERAGE SELLING PRICE TREND OF LITHIUM CARBONATE, BY REGION 55
FIGURE 26 AVERAGE SELLING PRICE OF COBALT, BY REGION 56
FIGURE 27 AVERAGE SELLING PRICE OF NICKEL, BY REGION 56
FIGURE 28 AVERAGE SELLING PRICE, BY METAL 57
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MAJOR APPLICATIONS 60
FIGURE 30 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 60
FIGURE 31 TOP APPLICANTS AND OWNERS OF PATENTS RELATED TO LITHIUM-ION BATTERY MATERIALS 62
FIGURE 32 IMPORT DATA FOR LITHIUM CELLS AND BATTERIES (HS CODE 850650) FOR KEY COUNTRIES, 2020–2023 (USD THOUSAND) 64
FIGURE 33 EXPORT DATA FOR LITHIUM CELLS AND BATTERIES (HS CODE 850650) FOR KEY COUNTRIES, 2020–2023 (USD THOUSAND) 65
FIGURE 34 LITHIUM-ION BATTERY MATERIALS MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 66
FIGURE 35 LITHIUM-ION BATTERY MATERIALS MARKET: INVESTMENT AND FUNDING SCENARIO 67
FIGURE 36 CATHODE MATERIALS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 70
FIGURE 37 ELECTRIC VEHICLES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 78
FIGURE 38 LITHIUM NICKEL MANGANESE COBALT SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 86
FIGURE 39 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 96
FIGURE 40 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET SNAPSHOT 98
FIGURE 41 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET SNAPSHOT 109
FIGURE 42 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET SNAPSHOT 121
FIGURE 43 LITHIUM-ION BATTERY MATERIALS MARKET: REVENUE ANALYSIS OF KEY COMPANIES, 2019–2023 (USD BILLION) 140
FIGURE 44 LITHIUM-ION BATTERY MATERIALS MARKET SHARE ANALYSIS, 2023 140
FIGURE 45 LITHIUM-ION BATTERY MATERIALS MARKET: BRAND/PRODUCT COMPARISON 142
FIGURE 46 LITHIUM-ION BATTERY MATERIALS MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2023 144
FIGURE 47 LITHIUM-ION BATTERY MATERIALS MARKET: COMPANY FOOTPRINT 145
FIGURE 48 LITHIUM-ION BATTERY MATERIALS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 149
FIGURE 49 EV/EBITDA 151
FIGURE 50 EV/REVENUE 151
FIGURE 51 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA OF KEY MANUFACTURERS 152
FIGURE 52 UMICORE: COMPANY SNAPSHOT 155
FIGURE 53 SUMITOMO METAL MINING CO., LTD.: COMPANY SNAPSHOT 158
FIGURE 54 BASF SE: COMPANY SNAPSHOT 162
FIGURE 55 POSCO FUTURE M: COMPANY SNAPSHOT 166
FIGURE 56 TANAKA CHEMICAL CORPORATION: COMPANY SNAPSHOT 170
FIGURE 57 TODA KOGYO CORP.: COMPANY SNAPSHOT 172
FIGURE 58 RESONAC HOLDINGS CORPORATION: COMPANY SNAPSHOT 175
FIGURE 59 L&F CO., LTD.: COMPANY SNAPSHOT 176
FIGURE 60 3M: COMPANY SNAPSHOT 180
FIGURE 61 SGL CARBON: COMPANY SNAPSHOT 182
FIGURE 62 KUREHA CORPORATION: COMPANY SNAPSHOT 184
FIGURE 63 UBE CORPORATION: COMPANY SNAPSHOT 189
FIGURE 64 KURARAY CO., LTD.: COMPANY SNAPSHOT 192
FIGURE 65 ZHEJIANG HUAYOU COBALT: COMPANY SNAPSHOT 195
