正極材料市場規模、シェア、動向、2030年までの世界予測

Cathode Materials Market - Global Forecast to 2030

Cathode Materials Market by Battery Type (Lead-acid, Lithium-ion, Nickel-cadmium (NiCd)), Material (Lithium-ion (LFP, LCO, NMC, NCA, LMO), Lead Dioxide), End Use (Automotive, Consumer Electronics, Industrial), and Region - Global Forecast to 2030

商品番号 : SMB-27103

出版社MarketsandMarkets
出版年月2025年9月
ページ数257
図表数397
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

正極材料市場 – 電池の種類(鉛蓄電池、リチウムイオン電池、ニッケルカドミウム電池(NiCd))、材質(リチウムイオン電池(LFP、LCO、NMC、NCA、LMO)、二酸化鉛)、最終用途(自動車、民生用電子機器、産業用)、および地域別 – 2030年までの世界予測

世界の正極材料市場は、予測期間中に年平均成長率11.5%で成長し、2025年の377億8,000万米ドルから2030年には651億5,000万米ドルに達すると予測されています。

正極材料市場は急速に拡大しており、これらの化合物は現代の充電式電池の性能と信頼性に不可欠であり続けています。正極材料は正極として機能し、エネルギー密度、電圧出力、サイクル寿命といった重要な電池特性を左右します。主要な化学組成には、ニッケルマンガンコバルトリチウム(NMC)、リン酸鉄リチウム(LFP)、ニッケルコバルトアルミニウム(NCA)、コバルト酸リチウム(LCO)、マンガン酸リチウム(LMO)などがあり、それぞれがコスト、安​​定性、エネルギー容量の独自のバランスを提供しています。需要は主要な電池タイプに及びますが、特にリチウムイオン電池は電気自動車、携帯型電子機器、定置型エネルギー貯蔵システムの用途で主流となっています。自動車、民生用電子機器、産業用電力といった最終用途産業は成長を続けており、より高度な化学組成と大規模生産が求められています。同時に、固体合成や共沈法といった製造プロセスの改善により、製品の一貫性と拡張性が向上しています。ギガファクトリーへの投資増加、クリーンエネルギー導入に対する政府のインセンティブ、そして高ニッケル・コバルトフリー正極に関する継続的な研究が、市場の勢いを強めています。これらの要因が相まって、正極材料は世界的な電化と持続可能なエネルギーソリューションへの移行の礎となるでしょう。

本レポートは、正極材料(カソード材料)市場を材料、電池の種類、最終用途、地域に基づいて定義、セグメント化し、予測しています。市場の成長に影響を与える主要要因(牽引要因、制約要因、機会、課題など)に関する詳細な情報を提供しています。また、正極材料メーカーを戦略的にプロファイリングし、市場シェアとコアコンピテンシーを包括的に分析するとともに、買収、契約、合弁事業、事業拡大といった競合動向を追跡・分析しています。

本レポートは、正極材料市場とそのセグメントの収益数値に関する最も近似値を提供することで、市場リーダー/新規参入企業を支援することが期待されています。また、ステークホルダーが市場の競争環境をより深く理解し、事業の地位向上のための洞察を獲得し、適切な市場開拓戦略を策定する上でも役立つことが期待されます。さらに、ステークホルダーが市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供することを可能にします。

The global cathode materials market is projected to grow from USD 37.78 billion in 2025 to USD 65.15 billion by 2030, at a CAGR of 11.5% during the forecast period. The cathode materials market is expanding rapidly as these compounds remain essential to the performance and reliability of modern rechargeable batteries. Serving as the positive electrode, cathode materials govern critical battery characteristics such as energy density, voltage output, and cycle life. Key chemistries include lithium nickel manganese cobalt (NMC), lithium iron phosphate (LFP), nickel cobalt aluminum (NCA), lithium cobalt oxide (LCO), and lithium manganese oxide (LMO), each offering distinct balances of cost, stability, and energy capacity. Demand spans major battery types, particularly lithium-ion, which dominates applications in electric vehicles, portable electronics, and stationary energy storage systems. End-use industries such as automotive, consumer electronics, and industrial power continue to grow, requiring ever more advanced chemistries and large-scale production. At the same time, improvements in manufacturing processes, including solid-state synthesis and co-precipitation, are enhancing product consistency and scalability. Rising investments in gigafactories, government incentives for clean energy adoption, and ongoing research into high-nickel and cobalt-free cathodes reinforce market momentum. These combined factors position cathode materials as a cornerstone of the global transition toward electrification and sustainable energy solutions.

正極材料市場規模、シェア、動向、2030年までの世界予測
Cathode Materials Market – Global Forecast to 2030

“Lead-acid segment is estimated to account for the second-largest share of the market, by battery type, during the forecast period.”

The lead-acid segment is expected to secure the second-largest share of the cathode materials market owing to its enduring role in reliable, cost-effective energy storage across multiple industries. Lead-acid batteries remain the preferred choice for automotive starter-lighting-ignition (SLI) systems, backup power supplies, uninterruptible power systems (UPS), and off-grid renewable installations where high surge currents and dependable performance are critical. Their comparatively low cost, mature recycling infrastructure, and proven safety profile make them attractive for large-scale use, particularly in regions where advanced lithium-ion solutions are still cost-prohibitive. Continuous improvements in lead-acid battery design, including enhanced flooded batteries and absorbent glass mat (AGM) technologies, have increased cycle life and reduced maintenance requirements, strengthening their competitiveness in industrial and commercial applications. Expanding telecommunications networks, data centers, and grid-support projects further sustain demand, while robust recycling practices ensure a secure supply of key raw materials and align with circular economy goals. Together, these factors allow the lead-acid segment to maintain a substantial market presence, driving steady consumption of cathode materials and complementing the rapid growth of lithium-ion technologies in the broader energy storage landscape.

“By end-use, the industrial segment is estimated to account for the second-largest share during the forecast period.”

The industrial segment is anticipated to capture a significant share of the cathode materials market as businesses worldwide seek reliable, high-capacity energy storage for diverse operations. Industrial applications include backup power for manufacturing plants, uninterruptible power supplies for critical infrastructure, grid stabilization, renewable energy storage, mining equipment, and heavy-duty machinery, all of which require batteries with consistent performance and long service life. Cathode materials play a central role by enabling the high energy density, durability, and safety needed for these demanding environments. The rise of renewable energy projects and the need for stable power in remote or off-grid locations further strengthen demand for advanced lithium-ion chemistries such as NMC, LFP, and emerging high-manganese or cobalt-free options. Additionally, industrial automation, expanding data centers, and large-scale telecommunications networks are creating continuous requirements for dependable stationary energy storage. Investments in modern manufacturing processes like co-precipitation and solid-state synthesis enhance material consistency and scalability, supporting these high-volume industrial needs. By providing critical power solutions across sectors ranging from utilities to heavy engineering, the industrial end-use segment drives sustained growth of the cathode materials market and reinforces its importance in global energy infrastructure.

正極材料市場規模、シェア、動向、2030年までの世界予測 - 地域
Cathode Materials Market – Global Forecast to 2030 – region

“North America is estimated to account for the second-largest share during the forecast period.”

North America is projected to hold the second-largest share of the cathode materials market, supported by a strong battery manufacturing ecosystem and rapidly growing demand across key industries. Expanding electric vehicle adoption, driven by federal and state incentives as well as stricter emission standards, is a primary factor boosting the need for high-performance lithium-ion batteries and their associated cathode chemistries such as NMC, LFP, and emerging cobalt-free formulations. The region’s well-established consumer electronics sector—covering smartphones, laptops, and connected devices—adds steady demand, while large-scale renewable energy projects and grid storage installations further amplify requirements for durable, high-energy cathodes. Significant investments in gigafactories and recycling infrastructure are strengthening local supply chains, reducing reliance on imports, and ensuring secure access to critical raw materials like lithium and nickel. In parallel, ongoing research and development initiatives in advanced cathode materials, including solid-state and high-nickel technologies, position North America as a center of innovation. This combination of policy support, technological advancement, and diversified end-use applications allows North America to remain a major force in the global cathode materials market, reinforcing its role as the second-largest regional market and a key driver of industry growth.

Profile break-up of primary participants for the report:

  • By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
  • By Designation: Directors – 25%, Managers – 30%, and Others – 45%
  • By Region: North America – 30%, Asia Pacific – 40%, Europe – 20%, and the Rest of the World – 10%

XTC New Energy Materials (Xiamen) Co., Ltd. (China), Shenzhen Dynanonic Co., Ltd. (China), Hunan Yuneng New Energy Battery Materials Co., Ltd. (China), LANDF CORP. (South Korea), POSCO FUTURE M (South Korea), and BASF (Germany) are some of the major players operating in the cathode materials market. The key players have adopted agreements, joint ventures, partnerships, expansions, acquisitions, investments, memorandum of understanding (MoU), collaborations, and contracts to increase their market share and business revenue.

正極材料市場規模、シェア、動向、2030年までの世界予測 - 対象企業
Cathode Materials Market – Global Forecast to 2030 – ecosystem

Research Coverage:

The report defines, segments, and projects the cathode materials market based on material, battery type, end use, and region. It provides detailed information regarding the major factors influencing the market’s growth, such as drivers, restraints, opportunities, and challenges. It strategically profiles cathode material manufacturers, comprehensively analyzing their market shares and core competencies, and tracks and analyzes competitive developments, such as acquisitions, agreements, joint ventures, and expansions.

Reasons to Buy the Report:

The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the cathode materials market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the market’s competitive landscape, gain insights to improve the position of their businesses, and develop suitable go-to-market strategies. It also enables stakeholders to understand the market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of critical drivers (rapid adoption of EVs, PHEVs, and HEVs boosting need for advanced cathode chemistries, high demand for lithium-ion technology in renewable energy industry, and expanding consumer electronics market sustaining steady demand), restraints (safety and thermal-runaway risks during cathode production, storage, and battery operation), opportunities (breakthroughs in solid-state batteries and novel chemistries such as LMFP, high-manganese, or cobalt-free cathodes and regional supply-chain localization and government incentives encouraging new cathode plants), and challenges (maintaining product consistency while ramping high-volume production, navigating evolving environmental regulations and carbon-footprint requirements, and ensuring long-term supply security for critical raw materials) influencing the growth of the cathode materials market.
  • Product Development/Innovation: Detailed insights on upcoming technologies and research & development activities in the cathode materials market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the cathode materials market across varied regions.
  • Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the cathode materials market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players such as XTC New Energy Materials (Xiamen) Co., Ltd. (China), Shenzhen Dynanonic Co., Ltd. (China), Hunan Yuneng New Energy Battery Materials Co., Ltd. (China), LANDF CORP. (South Korea), POSCO FUTURE M (South Korea), and BASF (Germany).

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   28

1.3           STUDY SCOPE   29

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      29

1.3.2        INCLUSIONS AND EXCLUSIONS OF STUDY          30

1.4           YEARS CONSIDERED      30

1.5           CURRENCY CONSIDERED            31

1.6           UNITS CONSIDERED      31

1.7           STAKEHOLDERS               31

1.8           SUMMARY OF CHANGES               31

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH DATA              32

2.1.1        SECONDARY DATA          33

2.1.1.1    Key data from secondary sources       33

2.1.2        PRIMARY DATA 33

2.1.2.1    Key data from primary sources           34

2.1.2.2    List of primary interview participants (demand and supply sides)                 34

2.1.2.3    Key industry insights           35

2.1.2.4    Breakdown of interviews with experts               35

2.2           MATRIX CONSIDERED FOR DEMAND-SIDE ANALYSIS                 36

2.3           MARKET SIZE ESTIMATION         36

2.3.1        BOTTOM-UP APPROACH              37

2.3.2        TOP-DOWN APPROACH                37

2.3.2.1    Calculations for supply-side analysis 39

2.4           GROWTH FORECAST      39

2.5           DATA TRIANGULATION                39

2.6           RESEARCH ASSUMPTIONS           40

2.7           RESEARCH LIMITATIONS             41

2.8           RISK ASSESSMENT           41

3               EXECUTIVE SUMMARY  42

4               PREMIUM INSIGHTS       46

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CATHODE MATERIALS MARKET                46

4.2           CATHODE MATERIALS MARKET, BY REGION      46

4.3           CATHODE MATERIALS MARKET, BY MATERIAL 47

4.4           CATHODE MATERIALS MARKET, BY BATTERY TYPE                 47

4.5           CATHODE MATERIALS MARKET, BY KEY COUNTRY                 48

5               MARKET OVERVIEW       49

5.1           INTRODUCTION              49

5.2           MARKET DYNAMICS       50

5.2.1        DRIVERS               50

5.2.1.1    Rapid adoption of EVs, PHEVs, and HEVs boosts need for advanced cathode chemistries            50

5.2.1.2    High demand for lithium-ion technology in renewable energy industry to drive market      52

5.2.1.3    Expanding consumer electronics market to increase demand                 52

5.2.2        RESTRAINTS      52

5.2.2.1    Safety and thermal-runaway risks during cathode production, storage, and battery operation            52

5.2.2.2    Limited large-scale, efficient recycling and closed-loop processes for cathode materials            53

5.2.3        OPPORTUNITIES              53

5.2.3.1    Breakthroughs in solid-state batteries and novel chemistries such as LMFP, high-manganese, or cobalt-free cathodes       53

5.2.3.2    Regional supply-chain localization and government incentives encouraging new cathode plants        53

5.2.4        CHALLENGES    54

5.2.4.1    Maintaining product consistency while ramping high-volume production             54

5.2.4.2    Navigating evolving environmental regulations and carbon-footprint requirements        54

5.2.4.3    Ensuring long-term supply security for critical raw materials                 54

6               INDUSTRY TRENDS         55

6.1           MACROECONOMIC OUTLOOK  55

6.2           SUPPLY CHAIN ANALYSIS             57

6.2.1        RAW MATERIAL SUPPLY               58

6.2.2        CATHODE MATERIALS PRODUCTION    58

6.2.3        CATHODE MATERIAL TYPES      58

6.2.4        DISTRIBUTION NETWORK           58

6.2.5        END-USE INDUSTRIES   58

6.3           ECOSYSTEM ANALYSIS  59

6.4           PORTER’S FIVE FORCES ANALYSIS           60

6.4.1        BARGAINING POWER OF SUPPLIERS       61

6.4.2        BARGAINING POWER OF BUYERS             61

6.4.3        THREAT OF NEW ENTRANTS      61

6.4.4        THREAT OF SUBSTITUTES          62

6.4.5        INTENSITY OF COMPETITIVE RIVALRY 62

6.5           KEY STAKEHOLDERS AND BUYING CRITERIA     62

6.5.1        KEY STAKEHOLDERS IN BUYING PROCESS           62

6.5.2        BUYING CRITERIA           63

6.6           PRICING ANALYSIS          64

6.6.1        AVERAGE SELLING PRICE TREND OF LITHIUM-ION CATHODE MATERIALS,

BY REGION, 2022–2024    64

6.6.2        AVERAGE SELLING PRICE OF LITHIUM-ION CATHODE MATERIALS,

BY KEY PLAYER, 2024      66

6.7           TARIFF ANALYSIS AND REGULATORY LANDSCAPE                 67

6.7.1        TARIFF ANALYSIS             67

6.7.2        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             68

6.8           KEY CONFERENCES AND EVENTS, 2025–2026        70

6.9           PATENT ANALYSIS          71

6.9.1        METHODOLOGY              71

6.9.2        CATHODE MATERIALS MARKET: LIST OF MAJOR PATENTS, 2014–2024        72

6.10         TECHNOLOGY ANALYSIS             73

6.10.1      KEY TECHNOLOGIES     73

6.10.1.1  High-nickel cathodes           73

6.10.2      COMPLEMENTARY TECHNOLOGIES       73

6.10.2.1  Lithium metal batteries       73

6.10.3      ADJACENT TECHNOLOGIES       74

6.10.3.1  Metal-air batteries                74

6.11         CASE STUDY ANALYSIS 74

6.11.1      ASCEND ELEMENTS TARGETS 90% CARBON FOOTPRINT REDUCTION IN NMC 622 CATHODE PRODUCTION BY 2030 74

6.11.2      POSCO FUTURE M SECURED SUPPLY DEAL WITH GM-LG ULTIUM CELLS TO EXPAND EV CATHODE MATERIAL PRODUCTION   75

6.12         TRADE DATA     75

6.12.1      IMPORT SCENARIO (HS CODE 850650)    75

6.12.2      EXPORT SCENARIO (HS CODE 850650)    77

6.13         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            78

6.14         INVESTMENT AND FUNDING SCENARIO               78

6.15         IMPACT OF GENERATIVE AI ON CATHODE MATERIALS MARKET               79

6.15.1      INTRODUCTION              79

6.15.2      PRODUCTION IMPROVEMENT  79

6.15.3      MATERIAL DISCOVERY AND INNOVATION          80

6.15.4      SUPPLY CHAIN OPTIMIZATION 80

6.15.5      QUALITY CONTROL AND PREDICTIVE MAINTENANCE                 80

6.16         IMPACT OF 2025 US TARIFF – CATHODE MATERIALS MARKET               80

6.16.1      KEY TARIFF RATES          80

6.16.2      PRICE IMPACT ANALYSIS             80

6.16.3      IMPACT ON COUNTRY/REGION                80

6.16.3.1  US           80

6.16.3.2  Europe   81

6.16.3.3  Asia Pacific            81

6.16.4      IMPACT ON END-USE INDUSTRIES          81

6.16.4.1  Automotive            81

6.16.4.2  Consumer electronics          81

6.16.4.3  Industrial                81

7               CATHODE MATERIALS MARKET, BY MANUFACTURING PROCESS              82

7.1           INTRODUCTION              82

7.2           SOLID-STATE SYNTHESIS             82

7.2.1        ABILITY TO ENABLE LARGE-SCALE, COST-EFFECTIVE PRODUCTION OF RELIABLE CATHODE MATERIALS TO DRIVE MARKET               82

7.3           CO-PRECIPITATION       82

7.3.1        PRECISION AND UNIFORMITY IN PRODUCING HIGH-PERFORMANCE CATHODE MATERIALS TO DRIVE MARKET                 82

7.4           OTHER MANUFACTURING PROCESSES 82

8               CATHODE MATERIALS MARKET, BY MATERIAL 83

8.1           INTRODUCTION              84

8.2           LITHIUM-ION CATHODE MATERIALS     86

8.2.1        LITHIUM IRON PHOSPHATE       87

8.2.1.1    Rapid electrification of public transport and renewable-energy storage projects to accelerate market                 87

8.2.2        LITHIUM COBALT OXIDE             89

8.2.2.1    Rising demand for powerful, lightweight consumer electronics to fuel market             89

8.2.3        LITHIUM NICKEL MANGANESE COBALT                90

8.2.3.1    Versatility and strong performance of NMC cathodes to drive market    90

8.2.4        LITHIUM NICKEL COBALT ALUMINUM 92

8.2.4.1    Rising demand for premium electric vehicles and high-end energy applications to drive market  92

8.2.5        LITHIUM MANGANESE OXIDE   93

8.2.5.1    Growing demand for affordable mobility solutions and industrial tools to drive market             93

8.3           LEAD DIOXIDE CATHODE MATERIALS  95

8.3.1        DEMAND FOR COST-EFFECTIVE, RELIABLE ENERGY STORAGE IN AUTOMOTIVE AND INDUSTRIAL APPLICATIONS TO DRIVE MARKET         95

8.4           OTHER CATHODE MATERIALS  96

9               CATHODE MATERIALS MARKET, BY BATTERY TYPE                 99

9.1           INTRODUCTION              100

9.2           LITHIUM-ION    101

9.2.1        RISING ADOPTION OF ELECTRIC VEHICLES, RENEWABLE ENERGY, AND PORTABLE ELECTRONICS TO PROPEL MARKET             101

9.3           LEAD-ACID         103

9.3.1        STEADY DEMAND FOR COST-EFFECTIVE, RELIABLE ENERGY STORAGE IN AUTOMOTIVE AND INDUSTRIAL APPLICATIONS TO DRIVE MARKET         103

9.4           OTHER BATTERY TYPES               104

10            CATHODE MATERIALS MARKET, BY END USE    107

10.1         INTRODUCTION              108

10.2         AUTOMOTIVE   109

10.2.1      GLOBAL SHIFT TOWARD ELECTRIC AND HYBRID VEHICLES TO ACCELERATE MARKET     109

10.3         CONSUMER ELECTRONICS          109

10.3.1      RISING ADOPTION OF PORTABLE ELECTRONIC DEVICES TO DRIVE DEMAND    109

10.4         INDUSTRIAL      110

10.4.1      GROWING ENERGY STORAGE AND BACKUP REQUIREMENTS TO FUEL MARKET GROWTH    110

10.5         OTHER END USES            110

11            CATHODE MATERIALS MARKET, BY REGION      111

11.1         INTRODUCTION              112

11.2         ASIA PACIFIC     113

11.2.1      CHINA  121

11.2.1.1  Expanding electric vehicle adoption to drive market      121

11.2.2      SOUTH KOREA  122

11.2.2.1  Increasing automotive output, combined with leadership in electric vehicle production, to drive market     122

11.2.3      JAPAN   123

11.2.3.1  Rising adoption of electric and hybrid vehicles to drive market                 123

11.2.4      INDIA    124

11.2.4.1  Government incentives for electric vehicle deployment under FAME-II to propel market  124

11.2.5      TAIWAN               125

11.2.5.1  Growth in battery recycling initiatives to fuel market growth                 125

11.2.6      MALAYSIA           126

11.2.6.1  Rising lithium-ion battery production and growing industrial and energy storage demand to drive market            126

11.2.7      REST OF ASIA PACIFIC   128

11.3         NORTH AMERICA             129

11.3.1      US           135

11.3.1.1  Increasing lithium-ion battery production and strengthening domestic supply chains to fuel market growth 135

11.3.2      CANADA               136

11.3.2.1  Growing EV adoption to drive market growth 136

11.3.3      MEXICO                137

11.3.3.1  Rising EV adoption, particularly in logistics, ride-hailing, and public transportation, to fuel market growth   137

11.4         EUROPE               138

11.4.1      GERMANY           145

11.4.1.1  Increasing demand for lithium-ion batteries and shift from conventional vehicles to boost market               145

11.4.2      UK          146

11.4.2.1  Rapid EV adoption to fuel market growth        146

11.4.3      FRANCE                147

11.4.3.1  Stable BEV growth to drive market   147

11.4.4      REST OF EUROPE             148

11.5         REST OF THE WORLD    150

11.5.1      BRAZIL 155

11.5.1.1  Growing automotive production and increasing demand from electronics and industrial applications to drive market  155

11.5.2      OTHER COUNTRIES        156

12            COMPETITIVE LANDSCAPE         158

12.1         INTRODUCTION              158

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            158

12.3         REVENUE ANALYSIS       160

12.4         MARKET SHARE ANALYSIS           160

12.5         BRAND/PRODUCT COMPARISON             162

12.6         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 164

12.6.1      STARS   164

12.6.2      EMERGING LEADERS     164

12.6.3      PERVASIVE PLAYERS      164

12.6.4      PARTICIPANTS 165

12.6.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         166

12.6.5.1  Company footprint               166

12.6.5.2  Region footprint   167

12.6.5.3  Material footprint 168

12.6.5.4  Battery type footprint          169

12.6.5.5  End-use footprint 170

12.7         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        171

12.7.1      PROGRESSIVE COMPANIES         171

12.7.2      RESPONSIVE COMPANIES            171

12.7.3      DYNAMIC COMPANIES  171

12.7.4      STARTING BLOCKS         171

12.7.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 172

12.7.5.1  Detailed list of key startups/SMEs    172

12.7.5.2  Competitive benchmarking of key startups/SMEs          173

12.8         VALUATION AND FINANCIAL METRICS 174

12.9         COMPETITIVE SCENARIO             175

12.9.1      DEALS  175

12.9.2      EXPANSIONS     176

13            COMPANY PROFILES      178

13.1         KEY PLAYERS     178

13.1.1      HUNAN YUNENG NEW ENERGY BATTERY MATERIALS CO., LTD.             178

13.1.1.1  Business overview 178

13.1.1.2  Products/Solutions/Services offered 179

13.1.1.3  Recent developments           179

13.1.1.3.1                Deals      179

13.1.1.4  MnM view              179

13.1.1.4.1                Right to win           179

13.1.1.4.2                Strategic choices   180

13.1.1.4.3                Weaknesses and competitive threats 180

13.1.2      XTC NEW ENERGY MATERIALS (XIAMEN) CO., LTD.                 181

13.1.2.1  Business overview 181

13.1.2.2  Products/Solutions/Services offered 182

13.1.2.3  Recent developments           182

13.1.2.3.1                Deals      182

13.1.2.4  MnM view              183

13.1.2.4.1                Right to win           183

13.1.2.4.2                Strategic choices   183

13.1.2.4.3                Weaknesses and competitive threats 183

13.1.3      SHENZHEN DYNANONIC CO., LTD           184

13.1.3.1  Business overview 184

13.1.3.2  Products/Solutions/Services offered 184

13.1.3.3  Recent developments           185

13.1.3.3.1                Deals      185

13.1.3.4  MnM view              185

13.1.3.4.1                Right to win           185

13.1.3.4.2                Strategic choices   185

13.1.3.4.3                Weaknesses and competitive threats 185

13.1.4      LANDF CORP.    186

13.1.4.1  Business overview 186

13.1.4.2  Products/Solutions/Services offered 187

13.1.4.3  Recent developments           187

13.1.4.3.1                Expansions             187

13.1.4.4  MnM view              187

13.1.4.4.1                Right to win           187

13.1.4.4.2                Strategic choices   188

13.1.4.4.3                Weaknesses and competitive threats 188

13.1.5      POSCO FUTURE M           189

13.1.5.1  Business overview 189

13.1.5.2  Products/Solutions/Services offered 190

13.1.5.3  Recent developments           190

13.1.5.3.1                Deals      190

13.1.5.4  MnM view              191

13.1.5.4.1                Right to win           191

13.1.5.4.2                Strategic choices   191

13.1.5.4.3                Weaknesses and competitive threats 191

13.1.6      UMICORE            192

13.1.6.1  Business overview 192

13.1.6.2  Products/Solutions/Services offered 193

13.1.6.3  Recent developments           194

13.1.6.3.1                Deals      194

13.1.6.3.2                Expansions             194

13.1.7      EV METALS GROUP         196

13.1.7.1  Business overview 196

13.1.7.2  Products/Solutions/Services offered 196

13.1.7.3  Recent developments           196

13.1.7.3.1                Deals      196

13.1.8      SUMITOMO METAL MINING CO., LTD.  197

13.1.8.1  Business overview 197

13.1.8.2  Products/Solutions/Services offered 198

13.1.8.3  Recent developments           198

13.1.8.3.1                Deals      198

13.1.8.3.2                Expansions             198

13.1.9      MITSUI MINING & SMELTING CO., LTD. 199

13.1.9.1  Business overview 199

13.1.9.2  Products/Solutions/Services offered 200

13.1.10   BASF      202

13.1.10.1                 Business overview 202

13.1.10.2                 Products/Solutions/Services offered 203

13.1.10.3                 Recent developments           204

13.1.10.3.1             Deals      204

13.1.11   TODA KOGYO CORP.     205

13.1.11.1                 Business overview 205

13.1.11.2                 Products/Solutions/Services offered 206

13.1.11.3                 Recent developments           206

13.1.11.3.1             Expansions             206

13.1.12   NEI CORPORATION         207

13.1.12.1                 Business overview 207

13.1.12.2                 Products/Solutions/Services offered 207

13.1.12.3                 Recent developments           209

13.1.12.3.1             Expansions             209

13.1.13   SHANSHAN CO. 210

13.1.13.1                 Business overview 210

13.1.13.2                 Products/Solutions/Services offered 211

13.1.13.3                 Recent developments           211

13.1.13.3.1             Deals      211

13.1.14   GRAVITA INDIA LTD.     212

13.1.14.1                 Business overview 212

13.1.14.2                 Products/Solutions/Services offered 213

13.1.15   LG CHEM             214

13.1.15.1                 Business overview 214

13.1.15.2                 Products/Solutions/Services offered 215

13.1.15.3                 Recent developments           216

13.1.15.3.1             Deals      216

13.1.15.3.2             Expansions             217

13.1.16   NINGBO RONGBAI NEW ENERGY TECHNOLOGY CO., LTD.      218

13.1.16.1                 Business overview 218

13.1.16.2                 Products/Solutions/Services offered 219

13.1.17   BEIJING DANGSHENG MATERIALS TECHNOLOGY CO., LTD.      220

13.1.17.1                 Business overview 220

13.1.17.2                 Products/Solutions/Services offered 221

13.1.18   HUBEI WANRUN NEW ENERGY TECHNOLOGY CO., LTD.                 222

13.1.18.1                 Business overview 222

13.1.18.2                 Products/Solutions/Services offered 223

13.1.19   HUAYOU COBALT CO., LTD.       224

13.1.19.1                 Business overview 224

13.1.19.2                 Products/Solutions/Services offered 225

13.1.19.3                 Recent developments           226

13.1.19.3.1             Deals      226

13.1.20   AMERICAN ELEMENTS  228

13.1.20.1                 Business overview 228

13.1.20.2                 Products/Solutions/Services offered 228

13.1.21   PROTERIAL, LTD.             233

13.1.21.1                 Business overview 233

13.1.21.2                 Products/Solutions/Services offered 234

13.1.21.3                 Recent developments           234

13.1.21.3.1             Deals      234

13.2         OTHER PLAYERS              235

13.2.1      NICHIA CORPORATION 235

13.2.2      PEKING UNIVERSITY PIONEER TECHNOLOGY INDUSTRY CO., LTD.      236

13.2.3      ASCEND ELEMENTS, INC.             236

13.2.3.1  Recent developments           237

13.2.3.1.1                Deals      237

13.2.3.1.2                Expansions             237

13.2.4      TOPSOE               238

14            ADJACENT AND RELATED MARKETS      239

14.1         INTRODUCTION              239

14.2         LIMITATIONS    239

14.3         INTERCONNECTED MARKETS   239

14.3.1      INDUSTRIAL BATTERIES MARKET            239

14.3.2      MARKET DEFINITION   239

14.3.3      MARKET OVERVIEW       239

14.3.4      INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE                 240

14.3.4.1  Lead-acid               240

14.3.4.1.1                Increasing adoption in grid energy storage to drive growth    240

14.3.4.2  Lithium-ion           243

14.3.4.2.1                Decreasing prices to drive growth     243

14.3.4.3  Others    246

15            APPENDIX           250

15.1         DISCUSSION GUIDE        250

15.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                253

15.3         CUSTOMIZATION OPTIONS        255

15.4         RELATED REPORTS         255

15.5         AUTHOR DETAILS           256

LIST OF TABLES

TABLE 1                CATHODE MATERIALS MARKET SNAPSHOT: 2025 VS. 2030       42

TABLE 2                LIST OF OEM ANNOUNCEMENTS ON ELECTRIC CARS AS OF JULY 2021    51

TABLE 3                ELECTRIC CAR SALES, BY KEY COUNTRY, 2020–2023        51

TABLE 4                REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE), BY KEY COUNTRY,

2022–2024 (%)     55

TABLE 5                UNEMPLOYMENT RATE, BY KEY COUNTRY, 2022–2024 (%)     56

TABLE 6                INFLATION RATE AVERAGE CONSUMER PRICES, BY KEY COUNTRY, 2022–2024 (%)               56

TABLE 7                FOREIGN DIRECT INVESTMENT, BY REGION, 2022 VS. 2023 (USD BILLION)       57

TABLE 8                ROLES OF COMPANIES IN CATHODE MATERIALS ECOSYSTEM              59

TABLE 9                CATHODE MATERIALS MARKET: PORTER’S FIVE FORCES ANALYSIS           61

TABLE 10              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY (%)   63

TABLE 11              KEY BUYING CRITERIA, BY END-USE INDUSTRY                 64

TABLE 12              AVERAGE SELLING PRICE TREND OF LITHIUM-ION CATHODE MATERIALS,

BY REGION, 2022–2024 (USD/TON)           65

TABLE 13              AVERAGE SELLING PRICE TREND OF LEAD, BY REGION, 2022–2024 (USD/TON) 66

TABLE 14              AVERAGE SELLING PRICE OF LITHIUM-ION CATHODE MATERIALS, BY KEY PLAYER, 2024 (USD/TON)                 67

TABLE 15              TARIFF ANALYSIS RELATED TO HS CODE 850650-COMPLIANT PRODUCTS, 2025     68

TABLE 16              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 68

TABLE 17              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           69

TABLE 18              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 69

TABLE 19              CATHODE MATERIALS MARKET: KEY CONFERENCES AND EVENTS, 2025–2026                 70

TABLE 20              CATHODE MATERIALS MARKET: LIST OF MAJOR PATENTS, 2014–2024         72

TABLE 21              IMPORT DATA RELATED TO HS CODE 850650, BY KEY COUNTRY,

2021–2024 (USD THOUSAND)      76

TABLE 22              EXPORT DATA RELATED TO HS CODE 850650, BY KEY COUNTRY,

2021–2024 (USD THOUSAND)      77

TABLE 23              CATHODE MATERIALS MARKET, BY MATERIAL, 2021–2024 (USD MILLION)            84

TABLE 24              CATHODE MATERIALS MARKET, BY MATERIAL, 2025–2030 (USD MILLION)            85

TABLE 25              CATHODE MATERIALS MARKET, BY MATERIAL, 2021–2024 (KILOTON)     85

TABLE 26              CATHODE MATERIALS MARKET, BY MATERIAL, 2025–2030 (KILOTON)     86

TABLE 27              LITHIUM-ION CATHODE MATERIALS: CATHODE MATERIALS MARKET, BY REGION, 2021–2024 (USD MILLION)            86

TABLE 28              LITHIUM-ION CATHODE MATERIALS: CATHODE MATERIALS MARKET, BY REGION, 2025–2030 (USD MILLION)            87

TABLE 29              LITHIUM-ION CATHODE MATERIALS: CATHODE MATERIALS MARKET, BY REGION, 2021–2024 (KILOTON)         87

TABLE 30              LITHIUM-ION CATHODE MATERIALS: CATHODE MATERIALS MARKET, BY REGION, 2025–2030 (KILOTON)         87

TABLE 31              LITHIUM IRON PHOSPHATE: CATHODE MATERIALS MARKET, BY REGION,

2021–2024 (USD MILLION)            88

TABLE 32              LITHIUM IRON PHOSPHATE: CATHODE MATERIALS MARKET, BY REGION,

2025–2030 (USD MILLION)            88

TABLE 33              LITHIUM IRON PHOSPHATE: CATHODE MATERIALS MARKET, BY REGION,

2021–2024 (KILOTON)     88

TABLE 34              LITHIUM IRON PHOSPHATE: CATHODE MATERIALS MARKET, BY REGION,

2025–2030 (KILOTON)     89

TABLE 35              LITHIUM COBALT OXIDE: CATHODE MATERIALS MARKET, BY REGION,

2021–2024 (USD MILLION)            89

TABLE 36              LITHIUM COBALT OXIDE: CATHODE MATERIALS MARKET, BY REGION,

2025–2030 (USD MILLION)            90

TABLE 37              LITHIUM COBALT OXIDE: CATHODE MATERIALS MARKET, BY REGION,

2021–2024 (KILOTON)     90

TABLE 38              LITHIUM COBALT OXIDE: CATHODE MATERIALS MARKET, BY REGION,

2025–2030 (KILOTON)     90

TABLE 39              LITHIUM NICKEL MANGANESE COBALT: CATHODE MATERIALS MARKET,

BY REGION, 2021–2024 (USD MILLION)   91

TABLE 40              LITHIUM NICKEL MANGANESE COBALT: CATHODE MATERIALS MARKET,

BY REGION, 2025–2030 (USD MILLION)   91

TABLE 41              LITHIUM NICKEL MANGANESE COBALT: CATHODE MATERIALS MARKET,

BY REGION, 2021–2024 (KILOTON)            91

TABLE 42              LITHIUM NICKEL MANGANESE COBALT: CATHODE MATERIALS MARKET,

BY REGION, 2025–2030 (KILOTON)            92

TABLE 43              LITHIUM NICKEL COBALT ALUMINUM: CATHODE MATERIALS MARKET, BY REGION, 2021–2024 (USD MILLION)            92

TABLE 44              LITHIUM NICKEL COBALT ALUMINUM: CATHODE MATERIALS MARKET, BY REGION, 2025–2030 (USD MILLION)            93

TABLE 45              LITHIUM NICKEL COBALT ALUMINUM: CATHODE MATERIALS MARKET, BY REGION, 2021–2024 (KILOTON)         93

TABLE 46              LITHIUM NICKEL COBALT ALUMINUM: CATHODE MATERIALS MARKET, BY REGION, 2025–2030 (KILOTON)         93

TABLE 47              LITHIUM MANGANESE OXIDE: CATHODE MATERIALS MARKET, BY REGION,

2021–2024 (USD MILLION)            94

TABLE 48              LITHIUM MANGANESE OXIDE: CATHODE MATERIALS MARKET, BY REGION,

2025–2030 (USD MILLION)            94

TABLE 49              LITHIUM MANGANESE OXIDE: CATHODE MATERIALS MARKET, BY REGION,

2021–2024 (KILOTON)     94

TABLE 50              LITHIUM MANGANESE OXIDE: CATHODE MATERIALS MARKET, BY REGION,

2025–2030 (KILOTON)     95

TABLE 51              LEAD DIOXIDE CATHODE MATERIALS: CATHODE MATERIALS MARKET, BY REGION, 2021–2024 (USD MILLION)            95

TABLE 52              LEAD DIOXIDE CATHODE MATERIALS: CATHODE MATERIALS MARKET, BY REGION, 2025–2030 (USD MILLION)            96

TABLE 53              LEAD DIOXIDE CATHODE MATERIALS: CATHODE MATERIALS MARKET, BY REGION, 2021–2024 (KILOTON)         96

TABLE 54              LEAD DIOXIDE CATHODE MATERIALS: CATHODE MATERIALS MARKET, BY REGION, 2025–2030 (KILOTON)         96

TABLE 55              OTHER CATHODE MATERIALS: CATHODE MATERIALS MARKET, BY REGION,

2021–2024 (USD MILLION)            97

TABLE 56              OTHER CATHODE MATERIALS: CATHODE MATERIALS MARKET, BY REGION,

2025–2030 (USD MILLION)            97

TABLE 57              OTHER CATHODE MATERIALS: CATHODE MATERIALS MARKET, BY REGION,

2021–2024 (KILOTON)     97

TABLE 58              OTHER CATHODE MATERIALS: CATHODE MATERIALS MARKET, BY REGION,

2025–2030 (KILOTON)     98

TABLE 59              CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2021–2024 (USD MILLION)                100

TABLE 60              CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2025–2030 (USD MILLION)                101

TABLE 61              CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2021–2024 (KILOTON)        101

TABLE 62              CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2025–2030 (KILOTON)        101

TABLE 63              LITHIUM-ION: CATHODE MATERIALS MARKET, BY REGION,

2021–2024 (USD MILLION)            102

TABLE 64              LITHIUM-ION: CATHODE MATERIALS MARKET, BY REGION,

2025–2030 (USD MILLION)            102

TABLE 65              LITHIUM-ION: CATHODE MATERIALS MARKET, BY REGION, 2021–2024 (KILOTON)            102

TABLE 66              LITHIUM-ION: CATHODE MATERIALS MARKET, BY REGION, 2025–2030 (KILOTON)            102

TABLE 67              LEAD-ACID: CATHODE MATERIALS MARKET, BY REGION,

2021–2024 (USD MILLION)            103

TABLE 68              LEAD-ACID: CATHODE MATERIALS MARKET, BY REGION,

2025–2030 (USD MILLION)            103

TABLE 69              LEAD-ACID: CATHODE MATERIALS MARKET, BY REGION, 2021–2024 (KILOTON)  104

TABLE 70              LEAD-ACID: CATHODE MATERIALS MARKET, BY REGION, 2025–2030 (KILOTON)  104

TABLE 71              OTHER BATTERY TYPES: CATHODE MATERIALS MARKET, BY REGION,

2021–2024 (USD MILLION)            105

TABLE 72              OTHER BATTERY TYPES: CATHODE MATERIALS MARKET, BY REGION,

2025–2030 (USD MILLION)            105

TABLE 73              OTHER BATTERY TYPES: CATHODE MATERIALS MARKET, BY REGION,

2021–2024 (KILOTON)     105

TABLE 74              OTHER BATTERY TYPES: CATHODE MATERIALS MARKET, BY REGION,

2025–2030 (KILOTON)     106

TABLE 75              CATHODE MATERIALS MARKET, BY END USE, 2021–2024 (USD MILLION)            108

TABLE 76              CATHODE MATERIALS MARKET, BY END-USE, 2025–2030 (USD MILLION)            109

TABLE 77              CATHODE MATERIALS MARKET, BY REGION, 2021–2024 (USD MILLION)            112

TABLE 78              CATHODE MATERIALS MARKET, BY REGION, 2025–2030 (USD MILLION)            113

TABLE 79              CATHODE MATERIALS MARKET, BY REGION, 2021–2024 (KILOTON)     113

TABLE 80              CATHODE MATERIALS MARKET, BY REGION, 2025–2030 (KILOTON)     113

TABLE 81              ASIA PACIFIC: CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            114

TABLE 82              ASIA PACIFIC: CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            115

TABLE 83              ASIA PACIFIC: CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (KILOTON)     115

TABLE 84              ASIA PACIFIC: CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (KILOTON)     115

TABLE 85              ASIA PACIFIC: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            116

TABLE 86              ASIA PACIFIC: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            116

TABLE 87              ASIA PACIFIC: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (KILOTON)     116

TABLE 88              ASIA PACIFIC: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (KILOTON)     117

TABLE 89              ASIA PACIFIC: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            117

TABLE 90              ASIA PACIFIC: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            117

TABLE 91              ASIA PACIFIC: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (KILOTON)     118

TABLE 92              ASIA PACIFIC: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (KILOTON)     118

TABLE 93              ASIA PACIFIC: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL,

2021–2024 (USD MILLION)            118

TABLE 94              ASIA PACIFIC: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            119

TABLE 95              ASIA PACIFIC: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL,

2021–2024 (KILOTON)     119

TABLE 96              ASIA PACIFIC: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL,

2025–2030 (KILOTON)     119

TABLE 97              ASIA PACIFIC: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            120

TABLE 98              ASIA PACIFIC: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            120

TABLE 99              ASIA PACIFIC: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     120

TABLE 100            ASIA PACIFIC: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     120

TABLE 101            CHINA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            121

TABLE 102            CHINA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            121

TABLE 103            CHINA: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2021–2024 (KILOTON)   121

TABLE 104            CHINA: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2025–2030 (KILOTON)   122

TABLE 105          SOUTH KOREA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            122

TABLE 106          SOUTH KOREA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            122

TABLE 107          SOUTH KOREA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     123

TABLE 108          SOUTH KOREA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     123

TABLE 109            JAPAN: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            123

TABLE 110            JAPAN: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            124

TABLE 111            JAPAN: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2021–2024 (KILOTON)   124

TABLE 112            JAPAN: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2025–2030 (KILOTON)   124

TABLE 113            INDIA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            125

TABLE 114            INDIA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            125

TABLE 115            INDIA: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2021–2024 (KILOTON)   125

TABLE 116            INDIA: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2025–2030 (KILOTON)   125

TABLE 117            TAIWAN: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            126

TABLE 118            TAIWAN: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            126

TABLE 119            TAIWAN: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     126

TABLE 120            TAIWAN: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     126

TABLE 121            MALAYSIA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            127

TABLE 122            MALAYSIA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            127

TABLE 123            MALAYSIA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     127

TABLE 124            MALAYSIA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     127

TABLE 125            REST OF ASIA PACIFIC: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            128

TABLE 126            REST OF ASIA PACIFIC: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            128

TABLE 127            REST OF ASIA PACIFIC: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     128

TABLE 128            REST OF ASIA PACIFIC: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     129

TABLE 129            NORTH AMERICA: CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            130

TABLE 130            NORTH AMERICA: CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            130

TABLE 131            NORTH AMERICA: CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (KILOTON)     130

TABLE 132            NORTH AMERICA: CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (KILOTON)     130

TABLE 133            NORTH AMERICA: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY, 2021–2024 (USD MILLION)                 131

TABLE 134            NORTH AMERICA: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)                 131

TABLE 135            NORTH AMERICA: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY, 2021–2024 (KILOTON)                 131

TABLE 136            NORTH AMERICA: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY, 2025–2030 (KILOTON)                 131

TABLE 137            NORTH AMERICA: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY, 2021–2024 (USD MILLION)                 132

TABLE 138            NORTH AMERICA: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)                 132

TABLE 139            NORTH AMERICA: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY, 2021–2024 (KILOTON)                 132

TABLE 140            NORTH AMERICA: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY, 2025–2030 (KILOTON)                 132

TABLE 141            NORTH AMERICA: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL, 2021–2024 (USD MILLION)                 133

TABLE 142            NORTH AMERICA: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL, 2025–2030 (USD MILLION)                 133

TABLE 143            NORTH AMERICA: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL, 2021–2024 (KILOTON)                 133

TABLE 144            NORTH AMERICA: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL, 2025–2030 (KILOTON)                 134

TABLE 145            NORTH AMERICA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            134

TABLE 146            NORTH AMERICA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            134

TABLE 147            NORTH AMERICA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     134

TABLE 148            NORTH AMERICA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     135

TABLE 149            US: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2021–2024 (USD MILLION)           135

TABLE 150            US: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2025–2030 (USD MILLION)           135

TABLE 151            US: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2021–2024 (KILOTON)   136

TABLE 152            US: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2025–2030 (KILOTON)   136

TABLE 153            CANADA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            136

TABLE 154            CANADA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            137

TABLE 155            CANADA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     137

TABLE 156            CANADA: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     137

TABLE 157            MEXICO: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            138

TABLE 158            MEXICO: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            138

TABLE 159            MEXICO: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     138

TABLE 160            MEXICO: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     138

TABLE 161            EUROPE: CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            139

TABLE 162            EUROPE: CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            140

TABLE 163            EUROPE: CATHODE MATERIALS MARKET, BY COUNTRY, 2021–2024 (KILOTON)              140

TABLE 164            EUROPE: CATHODE MATERIALS MARKET, BY COUNTRY, 2025–2030 (KILOTON)              140

TABLE 165            EUROPE: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            140

TABLE 166            EUROPE: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            141

TABLE 167            EUROPE: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (KILOTON)     141

TABLE 168            EUROPE: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (KILOTON)     141

TABLE 169            EUROPE: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            142

TABLE 170            EUROPE: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            142

TABLE 171            EUROPE: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (KILOTON)     142

TABLE 172            EUROPE: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (KILOTON)     143

TABLE 173            EUROPE: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL,

2021–2024 (USD MILLION)            143

TABLE 174            EUROPE: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            143

TABLE 175            EUROPE: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL,

2021–2024 (KILOTON)     144

TABLE 176            EUROPE: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL,

2025–2030 (KILOTON)     144

TABLE 177            EUROPE: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            144

TABLE 178            EUROPE: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            144

TABLE 179            EUROPE: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     145

TABLE 180            EUROPE: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     145

TABLE 181            GERMANY: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            145

TABLE 182            GERMANY: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            146

TABLE 183            GERMANY: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     146

TABLE 184            GERMANY: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     146

TABLE 185            UK: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2021–2024 (USD MILLION)           147

TABLE 186            UK: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2025–2030 (USD MILLION)           147

TABLE 187            UK: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2021–2024 (KILOTON)   147

TABLE 188            UK: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2025–2030 (KILOTON)   147

TABLE 189            FRANCE: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            148

TABLE 190            FRANCE: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            148

TABLE 191            FRANCE: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     148

TABLE 192            FRANCE: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     148

TABLE 193            REST OF EUROPE: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)          149

TABLE 194            REST OF EUROPE: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            149

TABLE 195            REST OF EUROPE: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     149

TABLE 196            REST OF EUROPE: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     149

TABLE 197            REST OF THE WORLD: CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            150

TABLE 198            REST OF THE WORLD: CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            150

TABLE 199            REST OF THE WORLD: CATHODE MATERIALS MARKET, BY COUNTRY,

2021–2024 (KILOTON)     150

TABLE 200            REST OF THE WORLD: CATHODE MATERIALS MARKET, BY COUNTRY,

2025–2030 (KILOTON)     151

TABLE 201            REST OF THE WORLD: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY, 2021–2024 (USD MILLION)                 151

TABLE 202            REST OF THE WORLD: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)                 151

TABLE 203            REST OF THE WORLD: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY, 2021–2024 (KILOTON)                 151

TABLE 204            REST OF THE WORLD: LITHIUM-ION CATHODE MATERIALS MARKET, BY COUNTRY, 2025–2030 (KILOTON)                 152

TABLE 205            REST OF THE WORLD: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY, 2021–2024 (USD MILLION)            152

TABLE 206            REST OF THE WORLD: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            152

TABLE 207            REST OF THE WORLD: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY, 2021–2024 (KILOTON)         152

TABLE 208            REST OF THE WORLD: LEAD DIOXIDE CATHODE MATERIALS MARKET, BY COUNTRY, 2025–2030 (KILOTON)         153

TABLE 209            REST OF THE WORLD: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL, 2021–2024 (USD MILLION)                 153

TABLE 210            REST OF THE WORLD: LITHIUM-ION CATHODE MATERIALS MARKET, B MATERIAL, 2025–2030 (USD MILLION)                 153

TABLE 211            REST OF THE WORLD: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL, 2021–2024 (KILOTON)                 154

TABLE 212            REST OF THE WORLD: LITHIUM-ION CATHODE MATERIALS MARKET, BY MATERIAL, 2025–2030 (KILOTON)                 154

TABLE 213            REST OF THE WORLD: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            154

TABLE 214            REST OF THE WORLD: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            155

TABLE 215            REST OF THE WORLD: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     155

TABLE 216            REST OF THE WORLD: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     155

TABLE 217            BRAZIL: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            156

TABLE 218            BRAZIL: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            156

TABLE 219            BRAZIL: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2021–2024 (KILOTON)   156

TABLE 220            BRAZIL: CATHODE MATERIALS MARKET, BY BATTERY TYPE, 2025–2030 (KILOTON)   156

TABLE 221            OTHER COUNTRIES: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            157

TABLE 222            OTHER COUNTRIES: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (USD MILLION)            157

TABLE 223            OTHER COUNTRIES: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2021–2024 (KILOTON)     157

TABLE 224            OTHER COUNTRIES: CATHODE MATERIALS MARKET, BY BATTERY TYPE,

2025–2030 (KILOTON)     157

TABLE 225            CATHODE MATERIALS MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2020–2025          158

TABLE 226            CATHODE MATERIALS MARKET: DEGREE OF COMPETITION, 2024       161

TABLE 227            CATHODE MATERIALS MARKET: REGION FOOTPRINT       167

TABLE 228            CATHODE MATERIALS MARKET: MATERIAL FOOTPRINT       168

TABLE 229            CATHODE MATERIALS MARKET: BATTERY TYPE FOOTPRINT            169

TABLE 230            CATHODE MATERIALS MARKET: END-USE FOOTPRINT       170

TABLE 231            CATHODE MATERIALS MARKET: DETAILED LIST OF KEY STARTUPS/SMES   172

TABLE 232            CATHODE MATERIALS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          173

TABLE 233            CATHODE MATERIALS MARKET: DEALS, JANUARY 2021–SEPTEMBER 2025                175

TABLE 234            CATHODE MATERIALS MARKET: EXPANSIONS, JANUARY 2021–SEPTEMBER 2025                177

TABLE 235            HUNAN YUNENG NEW ENERGY BATTERY MATERIALS CO., LTD.:

COMPANY OVERVIEW   178

TABLE 236            HUNAN YUNENG NEW ENERGY BATTERY MATERIALS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED             179

TABLE 237            HUNAN YUNENG NEW ENERGY BATTERY MATERIALS CO., LTD.: DEALS    179

TABLE 238            XTC NEW ENERGY MATERIALS (XIAMEN) CO., LTD.: COMPANY OVERVIEW       181

TABLE 239            XTC NEW ENERGY MATERIALS (XIAMEN) CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED        182

TABLE 240            XTC NEW ENERGY MATERIALS (XIAMEN) CO., LTD.:     182

TABLE 241            SHENZHEN DYNANONIC CO., LTD.: COMPANY OVERVIEW          184

TABLE 242            SHENZHEN DYNANONIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    184

TABLE 243            SHENZHEN DYNANONIC CO., LTD.: DEALS                 185

TABLE 244            LANDF CORP.: COMPANY OVERVIEW     186

TABLE 245            LANDF CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    187

TABLE 246            LANDF CORP.: EXPANSIONS       187

TABLE 247            POSCO FUTURE M: COMPANY OVERVIEW                 189

TABLE 248            POSCO FUTURE M: PRODUCTS/SOLUTIONS/SERVICES OFFERED    190

TABLE 249            POSCO FUTURE M: DEALS           190

TABLE 250            UMICORE: COMPANY OVERVIEW             192

TABLE 251            UMICORE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             193

TABLE 252            UMICORE: DEALS             194

TABLE 253            UMICORE: EXPANSIONS                194

TABLE 254            EV METALS GROUP: COMPANY OVERVIEW                 196

TABLE 255            EV METALS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    196

TABLE 256            EV METALS GROUP: DEALS         196

TABLE 257            SUMITOMO METAL MINING CO., LTD.: COMPANY OVERVIEW   197

TABLE 258            SUMITOMO METAL MINING CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    198

TABLE 259            SUMITOMO METAL MINING CO., LTD.: DEALS                 198

TABLE 260            SUMITOMO METAL MINING CO., LTD.: EXPANSIONS     198

TABLE 261            MITSUI MINING & SMELTING CO., LTD.: COMPANY OVERVIEW   199

TABLE 262            MITSUI MINING & SMELTING CO., LTD.:

PRODUCTS/SOLUTIONS/SERVICES OFFERED    200

TABLE 263            BASF: COMPANY OVERVIEW       202

TABLE 264            BASF: PRODUCTS/SOLUTIONS/SERVICES OFFERED             203

TABLE 265            BASF: DEALS      204

TABLE 266            TODA KOGYO CORP.: COMPANY OVERVIEW                 205

TABLE 267            TODA KOGYO CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    206

TABLE 268            TODA KOGYO CORP.: EXPANSIONS        206

TABLE 269            NEI CORPORATION: COMPANY OVERVIEW                 207

TABLE 270            NEI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    207

TABLE 271            NEI CORPORATION: EXPANSIONS            209

TABLE 272            SHANSHAN CO.: COMPANY OVERVIEW 210

TABLE 273            SHANSHAN CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    211

TABLE 274            SHANSHAN CO.: DEALS 211

TABLE 275            GRAVITA INDIA LTD.: COMPANY OVERVIEW                 212

TABLE 276            GRAVITA INDIA LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    213

TABLE 277            LG CHEM: COMPANY OVERVIEW              214

TABLE 278            LG CHEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             215

TABLE 279            LG CHEM: DEALS             216

TABLE 280            LG CHEM: EXPANSIONS                217

TABLE 281            NINGBO RONGBAI NEW ENERGY TECHNOLOGY CO., LTD.: COMPANY OVERVIEW              218

TABLE 282            NINGBO RONGBAI NEW ENERGY TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 219

TABLE 283            BEIJING DANGSHENG MATERIALS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW               220

TABLE 284            BEIJING DANGSHENG MATERIALS TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED             221

TABLE 285            HUBEI WANRUN NEW ENERGY TECHNOLOGY CO., LTD.: COMPANY OVERVIEW              222

TABLE 286            HUBEI WANRUN NEW ENERGY TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 223

TABLE 287            HUAYOU COBALT CO., LTD.: COMPANY OVERVIEW          224

TABLE 288            HUAYOU COBALT CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    225

TABLE 289            HUAYOU COBALT CO., LTD.: DEALS       226

TABLE 290            AMERICAN ELEMENTS: COMPANY OVERVIEW                 228

TABLE 291            AMERICAN ELEMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    228

TABLE 292            PROTERIAL, LTD.: COMPANY OVERVIEW                 233

TABLE 293            PROTERIAL, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    234

TABLE 294            PROTERIAL, LTD.: DEALS             234

TABLE 295            NICHIA CORPORATION: COMPANY OVERVIEW                 235

TABLE 296            PEKING UNIVERSITY PIONEER TECHNOLOGY INDUSTRY CO., LTD.:

COMPANY OVERVIEW   236

TABLE 297            ASCEND ELEMENTS, INC.: COMPANY OVERVIEW          236

TABLE 298            ASCEND ELEMENTS, INC.: DEALS             237

TABLE 299            ASCEND ELEMENTS, INC.: EXPANSIONS                 237

TABLE 300            TOPSOE: COMPANY OVERVIEW                238

TABLE 301            INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)                240

TABLE 302            INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2023–2029 (USD MILLION)                240

TABLE 303            LEAD-ACID BATTERY MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)    241

TABLE 304            LEAD-ACID BATTERY MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)    241

TABLE 305            LEAD-ACID BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)            241

TABLE 306            LEAD-ACID BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)            241

TABLE 307            LEAD-ACID BATTERY MARKET FOR STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)            242

TABLE 308            LEAD-ACID BATTERY MARKET FOR STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)            242

TABLE 309            STATIONARY LEAD-ACID BATTERY MARKET, BY REGION,

2019–2022 (USD MILLION)            242

TABLE 310            STATIONARY LEAD-ACID BATTERY MARKET, BY REGION,

2023–2029 (USD MILLION)            242

TABLE 311            MOTIVE LEAD-ACID BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)          243

TABLE 312            MOTIVE LEAD-ACID BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)          243

TABLE 313            LITHIUM-ION BATTERY MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)            244

TABLE 314            LITHIUM-ION BATTERY MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)            244

TABLE 315            LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)            244

TABLE 316            LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)            244

TABLE 317            LITHIUM-ION BATTERY MARKET FOR STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)            245

TABLE 318            LITHIUM-ION BATTERY MARKET FOR STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)            245

TABLE 319            STATIONARY LITHIUM-ION BATTERY MARKET, BY REGION,

2019–2022 (USD MILLION)            245

TABLE 320            STATIONARY LITHIUM-ION BATTERY MARKET, BY REGION,

2023–2029 (USD MILLION)            245

TABLE 321            MOTIVE LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)          246

TABLE 322            MOTIVE LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)          246

TABLE 323            OTHER INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)            246

TABLE 324            OTHER INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)            247

TABLE 325            OTHER INDUSTRIAL BATTERIES MARKET, BY REGION, 2019–2022 (USD MILLION)          247

TABLE 326            OTHER INDUSTRIAL BATTERIES MARKET, BY REGION, 2023–2029 (USD MILLION)          247

TABLE 327            OTHER INDUSTRIAL BATTERIES MARKET FOR STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)            247

TABLE 328            OTHER INDUSTRIAL BATTERIES MARKET FOR STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)            248

TABLE 329            OTHER STATIONARY INDUSTRIAL BATTERIES MARKET, BY REGION,

2019–2022 (USD MILLION)            248

TABLE 330            OTHER STATIONARY INDUSTRIAL BATTERIES MARKET, BY REGION,

2023–2029 (USD MILLION)            248

TABLE 331            OTHER MOTIVE INDUSTRIAL BATTERIES MARKET, BY REGION,

2019–2022 (USD MILLION)            249

TABLE 332            OTHER MOTIVE INDUSTRIAL BATTERIES MARKET, BY REGION,

2023–2029 (USD MILLION)            249

LIST OF FIGURES

FIGURE 1              CATHODE MATERIALS MARKET SEGMENTATION AND REGIONAL SCOPE              29

FIGURE 2              RESEARCH DESIGN         32

FIGURE 3              BOTTOM-UP APPROACH              37

FIGURE 4              TOP-DOWN APPROACH                37

FIGURE 5              METHODOLOGY FOR SUPPLY-SIDE SIZING OF CATHODE MATERIALS MARKET (1/2)     38

FIGURE 6              METHODOLOGY FOR SUPPLY-SIDE SIZING OF CATHODE MATERIALS MARKET (2/2)     38

FIGURE 7              DATA TRIANGULATION                40

FIGURE 8              AUTOMOTIVE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       43

FIGURE 9              LITHIUM-ION SEGMENT TO REGISTER HIGHEST GROWTH

DURING FORECAST PERIOD       44

FIGURE 10            LFP SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD  44

FIGURE 11            ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 45

FIGURE 12            BREAKTHROUGHS IN SOLID-STATE BATTERIES AND NOVEL CHEMISTRIES TO OFFER LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS              46

FIGURE 13            ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD         46

FIGURE 14            LFP SEGMENT TO WITNESS HIGHEST GROWTH FROM 2025 TO 2030          47

FIGURE 15            LITHIUM-ION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD      47

FIGURE 16            CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD         48

FIGURE 17            CATHODE MATERIALS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES         50

FIGURE 18            GLOBAL COMBINED SALES OF BATTERY ELECTRIC VEHICLES

AND PLUG-IN HYBRIDS 51

FIGURE 19            CATHODE MATERIALS MARKET: SUPPLY CHAIN ANALYSIS            57

FIGURE 20            CATHODE MATERIALS MARKET: ECOSYSTEM                 59

FIGURE 21            CATHODE MATERIALS MARKET: PORTER’S FIVE FORCES ANALYSIS           60

FIGURE 22            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY            63

FIGURE 23            KEY BUYING CRITERIA, BY END-USE INDUSTRY                 64

FIGURE 24            AVERAGE SELLING PRICE TREND OF LITHIUM-ION CATHODE MATERIALS,

BY REGION, 2022–2024 (USD/TON)           65

FIGURE 25            AVERAGE SELLING PRICE TREND OF LEAD, BY REGION, 2022–2024 (USD/TON) 66

FIGURE 26            AVERAGE SELLING PRICE OF LITHIUM-ION CATHODE MATERIALS, BY KEY PLAYER, 2024 (USD/TON)                 67

FIGURE 27            LIST OF MAJOR PATENTS RELATED TO CATHODE MATERIALS, 2014–2024             71

FIGURE 28            IMPORT DATA RELATED TO HS CODE 850650, BY KEY COUNTRY,

2021–2024 (USD THOUSAND)      76

FIGURE 29            EXPORT DATA RELATED TO HS CODE 850650, BY KEY COUNTRY,

2021–2024 (USD THOUSAND)      77

FIGURE 30            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   78

FIGURE 31            CATHODE MATERIALS MARKET: INVESTMENT AND FUNDING SCENARIO,

2020–2024              79

FIGURE 32            NMC SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       84

FIGURE 33            LITHIUM-ION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD    100

FIGURE 34            AUTOMOTIVE SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD              108

FIGURE 35            ASIA PACIFIC TO LEAD CATHODE MATERIALS MARKET DURING FORECAST PERIOD    112

FIGURE 36            ASIA PACIFIC: CATHODE MATERIALS MARKET SNAPSHOT          114

FIGURE 37            NORTH AMERICA: CATHODE MATERIALS MARKET SNAPSHOT       129

FIGURE 38            EUROPE: CATHODE MATERIALS MARKET SNAPSHOT          139

FIGURE 39            CATHODE MATERIALS MARKET: REVENUE ANALYSIS OF KEY PLAYERS,

2020–2024 (USD BILLION)             160

FIGURE 40            CATHODE MATERIALS MARKET SHARE ANALYSIS, 2024  161

FIGURE 41            BRAND/PRODUCT COMPARISON             163

FIGURE 42            CATHODE MATERIALS MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       165

FIGURE 43            CATHODE MATERIALS MARKET: COMPANY FOOTPRINT       166

FIGURE 44            CATHODE MATERIALS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 172

FIGURE 45            EV/EBITDA OF KEY PLAYERS IN CATHODE MATERIALS MARKET      174

FIGURE 46            ENTERPRISE VALUE OF KEY PLAYERS IN CATHODE MATERIALS MARKET                174

FIGURE 47            YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK

BETA OF KEY MANUFACTURERS               175

FIGURE 48            HUNAN YUNENG NEW ENERGY BATTERY MATERIALS CO., LTD.:

COMPANY SNAPSHOT   178

FIGURE 49            XTC NEW ENERGY MATERIALS (XIAMEN) CO., LTD.: COMPANY SNAPSHOT       181

FIGURE 50            SHENZHEN DYNANONIC CO., LTD.: COMPANY SNAPSHOT          184

FIGURE 51            LANDF CORP.: COMPANY SNAPSHOT    186

FIGURE 52            POSCO FUTURE M: COMPANY SNAPSHOT                 189

FIGURE 53            UMICORE: COMPANY SNAPSHOT             193

FIGURE 54            SUMITOMO METAL MINING CO., LTD.: COMPANY SNAPSHOT   197

FIGURE 55            MITSUI MINING & SMELTING CO., LTD.: COMPANY SNAPSHOT   200

FIGURE 56            BASF: COMPANY SNAPSHOT      203

FIGURE 57            TODA KOGYO CORP.: COMPANY SNAPSHOT                 205

FIGURE 58            SHANSHAN CO.: COMPANY SNAPSHOT 210

FIGURE 59            GRAVITA INDIA LTD.: COMPANY SNAPSHOT                 213

FIGURE 60            LG CHEM: COMPANY SNAPSHOT              215

FIGURE 61            NINGBO RONGBAI NEW ENERGY TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT              218

FIGURE 62            BEIJING DANGSHENG MATERIALS TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT               220

FIGURE 63            HUBEI WANRUN NEW ENERGY TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT              222

FIGURE 64            HUAYOU COBALT CO., LTD.: COMPANY SNAPSHOT          225

FIGURE 65            PROTERIAL, LTD.: COMPANY SNAPSHOT                 233