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Cathode Materials: Worldwide Market Analyses & Forecasts (2018-2023) by Battery Type, Material and Region - ResearchAndMarkets.com

October 3, 2018
The “Cathode Materials Market by Battery Type (Lead-Acid, Lithium-ion), Material (Lithium-Ion (LFP, LCO, NMC, NCA, LMO), Lead-Acid (Lead Dioxide)), and Region (Asia Pacific, North America, Europe, and Row) - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.The cathode materials market is estimated to be USD 16.43 Billion in 2018 and is projected to reach USD 22.17 Billion by 2023, at a CAGR of 6.2% between 2018 and 2023.Globally, the market is driven by the growth in demand for EVs and various consumer electronics. There is an active shift observed in the automotive industry toward the use of clean and sustainable fuel.The global demand for electrified vehicles (EVs), including battery electric vehicles (BEVs), plug-in hybrid vehicles (PHEVs), and hybrid electric vehicles (HEVs) has been on the rise over the past few years due to stringent regulations on CO2 emissions as well as government support through policy changes and subsidies. In Europe, North America, and some Asian countries, the governments have started offering subsidies related to electric vehicle manufacturing. This will increase the demand for cathode materials in EV batteries.However, stringent safety regulations for batteries during storage and transportation are expected to restrain the growth of the cathode materials market during the forecast period.The adoption of renewable energy-based battery storage systems by various countries to overcome cost and carbon emission issues from fuel energy will drive the overall cathode materials market.

Based on material, the lead dioxide segment is estimated to account for the largest share of the cathode materials market in 2018. Increasing production of passenger cars, commercial vehicles, and two-wheelers, along with growing demand for industrial energy storage systems, is expected to drive the lead dioxide cathode materials market during the forecast period.

Based on battery type, the lead-acid segment is estimated to account for the largest share of the cathode materials market in 2018. Increasing investments by governments in the automotive industry will drive the growth of the lead-acid cathode materials market during the forecast period.

Companies Profiled

Umicore3MMitsubishi Chemical HoldingsPoscoJohnson MattheyBASFHitachi ChemicalKureha CorporationSumitomo CorporationMitsui Mining & Smelting CompanyShowa DenkoDOW ChemicalNichia CorporationL&FPulead Technology IndustryToda Kogyo Corp.Nei CorporationGravita India

For more information about this report visit https://www.researchandmarkets.com/research/l5kfpk/cathode?w=4

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Related Topics:Battery Technology

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SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/03/2018 07:07 AM/DISC: 10/03/2018 07:07 AM

http://www.businesswire.com/news/home/20181003005417/en

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