Global Cathode Materials Market – Analysis and Forecast to 2024 | Hitachi Chemical

A battery is a product which transforms stored chemical energy directly into electrical energy. The main components of battery are anode, cathode, and electrolyte. In this, cathode is the electrode from which a conventional current leaves a polarized electrical device. It is a negative electrode in an electrolytic cell which attracts the positively charged particles is attracted. The cathode materials market is witnessing a decent growth in the recent years, and anticipated to register the good growth during the forecast years. The growth is majorly driven by the increasing demand of batteries in the electric vehicles and various other consumer electronics.

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Geographic Overview
Asia-Pacific cathode materials market is expected to account for the largest share in the market. The major growth drivers are the increasing demand for battery energy systems and increasing consumers of batteries in automobiles, industrial, and portable devices in the developing Asian countries. Additionally, the shifting preference of the consumers from fuel energy to battery energy to deal with CO2 emission regulations is also driving the market growth in the region.

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Competitive Insight
The competitive landscape for cathode materials market is marked by presence of established large players and small scale players. Some of the key players operating in the global cathode materials industry are Advanced Lithium Electrochemistry Co., Ltd., BASF SE, Targray, NEI Corporation, 3M Company, Mitsubishi Chemical Holdings, Hitachi Chemical, Sumitomo Corporation, Hunan Shanshan New Material Co., Ltd., Hunan Reshine New Material Co Ltd Ltd., Pulead Technology Industry Co., and Umicore.

Geographical Segmentation

Cathode Materials Market by Region

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • U.K.
  • France
  • Russia
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Middle East & Africa (MEA)

  • South Africa
  • Saudi Arabia
  • U.A.E.
  • Rest of MEA

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