Cathode Materials - Global Strategic Business Report

The global market for Cathode Materials was estimated at US$23.4 Billion in 2024 and is projected to reach US$35.1 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Cathode Materials market.

Global Cathode Materials Market - Key Trends & Drivers Summarized

Cathode materials are a critical component in the production of batteries, playing a pivotal role in determining the performance, capacity, and lifespan of the battery. These materials are used in various types of batteries, including lithium-ion, nickel-cadmium, and lead-acid batteries, each requiring specific cathode compositions to optimize their functions. The choice of cathode material impacts the energy density, voltage, and overall efficiency of the battery. Commonly used cathode materials include lithium cobalt oxide (LCO), lithium iron phosphate (LFP), and nickel manganese cobalt (NMC) oxides. The ongoing research and development in this field aim to enhance the properties of these materials, making batteries more powerful, safer, and longer-lasting.

Recent advancements in cathode materials have focused on improving their energy density and stability. Innovations such as high-nickel NMC and solid-state cathodes are leading the way in next-generation battery technologies. High-nickel cathodes offer higher energy densities, which are essential for applications like electric vehicles (EVs) and portable electronics, where extended battery life and higher power output are crucial. Solid-state cathodes, on the other hand, provide improved safety and stability, reducing the risk of thermal runaway and enhancing the overall lifespan of the battery. These advancements are not only improving battery performance but also addressing critical issues related to safety and environmental sustainability.

The growth in the cathode materials market is driven by several factors. The rapid expansion of the electric vehicle market is a significant driver, as EVs require high-performance batteries with superior energy densities. The increasing demand for portable electronic devices, such as smartphones and laptops, also fuels the need for advanced cathode materials. Additionally, the push towards renewable energy storage solutions has created a growing market for efficient and durable batteries. Technological advancements in material science and the continuous development of new cathode chemistries are further propelling the market. The rising focus on sustainability and the need to reduce the environmental impact of batteries have led to increased investment in research and development, ensuring a robust growth trajectory for the cathode materials market.

SCOPE OF STUDY:

The report analyzes the Cathode Materials market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Battery Type (Lead-Acid, Lithium-Ion, Other Battery Types); End-Use (Automotive, Consumer Electronics, Energy Storage, Power Tools, Other End-Uses)
• Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Lead-acid segment, which is expected to reach US$16.3 Billion by 2030 with a CAGR of a 6.2%. The LIthium-ion segment is also set to grow at 7.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $3.2 Billion in 2024, and China, forecasted to grow at an impressive 7.8% CAGR to reach $10.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Cathode Materials Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cathode Materials Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Cathode Materials Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as BASF SE, Johnson Matthey plc, Kureha Corporation, LG Chem Ltd., Mitsubishi Chemical Corporation and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 71 companies featured in this Cathode Materials market report include:

• BASF SE
• Johnson Matthey plc
• Kureha Corporation
• LG Chem Ltd.
• Mitsubishi Chemical Corporation
• Mitsui Mining & Smelting Co., Ltd.
• NEI Corporation
• Nichia Corporation
• POSCO
• Sumitomo Metal Mining Co., Ltd.
• Targray Technology International, Inc.
• TODA KOGYO CORP.
• Umicore N.V.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.