According to SPER Market Research, the Cathode Material Market is estimated to reach USD 108.86 billion by 2032 with a CAGR of 15.44%. The Cathode materials market is divided into two sections: battery type and material. The lead dioxide segment is expected to have the largest share of the cathode materials market due to rapid growth in the production of passenger cars, commercial trucks, and multiple, as well as increasing demand for factory power storage systems. Because of increased government investments in the automobile industry, the lead-acid segment is expected to dominate the cathode materials market. The demand for battery-electric vehicles (EVs), including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs), must have increased in recent years as a result of strict Greenhouse gas laws and federal support Policy changes and subsidies have increased demand for cathode materials in the marketplace.
Cathode Material Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 15.44%
- Forecast Market Size (2032): 108.86 billion
Stringent security regulations for batteries during storage and transportation, as well as unfavourable current configuration by the COVID-19 outbreak, are expected to impede the growth of the cathode materials market during the forecast period. Furthermore, as a result of a staff shortage, the increasing health problems in the goods transportation from the manufacturing facility to the software platform worldwide have such a negative impact on its economic expansion.
Impact of COVID-19 on the Cathode Material Market:
During the forecast period, the cathode materials market is expected to be hampered by stringent security regulations for batteries during storage and transportation, as well as unfavorable current configuration caused by the COVID-19 outbreak. Furthermore, the increasing health problems in the goods transportation from the manufacturing facility to the software platform worldwide have such a negative impact on its economic expansion as a result of a staff shortage.
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Cathode Material Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Battery Type:
- Lithium Iron Phosphate
- Lithium Cobalt Oxide
- Lithium-Nickel Manganese Cobalt
- Lithium Manganese Oxide
- Lithium Nickel Cobalt Aluminium Oxide
- Consumer Electronics
- Power Tools
- Energy Storage
- Europe, Middle East
- North America
- Latin America
Cathode Material Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; 3M, BASF SE, Hitachi Chemical Co., Ltd, Johnson Matthey, LG Chem, Mitsubishi Chemical Corporation, Mitsui Mining & Smelting Co., Ltd, POSCO, Sumitomo Metal Mining Co. Ltd, Targray Technology International, TODA KOGYO CORP, Umicore.
Sara Lopes, Business Consultant – U.S.A.
SPER Market Research