Cathode Materials Market Research Report – Forecast to 2030

Cathode Materials Market: Information by Materials (Lithium Nickel Manganese Cobalt, Lithium Nickel Cobalt Aluminum, Lithium Cobalt Oxide), End User (Power Tools, Energy Storage System, Consumer Electronics Products), Region - Forecast till 2030

ID: MRFR/CnM/5066-HCR | August 2022 | Region: Global | 140 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End User

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Intensity of Competitive Rivalry

5 Market Dynamics of Global Cathode Materials Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends/Technology

6. Global Cathode Materials Market, by Materials

6.1 Introduction

6.2 Lithium Nickel Manganese Cobalt

6.2.1 Market Estimates & Forecast, 2020βˆ’2027

6.2.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

6.3 Lithium Nickel Cobalt Aluminum

6.3.1 Market Estimates & Forecast, 2020βˆ’2027

6.3.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

6.4 Lithium Cobalt Oxide

6.4.1 Market Estimates & Forecast, 2020βˆ’2027

6.4.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

6.5 Lithium Manganese Oxide

6.5.1 Market Estimates & Forecast, 2020βˆ’2027

6.5.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

6.6 Lithium Iron Phosphate

6.6.1 Market Estimates & Forecast, 2020βˆ’2027

6.6.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

7. Global Cathode Materials Market, by End User

7.1 Introduction

7.2 Power Tools

7.2.1 Market Estimates & Forecast, 2020βˆ’2027

7.2.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

7.3 Automotive

7.3.1 Market Estimates & Forecast, 2020βˆ’2027

7.3.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

7.4 Energy Storage System

7.4.1 Market Estimates & Forecast, 2020βˆ’2027

7.4.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

7.5 Consumer Electronics Products

7.5.1 Market Estimates & Forecast, 2020βˆ’2027

7.5.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

8. Global Cathode Materials Market, by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020βˆ’2027

8.2.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.2.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.2.4 US

8.2.4.1 Market Estimates & Forecast, 2020βˆ’2027

8.2.4.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.2.4.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.2.5 Canada

8.2.5.1 Market Estimates & Forecast, 2020βˆ’2027

8.2.5.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.2.5.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020βˆ’2027

8.3.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.3.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.3.4 Germany

8.3.4.1 Market Estimates & Forecast, 2020βˆ’2027

8.3.4.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.3.4.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.3.5 France

8.3.5.1 Market Estimates & Forecast, 2020βˆ’2027

8.3.5.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.3.5.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.3.6 Italy

8.3.6.1 Market Estimates & Forecast, 2020βˆ’2027

8.3.6.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.3.6.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.3.7 Spain

8.3.7.1 Market Estimates & Forecast, 2020βˆ’2027

8.3.7.2 Market Estimates & Forecast, by Materials,2020βˆ’2027

8.3.7.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.3.8 UK

8.3.8.1 Market Estimates & Forecast, 2020βˆ’2027

8.3.8.2 Market Estimates & Forecast, by Materials,2020βˆ’2027

8.3.8.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.3.9 Russia

8.3.9.1 Market Estimates & Forecast, 2020βˆ’2027

8.3.9.2 Market Estimates & Forecast, by Materials,2020βˆ’2027

8.3.9.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.3.10 Poland

8.3.10.1 Market Estimates & Forecast, 2020βˆ’2027

8.3.10.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.3.10.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.3.11 Rest of Europe

8.3.11.1 Market Estimates & Forecast, 2020βˆ’2027

8.3.11.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.3.11.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.4 Asia-Pacific

8.4.1 Market Estimates & Forecast, 2020βˆ’2027

8.4.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.4.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.4.4 China

8.4.4.1 Market Estimates & Forecast, 2020βˆ’2027

8.4.4.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.4.4.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.4.5 India

8.4.5.1 Market Estimates & Forecast, 2020βˆ’2027

8.4.5.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.4.5.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020βˆ’2027

8.4.6.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.4.6.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.4.7 Australia & New Zealand

8.4.7.1 Market Estimates & Forecast, 2020βˆ’2027

8.4.7.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.4.7.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.4.8 Rest of Asia-Pacific

8.4.8.1 Market Estimates & Forecast, 2020βˆ’2027

8.4.8.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.4.8.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2020βˆ’2027

8.5.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.5.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.5.4 GCC

8.5.4.1 Market Estimates & Forecast, 2020βˆ’2027

8.5.4.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.5.4.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.5.5 Israel

8.5.5.1 Market Estimates & Forecast, 2020βˆ’2027

8.5.5.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.5.5.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.5.6 North Africa

8.5.6.1 Market Estimates & Forecast, 2020βˆ’2027

8.5.6.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.5.6.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.5.7 Turkey

8.5.7.1 Market Estimates & Forecast, 2020βˆ’2027

8.5.7.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.5.7.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.5.8 Rest of Middle East & Africa

8.5.8.1 Market Estimates & Forecast, 2020βˆ’2027

8.5.8.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.5.8.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2020βˆ’2027

8.6.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.6.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.6.4 Brazil

8.6.4.1 Market Estimates & Forecast, 2020βˆ’2027

8.6.4.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.6.4.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.6.5 Argentina

8.6.5.1 Market Estimates & Forecast, 2020βˆ’2027

8.6.5.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.6.5.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.6.6 Mexico

8.6.6.1 Market Estimates & Forecast, 2020βˆ’2027

8.6.6.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.6.6.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

8.6.7 Rest of Latin America

8.6.7.1 Market Estimates & Forecast, 2020βˆ’2027

8.6.7.2 Market Estimates & Forecast, by Materials, 2020βˆ’2027

8.6.7.3 Market Estimates & Forecast, by End User, 2020βˆ’2027

9. Company Landscape

9.1 Introduction

9.2 Market Strategy

9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

10. Company Profiles

10.1 Umicore

10.1.1 Company Overview

10.1.2 Financial Updates

10.1.3 Product/Business Segment Overview

10.1.4 Strategy

10.1.5 Key Developments

10.1.6 SWOT Analysis

10.2 3M

10.2.1 Company Overview

10.2.2 Financial Updates

10.2.3 Product/Business Segment Overview

10.2.4 Strategy

10.2.5 Key Developments

10.2.6 SWOT Analysis

10.3 Mitsubishi Chemical Holdings

10.3.1 Company Overview

10.3.2 Financial Updates

10.3.3 Product/Business Segment Overview

10.3.4 Strategy

10.3.5 Key Developments

10.3.6 SWOT Analysis

10.4 POSCO

10.4.1 Company Overview

10.4.2 Financial Updates

10.4.3 Product/Business Segment Overview

10.4.4 Strategy

10.4.5 Key Developments

10.4.6 SWOT Analysis

10.5 Johnson Matthey

10.5.1 Company Overview

10.5.2 Financial Updates

10.5.3 Product/Business Segment Overview

10.5.4 Strategy

10.5.5 Key Developments

10.5.6 SWOT Analysis

10.6 Hitachi Chemical Co., Ltd.

10.6.1 Company Overview

10.6.2 Financial Updates

10.6.3 Product/Business Segment Overview

10.6.4 Strategy

10.6.5 Key Developments

10.6.6 SWOT Analysis

10.7 Kureha Corporation

10.7.1 Company Overview

10.7.2 Financial Updates

10.7.3 Product/Business Segment Overview

10.7.4 Strategy

10.7.5 Key Developments

10.7.6 SWOT Analysis

10.8 Sumitomo Corporation

10.8.1 Company Overview

10.8.2 Financial Updates

10.8.3 Product/Business Segment Overview

10.8.4 Strategy

10.8.5 Key Developments

10.8.6 SWOT Analysis

10.9 Todakogyo Corp

10.9.1 Company Overview

10.9.2 Financial Updates

10.9.3 Product/Business Segment Overview

10.9.4 Strategy

10.9.5 Key Developments

10.9.6 SWOT Analysis

10.10 Mitsui Mining & Smelting

10.10.1 Company Overview

10.10.2 Financial Updates

10.10.3 Product/Business Segment Overview

10.10.4 Strategy

10.10.5 Key Developments

10.10.6 SWOT Analysis

10.11 NEI Corporation

10.11.1 Company Overview

10.11.2 Financial Updates

10.11.3 Product/Business Segment Overview

10.11.4 Strategy

10.11.5 Key Developments

10.11.6 SWOT Analysis

10.12 Targray Technology International Inc.

10.12.1 Company Overview

10.12.2 Financial Updates

10.12.3 Product/Business Segment Overview

10.12.4 Strategy

10.12.5 Key Developments

10.12.6 SWOT Analysis

11. Conclusion

LIST OF TABLES

Table 1 Global Cathode Materials Market: by Region, 2020βˆ’2027

Table 2 North America: Cathode Materials Market, by Country, 2020βˆ’2027

Table 3 Europe: Cathode Materials Market, by Country, 2020βˆ’2027

Table 4 Asia-Pacific: Cathode Materials Market. by Country, 2020βˆ’2027

Table 5 Middle East & Africa: Cathode Materials Market, by Country, 2020βˆ’2027

Table 6 Latin America: Cathode Materials Market, by Country, 2020βˆ’2027

Table 7 Global Cathode Materials Materials Market, by Regions, 2020βˆ’2027

Table 8 North America: Cathode Materials Materials Market, by Country, 2020βˆ’2027

Table 9 Europe: Cathode Materials Materials Market, by Country, 2020βˆ’2027

Table10 Asia-Pacific: Cathode Materials Materials Market, by Country, 2020βˆ’2027

Table11 Middle East & Africa: Cathode Materials Materials Market, by Country, 2020βˆ’2027

Table12 Latin America: Cathode Materials Materials Market, by Country, 2020βˆ’2027

Table 13 Global Cathode Materials End User Market, by Regions, 2020βˆ’2027

Table14 North America: Cathode Materials End User Market, by Country, 2020βˆ’2027

Table15 Europe: Cathode Materials End User Market, by Country, 2020βˆ’2027

Table16 Asia-Pacific: Cathode Materials End User Market, by Country, 2020βˆ’2027

Table17 Middle East & Africa: Cathode Materials End User Market, by Country, 2020βˆ’2027

Table18 Latin America: Cathode Materials by End User Market, by Country, 2020-2027

Table19 Global Materials Market, by Region, 2020βˆ’2027

Table20 Global End User Market, by Region, 2020βˆ’2027

Table21 North America: Cathode Materials Market, by Country, 2020βˆ’2027

Table22 North America: Cathode Materials Market, by Materials, 2020βˆ’2027

Table23 North America: Cathode Materials Market, by End User, 2020βˆ’2027

Table24 Europe: Cathode Materials Market, by Country, 2020βˆ’2027

Table25 Europe: Cathode Materials Market, by Materials, 2020βˆ’2027

Table26 Europe: Cathode Materials Market, by End User, 2020βˆ’2027

Table27 Asia-Pacific: Cathode Materials Market, by Country, 2020βˆ’2027

Table28 Asia-Pacific: Cathode Materials Market, by Materials, 2020βˆ’2027

Table29 Asia-Pacific: Cathode Materials Market, by End User, 2020βˆ’2027

Table30 Middle East & Africa: Cathode Materials Market, by Country, 2020βˆ’2027

Table31 Middle East & Africa: Cathode Materials Market, by Materials, 2020βˆ’2027

Table32 Middle East & Africa: Cathode Materials Market, by End User, 2020βˆ’2027

Table33 Latin America: Cathode Materials Market, by Country, 2020βˆ’2027

Table34 Latin America: Cathode Materials Market, by Materials, 2020βˆ’2027

Table35 Latin America: Cathode Materials Market, by End User, 2020βˆ’2027

LIST OF FIGURES

FIGURE 1 Global Cathode Materials Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Cathode Materials Market

FIGURE 4 Value Chain of Global Cathode Materials Market

FIGURE 5 Share of Global Cathode Materials Market in 2020, by Country

FIGURE 6 Global Cathode Materials Market, 2020βˆ’2027,

FIGURE 7 Global Cathode Materials Market Size, by Materials, 2020

FIGURE 8 Share of Global Cathode Materials Market, by Materials, 2020βˆ’2027

FIGURE 9 Global Cathode Materials Market Size, by End User, 2020

FIGURE10 Share of Global Cathode Materials Market, by End User, 2020βˆ’2027

Cathode Materials Market

The cathode materials market is estimated to be USD 16.46 Billion in 2021 and is projected to reach USD 22.19 Billion by 2030, at a CAGR of 6.5% between 2021 and 2030.

Segmentation

By Materials Lithium Nickel Manganese Cobalt Lithium Nickel Cobalt Aluminum Lithium Cobalt Oxide
By End User Power Tools Energy Storage System Consumer Electronics Products

Key Players

  • Umicore (Belgium)
  • 3M (US)
  • Mitsubishi Chemical Holdings (Japan)
  • POSCO (South Korea)
  • Johnson Matthey (UK)
  • Hitachi Chemical Co. Ltd. (Japan)
  • Kureha Corporation (Japan)
  • Sumitomo Corporation (Japan)
  • Todakogyo Corp (Japan)
  • Mitsui Mining & Smelting (Japan)
  • NEI Corporation (US)
  • Targray Technology International Inc. (Canada)

Drivers

  • The growing use of electric vehicles
  • Portable electronic devices is likely to drive the cathode materials market
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Cathode Materials Market Overview


The cathode materials market is estimated to be USD 16.46 Billion in 2021 and is projected to reach USD 22.19 Billion by 2030, at a CAGR of 6.5% between 2021 and 2030. Cathodes are battery components that store electrons during discharge. They are also referred to as negative electrodes. These batteries are intended for users who require a high power density or load capacity. The wide range of applications for these materials, such as energy storage devices, fuel cells, sensors, etc., has increased demand for them, owing to the shift in the automotive industry toward clean and sustainable fuel.


Cathode materials are the most important component of a lithium-ion battery that is widely used in portable electronic devices including cell phones, laptops, tablets, cameras, and others. This type of battery is also used in electric vehicles. The increased demand for electric vehicles and portable electronic devices has resulted in growth in the global cathode materials market. Furthermore, as lithium technology advances, like gold nanowire batteries that can withstand long-term recharging, the use of cathode materials in various applications is increasing.


Global Cathode materials Market Share, by Materials, 2017 (%)


Cathode materials Market Share


Source: MRFR Analysis


Regional Analysis


Asia-Pacific accounted for the largest market share for global cathode materials in 2017, because of rising industrialization in emerging economies, such as India, China, and Thailand. China is expected to fuel the demand for cathode materials owing to the government support, strong manufacturing base, and growing investment by automotive giants on electric vehicle production. These factors have made the country one of the leading cathode material consumers.


North America is another prominent region for cathode materials owing to the technological advances in aerospace, automotive, and electronics industries for more compatible devices, such as UAVs, and electric-powered aircraft. Additionally, the increasing production of lightweight, electric, and hybrid vehicles in the automotive industry is likely to drive the market growth during the review period.


The European cathode materials market is expected to grow on account of owing to demand from automotive industry for highly energy-efficient and lightweight vehicles. The growing awareness about emission-free automobiles, which is expected to be key driver for the market growth in the region .  


The Latin American cathode materials market is expected to grow at a significant rate during the review period due to expanding automotive industry, in Brazil and Mexico, NAFTA between US- Mexico is expecetd  to project electric vehicles sales by 2030. The market in the Middle East & Africa is expected to exhibit considerable growth in the coming years with increasing investments on smart, clean, and sustainable development projects.


Segmentation


The global cathode materials market has been segmented by materials, end user, and region.


On the basis of materials, the market has been segmented into lithium nickel manganese cobalt (Li-NMC), lithium nickel cobalt aluminum (Li-NCA), lithium cobalt oxide (LCO), lithium manganese oxide (LMO), and lithium iron phosphate (LFP).


Based on enduser, the market has been divided into power tools, automotive, energy storage system, and consumer electronics products.


By region, the market has been categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.


Key Players


Some of the key players in the global cathode materials are Umicore (Belgium), 3M (US), Mitsubishi Chemical Holdings (Japan), POSCO (South Korea), Johnson Matthey (UK), Hitachi Chemical Co., Ltd. (Japan), Kureha Corporation (Japan), Sumitomo Corporation (Japan), Todakogyo Corp (Japan), Mitsui Mining & Smelting (Japan), NEI Corporation (US), Targray Technology International Inc. (Canada).

Recent Development


SK Battery America (SKBA) has chosen Ascend Elements, a vertically integrated lithium-ion battery recycling company based in Massachusetts, to recycle both cell and module lithium-ion battery manufacturing scrap from the company's Commerce, Ga. manufacturing facility. The scrap will be recycled at Ascend Elements' new 154,000-square-foot battery recycling facility in Covington, Georgia, which can recover 98 percent of battery materials and return critical battery elements to the battery supply chain.


Johnson Matthey, a multinational sustainable technologies company headquartered in London held a groundbreaking event to commemorate the construction at its plant in Gliwice, Poland. Johnson Matthey will be able to provide small batches and spare parts of its important catalyst products, which aid the automotive industry in reducing harmful emissions from all types of vehicles, with this investment. The new line will allow Johnson Matthey's Clean Air global manufacturing footprint to be optimized while creating a cleaner world for future generations.


 Intended Audience



  • Cathode materials manufacturers

  • Traders and distributors of elastomeric foam

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : Significant value
  CAGR   (2022-2030): Substantial CAGR
  Base Year   2021
  Forecast Period   2022Β toΒ 2030
  Historical Data   2019Β &Β 2020
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Material, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Umicore (Belgium), 3M (US), Mitsubishi Chemical Holdings (Japan), POSCO (South Korea), Johnson Matthey (UK), Hitachi Chemical Co., Ltd. (Japan), Kureha Corporation (Japan), Sumitomo Corporation (Japan), Todakogyo Corp (Japan), Mitsui Mining & Smelting (Japan), NEI Corporation (US), Targray Technology International Inc. (Canada).
  Key Market Opportunities   The development of superior lithium-ion batteries with higher capacity and better heat management is expected to provide lucrative opportunities
  Key Market Drivers   The growing use of electric vehicles and portable electronic devices is likely to drive the cathode materials market


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Frequently Asked Questions (FAQ) :

Cathode materials are one of the major components in a battery or energy storage equipment.

Increasing in lithium-ion batteries and energy storage systems

Asia Pacific holds the largest share in the global Cathode materials market followed by North America and Europe, respectively.

Cortec Corporation, Arch Chemicals Inc., Buckman Laboratories International Inc., Anpath Group Incorporated, GE Water and Process Technologies, Ashland Inc., Sigma-Aldrich, Champion Technologies, Lanxess AG, AkzoNobel N.V., BWA Water Additives, 3M (US), Umicore (Belgium), Mitsubishi Chemical Holdings (Japan), Johnson Matthey (UK), POSCO (South Korea), Hitachi Chemical Co., Ltd. (Japan), Sumitomo Corporation (Japan), Kureha Corporation (Japan), Todakogyo Corp (Japan), NEI Corporation (US), Mitsui Mining & Smelting (Japan), and Targray Technology International Inc. (Canada), are some of the major players operating in the global cathode materials market.

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global cathode materials market adopt to gain a larger competitive advantage.