The cathode material in the lithium-ion battery is the major component, which determines the energy density of the cell. This energy density is measured using cell voltage or cell capacity.
Portland, OR -- (SBWIRE) -- 08/28/2017 -- The working mechanism of the lithium-ion battery is based on intercalation and deintercalation compounds, where the lithium ions from the cathode are introduced into the anode during the charging of the battery and extracted during discharge of the battery, with a minimal structural change in the anode. The selection of cathode material depends on various factors such as cell voltage, capacity, energy & power capabilities, cycle life, and operating temperature. Various materials are used in the cathode of a lithium-ion battery such as cobalt, manganese, phosphate, nickel cobalt manganese (NCM OR NMC), lithium iron phosphate (LFP), and others.
Enhanced reliability and compatibility of lithium-ion batteries have led to their increase in demand, which in turn fuels the demand for cathode materials. Furthermore, increase in applications of lithium-ion battery has driven the market growth. However, heating of the lithium-ion battery is a major concern, which restrains the market growth. The development of superior lithium-ion batteries with higher capacity and better heat management is expected to provide lucrative opportunities for the market growth.
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The lithium-ion battery cathode material market is segmented on the basis of type, end user, and geography. By type, the market is categorized into cobalt, manganese, phosphate, nickel cobalt manganese (NCM OR NMC), lithium iron phosphate (LFP), and others. By end user, it is classified into power tools, medical equipment, consumer electronics products, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major player analyzed in this report are NEI Corporation, BASF SE, Long Power Systems (Suzhou) Co., Ltd, Targray Technology International Inc., Mitsubishi Chemical Corporation, Hitachi Chemical Co., Ltd, Nichia Corporation, JFE Chemical Corporation, FUJITSU, and Santoku Corporation.
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Lithium-ion Battery Cathode Material Market Key Segments:
- Nickel Cobalt Manganese (NCM or NMC)
- Lithium Iron Phosphate (LFP)
- Others (Nickel Cobalt Aluminum (NCA), Cobalt-based Lithium-Ion (LCO), Lithium Manganese Nickel Oxide (LMNO), and Lithium Manganese Oxide (LMO))
By End User
- Power Tools
- Medical Equipment
- Consumer Electronics Products
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