The TOP10 LFP material manufactures in China accounts for nearly 85% of the market share, yet it doesn’t stop other enterprises stepping into the market.
Albany, NY -- (SBWIRE) -- 11/01/2017 -- According to the new research report titled, "China LFP Cathode Material Industry PEST Ananlysis and Top 8 local Manufacturers in-depth Survey, 2017 to 2020 Forecast" that tracks the performance of the China LFP cathode material industry for the period of three years, in 2016 the output of cathode material in China reached to around 161.6 kilotons and increased by nearly 43% on Year-on-Year growth basis. The report has been added in the repository of Market Research Hub (MRH). One of the important factors behind this growth is almost 60% increase in the output of power battery market. According to this research report, the growth rate of production value of cathode material in China was much faster than its output, owing to the continuous increase in the prices. This production value was around 20.8 Bn in 2016 which was increased by around 54%.
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With Year-on-Year growth rate of 75%, the output of Lithium Iron Phosphate battery was around 57 kilotons in 2016 and accounted for little more than 35% of overall output of cathode material. Two factors have affected the demand of LFP cathode material positively and that are development of energy storage battery markers and power battery. However, the use of Lithium Iron Phosphate will perhaps witness the transfer to a downturn trend and ceiling during 2018-19 owing to the limitation of original density of energy of LFP. Taiwan and Mainland China and the two areas where global capacity of LFP has been concentrated.
China LFP Cathode Material Industry- Price Trends
According to this research report, it is expected that the cathode material prices will fall in 2020 to RMB 60 to 70 thousand per ton in 2020, with a declining range of around 30-40%. Presently the scenario in China is, the prices of cathode material in the country maintains at RMB which is a China's official currency at 90 to 100 thousand per ton. Nevertheless with increasing production sale and due to over capacity, the price of LFP cathode material will eventually affected.
China LFP Cathode Material Industry- Technical Trends
BYD, Tianjin STL energy and Taiwan Hirose have begun the test on pilot plant. Dow Chemical, Phostech, and Sumitomo Osaka Cement are able to supply the pilot products of LMFP, internationally
Auxiliary materials such as foil and shell of lighting technology, along with the optimized design of cell space that can improve energy density by around 5% during protecting the strength mechanically
The process of lighting pack and expanding the size of batteries can affect the consistency and safety of batteries, even with the sacrifice of battery performance
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China LFP Cathode Material Industry- Key Players
This report consists of various key players functioning in the China LFP cathode material industry. The analysts have listed down the companies which are contributed in the development of market and has also explained the companies' present scenario. Some of the key companies that are actively functioning in the market are BTR New Energy Materials Inc, Guizhou Anda Energy Technology Corp., Hunan Shenghua Technology Co., Ltd, Pulead Technology Industry Co., Ltd., Tianjin STL Energy Technology Co., Ltd., Shenzhen Dynanonic Co., Ltd., Yantai Zhuoneng Battery Materials Co., Ltd., and Chongqing Terui Battery Materials Co., Ltd.
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