Lithium-Ion Battery Cathode Market to Sail to US$ 196.75 Billion by 2034 with a 20.0% CAGR - Says PMR
Lithium-Ion Battery Cathode Market to Sail to US$ 196.75 Billion by 2034 with a 20.0% CAGR - Says PMR
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In a lithium-ion battery, the cathode is a positive electrode where curtailment (gain of electrons) takes place. There are varied kinds of substances that configure cathode constituents. For cathode, these kinds of substances are known as cathode active substances, and the chemistry differs dependent on the deliberated gadget or application.
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The cathode is a metal oxide, and the anode comprises porous carbon. In the course of discharge, the ions flow from the anode to the cathode through the electrolyte and separator. Charge overturns the direction, and the ions flow from the cathode to the anode. The requirement for productive energy repositories is escalating as the world moves towards more green energy, impacting the lithium-ion battery cathode market growth favorably.
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The aggressive topography of the market is distinguished by a mixture of entrenched industry leaders, surfacing players, and ongoing technological progressions. Here are some of the leading players in the lithium-ion battery cathode market:
• BASF SE
• Fujitsu Limited
• Hitachi Chemical Co., Ltd.
• LG Chem Ltd.
• Mitsubishi Chemical Holdings Corp
• NICHIA Corporation
• Samsung SDI
• Sumitomo Chemicals
• Umicore SA
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• In October 2024, Air Liquide funded approximately USD 150 million to augment its production potential and pipeline framework in Tennessee, along with a prolonged agreement with LG Chem.
• In July 2022, Hitachi High-Tech Corporation instigated a service for the distant inspection of deterioration in automotive lithium-ion batteries.
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???????????????????????????? ???????????????????????????????? ???????? ???????????????????????????????? ????????????????????????????????: The growing approval of electric vehicles is pushing the market ahead. In 2023, global EV sales got through to approximately 14 million units, and the quota of electric cars in aggregate vehicle sales surged from 4% in 2020 to 18% in 2023, as per the International Energy Agency (IEA).
???????????????????????????????????????? ???????????????????????????????????????? ????????????????????????????????????????????????: Escalating government undertakings are notably impacting market growth. Deliberate funding in extensive battery manufacturing frameworks such as gigafactories by the government is having a favorable impact on lithium-ion battery cathode market sales.
???????????????????????????????????????????????????? ????????????????????????????????????????????????: Progressions in technology are playing an important part in market augmentation. The advancement of elevated presentation cathode substances such as NMC, NCA, and LFP is improving energy density, decreasing prices, and enhancing security which is instantly causing market growth.
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???????????????? ????????????????????????????: Asia Pacific accounted for the largest lithium-ion battery cathode market share. The region's robust growth is primarily due to its entrenched superiority in battery manufacturing and the existence of spearheading market contenders in nations such as China, Japan, and South Korea.
???????????????????? ????????????????????????????: North America is anticipated to witness significant growth from 2025 to 2034. This can be attributed to growing funding in household battery manufacturing and the augmentation of EV production.
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https://www.polarismarketresearch.com/industry-analysis/lithium-ion-battery-cathode-market/inquire-before-buying?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
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By Chemical Composition Outlook
• Lithium Cobalt Oxide
• Lithium Manganese Oxide
• Lithium Nickel Manganese Cobalt Oxide
• Lithium Iron Phosphate
• Lithium Nickel Cobalt Aluminum Oxide
By Cell Type Outlook
• Cylindrical
• Prismatic
• Polymer
By End Use Outlook
• Automotive
• Consumer Electronics
• Medical Devices
• Industrial and Energy Storage
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• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of the Middle East & Africa
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
????????????????:
What are the segments covered in the lithium-ion battery cathode market?
Segments covered in the market are chemical composition, cell type, and end use.
What is the regional scope of the lithium-ion battery cathode market?
The market covers regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
What is the forecast period of the market?
The forecast period of the market is from 2025 to 2034.
How much is the market value?
The market size was valued at USD 31.86 billion in 2024 and is projected to grow to USD 196.75 billion by 2034.
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???????????????????? ???????????????????????????? ???????????????????????? ???????????????????????????????? & ????????????????????????????????????????, ????????????:
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