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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Lithium-Ion Battery Cathode Market

The growing demand for green energy repository solutions worldwide is a prominent factor driving the lithium-ion battery cathode market.

These batteries are an answer to several technologies from mobile devices to electric vehicles (EVs).” - Polaris market ResearchNEW YORK CITY, NY, UNITED STATES, February 6, 2025 /EINPresswire / -- The lithium-ion battery cathode market forecast for 2034 is a specialized study of the industry with a specific concentration on the global market trend analysis.
The lithium-ion battery cathode market is augmenting. The market is approximated to reach USD 196.75 billion by 2034. It was valued at USD 31.86 billion in 2024. It exhibited a CAGR of 20.0% from 2025 to 2034.

What is Lithium-ion Battery Cathode?
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.

Who Makes Lithium-Ion Battery Cathode?
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

Some of latest developments in the market are:
.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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What's Driving Market Forward?
Growing Approval of Electric Vehicles: 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: 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.

Technological Progressions: 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.

Which Region Leads Market Growth?
Asia Pacific: 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: 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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How is Market Segmentation Done?
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

By Regional Outlook
.North America
oUS
oCanada

.Europe
oGermany
oFrance
oUK
oItaly
oSpain
oNetherlands
oRussia
oRest of Europe

.Asia Pacific
oChina
oJapan
oIndia
oMalaysia
oSouth Korea
oIndonesia
oAustralia
oVietnam
oRest of Asia Pacific

.Middle East & Africa
oSaudi Arabia
oUAE
oIsrael
oSouth Africa
oRest of the Middle East & Africa

.Latin America
oMexico
oBrazil
oArgentina
oRest of Latin America

FAQs:
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.

Browse PMR's Lithium-Ion Battery Cathode Market Report Coverage from Different Publications:
Global Demand Drives Lithium-Ion Battery Cathode Market Size to USD 196.75 Billion by 2034 at 20.0% CAGR

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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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Polaris Market Research and Consulting
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