MMR, global market research and consulting organization, has released a new study titled “Cathode Materials market – Global outlook to 2027″. Industries’ constant focus on reducing the operational cost and increased attention on core business, and the need to improve scalability are expected to shape the Global Cathode Materials market to grow at a CAGR of %.
Global Cathode Materials Market : was valued at US$ 14 Bn. in 2021. The Global Cathode Materials Market size is estimated to grow at a CAGR of 7.1 % over the forecast period.
According to an Analyst at MMR, the Global Cathode Materials market will experience significant growth during the forecast period due to potential opportunities lying in the market. The market drivers are:
COVID-19 Impact:
Our team is working on the COVID 19 impact on various industry verticals and provide authenticate data to the client this data helps us understand the market situation. To understand the influence and factors of the COVID 19 on the global Cathode Materials market with our expert monitoring which explains all the impacting factors and COVID impact on each key player are explained in the report.
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Market Segmentation:
By Type, the cathode materials market is segmented into lead-acid, lithium-ion, others. The lead-acid segment is expected to grow at a rapid pace during the forecast period. Lead-acid batteries are widely used in electronic systems, thanks to their low-cost and performance features. A high recycling rate and increasing research and development activities are expected to fuel the product demand during the forecast period.
By Material, the market is segmented into lithium iron phosphate, lithium cobalt oxide, lithium nickel manganese cobalt, lead dioxide, others. The lithium iron phosphate segment is expected to register a CAGR of 6.4% during the forecast period. This material is cost-effective for lithium-ion batteries and possesses excellent safety and a long-life period compared to high load currents. Growing preference towards batteries with high energy density and reliability is contributing to the segment growth.
The market is divided into main 5 regions and they are North America (U.S., Canada), Europe (U.K., Germany, France, Italy), Asia Pacific (China, India, Japan, Singapore, Malaysia, South Korea), Latin America (Brazil, Mexico, Argentina, Chile), and MEA (Saudi Arabia, South Africa, Egypt) respectively. The MMR Company provides government regulation and pricing analysis of each and everyone that helps to understand the market situation and current competition in the market.
Key Players:
• Unicore
• 3M
• Mitsubishi Chemical Holdings
• Posco
• Johnson Matthey
• BASF SE
• Sumitomo Corporation
• Mitsui Mining & Smelting Company
• Showa Denko
• Hitachi Chemical Co., Ltd
• KUREHA CORPORATION
• Sumitomo Corporation
• Mitsui Mining & Smelting Co., Ltd.
• SHOWA DENKO K.K.
• The Dow Chemical Company
• Others
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The report provides a detailed analysis and forecast of the industry covering the following key features:
- Industry outlook includes current and future market drivers, restraints, trends, challenges, emerging technologies, and recent developments.
- Key industry developments and key insights
- Significant marketing factors such as driver, restraints, opportunity, and challenges
- Number of significant companies and their revenue and net income
- Other market trends
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