The Cathode Materials Global Market Report 2023 by The Business Research Company, provides cathode materials market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Cathode Materials Global Market Report 2023, the market size is expected to grow from $18.57 billion in 2022 to $20.43 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the cathode materials is expected to grow to $27.91 billion in 2027 at a CAGR of 8.1%.
The growing usage of batteries in electric vehicles is expected to propel the growth of the cathode materials market going forward. Electric vehicles refer to vehicles that are either partially or fully run on electricity. Cathode materials are used in Li-ion batteries in electric vehicles to generate electricity through chemical reactions.
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The cathode materials market is segmented:
1) By Material: Lithium Cobalt Oxide or Lithium Cobaltate, Lithium Manganese Oxide or Spinel or Lithium Manganate, Lithium Iron Phosphate or Lithium Nickel Manganese Cobalt (NMC), Lithium Nickel Cobalt Aluminum Oxide, Sulfur Cathodes, Sodium Cobalt Oxide, Other Materials
2) By Battery Type: Lead-Acid, Lithium-Ion, Other Battery Types
3) By Application: Portable Gadgets, Medical Devices (Cardiac Pacemakers, Implantable Cardiac Defibrillators (ICDs), and Others), Power Tools, Wireless Peripherals or Cordless Devices, Power Storage Systems, Other Applications
Technological innovations have emerged as the key trend gaining popularity in the cathode materials market. Major companies operating in the cathode materials sector are focused on introducing new technological innovations to sustain their position in the market. For instance, in April 2022, Ascend Elements, a US-based company that produces cathode active materials, launched Hydro-to-Cathode process technology. This technology helps to transform critical elements from recycled lithium-ion batteries into new cathode materials. This is an advanced technology for producing cathode materials by using recycled batteries.
The cathode materials market report table of contents includes:
1. Executive Summary
2. Cancer Diagnostics Market Characteristics
3. Cancer Diagnostics Market Trends And Strategies
4. Cancer Diagnostics Market – Macro Economic Scenario
5. Cancer Diagnostics Market Size And Growth
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26. Africa Cancer Diagnostics Market
27. Cancer Diagnostics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cancer Diagnostics Market
29. Cancer Diagnostics Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Abbott
- Becton Dickinson and Company
- Hoffmann-La Roche Ltd
- GE Healthcare Ltd
- Thermo Fisher Scientific
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