Report Thumbnail
Product Code MM0913818517PT
Published Date 2025/9/25
English257 PagesGlobal

Cathode Materials Market by Battery Type (Lead-acid, Lithium-ion, Nickel-cadmium (NiCd)), Material (Lithium-ion (LFP, LCO, NMC, NCA, LMO), Lead Dioxide), End Use (Automotive, Consumer Electronics, Industrial), and Region - Global Forecast to 2030Materials / Chemicals Market


Report Thumbnail
Product Code MM0913818517PT◆An updated version may be available. We will check for you.
Published Date 2025/9/25
English 257 PagesGlobal

Cathode Materials Market by Battery Type (Lead-acid, Lithium-ion, Nickel-cadmium (NiCd)), Material (Lithium-ion (LFP, LCO, NMC, NCA, LMO), Lead Dioxide), End Use (Automotive, Consumer Electronics, Industrial), and Region - Global Forecast to 2030Materials / Chemicals Market



Abstract

This report provides a comprehensive analysis of the global cathode materials market, projecting significant growth driven by the rapid electrification of transportation and renewable energy storage. It examines key chemistries such as NMC, LFP, and NCA across diverse battery types, including dominant lithium-ion and established lead-acid segments. The study explores major end-use sectors like automotive and industrial power, while highlighting regional dynamics in North America and Asia Pacific. Additionally, the report evaluates competitive landscapes, manufacturing innovations, and supply chain challenges.

Related Questions

USD 37.78 billion in 2025, USD 65.15 billion by 2030

11.5% CAGR (2025-2030)

XTC New Energy Materials (Xiamen) Co., Ltd., Shenzhen Dynanonic Co., Ltd., Hunan Yuneng New Energy Battery Materials Co., Ltd., LANDF CORP., POSCO FUTURE M, BASF

rapid adoption of EVs, PHEVs, and HEVs boosting need for advanced cathode chemistries; high demand for lithium-ion technology in renewable energy industry; expanding consumer electronics market


Summary

Executive Overview

The global cathode materials market is projected to grow from USD 37.78 billion in 2025 to USD 65.15 billion by 2030, at a CAGR of 11.5% during the forecast period. Cathode materials are essential to the performance and reliability of modern rechargeable batteries, serving as the positive electrode that governs critical characteristics such as energy density, voltage output, and cycle life. The market is positioned as a cornerstone of the global transition toward electrification and sustainable energy solutions.

Market Dynamics

Growth Drivers & Trends

  • Electrification & Sustainability: Rising investments in gigafactories and government incentives for clean energy adoption are reinforcing market momentum.
  • Technological Advancements: Improvements in manufacturing processes, including solid-state synthesis and co-precipitation, are enhancing product consistency and scalability.
  • Research & Innovation: Ongoing research into high-nickel and cobalt-free cathodes is driving industry progress.
  • End-Use Demand: Rapid adoption of Electric Vehicles (EVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Hybrid Electric Vehicles (HEVs) is boosting the need for advanced chemistries. Additionally, high demand for lithium-ion technology in the renewable energy industry and an expanding consumer electronics market provide steady demand.

Market Restraints

  • Safety Risks: Safety and thermal-runaway risks during cathode production, storage, and battery operation remain a concern.

Market Opportunities

  • Technological Breakthroughs: Breakthroughs in solid-state batteries and novel chemistries, such as LMFP, high-manganese, or cobalt-free cathodes.
  • Supply Chain & Policy: Regional supply-chain localization and government incentives encouraging the establishment of new cathode plants.

Market Challenges

  • Production Scalability: Maintaining product consistency while ramping up high-volume production.
  • Regulatory & Environmental Compliance: Navigating evolving environmental regulations and carbon-footprint requirements.
  • Resource Security: Ensuring long-term supply security for critical raw materials.

Market Segmentation

By Chemistry

  • Lithium Nickel Manganese Cobalt (NMC)
  • Lithium Iron Phosphate (LFP)
  • Nickel Cobalt Aluminum (NCA)
  • Lithium Cobalt Oxide (LCO)
  • Lithium Manganese Oxide (LMO)

By Battery Type

  • Lithium-ion: Dominates applications in electric vehicles, portable electronics, and stationary energy storage systems.
  • Lead-acid: Estimated to account for the second-largest share of the market during the forecast period. This segment remains a preferred choice for automotive starter-lighting-ignition (SLI) systems, backup power supplies, uninterruptible power systems (UPS), and off-grid renewable installations due to its low cost, mature recycling infrastructure, and proven safety profile. Improvements in design, such as enhanced flooded batteries and absorbent glass mat (AGM) technologies, continue to strengthen its competitiveness.

By End-Use

  • Automotive: Driven by the transition to electric mobility.
  • Consumer Electronics: Including smartphones, laptops, and connected devices.
  • Industrial Power: Estimated to account for the second-largest share during the forecast period. This includes backup power for manufacturing plants, critical infrastructure UPS, grid stabilization, renewable energy storage, mining equipment, and heavy-duty machinery.

By Region

  • Asia Pacific: Holds the largest regional share (40%).
  • North America: Projected to hold the second-largest share (30%), supported by a strong battery manufacturing ecosystem, expanding EV adoption driven by federal/state incentives, and significant investments in gigafactories and recycling infrastructure.
  • Europe: Represents 20% of the market share.
  • Rest of the World: Represents 10% of the market share.

Competitive Landscape

Key Players

Major players operating in the market include:

  • XTC New Energy Materials (Xiamen) Co., Ltd. (China)
  • Shenzhen Dynanonic Co., Ltd. (China)
  • Hunan Yuneng New Energy Battery Materials Co., Ltd. (China)
  • LANDF CORP. (South Korea)
  • POSCO FUTURE M (South Korea)
  • BASF (Germany)

Key players utilize various strategic moves to increase market share and revenue, including agreements, joint ventures, partnerships, expansions, acquisitions, investments, memorandums of understanding (MoU), collaborations, and contracts.

Profile Break-up of Primary Participants

  • By Company Type:
  • Tier 1: 65%
  • Tier 2: 20%
  • Tier 3: 15%
  • By Designation:
  • Directors: 25%
  • Managers: 30%
  • Others: 45%
  • By Region:
  • North America: 30%
  • Asia Pacific: 40%
  • Europe: 20%
  • Rest of the World: 10%

Research Coverage & Report Insights

This report defines, segments, and projects the cathode materials market based on material, battery type, end use, and region. It provides:

  • Product Development/Innovation: Detailed insights into upcoming technologies and R&D activities.
  • Market Development: Comprehensive analysis of lucrative markets across varied regions.
  • Market Diversification: Exhaustive information regarding new products, various types, untapped geographies, recent developments, and investments.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players.

Reasons to Buy the Report

  • Provides closest approximations of revenue numbers for the market and its segments for market leaders and new entrants.
  • Facilitates an improved understanding of the competitive landscape.
  • Provides insights to improve business positioning and develop suitable go-to-market strategies.
  • Enables stakeholders to understand market trends, drivers, restraints, challenges, and opportunities.

Table of Contents

  • 1 INTRODUCTION 28

    • 1.1 STUDY OBJECTIVES 28
    • 1.2 MARKET DEFINITION 28
    • 1.3 STUDY SCOPE 29
      • 1.3.1 MARKETS COVERED AND REGIONAL SCOPE 29
      • 1.3.2 INCLUSIONS AND EXCLUSIONS OF STUDY 30
    • 1.4 YEARS CONSIDERED 30
    • 1.5 CURRENCY CONSIDERED 31
    • 1.6 UNITS CONSIDERED 31
    • 1.7 STAKEHOLDERS 31
    • 1.8 SUMMARY OF CHANGES 31
  • 2 RESEARCH METHODOLOGY 32

    • 2.1 RESEARCH DATA 32
      • 2.1.1 SECONDARY DATA 33
        • 2.1.1.1 Key data from secondary sources 33
      • 2.1.2 PRIMARY DATA 33
        • 2.1.2.1 Key data from primary sources 34
        • 2.1.2.2 List of primary interview participants (demand and supply sides) 34
        • 2.1.2.3 Key industry insights 35
        • 2.1.2.4 Breakdown of interviews with experts 35
    • 2.2 MATRIX CONSIDERED FOR DEMAND-SIDE ANALYSIS 36
    • 2.3 MARKET SIZE ESTIMATION 36
      • 2.3.1 BOTTOM-UP APPROACH 37
      • 2.3.2 TOP-DOWN APPROACH 37
        • 2.3.2.1 Calculations for supply-side analysis 39
    • 2.4 GROWTH FORECAST 39
    • 2.5 DATA TRIANGULATION 39
    • 2.6 RESEARCH ASSUMPTIONS 40
    • 2.7 RESEARCH LIMITATIONS 41
    • 2.8 RISK ASSESSMENT 41
  • 3 EXECUTIVE SUMMARY 42

  • 4 PREMIUM INSIGHTS 46

    • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CATHODE MATERIALS MARKET 46
    • 4.2 CATHODE MATERIALS MARKET, BY REGION 46
    • 4.3 CATHODE MATERIALS MARKET, BY MATERIAL 47
    • 4.4 CATHODE MATERIALS MARKET, BY BATTERY TYPE 47
    • 4.5 CATHODE MATERIALS MARKET, BY KEY COUNTRY 48
  • 5 MARKET OVERVIEW 49

    • 5.1 INTRODUCTION 49
    • 5.2 MARKET DYNAMICS 50
      • 5.2.1 DRIVERS 50
        • 5.2.1.1 Rapid adoption of EVs, PHEVs, and HEVs boosts need for advanced cathode chemistries 50
        • 5.2.1.2 High demand for lithium-ion technology in renewable energy industry to drive market 52
        • 5.2.1.3 Expanding consumer electronics market to increase demand 52
      • 5.2.2 RESTRAINTS 52
        • 5.2.2.1 Safety and thermal-runaway risks during cathode production, storage, and battery operation 52
        • 5.2.2.2 Limited large-scale, efficient recycling and closed-loop processes for cathode materials 53
      • 5.2.3 OPPORTUNITIES 53
        • 5.2.3.1 Breakthroughs in solid-state batteries and novel chemistries such as LMFP, high-manganese, or cobalt-free cathodes 53
        • 5.2.3.2 Regional supply-chain localization and government incentives encouraging new cathode plants 53
      • 5.2.4 CHALLENGES 54
        • 5.2.4.1 Maintaining product consistency while ramping high-volume production 54
        • 5.2.4.2 Navigating evolving environmental regulations and carbon-footprint requirements 54
        • 5.2.4.3 Ensuring long-term supply security for critical raw materials 54
  • 6 INDUSTRY TRENDS 55

    • 6.1 MACROECONOMIC OUTLOOK 55
    • 6.2 SUPPLY CHAIN ANALYSIS 57
      • 6.2.1 RAW MATERIAL SUPPLY 58
      • 6.2.2 CATHODE MATERIALS PRODUCTION 58
      • 6.2.3 CATHODE MATERIAL TYPES 58
      • 6.2.4 DISTRIBUTION NETWORK 58
      • 6.2.5 END-USE INDUSTRIES 58
    • 6.3 ECOSYSTEM ANALYSIS 59
    • 6.4 PORTER’S FIVE FORCES ANALYSIS 60
      • 6.4.1 BARGAINING POWER OF SUPPLIERS 61
      • 6.4.2 BARGAINING POWER OF BUYERS 61
      • 6.4.3 THREAT OF NEW ENTRANTS 61
      • 6.4.4 THREAT OF SUBSTITUTES 62
      • 6.4.5 INTENSITY OF COMPETITIVE RIVALRY 62
    • 6.5 KEY STAKEHOLDERS AND BUYING CRITERIA 62
      • 6.5.1 KEY STAKEHOLDERS IN BUYING PROCESS 62
      • 6.5.2 BUYING CRITERIA 63
    • 6.6 PRICING ANALYSIS 64
      • 6.6.1 AVERAGE SELLING PRICE TREND OF LITHIUM-ION CATHODE MATERIALS
      • 6.6.2 AVERAGE SELLING PRICE OF LITHIUM-ION CATHODE MATERIALS
    • 6.7 TARIFF ANALYSIS AND REGULATORY LANDSCAPE 67
      • 6.7.1 TARIFF ANALYSIS 67
      • 6.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
    • 6.8 KEY CONFERENCES AND EVENTS, 2025-2026 70
    • 6.9 PATENT ANALYSIS 71
      • 6.9.1 METHODOLOGY 71
      • 6.9.2 CATHODE MATERIALS MARKET: LIST OF MAJOR PATENTS, 2014-2024 72
    • 6.10 TECHNOLOGY ANALYSIS 73
      • 6.10.1 KEY TECHNOLOGIES 73
        • 6.10.1.1 High-nickel cathodes 73
      • 6.10.2 COMPLEMENTARY TECHNOLOGIES 73
        • 6.10.2.1 Lithium metal batteries 73
      • 6.10.3 ADJACENT TECHNOLOGIES 74
        • 6.10.3.1 Metal-air batteries 74
    • 6.11 CASE STUDY ANALYSIS 74
      • 6.11.1 ASCEND ELEMENTS TARGETS 90% CARBON FOOTPRINT REDUCTION IN NMC 622 CATHODE PRODUCTION BY 2030 74
      • 6.11.2 POSCO FUTURE M SECURED SUPPLY DEAL WITH GM-LG ULTIUM CELLS TO EXPAND EV CATHODE MATERIAL PRODUCTION 75
    • 6.12 TRADE DATA 75
      • 6.12.1 IMPORT SCENARIO (HS CODE 850650) 75
      • 6.12.2 EXPORT SCENARIO (HS CODE 850650) 77
    • 6.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 78
    • 6.14 INVESTMENT AND FUNDING SCENARIO 78
    • 6.15 IMPACT OF GENERATIVE AI ON CATHODE MATERIALS MARKET 79
      • 6.15.1 INTRODUCTION 79
      • 6.15.2 PRODUCTION IMPROVEMENT 79
      • 6.15.3 MATERIAL DISCOVERY AND INNOVATION 80
      • 6.15.4 SUPPLY CHAIN OPTIMIZATION 80
      • 6.15.5 QUALITY CONTROL AND PREDICTIVE MAINTENANCE 80
    • 6.16 IMPACT OF 2025 US TARIFF - CATHODE MATERIALS MARKET 80
      • 6.16.1 KEY TARIFF RATES 80
      • 6.16.2 PRICE IMPACT ANALYSIS 80
      • 6.16.3 IMPACT ON COUNTRY/REGION 80
        • 6.16.3.1 US 80
        • 6.16.3.2 Europe 81
        • 6.16.3.3 Asia Pacific 81
      • 6.16.4 IMPACT ON END-USE INDUSTRIES 81
        • 6.16.4.1 Automotive 81
        • 6.16.4.2 Consumer electronics 81
        • 6.16.4.3 Industrial 81
  • 7 CATHODE MATERIALS MARKET, BY MANUFACTURING PROCESS 82

    • 7.1 INTRODUCTION 82
    • 7.2 SOLID-STATE SYNTHESIS 82
      • 7.2.1 ABILITY TO ENABLE LARGE-SCALE, COST-EFFECTIVE PRODUCTION OF RELIABLE CATHODE MATERIALS TO DRIVE MARKET 82
    • 7.3 CO-PRECIPITATION 82
      • 7.3.1 PRECISION AND UNIFORMITY IN PRODUCING HIGH-PERFORMANCE CATHODE MATERIALS TO DRIVE MARKET 82
    • 7.4 OTHER MANUFACTURING PROCESSES 82
  • 8 CATHODE MATERIALS MARKET, BY MATERIAL 83

    • 8.1 INTRODUCTION 84
    • 8.2 LITHIUM-ION CATHODE MATERIALS 86
      • 8.2.1 LITHIUM IRON PHOSPHATE 87
        • 8.2.1.1 Rapid electrification of public transport and renewable-energy storage projects to accelerate market 87
      • 8.2.2 LITHIUM COBALT OXIDE 89
        • 8.2.2.1 Rising demand for powerful, lightweight consumer electronics to fuel market 89
      • 8.2.3 LITHIUM NICKEL MANGANESE COBALT 90
        • 8.2.3.1 Versatility and strong performance of NMC cathodes to drive market 90
      • 8.2.4 LITHIUM NICKEL COBALT ALUMINUM 92
        • 8.2.4.1 Rising demand for premium electric vehicles and high-end energy applications to drive market 92
      • 8.2.5 LITHIUM MANGANESE OXIDE 93
        • 8.2.5.1 Growing demand for affordable mobility solutions and industrial tools to drive market 93
    • 8.3 LEAD DIOXIDE CATHODE MATERIALS 95
      • 8.3.1 DEMAND FOR COST-EFFECTIVE, RELIABLE ENERGY STORAGE IN AUTOMOTIVE AND INDUSTRIAL APPLICATIONS TO DRIVE MARKET 95
    • 8.4 OTHER CATHODE MATERIALS 96
  • 9 CATHODE MATERIALS MARKET, BY BATTERY TYPE 99

    • 9.1 INTRODUCTION 100
    • 9.2 LITHIUM-ION 101
      • 9.2.1 RISING ADOPTION OF ELECTRIC VEHICLES, RENEWABLE ENERGY, AND PORTABLE ELECTRONICS TO PROPEL MARKET 101
    • 9.3 LEAD-ACID 103
      • 9.3.1 STEADY DEMAND FOR COST-EFFECTIVE, RELIABLE ENERGY STORAGE IN AUTOMOTIVE AND INDUSTRIAL APPLICATIONS TO DRIVE MARKET 103
    • 9.4 OTHER BATTERY TYPES 104
  • 10 CATHODE MATERIALS MARKET, BY END USE 107

    • 10.1 INTRODUCTION 108
    • 10.2 AUTOMOTIVE 109
      • 10.2.1 GLOBAL SHIFT TOWARD ELECTRIC AND HYBRID VEHICLES TO ACCELERATE MARKET 109
    • 10.3 CONSUMER ELECTRONICS 109
      • 10.3.1 RISING ADOPTION OF PORTABLE ELECTRONIC DEVICES TO DRIVE DEMAND 109
    • 10.4 INDUSTRIAL 110
      • 10.4.1 GROWING ENERGY STORAGE AND BACKUP REQUIREMENTS TO FUEL MARKET GROWTH 110
    • 10.5 OTHER END USES 110
  • 11 CATHODE MATERIALS MARKET, BY REGION 111

    • 11.1 INTRODUCTION 112
    • 11.2 ASIA PACIFIC 113
      • 11.2.1 CHINA 121
        • 11.2.1.1 Expanding electric vehicle adoption to drive market 121
      • 11.2.2 SOUTH KOREA 122
        • 11.2.2.1 Increasing automotive output, combined with leadership in electric vehicle production, to drive market 122
      • 11.2.3 JAPAN 123
        • 11.2.3.1 Rising adoption of electric and hybrid vehicles to drive market 123
      • 11.2.4 INDIA 124
        • 11.2.4.1 Government incentives for electric vehicle deployment under FAME-II to propel market 124
      • 11.2.5 TAIWAN 125
        • 11.2.5.1 Growth in battery recycling initiatives to fuel market growth 125
      • 11.2.6 MALAYSIA 126
        • 11.2.6.1 Rising lithium-ion battery production and growing industrial and energy storage demand to drive market 126
      • 11.2.7 REST OF ASIA PACIFIC 128
    • 11.3 NORTH AMERICA 129
      • 11.3.1 US 135
        • 11.3.1.1 Increasing lithium-ion battery production and strengthening domestic supply chains to fuel market growth 135
      • 11.3.2 CANADA 136
        • 11.3.2.1 Growing EV adoption to drive market growth 136
      • 11.3.3 MEXICO 137
        • 11.3.3.1 Rising EV adoption, particularly in logistics, ride-hailing, and public transportation, to fuel market growth 137
    • 11.4 EUROPE 138
      • 11.4.1 GERMANY 145
        • 11.4.1.1 Increasing demand for lithium-ion batteries and shift from conventional vehicles to boost market 145
      • 11.4.2 UK 146
        • 11.4.2.1 Rapid EV adoption to fuel market growth 146
      • 11.4.3 FRANCE 147
        • 11.4.3.1 Stable BEV growth to drive market 147
      • 11.4.4 REST OF EUROPE 148
    • 11.5 REST OF THE WORLD 150
      • 11.5.1 BRAZIL 155
        • 11.5.1.1 Growing automotive production and increasing demand from electronics and industrial applications to drive market 155
      • 11.5.2 OTHER COUNTRIES 156
  • 12 COMPETITIVE LANDSCAPE 158

    • 12.1 INTRODUCTION 158
    • 12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 158
    • 12.3 REVENUE ANALYSIS 160
    • 12.4 MARKET SHARE ANALYSIS 160
    • 12.5 BRAND/PRODUCT COMPARISON 162
    • 12.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 164
      • 12.6.1 STARS 164
      • 12.6.2 EMERGING LEADERS 164
      • 12.6.3 PERVASIVE PLAYERS 164
      • 12.6.4 PARTICIPANTS 165
      • 12.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 166
        • 12.6.5.1 Company footprint 166
        • 12.6.5.2 Region footprint 167
        • 12.6.5.3 Material footprint 168
        • 12.6.5.4 Battery type footprint 169
        • 12.6.5.5 End-use footprint 170
    • 12.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 171
      • 12.7.1 PROGRESSIVE COMPANIES 171
      • 12.7.2 RESPONSIVE COMPANIES 171
      • 12.7.3 DYNAMIC COMPANIES 171
      • 12.7.4 STARTING BLOCKS 171
      • 12.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024 172
        • 12.7.5.1 Detailed list of key startups/SMEs 172
        • 12.7.5.2 Competitive benchmarking of key startups/SMEs 173
    • 12.8 VALUATION AND FINANCIAL METRICS 174
    • 12.9 COMPETITIVE SCENARIO 175
      • 12.9.1 DEALS 175
      • 12.9.2 EXPANSIONS 176
  • 13 COMPANY PROFILES 178

    • 13.1 KEY PLAYERS 178
      • 13.1.1 HUNAN YUNENG NEW ENERGY BATTERY MATERIALS CO., LTD 178
        • 13.1.1.1 Business overview 178
        • 13.1.1.2 Products/Solutions/Services offered 179
        • 13.1.1.3 Recent developments 179
          • 13.1.1.3.1 Deals 179
        • 13.1.1.4 MnM view 179
          • 13.1.1.4.1 Right to win 179
          • 13.1.1.4.2 Strategic choices 180
          • 13.1.1.4.3 Weaknesses and competitive threats 180
      • 13.1.2 XTC NEW ENERGY MATERIALS (XIAMEN) CO., LTD 181
        • 13.1.2.1 Business overview 181
        • 13.1.2.2 Products/Solutions/Services offered 182
        • 13.1.2.3 Recent developments 182
          • 13.1.2.3.1 Deals 182
        • 13.1.2.4 MnM view 183
          • 13.1.2.4.1 Right to win 183
          • 13.1.2.4.2 Strategic choices 183
          • 13.1.2.4.3 Weaknesses and competitive threats 183
      • 13.1.3 SHENZHEN DYNANONIC CO., LTD 184
        • 13.1.3.1 Business overview 184
        • 13.1.3.2 Products/Solutions/Services offered 184
        • 13.1.3.3 Recent developments 185
          • 13.1.3.3.1 Deals 185
        • 13.1.3.4 MnM view 185
          • 13.1.3.4.1 Right to win 185
          • 13.1.3.4.2 Strategic choices 185
          • 13.1.3.4.3 Weaknesses and competitive threats 185
      • 13.1.4 LANDF CORP 186
        • 13.1.4.1 Business overview 186
        • 13.1.4.2 Products/Solutions/Services offered 187
        • 13.1.4.3 Recent developments 187
          • 13.1.4.3.1 Expansions 187
        • 13.1.4.4 MnM view 187
          • 13.1.4.4.1 Right to win 187
          • 13.1.4.4.2 Strategic choices 188
          • 13.1.4.4.3 Weaknesses and competitive threats 188
      • 13.1.5 POSCO FUTURE M 189
        • 13.1.5.1 Business overview 189
        • 13.1.5.2 Products/Solutions/Services offered 190
        • 13.1.5.3 Recent developments 190
          • 13.1.5.3.1 Deals 190
        • 13.1.5.4 MnM view 191
          • 13.1.5.4.1 Right to win 191
          • 13.1.5.4.2 Strategic choices 191
          • 13.1.5.4.3 Weaknesses and competitive threats 191
      • 13.1.6 UMICORE 192
        • 13.1.6.1 Business overview 192
        • 13.1.6.2 Products/Solutions/Services offered 193
        • 13.1.6.3 Recent developments 194
          • 13.1.6.3.1 Deals 194
          • 13.1.6.3.2 Expansions 194
      • 13.1.7 EV METALS GROUP 196
        • 13.1.7.1 Business overview 196
        • 13.1.7.2 Products/Solutions/Services offered 196
        • 13.1.7.3 Recent developments 196
          • 13.1.7.3.1 Deals 196
      • 13.1.8 SUMITOMO METAL MINING CO., LTD 197
        • 13.1.8.1 Business overview 197
        • 13.1.8.2 Products/Solutions/Services offered 198
        • 13.1.8.3 Recent developments 198
          • 13.1.8.3.1 Deals 198
          • 13.1.8.3.2 Expansions 198
      • 13.1.9 MITSUI MINING & SMELTING CO., LTD 199
        • 13.1.9.1 Business overview 199
        • 13.1.9.2 Products/Solutions/Services offered 200
      • 13.1.10 BASF 202
        • 13.1.10.1 Business overview 202
        • 13.1.10.2 Products/Solutions/Services offered 203
        • 13.1.10.3 Recent developments 204
          • 13.1.10.3.1 Deals 204
      • 13.1.11 TODA KOGYO CORP 205
        • 13.1.11.1 Business overview 205
        • 13.1.11.2 Products/Solutions/Services offered 206
        • 13.1.11.3 Recent developments 206
          • 13.1.11.3.1 Expansions 206
      • 13.1.12 NEI CORPORATION 207
        • 13.1.12.1 Business overview 207
        • 13.1.12.2 Products/Solutions/Services offered 207
        • 13.1.12.3 Recent developments 209
          • 13.1.12.3.1 Expansions 209
      • 13.1.13 SHANSHAN CO 210
        • 13.1.13.1 Business overview 210
        • 13.1.13.2 Products/Solutions/Services offered 211
        • 13.1.13.3 Recent developments 211
          • 13.1.13.3.1 Deals 211
      • 13.1.14 GRAVITA INDIA LTD 212
        • 13.1.14.1 Business overview 212
        • 13.1.14.2 Products/Solutions/Services offered 213
      • 13.1.15 LG CHEM 214
        • 13.1.15.1 Business overview 214
        • 13.1.15.2 Products/Solutions/Services offered 215
        • 13.1.15.3 Recent developments 216
          • 13.1.15.3.1 Deals 216
          • 13.1.15.3.2 Expansions 217
      • 13.1.16 NINGBO RONGBAI NEW ENERGY TECHNOLOGY CO., LTD 218
        • 13.1.16.1 Business overview 218
        • 13.1.16.2 Products/Solutions/Services offered 219
      • 13.1.17 BEIJING DANGSHENG MATERIALS TECHNOLOGY CO., LTD 220
        • 13.1.17.1 Business overview 220
        • 13.1.17.2 Products/Solutions/Services offered 221
      • 13.1.18 HUBEI WANRUN NEW ENERGY TECHNOLOGY CO., LTD 222
        • 13.1.18.1 Business overview 222
        • 13.1.18.2 Products/Solutions/Services offered 223
      • 13.1.19 HUAYOU COBALT CO., LTD 224
        • 13.1.19.1 Business overview 224
        • 13.1.19.2 Products/Solutions/Services offered 225
        • 13.1.19.3 Recent developments 226
          • 13.1.19.3.1 Deals 226
      • 13.1.20 AMERICAN ELEMENTS 228
        • 13.1.20.1 Business overview 228
        • 13.1.20.2 Products/Solutions/Services offered 228
      • 13.1.21 PROTERIAL, LTD 233
        • 13.1.21.1 Business overview 233
        • 13.1.21.2 Products/Solutions/Services offered 234
        • 13.1.21.3 Recent developments 234
          • 13.1.21.3.1 Deals 234
    • 13.2 OTHER PLAYERS 235
      • 13.2.1 NICHIA CORPORATION 235
      • 13.2.2 PEKING UNIVERSITY PIONEER TECHNOLOGY INDUSTRY CO., LTD 236
      • 13.2.3 ASCEND ELEMENTS, INC 236
        • 13.2.3.1 Recent developments 237
          • 13.2.3.1.1 Deals 237
          • 13.2.3.1.2 Expansions 237
      • 13.2.4 TOPSOE 238
  • 14 ADJACENT AND RELATED MARKETS 239

    • 14.1 INTRODUCTION 239
    • 14.2 LIMITATIONS 239
    • 14.3 INTERCONNECTED MARKETS 239
      • 14.3.1 INDUSTRIAL BATTERIES MARKET 239
      • 14.3.2 MARKET DEFINITION 239
      • 14.3.3 MARKET OVERVIEW 239
      • 14.3.4 INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE 240
        • 14.3.4.1 Lead-acid 240
          • 14.3.4.1.1 Increasing adoption in grid energy storage to drive growth 240
        • 14.3.4.2 Lithium-ion 243
          • 14.3.4.2.1 Decreasing prices to drive growth 243
        • 14.3.4.3 Others 246
  • 15 APPENDIX 250

    • 15.1 DISCUSSION GUIDE 250
    • 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 253
    • 15.3 CUSTOMIZATION OPTIONS 255
    • 15.4 RELATED REPORTS 255
    • 15.5 AUTHOR DETAILS 256
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