Latin America Cathode Materials Market Size & Outlook

The cathode materials market in Latin America is expected to reach a projected revenue of US$ 1,045.9 million by 2030. A compound annual growth rate of 9.5% is expected of Latin America cathode materials market from 2025 to 2030.
Revenue, 2024 (US$M)
$611.3
Forecast, 2030 (US$M)
$1,045.9
CAGR, 2025 - 2030
9.5%
Report Coverage
Latin America

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Latin America cathode materials market, 2018-2030 (US$M)

Latin America cathode materials market, 2018-2030 (US$M)

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Latin America cathode materials market highlights

  • The Latin America cathode materials market generated a revenue of USD 2,508.2 million in 2023.
  • The market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
  • In terms of segment, lithium-ion was the largest revenue generating battery type in 2023.
  • Lithium-Ion is the most lucrative battery type segment registering the fastest growth during the forecast period.

Latin America data book summary

Market revenue in 2023USD 2,508.2 million
Market revenue in 2030USD 5,948.4 million
Growth rate13.1% (CAGR from 2024 to 2030)
Largest segmentLithium-ion
Fastest growing segmentLithium-Ion
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLithium-Ion
Key market players worldwideNichia Corporation, JFE Chemical Corporation, NEI Corporation, Targray, Basf SE, Hitachi Ltd, Mitsubishi Chemical Group Corp, Celgard, Umicore SA ADR, Sumitomo Metal Mining Co Ltd

Other key industry trends

  • In terms of revenue, Latin America region accounted for 9.0% of the global cathode materials market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 25,315.9 million by 2030.

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Cathode Materials Market Companies

Name Profile # Employees HQ Website
Celgard View profile 501-1000 Charlotte, North Carolina, United States, North America http://celgard.com
JFE Chemical Corporation View profile 501-1000 Tokyo, Tokyo, Japan, Asia https://www.jfe-chem.com/
Sumitomo Metal Mining Co Ltd View profile 7977 11-3, Shimbashi 5-chome, Minato-ku, Tokyo, Japan, 105-8716 http://www.smm.co.jp
Mitsubishi Chemical Group Corp View profile 74632 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 https://www.mcgc.com
Targray View profile 101-250 Kirkland, Quebec, Canada, North America https://www.targray.com/
Nichia Corporation View profile 5001-10000 Tokushima, Tokushima, Japan, Asia http://www.nichia.co.jp/
NEI Corporation View profile 11-50 Somerset, New Jersey, United States, North America https://www.neicorporation.com/
Umicore SA ADR View profile 11948 Rue du Marais 31 Broekstraat, Brussels, Belgium, B-1000 https://www.umicore.com
Basf SE View profile 111855 Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 https://www.basf.com
Hitachi Ltd View profile 322525 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 http://www.hitachi.com

Latin America cathode materials market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cathode materials market will help companies and investors design strategic landscapes.


Lithium-ion was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Latin America cathode materials market based on lithium-ion covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of cathode materials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cathode materials market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cathode materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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