Middle East & Africa Cathode Materials Market Size & Outlook
MEA cathode materials market highlights
- The MEA cathode materials market generated a revenue of USD 1,111.6 million in 2023.
- The market is expected to grow at a CAGR of 13.8% 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.
MEA data book summary
| Market revenue in 2023 | USD 1,111.6 million |
| Market revenue in 2030 | USD 2,754.1 million |
| Growth rate | 13.8% (CAGR from 2024 to 2030) |
| Largest segment | Lithium-ion |
| Fastest growing segment | Lithium-Ion |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-Ion |
| Key market players worldwide | Nichia 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, MEA region accounted for 4.0% 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 |
Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa cathode materials market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cathode materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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