Global Lithium-ion Battery Cathode Market Size & Outlook
The lithium-ion battery cathode industry worldwide is expected to reach a projected revenue of US$ 89,349.5 million by 2030. A compound annual growth rate of 19.9% is expected of the worldwide lithium-ion battery cathode industry from 2024 to 2030.
Revenue, 2023 (US$M)
$25,114.9
Forecast, 2030 (US$M)
$89,349.5
CAGR, 2024 - 2030
19.9%
Report Coverage
Worldwide
Global lithium-ion battery cathode market, 2018-2030 (US$M)
Related Markets
Global lithium-ion battery cathode market highlights
- The global lithium-ion battery cathode market generated a revenue of USD 25,114.9 million in 2023 and is expected to reach USD 89,349.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 19.9% by 2030.
- In terms of segment, cobalt accounted for a revenue of USD 7,705.9 million in 2023.
- Phosphate is the most lucrative chemical composition segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Paraguay is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 25,114.9 million |
| Market revenue in 2030 | USD 89,349.5 million |
| Growth rate | 19.9% (CAGR from 2023 to 2030) |
| Largest segment | Cobalt |
| Fastest growing segment | Phosphate |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cobalt, Manganese, Phosphate, Nickel Cobalt Manganese, Lithium Iron Phosphate |
Other key industry trends
- In terms of revenue, the North America accounted for 27.2% of the global lithium-ion battery cathode market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Paraguay is the fastest growing regional market and is projected to reach USD 108.8 million by 2030.
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Lithium-ion Battery Cathode Market Scope
Lithium-ion battery cathode market segmentation & scope
Lithium-ion Battery Cathode Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global lithium-ion battery cathode 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 lithium-ion battery cathode market will help companies and investors design strategic landscapes.
cobalt was the largest segment with a revenue share of 30.68% in 2023. Horizon Databook has segmented the Global lithium-ion battery cathode market based on cobalt, manganese, phosphate, nickel cobalt manganese, lithium iron phosphate covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Lithium-ion Battery Cathode Chemical Composition Outlook (Revenue, USD Million, 2018-2030)
- Cobalt
- Manganese
- Phosphate
- Nickel Cobalt Manganese
- Lithium Iron Phosphate
- Global Lithium-ion Battery Cathode Cell Type Outlook (Revenue, USD Million, 2018-2030)
- Polymer
- Cylindrical
- Prismatic
- Global Lithium-ion Battery Cathode End Use Outlook (Revenue, USD Million, 2018-2030)
- Consumer electronics
- Medical devices
- Energy Storage
- Automotive
- Industrial
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Horizon Databook provides a detailed overview of global-level data and insights on the Global lithium-ion battery cathode market , including forecasts for subscribers. This global databook contains high-level insights into Global lithium-ion battery cathode market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global lithium-ion battery cathode market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Lithium-ion battery cathode market size, 2023 (USD Million)
Top 10 countries: Lithium-ion battery cathode market size, 2023 (USD Million)
Global lithium-ion battery cathode market, by region, 2023 (US$M)
Related regional statistics
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