Global Lithium-ion Battery Cathode Market Size & Outlook
Global lithium-ion battery cathode market, 2018-2030 (US$M)
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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 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 size, by regions, 2018-2030 (US$M)
Top 10 countries: Lithium-ion battery cathode market size, 2023 (US$M)
Global lithium-ion battery cathode market share, by chemical composition, 2023 & 2030 (%, US$M)
Lithium-ion battery cathode market: Opportunity assessment by country
Global lithium-ion battery cathode market, by region, 2023 (US$M)
| Chemical Compositi... | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,106.8 | 5,514.3 | 4,408.3 | 5,188.7 | 6,013.0 | 6,843.8 | 7,656.5 | 8,809.5 | 10,372.3 | 12,453.9 | 15,456.4 | 19,607.2 | 25,178.7 | 20.5% |
| Europe | 2,250.3 | 2,990.6 | 2,366.3 | 2,756.6 | 3,161.6 | 3,561.3 | 3,943.0 | 4,486.5 | 5,221.8 | 6,215.7 | 7,620.0 | 9,551.5 | 12,106.9 | 19.1% |
| Asia Pacific | 8,224.3 | 11,005.9 | 8,769.1 | 10,287.2 | 11,882.0 | 13,479.2 | 15,030.3 | 17,224.8 | 20,192.8 | 24,210.6 | 29,897.1 | 37,792.8 | 48,355.9 | 20.0% |
| Latin America | 326.1 | 425.8 | 330.8 | 378.2 | 425.4 | 469.7 | 509.3 | 567.2 | 645.7 | 751.1 | 899.1 | 1,099.4 | 1,358.1 | 16.4% |
| MEA | 473.7 | 631.4 | 501.1 | 585.5 | 673.5 | 761.0 | 845.1 | 958.2 | 1,107.4 | 1,344.8 | 1,626.1 | 1,974.7 | 2,349.9 | 17.5% |
| Overall | 15,381.1 | 20,568.0 | 16,375.5 | 19,196.2 | 22,155.4 | 25,114.9 | 27,984.2 | 32,046.2 | 37,540.0 | 44,976.1 | 55,498.6 | 70,025.5 | 89,349.5 | 19.9% |
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