Latin America Lithium-ion Battery Cathode Market Size & Outlook

The lithium-ion battery cathode market in Latin America is expected to reach a projected revenue of US$ 1,358.1 million by 2030. A compound annual growth rate of 16.4% is expected of Latin America lithium-ion battery cathode market from 2024 to 2030.
Revenue, 2023 (US$M)
$469.7
Forecast, 2030 (US$M)
$1,358.1
CAGR, 2024 - 2030
16.4%
Report Coverage
Latin America

Latin America lithium-ion battery cathode market, 2018-2030 (US$M)

Latin

Latin America lithium-ion battery cathode market highlights

  • The Latin America lithium-ion battery cathode market generated a revenue of USD 469.7 million in 2023.
  • The market is expected to grow at a CAGR of 16.4% from 2024 to 2030.
  • In terms of segment, cobalt was the largest revenue generating chemical composition in 2023.
  • Phosphate is the most lucrative chemical composition segment registering the fastest growth during the forecast period.
  • Country-wise, Colombia is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 469.7 million
Market revenue in 2030USD 1,358.1 million
Growth rate16.4% (CAGR from 2023 to 2030)
Largest segmentCobalt
Fastest growing segmentPhosphate
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCobalt, Manganese, Phosphate, Nickel Cobalt Manganese, Lithium Iron Phosphate
Key market players worldwideBasf SE, Samsung Electronics Co Ltd, Sumitomo Chemical Co Ltd, Umicore SA ADR, LG Chem, NEI Corporation, Nichia Corporation, POSCO Future M, Targray


Other key industry trends

  • In terms of revenue, Latin America region accounted for 1.9% of the global lithium-ion battery cathode market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • North America is the fastest growing regional market and is projected to reach USD 25,178.7 million by 2030.

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Lithium-ion Battery Cathode Market Companies

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Latin America 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 51.12% in 2023. Horizon Databook has segmented the Latin America 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.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America lithium-ion battery cathode market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America lithium-ion battery cathode market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America lithium-ion battery cathode market size, by country, 2018-2030 (US$M)

Latin America Lithium-ion Battery Cathode Market Outlook Share, 2023 & 2030 (US$M)

Latin America lithium-ion battery cathode market size, by country, 2018-2030 (US$M)

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