North America Lithium-ion Battery Cathode Market Size & Outlook

The lithium-ion battery cathode market in North America is expected to reach a projected revenue of US$ 25,178.7 million by 2030. A compound annual growth rate of 20.5% is expected of North America lithium-ion battery cathode market from 2024 to 2030.
Revenue, 2023 (US$M)
$6,843.8
Forecast, 2030 (US$M)
$25,178.7
CAGR, 2024 - 2030
20.5%
Report Coverage
North America

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

North

North America lithium-ion battery cathode market highlights

  • The North America lithium-ion battery cathode market generated a revenue of USD 6,843.8 million in 2023.
  • The market is expected to grow at a CAGR of 20.5% from 2024 to 2030.
  • In terms of segment, nickel cobalt manganese 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, Canada is expected to register the highest CAGR from 2024 to 2030.


North America data book summary

Market revenue in 2023USD 6,843.8 million
Market revenue in 2030USD 25,178.7 million
Growth rate20.5% (CAGR from 2023 to 2030)
Largest segmentNickel cobalt manganese
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, North America region accounted for 27.2% 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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North 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.


Nickel cobalt manganese was the largest segment with a revenue share of 31.32% in 2023. Horizon Databook has segmented the North 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 North America lithium-ion battery cathode market , including forecasts for subscribers. This continent databook contains high-level insights into North America lithium-ion battery cathode market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

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

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

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