UK Lithium-ion Battery Cathode Market Size & Outlook
UK lithium-ion battery cathode market, 2018-2030 (US$M)
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UK lithium-ion battery cathode market highlights
- The UK lithium-ion battery cathode market generated a revenue of USD 803.0 million in 2023 and is expected to reach USD 2,632.0 million by 2030.
- The UK market is expected to grow at a CAGR of 18.5% 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.
Lithium-ion battery cathode market data book summary
| Market revenue in 2023 | USD 803.0 million |
| Market revenue in 2030 | USD 2,632.0 million |
| Growth rate | 18.5% (CAGR from 2023 to 2030) |
| Largest segment | Nickel cobalt manganese |
| Fastest growing segment | Phosphate |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cobalt, Manganese, Phosphate, Nickel Cobalt Manganese, Lithium Iron Phosphate |
| Key market players worldwide | Basf 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, UK accounted for 3.2% of the global lithium-ion battery cathode market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany lithium-ion battery cathode market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,064.2 million by 2030.
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Lithium-ion Battery Cathode Market Scope
Lithium-ion Battery Cathode Market Companies
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UK 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 31.74% in 2023. Horizon Databook has segmented the UK 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 country-level data and insights on the UK lithium-ion battery cathode market , including forecasts for subscribers. This country databook contains high-level insights into UK lithium-ion battery cathode market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK lithium-ion battery cathode market size, by chemical composition, 2018-2030 (US$M)
UK Lithium-ion Battery Cathode Market Outlook Share, 2023 & 2030 (US$M)
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