Global Lithium-ion Battery Cathode Materials Market Research Report 2025(Status and Outlook)

Report Overview

The performance of lithium-ion batteries primarily depends on the structure and properties of the battery materials. Lithium-ion battery materials mainly consist of cathode materials, anode materials, separators, and electrolytes, with the cathode and anode materials directly determining key performance parameters such as energy density and battery lifespan. These materials are therefore the critical factors affecting lithium-ion battery performance, with cathode materials alone accounting for nearly one-third of the battery cost. The global market for lithium-ion battery cathode materials is dominated by a concentration of producers from China, Japan, and South Korea, with these three countries together holding more than 80% of the global market share.

Cathode materials include lithium iron phosphate (LFP), ternary materials (NCM/NCA), lithium cobalt oxide (LCO), and lithium manganese oxide (LMO). They may adopt layered structures, such as lithium cobalt oxide (LiCoO₂), lithium nickel-cobalt-manganese oxide (NCM), and lithium nickel-cobalt-aluminum oxide (NCA), olivine-type structures such as lithium iron phosphate (LiFePO₄), or spinel-structured materials. These materials feature stable crystal frameworks that allow lithium ions to reversibly intercalate and deintercalate. Currently, lithium iron phosphate has the largest share among cathode materials and continues to grow.

Mainstream cathode materials differ in performance. Ternary materials and lithium iron phosphate offer comprehensive advantages over lithium cobalt oxide and lithium manganese oxide in terms of performance, lifespan, and safety. LFP and ternary materials each have distinct strengths: LFP benefits from low cost, long cycle life, and higher safety, with production expected to continue growing rapidly. Ternary materials, while more expensive, with shorter cycle life and lower safety, provide higher energy density and better low-temperature performance.

In China, during the first quarter of 2025, shipments of cathode materials reached 1 million tons, a year-on-year increase of 68%. Among these, lithium iron phosphate shipments reached 760,000 tons, up 94% year-on-year, accounting for 75.8% of total cathode material shipments and leading the industry’s growth. Ternary materials shipments reached 170,000 tons, up 11% year-on-year. Shipments of lithium cobalt oxide and lithium manganese oxide were 30,000 tons and 38,000 tons, respectively, increasing by 47% and 36% year-on-year. The share of lithium iron phosphate exceeded 75% for the first time, mainly driven by demand from energy storage and new energy vehicles.

The global Lithium-ion Battery Cathode Materials market size was estimated at USD XX million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of XX% during the forecast period.

This report offers a comprehensive and in-depth analysis of the global Lithium-ion Battery Cathode Materials market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.

The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.

A significant focus of this report lies in the competitive landscape of the global Lithium-ion Battery Cathode Materials market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.

In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Lithium-ion Battery Cathode Materials market.

Global Lithium-ion Battery Cathode Materials Market: Market Segmentation Analysis

This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.

A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.

Key Company

Umicore

Nichia

Hunan Yuleng New Energy Co., Ltd.

Dynanonic Co., Ltd.

Rongtong High-Tech Co., Ltd.

Ronbay Technology Co., Ltd.

Toda Kogyo

Reshine

L&F

ECOPRO

ShanShanTech

SAMSUNG SDI CO., LTD

LG Chem

Sumitomo

Targray

BASF

Mitsubishi

NEI Corporation

Wanrun New Energy Co., Ltd.

Lopal Technology Co., Ltd.

Tianjin BAMO Technology Co., Ltd.

Beijing Easpring Material Technology Co., Ltd.

CNGR Advanced Material Co., Ltd.

Youshan Technology Co., Ltd.

Gotion High-Tech Co., Ltd.

Jintang Technology Co., Ltd.

Anda Technology Co., Ltd.

Jiangxi Shenghua Technology Co., Ltd.

Nantong Rui Xiang New Material Co., Ltd.

BTR New Material Group Co., Ltd.

Market Segmentation (by Type)

Cobalt Lithium Oxide (LCO)

Lithium Manganese Oxide (LMO)

Lithium Iron Phosphate (LFP)

Ternary Materials

Sodium-ion Cathode Materials

Others

Market Segmentation (by Application)

Consumer Electronics

Power Battery

Energy Storage

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Lithium-ion Battery Cathode Materials Market

Overview of the regional outlook of the Lithium-ion Battery Cathode Materials Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Lithium-ion Battery Cathode Materials Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Lithium-ion Battery Cathode Materials, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come Show more