Frost Radar™: Lithium-Ion Battery Materials, 2025

The global lithium-ion battery materials market is in the growth stage, with many companies offering a wide range of products and materials. Developments are happening in the areas of next-gen materials, supply chain diversification and optimization, partnerships and collaborations, and recycling initiatives. It is becoming imperative for companies to carefully explore regional opportunities in terms of government support and incentives, raw material availability, and partnerships with suppliers and customers.

Companies in the battery material value chain that are concerned about sustainability and environmental impact are establishing recycling infrastructure for a circular economy. Leading market participants are focusing on the recovery of lithium, nickel, and cobalt from cathodes to minimize costs and improve material and process efficiency.

The battery materials market consists of more than 100 companies offering one or more materials. From these, Frost & Sullivan selected 14 conglomerates, large chemical companies, and pure-play battery material companies for additional benchmarking

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.