Lithium-ion Battery Cathode Market Growth Rate, Future Trends and Challenges, Major Drivers and Opportunities to 2029
September 12, 2019 by Amanpreet
The lithium-ion battery cathode market operates amid a high degree of consolidation with only a handful of players operating in the top tier. The leading players accounting for ~50% of the total lithium-ion battery cathode market shares, include Umicore SA, BASF SE, and Sumitomo Chemicals.
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Low competency in terms of excessive heat tolerance will remain the key restraint paling the high popularity of lithium-ion battery cathode, which incites manufacturers to foster innovation in the landscape and move the quality gradient of the lithium-ion battery cathodes to higher scales. Manufacturers of Li-sulfur batteries, however, are likely to claim a share in sales, solely closed by lithium-ion batteries, in light of their lighter weight, lower costs, and capability to store twofold energy, when compared to Li-ion batteries.
The production of lithium-ion battery cathodes relies on a streamlined supply of raw minerals and processed functional materials. However, the depletion of mineral reserves in countries, such as India, Philippines, Vietnam, Mexico, Argentina, and Indonesia, is likely to deter the growth of the lithium-ion battery cathode market.
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