Watchers of Markets announce that it has added a new study Lithium Ion Battery Cathode Markets: Market Shares, Strategy, and Forecasts, worldwide, 2018 to 2024. The 2018 study has 222 pages, 100 tables and figures. Worldwide markets are poised to achieve continuing growth as the advantages brought by using new materials are used to decrease the cost of producing lithium ion batteries. The customization achieved by reducing the quantity of cobalt proportionally inside the cathode is a significant market growth driver.
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Lithium-ion Batteries at $100/kWh make EV’s cheaper than traditional gas-powered vehicles. As the new cathode technologies are applied to lithium ion batteries, the cost of lithium ion batteries will continue to decrease. Lithium-ion batteries aim to cost $100/kWh, – a cost that makes EVs cheaper than traditional gas-powered vehicles. Companies are targeting between $80/kWh and $100/kWh. Realistically companies will likely approach $100/kWh.
NMC lithium battery cathode materials are used for electric vehicles. As the cathode markets develop toward NMC, it is clear the LFP favored by Chinese manufacturers, not suitable for electric vehicles will lose market share. Current NMC ternary lithium-ion batteries from South Korean and Japanese makers typically employ a ratio of 60% nickel to 20% manganese, and 20% cobalt (6:2:2), but as that ratio moves to 8:1:1 in 2018 and beyond, the cathode is a key element in achieve vast cost efficiencies.
Table of Contents
NMC, Easpring, Fujitsu, Hitachi Chemical, JFE Techno-Research, L&F, LG Chem , Long Power Systems, Mitsubishi, NEI Corporation, Nichia, Panasonic, Pulead, Reshine, Samsung, Shanshan, SK innovation, SMM and more.
Read full report description at: https://watchersofmarkets.com/collections/wintergreen-research/products/lithium-ion-battery-cathodes-market-shares-strategy-and-forecasts-worldwide-2018-to-2024
Related Report:
Battery Materials Market by Battery Type (Lead-acid Lithium-ion) Material (Cathode Anode Electrolyte Separator) Application (Automotive EVs Portable Devices Industrial) and Region (APAC North America Europe RoW) – Global Forecast to 2023
The battery materials market is projected to grow from USD 43.50 billion in 2018 to USD 65.78 billion by 2023, at a CAGR of 8.62% between 2018 and 2023. The growing demand for battery materials for various battery types, such as lead-acid, lithium-ion, and others, is expected to fuel the growth of the battery materials market. However, stringent environmental regulations are expected to restrain the growth of the battery materials market during the forecast period.
Key companies profiled in this market research report include Umicore (Belgium), Asahi Kasei (Japan), Mitsubishi Chemical Holdings (Japan), POSCO (South Korea), Johnson Matthey (UK), Hitachi Chemical Company (Japan), Kureha Corporation (Japan), Sumitomo Corporation (Japan), Toray Industries (Japan), and Mitsui Mining & Smelting (Japan), among others.
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