The report "Cathode Materials Market by Battery Type (Lead-acid, Lithium-ion, Nickel-cadmium (NiCd)), Material (Lithium-ion (LFP, LCO, NMC, NCA, LMO), Lead Dioxide), End Use (Automotive, Consumer Electronics, Industrial), and Region - Global Forecast to 2030", cathode materials market is projected to grow from USD 37.78 billion in 2025 to USD 65.15 billion by 2030, at a CAGR of 11.5% during the forecast period. The report provides a detailed assessment of market size, share, cathode materials market trends, revenue, consumption patterns, growth, cost structures, and competitive positioning over the forecast period 2026-2030.
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160 - Tables
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180 - Pages
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Cathode materials serve as the positive electrode in rechargeable batteries and play a decisive role in determining a cell's energy density, voltage profile, cycle life, and overall safety. Key chemistries include nickel-rich lithium nickel manganese cobalt oxide (NMC), lithium nickel cobalt aluminum oxide (NCA), lithium iron phosphate (LFP), and lead dioxide for lead-acid systems, each offering a different balance of cost, stability, and performance. The market is expanding rapidly as electric and hybrid vehicles demand higher-capacity, longer-lasting batteries to meet stricter emission and range requirements. At the same time, the consumer electronics sector, including smartphones, laptops, and wearables, provides consistent, large-scale demand for compact, high-efficiency power sources. Growth is further supported by renewable energy storage installations, which rely on advanced lithium-ion technologies to stabilize power grids. Continuous improvements in particle engineering and coating techniques enhance conductivity and thermal stability, while government incentives and recycling initiatives help secure critical raw materials such as nickel, cobalt, and lithium. These combined technological advances, policy measures, and end-use trends are driving the cathode materials market, positioning it as a pivotal component in the global transition toward electrified transportation and low-carbon energy solutions.
The lithium-ion segment is expected to account for the largest share of the cathode materials market, by battery type, during the forecast period
The lithium-ion battery segment is anticipated to hold the largest market share by battery type in the cathode materials industry because of its superior energy density, long cycle life, and ability to deliver consistent power across a wide range of applications. Lithium-ion chemistry offers high voltage and excellent charge–discharge efficiency, making it the preferred choice for electric vehicles, plug-in hybrids, and hybrid electric vehicles that require lightweight packs with extended driving range. Its dominance also extends to consumer electronics—smartphones, laptops, tablets, and wearables—where compact form factors and fast-charging capabilities are essential. In addition, the rapid expansion of stationary energy storage systems for renewable integration and grid balancing further amplifies demand. Advances in cathode formulations such as nickel-rich NMC and cobalt-free options, combined with improvements in manufacturing scale and recycling technologies, have reduced costs and improved supply security, reinforcing lithium-ion's market leadership. Supportive government policies promoting clean energy adoption, coupled with rising investments in gigafactories and next-generation solid-state research, add further momentum. Together, these factors ensure that the lithium-ion segment not only maintains the largest share but also acts as a critical driver of overall growth in the global cathode materials market by setting performance and sustainability benchmarks for competing battery technologies.
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By end-use, the automotive segment is expected to account for the largest market share during the forecast period
The automotive segment is projected to command the largest market share in the cathode materials industry as electric mobility becomes a central focus for global transportation. Rapid adoption of battery electric vehicles, plug-in hybrids, and hybrid electric vehicles is creating an unprecedented need for high-performance lithium-ion batteries, where cathode materials determine energy density, driving range, and overall battery life. Automakers are scaling production of long-range EVs and commercial fleets, pushing demand for advanced chemistries such as nickel-rich NMC and high-voltage LFP that balance cost, safety, and performance. Government incentives, stricter emission regulations, and consumer preference for sustainable mobility are accelerating this shift, prompting massive investments in gigafactories and localized supply chains. At the same time, the growing adoption of electrified buses, trucks, and two-wheelers across both developed and emerging economies amplifies volume requirements. Continuous improvements in cathode design for faster charging and higher thermal stability further strengthen their role in automotive applications. As the largest and fastest-expanding end-use, the automotive sector not only drives overall cathode materials consumption but also sets performance and sustainability benchmarks, influencing R&D priorities and production strategies across the entire battery ecosystem.
Asia Pacific is projected to register the largest market share during the forecast period
Asia Pacific is expected to hold the largest market share in the cathode materials industry, supported by its dominant position in global battery production and fast-growing end-use sectors. The region is home to leading cell manufacturers and integrated supply chains that cater to the surging demand for electric vehicles, two-wheelers, and energy storage systems. Expanding EV adoption in key markets, coupled with government incentives for clean transportation and renewable energy storage, is creating a strong pull for high-performance lithium-ion batteries. Rapid industrialization and the continuous rise in consumer electronics manufacturing further amplify the requirement for advanced cathode chemistries with higher energy density and better cycle life. Local availability of key raw materials, combined with significant investments in gigafactories and research facilities, enables producers to scale quickly while maintaining competitive costs. Moreover, ongoing innovations, such as nickel-rich and cobalt-free cathodes, are being developed and commercialized across the region, reinforcing its leadership in next-generation battery technologies. These factors together make Asia Pacific the focal point for cathode materials demand, driving market growth and setting global benchmarks for capacity expansion, technological advancement, and supply security.
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Key Players
Some of the leading players in this market include XTC New Energy Materials (Xiamen) Co., Ltd. (China), Shenzhen Dynanonic Co., Ltd. (China), Hunan Yuneng New Energy Battery Materials Co., Ltd. (China), LANDF CORP. (South Korea), POSCO FUTURE M (South Korea), and BASF (Germany).
BASF (Germany)
BASF is a global chemical leader with operations in 92 countries and 235 production sites. Its diversified portfolio spans chemicals, materials, industrial solutions, nutrition & care, surface technologies, and agricultural solutions, serving industries such as automotive, construction, agriculture, consumer goods, and electronics across all major regions.
LANDF CORP. (South Korea)
LANDF CORP. manufactures cathode active materials for lithium-ion batteries, including NCM, NCO, and NMO, serving EVs, energy storage, and consumer electronics. The company operates two plants in Korea and maintains a strong presence in China through subsidiaries producing cathode materials and precursors.
Hunan Yuneng New Energy Battery Materials Co., Ltd. (China)
Hunan Yuneng is a leading Chinese producer of lithium-ion battery cathode materials, primarily lithium iron phosphate (LFP). Its products support EV and energy storage applications, with five manufacturing bases across Hunan, Guangxi, Sichuan, Guizhou, and Yunnan.
XTC New Energy Materials (Xiamen) Co., Ltd. (China)
XTC New Energy is a listed Chinese battery materials supplier offering lithium cobalt oxide, ternary cathodes, LFP, sodium-based materials, and hydrogen storage alloys. The company serves major global battery manufacturers, including CATL, BYD, Panasonic, Samsung, and LG Chem.
Shenzhen Dynanonic Co., Ltd. (China)
Founded in 2007, Shenzhen Dynanonic focuses on R&D and production of lithium-ion battery materials such as nano LFP and lithium supplements, mainly for new energy vehicles and energy storage systems, with a strong domestic market presence.
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Recent Developments of Cathode Materials Market
- In September 2025, BASF renewed its existing long-term cathode active materials (CAM) supply agreement with a third-party regarding supply from BASF’s CAM plant in Schwarzheide, Germany. The move strengthens its European positioning in the battery materials market.
- In September 2025, LG Chem formed a new partnership with Toyota Tsusho Corporation, a trading arm of the Toyota Group, by selling it a 25% stake in its Gumi cathode materials plant. The move strengthened LG Chem’s global supply chain and positioned Toyota Tsusho to supply cathode materials to North American battery makers.
- In July 2025, BASF and CATL entered into a global framework agreement centered on the development and supply of advanced cathode active materials (CAM). Under this arrangement, BASF will serve as a key CAM supplier to CATL, leveraging its diversified and localized global production network to support CATL’s international expansion.
- In July 2024, POSCO Future M and General Motors (GM) partnered to supply both cathode and anode materials for the Cadillac Lyriq—GM’s first electric vehicle to fully incorporate POSCO Future M’s battery components. The Lyriq features high-nickel NCMA cathodes and low-expansion natural graphite anodes developed by POSCO Future M. These advanced materials help improve the vehicle’s energy density, extend its driving range, and support faster charging times.
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Table of Contents - Major Key Points:
1. Study Coverage
2. Executive Summary
3. Research Methodology
4. Global Production Analysis
5. Value Chain and Supply-Chain Analysis
6. Market Dynamics
7. Competition by Type
8. Market Segmentation, By Grade
9. Market Segmentation, By Form
10. Regional Analysis
11. Corporate Profile
12. Conclusion...
