Cathode Materials Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Cathode Materials Market Report is Segmented by Battery Type (Lead Acid, Lithium-Ion, and Other Battery Types), Material (Lithium Iron Phosphate, Lithium Cobalt Oxide, Lithium-Nickel Manganese, Lithium Manganese Oxide, Lithium Cobalt Nickel, Aluminum Oxide, Lead Dioxide, and Other Materials), Application (Automotive, Consumer Electronics, Power Tools, Energy Storage, and Other Applications) and Geography (Asia-Pacific, North America, Europe, and Rest of the World). The Report Offers the Market Sizes and Forecasts for Cathode Material in Terms of Value (USD) for all the Above Segments.

Cathode Materials Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Cathode Material Market Size

Cathode Material Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 31.20 Billion
Market Size (2030) USD 60.08 Billion
CAGR (2025 - 2030) 14.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Cathode Material Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Cathode Material Market Analysis

The Cathode Material Market size is estimated at USD 31.20 billion in 2025, and is expected to reach USD 60.08 billion by 2030, at a CAGR of greater than 14% during the forecast period (2025-2030).

The COVID-19 pandemic had a mixed impact on the global cathode materials market. While there was a temporary slowdown in the manufacturing and automotive sectors, which are major consumers of cathode materials, the growth in electric vehicles (EVs) and renewable energy sectors remained strong. Nevertheless, in 2021, the industry showed signs of recovery and consequently increased its market demand again.

  • Over the medium term, increasing demand from electric vehicle manufacturers and increasing demand from consumer electronics are some of the factors driving the growth of the market studied.
  • On the flip side, the stringent safety regulations for batteries through storage and transportation are restraints for the market's growth.
  • However, the ongoing research and advancement in cathode material and efficient electrolytes may offer opportunities for market growth.
  • Asia-Pacific dominates the market, owing to the growing application of cathode material in the automotive industry, which augments the demand for cathode material.

Cathode Material Industry Overview

The cathode material market is partially fragmented in nature, with a number of players operating in the market. Some of the major companies in the market (not in any particular order) are Sumitomo Metal Mining Co. Ltd, Johnson Matthey, BASF SE, Targray, and Umicore.

Cathode Material Market Leaders

  1. Sumitomo Metal Mining Co., Ltd.

  2. Johnson Matthey

  3. BASF SE

  4. Targray

  5. Umicore

  6. *Disclaimer: Major Players sorted in no particular order
Cathode Materials Market Concentration
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Cathode Material Market News

  • February 2024: POSCO announced the construction of the world's largest battery cathode plant cluster for producing cathode materials for nickel, cobalt, and aluminum (NCA) batteries in Gwangyang. The plant will have a production capacity of 52,500-ton cathode materials.
  • December 2023: LG Chem started construction for America's largest cathode plant in Tennessee, United States, with a production capacity of 60,000-ton annual production capacity
  • October 2023: Umicore announced the expansion of its EV battery materials production by increasing its production capacity for cathode active materials (CAM) and precursor cathode active materials (PCAM) at its plant in Ontario, Canada.

Cathode Materials Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing demand from Automotive Industry
    • 4.1.2 Increasing Production of Electronics Products
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Safety Issues with Transportation and Storage
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 By Battery Type
    • 5.1.1 Lead-Acid
    • 5.1.2 Lithium-Ion
    • 5.1.3 Other Battery Types (Alkaline Battery, Nickel Cadmium Battery, etc)
  • 5.2 By Material
    • 5.2.1 Lithium Iron Phosphate
    • 5.2.2 Lithium Cobalt Oxide
    • 5.2.3 Lithium-Nickel Manganese Cobalt
    • 5.2.4 Lithium Manganese Oxide
    • 5.2.5 Lithium Nickel Cobalt Aluminium Oxide
    • 5.2.6 Lead Dioxide
    • 5.2.7 Other Materials (Sodium Iron Phosphate, Oxyhydroxide, and Graphite)
  • 5.3 By Application
    • 5.3.1 Automotive
    • 5.3.2 Consumer Electronics
    • 5.3.3 Power Tools
    • 5.3.4 Energy Storage
    • 5.3.5 Other Applications (Medical Devices, Aerospace Components, etc)
  • 5.4 By Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Malaysia
    • 5.4.1.6 Thailand
    • 5.4.1.7 Indonesia
    • 5.4.1.8 Vietnam
    • 5.4.1.9 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 Italy
    • 5.4.3.4 France
    • 5.4.3.5 Spain
    • 5.4.3.6 NORDIC Countries
    • 5.4.3.7 Turkey
    • 5.4.3.8 Russia
    • 5.4.3.9 Rest of Europe
    • 5.4.4 Rest of the World
    • 5.4.4.1 South America
    • 5.4.4.2 Middl East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 3M
    • 6.4.2 BASF SE
    • 6.4.3 Hitachi Ltd
    • 6.4.4 Johnson Matthey
    • 6.4.5 LG Chem
    • 6.4.6 Mitsubishi Chemical Corporation
    • 6.4.7 MITSUI MINING & SMELTING CO. LTD
    • 6.4.8 POSCO FUTURE M
    • 6.4.9 PROTERIAL, Ltd.
    • 6.4.10 Sumitomo Metal Mining Co. Ltd
    • 6.4.11 Targray
    • 6.4.12 Umicore
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Advancement in Cathode Material and Efficient Electrolyte
  • 7.2 Other Opportunities
**Subject to Availability
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Cathode Material Indsutry Segmentation

Cathode materials are used as voltage-limiting and energy-limiting electrodes in batteries. Cathode materials are widely used in lithium-ion batteries for energy storage, and commonly used batteries have cathode materials as a major component.

The cathode material market is segmented by battery type, material, application, and geography. By battery type, the market is segmented into lead-acid, lithium-ion, and other battery types (alkaline battery, nickel-cadmium battery, etc.). By material, the market is segmented into lithium iron phosphate, lithium cobalt oxide, lithium-nickel manganese, lithium manganese oxide, lithium cobalt nickel, aluminum oxide, lead dioxide, and other materials (sodium iron phosphate, oxyhydroxide, and graphite). By application, the market is segmented into automotive, consumer electronics, power tools, energy storage, and other applications (medical devices, aerospace components, etc). The report also covers the market size and forecasts for the market in 18 countries worldwide. For each segment, the market sizing and forecasts are provided in terms of value (USD).

By Battery Type Lead-Acid
Lithium-Ion
Other Battery Types (Alkaline Battery, Nickel Cadmium Battery, etc)
By Material Lithium Iron Phosphate
Lithium Cobalt Oxide
Lithium-Nickel Manganese Cobalt
Lithium Manganese Oxide
Lithium Nickel Cobalt Aluminium Oxide
Lead Dioxide
Other Materials (Sodium Iron Phosphate, Oxyhydroxide, and Graphite)
By Application Automotive
Consumer Electronics
Power Tools
Energy Storage
Other Applications (Medical Devices, Aerospace Components, etc)
By Geography Asia-Pacific China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Spain
NORDIC Countries
Turkey
Russia
Rest of Europe
Rest of the World South America
Middl East and Africa
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Cathode Materials Market Research FAQs

How big is the Cathode Material Market?

The Cathode Material Market size is expected to reach USD 31.20 billion in 2025 and grow at a CAGR of greater than 14% to reach USD 60.08 billion by 2030.

What is the current Cathode Material Market size?

In 2025, the Cathode Material Market size is expected to reach USD 31.20 billion.

Who are the key players in Cathode Material Market?

Sumitomo Metal Mining Co., Ltd., Johnson Matthey, BASF SE, Targray and Umicore are the major companies operating in the Cathode Material Market.

Which is the fastest growing region in Cathode Material Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Cathode Material Market?

In 2025, the Asia Pacific accounts for the largest market share in Cathode Material Market.

What years does this Cathode Material Market cover, and what was the market size in 2024?

In 2024, the Cathode Material Market size was estimated at USD 26.83 billion. The report covers the Cathode Material Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Cathode Material Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Cathode Materials Industry Report

Statistics for the 2025 Cathode Material market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cathode Material analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.