North America Cathode Material for Automotive Lithium-Ion Battery Market was valued at USD 0.80 Billion in 2022 and is projected to reach USD 2.10 Billion by 2030, growing at a CAGR of 13.00% from 2024 to 2030.
The demand for electric vehicles (EVs) is rising rapidly, and with this surge comes an increasing need for high-quality cathode materials for automotive lithium-ion batteries. These materials play a crucial role in enhancing the performance, efficiency, and lifespan of the batteries that power electric vehicles. As a result, industries across North America are focusing on improving the quality and availability of cathode materials to meet the growing requirements of the automotive sector.
One of the most sought-after cathode materials in North America is lithium nickel manganese cobalt oxide (NCM) and lithium iron phosphate (LFP). These materials offer a perfect balance of high energy density, long cycle life, and thermal stability. As automotive manufacturers continue to develop new and innovative EV models, there is an increasing demand for these materials in order to meet performance targets such as driving range, quick charging times, and durability. In fact, the North American market is projected to experience significant growth in the demand for these cathode materials over the next few years.
Furthermore, industries in the region are placing greater emphasis on sourcing sustainable materials for their cathode production. Companies are seeking eco-friendly alternatives that align with their sustainability goals while also maintaining the necessary performance standards. Recycling processes for lithium-ion batteries are also becoming a hot topic, with several companies actively working on developing cost-effective and scalable solutions to recycle cathode materials.
As the North American cathode material market evolves, technological advancements in material science will play a key role in meeting the region's automotive industry's needs. From improving the energy storage capacity to ensuring the materials are sourced responsibly, these innovations are set to shape the future of automotive batteries. The North American Cathode Material for Automotive Lithium-Ion Battery Market continues to expand rapidly, driven by the demand for greener, more efficient energy storage solutions.
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NEI Corporation
BASF SE
Mitsubishi Chemical Holdings Corporation
Hitachi Chemical Company Limited
Nichia Corporation
Umicore SA
Panasonic Corporation
3M
Johnson Matthey PLC
POSCO
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Cathode Material for Automotive Lithium-Ion Battery Market
Two-Wheeler
Passenger Car
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Cathode Material for Automotive Lithium-Ion Battery market share In 2023.
By Type
Lithiuma-Iron Phosphate
Lithiuma-Manganese Oxide
Lithium Nickel Cobalt Manganese/Lithium Nickel Manganese Cobalt
Lithium Titanium Oxide
Lithium Nickel Cobalt Aluminum Oxide
By Vehicle Technology
HEV
PHEV
BEV
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Cathode Material for Automotive Lithium-Ion Battery Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Cathode Material for Automotive Lithium-Ion Battery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Cathode Material for Automotive Lithium-Ion Battery Market, By Type
6. North America Cathode Material for Automotive Lithium-Ion Battery Market, By Application
7. North America Cathode Material for Automotive Lithium-Ion Battery Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Cathode Material for Automotive Lithium-Ion Battery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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