The global lithium-ion battery materials industry is projected to reach USD 26.45 billion by 2025 driven primarily by the end-user industries such as automotive and consumer electronics. The lithium-ion battery is witnessing the highest growth amongst all the battery type and is expected to show a similar trend over the estimated period. Lithium-ion battery chemistry is already competing comprehensively with traditional battery type, such as lead-acid battery type. Furthermore, currently, lithium-ion battery accounts for 60%-70% of the total battery market and is projected to reach 80% by the end of 2025.
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The global lithium-ion battery market stood around 50 GWh a decade ago and is estimated to surpass 250 GWh by the end of 2025. Falling prices of the lithium-ion cell have made this battery type the primary choice of many automotive and consumer electronics manufacturers across the globe. Furthermore, high rivalry in this market is expected to lower the price in terms of cost per kilowatt hour (kWh) which will add in the growth of lithium-ion battery materials market.
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Leading lithium-ion battery manufacturers are Samsung SDI, LG Chem, SONY, ATL, Tesla, Sanyo, Lishen, Coslight, BYD, Maxell, BAK, NEC, and GS Yuasa. Additionally, battery component suppliers play an important role in the global lithium-ion battery materials industry.
Key segments of the global lithium-ion battery materials market
Material Overview, 2015-2025 (USD Million)
- Lithium-cobalt-oxide battery (LCO)
- Lithium-iron-phosphate battery (LFP)
- Lithium-nickel-manganese-cobalt-oxide battery (NMC)
- Lithium-manganese -oxide battery (LMO)
- Lithium-nickel-cobalt-aluminum-oxide battery (NCA)
- Lithium Titanate Battery
- Natural graphite
- Synthetic graphite
Application Overview, 2015-2025 (USD Million)
- Grid Energy Storage
- Consumer Electronics
- Panasonic Corporation
- Asahi Kasei Corporation
- Sumitomo Corporation
- Toray Industries, Inc.
- LG Chem
- Showa Denko K.K.
- Kureha Corporation
- Mitsubishi Chemical Holdings Corporation
- Hitachi Chemical Company, Ltd.
- Targray Technology International, Inc.
- Contemporary Amperex Technology Co., Limited
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