Summary

The Lithium-ion battery materials market is projected to grow from USD 34.2 billion in 2023 to USD 97.5 billion by 2028, at a CAGR of 23.3% from 2023 to 2028. The market for lithium-ion battery materials is witnessing growth across different regions. Asia Pacific and North America are prominent markets. North America is growing rapidly due to increase in electric vehicle adoption and a growing renewable energy sector, while Asia Pacific is driven by electric vehicle expansion and a strong consumer electronics market, reflecting a strong demand for lithium-ion battery materials market.

“By battery chemistry, lithium iron phosphate (LFP) segment accounted for the second-largest share in lithium-ion battery materials market in 2022.”
The lithium iron phosphate (LFP) segment held the second-largest share in 2022. These lithium iron phosphate (LFP) battery chemists are known for their ability to maintain performance over a long time, which makes them a reliable choice for applications that require sustained power, particularly in stationary energy storage systems and electric buses. Additionally, their stable thermal behavior ensures they don't overheat, enhancing their safety in various uses. With a robust and enduring performance, LFP chemistry addresses safety concerns and offers cost-effective solutions for projects that require reliability and resilience.

“By material, the electrolyte material accounted for the second-largest share in lithium-ion battery materials market in 2022.”
The electrolyte material held the second-largest share in 2022. These materials facilitate the flow of ions between the battery's anode and cathode, allowing for efficient energy storage and release. Their significance is increased as the market experiences a rise in electric vehicles and renewable energy projects, where battery safety and performance are crucial. Electrolyte materials that offer high ionic conductivity, thermal stability, and non-flammable characteristics are particularly in demand, contributing to their substantial market presence. Electrolyte materials are essential for the evolving lithium-ion battery landscape, offering solutions that align with the growing needs of clean energy and transportation sectors.

“By application, the portable devices segment accounted for the second-largest share in lithium-ion battery materials market in 2022.”
The portable devices held the second-largest share in 2022. The fast growth of smartphones, laptops, and wearables, coupled with the ever-increasing demand for longer battery life and faster charging, enhances the importance of lithium-ion batteries. These batteries power everyday gadgets, offering high energy density, extended cycle life, and lightweight design, making them the ideal choice for portable electronics.

“The Lithium-ion battery materials market in North America accounted for the second-largest share in 2022.”
North America was the second-largest consumer of lithium-ion battery materials market in 2022. The region has witnessed a remarkable growth in electric vehicle (EV) adoption, propelled by growing environmental consciousness, government incentives, and increasing consumer demand for sustainable transportation. This surge in EV production and infrastructure development has driven substantial demand for Lithium-ion batteries. Furthermore, North America's growing consumer electronics sector and the ongoing expansion of renewable energy projects emphasize the importance of lithium-ion battery materials. The collective influence of these factors positions North America as a vital region in the Lithium-ion battery materials market.

Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 65%, Tier 2 –20%, and Tier 3 – 15%
• By Designation: C-level Executives – 25%, Directors – 30%, and Others – 45%
• By Region: North America – 30%, Europe –20%, Asia Pacific – 40%, Middle East & Africa-7%, South America –3%

The lithium-ion battery materials report is dominated by players, such as BASF SE (Germany), Umicore (Belgium), 3M (US), Sumitomo Metal Mining Co., Ltd. (Japan), Resonac Holding Corporation (Japan), and others.

Research Coverage:
The report defines, segments, and projects the size of the lithium-ion battery materials market based on battery chemistry, materials, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as joint ventures, collaborations, partnerships, acquisitions, agreements, investments, and expansions undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them with the closest approximations of revenue numbers of the lithium-ion battery materials market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (growth in the production of lithium-ion batteries, surge in demand for consumer electronics), restraints (substitute related to lithium-ion battery, safety concerns regarding the transportation and storage of lithium-ion battery), opportunities (growing R&D to enhance efficiency and upgrade the lithium-ion batteries, decline in the overall price of lithium-ion battery), and challenges (fluctuation in raw material prices) influencing the growth of the synthetic fuels market.

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the lithium-ion battery materials market.

• Market Development: Comprehensive information about lucrative markets – the report analyses the Lithium-ion battery materials market across varied regions.

• Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the lithium-ion battery materials market.

• Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players such as BASF SE (Germany), Umicore (Belgium), 3M (US), Sumitomo Metal Mining Co., Ltd. (Japan), Resonac Holding Corporation (Japan), POSCO FUTURE M (South Korea), Tanaka Chemical Corporation (Japan), Toda Kogyo Corp. (Japan), LANDF CORP. (South Korea), JFE Chemical Corporation (Japan), SGL Carbon (Germany), NEI Corporation (US), KUREHA CORPORATION (Japan), BTR New Material Group Co., Ltd. (China), UBE Corporation (Japan), and others in the lithium-ion battery materials market.

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Table of Contents

1 INTRODUCTION 36
1.1 STUDY OBJECTIVES 36
1.2 MARKET DEFINITION 36
1.2.1 INCLUSIONS AND EXCLUSIONS 37
TABLE 1 LITHIUM-ION BATTERY MATERIALS MARKET: INCLUSIONS AND EXCLUSIONS 37
1.3 MARKET SCOPE 37
FIGURE 1 LITHIUM-ION BATTERY MATERIALS MARKET SEGMENTATION 37
1.3.1 REGIONS COVERED 38
1.3.2 YEARS CONSIDERED 38
1.4 CURRENCY CONSIDERED 38
1.5 UNITS CONSIDERED 39
1.6 LIMITATIONS 39
1.7 STAKEHOLDERS 39
1.7.1 IMPACT OF RECESSION 39
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
FIGURE 2 LITHIUM-ION BATTERY MATERIALS MARKET: RESEARCH DESIGN 40
2.1.1 SECONDARY DATA 41
2.1.1.1 Key data from secondary sources 41
2.1.2 PRIMARY DATA 41
2.1.2.1 Key data from primary sources 41
2.1.2.2 Companies participating in primary research 42
2.1.2.3 Breakdown of primary interviews 42
2.2 DEMAND-SIDE MATRIX CONSIDERED 43
FIGURE 3 MAIN MATRIX CONSIDERED TO CONSTRUCT AND ASSESS DEMAND FOR LITHIUM-ION BATTERY MATERIALS 43
2.3 MARKET SIZE ESTIMATION 43
2.3.1 BOTTOM-UP APPROACH 44
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 44
2.3.2 TOP-DOWN APPROACH 44
FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 44
2.4 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM-ION BATTERY MATERIALS MARKET (1/2) 45
2.5 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM-ION BATTERY MATERIALS MARKET (2/2) 45
2.5.1 CALCULATIONS FOR SUPPLY-SIDE ANALYSIS 46
2.5.2 DATA TRIANGULATION 46
FIGURE 6 LITHIUM-ION BATTERY MATERIALS MARKET: DATA TRIANGULATION 46
2.5.3 GROWTH FORECAST 47
2.5.4 GROWTH RATE ASSUMPTIONS 47
2.5.5 RESEARCH ASSUMPTIONS 47
2.5.6 RESEARCH LIMITATIONS 48
2.5.7 RISK ANALYSIS 48
2.5.8 IMPACT OF RECESSION 48
3 EXECUTIVE SUMMARY 49
TABLE 2 LITHIUM-ION BATTERY MATERIALS MARKET SNAPSHOT: 2023 VS. 2028 49
FIGURE 7 CATHODE MATERIAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 50
FIGURE 8 LITHIUM NICKEL MANGANESE COBALT SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 51
FIGURE 9 ELECTRIC VEHICLES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 51
FIGURE 10 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD 52
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM-ION BATTERY MATERIALS MARKET 53
FIGURE 11 INCREASING DEMAND FROM ELECTRIC VEHICLE APPLICATIONS TO DRIVE MARKET 53
4.2 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION 53
FIGURE 12 ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 53
4.3 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL 54
FIGURE 13 CATHODE MATERIALS SEGMENT TO LEAD MARKET FROM 2023 TO 2028 54
4.4 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY 54
FIGURE 14 LITHIUM NICKEL MANGANESE COBALT SEGMENT TO LEAD MARKET BETWEEN 2023 AND 2028 54
4.5 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION 55
FIGURE 15 ELECTRIC VEHICLES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 55
5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 MARKET DYNAMICS 56
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN LITHIUM-ION BATTERY MATERIALS MARKET 56
5.2.1 DRIVERS 57
5.2.1.1 Growth in production of lithium-ion batteries 57
5.2.1.2 Surge in demand for consumer electronics 57
5.2.2 RESTRAINTS 57
5.2.2.1 Safety concerns regarding usage of gadgets or items installed with lithium-ion batteries 57
5.2.2.2 Availability of substitutes 58
5.2.3 OPPORTUNITIES 58
5.2.3.1 Growing R&D to enhance efficiency and upgrade lithium-ion batteries 58
5.2.3.2 Decline in overall prices 58
FIGURE 17 LITHIUM-ION BATTERY PACK PRICE, 2013–2021 59
5.2.4 CHALLENGES 59
5.2.4.1 Fluctuating raw material prices 59
FIGURE 18 LITHIUM CARBONATE PRICES FROM 2019–2022 59
5.3 PORTER’S FIVE FORCES ANALYSIS 60
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS 60
TABLE 3 LITHIUM-ION BATTERY MATERIALS MARKET: PORTER'S FIVE FORCES ANALYSIS 60
5.3.1 THREAT OF NEW ENTRANTS 61
5.3.2 THREAT OF SUBSTITUTES 61
5.3.3 BARGAINING POWER OF BUYERS 61
5.3.4 BARGAINING POWER OF SUPPLIERS 62
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 62
5.4 ECOSYSTEM 62
FIGURE 20 ECOSYSTEM MAP OF LITHIUM-ION BATTERY MATERIALS MARKET 63
TABLE 4 LITHIUM-ION BATTERY MATERIALS MARKET: ECOSYSTEM 64
5.5 VALUE CHAIN ANALYSIS 64
FIGURE 21 VALUE CHAIN ANALYSIS OF LITHIUM-ION BATTERY MATERIALS MARKET 64
5.5.1 RAW MATERIALS 65
5.6 TECHNOLOGY ANALYSIS 65
5.7 GLOBAL REGULATORY FRAMEWORK AND ITS IMPACT ON LITHIUM-ION BATTERY MATERIALS MARKET 66
5.7.1 REGULATIONS RELATED TO BATTERIES 66
5.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 5 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 6 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 7 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 8 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
5.8 CASE STUDY 68
5.8.1 RECYCLING OF LITHIUM-ION BATTERIES 68
5.9 KEY CONFERENCES AND EVENTS, 2023 AND 2024 69
TABLE 9 LITHIUM-ION BATTERY MATERIALS MARKET: CONFERENCES AND EVENTS, 2023–2024 69
5.10 PATENT ANALYSIS 69
5.10.1 METHODOLOGY 69
FIGURE 22 LIST OF MAJOR PATENTS FOR LITHIUM-ION BATTERY MATERIALS 70
5.10.2 MAJOR PATENTS 70
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 71
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 71
FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 71
TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%) 72
5.11.2 BUYING CRITERIA 72
FIGURE 24 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 72
TABLE 11 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 72
5.12 TRADE ANALYSIS, IMPORT-EXPORT SCENARIO 73
5.12.1 EXPORT SCENARIO 73
TABLE 12 LITHIUM-ION BATTERIES EXPORT TRADE DATA 73
5.12.2 IMPORT SCENARIO 73
TABLE 13 LITHIUM-ION BATTERIES IMPORT TRADE DATA 73
5.13 PRICING ANALYSIS 74
5.13.1 AVERAGE SELLING PRICE FOR LITHIUM-ION BATTERY, BY APPLICATION 74
FIGURE 25 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY, BY APPLICATION 74
5.13.2 AVERAGE SELLING PRICE FOR LITHIUM-ION BATTERY PACK, BY REGION 75
FIGURE 26 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACK, BY REGION 75
5.13.3 AVERAGE SELLING PRICE FOR LITHIUM-ION BATTERY, OF MARKET PLAYERS BY BATTERY CHEMISTRY 75
FIGURE 27 AVERAGE SELLING PRICE FOR LITHIUM-ION BATTERY, OF MARKET PLAYERS BY BATTERY CHEMISTRY 75
6 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION 76
6.1 INTRODUCTION 77
FIGURE 28 ELECTRIC VEHICLES SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD 77
TABLE 14 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 77
TABLE 15 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 78
TABLE 16 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (KILOTON) 78
TABLE 17 LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2028 (KILOTON) 78
6.2 PORTABLE DEVICES 79
6.2.1 RAPID TECHNOLOGICAL CHANGES TO DRIVE DEMAND 79
TABLE 18 PORTABLE DEVICES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 79
TABLE 19 PORTABLE DEVICES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 79
TABLE 20 PORTABLE DEVICES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 79
TABLE 21 PORTABLE DEVICES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 80
6.3 ELECTRIC VEHICLES 80
6.3.1 GOVERNMENT REGULATIONS AND INCENTIVES PROMOTING CLEAN ENERGY SOLUTIONS TO DRIVE SEGMENT 80
TABLE 22 ELECTRIC VEHICLES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 80
TABLE 23 ELECTRIC VEHICLES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 81
TABLE 24 ELECTRIC VEHICLES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 81
TABLE 25 ELECTRIC VEHICLES: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 81
6.4 INDUSTRIAL 82
6.4.1 FOCUS ON ENVIRONMENTAL SAFETY AND DURABILITY OF EQUIPMENT TO INCREASE DEMAND 82
TABLE 26 INDUSTRIAL: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 82
TABLE 27 INDUSTRIAL: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 82
TABLE 28 INDUSTRIAL: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 83
TABLE 29 INDUSTRIAL: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 83
6.5 OTHER APPLICATIONS 83
TABLE 30 OTHER APPLICATIONS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 83
TABLE 31 OTHER APPLICATIONS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 84
TABLE 32 OTHER APPLICATIONS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 84
TABLE 33 OTHER APPLICATIONS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 84
7 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY 85
7.1 INTRODUCTION 86
FIGURE 29 LITHIUM NICKEL MANGANESE COBALT SEGMENT TO BE LARGEST MARKET DURING FORECAST PERIOD 86
TABLE 34 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (USD MILLION) 86
TABLE 35 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2028 (USD MILLION) 87
TABLE 36 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (KILOTON) 87
TABLE 37 LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2028 (KILOTON) 87
7.2 LITHIUM IRON PHOSPHATE 88
7.2.1 COST-EFFECTIVENESS TO INCREASE DEMAND 88
TABLE 38 LITHIUM IRON PHOSPHATE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 88
TABLE 39 LITHIUM IRON PHOSPHATE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 88
TABLE 40 LITHIUM IRON PHOSPHATE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 88
TABLE 41 LITHIUM IRON PHOSPHATE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 89
7.3 LITHIUM COBALT OXIDE 89
7.3.1 HIGH ENERGY DENSITY TO DRIVE DEMAND 89
TABLE 42 LITHIUM COBALT OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 89
TABLE 43 LITHIUM COBALT OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 90
TABLE 44 LITHIUM COBALT OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 90
TABLE 45 LITHIUM COBALT OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 90
7.4 LITHIUM NICKEL MANGANESE COBALT 91
7.4.1 STABILITY AND HIGH CHARGE & DISCHARGE LIFE TO DRIVE MARKET 91
TABLE 46 LITHIUM NICKEL MANGANESE COBALT: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 91
TABLE 47 LITHIUM NICKEL MANGANESE COBALT: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 91
TABLE 48 LITHIUM NICKEL MANGANESE COBALT: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 92
TABLE 49 LITHIUM NICKEL MANGANESE COBALT: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 92
7.5 LITHIUM MANGANESE OXIDE 92
7.5.1 EXCELLENT SAFETY CHARACTERISTICS TO DRIVE MARKET 92
TABLE 50 LITHIUM MANGANESE OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 92
TABLE 51 LITHIUM MANGANESE OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 93
TABLE 52 LITHIUM MANGANESE OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 93
TABLE 53 LITHIUM MANGANESE OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 93
7.6 LITHIUM NICKEL COBALT ALUMINUM OXIDE 94
7.6.1 LARGE NUMBER OF CHARGE AND DISCHARGE CYCLES BEFORE CAPACITY DEGRADATION TO DRIVE MARKET 94
TABLE 54 LITHIUM NICKEL COBALT ALUMINUM OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 94
TABLE 55 LITHIUM NICKEL COBALT ALUMINUM OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 94
TABLE 56 LITHIUM NICKEL COBALT ALUMINUM OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 94
TABLE 57 LITHIUM NICKEL COBALT ALUMINUM OXIDE: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 95
8 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL 96
8.1 INTRODUCTION 97
FIGURE 30 CATHODE MATERIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD 97
TABLE 58 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 97
TABLE 59 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 97
TABLE 60 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 98
TABLE 61 LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 98
8.2 ANODE MATERIALS 98
8.2.1 GROWING DEMAND FOR LITHIUM-ION BATTERIES 98
TABLE 62 ANODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 98
TABLE 63 ANODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 99
TABLE 64 ANODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 99
TABLE 65 ANODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 99
8.3 CATHODE MATERIALS 100
8.3.1 GROWING DEMAND FOR ELECTRIC VEHICLES 100
TABLE 66 CATHODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 100
TABLE 67 CATHODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 100
TABLE 68 CATHODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 100
TABLE 69 CATHODE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 101
8.4 ELECTROLYTE MATERIALS 101
8.4.1 ENHANCEMENT OF OVERALL OUTPUT OF LITHIUM-ION BATTERY 101
TABLE 70 ELECTROLYTE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 101
TABLE 71 ELECTROLYTE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 101
TABLE 72 ELECTROLYTE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 102
TABLE 73 ELECTROLYTE MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 102
8.5 OTHER MATERIALS 102
TABLE 74 OTHER MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 102
TABLE 75 OTHER MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 103
TABLE 76 OTHER MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 103
TABLE 77 OTHER MATERIALS: LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 103
9 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION 104
9.1 INTRODUCTION 105
FIGURE 31 ASIA PACIFIC TO LEAD LITHIUM-ION BATTERY MATERIALS MARKET DURING FORECAST PERIOD 105
TABLE 78 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (USD MILLION) 105
TABLE 79 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (USD MILLION) 105
TABLE 80 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2018–2022 (KILOTON) 106
TABLE 81 LITHIUM-ION BATTERY MATERIALS MARKET, BY REGION, 2023–2028 (KILOTON) 106
9.2 NORTH AMERICA 106
9.2.1 RECESSION IMPACT 106
FIGURE 32 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET SNAPSHOT 107
TABLE 82 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 107
TABLE 83 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 108
TABLE 84 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 108
TABLE 85 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 108
TABLE 86 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 108
TABLE 87 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 109
TABLE 88 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 109
TABLE 89 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 109
TABLE 90 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (USD MILLION) 110
TABLE 91 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2028 (USD MILLION) 110
TABLE 92 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (KILOTON) 110
TABLE 93 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2028 (KILOTON) 111
TABLE 94 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 111
TABLE 95 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 111
TABLE 96 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (KILOTON) 112
TABLE 97 NORTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2028 (KILOTON) 112
9.2.2 US 112
9.2.2.1 Demand growth of electric vehicles and portable electronic devices to drive market 112
TABLE 98 US: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 113
TABLE 99 US: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 113
TABLE 100 US: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 113
TABLE 101 US: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 113
9.2.3 CANADA 114
9.2.3.1 Increasing government investments in electric vehicle industry to create growth opportunities 114
TABLE 102 CANADA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 114
TABLE 103 CANADA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 114
TABLE 104 CANADA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 114
TABLE 105 CANADA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 115
9.2.4 MEXICO 115
9.2.4.1 Growing use in manufacturing sector to drive market 115
TABLE 106 MEXICO: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 115
TABLE 107 MEXICO: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 115
TABLE 108 MEXICO: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 116
TABLE 109 MEXICO: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 116
9.3 EUROPE 116
9.3.1 RECESSION IMPACT 117
FIGURE 33 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET SNAPSHOT 117
TABLE 110 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 117
TABLE 111 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 118
TABLE 112 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 118
TABLE 113 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 118
TABLE 114 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 119
TABLE 115 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 119
TABLE 116 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 119
TABLE 117 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 120
TABLE 118 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (USD MILLION) 120
TABLE 119 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2028 (USD MILLION) 120
TABLE 120 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (KILOTON) 121
TABLE 121 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2028 (KILOTON) 121
TABLE 122 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 121
TABLE 123 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 122
TABLE 124 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (KILOTON) 122
TABLE 125 EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2028 (KILOTON) 122
9.3.2 GERMANY 123
9.3.2.1 Growing initiatives for renewable and electric vehicle sectors to influence market growth 123
TABLE 126 GERMANY: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 123
TABLE 127 GERMANY: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 123
TABLE 128 GERMANY: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 124
TABLE 129 GERMANY: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 124
9.3.3 UK 124
9.3.3.1 Growing sales of electric vehicles to increase demand for lithium-ion batteries. 124
TABLE 130 UK: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 124
TABLE 131 UK: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 125
TABLE 132 UK: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 125
TABLE 133 UK: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 125
 
9.3.4 FRANCE 126
9.3.4.1 Government initiatives to lower CO2 emissions to drive market 126
TABLE 134 FRANCE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 126
TABLE 135 FRANCE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 126
TABLE 136 FRANCE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 126
TABLE 137 FRANCE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 127
9.3.5 REST OF EUROPE 127
TABLE 138 REST OF EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 127
TABLE 139 REST OF EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 127
TABLE 140 REST OF EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 128
TABLE 141 REST OF EUROPE: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 128
9.4 ASIA PACIFIC 128
9.4.1 RECESSION IMPACT 128
FIGURE 34 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET SNAPSHOT 129
TABLE 142 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 129
TABLE 143 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 130
TABLE 144 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 130
TABLE 145 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 130
TABLE 146 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 131
TABLE 147 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 131
TABLE 148 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 131
TABLE 149 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 132
TABLE 150 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (USD MILLION) 132
TABLE 151 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2028 (USD MILLION) 132
TABLE 152 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (KILOTON) 133
TABLE 153 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2028 (KILOTON) 133
TABLE 154 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 133
TABLE 155 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 134
TABLE 156 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (KILOTON) 134
TABLE 157 ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2028 (KILOTON) 134
9.4.2 CHINA 134
9.4.2.1 Growing production for electric vehicles to drive demand 134
TABLE 158 CHINA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 135
TABLE 159 CHINA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 135
TABLE 160 CHINA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 135
TABLE 161 CHINA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 135
9.4.3 JAPAN 136
9.4.3.1 Presence of leading lithium-ion battery manufacturers to drive market 136
TABLE 162 JAPAN: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 136
TABLE 163 JAPAN: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 136
TABLE 164 JAPAN: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 136
TABLE 165 JAPAN: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 137
9.4.4 INDIA 137
9.4.4.1 Development of smart cities and demand growth of electric vehicles to drive market 137
TABLE 166 INDIA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 137
TABLE 167 INDIA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 137
TABLE 168 INDIA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 138
TABLE 169 INDIA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 138
9.4.5 SOUTH KOREA 138
9.4.5.1 Initiative to increase production of electric vehicles to drive market 138
TABLE 170 SOUTH KOREA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 138
TABLE 171 SOUTH KOREA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 139
TABLE 172 SOUTH KOREA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 139
TABLE 173 SOUTH KOREA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 139
9.4.6 REST OF ASIA PACIFIC 140
TABLE 174 REST OF ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 140
TABLE 175 REST OF ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 140
TABLE 176 REST OF ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 140
TABLE 177 REST OF ASIA PACIFIC: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 141
9.5 REST OF WORLD 141
TABLE 178 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 141
TABLE 179 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 141
TABLE 180 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 142
TABLE 181 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 142
TABLE 182 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 142
TABLE 183 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 142
TABLE 184 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 143
TABLE 185 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 143
TABLE 186 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (USD MILLION) 143
TABLE 187 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2028 (USD MILLION) 144
TABLE 188 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (KILOTON) 144
TABLE 189 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY BATTERY CHEMISTRY, 2023–2028 (KILOTON) 144
TABLE 190 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 145
TABLE 191 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 145
TABLE 192 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2018–2022 (KILOTON) 145
TABLE 193 REST OF WORLD: LITHIUM-ION BATTERY MATERIALS MARKET, BY APPLICATION, 2023–2028 (KILOTON) 146
9.5.1 SOUTH AMERICA 146
9.5.1.1 Growing investments in energy storage and electric vehicles to create huge market potential. 146
TABLE 194 SOUTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 146
TABLE 195 SOUTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 146
TABLE 196 SOUTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 147
TABLE 197 SOUTH AMERICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 147
9.5.2 MIDDLE EAST & AFRICA 147
9.5.2.1 Consumer goods and automobile sectors to drive demand 147
TABLE 198 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 147
TABLE 199 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 148
TABLE 200 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2018–2022 (KILOTON) 148
TABLE 201 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY MATERIALS MARKET, BY MATERIAL, 2023–2028 (KILOTON) 148
10 COMPETITIVE LANDSCAPE 149
10.1 INTRODUCTION 149
10.2 STRATEGIES ADOPTED BY KEY PLAYERS 149
10.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS 149
10.3 REVENUE ANALYSIS 150
FIGURE 35 REVENUE ANALYSIS OF KEY COMPANIES (2018–2022) 150
10.4 MARKET SHARE ANALYSIS 151
10.4.1 RANKING OF KEY MARKET PLAYERS, 2022 151
FIGURE 36 RANKING OF TOP FIVE PLAYERS IN LITHIUM-ION BATTERY MATERIALS MARKET, 2022 151
10.4.2 MARKET SHARE OF KEY PLAYERS 151
FIGURE 37 LITHIUM-ION BATTERY MATERIALS MARKET SHARE ANALYSIS 152
TABLE 202 LITHIUM-ION BATTERY MATERIALS MARKET: DEGREE OF COMPETITION 152
10.5 COMPANY EVALUATION MATRIX (TIER 1) 154
10.5.1 STARS 154
10.5.2 EMERGING LEADERS 154
10.5.3 PERVASIVE PLAYERS 154
10.5.4 PARTICIPANTS 154
FIGURE 38 COMPANY EVALUATION QUADRANT: LITHIUM-ION BATTERY MATERIALS MARKET (TIER 1 COMPANIES) 155
10.5.5 COMPANY FOOTPRINT 156
FIGURE 39 LITHIUM-ION BATTERY MATERIALS MARKET: COMPANY FOOTPRINT 156
TABLE 203 LITHIUM-ION BATTERY MATERIALS MARKET: APPLICATION FOOTPRINT 157
TABLE 204 LITHIUM-ION BATTERY MATERIALS MARKET: MATERIAL FOOTPRINT 158
TABLE 205 LITHIUM-ION BATTERY MATERIALS MARKET: COMPANY REGION FOOTPRINT 159
10.6 START-UPS/SMES EVALUATION MATRIX 160
10.6.1 PROGRESSIVE COMPANIES 160
10.6.2 RESPONSIVE COMPANIES 160
10.6.3 DYNAMIC COMPANIES 160
10.6.4 STARTING BLOCKS 160
FIGURE 40 START-UPS/SMES EVALUATION QUADRANT: LITHIUM-ION BATTERY MATERIALS MARKET 161
10.6.5 COMPETITIVE BENCHMARKING 162
TABLE 206 LITHIUM-ION BATTERY MATERIALS MARKET: DETAILED LIST OF KEY START-UPS/SMES 162
TABLE 207 LITHIUM-ION BATTERY MATERIALS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 162
10.7 COMPETITIVE SCENARIOS AND TRENDS 163
10.7.1 DEALS 163
TABLE 208 LITHIUM-ION BATTERY MATERIALS MARKET: DEALS (2019– 2023) 163
10.7.2 OTHERS 167
TABLE 209 LITHIUM-ION BATTERY MATERIALS MARKET: EXPANSIONS, INVESTMENTS, AND INNOVATIONS (2019–2023) 167