CHICAGO, Nov. 9, 2023 /PRNewswire/ — The report “Lithium-ion Battery Materials Market by Battery Chemistry (LFP, LCO, NMC, NCA, LMO), Material (Cathode, Anode, Electrolyte), Application (Portable Device, Electric Vehicle, Industrial), & Region (APAC, Europe, North America, ROW) – Global Forecast to 2028“, is projected to grow from USD 34.2 billion in 2023 to USD 97.5 billion by 2030, at a CAGR of 23.3% from 2023 to 2028. There is a significant increase in demand for electric vehicles and consumer electronics across the globe. This has enhanced the demand for lithium-ion batteries which in return has boosted the market for lithium-ion battery material.
Browse in-depth TOC on “Lithium-ion Battery Materials Market”.
285 – Tables
56 – Figures
234 – Pages
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By battery chemistry, the lithium nickel manganese cobalt oxide (NMC) segment is estimated to be the largest segment of lithium-ion battery materials market during 2023 to 2028.
The lithium nickel manganese cobalt oxide (NMC), by battery chemistry, is projected to be the largest market during the forecast period. This chemistry excels in maintaining a fine equilibrium between high energy density, an extended lifespan, and enhanced thermal resilience, makes lithium nickel manganese cobalt oxide battery suitable for a wide range of applications. The steady rise in electric vehicle needs, coupled with strict environmental standards…
