Business General News Market Updates 

Lithium Ion Battery Cathodes Market Shares, Strategies, and Forecasts to 2024 by Key Players – Sumitomo Metal Mining (SMM), Panasonic, BASF, Umicore, NEI Corporation, LG, Argonne National Labs

Press Release

Worldwide markets are poised to achieve continuing growth as the advantages brought by using new materials are used to decrease the cost of producing lithium ion batteries.  The customization achieved by reducing the quantity of cobalt proportionally inside the cathode is a significant market growth driver.

Lithium-ion Batteries at $100/kWh Make EVs Cheaper Than Traditional Gas-Powered Vehicles.  As the new cathode technologies are applied to lithium ion batteries, the cost of lithium ion batteries will continue to decrease.  Lithium-ion batteries aim to cost $100/kWh, – a cost that makes EVs cheaper than traditional gas-powered vehicles.  Companies are targeting between $80/kWh and $100/kWh.  Realistically companies will likely approach $100/kWh.

Download PDF Brochure at https://www.worldwidemarketreports.com/sample/301318

NMC lithium battery cathode materials are used for electric vehicles.   As the cathode markets develop toward NMC, it is clear the LFP favored by Chinese manufacturers, not suitable for electric vehicles will lose market share.  Current NMC ternary lithium-ion batteries from South Korean and Japanese makers typically employ a ratio of 60% nickel to 20% manganese, and 20% cobalt (6:2:2), but as that ratio moves to 8:1:1 in 2018 and beyond, the cathode is a key element in achieve vast cost efficiencies.

On the basis of product, the market is primarily split into

  • Cobalt
  • Manganese
  • Nickel Cobalt Manganese (NMC)
  • Lithium Iron Phosphate (LFP)

Worldwide Lithium Ion Battery cathodes have many applications.  On the basis on the end users/application, this report covers

  • Electric Vehicles
  • Drones, UAV, UUV
  • Power Tools
  • Smart Phone Equipment
  • Consumer Electronics Products
  • Other

Worldwide Lithium Ion Battery cathode market at $5.1 billion market in 2017, is expected to reach $58.8 billion by 2024.

Companies Profiled

  1. Sumitomo Metal Mining (SMM)
  2. Panasonic
  3. BASF
  4. Umicore
  5. NEI Corporation
  6. LG
  7. Argonne National Labs
  8. Easpring
  9. Mitsubishi Chemical

Place Direct Purchase order For Complete Report at https://www.worldwidemarketreports.com/buy/301318

Published by Vishal

About Worldwide Market Reports:

The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Reports’ well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.

This post was originally published on Food and Beverage Herald

Related posts