PUNE, India, May 29, 2018 /PRNewswire/ --
The report "Cathode Materials Market by Battery Type (Lead-Acid, Lithium-ion), Material (Lithium-Ion (LFP, LCO, NMC, NCA, LMO), Lead-Acid (Lead Dioxide)), and Region (Asia Pacific, North America, Europe, and Row) - Global Forecast to 2023", published by MarketsandMarkets™, the market is projected to grow from USD 16.43 Billion in 2018 to USD 22.17 Billion by 2023, at a CAGR of 6.2% between 2018 and 2023. The rising availability of electricity and connectivity around the world has considerably increased the average person's dependency on technology. Batteries are used in various consumer electronic devices, such as smartphones, laptops, fitness bands, smartwatches, Bluetooth headsets, gardening tools, and UPS systems. With respect to technology, batteries also offer huge energy capacity and can be shaped to fit into the electronic devices to be powered. The growing demand for consumer electronics, including demand for thinner and sleeker devices, and continuous developments in these devices have resulted in the increased consumption of batteries, thus increasing the demand for cathode materials.
Browse 125 market data Tables and 38 Figures spread through 141 Pages and in-depth TOC on "Cathode Materials Market"
Early buyers will receive 10% customization on this report
The lead-acid segment is projected to lead the Cathode Materials Market during the forecast period.
Based on battery type, the lead-acid segment is estimated to account for the larger share of the Cathode Materials Market than the lithium-ion segment in 2018. This large share can be attributed to the renewability of lead-acid and its increasing use in backup power, emergency lighting, utilities, security systems, railway backup systems, renewable energy systems, and other applications. Batteries reduce carbon emissions and provide energy that is renewable and recyclable.
Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=246078739
Based on material, the lead dioxide segment is estimated to be the largest material segment during the forecast period.
Lead dioxide is the preferred cathode material in the manufacturing of lead-acid batteries. It forms the largest portion of any lead-acid battery. Increasing investments in R&D by cathode material manufacturers to create a balance between high quality and low cost will drive the lead dioxide Cathode Materials Market during the forecast period.
Asia Pacific is expected to lead the Cathode Materials Market during the forecast period.
The Asia Pacific region is expected to be the largest market for cathode materials during the forecast period. The Asia Pacific Cathode Materials Market is majorly driven by the growing demand for cathode materials in China. Heavy investments in automotive, electronics, and ESS are key factors driving the Cathode Materials Market in China. Government support, the presence of strong manufacturing base, and growing investments in electric vehicles by automotive companies are major factors driving the Asia Pacific Cathode Materials Market.
Some of the key companies in the Cathode Materials Market include Umicore (Belgium), 3M (US), Mitsubishi Chemical Holdings (Japan), POSCO (South Korea), Johnson Matthey (UK), Hitachi Chemical (Japan), Kureha (Japan), Sumitomo (Japan), Toda Kogyo (Japan), and Mitsui Mining & Smelting (Japan).
Know more about Cathode Materials Market:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets