World Coronavirus Impact: Lithium-ion Battery Cathode Market Detailed Analysis of Current Industry Figures With Forecasts Growth By 2024

Posted on 2020-06-09 by tsnewswire in Chemicals // 0 Comments

Albany, USA, 2020-Jun-09 — /EPR Network/ —Novel coronavirus cases continue to rise and is negatively impacting the global Lithium-ion Battery Cathode Market due to significant slowdown in spending during first half of 2020. A detailed outlook of Lithium-ion Battery Cathode Market with and COVID-19 impact on market is presented in the report. This report aims to assist our clients with valuable insights which are required to make important business decisions during and post COVID-19 period.

Fast. MR has announced the addition of a new syndicated Market research report on the Lithium-ion Battery Cathode Market By Cathode Composition (lithium manganese oxide, lithium cobalt oxide, lithium nickel manganese cobalt oxide & Other), By Cell Type (cylindrical, prismatic, and polymer (pouch)) and By Application (automotive, consumer electronics, medical devices, and industrial & energy storage) – Global Market Size, Development, Growth and Demand Forecast, 2018-2027. This research report presents comprehensive Market dynamics including growth drivers, industry trends, Market opportunities & barriers. This research report offers qualitative and quantitative insights into the Lithium-ion Battery Cathode Market. The report provides Market assessment for a period of 2018-2027, with 2018 as the base year, 2019 as an estimated year and 2018-2027 as forecast period. The Market study also presents quantitative information such as Market size, Market share, year on year growth, Market increment, compound annual growth rate (CAGR), and Market growth opportunity.

Impact Analysis on COVID-19:

The coronavirus or COVID-19 (formerly 2019-nCoV) broke out in December 2019, which has been imposed as a medical emergency worldwide. More than 183 countries and territories have reported cases of coronavirus to date. On 11th March 2020, the World Health Organization (WHO) declared the COVID-19 a pandemic officially. Due to which many countries such as China, India, Italy, Germany, Spain, France, and such other countries having a large number of COVID-19 patients went under lockdown conditions. With the ongoing situation of lockdown, many industries have been adversely impacted, and it is expected that the economy of the developing & developed nations are going to suffer a massive loss in the coming years, and also the global economy may slip into a recession. Along with this, in the United Nations Conference on Trade & Development, it was said that the impact of COVID-19 would hamper the global economy up to USD 2 Trillion in 2020. The report also considers the impact the impact of COVID-19 on global Lithium-ion Battery Cathode Market in the upcoming years.

(Including COVID- 19) Depth Analysis Get the pages of a sample of this research study – https://www.fastmr.com/request-s/109

Key Insights

Rising Prominence of Electric Vehicles Driving Demand for Lithium-ion Battery Cathode Market

The rising popularity of electric vehicles among the consumer masses is anticipated to drive the demand for lithium-ion battery cathode. The electric vehicles sales volume in the U.S. increased by nearly 80% from 2017 to 2018. Thus, the rising adoption of electric vehicles in the U.S. and other countries is expected to positively influence the demand for lithium-ion battery cathode over the coming years.

Stringent environmental regulations and rising concerns about the ecological effect of the combustion engine have resulted in the rising penetration of electric vehicles. The government around the world is providing incentives for purchasing electric vehicles. For instance, the Indian government is giving commendable incentives on the purchase of electric vehicles under the FAME 2 policy.

Industrial & Energy Storage is Fueling Adoption of Lithium-ion Battery Cathode

Industrial & energy storage is widely gaining popularity across the globe. The demand for energy storage and microgrid has observed significant demand over the last few years. Lithium-ion battery cathode is used to store energy and provide power to IT devices.

The demand for IT devices to store data is increasing at a tremendous rate as the world moves towards digitalization. The size of data farms is growing as the data generated by the big corporation is likely to reach 175 zettabytes by 2025. Thereby, creating demand or energy storage systems which-in turn is projected to drive the demand for lithium-ion battery cathode.

Do You Have Any Query Or Specific Requirement Regarding Lithium-ion Battery Cathode Market? https://www.fastmr.com/request-e/109

Cathode Composition Outlook

Based on cathode composition, the market is segmented into lithium manganese oxide, lithium cobalt oxide, lithium nickel manganese cobalt oxide, lithium iron phosphate, and lithium nickel cobalt aluminium oxide. Among this category, the lithium cobalt oxide segment is likely to observe the most promising growth over the forecast period. The composition offers greater efficiency in terms of power as compared to other counterparts.

Similarly, the demand for lithium nickel manganese cobalt oxide is also likely to witness substantial growth. The composition is widely used across electric vehicles, and rising sales volume of the same is expected to prosper the demand for lithium nickel manganese cobalt oxide. The electric vehicle sales reached nearly 2 million units in 2018 from almost 1 million units in 2017. Thus, the growing sales volume of the electric vehicles is projected to influence the segment’s growth positively.

Cell Type Outlook

Based on cell type, the market is segmented into cylindrical, prismatic, and polymer (pouch). The cylindrical cell type is likely to observe promising growth over the predicted timeline. The circular shaped cell type offers superior stability coupled with enhanced performance compared to its counterparts. However, continuous evolvement in cell design of prismatic and polymer cell type is likely to attain the same level of stability as cylindrical cell type over the coming years.

Request For Methodology of Lithium-ion Battery Cathode Market With COVID -19 Impact Analysis – https://www.fastmr.com/request-m/109

Cylindrical cell type finds its application in many of the famous electric vehicle brands. Tesla which is among the leading vendors of the electric vehicle industry employed the usage of cylindrical cell type in the manufacturing of Tesla model S. Thus, increasing use of the cell type by prominent vendors of the electric vehicles industry is likely to fuel the cylindrical cell type demand.

Application Outlook

Based on application, the market is segmented into automotive, consumer electronics, medical devices, and industrial & energy storage. Among this, the automotive sector is likely to prosper at the highest growth rate over the coming years owing to rising adoption of electric vehicles by consumer masses.

Electric vehicles over the last few years have observed strengthening demand. Although the share of electric cars in the overall automotive industry is nearly 2%, it is expected that the penetration of the segment shall flourish as the consumers opt for sustainable and environmentally friendly choices.

Competitive Landscape

The key vendors of the industry include BASF SE, Umicore SA, Sumitomo Chemicals, 3M, LG Chem Ltd., Hitachi Chemical Co. Ltd., Samsun SDI, Mitsubishi Chemical Holdings Corp, Nichia Corporation, Fujitsu Limited, Targray Technology International Inc., and NEI Corporation.

The vendors of the industry are investing in research & development to enhance product efficiency and serve an end-user point of applications. For instance, BASF SE announced to focus its manufacturing prowess on NMC cathode production that primarily comprises of 5% cobalt, 20% nickel, and 70% manganese.

Definition

Lithium-ion battery cathode is the key component of the battery which acts as metal oxide. Discharge process results in the oxidation of anode and results in gaining of electrons at the cathode. Superior power discharge primarily is the responsibility of cathode.

How the Competent Insights Covered in the Report will mark a difference over the upcoming years:

The research report will cover the impact analysis of Covid-19 pandemic on the global Lithium-ion Battery Cathode Market.
Information about each region & countries will be listed, in order to identify the issues caused by the Covid-19 pandemic on the industry
Assessment of the global market and its estimations regarding the market growth at each level (Global, Region & Country) are included
Market forecasting and Y-o-Y growth rate estimation of different segments and sub-segments of the market
Market dynamics including leading growth factors, challenges, industry trends and opportunities for upcoming and prominent players in the market
Covering the strategies adopted by the major market players in order to analyze how these strategies will help them to grow in the market
Providing comprehensive analysis of recent government policies & funding on new growth avenues in order to tackle the market barriers & threats

Browse Full Report With TOC – {COVID -19 Impact} – https://www.fastmr.com/report/109/lithium-ion-battery-cathode-market

About Us:

FAST.MR is a global market research and business-consulting organization that aims to provide a deep market insight to our clients, which helps them in better decision making in the dynamic environment. We have a team of highly qualified personnel that studies the market in depth to provide our clients with better strategies to stand out in the market.

Our report covers current market status, opportunities available in the market, growth plans, and emerging trends in order to cater to the evolving needs of the customers. We help businesses around the globe with operational improvements, technologies, emerging market trends which in-depth boost the company’s growth in the future. The reports prepared by us are customized according to the client’s needs. We inculcate high morale and ethics while preparing our report which helps in building long term relationships with our clients.

Matched content

Editor’s pick