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Lithium Ion Battery Cathodes: Market Shares, Strategies, and Forecasts, Worldwide, 2019 to 2024


Report Details

Lithium Ion Battery Cathodes: Market Shares, Strategies, and Forecasts, Worldwide, 2019 to 2024

SKU WGJAN211901
Category Energy and Power Resources
Publisher Wintergreen Research
Pages 250
Published Jan-19
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Description

Worldwide Lithium Ion Battery cathode market at $7 billion market in 2018, is expected to reach $58.8 billion by 2024.
A new study Lithium Ion Battery Cathode Markets: Market Shares, Strategy, and Forecasts, worldwide, 2019 to 2024 has 250 pages, 119 tables and figures. 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.

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 $7 billion market in 2018, is expected to reach $58.8 billion by 2024.

Key Topics
Cathode
Cobalt
Lithium Ion Battery
EV
Electric Vehicle
Electric Vehicles
Drones
UAV
UUV
Power Tools
Smart Phone Equipment
Consumer Electronics
Manganesem
Nickel Cobalt Manganesem (NMC)
NMC 811
NMC 632
Lithium Iron PhospNMC 632hate (LFP Manganese
Nickel Cobalt Aluminium (NMA)


News/Press Release

Table of Content

Table of Contents
Lithium Ion Battery Cathodes: Executive Summary
The study is designed to give a comprehensive overview of the Lithium Ion Cathode: market
segment. Research represents a selection from the mountains of data available of the most
relevant and cogent market materials, with selections made by the most senior analysts.
Commentary on every aspect of the market from independent analysts creates an independent
perspective in the evaluation of the market. In this manner the study presents a comprehensive
overview of what is going on in this market, assisting managers with designing market strategies
likely to succeed.


Making the Electric Vehicle Battery Competitive with the Internal
Combustion Engine (ICE)
Abstract: Lithium Ion Battery Cathodes Undergo Rapid Change, Make Electric
Vehicles Less Expensive Than Gas Powered Vehicles
1
Lithium Ion Battery Cathode Executive Summary
18
Lithium-ion Batteries at $100/kWh Make EVs Cheaper Than Traditional GasPowered
Vehicles
18
1. Lithium Ion Battery Cathode: Market Description and
Market Dynamics
20
1.1 Li-ion Battery Sub-Types
20
1.1.1 Nickel Manganese Cobalt
20
1.1.2 Nickel Cobalt Aluminum
21
1.2 Lithium-ion Battery Basics
22
1.2.1 Lithium Ion Battery Cathode Description
23
1.2.2 Cathode Chemistry and Metal Proportions
27
1.2.3 Intercalated Lithium Compound
29
1.3 Cathode Typically 31% of Cost of Small Lithium Ion Battery
30
2. Lithium Ion Battery Cathode Market Shares and
Forecasts
32
2.1 Lithium Ion Battery Cathode Market Driving Forces
32
2.2 Lithium Ion Battery Cathode Market Shares
35
2.2.1 Sumitomo Monthly Production Structure
40
2.2.2 Umicore
41
2.2.3 Umicore Dedicated to NMC and Cobalt
41
2.2.4 Samsung
42
2.2.5 Panasonic
43
2.2.6 Easpring Material Technology Chinese NCM 622 Capacity of 2,800 tons

44
2.3 Lithium Ion Battery Cathode Market Forecasts
45
2.3.1 Battery Materials Market
47
2.4 Lithium Ion Battery Cathode Segments
49
2.5 Battery Materials Market Worth $11.3 Billion By 2018
54
2.6 Electric Vehicle Market
55
2.6.1 Automotive
57
2.6.2 Cobalt
58
2.7 Lithium Ion Batteries
61
2.7.1 Lithium Markets
63
2.7.2 Cathode Active Materials
65
2.7.3 EV Makers and their Suppliers
65
2.8 Lithium Ion Battery Cathode and Cobalt Pricing
68
2.8.1 Lithium Nickel Manganese Cobalt Oxide Linimncoo2 Powder for Lithium
Ion Battery Cathode Materials-Gn-NMC
68
2.8.2 Linicomno2 (NCM) Powder for High Capacity Li-ion Battery Cathode,
(Ni: Co: Mn=1: 1: 1) , Lib-Lncm111
69
2.8.3 LiFePO4 Cathode Material CAS 15365-14-7
69
2.9 Lithium Ion Battery Cathode Regional Market Segments
73
2.9.1 Europe
76
2.9.2 China Cathode Market Participation
77
3. Lithium Ion Battery Cathode Product Description 82
3.1 Lithium Battery NMC Cathodes
82
3.2 Lithium Ion Battery Cathode Market Segment Analysis
83
3.2.1 Cost Of Lithium-Ion Battery Cathodes Continues To Decrease
83
3.2.2 Cathode Segments, NMC 532, NMC 622, NMC 811, Market Segments

84
3.2.3 Cathode Market Growth, Tonnes
87
3.2.4 Cathode Market Growth, Tonnes, Worldwide, 2013 – 2017
89
3.2.5 NMC
91
3.2.6 NMC and NCA
91
3.2.7 LFP
91
3.2.8 80 Percent Nickel, 10 Percent Cobalt And 10 Percent Manganese NMC
811
91
3.2.9 Cathode Segments by NMC, NCM, NMA, LFP, Cobalt LCO, and Specialty
Cathodes, Market Segments
91
3.2.10 Cathode Unit Analysis in Tonnes
93
3.2.11 Ternary Cathode Materials (NCA/NCM)
94
3.3 Category : LiNiMnCo (NMC) Batteries
94
3.4 NMC 811 Battery Production
99
3.5 Electric Vehicles
101
3.5.1 Cars and Light Truck, Trucks and Busses Vehicle and Electric Vehicle
Segment Market Forecasts,
102
3.5.2 Cars and Light Truck Electric Vehicle Regional Segment Market
Forecasts 104
3.5.3 Cars and Light Truck Electric Vehicle Segment Market Forecasts, Small,
Mid-Size, Luxury. And TaaS, Shipments
106
3.5.4 Trucks and Busses Electric Vehicle Market Forecasts
109
3.5.5 California Seeks to Ban Gas Burning Vehicles
111
3.5.6 EV Battery Manufacturing
113
3.5.7 Electric Vehicle Infrastructure Spending by Manufacturers
114
3.5.8 China
116
3.5.9 NIO in China
118
3.5.10 Transport as a Service (TaaS)
118
3.5.11 Charging Stations
120
3.5.12 Electric Trucks and Busses
121
4 Lithium Ion Battery Cathode Research and Technology

122
4.5 Available Battery Choices:
122
4.6 Lithium Cobalt Oxide(LiCoO2)
131
4.7 NMC
131
4.7.3 Cathode Segments
132
5 Lithium Ion Battery Cathode Company Profiles
139
5.5 3M Sells NMC to Umicore
139
5.5.3 3M Strategic Relationship with Amperex Technologies for NMC Li-Ion
Cathode Materials
140
5.5.4 3M Offered Three Cathode Products
141
5.5.5 3M NMC Transfer to Umicore
142
5.6 Argonne National Labs
142
5.7 B&M
142
5.8 BASF
143
5.8.3 BASF NCM Cathode Materials
147 5.8.4 BASF One Of Two Licensed Suppliers of the U.S. Department of
Energy’s (DOE) Argonne National Laboratory-Patented NCM Cathode Materials 148
5.8.5 BASF and Toda Kogyo
149
5.8.6 BASF - ANL Collaboration on NCM Cathode Materials
150
5.8.7 BASF and General Motors GM NMC
151
5.9 BYD
153
5.10 Easpring
153
5.10.3 Easpring Revenue
153
5.10.4 Easpring Production Capacity
155
5.11 FDK
156
5.12 Fujitsu
156
5.12.3 Fujitsu Laboratories
156
5.12.4 FDK Corporation and Fujitsu Laboratories
158
5.12.5 Fujitsu Low-Cost, Cobalt-Free Lithium Rechargeable Batteries
160
5.12.6 Fujitsu Cathode Terminology
162
5.12.7 Fujitsu
162
5.12.8 Fujitsu Laboratories
163
5.13 Hitachi Chemical
163
5.13.3 Hitachi Lithium Ion Battery
163
5.14 JFE Techno-Research
167
5.14.3 JFE Catalyst Evaluation and Development Support
168
5.15 Jinhe (website not available)
170
5.16 L&F
170
5.17 LG
170
5.17.3 LG Chem Embraces NMC 811 Cathode
173
5.17.4 LG Chem and 3M Nickel-Manganese-Cobalt-Oxide Cathode Patent
License Agreement
174
5.17.5 LG Chem Supplies NMC-based Li-ion Cells For Plug-In Vehicles,
Including Chevy Volt
174
5.18 Long Power Systems
176
5.19 Mitsubishi
176
5.20 NEI Corporation
176
5.20.3 NEI Cathode & Anode Powders
177
5.20.4 NEI Lithium Manganese Oxide (LMO) Powders »
180
5.20.5 NEI Lithium Nickel Cobalt Aluminum Oxide (NCA) Powders
180
5.20.6 Lithium Manganese Nickel Oxide (LMNO / Spinel) Powders
180
5.20.7 NEI Custom Lithium-ion Battery Powders
181
5.21 Nichia
181
5.22 Panasonic
183
5.22.3 Panasonic offers Tesla Different Applications
185
5.22.4 Tesla Gigafactory
188
5.22.5 Panasonic Nickel Cobalt Aluminum and Nickel Manganese Cobalt 189
5.22.6 Panasonic / Tesla Cathodes
190
5.23 Pulead
194
5.24 Reshine
195
5.25 Samsung
196
5.26 Shanshan
196
5.26.3 Shanshan Anode Materials
196
5.27 SK innovation
198
5.28 SMM
198
5.28.3 SMM Cathode Material of In-Vehicle Lithium Ion Batteries
199
5.28.4 Nickel Powder For Multilayer Ceramic Capacitors
200
5.28.5 Magnetic Powder for In-Car Motor
200
5.28.6 Development of High-Functionality Silver-Coated Copper Powder With
A Controlled Shape
201
5.28.7 SMM Flake-like Silver-Coated Copper Powder Characteristics
201
5.28.8 SMM Cobalt:
201
5.28.9 SMM Produces Electrolytic Cobalt
202
5.28.10 SMM Increasing Production of NCA
203
5.28.11 SMM Monthly Production Structure
205
5.28.12 SMM Increasing Battery Material Production In Response To Growing
Demand For Electric Vehicles
206
5.28.13 SMM Materials Business
207
5.28.14 Sumitomo Metal Mining Revenue
209
5.28.15 Core Advantages of SMM’s Materials Business
215
5.28.16 Sumitomo Metal Mining Co., Ltd. Sales Volume of Battery Materials

218
5.29 Targray
218
5.30 Toda Kogyo
221
5.30.3 Toda Kogyo Revenue
222
5.30.4 Toda America
222
5.30.5 BASF and Toda Strengthen Their Collaboration
223
5.30.6 BASF and Toda Combine Manufacturing Activities in the United States

223
5.31 Umicore
224
5.31.3 BASF, The World’s Largest Chemical Company, Files a Law Suit Against
Belgium’s Umicore
225
5.31.4 3M NMC Powder
226
5.31.5 Umicore and One of Its Customers—Japan’s Makita
226
5.31.6 Umicore Dedicated to NMC and Cobalt
226
5.31.7 Umicore Record Performance in 2017
227
5.31.8 Umicore Revenue
228
5.31.9 2017 FY Umicore Business Review Energy & Surface Technologies
Including Cathodes
233
5.31.10 Umicore Acquires NMC Battery Material Patents from 3M
234
5.31.11 Umicore Boosts Capacity In Cathode Materials
235
5.32 Selected Lithium Ion Cathode Companies
236

List of Figures

List of FIgures

Abstract: Lithium Ion Battery Cathodes Undergo Rapid Change, Make Electric
Vehicles Less Expensive Than Gas Powered Vehicles
1
Figure 1. Cathode Market Forecasts Dollars and Percent, Worldwide, 2018 - 2024
18
Figure 2. Lithium Ion Battery Cathode Description
23
Figure 3. Battery Has Graphite Anode, NMC Cathode, Lithium Electrolyte
24
Figure 4. Cathode Materials Ratio
25
Figure 5. Cathode Layered Structure
26
Figure 6. Cathode Chemistry and Metal Proportions
27
Figure 7. Cathode Typically 31% of Cost of Small Lithium Ion Battery
30
Figure 8. Cobalt
32
Figure 9. Cathodes Cost per kWh vs. $ per Gallon of Gasoline
34

Figure 10. Cathode Market Shares, Dollars, Worldwide, 2017
35
Figure 11. Cathode Market Share Positioning Descriptions, Worldwide, 2017 35
Figure 12. Lithium Ion Battery Cathode Leading Market Participants
39
Figure 13. Lithium Ion Battery Cathode Recent Entrants
40
Figure 14. Umicore 2017 FY Energy & Surface Technologies Revenue: Including
Cathodes 41
Figure 15. Cathode Market Forecasts Dollars and Percent, Worldwide, 2018 -
2024 45
Figure 16. Cathode Market Forecasts, Tonnes and Percent, Worldwide, 2018 -
2024 46
Figure 17. Lithium Ion Battery Cathode Market Factors
46
Figure 18. Cathode Segments, Electric Vehicle, Smart Phones, Stationary Storage /
Grid, Power Tools, Laptops, Consumer Electronics, Drones / UUVs / UAVs, Market
Segments, Dollars, Worldwide, 2018-2024
51
Figure 19. Cathode Segments, Electric Vehicle, Smart Phones, Stationary Storage /
Grid, Power Tools, Laptops, Consumer Electronics, Drones / UUVs / UAVs, Market
Segments, Percent, Worldwide, 2018-2024
52
Figure 20. Cathode Segments, Military, Transportation, Energy Storage, Consumer
Electronics, Worldwide, 2017
53
Figure 21. Cathode Material 34.7% of Battery
56
Figure 22. Cobalt
58
Figure 23. Metric Tons of Cobalt Produced in 2016
60
Figure 24. Global Battery Mineral Supply And Demand
65
Figure 25. EV Makers and their Suppliers
65
Figure 26. Lithium Ion Battery Cell Manufacturing Cost $/kWh
72
Figure 27. Lithium Ion Battery Cathode Regional Market Segments, Dollars,
Worldwide, 2017
74
Figure 28. Chinese Dominate Cathode Market in 2015
78
Figure 29. Cathode Production Regional Segments, China Tonnes, 2017
81
Figure 30. Material Development of High Density Battery
83
Figure 31. Cathode Segments, NMC 532, NMC 622, NMC 811, Market Segments,
Dollars, Worldwide, 2017
84
Figure 32. Cathode Market Growth, Dollars, Worldwide, 2018 - 2024
85
Figure 33. Cathode Market Growth, Percent, Worldwide, 2018 - 2024
86
Figure 34. Cathode Market Growth, Tonnes, Worldwide, 2018 - 2024
87
Figure 35. Cathode Market Growth, Tonnes, Percent, Worldwide, 2018 – 2024 88
Figure 36. Cathode Market Growth, Tonnes, Worldwide, 2013 – 2017
89
Figure 37. Cathode Market Growth, Tonnes, Percent, Worldwide, 2013 - 2017 90
Figure 38. Cathode Segments by NMC, NCM, NMA, LFP, Cobalt LCO, and Specialty
Cathodes, Market Segments, Tons and Percent, Worldwide, 2018-2024
92
Figure 39. Output of Major Lithium Battery Cathode Material Manufacturers
2012-2013.
93
Figure 40. Lithium-Ion-Batteries
97
Figure 41. Electric Vehicle
98
Figure 42. NMC 811 Battery Production
99
Figure 43. Cars and Light Truck, Trucks and Busses Vehicle and Electric Vehicle
Segment Market Forecasts, Shipments, Percent and Units, Worldwide, 2019 -
2025 102
Figure 44. Cars and Light Truck Electric Vehicle Regional Segment Market
Forecasts, China, US, Europe, and Rest of World Shipments, Units, Worldwide,
2019 - 2025
104
Figure 45. Cars and Light Truck Electric Vehicle Regional Segment Market
Forecasts, China, US, Europe, and Rest of World Shipments, Percent Units,
Worldwide, 2019 - 2025
105
Figure 46. Cars and Light Truck Electric Vehicle Market Forecasts, Units and
Percent, Worldwide, 2019 – 2025
106
Figure 47. Cars and Light Truck Electric Vehicle Segment Market Forecasts, Small,
Mid Size, Luxury. And TaaS, Units, Worldwide, 2019 - 2025
107
Figure 48. Cars and Light Truck Electric Vehicle Segment Market Forecasts, Small,
Mid-Size, Luxury. And TaaS, Shipments, Dollars and $ per Unit, Worldwide, 2019 -
2025 108
Figure 49. Trucks and Busses Electric Vehicle Market Forecasts, Shipments, Units,
Worldwide, 2019 - 2025
109
Figure 50. Trucks and Busses Electric Vehicle Segment Market Forecasts, Light
Duty Trucks, Mid Size Trucks, Large Trucks, Busses, Shipments, Units, Worldwide,
2019 - 2025
110
Figure 51. Trucks and Busses Electric Vehicle Segment Market Forecasts, Light
Duty Trucks, Mid Size Trucks, Large Trucks, Busses, Shipments, Dollars,
Worldwide, 2019 - 2025
111
Figure 52. Market Shares for Electric Batteries
113
Figure 53. Electric Vehicle Segment Market Forecasts, Dollars, Worldwide, 2019 -
2025 115
Figure 54. Available Batteries choices:
122
Figure 55. Nano Technology for Electrochemical Utilization of Metal Oxide 123
Figure 56. Cathode Improved Electric Conductivity
124
Figure 57. 3-D Porous Structure for Easy Access to Electrolyte Ions
125
Figure 58. NMC Cathode Ratio Examples
127
Figure 59. Li-Ion Batteries Cathode, Anode, and Other Technologies
128
Figure 60. Lithium Cathode Functions
129
Figure 61. SMM Cathode Materials
130
Figure 62. Lithium Cobalt Oxide(LiCoO2) Layered Structure
131
Figure 63. Cathode Segments, NMC 532, NMC 622, NMC 811, Market Segments,
Dollars, Worldwide, 2017
132
Figure 64. Cathode Segments, Electric Vehicle, Smart Phones, Stationary Storage /
Grid, Power Tools, Laptops, Consumer Electronics, Drones / UUVs / UAVs, Market
Segments, Percent, Worldwide, 2018-2024
133
Figure 65. Cathode Segments, Electric Vehicle, Smart Phones, Stationary Storage /
Grid, Power Tools, Laptops, Consumer Electronics, Drones / UAVs, Market
Segments, Dollars, Worldwide, 2018-2024
134
Figure 66. Cathode Segments by NMC, NCM . NMA, LFP, Cobalt LCO, Manganese
LMO, and Specialty Cathodes, Market Segments, Dollars and Percent, Worldwide,
2018-2024
135
Figure 67. Applications for Metals Typically Contained in Lithium Ion Battery
Cathode 136
Figure 68. Lithium Cathode Metals Markets
136
Figure 69. Cathode Segments by NMC, NCM . NMA, LFP, Cobalt LCO, Manganese
LMO, and Specialty Cathodes, Market Segments, Tons and Percent, Worldwide,
2018-2024
138
Figure 70. 3M NMC Cathode Materials
140
Figure 71. BASF Battery Materials Positioning
144
Figure 72. BASF Sales by Region
145
Figure 73. Sales by Direct Customer Industry
145
Figure 74. BASF Main Competitors
146
Figure 75. BASF Key Capabilities
146
Figure 76. BASF Advanced HED™ NCM Cathode Materials For Lithium-Ion
Batteries Functions
147
Figure 77. BASF NCM Cathode Materials
149
Figure 78. BASF - ANL Collaboration on NCM: BASF’s Comprehensive Battery
Materials Portfolio
150
Figure 79. BASF NCM Production Elyria, Ohio
152
Figure 80. Fujitsu Charge / Discharge Curves Of Cathode Material
157
Figure 81. Comparison of the Energy Densities Of The New Cathode Material
Versus Conventional Cathode Materials
159
Figure 82. Fujitsu Crystal Structure Of The Of Low-Cost, Cobalt-Free Lithium
Rechargeable Batteries
160
Figure 83. Fujitsu Prototype Coin-Shaped Battery Crystal Structure Of The New
Material 161
Figure 84. Fujitsu Voltage and Discharge Depth (*2) Of The Prototype Coin Battery
161
Figure 85. Hitachi Corporate Revenue in Trillions of Yen
163
Figure 86. Hitachi Materials Benchmarking
164
Figure 87. Hitachi Advanced Materials Revenue
165
Figure 88. Hitachi Advanced Materials Revenue Change
166
Figure 89. JFE Techno-Research Cathode Functions
168
Figure 90. JFE Examples of Clients' Catalyst-Related Requests
169
Figure 91. Structure of Rechargeable Battery
171
Figure 92. LG Chem Cathode Materials
172
Figure 93. Rechargeable Battery Components
172
Figure 94. 3M Cathode Charge / Discharge Profiles
175
Figure 95. NEI Cathode & Anode Powders
177
Figure 96. Cathode & Anode Tapes
178
Figure 97. NEI Cathode Materials
179
Figure 98. Nichia LiCoO2
182
Figure 99. Nichia Analysis of Active Materials
183
Figure 100. Tesla Lithium-Ion NCA Battery
184
Figure 101. Panasonic / Tesla NMC Battery
187
Figure 102. Construction of the Tesla Gigafactory Outside Reno, Nevada is shown
February 18, 2015.
188
Figure 103. Pulead Electric Car
194
Figure 104. Ni-Co-Mn Material
199
Figure 105. SMM Ni-Co-Al Material
199
Figure 106. SMM High-Functionality Nickel Powder
200
Figure 107. SMM Sm-Fe-N Magnetic Powder
200
Figure 108. SMM Flake-Like Silver-Coated Copper Powder
201
Figure 109. SMM Cathode Materials Center
208
Figure 110. SMM Net Sales
212
Figure 111. Number of Electric Vehicles Shipped
214
Figure 112. SMM Core Divisions
217
Figure 113. Targray Cathodes
220
Figure 114. Umicore South Korean and Chinese Facilities
230
Figure 115. Umicore Volume Forecasts
231
Figure 116. Umicore 2017 FY Business Review: Catalysts
232
Figure 117. Umicore Leadership Position in NMC
236
Figure 118. Cut Cathode Producers
243
Figure 119. Cathode Makers
244

Companies Profiled

Sumitomo Metal Mining (SMM)
Panasonic
BASF
Umicore
NEI Corporation
LG
Argonne National Labs
Easpring
Mitsubishi Chemical
Reshine
Long Power Systems
Targray
Toda Kogyo
Fujitsu
Pulead
JFE Chemical
Samsung
Hitachi Chemical

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