Fact.MR has recently published a new assessment titled “Lithium-ion Battery Cathode Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029”, which reviews the global market for lithium-ion battery cathode with a purpose to understand the growth trajectory as well as future prospects until 2029. The report submits that lithium-ion battery cathode sales surpassed 235,439 tons in 2018, corresponding to revenues worth ~US$ 4 Bn. This advancement has been accredited to the surging sales of electric vehicles along with the emergence of innovative lithium-ion generation across the globe.
The purpose of this investigation is to educate readers about the various projections linked to the global lithium-ion battery cathode market. Various market factors are enclosed in order to provide a transparent view of the target market, which includes market background, opportunity assessment, key trends, product innovation, market challenges, value chain analysis, Y-o-Y growth trend analysis and a lot more. According to research findings, the lithium-ion battery cathode market is likely to deliver an impressive CAGR of ~13% during the forecast period between 2019 and 2029.
R&D Investments Encouraging Sales of Lithium-Ion Battery Cathode
As per research insights, gain across the lithium-ion battery cathode market are primarily driven by the presence of numerous end-use industries as well as widening application base. In the recent past, there have been prominent strides across the research & development sector concerned with battery materials, such as cathode, anode, separators and electrolyte. Due to significant growth in R&D investments, the demand for cathode material for lithium-ion battery has increased due to rising production and broadening sales, especially among the automakers and consumer electronics companies.
With the conclusion of the report, readers can receive market acumen associated to key players from the global lithium-ion battery cathode sector. It is mentioned that each of the players active in the target market have been struggling to amalgamate their position by receiving reciprocal advantage through the equivalents linked to M&A activities. Some of the prime companies examined in the report are Hitachi Chemical Co., Ltd., Sumitomo Chemicals, 3M Company, LG Chem Ltd., Mitsubishi Chemical Holdings Corp etc. The report assesses these players in terms of key financials, key strategies, key developments and SWOT analysis.