With the rapid development of new energy vehicles and energy storage power stations, the market has set higher requirements on the energy density, power density and service life of next-generation high-performance lithium-ion batteries. Lithium-rich manganese-based cathode materials have high discharge specific capacity (> 250 mAh · g-1), low cost, environment-friendly, etc. It is a promising cathode material for next-generation lithium-ion batteries.
Market size forecast
According to Zion Market Research's forecast, the global cathode material market size will be USD 16.22 billion in 2018, and it is expected to grow to USD 26.24 billion by 2026. The CAGR for 2018-2026 is 6.2%. With the continuous maturity of lithium-rich manganese-based cathode material technology and the continuous promotion of commercial applications, its market size is expected to grow rapidly.