Europe Lithium-Ion Battery Cathode Market Size & Outlook
The lithium-ion battery cathode market in Europe is expected to reach a projected revenue of US$ 12,106.9 million by 2030. A compound annual growth rate of 19.1% is expected of Europe lithium-ion battery cathode market from 2024 to 2030.
- Energy & Power
- Energy Storage
- Lithium-ion Battery Cathode Market Outlook
- Energy Storage
Revenue, 2023 (US$M)
$3,561.3
Forecast, 2030 (US$M)
$12,106.9
CAGR, 2024 - 2030
19.1%
Report Coverage
Europe
Europe Lithium-Ion Battery Cathode Market, 2018-2030 (US$M)
Global Market
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Europe lithium-ion battery cathode market highlights
- The Europe lithium-ion battery cathode market generated a revenue of USD 3,561.3 million in 2023.
- The market is expected to grow at a CAGR of 19.1% from 2024 to 2030.
- In terms of segment, nickel cobalt manganese was the largest revenue generating chemical composition in 2023.
- Phosphate is the most lucrative chemical composition segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,561.3 million |
| Market revenue in 2030 | USD 12,106.9 million |
| Growth rate | 19.1% (CAGR from 2023 to 2030) |
| Largest segment | Nickel cobalt manganese |
| Fastest growing segment | Phosphate |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cobalt, Manganese, Phosphate, Nickel Cobalt Manganese, Lithium Iron Phosphate |
| Key market players worldwide | Basf SE, Samsung Electronics Co Ltd, Sumitomo Chemical Co Ltd, Umicore SA ADR, LG Chem, NEI Corporation, Nichia Corporation, POSCO Future M, Targray |
Other key industry trends
- In terms of revenue, Europe region accounted for 14.2% of the global lithium-ion battery cathode market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 25,178.7 million by 2030.
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Lithium-Ion Battery Cathode Market Scope
Lithium-ion Battery Cathode Market segmentation & scope
Lithium-Ion Battery Cathode Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| Sumitomo Chemical Co Ltd | View profile | 37,235 | 27-1, Shinkawa 2-chome, Chuo-ku, Tokyo, Japan, 104-8260 | www.sumitomo-chem.co.jp |
| Umicore SA ADR | View profile | 11,948 | Rue du Marais 31 Broekstraat, Brussels, Belgium, B-1000 | www.umicore.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.lgchem.com |
| NEI Corporation | View profile | 11-50 | Somerset, New Jersey, United States, North America | www.neicorporation.com/ |
| Nichia Corporation | View profile | 5001-10000 | Tokushima, Tokushima, Japan, Asia | www.nichia.co.jp/ |
| POSCO Future M | View profile | 1-10 | Pohang, Kyongsang-bukto, South Korea, Asia | www.poscofuturem.com |
| Targray | View profile | 101-250 | Kirkland, Quebec, Canada, North America | www.targray.com/ |
Europe Lithium-ion Battery Cathode Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Lithium-ion Battery Cathode Market Outlook will help companies and investors design strategic landscapes.
Nickel Cobalt Manganese was the largest segment with a revenue share of 30.16% in 2023.
Horizon Databook has segmented the Europe lithium-ion battery cathode market based on cobalt, manganese, phosphate, nickel cobalt manganese, lithium iron phosphate covering the revenue growth of each sub-segment from 2018 to 2030.
- Europe Lithium-Ion Battery Cathode Market Chemical Composition Outlook (Revenue, USD Million , 2018-2030)
- Cobalt
- Manganese
- Phosphate
- Nickel Cobalt Manganese
- Lithium Iron Phosphate
- Europe Lithium-Ion Battery Cathode Market Cell Type Outlook (Revenue, USD Million , 2018-2030)
- Polymer
- Cylindrical
- Prismatic
- Europe Lithium-Ion Battery Cathode Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Consumer electronics
- Medical devices
- Energy Storage
- Automotive
- Industrial
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Lithium-ion Battery Cathode Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Lithium-ion Battery Cathode Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Lithium-Ion Battery Cathode Market, 2018-2030 (US$M)
Europe lithium-ion battery cathode market statistics, by chemical composition, 2018-2030 (US$M)
