Middle East & Africa Lithium-ion Battery Cathode Market Size & Outlook
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MEA lithium-ion battery cathode market highlights
- The MEA lithium-ion battery cathode market generated a revenue of USD 761.0 million in 2023.
- The market is expected to grow at a CAGR of 17.5% from 2024 to 2030.
- In terms of segment, lithium iron phosphate was the largest revenue generating chemical composition in 2023.
- Cobalt is the most lucrative chemical composition segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 761.0 million |
| Market revenue in 2030 | USD 2,349.9 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Lithium iron phosphate |
| Fastest growing segment | Cobalt |
| 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, MEA region accounted for 3.0% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Targray | View profile | 101-250 | Kirkland, Quebec, Canada, North America | https://www.targray.com/ |
| POSCO Future M | View profile | 1-10 | Pohang, Kyongsang-bukto, South Korea, Asia | https://www.poscofuturem.com |
| Nichia Corporation | View profile | 5001-10000 | Tokushima, Tokushima, Japan, Asia | http://www.nichia.co.jp/ |
| NEI Corporation | View profile | 11-50 | Somerset, New Jersey, United States, North America | https://www.neicorporation.com/ |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Umicore SA ADR | View profile | 11948 | Rue du Marais 31 Broekstraat, Brussels, Belgium, B-1000 | https://www.umicore.com |
| Sumitomo Chemical Co Ltd | View profile | 37235 | 27-1, Shinkawa 2-chome, Chuo-ku, Tokyo, Japan, 104-8260 | http://www.sumitomo-chem.co.jp |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Middle East & Africa 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 will help companies and investors design strategic landscapes.
Lithium iron phosphate was the largest segment with a revenue share of 31.02% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa lithium-ion battery cathode market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa lithium-ion battery cathode market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA lithium-ion battery cathode market size, by country, 2018-2030 (US$M)
Middle East & Africa Lithium-ion Battery Cathode Market Outlook Share, 2023 & 2030 (US$M)
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