EVs rely on lithium-ion batteries for their energy storage, and cathodes are a crucial component of these batteries. Short Term (2023-2026): The growing adoption of electric vehicles is a significant driver for the lithium-ion battery cathode market.The cathode is one of the key components of a lithium-ion battery, responsible for storing and releasing lithium ions during charge and discharge cycles. ![]() The lithium-ion battery cathode market plays a crucial role in the production of lithium-ion batteries, which are widely used in various applications ranging from portable electronics to electric vehicles and grid energy storage systems. Historic and Future Pathway Analysis for the Lithium-ion Battery Cathode Market ![]() Lithium-ion Battery Cathode Market Size (2022A) The advantages of lithium-ion batteries, such as high energy density, longer cycle life, and lightweight design, have made them the preferred choice for portable electronics and electric vehicles, among other applications. The market for lithium-ion battery cathodes has witnessed significant growth in recent years, due to the increasing adoption of lithium-ion batteries in various industries. Lithium-ion Battery Cathode Market Growth Outlook (2023 to 2033)īased on the analysis by Fact.MR, the global lithium-ion battery cathode market is valued to be US$ 47.3 billion in 2023 and it is expected to grow at a CAGR of 12.0% to reach US$ 146.8 billion by the end of 2033.
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