The Global Lithium Nickel Cobalt Manganese Oxide Market size is projected to grow from USD 4.4 billion in 2020 to USD X.X billion by 2028, at a CAGR of 12.2% during the forecast period 2021-2028. The demand for LiNiCoMnO2 materials is being fueled by increasing adoption of renewable energy sources such as wind power and solar power across various regions globally due to environmental concerns associated with fossil fuels like coal, oil, and natural gas which emit carbon dioxide when combusted; this has led many electric utility companies in these countries to adopt green energy sources as their primary source of electricity generation.
Lithium nickel cobalt manganese oxide is a metal alloy that consists of lithium, nickel, cobalt, and manganese. It has many industrial uses because it can be shaped into complex geometries with thin walls while maintaining its high strength properties in all directions which makes it useful for electronic devices such as laptop batteries or cell phone batteries. The material also has good thermal stability at elevated temperatures and excellent electrochemical properties. It is used in the production of batteries, for example, those found in electric vehicles and energy storage systems (ESS). It can also be used as an alloying agent to produce high-strength steels or alloys that can retain strength at very low and very elevated temperatures.
On the basis of Type, the global lithium nickel cobalt manganese oxide market is segmented into NMC111, NMC442, NMC432, and others.
NMC111 is a type of lithium nickel cobalt manganese oxide. Lithium nickel cobalt manganese oxide batteries (Li-ion LCO) are high energy density, long life cycle, and environment-friendly batteries with the highest application in electric vehicles due to their exceptional stability under harsh conditions. These batteries can offer high specific energy and power, low self-discharge rate of up to 70% after one year. This type of battery has several benefits including High capacity (up tp 120 mAh/g), Great thermal stability, Lighter weight than other types of lithium-ion batteries(due to their nickel content), Wide operating temperature range (-30° C to 60° C).
NMC442 type of lithium nickel cobalt manganese oxide is a cathode material that can be used for the positive electrode in cylindrical and prismatic cells. This high capacity, high energy density NMC battery shows promise as an alternative to Li-ion batteries with similar specific energy ratings. It ensures long-lasting battery life. It is a new generation lithium-ion rechargeable battery in the market with great performance for power tools.
NMC432 is a type of lithium nickel manganese oxide. It has an average voltage of about three volts, making it one of the highest-performing types available on the market. The NMC432 type of lithium nickel cobalt manganese oxide is a combination between high capacity, low cost, and safety properties. This material can play an important role in the battery cell technology market because of its higher energy density compared to other cells.
On the basis of Application, the global lithium nickel cobalt manganese oxide market is segmented into Notebook, Tablet PC, Portable power, Electric tool, and Electric bicycle.
On the basis of Region, the global lithium nickel cobalt manganese oxide market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In terms of revenue, the Asia Pacific dominates the global lithium nickel cobalt manganese oxide market followed by Europe. The countries like Japan and China are expected to account for a substantial share in this regional segment due to rising demand from the consumer electronics industry such as smartphones. The rising population in developing regions such as India and Brazil is also anticipated to drive the regional market.
The major factors which are driving the growth of the global lithium nickel cobalt manganese oxide market are its potential for high energy density and eco-friendly nature, increasing demand from consumer electronics applications such as smartphones, laptops & tablets, etc., rising demand for electric vehicles due to their better performance and longer life cycle compared with conventional ones among others. It also has a higher density which increases battery performance for electric vehicles (EVs).
Up Market Research published a new report titled “Lithium Nickel Cobalt Manganese Oxide Sales Market research report which is segmented by Types (NMC111, NMC532, NMC442, Others), By Applications (Notebook, Tablet PC, Portable power, Electric tool, Electric bicycle, Others), By Players/Companies Umicore, NICHIA CORPORATION, Tanaka Chemical, L&F, 3M, TODA KOGYO CORP, BASF, AGC SEIMI CHEMICA, Shanshan Advanced Materials, Jinhe New materials, CEC, Xiamen Tungsten, Tianli, Easpring Material Technology, Kelong NewEnergy, Tianjiao Technology, Changyuan Lico, STL”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Lithium Nickel Cobalt Manganese Oxide Sales Market Research Report |
By Type | NMC111, NMC532, NMC442, Others |
By Application | Notebook, Tablet PC, Portable power, Electric tool, Electric bicycle, Others |
By Companies | Umicore, NICHIA CORPORATION, Tanaka Chemical, L&F, 3M, TODA KOGYO CORP, BASF, AGC SEIMI CHEMICA, Shanshan Advanced Materials, Jinhe New materials, CEC, Xiamen Tungsten, Tianli, Easpring Material Technology, Kelong NewEnergy, Tianjiao Technology, Changyuan Lico, STL |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 234 |
Number of Tables & Figures | 164 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type NMC111, NMC532, NMC442, Others and By Application Notebook, Tablet PC, Portable power, Electric tool, Electric bicycle, Others.
Some of the companies that are profiled in this report are:
Lithium Nickel Cobalt Manganese Oxide Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Lithium Nickel Cobalt Manganese Oxide Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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