Lithium Ion Battery Cathodes: Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024

Lithium Ion Battery Cathodes: Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024

Apr 2018 Winter Green Research Battery Technology222 Pages Price :
$ 4300

Worldwide markets are poised to achieve continuing growth as the advantages brought by using new materials are used to decrease the cost of producing lithium ion batteries.  The customization achieved by reducing the quantity of cobalt proportionally inside the cathode is a significant market growth driver.    

Lithium-ion Batteries at $100/kWh Make EVs Cheaper Than Traditional Gas-Powered Vehicles.  As the new cathode technologies are applied to lithium ion batteries, the cost of lithium ion batteries will continue to decrease.  Lithium-ion batteries aim to cost $100/kWh, – a cost that makes EVs cheaper than traditional gas-powered vehicles.  Companies are targeting between $80/kWh and $100/kWh.  Realistically companies will likely approach $100/kWh. 

NMC lithium battery cathode materials are used for electric vehicles.   As the cathode markets develop toward NMC, it is clear the LFP favored by Chinese manufacturers, not suitable for electric vehicles will lose market share.  Current NMC ternary lithium-ion batteries from South Korean and Japanese makers typically employ a ratio of 60% nickel to 20% manganese, and 20% cobalt (6:2:2), but as that ratio moves to 8:1:1 in 2018 and beyond, the cathode is a key element in achieve vast cost efficiencies.

On the basis of product, the market is primarily split into

  • Cobalt
  • Manganese
  • Nickel Cobalt Manganese (NMC)
  • Lithium Iron Phosphate (LFP)

Worldwide Lithium Ion Battery cathodes have many applications.  On the basis on the end users/application, this report covers

  • Electric Vehicles
  • Drones, UAV, UUV
  • Power Tools
  • Smart Phone Equipment
  • Consumer Electronics Products
  • Other

Worldwide Lithium Ion Battery cathode market at $5.1 billion market in 2017, is expected to reach $58.8 billion by 2024.

Companies Profiled

Market Leaders

  • Sumitomo Metal Mining (SMM)
  • Panasonic
  • BASF
  • Umicore
  • NEI Corporation
  • LG
  • Argonne National Labs
  • Easpring
  • Mitsubishi Chemical
  • Reshine
  • Long Power Systems
  • Targray
  • Toda Kogyo
  • Fujitsu
  • Pulead
  • JFE Chemical
  • Samsung
  • Hitachi Chemical

Key Topics

  • Cathode
  • Cobalt
  • Lithium Ion Battery
  • EV
  • Electric Vehicle
  • Electric Vehicles
  • Drones
  • UAV
  • UUV
  • Power Tools
  • Smart Phone Equipment
  • Consumer Electronics
  • Manganesem
  • Nickel Cobalt Manganesem (NMC)
  • NMC 811
  • NMC 632
  • Lithium Iron PhospNMC 632hate (LFP Manganese
  • Nickel Cobalt Aluminium (NMA)

Table of Contents

Lithium Ion Battery Cathode Executive Summary 17
Lithium-ion Batteries at $100/kWh Make EVs Cheaper Than Traditional Gas-Powered Vehicles 17

1. Lithium Ion Battery Cathode: Market Description and Market Dynamics 19
1.1 Li-ion Battery Sub-Types 19
1.1.1 Nickel Manganese Cobalt 19
1.1.2 Nickel Cobalt Aluminum 20
1.2 Lithium-ion Battery Basics 21
1.2.1 Lithium Ion Battery Cathode Description 22
1.2.2 Cathode Chemistry and Metal Proportions 26
1.2.3 Intercalated Lithium Compound 28
1.3 Cathode Typically 31% of Cost of Small Lithium Ion Battery 29

2. Lithium Ion Battery Cathode Market Shares and Forecasts 31
2.1 Lithium Ion Battery Cathode Market Driving Forces 31
2.2 Lithium Ion Battery Cathode Market Shares 34
2.2.1 SMM Monthly Production Structure 39
2.2.2 Umicore 40
2.2.3 Umicore Dedicated to NMC and Cobalt 40
2.2.4 Samsung 41
2.2.5 Panasonic 42
2.2.6 Easpring Material Technology Chinese NCM 622 Capacity of 2,800 tons 43
2.3 Lithium Ion Battery Cathode Market Forecasts 44
2.3.1 Battery Materials Market 46
2.4 Lithium Ion Battery Cathode Segments 49
2.5 Battery Materials Market Worth $11.3 Billion By 2018 53
2.6 Electric Vehicle Market 54
2.6.1 Automotive 56
2.6.2 Cobalt 56
2.7 Lithium Ion Batteries 60
2.7.1 Lithium Markets 61
2.7.2 Cathode Active Materials 63
2.7.3 EV Makers and their Suppliers 63
2.8 Lithium Ion Battery Cathode and Cobalt Pricing 66
2.8.1 Lithium Nickel Manganese Cobalt Oxide Linimncoo2 Powder for Lithium Ion Battery Cathode Materials-Gn-Nmc 66
2.8.2 Linicomno2 (NCM) Powder for High Capacity Li-ion Battery Cathode, (Ni: Co: Mn=1: 1: 1) , Lib-Lncm111 67
2.8.3 LiFePO4 Cathode Material CAS 15365-14-7 67
2.9 Lithium Ion Battery Cathode Regional Market Segments 71
2.9.1 Europe 74
2.9.2 China Cathode Market Participation 75

3. Lithium Ion Battery Cathode Product Description 79
3.1 Lithium Battery NMC Cathodes 79
3.2 Lithium Ion Battery Cathode Market Segment Analysis 80
3.2.1 Cost Of Lithium-Ion Battery Cathodes Continues To Decrease 80
3.2.2 Cathode Segments, NMC 532, NMC 622, NMC 811, Market Segments 81
3.2.3 Cathode Market Growth, Tonnes 84
3.2.4 Cathode Market Growth, Tonnes, Worldwide, 2013 – 2017 86
3.2.5 NMC 88
3.2.6 NMC and NCA 88
3.2.7 LFP 88
3.2.8 80 Percent Nickel, 10 Percent Cobalt And 10 Percent Manganese NMC 811 88
3.2.9 Cathode Unit Analysis in Tonnes 2012 89
3.2.10 Ternary Cathode Materials (NCA/NCM) 90
3.3 Category : LiNiMnCo (NMC) Batteries 90
3.4 NMC 811 Battery Production 95

4. Lithium Ion Battery Cathode Research and Technology 97
4.1 Available Battery Choices: 97
4.2 Lithium Cobalt Oxide(LiCoO2) 105
4.3 NMC 106

5. Lithium Ion Battery Cathode Company Profiles 107
5.1 3M Sells NMC to Umicore 107
5.1.1 3M Strategic Relationship with Amperex Technologies for NMC Li-Ion Cathode Materials 108
5.1.2 3M Offered Three Cathode Products 109
5.1.3 3M NMC Transfer to Umicore 110
5.2 Argonne National Labs 110
5.3 B&M 110
5.4 BASF 111
5.4.1 BASF NCM Cathode Materials 115
5.4.2 BASF One Of Two Licensed Suppliers of the U.S. Department of Energy’s (DOE) Argonne National Laboratory-Patented NCM Cathode Materials 116
5.4.3 BASF and Toda Kogyo 117
5.4.4 BASF - ANL Collaboration on NCM Cathode Materials 118
5.4.5 BASF and General Motors GM NMC 119
5.5 BYD 121
5.6 Easpring 121
5.6.1 Easpring Revenue 121
5.6.2 Easpring Production Capacity 123
5.7 FDK 124
5.8 Fujitsu 124
5.8.1 Fujitsu Laboratories 124
5.8.2 FDK Corporation and Fujitsu Laboratories 126
5.8.3 Fujitsu Low-Cost, Cobalt-Free Lithium Rechargeable Batteries 128
5.8.4 Fujitsu Cathode Terminology 130
5.8.5 Fujitsu 130
5.8.6 Fujitsu Laboratories 131
5.9 Hitachi Chemical 131
5.9.1 Hitachi Lithium Ion Battery 131
5.10 JFE Techno-Research 135
5.10.1 JFE Catalyst Evaluation and Development Support 136
5.11 Jinhe (website not available) 138
5.12 L&F 138
5.13 LG 138
5.13.1 LG Chem Embraces NMC 811 Cathode 141
5.13.2 LG Chem and 3M Nickel-Manganese-Cobalt-Oxide Cathode Patent License Agreement 142
5.13.3 LG Chem Supplies NMC-based Li-ion Cells For Plug-In Vehicles, Including Chevy Volt142
5.14 Long Power Systems 144
5.15 Mitsubishi 144
5.16 NEI Corporation 144
5.16.1 NEI Cathode & Anode Powders 145
5.16.2 NEI Lithium Manganese Oxide (LMO) Powders » 148
5.16.3 NEI Lithium Nickel Cobalt Aluminum Oxide (NCA) Powders 148
5.16.4 Lithium Manganese Nickel Oxide (LMNO / Spinel) Powders 148
5.16.5 NEI Custom Lithium-ion Battery Powders 149
5.17 Nichia 149
5.18 Panasonic 151
5.18.1 Panasonic offers Tesla Different Applications 153
5.18.2 Tesla Gigafactory 156
5.18.3 Panasonic Nickel Cobalt Aluminum and Nickel Manganese Cobalt 157
5.18.4 Panasonic / Tesla Cathodes 158
5.19 Pulead 162
5.20 Reshine 163
5.21 Samsung 164
5.22 Shanshan 164
5.22.1 Shanshan Anode Materials 164
5.23 SK innovation 166
5.24 SMM 166
5.24.1 SMM Cathode Material of In-Vehicle Lithium Ion Batteries 167
5.24.2 Nickel Powder For Multilayer Ceramic Capacitors 168
5.24.3 Magnetic Powder for In-Car Motor 168
5.24.4 Development of High-Functionality Silver-Coated Copper Powder With A Controlled Shape 169
5.24.5 SMM Flake-like Silver-Coated Copper Powder Characteristics 169
5.24.6 SMM Cobalt: 169
5.24.7 SMM Produces Electrolytic Cobalt 170
5.24.8 SMM Increasing Production of NCA 171
5.24.9 SMM Monthly Production Structure 173
5.24.10 SMM Increasing Battery Material Production In Response To Growing Demand For Electric Vehicles 174
5.24.11 SMM Materials Business 175
5.24.12 Sumitomo Metal Mining Revenue 177
5.24.13 Core Advantages of SMM’s Materials Business 183
5.24.14 Sumitomo Metal Mining Co., Ltd. Sales Volume of Battery Materials 186
5.25 Targray 186
5.26 Toda Kogyo 189
5.26.1 Toda Kogyo Revenue 190
5.26.2 Toda America 190
5.26.3 BASF and Toda Strengthen Their Collaboration 191
5.26.4 BASF and Toda Combine Manufacturing Activities in the United States 191
5.27 Umicore 192
5.27.1 BASF, The World’s Largest Chemical Company, Files a Law Suit Against Belgium’s Umicore 193
5.27.2 3M NMC Powder 194
5.27.3 Umicore and One of Its Customers—Japan’s Makita 194
5.27.4 Umicore Dedicated to NMC and Cobalt 194
5.27.5 Umicore Record Performance in 2017 195
5.27.6 Umicore Revenue 196
5.27.7 2017 FY Umicore Business Review Energy & Surface Technologies Including Cathodes201
5.27.8 Umicore Acquires NMC Battery Material Patents from 3M 202
5.27.9 Umicore Boosts Capacity In Cathode Materials 203
5.28 Selected Lithium Ion Cathode Companies 204

List of Chart

Make Electric Vehicles Less Expensive Than Gas Powered Vehicles 1
Figure 1. Cathode Market Forecasts Dollars and Percent, Worldwide, 2018 - 2024 17
Figure 2. Lithium Ion Battery Cathode Description 22
Figure 3. Battery Has Graphite Anode, NMC Cathode, Lithium Electrolyte 23
Figure 4. Cathode Materials Ratio 24
Figure 5. Cathode Layered Structure 25
Figure 6. Cathode Chemistry and Metal Proportions 26
Figure 7. Cathode Typically 31% of Cost of Small Lithium Ion Battery 29
Figure 8. Cobalt 31
Figure 9. Cathodes Cost per kWh vs. $ per Gallon of Gasoline 33
Figure 10. Cathode Market Shares, Dollars, Worldwide, 2017 34
Figure 11. Cathode Market Share Positioning Descriptions, Worldwide, 2017 34
Figure 12. Lithium Ion Battery Cathode Leading Market Participants 38
Figure 13. Lithium Ion Battery Cathode Recent Entrants 39
Figure 14. Umicore 2017 FY Energy & Surface Technologies Revenue: Including Cathodes 40
Figure 15. Manufacturers Of Cathode Materials 43
Figure 16. Cathode Market Forecasts Dollars and Percent, Worldwide, 2018 - 2024 44
Figure 17. Cathode Market Forecasts, Tonnes and Percent, Worldwide, 2018 - 2024 45
Figure 18. Lithium Ion Battery Cathode Market Factors 45
Figure 19. Cathode Segments, Electric Vehicle, Smart Phones, Stationary Storage /
Grid, Power Tools, Laptops, Consumer Electronics, Drones / UUVs / UAVs, Market Segments, Dollars, Worldwide, 2018-2024 50
Figure 20. Cathode Segments, Electric Vehicle, Smart Phones, Stationary Storage / Grid, Power Tools, Laptops, Consumer Electronics, Drones / UUVs / UAVs, Market Segments, Percent, Worldwide, 2018-2024 51
Figure 21. Cathode Segments, Military, Transportation, Energy Storage, Consumer Electronics, Worldwide, 2017 52
Figure 22. Cathode Material 34.7% of Battery 55
Figure 23. Cobalt 57
Figure 24. Metric Tons of Cobalt Produced in 2016 59
Figure 25. Global Battery Mineral Supply And Demand 63
Figure 26. EV Makers and their Suppliers 63
Figure 27. Lithium Ion Battery Cell Manufacturing Cost $/kWh 70
Figure 28. Lithium Ion Battery Cathode Regional Market Segments, Dollars, Worldwide, 2017 72
Figure 29. Chinese Dominate Cathode Market in 2015 76
Figure 30. Material Development of High Density Battery 80
Figure 31. Cathode Segments, NMC 532, NMC 622, NMC 811, Market Segments, Dollars, Worldwide, 2017 81
Figure 32. Cathode Market Growth, Dollars, Worldwide, 2018 - 2024 82
Figure 33. Cathode Market Growth, Percent, Worldwide, 2018 - 2024 83
Figure 34. Cathode Market Growth, Tonnes, Worldwide, 2018 - 2024 84
Figure 35. Cathode Market Growth, Tonnes, Percent, Worldwide, 2018 – 2024 85
Figure 36. Cathode Market Growth, Tonnes, Worldwide, 2013 – 2017 86
Figure 37. Cathode Market Growth, Tonnes, Percent, Worldwide, 2013 - 2017 87
Figure 38. Output of Major Lithium Battery Cathode Material Manufacturers 2012-2013.89
Figure 39. Lithium-Ion-Batteries 93
Figure 40. Electric Vehicle 94
Figure 41. NMC 811 Battery Production 95
Figure 42. Available Batteries choices: 97
Figure 43. Nano Technology for Electrochemical Utilization of Metal Oxide 98
Figure 44. Cathode Improved Electric Conductivity 99
Figure 45. 3-D Porous Structure for Easy Access to Electrolyte Ions 100
Figure 46. NMC Cathode Ratio Examples 101
Figure 47. Li-Ion Batteries Cathode, Anode, and Other Technologies 102
Figure 48. Lithium Cathode Functions 103
Figure 49. SMM Cathode Materials 104
Figure 50. Lithium Cobalt Oxide(LiCoO2) Layered Structure 105
Figure 51. 3M NMC Cathode Materials 108
Figure 52. BASF Battery Materials Positioning 112
Figure 53. BASF Sales by Region 113
Figure 54. Sales by Direct Customer Industry 113
Figure 55. BASF Main Competitors 114
Figure 56. BASF Key Capabilities 114
Figure 57. BASF Advanced HED™ NCM Cathode Materials For Lithium-Ion Batteries Functions 115
Figure 58. BASF NCM Cathode Materials 117
Figure 59. BASF - ANL Collaboration on NCM: BASF’s Comprehensive Battery Materials Portfolio 118
Figure 60. BASF NCM Production Elyria, Ohio 120
Figure 61. Fujitsu Charge / Discharge Curves Of Cathode Material 125
Figure 62. Comparison of the Energy Densities Of The New Cathode Material Versus Conventional Cathode Materials 127
Figure 63. Fujitsu Crystal Structure Of The Of Low-Cost, Cobalt-Free Lithium Rechargeable Batteries 128
Figure 64. Fujitsu Prototype Coin-Shaped Battery Crystal Structure Of The New Material129
Figure 65. Fujitsu Voltage and Discharge Depth (*2) Of The Prototype Coin Battery 129
Figure 66. Hitachi Corporate Revenue in Trillions of Yen 131
Figure 67. Hitachi Materials Benchmarking 132
Figure 68. Hitachi Advanced Materials Revenue 133
Figure 69. Hitachi Advanced Materials Revenue Change 134
Figure 70. JFE Techno-Research Cathode Functions 136
Figure 71. JFE Examples of Clients' Catalyst-Related Requests 137
Figure 72. Structure of Rechargeable Battery 139
Figure 73. LG Chem Cathode Materials 140
Figure 74. Rechargeable Battery Components 140
Figure 75. 3M Cathode Charge / Discharge Profiles 143
Figure 76. NEI Cathode & Anode Powders 145
Figure 77. Cathode & Anode Tapes 146
Figure 78. NEI Cathode Materials 147
Figure 79. Nichia LiCoO2 150
Figure 80. Nichia Analysis of Active Materials 151
Figure 81. Tesla Lithium-Ion NCA Battery 152
Figure 82. Panasonic / Tesla NMC Battery 155
Figure 83. Construction of the Tesla Gigafactory Outside Reno, Nevada is shown February 18, 2015. 156
Figure 84. Pulead Electric Car 162
Figure 85. Ni-Co-Mn Material 167
Figure 86. SMM Ni-Co-Al Material 167
Figure 87. SMM High-Functionality Nickel Powder 168
Figure 88. SMM Sm-Fe-N Magnetic Powder 168
Figure 89. SMM Flake-Like Silver-Coated Copper Powder 169
Figure 90. SMM Cathode Materials Center 176
Figure 91. SMM Net Sales 180
Figure 92. Number of Electric Vehicles Shipped 182
Figure 93. SMM Core Divisions 185
Figure 94. Targray Cathodes 188
Figure 95. Umicore South Korean and Chinese Facilities 198
Figure 96. Umicore Volume Forecasts 199
Figure 97. Umicore 2017 FY Business Review: Catalysts 200
Figure 98. Umicore Leadership Position in NMC 204
Figure 99. Cut Cathode Producers 211
Figure 100. Cathode Makers 213

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