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Global Ternary Cathode Materials (NCA, NCM) and Battery Industry Outlook to 2023: Focus on the Chinese Market - ResearchAndMarkets.com

The "Global and China Ternary Cathode Materials (NCA, NCM) and Battery Industry Report, 2017-2023" report has been added to ResearchAndMarkets.com's offering.

China recorded RMB41.71 billion in total output value and 208kt in output of cathode materials in 2017, a year-on-year increase of 95.1% and 29.53%, respectively. Specifically, the country produced 86kt of NCM, 45kt of LCO and 22kt of LMO, up 58.6%, 26.8% and 43.9% over the same period of the previous year separately. LFP output fell slightly to 55kt in the year.

The country's shipments of ternary cathode materials amounted to 86.1kt on a market scale of RMB17.235 billion in 2017, representing a year-on-year surge of 58.6% and 111.83%, respectively.

Growth in shipments and market size was largely driven by the factors as follows:

1. More than 60% of new energy vehicles (811,000 units) produced in 2017 were new energy passenger cars on which ternary batteries found an increasingly higher proportion, contributing to growth in the demand for ternary cathode materials.

2. New subsidy policies put forward higher requirements on energy density of NEV power batteries, promoting major domestic power battery makers to intensify their efforts for ternary power batteries;

3. As year-end LCO price soared by more than 60% since the start of 2017, some digital battery makers strengthened substitution of ternary materials for LCO in mid and low-end fields so as to reduce costs;

4. Lithium carbonate prices continued to rise in the second half of 2017, driving up the prices of ternary materials.

Companies Featured

  • Umicore
  • Nichia
  • L&F
  • Toda Kogyo
  • BASF
  • Sumitomo Metal Mine
  • Hunan Shanshan Advanced Material Co., Ltd.
  • Beijing Easpring Material Technology Co., Ltd.
  • Xiamen Tungsten Co., Ltd.
  • GEM
  • Fujian Zhonghe Co., Ltd.
  • Kingray New Materials Science & Technology Co., Ltd.
  • Ningbo Jinhe New Materials Co., Ltd.
  • Shenzhen Tianjiao Technology Development Co., Ltd.
  • Xinxiang Tianli Energy Co., Ltd.
  • Henan Kelong New Energy Co., Ltd.
  • Pulead Technology Industry Co., Ltd.
  • Hunan Reshine New Material Co., Ltd.
  • Yantai Zhuoneng Battery Materials Co., Ltd.
  • Tianjin B&M Science and Technology Joint-stock Co., Ltd
  • Guizhou Anda Energy Technology Corp.
  • Panasonic
  • LGC
  • Samsung SDI
  • SKI
  • Li-Tec&Accumotive
  • Tianjin LishenBattery
  • CATL
  • China BAK Battery
  • Wanxiang EV
  • Sinopoly Battery
  • CITIC GUOAN Mengguli
  • China Aviation Lithium Battery
  • Hefei Guoxuan High-tech Power Energy
  • OptimumNano

For more information about this report visit https://www.researchandmarkets.com/research/gbz8h7/global_ternary?w=4

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