LFP Cathode Material Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
24923 | Date :
Jan, 2023 | Pages :
186 | Region : Global |
Publisher : RI
Li-phosphate offers good electrochemical performance with low resistance. This is made possible with nano-scale phosphate cathode material. The key benefits are high current rating and long cycle life, besides good thermal stability, enhanced safety and tolerance if abused.
Li-phosphate is more tolerant to full charge conditions and is less stressed than other lithium-ion systems if kept at high voltage for a prolonged time. As a trade-off, its lower nominal voltage of 3.2V/cell reduces the specific energy below that of cobalt-blended lithium-ion. With most batteries, cold temperature reduces performance and elevated storage temperature shortens the service life, and Li-phosphate is no exception. Li-phosphate has a higher self-discharge than other Li-ion batteries, which can cause balancing issues with aging. This can be mitigated by buying high quality cells and/or using sophisticated control electronics, both of which increase the cost of the pack. Cleanliness in manufacturing is of importance for longevity.
The development of power battery and energy storage battery markets have affected the demand positively. But due to the original limitation of LFP\'s energy density, the usage of LFP will probably see the ceiling around 2018-2019 and transfer to a downturn trend. The global LFP capacity is concentrated in Mainland China and Taiwan.
The energy density roadmap of LFP in 2017-mechanical weight loss+ lightweight + LMFP material.
Mechanical weight loss: Lighting technology of auxiliary materials ( shell, foil), combined with optimized design of cell space, can improve 5% energy density while insuring the mechanical strength.
The TOP10 LFP material manufactures in China accounts for nearly 85% of the market share, yet it doesn\'t stop other enterprises stepping into the market. According to incomplete statistics, along with the operation of LFP capacities under construction, the total LFP capacity will reach 250 kilotons in 2018, which will be highly above the demand of around 90 kilotons. LFP batteries will be mainly used in electric buses and gradually turn to energy storage use in the future.
The price of LFP cathode material appears a downturn trend, on the other hand, few of these manufacturers can meet the power battery clients\' demand for higher performance lithium iron materials. Currently the energy density of domestic LFP battery system is about 85~100Wh/kg, which is relatively low. Capacity per gram and compact density of most domestic LFP materials are below 135wh/kg and 2.3g/cm3 respectively.
The Global LFP Cathode Material Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global LFP Cathode Material Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Guizhou Anda Energy Technology
BTR New Energy Materials
Hunan Shenghua Technology
Pulead Technology Industry
Tianjin STL Energy Technology
Shenzhen Dynanonic
Yantai Zhuoneng Battery Materials
Chongqing Terui Battery Materials
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Nano-LFP Cathode Material
Common-LFP Cathode Material In Market segmentation by applications :
Electric Vehicle
Base Station
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the LFP Cathode Material Market for the forecast period 2023 - 2030?
• What are the driving forces in the LFP Cathode Material Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the LFP Cathode Material industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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