Outlook on the Lithium-Ion Battery Metals Global Market to 2031 - Players Include NEI, Huayou Cobalt, Toda Kogyo and CoreMax Among Others

DUBLIN, June 22, 2022 /PRNewswire/ -- The "Lithium-Ion Battery Metals Market - A Global and Regional Analysis: Focus on Constituent Metal, Cell Chemistry, End-Use Application, and Region - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.

The lithium-ion battery metals market was valued at $14,539.70 million in 2021 and is expected to reach $286,085.77 million by 2031, growing at a CAGR of 34.00% between 2022 and 2031.

The lithium-ion battery metals market is driven by several factors, including the surging demand for Li-ion batteries from the automotive industry, consumer electronics, and energy storage systems. In recent years, Li-ion batteries have registered an exponential surge in demand from the automotive industry, with sales of electric vehicles (EVs) reaching record heights.

Market Lifecycle Stage

Lithium-ion batteries were developed by three scientists, John B. Goodenough, M. Stanley Whittingham, and Akira Yoshino working separately in the 1970s. During the 1970s oil crisis, M. Stanley Whittingham started working on a battery that could recharge itself in a short amount of time. He started his experiments with titanium disulfide and lithium metal as electrodes.

In the 1980s, John B. Goodenough used lithium-cobalt-oxide (LCO) instead of titanium disulfide as a cathode and found that the battery doubled its energy potential. After five years, Akira Yoshino of Meijo University in Japan used petroleum coke as an anode in John B. Goodenough's LCO battery. This latest experiment by Akira Yoshino resulted in the first known lithium-ion battery prototype. The three scientists were awarded the Nobel Prize for Chemistry in 2019 due to their work in developing lithium-ion batteries.

Industrial Impact

The growth of the lithium-ion battery metals market is closely tied to the automotive industry and consumer electronics industry. The growing demand for electric vehicles and consumer electronics products such as laptops, mobile phones, and the Internet of Things (IoT) devices has led to surging demand for lithium-ion batteries around the world. Moreover, the growing adoption of lithium-ion batteries in stationary energy storage systems contributes to the growth of the lithium-ion battery metals market.

Impact of COVID-19

The outbreak of COVID-19 has caused several delays in manufacturing operations, which resulted in the slowdown of the lithium-ion battery metals market. Also, supply chain disruptions have negatively impacted the lithium-ion battery metals market. Currently, companies are trying to secure long-term supply contracts with other suppliers, to maintain smooth operations and interrupted supply of metals.

Recent Developments in the Lithium-Ion Battery Metals Market

• In April 2022, Lithion Recycling, a Canadian company, received $18 million in funding from the Quebec government. The funding was made to continue the development of a battery recycling technology that can recover 95% of strategic materials from end-of-life lithium-ion batteries and industrial waste.
• In April 2022, Contemporary Amperex Technology Co. Ltd. (CATL) won the exploration rights to a lithium clay deposit in China. CATL announced that it won the exploration rights for $135 million and further announced that the exploration site contains approximately 2.66 million tons of lithium metal oxide.
• In April 2022, Nissan and NASA announced that they are collaborating to develop lithium-ion solid-state batteries. The partnership aims to develop solid-state batteries ideal for application in commercial and aerospace industries.

Demand - Drivers and Limitations

Following are the demand drivers for the lithium-ion battery metals market:

• Growing Sales of Electric Vehicles
• Rising Demand for Application in Consumer Electronics
• Performance Benefits of Lithium-Ion Batteries over Lead-Acid Batteries

The market is expected to face some limitations too due to the following challenges:

• Rising Prices of Lithium, Cobalt, and Nickel
• Human Rights Issues Related to Cobalt Mining

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Some prominent names established in this market are:

• Umicore N.V.
• L&F Co., Ltd.
• Nichia Corporation
• BASF TODA Battery Materials LLC
• Jiangxi Ganfeng Lithium Co., Ltd.
• Livent
• Albemarle Corporation
• China Molybdenum Co., Ltd.
• Fortum
• Tianqi Lithium Corporation
• Sumitomo Metal Mining Co., Ltd.
• NEI Corporation
• Huayou Cobalt Co., Ltd.
• Toda Kogyo Corporation
• CoreMax Corporation
• Lygend Resources & Technology Co., Ltd.
• Norilsk Nickel
• BHP
• POSCO CHEMICAL
• Glencore PLC
• Wildcat Discovery Technologies
• Echion Technologies Ltd.
• CAMX Power LLC
• Allox
• Texpower EV Technologies, Inc.

Key Topics Covered:

1 Markets
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Cobalt-Free Lithium-Ion Batteries Transforming the Market
1.1.1.2 Solid-State Lithium-Ion Batteries Revolutionizing Several Markets/Industries Including Automotive, Consumer Electronics, and Energy Storage
1.1.1.3 Growing Demand for Recycled Metals from Used Lithium-Ion Batteries
1.1.1.4 Growing Demand for Battery Energy Storage Systems
1.1.2 Supply Chain Network/Map
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Consortiums, Associations, and Regulatory Bodies
1.1.3.2 Government Programs
1.1.3.3 Programs by Research Institutions and Universities
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Growing Sales of Electric Vehicles
1.2.1.2 Rising Demand for Application in Consumer Electronics
1.2.1.3 Performance Benefits of Lithium-Ion Batteries over Lead-Acid Batteries
1.2.2 Business Challenges
1.2.2.1 Rising Prices of Lithium, Cobalt, and Nickel
1.2.2.2 Human Rights Issues Related to Cobalt Mining
1.2.3 Business Strategies
1.2.3.1 Product Development Activities
1.2.3.2 Market Development Activities
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships, Collaborations, and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 High Investment in the Research and Development (R&D) of New Li-Ion Battery Metals
1.2.5.2 Lithium Production from Seawater
1.2.5.3 Investment in Renewable Energy Sources
1.2.6 Industry Attractiveness
1.2.6.1 Industry Attractiveness of Lithium-Ion Battery Metals Market
1.2.6.2 Bargaining Power of Buyers
1.2.6.3 Bargaining Power of Suppliers
1.2.6.4 Threat of Substitutes
1.2.6.5 Threat of New Entrants
1.2.6.6 Intensity of Competitive Rivalry
1.3 Start-Up Landscape
1.3.1 Key Start-Ups
1.3.2 Funding Analysis
1.3.2.1 Major Investors
1.3.2.2 New Products/Offerings
1.4 Impact of COVID-19 on the Lithium-Ion Battery Metals Market
1.5 Impact of Ukraine-Russia Conflict on the Lithium-Ion Battery Metals Market
1.5.1 Impact on Supply Chain of Lithium-Ion Batteries
1.5.2 Sanctions on Russia and Its Evaluation
1.5.2.1 Effect of Sanctions on Russia
1.5.2.2 Impact of Sanctions on Other Countries
1.5.3 Key Steps Taken by Companies in Response to Russia-Ukraine Conflict
1.5.4 The Road Ahead
1.5.4.1 New Sourcing Avenues for Key Metal Importers from Russia
1.5.4.1.1 Potential Alternatives for Cobalt Procurement
1.5.4.1.2 Potential Alternatives for Nickel Procurement
1.6 Snapshot of the Electric Vehicles Market
1.7 Snapshot of the Lithium-Ion Battery Recycling Market

2 Application
2.1 Lithium-Ion Battery Metals Market (by End-Use Application)
2.1.1 Automotive Industry
2.1.2 Consumer Electronics Industry
2.1.3 Energy Storage Systems
2.1.4 Other End-Use Applications
2.1.4.1 Medical Devices
2.1.4.2 Power Tools
2.2 . Demand Analysis of the Lithium-Ion Battery Metals Market (by End-Use Application), Value and Volume, 2021-2031

3 Products
3.1 Lithium-Ion Battery Metals Market (by Constituent Metal)
3.1.1 Lithium
3.1.2 Cobalt
3.1.3 Nickel
3.1.4 Other Constituent Metals
3.1.4.1 Aluminum
3.1.4.2 Manganese
3.1.4.3 Iron
3.2 Demand Analysis of the Lithium-Ion Battery Metals Market (by Constituent Metal), Value and Volume, 2021-2031
3.3 Lithium-Ion Battery Metals Market (by Cell Chemistry)
3.3.1 Lithium-Cobalt Oxide (LCO)
3.3.2 Nickel-Cobalt-Manganese (NMC)
3.3.3 Nickel-Cobalt-Aluminum (NCA)
3.3.4 Lithium-Magnesium Oxide (LMO)
3.3.5 Lithium-Iron-Phosphate (LFP)
3.3.6 Other Cell Chemistries
3.3.6.1 Solid-State Batteries
3.3.6.2 Lithium Titanate Oxide (LTO)
3.4 Demand Analysis of the Lithium-Ion Battery Metals Market (by Cell Chemistry), Value and Volume, 2021-2031
3.5 Product Benchmarking: Growth Rate - Market Share Matrix, 2021
3.6 Patent Analysis
3.7 Constituent Metals Mining Analysis, Volume, 2020 and 2021

4 Regions

5 Markets - Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.1.1 Competitive Position Matrix
5.1.2 Product Matrix for Key Companies
5.1.3 Market Share Analysis of Key Companies
5.2 Company Profiles
5.2.1 Umicore N.V.
5.2.1.1 Company Overview
5.2.1.1.1 Role of Umicore N.V. in the Lithium-Ion Battery Metals Market
5.2.1.1.2 Product Portfolio
5.2.1.2 Production Sites
5.2.1.3 Business Strategies
5.2.1.3.1 Product Development
5.2.1.4 Corporate Strategies
5.2.1.4.1 Partnerships, Collaborations, and Joint Ventures
5.2.1.5 R&D Analysis
5.2.1.5.1 Analyst's Review
5.2.2 L&F Co., Ltd.
5.2.3 Nichia Corporation
5.2.4 BASF TODA Battery Materials LLC
5.2.5 Jiangxi Ganfeng Lithium Co., Ltd.
5.2.6 Livent
5.2.7 Albemarle Corporation
5.2.8 China Molybdenum Co., Ltd.
5.2.9 Fortum
5.2.10 Tianqi Lithium Corporation
5.2.11 Sumitomo Metal Mining Co., Ltd.
5.2.12 NEI Corporation
5.2.13 Huayou Cobalt Co., Ltd.
5.2.14 Toda Kogyo Corporation
5.2.15 CoreMax Corporation
5.2.16 Lygend Resources & Technology Co., Ltd.
5.2.17 Norilsk Nickel
5.2.18 BHP
5.2.19 POSCO CHEMICAL
5.2.20 Glencore PLC
5.2.21 Wildcat Discovery Technologies
5.2.22 Echion Technologies Ltd.
5.2.23 CAMX Power LLC
5.2.24 Allox
5.2.25 Texpower EV Technologies, Inc.

6 Research Methodology

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