Report Overview:
Battery-grade anhydrous iron phosphate (FePO) is a high-purity inorganic compound ₄ primarily used as a precursor for lithium iron phosphate (LiFePO) cathode materials in ₄ lithium-ion batteries. This specialized material is characterized by its exceptional purity levels, typically exceeding 99.5%, along with uniform particle size distribution and minimal impurity content. These properties are critical as they directly influence the electrochemical performance, energy density, and cycling stability of the final battery products.
The market growth is being driven by surging demand for lithium iron phosphate (LFP) batteries, particularly in electric vehicles and energy storage systems, due to their superior safety profile and cost-effectiveness compared to other lithium-ion chemistries. While China currently dominates production capacity, accounting for over 60% of global output, other regions are rapidly scaling up manufacturing capabilities to meet growing demand. Key industry players like Baichuan Chemical and Guizhou Phosphate Group are expanding their production capacities, with several new facilities expected to come online by 2026 to address the projected supply-demand gap.
Market Value:
The global Battery Grade Anhydrous Iron Phosphate market size was valued at USD 286 million in 2024. The market is projected to grow from USD 320 million in 2025 to USD 633 million by 2032, exhibiting a CAGR of 12.3% during the forecast period.
CAGR of 12.3% (2024 – 2032)
By Applications:
Automobile
Consumer Electronics
Energy Storage Systems
Industrial
By Types:
• Nanoscale
• Microscale
Key players include:
• Baichuan New Material Co., Ltd. (China)
• Guizhou Phosphate Group Co., Ltd. (China)
• Wanrun New Energy Technology Co., Ltd. (China)
• Hebei Anerzhe New Energy Materials Co., Ltd. (China)
• Jinmao Titanium Industry Co., Ltd. (China)
• Hunan Yuneng New Energy Materials Co., Ltd. (China)
