Global Li-rich Mn-based Cathode Material Market Research Report 2025-2032
Published On : 16 May 2025
Market Overview
The global Li-rich Mn-based Cathode Material Market is experiencing significant expansion, with its valuation reaching USD 1.86 billion in 2024.
According to comprehensive industry analysis, the market is projected to grow at a CAGR of 16.4%, reaching approximately USD 5.91 billion by 2032.
Market Drivers
The market's expansion is underpinned by three fundamental drivers: regulatory mandates for EV adoption, consumer demand for longer-range vehicles, and technological advancements in material synthesis.
Automotive applications currently account for 58% of total demand.
Market Segmentation
By Type
Preparation by Solgel Method
Preparation by Coprecipitation
By Application
Electric Vehicles (BEV/PHEV)
Energy Storage Systems
Others
Key Companies
• Hitachi Maxell
• Energizer Holdings
• Panasonic Energy
• EVE Energy Co.
• Others
Regional Analysis
North America:
Market growth is propelled by the Inflation Reduction Act's battery material provisions and growing domestic supply chain investments.
Europe: Demonstrates strong demand growth, though faces raw material sourcing challenges.
Asia-Pacific: Commands over 65% of global production capacity.
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