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Lithium iron phosphate (LFP) is an inorganic compound with the formula LiFePO4. It is a gray, red-grey, brown or black solid that is insoluble in water.The global production of Lithium Iron Phosphate (LiFePO4) Material increased from 20898 tons in 2014 to 81344 tons in 2018, at a CAGR of 40.46%. In 2018, the global Lithium Iron Phosphate (LiFePO4) Material market is led by China. Europe is the second-largest region-wise market. From the manufacturer's point of view The top four producers Shenzhen Dynanonic, Hunan Shenghua Technology, strategically Anda Energy and BTR New Energy materialsaccounted for 50.53% of the world's total output in 2018.
