NCMA Cathode Material Market Summary
The co-doping of Ai and Mn in NCMA materials effectively suppresses the volume expansion of the material during charging, reduces the occurrence of internal cracks in the secondary particles, and reduces the erosion of the secondary particles by the electrolyte, thereby significantly improving the cycle time. performance, and also maintains the high-capacity characteristics very well. Therefore, NCMA material is an ideal cathode material and has broad market prospects.
According to the new market research report “NCMA Cathode Material – Global Market Insights and Sales Trends 2024”, published by QYResearch, the global NCMA Cathode Material market size is projected to reach USD 0.52 billion by 2029, at a CAGR of 27.9% during the forecast period.
- Global NCMA Cathode Material MarketSize(US$ Million), 2018-2029
Source: QYResearch, “NCMA Cathode Material – Global Market Insights and Sales Trends 2024”
- Global NCMA Cathode Material TopThreePlayers Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, “NCMA Cathode Material – Global Market Insights and Sales Trends 2024”
According to QYResearch Top Players Research Center, the global key manufacturers of NCMA Cathode Material include BASF, LG, etc.
In 2022, the global top three players had a share approximately 73.8% in terms of revenue.
Market Drivers: Quaternary lithium battery cathode material (NCMA) not only ensures performance and endurance, but also greatly reduces the cobalt content in the battery. This is a further step towards low-cost batteries. High-nickel NCMA quaternary batteries can reduce the cobalt content to less than 10%, reducing the battery cost to less than 100 US dollars/KWh (approximately RMB 650/KWh). The current cost of ternary batteries on the market is 800-850 yuan/ In the KWh range, based on the calculation of 60KWh of electricity per vehicle, a single vehicle using NCMA batteries can save 6,000-9,000 yuan.
Another advantage of quaternary lithium batteries is that they are safer. In power battery materials, the higher the nickel content, the greater the probability of dendrite generation during high-rate charge and discharge, and the worse the stability and safety. This problem has always plagued high-nickel ternary lithium.
Nickel determines the energy density of the battery and is the key to improving the cruising range. If you blindly pursue high energy density, it is difficult to guarantee safety. The combination of quaternary lithium batteries and graphite negative electrodes with added silicon-carbon layers may solve this thorny problem to a certain extent. Because the quaternary lithium battery cathode material (NCMA) improves cycle performance and maintains high-capacity characteristics, it will significantly benefit from technologies such as 800V high-voltage fast charging, along with Huawei’s “One Kilometer Per Second” super charging station, it is expected that the penetration rate of high-voltage fast charging will increase significantly in the future.
Restraint: Technology research and development progress is less than expected, etc.
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