Global Precursor Materials Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Precursor Materials market size was valued at US$ 15910 million in 2024 and is forecast to a readjusted size of USD 39090 million by 2031 with a CAGR of 13.8% during review period.

Precursor materials are intermediate products with highly uniform distribution of various elements prepared by solution process can be converted into finished products by chemical reaction and play a decisive role in the performance index of finished products. The cathode material is the key material for lithium ion batteries, and the precursor is an important raw material for the production of lithium ion cathode materials. used for energy storage devices of various Power Battery, Consumer Battery, digital cameras, drones, robots, solar energy, wind energy, etc., as well as communication equipment and backup power of such base stations.

Global key players of precursor materials include CNGR Corporation, GEM Co., Ltd, Zhejiang Huayou Cobalt, Brunp Recycling, Umicore, etc. The top five players hold a share about 58%.

Precursor Materials are mainly classified into the following types: NCM and NCA type, and NCM type is the most widely used type which takes up about 94.1% of the total sales. At present, high-nickel materials such as NCM811 and NCA9 series have become mainstream in the market. GEM's ultra-high nickel and low-cobalt (1.5% cobalt) precursors with Ni content of 96% was commercialized. NCM91 polycrystalline and NCM90 single crystals will enter the mass production stage, and NCMA quaternary precursors will enter the mass production certification stage.

Precursor Materials have wide range of applications, such as power battery and consumer battery. Power battery was the most widely used area which took up about 73% of the global market. The rapid development of this field is mainly due to the rapid growth of new energy vehicles.

This report is a detailed and comprehensive analysis for global Precursor Materials market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Precursor Materials market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (K US$/MT), 2020-2031

Global Precursor Materials market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (K US$/MT), 2020-2031

Global Precursor Materials market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (K US$/MT), 2020-2031

Global Precursor Materials market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (K US$/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Precursor Materials

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Precursor Materials market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include GEM Co., Ltd, Umicore, CNGR Corporation, Brunp Recycling, Tanaka Chemical Corporation, Kelong New Energy, Zhejiang Huayou Cobalt, Fangyuan, Greatpower Technology, Ronbay Technology, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Precursor Materials market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
NCM Type
NCA Type

Market segment by Application
Power Battery
Consumer Battery
Others

Major players covered
GEM Co., Ltd
Umicore
CNGR Corporation
Brunp Recycling
Tanaka Chemical Corporation
Kelong New Energy
Zhejiang Huayou Cobalt
Fangyuan
Greatpower Technology
Ronbay Technology
Hunan Changyuan Lico
GanfengLithium
Jiana Energy
Jinchuan Group
Zhejiang Power

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Precursor Materials product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Precursor Materials, with price, sales quantity, revenue, and global market share of Precursor Materials from 2020 to 2025.

Chapter 3, the Precursor Materials competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Precursor Materials breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Precursor Materials market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Precursor Materials.

Chapter 14 and 15, to describe Precursor Materials sales channel, distributors, customers, research findings and conclusion.