Global Lithium Nickel Cobalt Manganese Oxide Market Growth 2025-2031

Global Lithium Nickel Cobalt Manganese Oxide Market Growth 2025-2031

The global Lithium Nickel Cobalt Manganese Oxide market size is predicted to grow from US$ 1425 million in 2025 to US$ 1194 million in 2031; it is expected to grow at a CAGR of -2.9% from 2025 to 2031.

Lithium nickel cobalt manganese Oxide short form: NMC (NCM, CMN, CNM, MNC, MCN similar with different metal combinations) is kind of anode materials, which is mainly used to manufacture energy cells or power cells. This materials combines the lithium cobalt oxide is known for its high specific energy but poor stability; lithium manganese oxide has the benefit of forming a spinel structure to achieve low internal resistance but offers a low specific energy. Lithium nickel cobalt manganese oxide combining the metals enhances each other strengths.

Global Lithium Nickel Cobalt Manganese Oxide key players include Umicore, NICHIA CORPORATION, Tanaka Chemical, L and F, 3M, etc. Global top five players hold a share about 35%.

China is the largest market, with a share about 35%, followed by South Korea and Japan, having a total share about 50 percent.

In terms of product, NMC111 is the largest segment, with a share about 45%. And in terms of application, the largest application is Battery materials for small mobile devices, followed by Battery materials for EV of Large-scale LIB.

LP Information, Inc. (LPI) ' newest research report, the “Lithium Nickel Cobalt Manganese Oxide Industry Forecast” looks at past sales and reviews total world Lithium Nickel Cobalt Manganese Oxide sales in 2024, providing a comprehensive analysis by region and market sector of projected Lithium Nickel Cobalt Manganese Oxide sales for 2025 through 2031. With Lithium Nickel Cobalt Manganese Oxide sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lithium Nickel Cobalt Manganese Oxide industry.

This Insight Report provides a comprehensive analysis of the global Lithium Nickel Cobalt Manganese Oxide landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lithium Nickel Cobalt Manganese Oxide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lithium Nickel Cobalt Manganese Oxide market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lithium Nickel Cobalt Manganese Oxide and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lithium Nickel Cobalt Manganese Oxide.

This report presents a comprehensive overview, market shares, and growth opportunities of Lithium Nickel Cobalt Manganese Oxide market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
NMC111
NMC532
NMC442
Others

Segmentation by Application:
Notebook
Tablet PC
Portable power
Electric tool
Electric bicycle
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Umicore
NICHIA CORPORATION
Tanaka Chemical
LandF
3M
TODA KOGYO CORP
BASF
AGC SEIMI CHEMICA
Shanshan Advanced Materials
Jinhe New materials
CEC
Xiamen Tungsten
Tianli
Easpring Material Technology
Kelong NewEnergy
Tianjiao Technology
Changyuan Lico
STL

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lithium Nickel Cobalt Manganese Oxide market?

What factors are driving Lithium Nickel Cobalt Manganese Oxide market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lithium Nickel Cobalt Manganese Oxide market opportunities vary by end market size?

How does Lithium Nickel Cobalt Manganese Oxide break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.