Global Precursor Materials Market Growth 2023-2029

Global Precursor Materials Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Precursor Materials Industry Forecast” looks at past sales and reviews total world Precursor Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected Precursor Materials sales for 2023 through 2029. With Precursor Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Precursor Materials industry.
This Insight Report provides a comprehensive analysis of the global Precursor Materials 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 Precursor Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Precursor Materials market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Precursor Materials 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 Precursor Materials.
The global Precursor Materials market size is projected to grow from US$ 10740 million in 2022 to US$ 29180 million in 2029; it is expected to grow at a CAGR of 29180 from 2023 to 2029.
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%. China is the largest producer, holds a share around 85%, followed by South Korea and Japan, with share 9% and 6%, separately. The largest market is China, has a share about 57%, followed by United States and Japan, with around 33% and 8% market share respectively.
This report presents a comprehensive overview, market shares, and growth opportunities of Precursor Materials market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
NCM Type
NCA Type
Segmentation by application
Power Battery
Consumer Battery
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 analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Precursor Materials market?
What factors are driving Precursor Materials market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Precursor Materials market opportunities vary by end market size?
How does Precursor Materials break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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