The Increasing Need for Active Battery Materials is Creating a Path for Manganese Cathode
Bangalore, India: With its recently published study “Manganese Cathode Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023”, Infoholic Research forecasts that strict regulations towards environment protection and the need for high performance battery materials have triggered the demand for manganese cathode. This material-based product has revolutionized the cathode active material for batteries as it caters different user needs for high energy density and/or high load capacity.
The key technologies for manganese cathode are replaceable and rechargeable. These technologies are helping to increase the manganese cathode demand by reducing surface damage and the overall cost. The improving economic situation in developing countries is expected to increase the market potential, giving a boost to robust market growth. This trend is likely to continue during the forecast period 2016–2023 to further improve the manganese cathode market at a CAGR of 10.0% and take it to $10.11 billion by 2023.
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Currently, Asia Pacific is dominating the manganese cathode market. The region has proliferated in past decades and is continuing to grow in terms of economy. The market has the advantage of the presence of big manufacturing units and growth in per capita income. The region currently dominates the global market in both value and volume terms, and is being followed by developed regions. Europe and the US, which are home to various advanced electronic solutions, have the advantage of high social awareness among the people. The dominating trend of Asian market is expected to continue during the forecast period while the underdeveloped countries are expected to witness a higher penetration, thus pushing the manganese cathode market ahead.
In the overall manganese cathode industry, the replaceable technology finds higher utilization due to its low price, easy availability, and high performance. Thus, the replaceable technology accounts for a significant market share in manganese cathode. The contribution of these technologies is expected to increase exponentially over the years, thereby generating much higher revenues for the overall cathode market in the future.
“Manganese cathode is becoming an increasingly attractive technique for cathode materials, which enables a crystalline structure change in an overcharged state along with reserves of energy that helps in the stability of the market price. The growth in consumer electronics & automotive and changing economic scenario, especially in developing countries, shall drive the growth of the manganese cathode market in the coming years.” – Pooja Kumari, Research Analyst.
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The key insights of the report are as follows:
- The global manganese cathode market has been analyzed based on the following technology types:
- The global manganese cathode market has been analyzed based on the following applications:
- Consumer Electronics
- Industry outlook: Market trends, drivers, restraints, and opportunities
Ms. Kathakali Basu
Infoholic Research LLP