Additives refer to inorganic or organic substances added to improve and optimize the properties of cathode materials, including surface modifiers, stabilizers, structural agents, etc. Among them, the surface modifier can improve the crystallinity and purity of the cathode material, and increase the theoretical specific capacity and specific energy of the material. Stabilizers can improve the cycle life and polarization resistance of the material; Structural agents can improve the crystal structure and electronic conductivity of cathode materials, and improve the electrochemical properties of materials.
Lithium battery with its high energy density, good cycle performance, small size and other outstanding advantages, in the field of new energy occupies a pivotal position, additives have the characteristics of small dosage, significant effect, can basically not increase the production cost and change the production process under the condition of significantly improving the performance of lithium battery. Lithium battery cathode materials are the decisive factor in the electrochemical performance of lithium batteries, and play a leading role in the energy density and safety performance of batteries, with China's cathode material shipments reaching 2.48 million tons in 2023, a year-on-year increase of 31%.
China's cathode material shipments from 2019 to 2023.
Source**: Joint Research Industry Consulting (Joint Research Network).
Among them, 1.65 million tons of lithium iron phosphate were shipped, 650,000 tons of ternary materials were shipped, and 8 tons of lithium cobalt oxide materials were shipped40,000 tons, lithium manganese oxide material shipments of 100,000 tons.
China's cathode material segment product shipments in 2023.
Source**: Joint Research Industry Consulting (Joint Research Network).
2024-2030 China Lithium Battery Cathode Additives Market In-depth Research and Investment Prospect Analysis Report "From the perspectives of the development environment, market operation situation, market segmentation, regional market, and competition pattern of cathode material additives, analyze the future market trend of the cathode material additives industry, tap the development potential of the cathode material additives industry, and help the high-quality development of the cathode material additives industry.
In 2022, the market size of China's lithium battery cathode material additives will exceed 600 million yuan, a year-on-year increase of more than 30%, and the market size of China's lithium battery cathode material additives is expected to exceed 4 billion yuan by 2030.
China's cathode material additives market size from 2021 to 2030.
Source**: Joint Research Industry Consulting (Joint Research Network).