All Reports
3Q 2024

Cathode Active Materials for EV Batteries

Commodity Extraction and Use for Six Critical Minerals Used in EV Battery Production, with Global Commercial Market Forecasts: 2024-2033

The EV market is on an upward trajectory and in some regions, approaching a majority share of the light duty vehicle (LDV) market—most notably in China. The medium and heavy duty vehicle (MHDV) market is also expanding its decarbonization efforts, and battery EVs (BEVs) will likely represent a significant share of zero emissions vehicles in many market segments. The COVID-19 pandemic showed the fragility of global supply chains, but between 2024 and 2033 the vehicle market should see a continuing increase of electric options as EV infrastructure is built out and decarbonization incentives take hold in multiple markets. Investigating key inputs is invaluable, especially in the global battery market, which relies heavily on China and Asia Pacific for its supply.

The transition from internal combustion engine vehicles to EVs likely seems to have occurred quickly for many observers. Although EV markets have been maturing and diversifying for more than a decade, the increased scale of their production has occurred quickly. As a result, market interest has focused on the input materials needed for EVs—especially the cathode active materials used in the cathode part of the battery that sends electrons to the anode to discharge power. These materials, which include lithium, nickel, and cobalt, have faced increased scrutiny as their markets have heated up with the expansion of the EV battery market.

This Guidehouse Insights report analyzes the global markets for EVs, EV batteries, and the component materials for their cathodes. It provides an analysis of market issues, drivers, barriers, evolutions coming to the EV market, and an industry value chain. Market forecasts for demand, segmented by global region and mineral type, are provided for the period 2024-2033.

Pages 34
Tables | Charts | Figures 32
  • What will the demand for light duty EVs be over the next decade?
  • What will the demand for MHD EVs be over the next decade?
  • Which types of batteries will be most popular in each market segment?
  • What will the average battery size be for each market segment?
  • Which minerals are needed for EV batteries?
  • How much of each of these minerals will be needed for EV batteries?
  • What new types of batteries will develop during the coming decade?
  • EV OEMs
  • LDV OEMS
  • MHD OEMs
  • Battery manufacturers
  • Mineral miners
  • Government policymakers

1. Executive Summary

1.1    Market Overview

1.2    Market Forecasts

2. Market Issues

2.1    Drivers

2.1.1   EV Demand

2.1.2   New Mineral Sources

2.1.3   Free Trade Agreements

2.2    Barriers

2.2.1   Local Manufacturing Rules

2.2.2   Emerging Battery Chemistries

2.2.3   Trade Wars

2.3    Pricing

2.4    Other Business Issues

2.4.1   Battery Recycling

2.4.2   Alternative Battery Chemistries

3. Industry Value Chain

3.1    Competitive Landscape

3.1.1   Merger & Acquisition Activities

3.1.2   Business Model Evolution

4. Market Forecasts

4.1    Introduction

4.2    Methodology

4.3    Market Forecasts

4.3.1   LDV Sales

4.3.2   MHDV Market

4.3.3   Battery Market Share

4.3.4   Critical Battery Materials Demand

5. Conclusions and Recommendations

5.1    Three Big Takeaways

5.2    Recommendations

5.2.1   Battery Manufacturers

5.2.2   Government Policymakers

5.2.3   Battery Recyclers

5.2.4   Mineral Miners

6. Acronym and Abbreviation List

7. Table of Contents

8. Table of Charts and Figures

9. Scope of Study

10. Sources, Methodology and Notes

  • Estimated Demand for Critical EV Battery Materials, World Markets: 2024-2033
  • LDV Sales Revenue by Region, World Markets: 2024-2033
  • LD BEV Sales by Region, World Markets: 2024-2033
  • LD PHEV Sales by Region, World Markets: 2024-2033
  • MHDV Sales by Region, World Markets: 2024-2033
  • MHDV BEV Sales by Region, World Markets: 2024-2033
  • LD BEV Market Share by Battery Technology, World Markets: 2024-2033
  • MHD BEV Market Share by Battery Technology, World Markets: 2024-2033
  • Global Demand for Lithium by Region, World Markets: 2024-2033
  • Global Demand for Nickel by Region, World Markets: 2024-2033
  • Global Demand for Manganese by Region, World Markets: 2024-2033
  • Global Demand for Cobalt by Region, World Markets: 2024-2033
  • Global Demand for Iron by Region, World Markets: 2024-2033
  • Global Demand for Phosphate by Region, World Markets: 2024-2033
  • Pictorial Representation of the CAM Industry Value Chain
  • LDV Sales Revenue by Region, World Markets: 2024-2033
  • LD BEV Sales by Region, World Markets: 2024-2033
  • LD PHEV Sales by Region, World Markets: 2024-2033
  • MHDV Sales by Region, World Markets: 2024-2033
  • MHDV BEV Sales by Region, World Markets: 2024-2033
  • LD BEV Market Share by Battery Technology, World Markets: 2024-2033
  • MHD BEV Market Share by Battery Technology, World Markets: 2024-2033
  • LDV BEV Battery Size Forecast by Region, World Markets: 2024-2033
  • LD PHEV Battery Sizes by Technology, World Markets: 2024-2033
  • MHD BEV Battery Size Forecast by Region, World Markets: 2024-2033
  • Global Demand for Lithium by Region, World Markets: 2024-2033
  • Global Demand for Nickel by Region, World Markets: 2024-2033
  • Global Demand for Manganese by Region, World Markets: 2024-2033
  • Global Demand for Cobalt by Region, World Markets: 2024-2033
  • Global Demand for Iron by Region, World Markets: 2024-2033
  • Global Demand for Phosphate by Region, World Markets: 2024-2033
  • Estimated Demand for Critical EV Battery Materials, World Markets: 2024-2033
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