Global Lithium Manganate
Market Report
2025
The global Lithium Manganate market size will be USD 45251.5 million in 2024. Rising expansion of Global EV Market is expected to boost sales to USD 72664.02 million by 2031, with a Compound Annual Growth Rate (CAGR) of 7.00% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Lithium Manganate market size will be USD 45251.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Lithium Manganate Market Sales Revenue | 121212 | $ 45251.5 Million | 121212 | 121212 | 121212 | 7% |
North America Lithium Manganate Market Sales Revenue | 121212 | $ 18100.6 Million | 121212 | 121212 | 121212 | 5.2% |
Mexico Lithium Manganate Market Sales Revenue | 121212 | $ 1647.15 Million | 121212 | 121212 | 121212 | 5.7% |
Canada Lithium Manganate Market Sales Revenue | 121212 | $ 2172.07 Million | 121212 | 121212 | 121212 | 6% |
United States Lithium Manganate Market Sales Revenue | 121212 | $ 14281.4 Million | 121212 | 121212 | 121212 | 5% |
Europe Lithium Manganate Market Sales Revenue | 121212 | $ 13575.5 Million | 121212 | 121212 | 121212 | 5.5% |
Germany Lithium Manganate Market Sales Revenue | 121212 | $ 2687.94 Million | 121212 | 121212 | 121212 | 5.7% |
France Lithium Manganate Market Sales Revenue | 121212 | $ 1248.94 Million | 121212 | 121212 | 121212 | 4.7% |
Spain Lithium Manganate Market Sales Revenue | 121212 | $ 1113.19 Million | 121212 | 121212 | 121212 | 4.6% |
United Kingdom Lithium Manganate Market Sales Revenue | 121212 | $ 2280.68 Million | 121212 | 121212 | 121212 | 6.3% |
Russia Lithium Manganate Market Sales Revenue | 121212 | $ 2104.19 Million | 121212 | 121212 | 121212 | 4.5% |
Italy Lithium Manganate Market Sales Revenue | 121212 | $ 1167.49 Million | 121212 | 121212 | 121212 | 4.9% |
Rest of Europe Lithium Manganate Market Sales Revenue | 121212 | $ 2104.19 Million | 121212 | 121212 | 121212 | 4.2% |
Asia Pacific Lithium Manganate Market Sales Revenue | 121212 | $ 10407.8 Million | 121212 | 121212 | 121212 | 9% |
Japan Lithium Manganate Market Sales Revenue | 121212 | $ 1436.28 Million | 121212 | 121212 | 121212 | 7.5% |
China Lithium Manganate Market Sales Revenue | 121212 | $ 4683.53 Million | 121212 | 121212 | 121212 | 8.5% |
Australia Lithium Manganate Market Sales Revenue | 121212 | $ 541.21 Million | 121212 | 121212 | 121212 | 8.7% |
India Lithium Manganate Market Sales Revenue | 121212 | $ 1248.94 Million | 121212 | 121212 | 121212 | 10.8% |
Korea Lithium Manganate Market Sales Revenue | 121212 | $ 1040.78 Million | 121212 | 121212 | 121212 | 8.1% |
Rest of APAC Lithium Manganate Market Sales Revenue | 121212 | $ 738.96 Million | 121212 | 121212 | 121212 | 8.8% |
South America Lithium Manganate Market Sales Revenue | 121212 | $ 2262.58 Million | 121212 | 121212 | 121212 | 6.4% |
Peru Lithium Manganate Market Sales Revenue | 121212 | $ 185.53 Million | 121212 | 121212 | 121212 | 6.6% |
Colombia Lithium Manganate Market Sales Revenue | 121212 | $ 201.37 Million | 121212 | 121212 | 121212 | 6.2% |
Argentina Lithium Manganate Market Sales Revenue | 121212 | $ 380.11 Million | 121212 | 121212 | 121212 | 7.3% |
Brazil Lithium Manganate Market Sales Revenue | 121212 | $ 968.38 Million | 121212 | 121212 | 121212 | 7% |
Chile Lithium Manganate Market Sales Revenue | 121212 | $ 162.91 Million | 121212 | 121212 | 121212 | 6.7% |
Rest of South America Lithium Manganate Market Sales Revenue | 121212 | $ 364.27 Million | 121212 | 121212 | 121212 | 5.5% |
Middle East and Africa Lithium Manganate Market Sales Revenue | 121212 | $ 905.03 Million | 121212 | 121212 | 121212 | 6.7% |
Egypt Lithium Manganate Market Sales Revenue | 121212 | $ 95.03 Million | 121212 | 121212 | 121212 | 7% |
Turkey Lithium Manganate Market Sales Revenue | 121212 | $ 77.83 Million | 121212 | 121212 | 121212 | 6.2% |
Rest of MEA Lithium Manganate Market Sales Revenue | 121212 | $ 106.79 Million | 121212 | 121212 | 121212 | 5.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Market Split by Distribution Channel |
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List of Competitors |
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Lithium Manganate Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Lithium manganate (LiMnO?) is a chemical compound that is predominantly employed as a cathode material in lithium-ion batteries. In comparison to other cathode materials, it provides high thermal stability, excellent safety performance, and a relatively low cost. It is an appealing choice for applications in energy storage systems, consumer electronics, and electric vehicles (EVs) due to these factors. The lithium manganate market is anticipated to experience substantial growth as a result of the increasing demand for consumer electronics and electric vehicles. The market is anticipated to experience a substantial annual growth. The adoption of renewable energy solutions and advancements in battery technology are the primary factors driving this growth.
In November 2023, Stellantis and CATL executed a non-binding memorandum of understanding (MoU) to facilitate the local supply of lithium-ion polymer (LFP) battery cells to support Stellantis' electric vehicle production in Europe. They are currently in the process of investigating the possibility of forming a joint venture to enhance the battery value chain and establish a technology roadmap. Stellantis' "Dare Forward 2030" strategy, which targets 100% BEV sales in Europe and a 50% BEV mix in the U.S. by 2030, is consistent with this partnership. The company's objective is to achieve carbon net zero by 2038. CEO Carlos Tavares of Stellantis underscored the importance of collaboration in the development of innovative and accessible battery technology, while Robin Zeng of CATL underscored the progress toward carbon neutrality. (Source: https://www.stellantis.com/en/news/press-releases/2023/november/stellantis-and-catl-sign-strategic-mou-for-the-local-supply-of-lfp-batteries-for-european-market)
The global transition to sustainable transportation has substantially increased the demand for lithium manganate. Stringent emissions regulations and incentives are being implemented by governments worldwide to encourage the adoption of electric vehicles (EVs). The EV market is anticipated to be stimulated by this regulatory support, which will consequently increase the demand for lithium-ion batteries, which rely on lithium manganate as a critical component. Consumers have become increasingly attracted to electric vehicles (EVs) as a result of advancements in battery technology, including increased energy density, quicker charging capabilities, and extended lifespans. The demand for lithium manganate is anticipated to be further stimulated by the increasing availability of EV charging infrastructure and this technological advancement. The demand for lithium manganate is expected to increase considerably as the automotive industry continues to transition to electric mobility, thereby supporting the production of high-performance batteries that are essential for the next iteration of electric vehicles.
The demand for lithium manganate has been significantly influenced by the proliferation of consumer electronics. Lithium manganate is a critical component of the cathode material in lithium-ion batteries, which are utilized to power devices such as laptops, tablets, and smartphones. The increasing demand for high-performance batteries is a direct consequence of the ongoing innovation in consumer electronics, as manufacturers are constantly striving to provide devices that are more potent and have a longer lifespan. Furthermore, the market for lithium manganate has been further stimulated by the increasing demand for these electronic devices, which is a result of the growing global middle class. The necessity for reliable and efficient battery solutions is of the utmost importance, as consumer electronics become increasingly ingrained in daily life and the trend toward portable and wearable technology continues. It is anticipated that this persistent demand will continue to drive the expansion of the lithium manganate market, guaranteeing a consistent supply of high-quality batteries for a variety of electronic applications.
High production costs are a significant constraint on the lithium manganate market. Complex and energy-intensive procedures are required for the extraction and refining of manganese and lithium, the primary raw materials for lithium manganate. Furthermore, the cost of refining these materials to attain the desirable purity levels for battery applications contributes to the overall production expenses. The profitability of manufacturers can be restricted by these high costs, which render lithium manganate less competitive in comparison to other cathode materials. Companies may consequently pursue alternative materials or technologies that provide a superior cost-to-performance ratio, which could potentially impede the expansion of the lithium manganate market.
The market for lithium manganate was substantially affected by the COVID-19 pandemic. The production and distribution of lithium-ion batteries were delayed as a result of the global supply chain disruptions caused by lockdowns and restrictions. The availability of lithium manganate was impacted by the temporary shutdown or reduced capacity of numerous manufacturing facilities. Furthermore, the pandemic resulted in a transient decrease in demand for consumer electronics and electric vehicles, as consumers directed their attention to essential expenditures and economic uncertainties increased. Nevertheless, the demand for lithium manganate experienced a rebound as economies began to recover and governments continued to advocate for renewable energy solutions. The pandemic also underscored the significance of sustainable and resilient supply chains, which in turn encouraged companies to implement more diverse and resilient sourcing strategies.
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In order to broaden their product portfolio and enhance their market shares across various regions, prominent players are emphasizing numerous critical business strategies, including partnerships, mergers and acquisitions, product innovations, and joint ventures. Companies are implementing strategic initiatives that are effective in gaining a competitive advantage in the market, such as the establishment of new manufacturing facilities, investments in R&D activities, and supply chain optimization.
In October 2023, Umicore and AESC have executed a ten-year agreement under which Umicore will provide high-nickel battery materials for EV production at AESC's US facilities. The agreement ensures Umicore's access to the North American EV battery market and supports AESC's regional development. (Source: https://www.umicore.com/en/newsroom/news/umicore-and-aesc-enter-into-long-term-supply-agreement-for-ev-battery-materials-in-north-america/) In September 2023, BASF SE collaborated with Nanotech Energy to manufacture lithium-ion batteries in North America that are low in CO2 emissions and contain locally recycled content. In North America, BASF SE will be able to provide cathode active materials that are manufactured using recycled metals on a commercial basis, thanks to the agreement with American Battery Technology Company. (Source: https://www.basf.com/global/en/media/news-releases/2023/09/p-23-292) In June 2023, POSCO Future M and General Motors have augmented their Ultium CAM joint venture in North America by enhancing Cathode Active Material (CAM) manufacturing and including Precursor CAM (pCAM) capability, with completion anticipated by 2026. (Source: https://investor.gm.com/news-releases/news-release-details/gm-and-posco-future-m-expand-ev-battery-supply-chain-north)
Top Companies Market Share in Lithium Manganate Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Lithium Manganates market, and the region is expected to have significant growth during the projected period. The market size will be influenced by the increasing sales of consumer electronics and electronics vehicles.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This can be anticipated to a combination of factors, such as the rapid industrialization, government initiatives that encourage the adoption of electric vehicles (EVs), and the increasing investments in the infrastructure necessary for battery production.
The current report Scope analyzes Lithium Manganate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Lithium Manganate market size was estimated at USD 45251.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 18100.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
According to Cognitive Market Research, the global Lithium Manganate market size was estimated at USD 45251.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 13575.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
According to Cognitive Market Research, the global Lithium Manganate market size was estimated at USD 45251.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 10407.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.
According to Cognitive Market Research, the global Lithium Manganate market size was estimated at USD 45251.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 2262.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
According to Cognitive Market Research, the global Lithium Manganate market size was estimated at USD 45251.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 905.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..
Global Lithium Manganate Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Lithium Manganate Industry growth. Lithium Manganate market has been segmented with the help of its Type Outlook:, Application Outlook: Distribution Channel, and others. Lithium Manganate market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Lithium Manganate Market?
According to Cognitive Market Research, Modified Lithium Manganate are likely to dominate the Lithium Manganate Market over the forecast period. This is because it provides enhanced stability and a higher energy density, which render it more suited for use in consumer electronics and electric vehicle batteries. The efficacy and longevity of products are enhanced by the properties of modified lithium manganate, which are the preferred choice of manufacturers.
The Lithium Manganate is the fastest-growing segment in the Lithium Manganate Market. Its expansion is driven by the growing demand for high-performance materials in a variety of applications and its cost-effectiveness. Due to the ongoing pursuit of cost-effective alternatives that do not compromise quality, the demand for standard lithium manganate is anticipated to increase substantially.
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According to Cognitive Market Research, the Consumer Electronic Battery segment holds the largest share of the market. This is because lithium manganate is extensively utilized in consumer electronics due to its exceptional energy density and stability, which are indispensable for devices such as notebooks, smartphones, and tablets.
In the Lithium Manganate Market, the Automobile Battery has been expanding at a rapid pace. The development is the result of the growing demand for electric vehicles (EVs) and the necessity for high-performance, energy-efficient batteries to power these vehicles. Demand for lithium manganate in automobile batteries is anticipated to increase substantially as the electric vehicle (EV) market expands.
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According to Cognitive Market Research, The Offline segment holds the largest market share as a result of the long-standing relationships between manufacturers and suppliers and the established supply chain networks. Industries that necessitate consistent and high-quality supplies depend on offline channels, such as direct sales and distribution through physical storefronts, for reliable and immediate access to materials.
In the Lithium Manganate market, the rapidly growing sector is the Online. The growth in this category is a result of the convenience it provides to both suppliers and consumers and the increasing digitalization of the supply chain. A broader selection of products and services is made more accessible through online platforms, which facilitates more efficient procurement processes.
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Conclusion
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Disclaimer:
Type Outlook: | Modified Lithium Manganate, Lithium Manganate |
Application Outlook: | Consumer Electronic Battery, Automobile Battery, Industrial Battery, Energy Storage Systems, Power Tools, Medical Devices, Others |
Distribution Channel | Online, Offline |
List of Competitors | Panasonic, B&M, Reshine, Tian jiao technology, NEC, BTR, NICHIA, LG chem, Shanshan, CITIC GUOAN MGL |
This chapter will help you gain GLOBAL Market Analysis of Lithium Manganate. Further deep in this chapter, you will be able to review Global Lithium Manganate Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Lithium Manganate. Further deep in this chapter, you will be able to review North America Lithium Manganate Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Lithium Manganate. Further deep in this chapter, you will be able to review Europe Lithium Manganate Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Lithium Manganate. Further deep in this chapter, you will be able to review Asia Pacific Lithium Manganate Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Lithium Manganate. Further deep in this chapter, you will be able to review South America Lithium Manganate Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Lithium Manganate. Further deep in this chapter, you will be able to review Middle East and Africa Lithium Manganate Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Lithium Manganate. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Distribution Channel Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Lithium Manganate market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Modified Lithium Manganate have a significant impact on Lithium Manganate market? |
What are the key factors affecting the Modified Lithium Manganate and Lithium Manganate of Lithium Manganate Market? |
What is the CAGR/Growth Rate of Consumer Electronic Battery during the forecast period? |
By type, which segment accounted for largest share of the global Lithium Manganate Market? |
Which region is expected to dominate the global Lithium Manganate Market within the forecast period? |
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