Cobalt Free Cathode Market Analysis

End-user (Automotive, Consumer Electronics)

The global cobalt free cathode market is segmented and analyzed for demand and supply by end-user into automotive, consumer electronics, and others. Out of these, the consumer electronics segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the rising adoption of digitalization across the world with the increasing living standards of people also estimated to drive the market growth. The growing number of e-commerce purchases with rising internet penetration is expected to have a positive impact on market growth in the coming years. The rising use of T.V., mobiles, computers, and laptops is also estimated to drive market growth in the coming years. More than 5 billion population around the world are using television as per the estimations of 2022.

The global cobalt free cathode market is also segmented and analyzed for demand and supply by end-user into automotive, consumer electronics, and others, out of which, the automotive segment is anticipated to hold a substantial share in the global cobalt-free cathode market over the forecast period on account of increasing demand for cobalt-free cathodes for batteries of EVs. Furthermore, the increasing demand for electric vehicles, backed by rising environmental awareness amongst the global population, is projected to fuel the segment’s growth. The rising purchase of automobile vehicles and an increasing number of vehicles on road is estimated to drive the market growth as per the market analysis.  The increasing need for people to move from one place to another place is also driving the market growth during the forecast period. As per the reports, the total revenue of dealers of motor vehicles and parts in the United States was estimated to be over USD 1 trillion by the end of 2021.

Our in-depth analysis of the global market includes the following segments: