Trending...
- San Antonio Board of REALTORS® Among First to Use Passkey Login with Solid Earth's SSO Dashboard - 245
- Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: ASTI
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
BOULDER, Colo., Sept. 5, 2024 ~ Guidehouse Insights, a leading market research firm, has released a new report exploring the growing demand for cathode active materials (CAM) in the electric vehicle (EV) market. The report highlights six key minerals that make up the majority of the CAM market: lithium, nickel, manganese, cobalt, iron, and phosphate.
As the EV market continues to expand globally, with China leading the way in terms of adoption rates, there is a growing focus on decarbonization efforts in the medium and heavy duty vehicle (MHDV) sector. According to Guidehouse Insights' research analyst Jake Foose, this trend is expected to drive significant growth in demand for CAM over the next decade. The report projects a compound annual growth rate (CAGR) of 20.9%, with demand for these key materials reaching 5.3 million tonnes by 2033.
Foose notes that despite disruptions caused by the COVID-19 pandemic, the EV market is expected to continue its upward trajectory as infrastructure improves and decarbonization incentives are implemented in various markets. He emphasizes the importance of understanding key inputs in the global battery market, which heavily relies on China and Asia Pacific for its supply.
More on Colorado Desk
While EVs have been on the market for over a decade, their production has recently scaled up significantly. This has led to increased interest in the materials used in their batteries, particularly CAM which plays a crucial role in powering these vehicles. The report highlights lithium, nickel, and cobalt as minerals that have faced heightened scrutiny due to their use in EV batteries.
Titled "Cathode Active Materials for EV Batteries," Guidehouse Insights' report provides an analysis of global markets for EVs and their batteries, as well as an overview of industry value chains and projections for demand segmented by region and mineral type from 2024-2033. A free executive summary of the report can be downloaded from Guidehouse Insights' website. As the EV market continues to evolve and diversify, understanding the demand for CAM will be crucial for industry players and investors alike.
As the EV market continues to expand globally, with China leading the way in terms of adoption rates, there is a growing focus on decarbonization efforts in the medium and heavy duty vehicle (MHDV) sector. According to Guidehouse Insights' research analyst Jake Foose, this trend is expected to drive significant growth in demand for CAM over the next decade. The report projects a compound annual growth rate (CAGR) of 20.9%, with demand for these key materials reaching 5.3 million tonnes by 2033.
Foose notes that despite disruptions caused by the COVID-19 pandemic, the EV market is expected to continue its upward trajectory as infrastructure improves and decarbonization incentives are implemented in various markets. He emphasizes the importance of understanding key inputs in the global battery market, which heavily relies on China and Asia Pacific for its supply.
More on Colorado Desk
- Digital Watchdog Launches New myDW Cloud Services
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
- Behind the Seams: CEO of Unmarked Street Launches "The Business of Apparel" for Brand Leaders
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Lore Link is Here to Help Organize Your Game
While EVs have been on the market for over a decade, their production has recently scaled up significantly. This has led to increased interest in the materials used in their batteries, particularly CAM which plays a crucial role in powering these vehicles. The report highlights lithium, nickel, and cobalt as minerals that have faced heightened scrutiny due to their use in EV batteries.
Titled "Cathode Active Materials for EV Batteries," Guidehouse Insights' report provides an analysis of global markets for EVs and their batteries, as well as an overview of industry value chains and projections for demand segmented by region and mineral type from 2024-2033. A free executive summary of the report can be downloaded from Guidehouse Insights' website. As the EV market continues to evolve and diversify, understanding the demand for CAM will be crucial for industry players and investors alike.
Filed Under: Business
0 Comments
Latest on Colorado Desk
- Construcción del Corredor Norte–Sur (NSC) de Singapur
- New Report: Slip and Fall Accidents Rank as the Leading Cause of Construction Site Fatalities
- Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce
- Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
- DimHum Launches Revolutionary CrowdShipping Service
- Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
- Oil & Gas Cleantech Challenge Announces 2025 Call for Applications
- Infinite Health Introduces Cutting-Edge Regenerative Medicine for Wound Care with Trip Goolsby, MD
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Colorado Springs: City to offer free activities for National Park and Recreation Month
- Colorado Springs: City to observe Independence Day
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- How to Get Rid of Bed Bugs in Colorado Springs
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco
- Colorado: Gov. Polis Urges House to End the Madness and Do Right by Coloradans by Starting Over on Federal Bill
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- New Housing and Public Safety Laws Take Effect to Save Coloradans Money on Housing and Make Colorado Safer
- Morris Animal Foundation Names Ike Nicoll as Chief Executive Officer