세계의 LFP 양극재료 시장 : 시장 점유율과 순위, 전체 판매 및 수요 예측(2025-2031년)

The global market for LFP Cathode Material was estimated to be worth US$ 12616 million in 2024 and is forecast to a readjusted size of US$ 31801 million by 2031 with a CAGR of 12.4% during the forecast period 2025-2031.

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on LFP Cathode Material cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Lithium Iron Phosphate (LFP) cathode material is a type of lithium-ion battery cathode chemistry that uses LiFePO4 as the active material, offering advantages such as high thermal stability, long cycle life, and improved safety compared to nickel- or cobalt-based chemistries. LFP is widely recognized for its lower cost and environmental friendliness, as it eliminates the use of scarce and expensive metals like cobalt and nickel. In 2024, global production reached approximately 2,580 kilotons, with an average global market price of around US$4,890 per ton. LFP materials are typically produced through solid-state synthesis or hydrothermal methods, with particle morphology control, doping, and carbon coating techniques employed to enhance conductivity and performance. Their stable olivine crystal structure provides excellent structural integrity during charge-discharge cycles, making them particularly suitable for high-cycle, deep-discharge applications.

Market Overview

The global LFP cathode material market has experienced a rapid growth trajectory in recent years, primarily driven by the booming demand for electric vehicles (EVs), stationary energy storage systems, and renewable energy integration. LFP's competitive advantages, such as superior safety performance, tolerance to overcharging, and robust thermal resistance, have made it a preferred choice for entry- to mid-range EV models, electric buses, and grid-scale storage projects. In China, which accounts for the majority of global LFP production and consumption, large-scale manufacturing capabilities and supply chain integration have significantly lowered production costs, further accelerating adoption. Outside China, markets in Europe, North America, and Southeast Asia are increasingly adopting LFP for both transportation and utility-scale storage, supported by policies that promote cost-effective, long-life, and safe battery chemistries. The material's relatively flat voltage profile and minimal degradation under partial state-of-charge conditions also make it an attractive choice for commercial and industrial storage applications.

Market Trends

Several key trends are shaping the future of the LFP cathode material market. First, the widespread shift toward cobalt-free battery chemistries is boosting LFP demand globally, especially as automakers seek to reduce raw material cost volatility and supply chain risks associated with cobalt and nickel. Second, advancements in material engineering-such as nano-sizing, surface modification, and hybrid lithium manganese iron phosphate (LMFP) formulations-are pushing LFP's energy density closer to that of nickel-manganese-cobalt (NMC) batteries, expanding its competitiveness beyond short-range applications. Third, the stationary storage market, driven by renewable energy expansion and grid modernization efforts, is projected to be a major growth segment for LFP in the next decade. Finally, the localization of LFP production in regions like North America and Europe is gaining momentum, supported by investments from Chinese and local battery material manufacturers. These factors, combined with a global push for sustainable, safe, and cost-effective energy storage solutions, indicate that LFP will maintain a significant and growing share of the lithium-ion battery market in the foreseeable future.

This report aims to provide a comprehensive presentation of the global market for LFP Cathode Material, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of LFP Cathode Material by region & country, by Type, and by Application.

The LFP Cathode Material market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LFP Cathode Material.

Market Segmentation

By Company

• Sumitomo Metal Mining (Sumitomo Osaka Cement)
• Guizhou Anda Energy Technology
• Fulin P.M.
• Shandong Fengyuan
• Pulead Technology Industry
• Shenzhen Dynanonic
• RT-Hitech
• Chongqing Terui Battery Materials
• Gotion High-tech
• Hunan Yuneng

Segment by Type

• Nano-LFP Cathode Material
• Common-LFP Cathode Material

Segment by Application

• Electric Vehicle
• Base Station

By Region

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Australia
  • Rest of Asia-Pacific
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Netherlands
  • Nordic Countries
  • Rest of Europe
• Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
• Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of MEA

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 2: Detailed analysis of LFP Cathode Material manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Sales, revenue of LFP Cathode Material in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Sales, revenue of LFP Cathode Material in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

Table of Contents

1 Market Overview

• 1.1 LFP Cathode Material Product Introduction
• 1.2 Global LFP Cathode Material Market Size Forecast
  • 1.2.1 Global LFP Cathode Material Sales Value (2020-2031)
  • 1.2.2 Global LFP Cathode Material Sales Volume (2020-2031)
  • 1.2.3 Global LFP Cathode Material Sales Price (2020-2031)
• 1.3 LFP Cathode Material Market Trends & Drivers
  • 1.3.1 LFP Cathode Material Industry Trends
  • 1.3.2 LFP Cathode Material Market Drivers & Opportunity
  • 1.3.3 LFP Cathode Material Market Challenges
  • 1.3.4 LFP Cathode Material Market Restraints
• 1.4 Assumptions and Limitations
• 1.5 Study Objectives
• 1.6 Years Considered

2 Competitive Analysis by Company

• 2.1 Global LFP Cathode Material Players Revenue Ranking (2024)
• 2.2 Global LFP Cathode Material Revenue by Company (2020-2025)
• 2.3 Global LFP Cathode Material Players Sales Volume Ranking (2024)
• 2.4 Global LFP Cathode Material Sales Volume by Company Players (2020-2025)
• 2.5 Global LFP Cathode Material Average Price by Company (2020-2025)
• 2.6 Key Manufacturers LFP Cathode Material Manufacturing Base and Headquarters
• 2.7 Key Manufacturers LFP Cathode Material Product Offered
• 2.8 Key Manufacturers Time to Begin Mass Production of LFP Cathode Material
• 2.9 LFP Cathode Material Market Competitive Analysis
  • 2.9.1 LFP Cathode Material Market Concentration Rate (2020-2025)
  • 2.9.2 Global 5 and 10 Largest Manufacturers by LFP Cathode Material Revenue in 2024
  • 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in LFP Cathode Material as of 2024)
• 2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type

• 3.1 Introduction by Type
  • 3.1.1 Nano-LFP Cathode Material
  • 3.1.2 Common-LFP Cathode Material
• 3.2 Global LFP Cathode Material Sales Value by Type
  • 3.2.1 Global LFP Cathode Material Sales Value by Type (2020 VS 2024 VS 2031)
  • 3.2.2 Global LFP Cathode Material Sales Value, by Type (2020-2031)
  • 3.2.3 Global LFP Cathode Material Sales Value, by Type (%) (2020-2031)
• 3.3 Global LFP Cathode Material Sales Volume by Type
  • 3.3.1 Global LFP Cathode Material Sales Volume by Type (2020 VS 2024 VS 2031)
  • 3.3.2 Global LFP Cathode Material Sales Volume, by Type (2020-2031)
  • 3.3.3 Global LFP Cathode Material Sales Volume, by Type (%) (2020-2031)
• 3.4 Global LFP Cathode Material Average Price by Type (2020-2031)

4 Segmentation by Application

• 4.1 Introduction by Application
  • 4.1.1 Electric Vehicle
  • 4.1.2 Base Station
• 4.2 Global LFP Cathode Material Sales Value by Application
  • 4.2.1 Global LFP Cathode Material Sales Value by Application (2020 VS 2024 VS 2031)
  • 4.2.2 Global LFP Cathode Material Sales Value, by Application (2020-2031)
  • 4.2.3 Global LFP Cathode Material Sales Value, by Application (%) (2020-2031)
• 4.3 Global LFP Cathode Material Sales Volume by Application
  • 4.3.1 Global LFP Cathode Material Sales Volume by Application (2020 VS 2024 VS 2031)
  • 4.3.2 Global LFP Cathode Material Sales Volume, by Application (2020-2031)
  • 4.3.3 Global LFP Cathode Material Sales Volume, by Application (%) (2020-2031)
• 4.4 Global LFP Cathode Material Average Price by Application (2020-2031)

5 Segmentation by Region

• 5.1 Global LFP Cathode Material Sales Value by Region
  • 5.1.1 Global LFP Cathode Material Sales Value by Region: 2020 VS 2024 VS 2031
  • 5.1.2 Global LFP Cathode Material Sales Value by Region (2020-2025)
  • 5.1.3 Global LFP Cathode Material Sales Value by Region (2026-2031)
  • 5.1.4 Global LFP Cathode Material Sales Value by Region (%), (2020-2031)
• 5.2 Global LFP Cathode Material Sales Volume by Region
  • 5.2.1 Global LFP Cathode Material Sales Volume by Region: 2020 VS 2024 VS 2031
  • 5.2.2 Global LFP Cathode Material Sales Volume by Region (2020-2025)
  • 5.2.3 Global LFP Cathode Material Sales Volume by Region (2026-2031)
  • 5.2.4 Global LFP Cathode Material Sales Volume by Region (%), (2020-2031)
• 5.3 Global LFP Cathode Material Average Price by Region (2020-2031)
• 5.4 North America
  • 5.4.1 North America LFP Cathode Material Sales Value, 2020-2031
  • 5.4.2 North America LFP Cathode Material Sales Value by Country (%), 2024 VS 2031
• 5.5 Europe
  • 5.5.1 Europe LFP Cathode Material Sales Value, 2020-2031
  • 5.5.2 Europe LFP Cathode Material Sales Value by Country (%), 2024 VS 2031
• 5.6 Asia Pacific
  • 5.6.1 Asia Pacific LFP Cathode Material Sales Value, 2020-2031
  • 5.6.2 Asia Pacific LFP Cathode Material Sales Value by Region (%), 2024 VS 2031
• 5.7 South America
  • 5.7.1 South America LFP Cathode Material Sales Value, 2020-2031
  • 5.7.2 South America LFP Cathode Material Sales Value by Country (%), 2024 VS 2031
• 5.8 Middle East & Africa
  • 5.8.1 Middle East & Africa LFP Cathode Material Sales Value, 2020-2031
  • 5.8.2 Middle East & Africa LFP Cathode Material Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions

• 6.1 Key Countries/Regions LFP Cathode Material Sales Value Growth Trends, 2020 VS 2024 VS 2031
• 6.2 Key Countries/Regions LFP Cathode Material Sales Value and Sales Volume
  • 6.2.1 Key Countries/Regions LFP Cathode Material Sales Value, 2020-2031
  • 6.2.2 Key Countries/Regions LFP Cathode Material Sales Volume, 2020-2031
• 6.3 United States
  • 6.3.1 United States LFP Cathode Material Sales Value, 2020-2031
  • 6.3.2 United States LFP Cathode Material Sales Value by Type (%), 2024 VS 2031
  • 6.3.3 United States LFP Cathode Material Sales Value by Application, 2024 VS 2031
• 6.4 Europe
  • 6.4.1 Europe LFP Cathode Material Sales Value, 2020-2031
  • 6.4.2 Europe LFP Cathode Material Sales Value by Type (%), 2024 VS 2031
  • 6.4.3 Europe LFP Cathode Material Sales Value by Application, 2024 VS 2031
• 6.5 China
  • 6.5.1 China LFP Cathode Material Sales Value, 2020-2031
  • 6.5.2 China LFP Cathode Material Sales Value by Type (%), 2024 VS 2031
  • 6.5.3 China LFP Cathode Material Sales Value by Application, 2024 VS 2031
• 6.6 Japan
  • 6.6.1 Japan LFP Cathode Material Sales Value, 2020-2031
  • 6.6.2 Japan LFP Cathode Material Sales Value by Type (%), 2024 VS 2031
  • 6.6.3 Japan LFP Cathode Material Sales Value by Application, 2024 VS 2031
• 6.7 South Korea
  • 6.7.1 South Korea LFP Cathode Material Sales Value, 2020-2031
  • 6.7.2 South Korea LFP Cathode Material Sales Value by Type (%), 2024 VS 2031
  • 6.7.3 South Korea LFP Cathode Material Sales Value by Application, 2024 VS 2031
• 6.8 Southeast Asia
  • 6.8.1 Southeast Asia LFP Cathode Material Sales Value, 2020-2031
  • 6.8.2 Southeast Asia LFP Cathode Material Sales Value by Type (%), 2024 VS 2031
  • 6.8.3 Southeast Asia LFP Cathode Material Sales Value by Application, 2024 VS 2031
• 6.9 India
  • 6.9.1 India LFP Cathode Material Sales Value, 2020-2031
  • 6.9.2 India LFP Cathode Material Sales Value by Type (%), 2024 VS 2031
  • 6.9.3 India LFP Cathode Material Sales Value by Application, 2024 VS 2031

7 Company Profiles

• 7.1 Sumitomo Metal Mining (Sumitomo Osaka Cement)
  • 7.1.1 Sumitomo Metal Mining (Sumitomo Osaka Cement) Company Information
  • 7.1.2 Sumitomo Metal Mining (Sumitomo Osaka Cement) Introduction and Business Overview
  • 7.1.3 Sumitomo Metal Mining (Sumitomo Osaka Cement) LFP Cathode Material Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.1.4 Sumitomo Metal Mining (Sumitomo Osaka Cement) LFP Cathode Material Product Offerings
  • 7.1.5 Sumitomo Metal Mining (Sumitomo Osaka Cement) Recent Development
• 7.2 Guizhou Anda Energy Technology
  • 7.2.1 Guizhou Anda Energy Technology Company Information
  • 7.2.2 Guizhou Anda Energy Technology Introduction and Business Overview
  • 7.2.3 Guizhou Anda Energy Technology LFP Cathode Material Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.2.4 Guizhou Anda Energy Technology LFP Cathode Material Product Offerings
  • 7.2.5 Guizhou Anda Energy Technology Recent Development
• 7.3 Fulin P.M.
  • 7.3.1 Fulin P.M. Company Information
  • 7.3.2 Fulin P.M. Introduction and Business Overview
  • 7.3.3 Fulin P.M. LFP Cathode Material Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.3.4 Fulin P.M. LFP Cathode Material Product Offerings
  • 7.3.5 Fulin P.M. Recent Development
• 7.4 Shandong Fengyuan
  • 7.4.1 Shandong Fengyuan Company Information
  • 7.4.2 Shandong Fengyuan Introduction and Business Overview
  • 7.4.3 Shandong Fengyuan LFP Cathode Material Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.4.4 Shandong Fengyuan LFP Cathode Material Product Offerings
  • 7.4.5 Shandong Fengyuan Recent Development
• 7.5 Pulead Technology Industry
  • 7.5.1 Pulead Technology Industry Company Information
  • 7.5.2 Pulead Technology Industry Introduction and Business Overview
  • 7.5.3 Pulead Technology Industry LFP Cathode Material Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.5.4 Pulead Technology Industry LFP Cathode Material Product Offerings
  • 7.5.5 Pulead Technology Industry Recent Development
• 7.6 Shenzhen Dynanonic
  • 7.6.1 Shenzhen Dynanonic Company Information
  • 7.6.2 Shenzhen Dynanonic Introduction and Business Overview
  • 7.6.3 Shenzhen Dynanonic LFP Cathode Material Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.6.4 Shenzhen Dynanonic LFP Cathode Material Product Offerings
  • 7.6.5 Shenzhen Dynanonic Recent Development
• 7.7 RT-Hitech
  • 7.7.1 RT-Hitech Company Information
  • 7.7.2 RT-Hitech Introduction and Business Overview
  • 7.7.3 RT-Hitech LFP Cathode Material Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.7.4 RT-Hitech LFP Cathode Material Product Offerings
  • 7.7.5 RT-Hitech Recent Development
• 7.8 Chongqing Terui Battery Materials
  • 7.8.1 Chongqing Terui Battery Materials Company Information
  • 7.8.2 Chongqing Terui Battery Materials Introduction and Business Overview
  • 7.8.3 Chongqing Terui Battery Materials LFP Cathode Material Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.8.4 Chongqing Terui Battery Materials LFP Cathode Material Product Offerings
  • 7.8.5 Chongqing Terui Battery Materials Recent Development
• 7.9 Gotion High-tech
  • 7.9.1 Gotion High-tech Company Information
  • 7.9.2 Gotion High-tech Introduction and Business Overview
  • 7.9.3 Gotion High-tech LFP Cathode Material Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.9.4 Gotion High-tech LFP Cathode Material Product Offerings
  • 7.9.5 Gotion High-tech Recent Development
• 7.10 Hunan Yuneng
  • 7.10.1 Hunan Yuneng Company Information
  • 7.10.2 Hunan Yuneng Introduction and Business Overview
  • 7.10.3 Hunan Yuneng LFP Cathode Material Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.10.4 Hunan Yuneng LFP Cathode Material Product Offerings
  • 7.10.5 Hunan Yuneng Recent Development

8 Industry Chain Analysis

• 8.1 LFP Cathode Material Industrial Chain
• 8.2 LFP Cathode Material Upstream Analysis
  • 8.2.1 Key Raw Materials
  • 8.2.2 Raw Materials Key Suppliers
  • 8.2.3 Manufacturing Cost Structure
• 8.3 Midstream Analysis
• 8.4 Downstream Analysis (Customers Analysis)
• 8.5 Sales Model and Sales Channels
  • 8.5.1 LFP Cathode Material Sales Model
  • 8.5.2 Sales Channel
  • 8.5.3 LFP Cathode Material Distributors

9 Research Findings and Conclusion

10 Appendix

• 10.1 Research Methodology
  • 10.1.1 Methodology/Research Approach
    • 10.1.1.1 Research Programs/Design
    • 10.1.1.2 Market Size Estimation
    • 10.1.1.3 Market Breakdown and Data Triangulation
  • 10.1.2 Data Source
    • 10.1.2.1 Secondary Sources
    • 10.1.2.2 Primary Sources
• 10.2 Author Details
• 10.3 Disclaimer