Popular on Amzeal
- From Courtroom to Coinstore: Gram Trading Launches, Marking Lantah's Defiant Trademark Victory
- Generative AI University and Small Business Results Unite to Help Entrepreneurs Optimize Marketing and Growth
- Letters Of Hope ! Postal Apocalypse #LettersOfHope
- New Automated Platform Expands VSA's Omnichannel Capabilities
- THINKWARE Announces Labor Day Dash Cam Specials
- Unmissable Lease-to-Own Opportunity: Luxury Home in Rotonda West with a Thriving Airbnb Business
- Tobu Railway Is Operating the "Oze Night Train 23:45" On Select Dates in August, September, and October 2024!
- DialCare Announces New Chief Information Officer
- Studica Robotics Products Listed as FIRST® Legal for the FTC 2024 INTO THE DEEP Competition
- EVO Solar Inverters in Stock: Celebrate the 15th Anniversary with New Product Launch
Similar on Amzeal
- Energies Media: Unifying Insights Across the Energy Spectrum
- DocVilla Introduces Best All-in-One Customizable Cloud-Based EHR Practice Management Software for Multi-Specialty and Small Practices
- MGN Logistics, Inc. and Arvo A.I. Ltd Forge Game-Changing Partnership to Supercharge Freight Management!
- TalentWell Launches Next Generation of AI-powered Talent Sourcing with Automated, Personalized Videos
- Health is for EveryBODY™ Campaign Partners with Chip In™
- Introducing REA's Innovative Program: PathFinder Coaching™
- Planned Spin-Out to Focus on Gene Therapy for Type 1 and 2 Diabetes in Parallel to Treatments for Late Stage Lung Cancer: Genprex: Stock Symbol: GNPX
- Black Women Talk Tech's 'Roadmap to Billions' Conference Debuts in Toronto – Empowering Black Women in Tech
- An Officer and Gentlewoman, LLC Hired as Public Relations Partner for The Annual Atlanta Fashion and Polo Classic
- 5 Reasons to Choose a Local Sonoma County Photographer
Guidehouse Insights Estimates Demand for Cathode Active Materials (CAM) Market Will Grow to 5.3 Million Tonnes Globally by 2033
Amzeal News/10574819
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 Amzeal News
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 Amzeal News
- Life with Lucia and Glynn: A Global Duo Spreading Joy Through Matching Shirts and Adventures
- Luxury Real Estate Agent James Edmunds lists luxury beach home in the heart of Deerfield Beach
- Sycamore Hills Dentistry Welcomes the Yomi Robot: The Future of Dental Implant Surgery
- MGN Logistics, Inc. and Arvo A.I. Ltd Forge Game-Changing Partnership to Supercharge Freight Management!
- HFES Launches Refreshed Website Design for Inclusive Collaboration and Engagement
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 Amzeal News
- Govrn Unveils AI Assist to Address Board Data Challenges and Information Overload in the Boardroom
- L-Tron announces OSCR360 Tablet Software release v.2024.94.0
- OSCR360 featured at NYS Police FIU exhibit at the NY State Fair for Second Year
- Dr. Seth Chambers Shares Journey to Success in Implant Dentistry on Unofficial Podcast's Summer Series: "Mind, Body, & Arches"
- Datavalet is a Great Place to Work for the Second Year in a Row
- Health is for EveryBODY™ Campaign Partners with Chip In™
- Holiday Wine and Cider Tasting Event returns to the Hudson Valley
- Scott MacIntyre Graduates from Borrow Smart University Earns Certified Liability Advisor™ (CLA™) Designation
- Introducing REA's Innovative Program: PathFinder Coaching™
- Melanated Cares Foundation to Host 2024 Annual Camping Retreat "Melanated Campout" Powered by Winnebago Industries Foundation
- Health is for EveryBODY™ Welcomes Ciba Health as a Sponsor
- Are you a Life Sciences Startup in need of ADFFORDABLE WET LAB SPACE in BOSTON?
- The Future of Hiring Is Asynchronous According to Survey of 200 Jobseekers
- Planned Spin-Out to Focus on Gene Therapy for Type 1 and 2 Diabetes in Parallel to Treatments for Late Stage Lung Cancer: Genprex: Stock Symbol: GNPX
- I Feel Fine coming-of-age movie set for release on National Suicide Prevention Day
- BroadSource EMU Calling and Provisioning Protection (CAPP)
- SteepleMate Unveils AI-Powered Assist Tool to Revolutionize Church Management
- Women of Color STEM Conference Launches Inaugural Impact Awards
- VisualOn and Norlys Mark 10 Years of OTT Innovation, Reach Samsung Smart TV Integration Milestone
- Lineus Medical Announces a Reduction in Price for SafeBreak Vascular