Global Li ion Battery Ternary Precursor Market Research Report 2025 (Status and Outlook)
Report Overview:
Global Li ion Battery Ternary Precursor Market Was Valued at USD 12405.56 Million in 2024 and is Expected to Reach USD 21261.50 Million by the End of 2033, Growing at a CAGR of 6.17% Between 2025 and 2033.
Li ion Battery Ternary Precursor are intermediate products with highly uniform distribution of various elements prepared by a solution process. They can be converted into finished products by chemical reaction and play a decisive role in the performance index of finished products. The cathode material is the key material for lithium-ion batteries, and the precursor is an important raw material for the production of lithium-ion cathode materials. They are used in energy storage devices for various new energy vehicles, 3C electronics, digital cameras, drones, robots, solar energy, wind energy, as well as communication equipment and backup power for base stations.
With the continued penetration of new energy vehicles (NEVs) worldwide, demand for ternary precursors is expected to rise steadily. Alongside the accelerated decline in nickel and cobalt prices since 2023, the price gap between ternary batteries and lithium iron phosphate (LFP) batteries has been continuously narrowing — falling from about USD 0.02/Wh in early 2021 to USD 0.006/Wh by December 2024.
However, as competition among automakers enters a white-hot stage, industry rivalry is evolving from price competition to all-round competition. Ternary batteries, with their higher energy density, faster charging speed, and superior low-temperature performance, are poised to regain market favor.
In addition, the European auto market is expected to return to a growth trend under the dual catalysts of supply optimization and stricter carbon emission policies, which in turn may drive sustained growth in demand for ternary batteries.
Since the second half of 2024, lithium iron phosphate (LFP) batteries have rapidly gained market share in new energy vehicles, exerting a strong impact on the ternary battery market, whose market share has continued to decline. As of June 2025, in the Chinese market, the installed capacity ratio of ternary cells to LFP cells has reached a sharp disparity of 18.4% to 81.6%. With mid- to low-end new energy vehicles generally adopting LFP cells and many ternary manufacturers also deploying LFP projects, the survival space for ternary precursor producers is facing severe challenges.
This report provides a deep insight into the global Li ion Battery Ternary Precursor market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Li ion Battery Ternary Precursor Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Li ion Battery Ternary Precursor market in any manner.
Global Li ion Battery Ternary Precursor Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
CNGR Corporation
GEM Co., Ltd
Zhejiang Huayou Cobalt
Umicore
Brunp Recycling
Jiana Energy
Fangyuan
Kelong New Energy
Ronbay Technology
Zhejiang Power
Tanaka Chemical Corporation
Jinchuan Group
Hunan Changyuan Lico
GanfengLithium
Greatpower Technology
Others
Market Segmentation (by Type)
NCM3 Series
NCM5 Series
NCM6 Series
NCM7 Series
NCM8 Series
NCM9 Series
NCA
Others
Market Segmentation (by Application)
New Energy Vehicles
3C Electronics
Others
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Li ion Battery Ternary Precursor Market
• Overview of the regional outlook of the Li ion Battery Ternary Precursor Market:
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
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Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Li ion Battery Ternary Precursor Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to 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 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 details the production of products in major countries/regions and provides the production of major countries/regions.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 13 is the main points and conclusions of the report.
