Lithium Ion Battery Cathodes Market to Witness Widespread Expansion During 2025
The working mechanism of the lithium-ion battery is based on intercalation and deintercalation compounds, where the lithium ions from the cathode are introduced into the anode during the charging of the battery and extracted during discharge of the battery, with a minimal structural change in the anode. The selection of cathode material depends on various factors such as cell voltage, capacity, energy & power capabilities, cycle life, and operating temperature.The worldwide Lithium Ion Battery cathode market is a $7 billion market in 2018 and is expected to reach $58.9 billion by 2025.
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