The study involved four major activities in estimating the market size of the LIB cathode conductive auxiliary agents market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, articles from recognized authors, the gold standard and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, the monetary chain of the market, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The LIB cathode conductive auxiliary agents market comprises several stakeholders in the value chain, which include raw material sourcing, manufacturing of cathode conductive auxiliary agents, quality control and testing, distributors and end users. Various primary sources from the supply and demand sides of the LIB cathode conductive auxiliary agents market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in the lithium-ion battery cathode sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the LIB cathode conductive auxiliary agents market industry.
Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to product type, chemistry, application and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, were interviewed to understand the buyer’s perspective on the suppliers, products, fabricators, and their current usage of LIB cathode conductive auxiliary agents market and the outlook of their business, which will affect the overall market.
The following is a breakdown of the primary respondents:
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2023, available in the public domain, product portfolios, and geographical presence.
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COMPANY NAME |
DESIGNATION |
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Orion S.A. |
Head of Innovation |
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Birla Carbon |
Assistant Manager |
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Cabot Corporation |
Sales Manager |
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Imerys |
Sales Director |
Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the size of the LIB cathode conductive auxiliary agents market.
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The key players in the industry have been identified through extensive secondary research.
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The industry's supply chain has been determined through primary and secondary research.
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All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
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All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
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The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.
Data Triangulation
After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Lithium-ion batteries (LIBS) now stand at the center of modern energy storage developments. From electric vehicles (EVs) to portable electronics and renewable energy storage, these batteries cradle it all. LIBS operate based on artificial auxiliary conductive materials such as cathode active materials. They use agents to increase conductivity on the cathode material itself, which gives electrochemical batteries the ability to conduct current within the battery while charging and discharging. These agents are usually carbon-based materials, carbon black, or carbon nanotubes.
Currently, there is high demand from batteries to develop high-performance conductive agents. These not only increase the conductivity but also add energy density, cycling stability, and safety. Innovations like ultra-pure acetylene black, hybrid blends of carbon black and nanotubes, and highly graphitic structures mark new milestones in LIB technology.
The demand for sky-high cathode conductive agents has soared with the fast growth in the markets of EVs, energy storage systems, and consumer electronics. Government incentives on EV adoption, advancements in battery manufacturing, and increased focus on energy density solutions drive the market.
Stakeholders
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Raw Material Suppliers
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LIB Cathode Conductive Auxiliary Agents Manufacturers
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Quality Control and Testing
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Distributors and Suppliers
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Lithium-ion battery Manufacturers
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End user industries
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Research and Development associations
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Regulatory Bodies and Standards Organizations
Report Objectives
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To define, describe, and forecast the size of the LIB cathode conductive auxiliary agents market, in terms of value and volume.
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To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
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To estimate and forecast the market size based on product type, chemistry, application, and region.
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To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, and Rest of the World along with their key countries.
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To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market.
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To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
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To track and analyze recent developments such as expansions, new product launches, deals and agreements in the market.
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To strategically profile key market players and comprehensively analyze their core competencies.
HIGHEST CAGR MARKET IN 2023
CHINA FASTEST GROWING MARKET IN THE REGION
Growth opportunities and latent adjacency in LIB Cathode Conductive Auxiliary Agents Market