The Global High Nickel Ternary Material Market was valued at USD 5.12 Billion in 2022 and is projected to reach USD 25.67 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 25.4% during the forecast period (2023–2029). This growth is being driven by surging demand for electric vehicles, advancements in high-energy-density lithium-ion batteries, and the push for sustainable energy storage solutions in consumer electronics and renewable energy applications.

As the battery industry evolves toward higher performance and eco-friendly materials, the focus turns to key manufacturers who are pioneering innovations in cathode technologies. In this blog, we profile the Top 10 Companies in the High Nickel Ternary Material Market—a blend of global chemical giants, specialized material producers, and Asian powerhouses shaping the future of advanced battery chemistries.

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🔟 1. Umicore

Headquarters: Brussels, Belgium
Key Offering: NCM and NCA high-nickel cathode precursors and active materials

Umicore stands as a frontrunner in sustainable materials for batteries, supplying high-nickel ternary materials to major EV battery makers worldwide. Their expertise lies in producing nickel-rich cathodes that enhance energy density while maintaining stability, serving applications from automotive to grid storage.

Innovation Initiatives:

• Development of low-cobalt, high-nickel formulations to reduce costs and environmental impact

• Partnerships with leading automakers for next-gen EV batteries

• Commitment to carbon-neutral production by 2035

Download FREE Sample Report: High Nickel Ternary Material Market – View in Detailed Research Report

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9️⃣ 2. TANAKA CHEMICAL CORPORATION

Headquarters: Tokyo, Japan
Key Offering: High-nickel NCM powders for lithium-ion batteries

TANAKA CHEMICAL CORPORATION excels in fine chemical processing, delivering high-purity high-nickel ternary materials optimized for long-cycle-life batteries. Operating across Asia and beyond, the company supports the growing needs of the electronics and automotive sectors with reliable supply chains.

Innovation Initiatives:

• Advanced synthesis techniques for uniform particle size distribution

• Collaborations with Japanese battery firms to improve thermal stability

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8️⃣ 3. Sumitomo Metal Mining Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: NCA and high-nickel ternary cathode materials

Sumitomo Metal Mining leverages its mining heritage to produce integrated high-nickel materials, from precursors to finished cathodes. The company is a key supplier to Panasonic and other giants, focusing on scalable production for mass-market EVs. Their materials are renowned for high capacity and safety features.

Innovation Initiatives:

• Investment in recycling technologies for nickel recovery

• R&D into ultra-high nickel (over 90%) compositions

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7️⃣ 4. Nichia Corporation

Headquarters: Anan, Tokushima, Japan
Key Offering: High-nickel ternary materials for power batteries

Nichia, a pioneer in LED and battery materials, offers high-nickel ternary cathodes that boost energy density for portable devices and vehicles. With a strong emphasis on quality control, their products meet stringent international standards, aiding the transition to greener mobility.

Innovation Initiatives:

• Patented doping methods to enhance cycle life

• Expansion of production capacity in response to EV market growth

Download FREE Sample Report: High Nickel Ternary Material Market – View in Detailed Research Report

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6️⃣ 5. L&F Co., Ltd.

Headquarters: Daegu, South Korea
Key Offering: NCM high-nickel cathodes for EVs and ESS

L&F is rapidly emerging as a vital player in Korea’s battery ecosystem, specializing in high-nickel ternary materials that deliver superior performance in electric vehicles and energy storage systems. Their innovative approaches address challenges like structural degradation in high-nickel setups.

Innovation Initiatives:

• Coating technologies to improve stability and rate capability

• Strategic alliances with global battery manufacturers

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5️⃣ 6. Toda Kogyo Corp.

Headquarters: Hinokuma, Japan
Key Offering: High-nickel NCM and mixed cathode materials

Toda Kogyo has a long-standing reputation in inorganic materials, now channeling efforts into high-nickel ternary for next-generation batteries. They supply to major players like Toyota, emphasizing materials that support faster charging and longer ranges in EVs.

Innovation Initiatives:

• Current production exceeding 10,000 tons annually for high-nickel grades

• Focus on sustainable sourcing of raw materials like nickel

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4️⃣ 7. Ningbo Ronbay New Energy Technology Co., Ltd.

Headquarters: Ningbo, China
Key Offering: High-nickel ternary precursors and positive materials

Ronbay is a dominant force in China’s battery materials sector, producing large volumes of high-nickel ternary materials for domestic and international EV markets. Their vertical integration from mining to cathodes ensures cost efficiency and quality consistency.

Innovation Initiatives:

• Plans to scale high-nickel output to 200,000 tons by 2025

• Research into cobalt-free high-nickel variants

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3️⃣ 8. Easpring Material Technology Co., Ltd.

Headquarters: Ningde, China
Key Offering: NCM high-nickel cathode powders

Easpring supports the booming Chinese EV industry with high-nickel ternary materials tailored for high-power applications. As a key partner to CATL, they contribute to batteries that power millions of vehicles annually, focusing on reliability and performance.

Innovation Initiatives:

• Development of single-crystal high-nickel materials for better durability

• Investments in green manufacturing processes

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2️⃣ 9. Xiamen Tungsten Co., Ltd.

Headquarters: Xiamen, China
Key Offering: High-nickel ternary and lithium battery materials

Xiamen Tungsten brings its expertise in rare metals to the high-nickel ternary arena, offering materials that enhance battery safety and energy output. Their products are integral to 3C electronics and emerging EV segments, with a strong domestic market presence.

Innovation Initiatives:

• Aiming for 100,000 tons annual capacity in high-nickel production

• Collaborations on solid-state battery compatible materials

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1️⃣ 10. ECOPRO BM Co., Ltd.

Headquarters: Gunpo, South Korea
Key Offering: Advanced high-nickel NCM cathodes

ECOPRO BM leads in eco-friendly battery materials, specializing in high-nickel ternary cathodes that reduce reliance on scarce resources like cobalt. They serve global leaders like Samsung SDI, driving innovations in sustainable, high-performance batteries for widespread adoption.

Innovation Initiatives:

• End-to-end solutions from precursor to cathode assembly

• Strategic partnerships for sustainable practices in material production

Get Full Report Here: High Nickel Ternary Material Market – View in Detailed Research Report

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🌍 Outlook: The Future of High Nickel Ternary Materials Is High-Energy and Sustainable

The high nickel ternary material market is experiencing transformative growth. While challenges like raw material volatility persist, the sector is channeling significant investments into enhanced stability technologies, recycling infrastructure, and scalable production to meet the demands of a electrified world.

📈 Key Trends Shaping the Market:

• Rapid capacity build-up in Asia, with projections for doubled output by 2027

• Regulatory mandates for higher energy density in EV batteries by 2030

• Integration of AI in material design for optimized nickel ratios

• Strategic alliances between material suppliers and battery integrators for end-to-end innovation

Get Full Report Here: High Nickel Ternary Material Market – View in Detailed Research Report

The companies profiled here are not just supplying materials—they’re engineering the backbone of a sustainable energy future, one high-capacity cathode at a time.