The Global Layered Oxide Cathode Materials Market was valued at USD 528.73 Million in 2023 and is projected to reach USD 1.19 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 12.7% during the forecast period (2024–2030). This remarkable growth is fueled by the explosive demand for high-performance lithium-ion batteries from the electric vehicle (EV) sector, grid storage applications, and consumer electronics. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

As the world accelerates its transition to clean energy and electrified transportation, the spotlight is on the key material suppliers who are driving innovation in energy density, safety, and cost-efficiency. In this blog, we profile the Top 10 Companies in the Layered Oxide Cathode Materials Industry—a mix of chemical manufacturers, battery specialists, and technology pioneers shaping the future of global energy storage.

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🔟 1. Guizhou Zhenhua E-chem

Headquarters: Guizhou, China
Key Offering: NMC (Lithium Nickel Manganese Cobalt Oxide) Cathode Materials

Guizhou Zhenhua E-chem is a prominent manufacturer of advanced lithium-ion battery cathode materials, with a strong focus on NMC variants. The company serves major battery cell producers globally, supporting the supply chain for electric vehicles and energy storage systems.

Innovation & Growth Initiatives:

• Development of high-nickel NMC formulations (e.g., NMC 811)

• Expansion of production capacity to meet escalating EV demand

• Focus on improving material cycle life and thermal stability

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9️⃣ 2. Ningbo Ronbay New Energy

Headquarters: Ningbo, Zhejiang, China
Key Offering: NCM, NCA, and Single-Crystal Cathode Materials

Ningbo Ronbay New Energy is a leading global supplier of lithium battery cathode materials, known for its technological prowess in single-crystal and high-capacity NCM products. The company is a critical partner for top-tier battery manufacturers.

Innovation & Growth Initiatives:

• Pioneering single-crystal cathode technology for enhanced safety

• Significant investments in R&D for next-generation materials

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8️⃣ 3. Hunan Changyuan Lico

Headquarters: Changsha, Hunan, China
Key Offering: LCO, NMC, LMO Cathode Materials

Hunan Changyuan Lico is a major player in the cathode materials market, producing a diverse portfolio that includes lithium cobalt oxide (LCO) and nickel-manganese-cobalt (NMC) materials for various battery applications.

Innovation & Growth Initiatives:

• Vertical integration strategies for raw material security

• Focus on high-energy-density materials for premium electronics

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7️⃣ 4. Malion New Materials

Headquarters: Shenzhen, Guangdong, China
Key Offering: NMC, Lithium Iron Phosphate (LFP) Cathode Materials

Malion New Materials specializes in the research, development, and production of key lithium-ion battery materials. The company has a growing footprint in both layered oxide and lithium iron phosphate cathode markets.

Innovation & Growth Initiatives:

• Expansion into cobalt-free cathode alternatives

• Strategic partnerships with anode and electrolyte producers

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6️⃣ 5. Hina Battery

Headquarters: Tianjin, China
Key Offering: NCA, NMC Cathode Materials for Power Batteries

Hina Battery is a significant supplier focused on high-performance cathode materials for the power battery sector, particularly serving the electric vehicle industry with nickel-cobalt-aluminum (NCA) and NMC products.

Innovation & Growth Initiatives:

• Development of materials for fast-charging applications

• Emphasis on reducing cobalt content to lower costs

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5️⃣ 6. Natrium Energy

Headquarters: Jiangsu, China
Key Offering: Sodium-Ion Battery Cathode Materials (Layered Oxides)

Natrium Energy is at the forefront of the emerging sodium-ion battery market, developing layered oxide cathode materials as a potentially lower-cost and more sustainable alternative to lithium-ion systems.

Innovation & Growth Initiatives:

• Leading R&D in Prussian blue and layered oxide sodium cathodes

• Focusing on grid storage and low-speed EV applications

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4️⃣ 7. Shan XI Hua Yang Group New Energy

Headquarters: Shanxi, China
Key Offering: NMC Cathode Precursors and Finished Materials

Shan XI Hua Yang Group New Energy is involved in the production of cathode material precursors and finished products, leveraging its position in the resource-rich Shanxi province to ensure a stable supply chain.

Innovation & Growth Initiatives:

• Integration from precursor production to finished cathode materials

• Investment in sustainable and efficient manufacturing processes

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3️⃣ 8. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: HEDTM™ NCM Cathode Materials

BASF is a global chemical giant with a strong presence in the battery materials space. Its High Energy Density Toddler Material (HEDTM) portfolio includes advanced NCM cathode active materials for automotive and other high-end applications.

Innovation & Growth Initiatives:

• Global production footprint with facilities in Europe, Asia, and North America

• Strong focus on circular economy and closed-loop recycling

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2️⃣ 9. Umicore

Headquarters: Brussels, Belgium
Key Offering: High-Voltage NMC, NCA Cathode Materials

Umicore is a world-leading materials technology and recycling group. Its battery materials division produces ultra-high-performance cathode materials and is a pioneer in sustainable battery value chains.

Innovation & Growth Initiatives:

• Industry-leading closed-loop battery recycling technology

• Development of cobalt-free and high-manganese cathode solutions

Download FREE Sample Report:
Layered Oxide Cathode Materials Market – View in Detailed Research Report

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1️⃣ 10. Sumitomo Metal Mining Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: NCA Cathode Materials for High-Energy Applications

Sumitomo Metal Mining is a key Japanese supplier of high-quality NCA cathode materials, renowned for their use in long-range electric vehicles. The company has deep expertise in nickel refining and advanced materials processing.

Innovation & Growth Initiatives:

• Proprietary manufacturing process for high-nickel NCA materials

• Strategic alliances with global automotive and battery giants

Read Full Report:
Layered Oxide Cathode Materials Market – View in Detailed Research Report

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🔋 Outlook: The Future of Layered Oxide Cathode Materials Is High-Performance and Sustainable

The layered oxide cathode materials market is undergoing a fundamental transformation. While NMC and NCA chemistries continue to dominate for high-energy applications, the industry is investing heavily in next-generation formulations, supply chain resilience, and sustainable production practices.

📈 Key Trends Shaping the Market:

• Accelerated shift towards high-nickel, low-cobalt NMC/NCA formulations to boost energy density and reduce costs

• Growing R&D in sodium-ion layered oxide cathodes as a complementary technology to lithium-ion

• Increased vertical integration and strategic partnerships to secure raw material supply, particularly for nickel and lithium

• Stringent focus on lifecycle assessment and recycling to minimize environmental impact

Read Full Report:
Layered Oxide Cathode Materials Market – View in Detailed Research Report

The companies listed above are not only supplying the core materials for modern batteries—they’re pioneering the technological advancements that will define the next decade of energy storage.