In a newly released report, “New Electrode Materials for Lithium Ion Batteries -2012”, from industry analyst NanoMarkets predicts that growing need for performance batteries in consumer electronics and hybrid/electric vehicles will create a large market for novel lithium battery electrode materials.
Revenues from non-conventional electrode materials are expected to reach around $1.3bn by 2017, said the report. This represents an almost a quarter of all lithium battery electrode materials sold. At present this share is 8%.
Despite the development of new materials, the analyst believes that the mateials with the biggest potential for cathodes are lithium manganese oxide, lithium iron phosphate, nickel manganese cobalt composite and nickel cobalt alumina composite.
For anodes, the growth opportunities are to be found in lithium titanate and silicon.
This report also analyses and forecasts markets for the traditional electrode materials; lithium cobalt oxide and graphite.
Additional details about the report are available at