Global and China Lithium Iron Phosphate (LFP) Battery Material Market Insight Report to 2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global and China Lithium Iron Phosphate (LFP) Battery Material Market Insight Report, 2021-2025" report has been added to ResearchAndMarkets.com's offering.

In 2020, the proportion of shipments of lithium iron phosphate power batteries in China has obviously rebounded. The price of lithium iron phosphate material has dropped sharply in recent two years, which provides sufficient space for reducing the cost of batteries in the raw material link. At present, the price of lithium iron phosphate material is 30,000 ~ 40,000 yuan/ton, and it is expected that the price will drop to 25,000 ~ 35,000 yuan/ton in the next two years.

The current application fields of lithium iron phosphate batteries include new energy vehicles, energy storage, electric ships and other power fields. Among them, the largest proportion of new energy vehicles is new energy commercial vehicles (including new energy buses and new energy special vehicles), and lithium iron phosphate batteries. The application ratio is very high; Lithium iron phosphate batteries currently used in the energy storage field account for more than 94%, including new batteries and ladder batteries, which are mainly used in UPS, backup power supply and communication energy storage; The future development of the electric ship market is expected to be good. Lithium iron phosphate batteries are all used in the electric ship field, and lithium iron phosphate batteries have also started to be used in the two-wheeled vehicle replacement market.

Although there is a large market growth space for lithium iron batteries in the future, the living environment of lithium iron battery manufacturers is not optimistic. The main reasons are as follows: 1) The market share of lithium iron phosphate batteries on the vehicle side is increasingly concentrated, and small and medium-sized battery companies cannot participate in it; 2) In some scenarios of small power and energy storage, the main competitor of lithium iron battery is lead-acid battery, and the battery price is still the primary consideration of consumers. Under the pressure of cost reduction, the gross profit margin of batteries that meet the quality requirements cannot be guaranteed; 3) The technology of lithium iron battery and materials has entered the bottleneck period, the technical barriers are gradually reduced, and the market competition is fierce; 4) Subsidies decline, and the cost pressure of car companies is transmitted to the battery factory. The profit margin of enterprises in the upstream material link of iron and lithium is very small, so it is difficult to bear the cost reduction required by the battery factory, which leads to the increased cost pressure shared by the battery factory. For the above reasons, lithium iron phosphate battery enterprises still lack confidence in the future market trend.

Companies Mentioned

• Tianjin STL Energy Technology Co., Ltd.
• Pulead Technology Industry Co., Ltd
• Shenzhen BTR New Energy Material Co., Ltd
• Yantai Zhuoneng Battery Material Co., Ltd.
• Nanjing Lasting Brilliance New Energy Technology Co., Ltd.
• Jiangxi Kingli Technology Co., Ltd.
• Guoxuan High-Tech Co., Ltd.
• Shenzhen Tianjiao Technology Development Ltd.
• Shenzhen Dynanonic Co., Ltd.
• GuanghanMufu Lithium Power Materials Co., Ltd.

Key Topics Covered:

1 Market analysis of lithium iron phosphate cathode materials

2 Market analysis of lithium iron phosphate battery

2.1 Lithium battery market analysis

2.2 Application status and characteristics of lithium iron phosphate battery

2.3 Analysis of the price development trend of lithium iron phosphate battery

2.4 Analysis of price trend and influencing factors of lithium iron phosphate battery

2.5 Analysis of cost trend and influencing factors of lithium iron phosphate battery

2.6 Technical requirements for lithium iron phosphate battery in subdivided fields

2.7 Lithium iron phosphate battery technology development trend analysis

3. Analysis of downstream application market of lithium iron phosphate battery

3.1 Market Status and Trend Analysis of Lithium Iron Phosphate Battery for Vehicles

3.2 Market Status and Trend Analysis of Lithium Iron Phosphate Battery for Energy Storage

3.3 Market Status and Trend Analysis of Marine Lithium Iron Phosphate Battery

3.4 Market Status and Trend Analysis of Lithium Iron Phosphate Battery for Electric Forklift

3.5 Market Status and Trend Analysis of Lithium Iron Phosphate Battery for Electric Low Speed Vehicles

3.6 Market Status and Trend Analysis of Lithium Iron Phosphate Battery for AGV

3.7 Market Status and Trend Analysis of Lithium Iron Phosphate Battery Used in Other Fields

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