Chemical Industry Insights By Kunal

 Global  Li-rich Mn-based cathode material market  continues to demonstrate robust growth, with its valuation reaching  USD 275 million in 2024 . According to the latest industry analysis, the market is projected to grow at a  CAGR of 7.2% , reaching approximately  USD 478 million by 2032 . This growth is primarily driven by increasing demand for high-energy-density battery materials in electric vehicles and renewable energy storage systems, particularly across Asia-Pacific economies where battery manufacturing capacity is expanding rapidly. Li-rich Mn-based cathode materials  represent an advanced class of lithium-ion battery components that outperform conventional cathode chemistries through their unique oxygen redox capabilities. These materials are increasingly favored for applications requiring extended battery life and superior energy storage capacity, making them critical components in the global transition to electrification and sustainable en...