Global Lithium Manganese Oxide (LMO) Market Expected to Reach USD 2,037.8 Million by 2032

According to a recent market study published by Growth Market Reports, titled, Global Lithium Manganese Oxide (LMO) Market, by Capacity (Below 120 mAh/g and 120 mAh/g and above), End-use (Power Tools, Electric Vehicles [Electric Bicycles and Other Electric Vehicles], Consumer Electronics [Mobiles and Tablets, Laptops, and Others], Medical Devices, and Others), Distribution Channel (Direct Sales through Manufactures, Sales through Distributors), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa): Size, Share, Trends and Opportunity Analysis, 2017-2032, The market was valued at USD 643.5 Million in 2023 and is projected to expand at a CAGR of 13.6% 2024-2032.

Get Sample Report @ https://growthmarketreports.com/request-sample/6446

As per Growth Market Reports industry analyst, Riddhesh Dani, the global Lithium Manganese Oxide (LMO) market is anticipated to register significant growth during the forecast period, 2024-2032. Lithium manganese oxide (LMO) is one of the key materials used as a cathode in the preparation of lithium-ion batteries. Batteries with LMO provide excellent performance and are used heavily in the applications such as power tools, electric bicycles, consumer electronics, and medical devices. LMO, used in the lithium-ion batteries, enable energy storage.

The lithium manganese oxide (LMO) market is expected to grow rapidly owing to the increasing demand from the electric vehicles industry. Lithium-ion batteries play a pivotal role in development of electric vehicles. Development and optimization of cathode materials such as LMO is expected to increase the efficiency of the lithium-ion batteries.

Primary and secondary research methodology is used for keen observation and study of the lithium manganese oxide (LMO) market. The primary research methodology involves municipal agreements made with the primary respondents and consulting partners to extract critical information pertaining to the syndicated and consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to be updated with the latest market trends & developments. Validation of the estimated market size and current and future trends are done by the key opinion leaders (KOLs). These KOLs are the CXO level people from key companies in the industry and possess experience of around 10-20 years in the industry. The secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned to understand the competitive scenario, details & developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The outbreak of coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus to the online supply of consumer electronic gadgets and automotive components and creating manufacturing issues.

In January 2020, the WHO labeled the COVID-19 outbreak as a public health emergency of global concern and proclaimed it as a global pandemic in March 2020. This deadly virus has become one of the biggest pandemics in the human history. The COVID-19 outbreak is a public health emergency that affected almost every industry. The long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially across Eastern Europe, European Union, the US, and Eastern & Central Asia.

As of December 24, 2023, the pandemic had infected over 773,119,173 people, and over 6,990,067 people died from the disease. COVID-19 cases have been registered in more than 231 countries and territories. Many countries are economically weak, while others have poor healthcare systems that affect the economy and life of people.

Key Takeaways from the Study:

• Key players in the market include Anhui Genuine New Materials Co Ltd, Elcan Industries Inc., Guizhou Dalong Huicheng New Material Co., Ltd., IAMEN TOB NEW ENERGY TECHNOLOGY Co., LTD, Lorad Chemical Corporation., NEI Corporation, Qingdao Qianyun High-tech new materials Co., Ltd., SAT nano Technology Material Co., Ltd., South Manganese Investment Limited, WATSON INTERNATIONAL LIMITED, Xiamen Acey New Energy Technology Co.,Ltd.

• On the basis of capacity, the lithium manganese oxide (LMO) market is divided into below 120 mAh/g and 120 mAh/g and above. The below 120 mAh/g segment held a market share of XX% in 2023 and is expected to hold XX% share in 2032. The growth of the below 120 mAh/g segment is attributed to the increasing use in the applications such as batteries for consumer electronics and small power tools.

• In terms of end-use, the consumer electronics segment is expected to hold XX% market share by 2032. The growth of the segment is attributed to increasing demand for consumer electronics devices such as mobile phones and tablets and laptops. Increasing disposable income in developing countries and decreasing average lifespan of consumer electronic devices are some of the key parameters driving the segment.

• On the basis of distribution channel, the market is divided in segments such as direct sales through manufacturers and sales through distributors. Direct sales through manufacturers accounts for major market share, as major consumers tend to procure directly from the local manufacturers. Regions such as North America, Latin America, and Middle East & Africa depend on the distributers to ensure the steady supply. 

• Asia Pacific held a significant share of the global lithium manganese oxide (LMO) market and this trend is likely to continue in the coming years due to the rising demand for lithium-ion batteries.

Report Scope:

Target Audience:

• Supply-side: Raw material suppliers and manufacturers

• Demand Side: Lithium Manganese Oxide (LMO) manufacturing companies

• Regulatory Side: Concerned government authorities and other regulatory bodies