Pune, April 05, 2022 (GLOBE NEWSWIRE) -- Lithium Iron Phosphate Market report delivers a complete overview of key components like drivers, limitations, historic and current trends, technical development, and future growth. Research report contains company analysis, size, share, revenue and sales of the company, current advancements. Lithium Iron Phosphate market analysis also focuses on the global key top industry players in the market, with details such as company profiles, capacity, production, price, cost, revenue.
Lithium iron phosphate (LFP) is an inorganic compound with the formula LiFePO4. It is a gray, red-grey, brown or black solid that is insoluble in water.
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The global Lithium Iron Phosphate market size is estimated to be worth USD 1233.1 million in 2022 and is forecast to a readjusted size of USD 1881.9 million by 2028 with a CAGR of 7.3% during the review period.
The top players are concentrating mostly on technical developments in order to increase efficiency. The long-term growth patterns for this market can be taken by continuing the current development progresses and financial strength to participate in the best strategies.
The Major Players in the Lithium Iron Phosphate Market Are:
- Johnson Matthey
- Aleees
- BASF
- Formosa Lithium Iron Oxide
- Sumitomo Osaka Cement
- Guizhou Anda Energy
- BTR New Energy Materials
- Hunan Shenghua Technology
- Pulead Technology Industry
- Tianjin STL Energy Technology
- Shenzhen Dynanonic
- Aleees
- Chongqing Terui Battery Materials
From the manufacturer's point of view, the top four producers Shenzhen Dynanonic, Hunan Shenghua Technology, strategically Anda Energy and BTR New Energy materialsaccounted for 50% of the world's total output.
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Segment by Type
- Nano-LiFePO4
- Micron-LiFePO4
Segment by Application
- xEV Industry
- Power Li-ion Battery Industry
- Electrochemical Energy Storage
Lithium Iron Phosphate market reports offers key study on the market position of the Lithium Iron Phosphate manufacturers with facts and figures, definition, expert opinions and the latest expansions through the globe. The report also calculates the market size, sales, price, revenue, gross margin and market share, cost structure and growth rate.
Regional Analysis:
The global Lithium Iron Phosphate (LiFePO4) Material market is led by China with about 74% market share. Europe is the second-largest region-wise market with about 7% market share.
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
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Detailed TOC of Global Lithium Iron Phosphate Market Insights and Forecast to 2028
1 Study Coverage
2 Global Lithium Iron Phosphate Production
3 Global Lithium Iron Phosphate Sales in Volume & Value Estimates and Forecasts
4 Competition by Manufacturers
5 Market Size by Type
6 Market Size by Application
7 North America Lithium Iron Phosphate Market Size by Type, Application, Country
8 Europe Lithium Iron Phosphate Market Size by Type, Application, Country
9 Asia Pacific Lithium Iron Phosphate Market Size by Type, Application, Country
10 Latin America Lithium Iron Phosphate Market Size by Type, Application, Country
11 Middle East and Africa Lithium Iron Phosphate Market Size by Type, Application, Country
12 Company Profiles
13 Industry Chain and Sales Channels Analysis
14 Market Drivers, Opportunities, Challenges and Risks Factors Analysis
15 Key Findings in The Global Lithium Iron Phosphate Study
16 Appendix
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