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Battery, Battery Materials, EV

<2023> Precursor for Cathode Technology Trend and Market Outlook (~2030)

 

Due to the serious climate change phenomenon in the 21st century, many countries around the world agree to the reduction of carbon emissions, so various activities and regulations are being actively carried out to achieve environmental conservation and a sustainable society, and the need for environmentally friendly energy is strongly emerging. The secondary battery industry is representative of environmentally friendly energy. Especially, as the vehicle is transformed from an internal combustion engine to an electric vehicle, the issue of demand and supply of various kinds of lithium-ion batteries, related materials and raw materials is getting hot. 

 

 

This report contains detailed information of precursors, which are raw materials for cathode active materials. It includes precursor manufacturing methods, process technologies, raw material supply and demand, analysis of market, and the situation of precursor suppliers. A brief description of the precursor market is as follows.

 

The self-sufficiency of secondary battery precursors is very low in Korea, because the portion of cost competitiveness is much bigger than technology. Currently, about 90% of import volume of NCM precursors in Korea is produced in China. So in the long term, investment in domestic production capacity and technology development is urgent.

 

Currently, the global market share of precursor is dominated by Chinese suppliers in both NCM / NCA and LFP. And only a few suppliers in Korea are developing and manufacturing, therefore it is difficult to respond to the demand of cathode active materials.

 

In order to prevent the difficult situation in supply and demand of raw materials due to the increase of cathode materials demand, domestic suppliers of batteries and cathode materials are striving to secure the necessary precursor demand by establishing joint ventures with Chinese suppliers through equity investment. Currently, major five precursor suppliers in China are Brunp, Zoomwe, GEM, Huayou Cobalt, Ronbay, and large-scale investment and advanced technology development are underway to find out the demand of cathode active materials in the future.

 

 

 

 

The strong point of this report

 

1. Overview of the precursors and a rich description of technology

 

2. Overall considerations in design and synthesis, which are key points in the manufacturing process of precursors.

 

3. Also containing information of precursor raw materials and cathode materials, so it will be easy to grasp the overall supply-chain of materials.

 

4. Objective and analytical figures of the market through SNE Research’s forecasts and objective precursor market forecasts based on the supplier’s expansion plan.

 

5. Detailed information on development and product status of major global precursor suppliers.

 

 

This report includes the principles and technologies of precursor manufacturing, market, raw material sourcing, supply-chain and sales status by suppliers, production plan of global Top7 suppliers, and information on 30 major global precursor suppliers.

 

 

 

 

 

1. Definition of Precursor

1.1 About Precursor

 

2. Introduction of Precursor

2.1 Crystalline Structure and Pros and Cons

2.2 Major Features by Materials

 

3. Types of Precursors

 

3.1 LCO

3.1.1 Definition of LCO

3.1.2 Manufacturing Flow of LCO

 

3.2 Ni-Based (NCM, NCA)

3.2.1 Definition of NCM

3.2.2 Definition of NCA

3.2.3 Manufacturing Flow of Ni-Based

 

3.3 LFP

3.3.1 Definition of LFP

3.3.2 Manufacturing Flow of LFP (solid phase method)

3.3.3 Manufacturing Flow of LFP (liquid phase method)

3.3.4 Manufacturing Flow of LMFP

 

 

4. Manufacturing Principle of Ternary Precursor

 

4.1 Impurity removal of precursor (Fe, Al, Cu, etc.)

4.2 Principle of Precipitation and Coprecipitation

4.3 Principle of Nucleation and Growth

4.4 Correlation of pH and Ammonia (NH3)

4.5 Characteristic Factor of Manufacturing Process in Precursor Development

 

 

5. Manufacturing Precursor

5.1 Process and Production

5.1.1 Process Flow of Precursor

5.1.2 Production Process of Precursor

5.1.3 Production Facility of Precursor

 

5.2 Major Technologies of Manufacturing Process

5.2.1 Major Technologies by Precursor Elements

5.2.2 Details of Major Technologies

 

6. Major Technologies by Precursor Process (Ternary)

 

6.1 Manufacturing Technologies of Precursor Raw Materials

6.2 Manufacturing Technologies of Precursor Metal Dissolution

6.3 Technologies of Precursor Doping and Coating

6.4 Average Particle Diameter and Size Distribution of Precursor

6.5 Reliability Assessment of Precursor

6.6 Analytical Equipment

6.6.1 ICP (Inductively Coupled Plasma)

6.6.2 BET (Brunauer Emmett Teller)

6.6.3 XRD (X-ray Diffractometer)

6.6.4 SEM (Scanning Electron Microscope)

6.6.5 DSC (Differential Scanning Calorimeter)

6.6.6 PSA (Particle Size Analyzer)

 

7. Key Management Items of Precursor

 

7.1 Features by Composition of Ni / Co / Mn

7.2 Particle Diameter and Size Distribution of Precursor

7.3 Features by Primary Particle Shape of Precursor

7.4 Features by Tap Density of Precursor

7.5 Influence of Impurities in Precursor

 

 

8. Essential Technologies of Precursor

8.1 Management Items

8.1.1 Management of Raw Material Impurities

8.1.2 Management of Industrial Water Impurities

8.1.3 Management of Foreign Substance Inflow

 

8.2 Manufacturing and Synthesis of Raw Materials

8.2.1 Manufacturing and Composition of Precursor Raw Materials

8.2.2 Synthesis of Precursor

8.2.3 Effects of Solution Temperature Inside Coprecipitation Reactor

8.2.4 Effects of Stirring Speed Inside Coprecipitation Reactor

 

9. Precursor Reactor

9.1 Definition of Continuous Reactor and Batch Reactor

9.2 Comparison of Particle Size Distribution and SEM

9.3 Evaluation Data of Coin Cell (NCA 83%)

9.4 Comparison of Batch Type Process (Korea vs. China suppliers)

 

10. Information of Precursor Raw Materials

 

10.1 Nickel (Ni)

10.1.1 Distribution Chart and List of Mine Companies

10.1.2 Deposition and Production Quantity by Countries

10.1.3 Stock Quantity and Outlook of Price

10.1.4 Production Companies

10.1.5 Manufacturing Companies of Nickel Sulfate

10.1.6 Supply and Demand Strategy of Nickel by Suppliers

10.1.7 Value Chain of Domain Nickel Sulfate

 

10.2 Cobalt (Co)

10.2.1 Distribution Chart and List of Mine Companies

10.2.2 Domestic Import / Export Status and Sales Current Status

10.2.3 Outlook of Cobalt Demand

10.2.4 Outlook of Cobalt Supply

10.2.5 Comparison of Cobalt Demand and Supply

10.2.6 Value Chain

10.2.7 Cobalt CR and Clean Cobalt Issue

10.2.8 Revision of Mining Law in Congo

10.3 Manganese (Mn)

10.3.1 Distribution Chart and Deposition Quantity

10.3.2 Production Quantity and Suppliers by Countries

 

11. Outlook of Precursor and Cathode Material Demand

11.1 Precursor

11.1.1 Market Share

11.1.2 Comparison of M/S by Suppliers

11.1.3 Capacity Plan of Precursor (~2027): Expansion Outlook of Major Suppliers

11.1.4 Demand Outlook of Global Precursor (~2030)

11.1.5 Supply Outlook (~2030)

11.1.6 Supply-Demand (~2030)

 

11.2 Cathode Materials

11.2.1 Key Scope of Usage and Demand Outlook (~2030)

11.2.2 Demand Outlook of Cathode Materials for Electric Vehicles (~2030)

11.2.3 Demand Outlook of Cathode Materials for ESS (~2030)

11.2.4 Demand Outlook of Cathode Materials for Small-sized Batteries (~2030)

 

12. Analysis of Raw Material Cost per Battery Cell

 

12.1 Raw Material Content per Battery Cell_Small-sized Battery

12.2 Raw Material Content per Battery Cell_18650 Cylindrical Battery

12.3 Raw Material Content per Battery Cell_21700 Cylindrical Battery

12.4 Raw Material Content per Battery Cell_Rectangular Battery

12.5 Raw Material Content per Battery Cell_Pouch Battery (27Ah)

12.6 Raw Material Content per Battery Cell_Pouch Battery (60Ah)

12.7 Raw Material Content for an Electric Vehicle

 

13. SCM of Precursor Raw Material

13.1 SCM Structure by Precursor Type (LCO)

13.2 SCM Structure by Precursor Type (NCM 111)

13.3 SCM Structure by Precursor Type (NCM 523)

13.4 SCM Structure by Precursor Type (NCM 622)

13.5 SCM Structure by Precursor Type (NCM 811)

13.6 SCM Structure by Precursor Type (NCA)

 

14. SCM of Global Big7 Precursor Suppliers

14.1 Supply Chain Management of Precursor Suppliers (2022)

 

15. Information of Precursor Suppliers

15.1 Zoomwe ()

15.2 GEM (格林美)

15.3 Huayou Cobalt ()

15.4 Brunp (邦普)

15.5 BASF Toda

15.6 Jiana (, Dowstone)

15.7 Umicore

15.8 Sumitomo MM

15.9 LGC

15.10 Reshine+Jinchuan

15.11 Tanaka

15.12 Ronbay (容百)

15.13 Fangyuan 芳源

15.14 Zhejiang Power

15.15 MCC Ramu

15.16 Ecopro Materials

15.17 Kelong

15.18 POSCO future M

15.19 Eco&Dream

15.20 JH Chemical

15.21 Korea Zinc (Korea Precursor)

15.22 LS-L&F Precursor

15.23 Hunan Yuneng

15.24 Dynanonic

15.25 LOPAL

15.26 Hubei