According to our (Global Info Research) latest study, the global Li-ion Battery Ternary Precursor market size was valued at US$ 23300 million in 2025 and is forecast to a readjusted size of US$ 42000 million by 2032 with a CAGR of 8.9% during review period.
This report studies the Li-ion Battery Ternary Precursor material. Precursor materials are intermediate products with highly uniform distribution of various elements prepared by solution process can be converted into finished products by chemical reaction and play a decisive role in the performance index of finished products. The cathode material is the key material for lithium ion batteries, and the precursor is an important raw material for the production of lithium ion cathode materials. used for energy storage devices of various new energy vehicles, 3C Electronics, digital cameras, drones, robots, solar energy, wind energy, etc., as well as communication equipment and backup power of such base stations.
In 2024, global Li-ion Battery Ternary Precursor production reached approximately 1,145 thousand tons, with an average global market price of around US$ 16.65 per kg.
The overall gross profit margin of the industry is between 10% and 20%, and some companies even have a gross profit margin below 10%.
Li-ion Battery Ternary Precursor are mainly classified into the following types: NMC and NMA type, and NMC type is the most widely used type which takes up about 84% of the total sales. Li-ion Battery Ternary Precursor have wide range of applications, such as New Energy Vehicles and 3C Electronics. New Energy Vehicles was the most widely used area which took up about 66% of the global total.
Market Drivers
D1: The new energy vehicles industry and the 3C electronics industry have developed rapidly.
D2: As a recyclable energy source, the development of lithium batteries is supported by policies of various countries.
D3: New breakthroughs have been made in the performance of ternary precursor materials.
This report is a detailed and comprehensive analysis for global Li-ion Battery Ternary Precursor market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Li-ion Battery Ternary Precursor market size and forecasts, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2021-2032
Global Li-ion Battery Ternary Precursor market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2021-2032
Global Li-ion Battery Ternary Precursor market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2021-2032
Global Li-ion Battery Ternary Precursor market shares of main players, shipments in revenue ($ Million), sales quantity (Kiloton), and ASP (US$/Ton), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Li-ion Battery Ternary Precursor
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Li-ion Battery Ternary Precursor market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include GEM Co., Ltd, Umicore, CNGR Corporation, Brunp Recycling, Tanaka Chemical Corporation, Kelong New Energy, Zhejiang Huayou Cobalt, Fangyuan, Greatpower Technology, Ronbay Technology, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Li-ion Battery Ternary Precursor market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
NCM Type
NCA Type
Market segment by Application
New Energy Vehicles
3C Electronics
Others
Major players covered
GEM Co., Ltd
Umicore
CNGR Corporation
Brunp Recycling
Tanaka Chemical Corporation
Kelong New Energy
Zhejiang Huayou Cobalt
Fangyuan
Greatpower Technology
Ronbay Technology
Hunan Changyuan Lico
GanfengLithium
Jiana Energy
Jinchuan Group
Zhejiang Power
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Li-ion Battery Ternary Precursor product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Li-ion Battery Ternary Precursor, with price, sales quantity, revenue, and global market share of Li-ion Battery Ternary Precursor from 2021 to 2026.
Chapter 3, the Li-ion Battery Ternary Precursor competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Li-ion Battery Ternary Precursor breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Li-ion Battery Ternary Precursor market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Li-ion Battery Ternary Precursor.
Chapter 14 and 15, to describe Li-ion Battery Ternary Precursor sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Li-ion Battery Ternary Precursor. Industry analysis & Market Report on Li-ion Battery Ternary Precursor is a syndicated market report, published as Global Li-ion Battery Ternary Precursor Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Li-ion Battery Ternary Precursor market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.