According to our (Global Info Research) latest study, the global NCM Ternary Material market size was valued at US$ 15142 million in 2025 and is forecast to a readjusted size of US$ 26043 million by 2032 with a CAGR of 8.0% during review period.
Nickel cobalt manganese ternary material (NCM) is a key material for lithium-ion battery cathodes. Through the synergistic effect of nickel, cobalt, and manganese transition metals, it combines high specific capacity, good cycling stability, and high safety. Its molecular formula is usually expressed as LiNi ₁₋ₓ₋ yCoxMnyO ₂. Among them, nickel (Ni) is the core element that enhances energy density, cobalt (Co) helps stabilize the material structure, and manganese (Mn) plays an important role in ensuring safety and reducing costs. In 2025, global NCM Ternary Material production reached approximately 898 K MT, with an average global market price of around US$ 16.38 per kg.
Ternary materials have become one of the mainstream positive electrode materials in the field of new energy electric vehicles (EV) due to their energy density advantage. The current market shows a clear trend of high nickel development, aiming to pursue higher battery energy density, among which the proportion of NCM811 model is rapidly increasing. Despite the adjustment in the market size of positive electrode materials in 2024 due to fluctuations in upstream raw material prices such as lithium and cobalt, the overall shipment volume of the industry still maintains a growth trend. Looking ahead, the position of high nickel ternary materials in the power battery market will become increasingly stable, and industry competition is shifting from simple energy density competition to higher dimensions of comprehensive performance, cost control, and global layout.
This report is a detailed and comprehensive analysis for global NCM Ternary Material 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 NCM Ternary Material market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global NCM Ternary Material market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global NCM Ternary Material market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global NCM Ternary Material market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), 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 NCM Ternary Material
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 NCM Ternary Material 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, Umicore, CNGR Advanced Material, Guangdong Brunp Recycling Technology, Tanaka Chemical Corporation, Henan Kelong New Energy, Huayou Cobalt, Sumitomo Metal Mining, Guangdong Fangyuan New Materials Group, Shanghai Greatpower Technology, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
NCM Ternary Material 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
Single Crystal Type
Polymorph
Market segment by Nickel Content
Medium Nickel Precursor
High Nickel Precursor
Market segment by Particle Size
Small Particle Precursor
Medium Particle Precursor
Large Particle Precursor
Market segment by Application
New Energy Vehicle
Consumer Electronics
Energy Storage
Other
Major players covered
GEM
Umicore
CNGR Advanced Material
Guangdong Brunp Recycling Technology
Tanaka Chemical Corporation
Henan Kelong New Energy
Huayou Cobalt
Sumitomo Metal Mining
Guangdong Fangyuan New Materials Group
Shanghai Greatpower Technology
Minmetals New Energy Materials
Ganfeng Lithium Group
Wuhu Jiana Energy Technology
Jinchuan Group
Zhejiang Power New Energy
Zhajiang Hitrans Lithium Battery Technology
Jiecheng New Energy Company
ECOPRO
Guizhou Zhenhua E-Chem
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 NCM Ternary Material product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of NCM Ternary Material, with price, sales quantity, revenue, and global market share of NCM Ternary Material from 2021 to 2026.
Chapter 3, the NCM Ternary Material competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the NCM Ternary Material 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 NCM Ternary Material 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 NCM Ternary Material.
Chapter 14 and 15, to describe NCM Ternary Material sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on NCM Ternary Material. Industry analysis & Market Report on NCM Ternary Material is a syndicated market report, published as Global NCM Ternary Material Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of NCM Ternary Material market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.