5500 GWH! Research suggests that global lithium-ion battery production will inc
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2022/05/13 15:24:25
Global lithium-ion battery production is likely to increase more than fivefold to 500GWh from 2021 to 2030, according to a recent study by research firm Wood Mackenzie.
In 2021, Asia-Pacific battery production, led by China, accounted for 90% of global battery manufacturing. By 2030, the region's share is expected to fall to 69 percent. While North America's battery capacity could expand tenfold by 2030, it still lags behind Europe's. Europe is expected to surpass North America in lithium-ion battery capacity by 2022 and account for more than 20% of global capacity by 2030 through faster expansion.
The electric vehicle (EV) market accounts for nearly 80% of the demand for lithium ion batteries, said Wood Mackenzie analyst consultant JiayueZheng. High oil prices are supporting the introduction of zero-emission transport policies in more markets, leading to a surge in demand for lithium-ion batteries that will exceed 3,000 GWH by 2030.
The lithium-ion battery market was already in short supply last year due to strong demand for electric vehicles and rising raw material prices. Based on current conditions, we expect battery supply to fall short of demand by 2023.
Global battery makers are responding to massive expansion plans. By 2030, 300 manufacturing plants will have a combined capacity of more than 500GWh. Among them, Chinese manufacturers have announced plans to produce more than 3,000 GWH of battery capacity.
In 2021, the world's top 15 manufacturers by capacity will collectively produce about 200GWhh of batteries, for a cumulative capacity of 600GWh. At the same time, 3000GWh battery capacity is in the planning or construction stage. For example, ningde times leads the production scale growth with outstanding operations and planned capacity, which reaches 800GWh by 2030. Some Chinese battery makers have also set ambitious 2025 capacity targets. Wood Mackenzie expects to open more plants in 2022.
Another notable trend is the growing prominence of lithium iron phosphate (LFP) batteries as nickel-cobalt-manganese ternary (NCM) lithium-ion batteries lose market share. Historically, nickel-cobalt-manganese ternary (NCM) lithium-ion batteries have been primarily used in the electric vehicle and energy storage systems markets due to availability and maturity. Nickel-cobalt-manganese ternary (NCM) lithium-ion batteries will still account for half of the market in 2021. However, lithium iron phosphate (LFP) batteries are beginning to enter the market with competitive cost, long life cycle and high safety performance, making them an attractive option for power and energy applications. Wood Mackenzie expects the market share of lithium iron phosphate (LFP) batteries to surpass that of nickel, cobalt and manganese terpolymer (NCM) lithium-ion batteries by 2028.
Eastchem's main products: electron-grade N-methylpyrrolidone (NMP) and single-walled carbon nanotubes (SWCNT).
N-methyl pyrrolidone (NMP) belongs to nitrogen heterocyclic compound, is a non-toxic, high boiling point, strong polarity, low viscosity, small corrosion, large solubility, low volatility, good stability, easy recovery of highly selective solvent. It is a very important auxiliary material in the production of lithium ion battery, generally used as a positive electrode coating solvent, or as a lithium battery conductive slurry solvent.
Single walled carbon nanotubes (SWCNT) is a new conductive agent for lithium ion batteries. It can reduce the internal resistance of electrodes, improve the circulation at room temperature and high temperature, improve the energy density, and provide excellent conductivity for lithium ion batteries.
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