In 2012-2014, the growth of cathode materials for lithium batteries was mainly driven by mobile phones, flat panels, mobile power supplies, etc., but the growth rate has been declining over the years, indicating that the growth rate of the digital market has begun to become saturated. In 2015, driven by the explosion of new energy vehicle power batteries, the positive electrode material market grew strongly. In 2015, China's cathode material output reached 113,000 tons, a year-on-year increase of 49%.

Lithium batteries are widely used in the consumer electronics, power and energy storage markets due to their high capacity ratio, light weight, high cycle times and environmentally friendly materials. In recent years, with the popularization of smart phones and the rise of new energy vehicles, the demand for lithium battery market has grown rapidly. The production capacity of enterprises and battery capacity has continued to increase. From the stage of the industry life cycle, the lithium battery industry is currently in a rapid growth period. . However, the saturation of the consumer electronics sector has increased and the demand for lithium batteries has slowed. Overall, in 2016, the growth rate of China's cathode materials production will slow down, and the annual output will reach 150,000 tons.

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