Lithium iron phosphate (LFP) is an inorganic compound with the formula LiFePO4. It is a gray, red-grey, brown or black solid that is insoluble in water.
The global production of Lithium Iron Phosphate (LiFePO4) Material increased from 20898 tons in 2014 to 81344 tons in 2018, at a CAGR of 40.46%. In 2018, the global Lithium Iron Phosphate (LiFePO4) Material market is led by China. Europe is the second-largest region-wise market. From the manufacturer's point of view，The top four producers Shenzhen Dynanonic, Hunan Shenghua Technology, strategically Anda Energy and BTR New Energy materialsaccounted for 50.53% of the world's total output in 2018.

Market Analysis and Insights: Global Lithium Iron Phosphate Market
The global Lithium Iron Phosphate market is valued at US$ 1032.8 million in 2019. The market size will reach US$ 1700.5 million by the end of 2026, growing at a CAGR of 7.3% during 2021-2026.

Global Lithium Iron Phosphate Scope and Segment
Lithium Iron Phosphate market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Lithium Iron Phosphate market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Nano-LiFePO4
Micron-LiFePO4
The production of nano lithium iron phosphate is gradually greater than that of micron lithium iron phosphate. In 2018, Nano-LiFePO4 production is 42185 tons, accounted for 51.86% of global market share, and is expected to reach 65966 tons by the end of 2025, accounted for 56.43% of global market share.

Segment by Application
xEV Industry
Power Li-ion Battery Industry
Electrochemical Energy Storage
In 2018, 91.15% of Lithium Iron Phosphate (LiFePO4) Material is used in Power Battery Industry. In particular, xEV Industry and Power Li-ion Battery Industry are the two most important applications. In 2018, xEV Industry and Power Li-ion Battery Industry accounted for 83.51% and 7.64% of the downstream applications, respectively.

By Company
Johnson Matthey
Aleees
BASF
Formosa Lithium Iron Oxide
Sumitomo Osaka Cement
Guizhou Anda Energy
BTR New Energy Materials
Hunan Shenghua Technology
Pulead Technology Industry
Tianjin STL Energy Technology
Shenzhen Dynanonic
Yantai Zhuoneng
Chongqing Terui Battery Materials

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E