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  Market Segmentation The global cathode materials market has been segmented by materials, end user, and region. On the basis of materials, the market has been segmented into lithium nickel manganese cobalt (Li-NMC), lithium nickel cobalt aluminum (Li-NCA), lithium cobalt oxide (LCO), lithium manganese oxide (LMO), and lithium iron phosphate (LFP). The lithium cobalt oxide segment accounted for the largest share of the cathode materials market in 2017, and is expected to grow at a considerable rate during the review period. In LCO, the cathode material contains 60% cobalt and accounts for 50% of the weight of the cathode. The use of LCO is increasing in portable devices, such as cell phones, tablets, laptops, and cameras, owing to its superior property, such as high energy density. Thus, the increasing spending on consumer electronics, in both developed and developing countries, is expected to drive the demand for cathode materials during the forecast period. The lithium nickel ma