Sodium-Ion Battery Cathode Materials Market Forecast: USD 1.1 Billion by 2031 with Explosive 37.4% Growth

Pune, India — October 3, 2025 — QY Research today announced the release of its latest study, “Global Sodium-Ion Battery Cathode Materials Market Report 2025–2031.” The report maps the rapid commercialization of sodium-ion (Na-ion) chemistry and provides a data-rich outlook on cathode material demand across key formulations—including Prussian Blue/White analogs (PBA/PW), layered oxides (NaxMO2), and polyanionic compounds—as the technology progresses from pilot lines to scaled deployment in mobility and stationary storage.

According to the new market research report, Global Sodium Ion Battery Cathode Materials market size is projected to grow from USD 87.86 million in 2024 to USD 1,116.56 million by 2031, at a CAGR of 37.4% during the forecast period (2025-2031).

According to QYResearch Top Players Research Center, the global key manufacturers of Sodium Ion Battery Cathode Materials include HiNa Battery Technology, Jiangsu Xiangying Amperex, GEM, Easpring, Jiangsu Zoolnasm, Ningbo Ronbay, Guizhou Zhenhua E-chem, Natrium Energy, Amandarry, Malion New Materials, etc. In 2024, the global top 10 players had a share approximately 90.09% in terms of revenue.

In terms of product type, currently Layered Oxide (NaxTMO2) is the largest segment, hold a share of 84.4% in 2024.In terms of product application, currently Energy Storage is the largest segment, hold a share of 92.7% in 2024.

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Main Driving Factors:

Cost Advantages Over Lithium-ion Batteries: Sodium is abundant and cheaper than lithium, reducing raw material costs. Lower production costs due to the use of iron, manganese, and aluminum instead of expensive cobalt and nickel.

Supply Chain Security & Geopolitical Factors: Lithium supply is concentrated in a few countries (e.g., China, Australia, Chile), leading to price volatility and geopolitical risks. Sodium is widely available globally, reducing dependency on critical minerals.

Growing Demand for Energy Storage Systems (ESS): Sodium-ion batteries are gaining traction in grid storage, renewable energy integration, and backup power due to their safety, scalability, and lower cost. Increasing investments in solar and wind energy storage drive demand for cost-effective battery solutions.

Environmental & Safety Benefits: Sodium-ion batteries are non-flammable and more thermally stable than lithium-ion, reducing fire risks. They are more sustainable as they avoid toxic and rare materials like cobalt.

Main Restraint:

Lower Energy Density Compared to Lithium-ion Batteries: Current SIBs offer ~100–160 Wh/kg, while lithium-ion batteries (LIBs) provide ~200–300 Wh/kg, limiting their use in high-energy applications like long-range EVs. Cathode materials (e.g., layered oxides, Prussian blue) still need improvement to match LIB performance.

Limited Commercial Maturity & Scalability: Sodium-ion technology is still in the early commercialization phase, with few large-scale production facilities. Manufacturing processes for SIB cathode materials (e.g., Na-layered oxides, polyanion compounds) are less optimized than LIB cathodes (NMC, LFP).

Material Stability & Cycle Life Challenges: Some cathode materials (e.g., NaₓMO₂ layered oxides) suffer from phase transitions, moisture sensitivity, and structural degradation, reducing cycle life. Polyanion-based cathodes (e.g., Na₃V₂(PO₄)₃) have good stability but lower capacity.

Competition from Established Lithium-ion Batteries: LIBs dominate the market with well-established supply chains, economies of scale, and continuous cost reductions (e.g., falling LFP battery prices). Switching to SIBs requires new production lines and retooling, which may deter investors.

Industry Development Trends:

The Chinese market is back in action: In 2022, due to the high price of lithium carbonate in the upstream of the lithium battery industry, the sodium battery market is very hot. Many companies have laid out and increased their investment in the sodium battery market. As the price of lithium carbonate has fallen rapidly, the market's enthusiasm for sodium batteries has dropped, and many of the announced expansion plans have begun to be postponed and cancelled. By 2025, the price of lithium carbonate has fallen by more than 80% from its peak. The market expects that starting in 2025, the price of lithium carbonate will re-enter the upward channel, so the sodium battery market has become active again.

Sodium battery energy density improves: Companies are working to improve the energy density of sodium batteries to approach or reach the level of lithium iron phosphate and lead-acid batteries. In 2025, CATL announced that the energy density of the second-generation sodium-ion battery has reached a mass production level of 175mAh/g, and the target is 200mAh/g, which is very close to the battery level of 205mAh/g of its lithium iron phosphate. Technological progress has strongly promoted the rapid development of the sodium battery market.

Conversion of the layer oxygen pathway to the polyanion pathway: Since the downstream of sodium power is more concentrated in the energy storage market, and the higher safety performance of the polyanion path makes it the new favorite in the sodium power market, the products of the polyanion path are growing faster, and the sodium power market share is expanding rapidly.CATL's second-generation products have also begun to partially transform towards the polyanion pathway.

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Competitive Landscape (Selected)

The value chain spans precursor suppliers, cathode active material (CAM) producers, and integrated cell makers entering sodium-ion. The report profiles established battery materials leaders and specialized sodium-ion developers across Asia, Europe, and North America, detailing capacity plans, technology roadmaps, licensing partnerships, and cost curves. It also covers new entrants leveraging transferable know-how from LFP and NMC lines to shorten industrialization timelines for Na-ion CAM.

Segmentation Covered

1. By Chemistry: Prussian Blue/White analogs; Layered Oxides (O3/P2/P3); Polyanionic (NASICON/pyrophosphates)
2. By End Use: Two/three-wheelers; Passenger EV (entry segment); Commercial vehicles (last-mile/LCV); BTM storage; Utility-scale storage; Industrial & telecom backup
3. By Form Factor: Powder CAM; Pre-lithiated-style pre-sodiated modules (where applicable)
4. By Region: Asia-Pacific (China, India, Japan, South Korea, ASEAN), Europe (Germany, France, Nordics, UK), North America, Middle East & Africa, Latin America

Analyst Commentary

Sodium-ion cathodes are moving from the lab to line at a pace we haven’t seen since the early LFP surge,” said QY Research’s Energy Storage Practice. “As early automotive platforms validate durability and utilities accumulate cycle data, procurement will increasingly consider Na-ion as a portfolio hedge against lithium price swings—particularly where cost, safety, and cold-weather performance trump maximum range.

Methodology

This study integrates bottom-up capacity tracking (announced and verified CAM and cell lines), benchmarking of synthesis routes and yields, patent landscaping, and primary interviews across OEMs, materials producers, equipment vendors, and utilities. Forecasts reflect scenario analysis for technology progress (coatings, dopants, crystal engineering), raw-material pricing, and policy impacts on regional localization.

What’s Inside the Report

• 2025–2031 market size forecasts for sodium-ion cathode materials by chemistry and region
• Price outlooks for key precursors (sodium salts, iron compounds, organics) and processing consumables
• Technology scorecards comparing energy density, rate capability, cycle life, and safety
• Competitive profiles with capacity pipelines, partnerships, and cost roadmaps
• Use-case economics for e-mobility and stationary storage, including TCO comparisons vs. LFP
• Risk matrix covering supply, policy, bankability, and manufacturing scale-up

For more information about the report and its findings, please visit: https://www.qyresearch.in/report-details/8095147/Global-Sodium-Ion-Battery-Cathode-Materials-Market-Insights

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting (data is widely cited in prospectuses, annual reports and presentations), industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

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