South Korea Lithium-Ion Battery Market Size, Share, and COVID-19 Impact Analysis, By Type (Lithium Nickel Manganese Cobalt, Lithium Manganese Oxide, Lithium Iron Phosphate, Lithium Cobalt Oxide, Lithium Nickle Cobalt Aluminum Oxide, Lithium Titanate Oxide), By Capacity (0- 3000 mAh, 3000-10000 mAh, 10000-60000 mAh, 60000 mAh, above), and South Korea Lithium-Ion Battery Market Insights, Industry Trend, Forecasts to 2035.

South Korea Lithium-Ion Battery Market Insights Forecasts to 2035

• The South Korea Lithium-Ion Battery Market Size Was Estimated at USD 1.95 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 10.54% from 2025 to 2035
• The South Korea Lithium-Ion Battery Market Size is Expected to Reach USD 5.87 Billion by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Lithium-Ion Battery Market Size is anticipated to reach USD 5.87 Billion by 2035, growing at a CAGR of 10.54 % from 2025 to 2035. Numerous reasons have contributed to the impressive growth rate of the South Korean lithium-ion battery market. The increasing use of electric vehicles (EVs) in South Korea as a result of the government's green transportation promotion programs is one significant aspect.

Market Overview

The lithium-ion battery industry comprises businesses engaged in the production, marketing, and distribution of lithium-ion batteries both as standalone cells and as battery packs are included in the lithium-ion battery market. These batteries are necessary to power a variety of gadgets, including stationary energy storage systems, electric cars, and consumer electronics. Lithium-ion batteries are perfect for applications where weight and space are crucial, like electric cars and portable devices, because they can store a lot of energy in a small, light container. A major benefit for applications requiring rapid charging or refueling is that lithium-ion batteries can charge faster than many other battery types. Lithium-ion batteries are considered more environmentally friendly than traditional batteries as they don't contain heavy metals like lead or cadmium, and they contribute to reducing carbon emissions when integrated into renewable energy and electric vehicle systems. Continuous research and development in areas like solid-state batteries, lithium-sulfur, and lithium-air technologies promise to improve performance, safety, and longevity. Specialized battery parks are being established to streamline manufacturing processes and attract investments. Infrastructure improvements, including logistics networks, are being implemented to ensure efficient transportation of raw materials and finished products.

Report Coverage

This research report categorizes the market for South Korea lithium-ion battery market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea lithium-ion battery market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each South Korea lithium-ion battery market sub-segment.

Driving Factors

Advances in battery technology, like the creation of solid-state batteries and better battery chemistry, are increasing demand and improving battery performance. Lithium-ion battery use is being accelerated by favourables government policies, such as subsidies for electric vehicles and renewable energy sources, as well as laws encouraging energy efficiency and pollution reduction. Lithium-ion battery-powered electric vehicles (EVs) and the shift to greener energy sources are being propelled by rising environmental consciousness and the need to lower carbon emissions.

Restraining Factors

The rise of lithium-ion batteries is hindered by a lack of resources, geopolitical dangers, environmental concerns, and technological limitations, such as low energy density, which affects scalability for energy storage and range of electric vehicles.

Market Segmentation

The South Korea lithium-ion battery market share is classified into type and capacity.

• The lithium nickel manganese cobalt segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korean lithium-ion battery market is segmented by type into lithium nickel manganese cobalt, lithium manganese oxide, lithium iron phosphate, lithium cobalt oxide, lithium nickel cobalt aluminum oxide, lithium titanate oxide. Among these, the lithium nickel manganese cobalt segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Because of its exceptional energy density and thermal stability, the Lithium Nickel Manganese Cobalt (NMC) variety is especially well-suited for energy storage and electric cars. In keeping with the government's efforts to lower carbon emissions, its adaptability allows it to control a sizeable share of the market and is essential to South Korea's shift to sustainable energy.

• The 0- 3000 mAh segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea lithium-ion battery market is segmented by capacity into 0- 3000 mAh, 3000-10000 mAh, 10000-60000 mAh, 60000 mAh, and above. Among these, the 0- 3000 mAh segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Innovation in this field is derived by the 0–3000 mAh range, which largely serves portable devices where portability and lightweight design are essential.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea lithium-ion battery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• LG Energy Solution
• Samsung SDI
• POSCO Future M
• Ecopro BM
• Enchem
• Cosmo Advanced Materials & Technology
• Daejoo Electronic Materials
• ILJIN Materials
• Sebang Global Battery
• Duksan Neolux
• Creative & Innovative System Corporation
• Solus Advanced Materials
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea lithium-ion battery market based on the below-mentioned segments:

South Korea Lithium-Ion Battery Market, By Type

• Lithium Nickel Manganese Cobalt
•  Lithium Manganese Oxide
•  Lithium Iron Phosphate
•  Lithium Cobalt Oxide
• Lithium Nickle Cobalt Aluminium Oxide
•  Lithium Titanate Oxide

South Korea Lithium-Ion Battery Market, By Capacity

• 0- 3000 mAh
• 3000-10000 mAh
•  10000-60000 mAh
•  60000 mAh
•  above