COVID-19 Impact on the Global lithium-ion battery anode Market

The global lithium-ion battery anode market size is projected to grow from USD 8.4 billion in 2021 to USD 21.0 billion by 2026, at a CAGR of 19.9% from 2021 to 2026. The growing demand for electric vehicles along with the high demand for lithium-ion batteries for industrial applications is driving the market growth. Moreover, strategies such as agreements and plant expansions undertaken by several prominent players in the lithium-ion battery anode industry are further fueling the lithium-ion battery anode industry growth across the globe.

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The pandemic is estimated to have an impact on various factors of the value chain of the lithium-ion battery anode market, which is expected to reflect during the forecast period, especially in the year 2020 to 2021. The various impact of COVID-19 are as follows:

IMPACT ON LITHIUM-ION BATTERY ANODE: The outbreak of the COVID-19 pandemic has resulted in the temporary shutdown of production plants and related activities in most of the major economies across the globe. Besides, it has slow down the growth of various sectors as most of the countries worldwide have resorted to nationwide lockdown as a measure to control the spread of the virus. This has resulted in disruptions in the global supply chains and consequently affected the growth of the various industries such as automotive, marine, and energy storage attributed to the shortage of raw materials and other inputs. Likewise, limited transportation, travel restrictions, and halt of manufacturing activities have hampered the growth of the lithium-ion battery anode market, and the purchase and usage patterns have changed drastically, which has reduced the sales of various lithium-ion battery materials.

The automotive end-use segment is projected to lead the global lithium-ion battery anode market during the forecast period.

The automotive end-use industry is expected to be one of the major segments for lithium-ion battery anode market. Battery-driven vehicles such as electric vehicles, e-bikes, and automated guided vehicles, are major consumers of lithium-ion batteries. There is increasing competition between battery models installed in EVs owing to the need for operational excellence. Increasing adoption and awareness of EVs supports the growth of the lithium-ion battery market which in turn enhances the demand for lithium-ion battery anode.

Europe lithium-ion battery anode market is projected to grow at the highest CAGR

Europe is the second-largest consumer of lithium-ion battery anode and accounted for a share of 6.1% of the global market, in terms of value, in 2020. The region is home to some of the largest battery manufacturers, such as Saft (France) and FIAMM (Italy). Batteries have major applications as clean, sustainable, and compact sources of power in automotive. The region is witnessing significant growth in the demand for EVs which is largely dependent on government incentives and funds. Growth in demand for electric vehicle has increased the demand for lithium-ion battery anode which in return has fueled the demand for lithium-ion battery anode in the region.

The key players in the lithium-ion battery anode market include Showa Denko Materials (Japan), JFE Chemical Corporation (Japan), Kureha Corporation (Japan), SGL Carbon (Germany), Shanshan Technology (China), and POSCO CHEMICAL (South Korea). The lithium-ion battery anode market report analyzes the key growth strategies adopted by the leading market players between 2017 and 2021, which include expansions, investments, and mergers & acquisitions.

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Insulating Glass Window Market Driver: Optimal energy-saving performance

The insulating glass window market size was USD 12.0 billion in 2020 and is projected to reach USD 17.2 billion by 2026; it is expected to grow at a CAGR of 6.1% from 2021 to 2026. The increasing demand for energy-efficient buildings in various regions is expected to drive the growth of this market. The commercial segment accounted for the largest share of the insulating glass window market in 2020, owing to the increasing rate of commercial building construction in the countries such as the US, Germany, China, and India.

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The high energy consumption in buildings is propelling the demand for energy-efficient building materials such as insulating glass windows. The usage of insulating glass windows can help reduce energy losses and result in lower energy consumption, which is a crucial requirement. The heat and light transferred through the glass directly impact the comfort level of the people in the room, apart from affecting the energy costs. Switching to insulating glass windows makes a huge difference in the overall energy consumption. The use of insulating glass windows in residential and commercial buildings can reduce power consumption by almost 50%, thereby proving to be an effective technology for power optimization. Also, the growing trend of rating systems in various countries, such as LEED (Leadership in Energy & Environmental Design) in the US, IGBC Green Ratings in India, and others are likely to contribute to the growth of the insulating glass window market.

North America is expected to dominate the insulating glass window market from 2021 to 2026

North America is projected to be the largest regional market for insulating glass windows. The market in North America is driven by moderate growth in the construction industry. Glass insulation is considered a viable option for making buildings energy-efficient. Also, factors such as the high quality of infrastructural construction, reduced environmental impact, climatic conditions, and government regulations are fueling the growth of energy-efficient windows in North America.

The key market players include AGC Inc. (Japan), Central Glass Co., Ltd. (Japan), Compagnie de Saint-Gobain SA (France), Dymax (US), Glaston Corporation (Finland), Guardian Glass (US), H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), Internorm (Austria), Scheuten (Netherlands), Nippon Sheet Glass Co., Ltd. (Japan), Sika AG (Switzerland), 3M (US), Viracon (US). These players have adopted product launches, acquisitions, expansions, agreements, contracts, partnerships, investments, collaborations, and divestments as their growth strategies.

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Emerging countries offer significant growth opportunities in Chlor-Alkali Market

The growing industrialization in emerging economies such as China, India, South Korea, Indonesia, Thailand, Taiwan, Mexico, Brazil, and Argentina is expected to drive the chlor-alkali market during the next five years. The high demand for packaging, building & construction, consumer goods, and automotive applications in these countries increases the need for plastics, aluminum, and others used in these applications. Government policies supporting the growth of industries, low labor costs, skilled workforces, availability of raw materials, and increasing urbanization have enabled domestic and foreign companies to establish their facilities in these countries. The growth of the manufacturing industry in Malaysia, Vietnam, Colombia, and Chile is also expected to fuel market growth.

The market for plastics is dominated by the US, China, India, and Germany, among others. Brazil, China, South Africa, and Argentina, among other emerging countries, offer significant growth opportunities for the chlor-alkali market. Increasing economic activities such as rapid industrialization and urbanization are driving the demand for plastics in emerging countries. For instance, the construction industry contributes 10.0% to India’s GDP. End-use industries including automobile, construction, packaging, consumer goods, and medical & pharmaceutical are rapidly growing in these countries.

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The GDP of these emerging economies acts as a major indicator for the growth of the chlor-alkali market, as it represents the growth of the economy and per capita consumption. Due to the increase in GDP, the per capita income and spending power of the population also increases, which results in higher per capita plastic consumption in these countries. Thus, the growth of the demand for chlor-alkali can be attributed to the increasing per capita plastic consumption, which, in turn, is providing opportunities to market players in these countries.

In recent years, the chemical industry has witnessed high growth in emerging regions and steady growth in developed/mature markets. Industry participants are keen on addressing the needs/demands of growing economies. Global players have adopted expansion strategies to enhance their production capacities. Key market players are adopting expansion and joint ventures strategies to enhance their market competitiveness and increase penetration in different regions. Chemical industries in the US and Europe are mature and their growth is largely influenced by the GDP growth of these regions. The trend in rapid industrialization, supported by strong demand due to improving standards of the living, significant population base, and available pools of workforces in the APAC, Middle East & Africa, and South America has led companies to establish their facilities in these regions and cater to regional demands.

The global Chlor-Alkali market size is estimated to be USD 63.2 billion in 2021 and is projected to reach USD 77.4 billion by 2026, at a CAGR of 4.1% between 2021 and 2026.

The leading players in the Chlor-Alkali market are Olin Corporation(US), Westlake Chemical Corporation (US), Tata Chemicals Limited (India), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Solvay SA (Belgium), Tosoh Corporation (Japan), Hanwha Solutions Corporation (South Korea), Nirma Limited (India), AGC, Inc. (Japan), Dow Inc. (US), Xinjiang Zhongtai Chemical Co. Ltd. (China), INOVYN (UK), Ciner Resources Corporation (US), Wanhua-Borsodchem (Hungary), and others.

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