Lithium-ion battery anode Market – Global Forecast to 2026

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 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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Based on the end-use, the lithium-ion battery anode market has been segmented into automotive and non-automotive. The non-automotive segment in lithium-ion battery anodes includes energy storage, aerospace, marine, and others. The others segment includes telecommunication, medical, and industrial. The automotive end-use segment is projected to lead the market in terms of both value and volume during the forecast period. The automotive end-use segment was the largest segment in the lithium-ion battery anode market in 2020. Some of the key factors, such as the growth in the demand for electric vehicles in the developing regions of the world and the growing concerns related to environmental issues due to usage of fossil fuels, are resulting in augmenting the automotive end-use segment growth.

The synthetic graphite of lithium-ion battery anode market, by materials, is expected to be the largest market from 2021 to 2026. Synthetic graphite is produced from pitch and coke. It is of a higher purity than natural graphite but is not as crystalline. It is used in specialty applications because of its superior uniformity and purity (>99%). Graphite end users, therefore, prefer synthetic graphite even though its price is three to four times than natural graphite, as synthetics graphite offers higher reliability and performance. Synthetic graphite provides smooth migration of lithium-ions and facilitates fast charge as compared to natural graphite. Therefore, It sees high demand for the lithium-ion battery for anode market during the forecast period.

Asia Pacific, Europe, and North America are significant regional markets for lithium-ion battery anode. The increasing global demand for electric vehicles and rising industrial activities with the high demand for lithium-ion batteries have led to the growth of the lithium-ion battery anode market across the globe. Growing projects related to energy storage and telecommunication in the Asia-Pacific region is also boosting the growth of the market. Various leading manufacturers of lithium-ion battery anode have adopted the strategies of agreements, expansions, acquisitions, collaborations, contracts, investments, and divestments to cater to the increased demand for lithium-ion battery anode from various applications.

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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.

To know about the assumptions considered for the study download the pdf brochure

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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Top Market Leaders in 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. Factors such as strict government mandates on fuel economy, rising concerns related to environmental issues, which include greenhouse gas and an increase in R&D initiatives are expected to drive the growth of the market.

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.

To know about the assumptions considered for the study download the pdf brochure

Some of 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.

Showa Denko Materials is one of the leading companies engaged in the manufacturing of lithium-ion battery materials. The company manufactures a wide range of chemicals and electronics related products. In April 2021, Showa Denko Materials established a local production for graphite electrodes in Southeast Asia and Europe. This will help the company to strengthen its supply chain and geographical presence.

Another player in the lithium-ion battery anode market is SGL Carbon. The company is among the leading manufacturers of specialty graphite and composite materials. In April 2021, SGL Carbon signed a collaboration agreement with Altech Chemicals for the development of high purity alumina-coated (HPA) graphite materials for use by the lithium-ion battery industry in anode application.

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Increasing in demand for electric vehicles is driving the 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 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.

To know about the assumptions considered for the study download the pdf brochure

Lithium-ion batteries are a source of power for electric vehicles. The widespread use of battery EVs (BEVs) and plug-in hybrid EVs (PHEVs) has inevitably boosted the adoption of lithium-ion batteries and is expected to continue to do so in the future. This is driving the demand for lithium-ion battery anode, as it is one of the major components of the lithium-ion battery. The growing adoption of EVs among consumers has helped boost the market for these energy-saving, pollution-reducing vehicles. The number of EVs is constantly increasing, owing to the development of improved technologies of batteries and less need to maintain the vehicle engine, reduced use of hazardous oil waste, and reduction in pollution caused by fuel combustion engines. EVs are perceived as the future of the automobile industry and transportation system; their increased adoption will eventually increase the demand for lithium-ion batteries.

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

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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