The global Lithium-Ion Battery Anode Market is projected to grow from USD 12.0 billion in 2023 to USD 46.5 billion by 2028, at a CAGR of 31.2% during the forecast period. The Research report presents a complete judgment of the market which consists of future trends, lithium-ion battery anode market growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. during the forecast period. The lithium-ion battery anode market is experiencing a surge, fueled by two key trends. First, the electric vehicle (EV) revolution is driving a massive demand for lithium-ion batteries, and anodes are a critical component. Second, industrial applications are increasingly adopting lithium-ion batteries for their efficiency and clean energy benefits. Further accelerating this growth are strategic moves by industry leaders, including collaborations and manufacturing expansions happening across the globe. This confluence of factors paints a bright picture for the future of the lithium-ion battery anode market.
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The synthetic graphite of lithium-ion battery anode market, by materials, is expected to be the largest market from 2023 to 2028.
While boasting superior purity (>99%) and uniformity compared to its natural counterpart, synthetic graphite, derived from pitch and coke, comes at a premium – three to four times the cost. Despite the price difference, its well-defined structure facilitates smoother lithium-ion movement, enabling faster charging and higher reliability. These performance advantages make synthetic graphite the preferred choice for specialty applications within the lithium-ion battery anode market, even during the forecast period.
The automotive end-use segment is accounted for the largest share in the global lithium-ion battery anode market during the forecast period.
The automotive sector is a key end-use for the lithium-ion battery anode market. This is due to the rising popularity of electric vehicles (EVs), e-bikes, and automated guided vehicles (AGVs) – all of which rely heavily on lithium-ion batteries. As competition in the EV market heats up, manufacturers are constantly striving for better battery performance. This focus on operational excellence translates to a growing demand for lithium-ion batteries, and consequently, their core component – the anode. In essence, the surging adoption of electric vehicles and other battery-powered transportation solutions is propelling the lithium-ion battery anode market forward.
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Europe lithium-ion battery anode market is projected to grow at the second largest
Europe stands out as the world’s number two consumer of lithium-ion battery anodes by value. This robust market is fueled by the growing demand for electric vehicles (EVs) within the region. Government incentives and funding play a crucial role in promoting EV adoption, which in turn, translates to a significant need for lithium-ion batteries and their key component, the anode. This focus on clean and sustainable transportation solutions positions Europe as a major player in the lithium-ion battery anode market.
Lithium-Ion Battery Anode Companies
Some of the leading players in this market include Ningbo Shanshan Co., Ltd. (China), Jiangxi Zhengtuo New Energy Technology (China), Resonac Holdings Corporation (Japan), POSCO FUTURE M (South Korea), Mitsubishi Chemical Group Corporation (Japan), and SGL Carbon (Germany) among others.
Ningbo Shanshan Co., Ltd. (China)
Ningbo Shanshan Co., Ltd. is engaged in the R&D, production, and sales of lithium battery materials, including cathode materials, anode materials and electrolytes. The company offers a wide range of products, including polarizers, lithium cobalt oxide, lithium nickel cobalt manganate, lithium nickel cobalt aluminate, lithium manganate, electrolytes, lithium hexafluorophosphate, lithium salts, and various anode materials such as artificial graphite, natural graphite, and silicon-based anodes.
Jiangxi Zhengtuo New Energy Technology (China)
Jiangxi Zhengtuo New Energy Technology is one of the leading players that is involved in the development, manufacturing, and sale of anode materials for lithium-ion battery anode. The company offers its products under 4 product divisions named as Power type negative electrode, Energy storage type negative electrode, Digital negative, and new category negative. The company’s products are mainly used in lithium-ion power batteries for electric vehicles, power tools, electric buses, energy storage power stations, mobile energy storage vehicles, low speed walkers, digital electronic products. and other battery materials. Jiangxi Zhengtuo New Energy Technology has applied for 52 national patents, including 22 invention patents and 30 utility model patents. It has a strong presence in China with most of its research & development centers along with production sites are situated the country.
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Resonac Holdings Corporation (Japan)
Showa Denko K.K. and Showa Denko Materials Co., Ltd. merged and transformed themselves into the newly integrated company “Resonac” and is one of the leading companies engaged in the manufacturing of lithium-ion battery materials.
POSOC FUTURE M (South Korea)
POSCO FUTURE M is a subsidiary of POSCO Group. The company is a key player in the rechargeable battery materials industry, driving the green energy transition with industry-leading products and cutting-edge technologies and is also involved in the construction and maintenance of refractory. The company operates through its three business divisions namely battery materials, advanced chemical materials, and basic industrial materials.
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