The global lithium-ion battery anode market is anticipated to grow at a considerable CAGR of 18.2% during the forecast period (2021-2027). The market growth is mainly driven by a factor that is growing demand associated with electric vehicles across the globe. As per the information of the International Energy Agency (IEA), global electric vehicles sales reach nearly 2.10 million in 2019 when compared in 2018 it was around 1.98 million. The governments are providing tax rebates to electric vehicles, charging stations, and scarping IC engine vehicles. For instance, a tax credit has been initiated for plug-in electric vehicles (PEVs) that are acquired after December 31, 2009, by the U.S. federal government. The government of different countries is emphasizing more towards vehicles that are environmentally friendly for making better environment and saving fuel. Government policy is being more liberal towards making electric vehicles around the globe. With the increase in electric vehicles demand, significant growth in lithium-ion batteries will also be witnessed.
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Moreover, the growing adoption of lithium-ion batteries in new applications is one of the key factors that are creating opportunities in the market. New product launches and collaboration in the market are likely to drive the growth of the global lithium-ion battery anode market. For instance, in April 2021, Shanshan Technology that is considered as one of the Chinese lithium battery material producers will enlarge its lithium-ion battery anode material production base in north china. The investment for the new plant is around $235 million that has a capacity of 60,000 t/yr of anode material along with 52,000 t/yr of the graphite processing operation. The plant is expected to be complete within 15 months.
The key players present in the global lithium-ion battery anode market had been adopting various strategies that include mergers and acquisitions to gain major market share. For instance, in April 2021, SGL carbon had done a collaboration with Altech chemicals ltd. in order to make high purity alumina-coated (HPA) graphite materials that can be used by the lithium-ion battery industry in anode application.
- Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Materials
- By Battery Product
- By End-Use
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Showa Denko Materials, JFE Chemical Corp., Kureha Corp., SGL Carbon, and Shanshan Technology
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Global Lithium-Ion Battery Anode Segmentation
By Materials
- Active Anode Materials
- Anode Binders
By Battery Product
- Cell
- Battery Pack
By End-Use
- Automotive
- Non-Automotive
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Aekyung Petrochemical
- Guangdong Kaijin New Energy Technology Corp.
- Group14 Technologies, Inc.
- Himadri Speciality Chemical Ltd.
- JFE Chemical Corp.
- Jiangxi Zhengtuo New Energy Technology
- Jiangxi Zichen Technology
- Kureha Corp.
- Nippon Carbon
- NEI Corp.
- POSCO CHEMICAL
- SGL Carbon
- Shanshan Technology
- Showa Denko Materials
- Tokai Carbon Co
- Talga Group
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