Silicon anode lithium-ion battery market is anticipated to grow at an exponential CAGR of 48.6% during the forecast period (2024-2031). Silicon anode lithium-ion batteries are referred to as the next-generation alternative to lithium-ion batteries, as they deliver more than ten times the potential capacity of lithium-ion batteries compared to standard anodes. The market demand for the product is expected to rise in the future owing to increased consumption of consumer electronics, development of the silicon anode as an alternative EV battery material, and investment by state-run organizations as well as private companies to optimize the material for various industrial usage.
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In recent years, alternatives to Li-ion batteries have been emerging which has provided OEMs with alternatives to switch battery materials while reducing cost. Further, Lithium carbonate prices have been steadily increasing over the past two years. In 2021, prices multiplied four- to five-fold, and continued to rise throughout 2022, nearly doubling between 1 January 2022 and 1 January 2023. At the beginning of 2023, lithium prices stood six times above their average over the 2015-2020 period paving the way for the development of alternative materials. Further, silicon anode-based batteries have been proposed as a possible alternative to other metal-based lithium batteries. For instance, as per IEA, silicon can be used to replace all or some of the graphite in the anode to make it lighter and thus increase the energy density. Silicon-doped graphite entered the market a few years ago, and now around 30.0% of anodes contain silicon.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Silicon Anode Lithium-Ion Battery Market by Capacity
- <3000 mAh
- 3000 mAh to 10000 mAh
- >10000 mAh
Global Silicon Anode Lithium-Ion Battery Market by Material
- Nanostructured Silicon Anode
- Si-Based Carbon Composite Anode
Global Silicon Anode Lithium-Ion Battery Market by Application
- Automotive
- Consumer Electronics
- Aerospace
- Industrial
- Power
- Others (Medical Devices)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- ActaCell, Inc.
- Advano
- Amprius Technologies
- California Lithium Battery
- CONNEXX SYSTEMS Corp.
- Enevate Corp.
- Enovix Corp.
- Group14 Technologies
- Huawei Technologies Co. Ltd.
- Los Angeles Cleantech Incubator
- NanoGraf Corp.
- NEO Battery Materials Ltd.
- Nexeon Ltd.
- Ningbo Shanshan Co. Ltd.
- OneD Material, Inc.
- Sila Nanotechnologies, Inc.
- Solid Energy A/S
- Zeptor Corp.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global silicon anode lithium-ion battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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