According to the MarkNtel Advisors' research report, "Global Next-Generation Anode Materials Market Analysis, 2021," the market likely to grow at a CAGR of 17% during 2021-26. The growth attributes to ongoing innovation conducted by companies in anode material, such as silicon-carbon composite and silicon oxide mixture, soaring demand for electronic products, and rising inclination toward silicon recycling to mount their application in lithium-ion batteries.
Besides, various schemes, subsidies & plans introduced by governments to augment the sales and production of an electric vehicle are placing a significant impact on the market growth. Moreover, propelling R&D activities due to the increasing demand for highly efficient batteries among industries like energy storage and power tools is imposing a lucrative opportunity for market growth in the forecast period.
Key questions answered in the study
Electricals and Electronics Accounted to Highest Market Share
Based on Application, Electricals and Electronics accounted for the highest market share in the Global Next-Generation Anode Materials market in 2019. It is because the market has been witnessing robust growth over the past few decades. The introduction of new advanced electronic devices such as wearable devices, smartphones, tablets, and computers, etc., and increasing demand for the high energy density among the rechargeable battery technologies has propelled the market growth.
Moreover, the surging application of lithium-ion batteries in consumer electronic devices and escalating investment toward technological advancement in Li-ion batteries seems to boost the segment growth in the forecast period.
"Global Next-Generation Anode Materials Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Next-Generation Anode Materials providers across the globe. Moreover, the report also includes the key strategic imperatives for the competitors' success and strategic factorial indexing measuring competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Asia-Pacific Exhibits Fastest Growth
Asia-pacific can exhibit the fastest growth in the Global Next-Generation Anode Materials market over the forecast period during 2021-26. India and China accounted for the majority market share due to the introduction of EV policy and investment by the governments to encourage production and sale, and rising number of start-ups for cell development with high energy & power density, durability, and long battery life.
Furthermore, rapidly growing end-user industries, surging investments in R&D of novel anode material, and the soaring demand for lithium-ion batteries (LIBs) in power tools are likely to drive the Global Next-Generation Anode Materials market in the forecast period; reveals MarkNtel Advisors in their research report, "Global Next-Generation Anode Materials Analysis, 2021."
According to MarkNtel Advisors, the key industry leaders in the Global Next-Generation Anode Materials market are NEXEON LTD., Shanshan Technology, OneD Material, LLC, pH Matter LLC, Altair Nanotechnologies, Inc., HITACHI CHEMICAL CO. LTD., LeydenJar Technologies BV, Amprius, Inc., BTR New Energy Material Ltd., California Lithium Battery, Enevate Corporation, Enovix, NanoGraf Corporation, SC Technologies, Sila Nanotechnologies Inc., Talga Resources Ltd., etc.