Global Next Generation Anode Materials Market Research Report: Forecast (2021-2026)

Market Overview

Anode Materials are negative electrodes commonly used in lithium-ion batteries.

According to the MarkNtel Advisors' research report, "Global Next-Generation Anode Materials Market Analysis, 2021," the market likely to grow at a CAGR of around 17% during 2021-26. The growth accredits to the increased mobile computing and electric cars market worldwide, rising silicone anode start-ups, and scaling investments by companies in R&D of new gen rechargeable battery systems with high energy density.

Apart from this, rising investment by the automotive OEMs in lithium-silicon technology companies to mount the percentage of silicon in EV batteries and oaring advancements in-cell technology are promulgating the market growth. The launch of silicon anode for next-generation Li-ion batteries and snowballing advancement in the existing Li-ion battery system are the factors promising lucrative growth of the market in the forecast period.

Impact of COVID-19

The outburst of COVID-19 had significantly obstructed the Global Next-Generation Anode Materials. The automotive industry was adversely affected by the pandemic. The disruptive supply due to lockdown imposition and closed border created a severe shortage of raw material. China controlled a large share of rare earth elements, a mineral used in electric vehicles. Moreover, the declined demand for automobiles has significantly decreased the market for lithium-ion batteries.

However, the market is recovering, uplift of lockdown leading to the resumption of the production unit. Hence, this is likely to fuel the demand for next-generation anode materials for developing advanced Li-ion batteries in the forecast period.