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 is 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.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 17% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, UK, France, Italy, Others | |
| Asia-Pacific: China, India, Japan, South Korea, Others | |
| South America: Brazil, Others | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa, Others | |
| Key Companies Profiled | 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. |
| Unit Denominations | USD Million/Billion |
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.
