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.
Market Segmentation
Silicon/ Silicon Oxide Blend Dominated the Market
Based on Product, Silicon/ Silicon Oxide Blend dominated the Global Next-Generation Anode Materials market and is likely to maintain its trend in the forecast period due to the growing deployment of silicon oxides in lithium-ion batteries (LIBs) owing to its long cycle life and higher energy density.
The surging silicon in electric vehicle batteries, being environment friendly, and rapidly growing demand for electric vehicles like electric cars, e-bikes, and e-buses can boost the demand for silicon in its global market, reveals MarkNtel Advisors in their research report, "Global Next-Generation Anode Materials Market Analysis, 2021."
Transportation Registers Highest Market Share
Based on the Application, the Transportation segment likely to register the highest market share in the Global Next-Generation Anode Materials market due to the paradigm shift of the automobile companies toward electric vehicle production to mitigate climate change. The ongoing developments in battery technology and rising demand for automotive lithium-based batteries are driving the market growth.
Besides, the growing government's inclination to promote electric cars, snowballing investments by OEMs like BMW Group & Daimler in lithium-silicon technology companies, such as Sila Nanotechnologies, Solid Power, and Enevate, and augmenting demand for cheaper, faster charging, and high-energy-density batteries are factors accelerating the segment growth.
Regional Landscape
North America Acquired the Highest Market Share
North America acquired the highest market share in the Global Next-Generation Anode Materials market in 2019 due to the surging commercialization of lithium-ion batteries. The integration of new materials in the lithium-ion battery to achieve high energy density and burgeoning production of silicon anodes as a replacement to the graphite anodes by the battery manufacturer.
The US dominated the North American region owing to the sturdy presence of giant market players. The increasing demand for consumer electronics products like wearable devices & smartphones and the high adoption of electric vehicles in the country are factors driving the Next-Generation Anode Materials market growth.
Market Driver
Burgeoning Funding in R&D
To replace graphite with silicon-based anode from lithium-ion batteries and various investments made by the market leaders in R&D are surging the need for next-generation anode materials. The growing demand for fast charging &higher energy efficiencies batteries in consumer electronics and burgeoning funding in the development of next-gen Li-ion batteries are the factors driving the global market.
Moreover, escalating innovation in high-capacity silicon anode material for next-generation batteries and snowballing adoption of clean-energy electric vehicles owing to the paradigm shift of the automotive industry towards electrification are factors accelerating the market growth.
Competitive Landscape
According to MarkNtel Advisors, the major leading players in the global Next-Generation Anode Materials market are Altair Nanotechnologies, Inc., Amprius, Inc., BTR New Energy Material Ltd., California Lithium Battery, Enevate Corporation, Enovix, HITACHI CHEMICAL CO. LTD., LeydenJar Technologies BV, NanoGraf Corporation, NEXEON LTD., Shanshan Technology, OneD Material, LLC, pH Matter LLC, SC Technologies, Sila Nanotechnologies Inc., Talga Resources Ltd., etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
A. The market size/industry size or the market value is in terms of USD Million and tons.
A. The Global Next-Generation Anode Materials Market is forecast to grow at a CAGR of 17% during 2021-26.
A. Altair Nanotechnologies, Inc., Amprius, Inc., BTR New Energy Material Ltd., California Lithium Battery, Enevate Corporation, Enovix, HITACHI CHEMICAL CO. LTD., LeydenJar Technologies BV, NanoGraf Corporation, NEXEON LTD., Shanshan Technology, OneD Material, LLC, pH Matter LLC, SC Technologies, Sila Nanotechnologies Inc., Talga Resources Ltd., are few of the leading players in the Global Next-Generation Anode Materials Market.
A. Electricals & Electronics can attain the highest CAGR during the forecast period and maintain its significant market share.
A. Asia-Pacific continues to grow at the highest CAGR, thereby offering immense opportunities for market leaders of the Global Next-Generation Anode Materials Market.
