Battery Anode Materials Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The Battery Anode Materials Market is segmented by Material (Lithium, Silicon, Graphite and Other Materials), Application (Consumer Electronics, Automotive, Industrial, Telecommunication, and Other Applications), and Geography (Asia-pacific, North America, Europe, South America, and the Middle East & Africa). The report offers market size and forecasts for Battery Anode Materials in volume (kilo tons) for all the above segments.

Market Snapshot

Battery Anode Materials Market Size
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: >10 %
Battery Anode Materials Market Key players

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Market Overview

The global battery anode materials market is projected to register a CAGR of more than 10% during the forecast period (2022-2027).

Unfavourable conditions arising due to the COVID-19 outbreak hindered the growth of the market in the past year. Also, many end-user industries were impacted due to pandemics. That restricted the growth of the market. However, in 2022, the situation is coming on track and now the market is stable and growing steadily.

  • One of the major factors driving the battery anode materials market is the increasing demand from the automotive sector.
  • However, the stringent safety regulations for batteries through storage and transportation are likely to hinder the expansion of the studied market.
  • Research and development of silicon and the lithium-based anode is a major opportunity to drive the market in the future.
  • Asia-Pacific region accounts for the highest market share due to increasing demand in countries like China, Japan and South Korea.

Scope of the Report

Anode materials are required to be electrochemically active toward the oxidation reaction. To be active as an anode, the material must be electronically conducting under reducing environments, be chemically and physically stable, be a good electrocatalyst, and not react with other cell materials. The battery anode materials market is segmented by Material (Lithium, Silicon, Graphite, and Other Materials), Application (Consumer Electronics, Automotive, Industrial, Telecommunication, and Other Applications), and Geography (Asia-pacific, North America, Europe, South America, and Middle-East & Africa). The report also covers the market sizes and forecasts for Battery Anode Materials Market in 15 countries across the major region. For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).

Materials
Lithium
Silicon
Graphite
Other Materials
Application
Consumer Electronics
Automotive
Industrial
Telcommunication
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Rising Demand in Automotive Industry

  • The market for electric vehicles is expected to grow in the future, driven by the adoption of various environmental norms and emission regulations.
  • Owing to environmental concerns and awareness about clean and sustainable fuel, there is a rise in the demand for electric vehicles.
  • The anode material, in the battery, determines how fast the vehicle battery can be charged and, with an increase in the energy density, helps to extend the driving range per charge.
  • According to a study, the number of electric cars on the world's roads by the end of 2021 was ~16.5 million, triple the amount in 2018.
  • According to the U.S. Department of Energy, in the United States sales of new light-duty plug-in electric vehicles, including all-electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), nearly doubled from 308,000 in 2020 to 608,000 in 2021. EV sales accounted for 73% of all plug-in electric vehicle sales in 2021.
  • All the aforementioned factors are likely to propel the demand for battery anode materials during the forecast years.
Battery Anode Materials Market Trends

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy, in terms of GDP. China and India are among the fastest emerging economies in the world.
  • China is the largest producer & exporter of Consumer Electronics in the world. It is the world’s most extensive electronics manufacturing ecosystem with a labor force of electrical goods workers of close to 150 million.
  • Furthermore, in China, electric car sales were ~3.3 million, which is nearly triple in 2021 compared to 2018.
  • As per the India Brand Equity Foundation, overall, in 2021, 329,190 EVs were sold in India, indicating a 168% YoY growth over last year’s sales of 122,607 units.
  • Moreover, according to NITI Aayog and Rocky Mountain Institute (RMI), India's EV finance industry is likely to reach USD 50 billion by 2030.
  • Due to all the above-mentioned factors, the Asia-Pacific region is expected to see an increase in demand during the forecast period.
Battery Anode Materials Market Growth rate

Competitive Landscape

The battery anode materials market is partially consolidated in nature. Some of the major players in the market include (not in any particular order) Johnson Matthey, Mistubishi Chemical Corporation, JFE Chemical Corporation, Sumitomo Chemical Co., Ltd., and Nippon Carbon Co Ltd. among others.

Recent Development

  • In May 2022, Nano One Materials Corp., a clean technology innovator in battery materials, announced that it has entered into a binding agreement to acquire all the outstanding shares of Johnson Matthey (JM) Battery Materials Ltd. 
  • In Apr 2020, Tohoku University and Sumitomo Chemical Reveal a New Mechanism for Preventing Deterioration of Aluminium Anode during Cyclic Battery Reactions.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing in Demand for Electric Vehicles

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Stringent Safety Regulations

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Materials

      1. 5.1.1 Lithium

      2. 5.1.2 Silicon

      3. 5.1.3 Graphite

      4. 5.1.4 Other Materials

    2. 5.2 Application

      1. 5.2.1 Consumer Electronics

      2. 5.2.2 Automotive

      3. 5.2.3 Industrial

      4. 5.2.4 Telcommunication

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 Hitachi Chemical

      3. 6.4.3 JFE Chemical Corporation

      4. 6.4.4 Johnson Matthey

      5. 6.4.5 Mistubishi Chemical Corporation

      6. 6.4.6 NEI Corporation

      7. 6.4.7 Nippon Carbon Co., Ltd

      8. 6.4.8 Sinuo

      9. 6.4.9 Sumitomo Chemical Co., Ltd

      10. 6.4.10 TCI Chemicals Pvt. Ltd

      11. 6.4.11 TORAY Industries Inc.

      12. 6.4.12 Zichen

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Burgeoning Funding in Research and Development

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Battery Anode Materials Market market is studied from 2017 - 2027.

The Battery Anode Materials Market is growing at a CAGR of >10% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Johnson Matthey, Mistubishi Chemical Corporation, JFE Chemical Corporation , Sumitomo Chemical Co., Ltd, Nippon Carbon Co., Ltd are the major companies operating in Battery Anode Materials Market .

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