Market Size of Graphite Anode for LIB Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Graphite Anode for LIB Market Analysis
The graphite anode for the LIB market is projected to register a CAGR of greater than 7% during the forecast period.
The melamine market was negatively impacted during the COVID-19 pandemic in 2020. The market improved in 2021. With automotive manufacturing activities recovering from the lockdown, the demand for automobile components such as batteries and other electronic components increased. The automotive industry is recovering rapidly and is estimated to grow further in the coming years, which may boost the demand for melamine.
- Over the short term, the rising demand for lithium-ion batteries from the electric vehicles industry is expected to drive the market's growth.
- The stringent regulations against dumping battery waste are expected to hinder the market's growth.
- However, developing newer materials for batteries is likely to be an opportunity.
- Asia-Pacific dominates the world, with the most significant consumption from China and India.
