Middle-East And Africa Electric Vehicle Battery Anode Market Report 2030

Name: Middle-East And Africa Electric Vehicle Battery Anode Market Report 2030
Creator: Mordor Intelligence
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Middle-East And Africa Electric Vehicle Battery Anode Market Size and Share

Middle-East And Africa Electric Vehicle Battery Anode Market Summary — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Middle-East And Africa Electric Vehicle Battery Anode Market Analysis by Mordor Intelligence

The Middle-East And Africa Electric Vehicle Battery Anode Market size is estimated at USD 1.81 million in 2025, and is expected to reach USD 3.43 million by 2030, at a CAGR of 13.67% during the forecast period (2025-2030).

In the medium term, government policies and investments are likely to boost the adoption of electric vehicles, subsequently driving the market.
Conversely, the market's growth may be stunted by the limited involvement of companies in anode manufacturing within the region.
Ongoing research and development in anode materials present promising growth opportunities for the market.
During the study's focus period, the United Arab Emirates is projected to dominate the electric vehicle battery anode market in the Middle East and Africa.

Middle-East And Africa Electric Vehicle Battery Anode Market Trends and Insights

Lithium-ion Batteries to Dominate the Market

Lithium plays a crucial role in manufacturing batteries for electric vehicles (EVs). As the key ingredient in rechargeable lithium-ion batteries, lithium's high energy density facilitates extended driving ranges. Recently, the Middle East and Africa have seen a surge in lithium-ion manufacturing units, particularly for battery components like anodes.
For example, in July 2024, NextSource Materials announced plans for a new graphite anode plant in Saudi Arabia, focusing on the electric vehicle sector. With an investment exceeding USD 280 million, this venture highlights the company's global expansion strategy. The plant aims to produce 20,000 tonnes of graphite anode active material annually, specifically for lithium-ion batteries, bolstering the region's electric vehicle battery anode market.
Similarly, as lithium-ion manufacturing units proliferate in the Middle East and Africa, the demand for anodes is set to rise. In March 2024, Saudi Aramco and the Abu Dhabi National Oil Company teamed up to extract lithium from oilfield brine, signaling Gulf states' ambitions in electric vehicle production and the growing anode demand.
In December 2023, SHENZEN LEMI Technology Development Company, with oversight from Nigeria's Federal Ministry of Power and China's Ministry of Ecology and Environment, secured a deal for a USD 150 million lithium-ion battery plant in Nigeria. This project aligns with the Belt and Road Initiative's goals in Africa and global efforts to advance climate technology.
Historically, as lithium-ion battery prices have plummeted, the demand for related components like anodes has surged. Bloomberg NEF reported the average lithium-ion battery price in 2023 at USD 139 USD/kWh, marking a fivefold drop since 2014. This price decline suggests a buoyant future for the anode market.
Furthermore, electric vehicle adoption has been on the rise in the United Arab Emirates and South Africa. The International Energy Agency noted that 2023 saw electric car sales in these nations hit 29,980 units, a 53.5% leap from the prior year. With other regional countries likely to follow suit in EV demand, the anode market stands to benefit.
Given the trends in lithium-ion batteries and anode production, the electric vehicle battery anode market in the Middle East and Africa is poised for growth.

Middle-East And Africa Electric Vehicle Battery Anode Market: Middle-East and Africa Electric Vehicles Battery Anode Market: Average Price of Lithium-ion Battery, in USD per KWh, 2014-2023 — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

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United Arab Emirates to be the Largest Market

The United Arab Emirates (UAE) is witnessing a swift embrace of e-mobility, bolstered by government initiatives aimed at curbing carbon emissions from the transportation sector. The government's ambitious goal of having 42,000 electric vehicles (EVs) on the roads by 2030 underscores this commitment.
In August 2024, Mullen Automotive, a US-based firm, sealed a deal worth around USD 210 million with UAE's Volt Mobility. As per the agreement, the UAE is set to purchase 3,000 Class 1 and Class 3 electric vehicles by the end of 2025. This uptick in electric vehicles is poised to drive demand for batteries and components like anodes, fueling the market growth.
In June 2024, BluSmart, an all-electric ride-hailing platform, made its entry into the UAE. This move establishes BluSmart as the UAE's first-ever 100% electric, premium limousine service, highlighting the nation's commitment to sustainable transport. The anticipated rise in electric vehicle adoption will drive demand for batteries and essential components like anodes.
In May 2024, Al Ghurair Motors forged a dealership partnership with European manufacturer TAM-Europe, centering on electric commercial vehicles. This alliance not only emphasizes Al Ghurair Motors' commitment to the UAE's 2050 net-zero emissions goal but also heralds a greener transportation landscape and a thriving market for electric vehicle battery anodes.
Electric vehicle sales in the UAE have been on an upward trajectory. Data from the International Energy Agency reveals that 2023 saw sales of 28,900 electric cars in the UAE, marking a staggering 53% jump from the prior year. Given this momentum, the demand for electric vehicles—and by extension, the electric vehicle battery anode market—is poised for significant growth.
Given these developments, the electric vehicle battery anode market is set for a robust surge in the coming years.

Middle-East And Africa Electric Vehicle Battery Anode Market: Middle-East and Africa Electric Vehicles Battery Anode Market: Sales of Electric Cars, in Units, United Arab Emirates, 2018-2023 — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

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Competitive Landscape

The Middle East and Africa Electric Vehicle battery anode market is semi-consolidated. Some of the major players (not in particular order) include ICTC Egypt, Total Solution Industries LLC, Panasonic Holdings Corp, Targray, and NMT Electrodes.

Middle-East And Africa Electric Vehicle Battery Anode Industry Leaders

ICTC Egypt
Total Solution Industries LLC
Panasonic Holdings Corp
NMT Electrodes
Targray
*Disclaimer: Major Players sorted in no particular order

Middle-East And Africa Electric Vehicle Battery Anode Market Concentration — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

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Recent Industry Developments

February 2024: Mannai Automotive partnered with BYD to revolutionize Qatar's automotive landscape, introducing eco-friendly and cutting-edge electric vehicles (EVs) tailored for discerning consumers. This collaboration transcends a mere business deal to steer Qatar towards a sustainable future, echoing the aspirations of Qatar National Vision 2030. The growth in electric vehicles is expected to influence the electric vehicle battery anode market as well in the forecast period.
January 2023: EVM Arabia, a Saudi firm, has secured pivotal contracts worth USD 899 million with the Saudi government for an integrated battery chemicals complex in Jubail. This initiative aims to position the Kingdom as a global midstream hub, churning out high-purity chemicals vital for electric vehicle and battery cell producers. As electric vehicle battery manufacturing expands, the region's anode market is poised to see heightened demand during the forecast period.

Table of Contents for Middle-East And Africa Electric Vehicle Battery Anode Industry Report

1. INTRODUCTION

1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2029
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.1.1 Government policies supporting adoption of electric vehicles
- 4.5.1.2 Declining Lithium-ion Battery Prices
- 4.5.2 Restraints
- 4.5.2.1 Presence of limited players in the Region
4.6 Supply Chain Analysis
4.7 Industry Attractiveness - Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitutes Products and Services
- 4.7.5 Intensity of Competitive Rivalry
4.8 Investment Analysis

5. MARKET SEGMENTATION

5.1 Battery Type
- 5.1.1 Lead Acid Batteries
- 5.1.2 Lithium-ion Batteries
- 5.1.3 Other Battery Types
5.2 Material
- 5.2.1 Lithium
- 5.2.2 Graphite
- 5.2.3 Silicon
- 5.2.4 Others
5.3 Geography
- 5.3.1 Saudi Arabia
- 5.3.2 South Africa
- 5.3.3 United Arab Emirates
- 5.3.4 Nigeria
- 5.3.5 Egypt
- 5.3.6 Qatar
- 5.3.7 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
- 6.3.1 ICTC Egypt
- 6.3.2 NMT Electrodes
- 6.3.3 Panasonic Holdings Corp
- 6.3.4 Total Solution Industries LLC
- 6.3.5 Gamma Anode
- 6.3.6 Zinc Egypt
- 6.3.7 TAQAT Development
- 6.3.8 NextSource
- 6.3.9 Emirates Global Aluminium
- 6.3.10 Targray
*List Not Exhaustive
6.4 List of Other Prominent Companies
6.5 Market Ranking Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Research & Development in anode material

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Middle-East And Africa Electric Vehicle Battery Anode Market Report Scope

In electric vehicle batteries, the anode is the battery component from which electrons flow to the cathode during discharge and to which electrons return during charging.

The Middle-East and Africa Electric Vehicle anode market is segmented by battery type, material and geography. By battery type, the market is segmented into Lead Acid Batteries, Lithium-Ion Batteries, and Other Battery Types. By material, the market is segmented into Graphite, Silicon, and Others. The report also covers the market size and forecasts for the electric vehicle battery anode market across major countries such as Saudi Arabia, South Africa, the United Arab Emirates, Qatar, Egypt, and Rest of Middle-East and Africa. For each segment, the market sizing and forecasts have been done based on revenue (USD).

Battery Type

Lead Acid Batteries

Lithium-ion Batteries

Other Battery Types

Material

Lithium

Graphite

Silicon

Others

Geography

Saudi Arabia

South Africa

United Arab Emirates

Nigeria

Egypt

Qatar

Rest of Middle East and Africa

Battery Type	Lead Acid Batteries
	Lithium-ion Batteries
	Other Battery Types
Material	Lithium
	Graphite
	Silicon
	Others
Geography	Saudi Arabia
	South Africa
	United Arab Emirates
	Nigeria
	Egypt
	Qatar
	Rest of Middle East and Africa

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Key Questions Answered in the Report

How big is the Middle-East And Africa Electric Vehicle Battery Anode Market?

The Middle-East And Africa Electric Vehicle Battery Anode Market size is expected to reach USD 1.81 million in 2025 and grow at a CAGR of 13.67% to reach USD 3.43 million by 2030.

What is the current Middle-East And Africa Electric Vehicle Battery Anode Market size?

In 2025, the Middle-East And Africa Electric Vehicle Battery Anode Market size is expected to reach USD 1.81 million.

Who are the key players in Middle-East And Africa Electric Vehicle Battery Anode Market?

ICTC Egypt, Total Solution Industries LLC, Panasonic Holdings Corp, NMT Electrodes and Targray are the major companies operating in the Middle-East And Africa Electric Vehicle Battery Anode Market.

What years does this Middle-East And Africa Electric Vehicle Battery Anode Market cover, and what was the market size in 2024?

In 2024, the Middle-East And Africa Electric Vehicle Battery Anode Market size was estimated at USD 1.56 million. The report covers the Middle-East And Africa Electric Vehicle Battery Anode Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Middle-East And Africa Electric Vehicle Battery Anode Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Page last updated on: January 29, 2025