The global lithium-ion battery anode market size is projected to grow from USD 8.4 billion in 2021 to USD 21.0 billion by 2026, at a CAGR of 19.9% from 2021 to 2026. The growing demand for electric vehicles along with the high demand for lithium-ion batteries for industrial applications is driving the market growth. Moreover, strategies such as agreements and plant expansions undertaken by several prominent players in the lithium-ion battery anode industry are further fueling the lithium-ion battery anode industry growth across the globe. 

The agreements, as well as plant expansions made by many prominent players in the lithium-ion battery anode industry, are one of the key factors. The lucrative market opportunities in the regions of China, Hungary, Germany, and Poland, as well as the rising concerns related to environment due to the usage of fossil fuels, are expected to boost the lithium-ion battery anode market.

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The growing demand for electric vehicles along with high demand for lithium-ion batteries for industrial applications is driving the market growth. Moreover, strategies such as agreements and plant expansions undertaken by several prominent players in the lithium-ion battery anode industry are further fueling the lithium-ion battery anode industry growth across the globe.

Browse 145 market data Tables and 45 Figures spread through 163 Pages and in-depth TOC on "Lithium-Ion Battery Anode Market by Materials (Active Anode Materials and Anode Binders), Battery Product (Cell and Battery Pack), End-Use (Automotive and Non-Automotive), and Region (Europe, North America, and Asia Pacific) - Global Forecast to 2026"

The key players in the lithium-ion battery anode market include Showa Denko Materials (Japan), JFE Chemical Corporation (Japan), Kureha Corporation (Japan), SGL Carbon (Germany), Shanshan Technology (China), and POSCO CHEMICAL (South Korea). The lithium-ion battery anode market report analyzes the key growth strategies adopted by the leading market players between 2017 and 2021, which include expansions, investments, and mergers & acquisitions.

Showa Denko Materials is one of the leading companies engaged in the manufacturing of lithium-ion battery materials. The company manufactures a wide range of chemicals and electronics related products. Hitachi Chemical Company was acquired by Showa Denko after which it was named as Showa Denko Materials in June 2020. The company has its presence in North America, South America, Europe, and Asia Pacific. It has its major footprint in countries such as Japan, South Korea, China, and US. It has its research and development centers located in Tsukuba, Japan; Hitachi, Japan; Fukaya, Japan; and Chikusei, Japan.

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Recent Developments

1. In April 2021, Shanshan Technology is to expand its lithium-ion battery anode material production base which is in Baotou city, north China's Inner Mongolia. Currently, the plant has a production base of more than 60,000 t/yr of graphite negative and 40,000 t/yr of carbon-coated graphite negative materials.
2. In April 2021, SGL Carbon signed a collaboration agreement with Altech Chemicals for the development of high purity alumina-coated (HPA) graphite materials for use by the lithium-ion battery industry in anode application.
3. In March 2021, SGL Carbon received a funding of around USD 51 million under IPCEI (Important Project of Common European Interest) for the development and industrialization of anode materials that are made of synthetic graphite for use in lithium-ion batteries.

Based on Materials

• Active Anode Materials
  • Natural Graphite
  • Synthetic Graphite
  • Silicon
  • Li-Compounds & Metal
• Anode Binders

The synthetic graphite of lithium-ion battery anode market, by materials, is expected to be the largest market from 2021 to 2026.

Synthetic graphite is produced from pitch and coke. It is of a higher purity than natural graphite but is not as crystalline. It is used in specialty applications because of its superior uniformity and purity (>99%). Graphite end users, therefore, prefer synthetic graphite even though its price is three to four times than natural graphite, as synthetics graphite offers higher reliability and performance. Synthetic graphite provides smooth migration of lithium-ions and facilitates fast charge as compared to natural graphite. Therefore, It sees high demand for the lithium-ion battery for anode market during the forecast period. 

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Based on Battery Product

• Cell
• Battery Pack

Based on End-use

• Automotive
• Non-Automotive
  • Energy Storage
  • Aerospace
  • Marine
  • Others

The automotive end-use segment is projected to lead the global lithium-ion battery anode market during the forecast period.

The automotive end-use industry is expected to be one of the major segments for lithium-ion battery anode market. Battery-driven vehicles such as electric vehicles, e-bikes, and automated guided vehicles, are major consumers of lithium-ion batteries. There is increasing competition between battery models installed in EVs owing to the need for operational excellence. Increasing adoption and awareness of EVs supports the growth of the lithium-ion battery market which in turn enhances the demand for lithium-ion battery anode.

Based on the Region

• Europe
• North America
• Asia Pacific 

Europe lithium-ion battery anode market is projected to grow at the highest CAGR

Europe is the second-largest consumer of lithium-ion battery anode and accounted for a share of 6.1% of the global market, in terms of value, in 2020. The region is home to some of the largest battery manufacturers, such as Saft (France) and FIAMM (Italy). Batteries have major applications as clean, sustainable, and compact sources of power in automotive. The region is witnessing significant growth in the demand for EVs which is largely dependent on government incentives and funds. Growth in demand for electric vehicle has increased the demand for lithium-ion battery anode which in return has fueled the demand for lithium-ion battery anode in the region.

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The report provides insights on the following pointers: 

• Market Penetration:Comprehensive information on the product portfolios of the top players in the lithium-ion battery anode market. 

• Product Development/Innovation:Detailed insights on the upcoming technologies, R&D activities, and product launches in the market. 

• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market. 

• Market Development:Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies. 

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the lithium-ion battery anode market.

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