The global lithium-ion battery anode market is growing at a considerable CAGR of 18.2% during the forecast period. The growing adoption of lithium-ion batteries for industrial applications, increasing investment by companies in the R&D initiatives is considered as the prime factors affecting and driving the market. Additionally, the increasing adoption of solar energy for electricity generation along with rapid technological innovations, are also estimated to be the key factors that are contributing significantly towards the growth of the market. However, issue related to the safety of batteries in storage and transportation is the major factor constraints that are hindering the growth of the global lithium-ion battery anode market across the globe.  

Moreover, the growing adoption of lithium-ion batteries in new applications is one of the key factors that are creating opportunities in the market. New product launches and collaboration in the market are likely to drive the growth of the global lithium-ion battery anode market. For instance, in April 2021, Shanshan Technology that is considered as one of the Chinese lithium battery material producers will enlarge its lithium-ion battery anode material production base in north china. The investment for the new plant is around $235 million that has a capacity of 60,000 t/yr of anode material along with 52,000 t/yr of the graphite processing operation. The plant is expected to be complete within 15 months. 

Impact of COVID-19 Pandemic on the Global Lithium-Ion Battery Anode Market

The global lithium-ion battery anode markets are hardly hit by the COVID-19 pandemic since December 2019. The COVID-19 pandemic had brought a lot of disruption across the globe. Moreover, various manufacturing activities were shut down that delayed in production of lithium-ion battery materials along with its sales owing to the COVID-19 pandemic that had adversely impacted the market. 

Segmental Outlook 

The global lithium-ion battery anode market is segmented based on materials, battery product, and end-use. Based on materials, the market is segmented into active anode materials and anode binders. Based on battery product the market is segmented into cell and battery pack. Further, based on end-use the market is segmented into automotive and non-automotive. 

Global Lithium-Ion Battery Anode Market Share by End-Use 2020 (%)

Based on the end-use segment, the automotive holds a significant share in the market. This is owing to increasing concerns related to environmental pollution with the use of fossil fuels along with a longer life cycle offered for vehicles and high energy efficiency, which in turn is driving the growth of the segment in the market.

Regional Outlooks

The global lithium-ion battery anode market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in the global lithium-ion battery anode market. Some factors that are boosting the market growth in North America are the rapid adoption of electric vehicles and increasing sales related to home electronics, along with the existence of a large number of players in the region.  

Global Lithium-Ion Battery Anode Market, by Region 2021-2027

Asia-Pacific will have Considerable Growth in the Global Lithium-Ion Battery Anode Market

Asia-Pacific region is expected to witness significant growth opportunities for the market. Increasing demand for lithium-ion batteries for industrial applications across the region is likely to drive the growth of the regional market. Key market companies expanding their reach along with rising technology advances in lithium-ion battery anode materials in this region, especially in South Korea, China, and India is also impacting the growth of the market. Additionally, an increase in demand related to electric vehicles is another factor that is also affecting the growth of the market.

Market Player Outlook

Key players of the global lithium-ion battery anode market are TomTom International BV., HERE Technologies, Waymo, NVIDIA, Dynamic Map Platform. To survive in the market, these players adopt different marketing strategies such as product launches and mergers and acquisitions. For instance, in April 2021, Posco Chemical had set forth to supply anodes to Ultium Cells, an electric vehicle battery manufacturing facility that is considered as a joint venture which was made in 2019 by LG Energy Solution and General Motors for commencing its large production of nickel, cobalt, manganese, aluminum batteries in 2021.

In March 2021, one of the leading suppliers of graphite and carbon products, named SGL Carbon had received funding of around $51 million for the purpose of development and industrialization of innovative anode materials that are made up of synthetic graphite for the utilization in lithium-ion batteries. The funding program is considered to be a part of the second European IPCEI (Important Project of Common European Interest) / EUBatIn (European Battery Innovation) program. The objective of the program is to have a competitive European value chain for lithium-ion batteries, which would be based on innovative and sustainable technologies. Additionally, contribution to the IPCEI project by the company consists of the development of anode materials with increased performance along with energy-efficient and sustainable manufacturing processes to novel recycling concepts. 

The Report Covers

    • Market value data analysis of 2020 and forecast to 2027.

    • Annualized market revenues ($ million) for each market segment.

    • Country-wise analysis of major geographical regions.

   • Key companies operating in the global lithium-ion battery anode market based on the availability of data, information related to new product launches, and relevant news is also available in the report.

   • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

    • Analysis of market-entry and market expansion strategies.

    • Competitive strategies by identifying ‘who-stands-where in the market.