Aug 4, 2021   SOURCE: BusinessWire

The Worldwide Lithium-Ion Battery Anode Industry is Expected to Reach $21 Billion by 2026 - ResearchAndMarkets.com

The "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" report has been added to ResearchAndMarkets.com's offering.

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 Li-Compounds & Li-Metal active anode segment, by material, is projected to register the highest CAGR during the forecast period.

Li-metal batteries using Li metal as the anode provides a huge amount of increase in energy density. Unfortunately, in the past when scientists have experimented with lithium-metal batteries, they found it to be extremely unstable and often exploded. That's the reason scientists have now been able to stabilize the lithium-metal battery and bring a viable commercial version to the marketplace. Li-metal batteries is an ideal anode material for rechargeable batteries because of their extremely high theoretical specific capacity (3860 mA h g-1), low density (0.59 g cm-3) and lowest negative electrochemical potential.

Automotive segment by end-use accounts for the largest share for lithium-ion battery anode during the forecast period.

The market for electric vehicles is expected to grow in the near future, partly 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. This has resulted in an increase in the demand for lithium-ion battery anode. There is also substantial support from governments in various countries in the form of incentives and subsidies to promote the purchase of electric vehicles.

Asia Pacific is projected to account for the largest share lithium-ion battery anode market during the forecast period.

The Asia Pacific region is expected to lead the lithium-ion battery anode industry from 2021 to 2026 in terms of both value and volume. The region has become an attractive automotive market, emerging as a hub for automobile production in recent years. Recent infrastructure developments and industrialization activities in emerging nations have opened new avenues and opportunities for OEMs. The increasing purchasing power of the population has stimulated the demand for consumer electronics and automobiles, creating a need for lithium-ion batteries which in return creates the demand for lithium-ion battery anode.

Market Dynamics

Drivers

  • Increase in Demand for Ev Vehicles
  • Growing Need for Automation and Battery-Operated Equipment in Industries
  • High Demand for Lithium-Ion Batteries for Industrial Applications
  • Increase in R&D Initiatives by Lithium-Ion Battery Manufacturers

Restraints

  • Safety Issues Related to Storage and Transportation of Batteries

Opportunities

  • Increasing Adoption of Lithium-Ion Batteries in New Applications
  • Innovation and Technology Advances in Lithium-Ion Battery Anode Materials

Challenges

  • Overheating Issues of Lithium-Ion Batteries
  • High Cost of Lithium-Ion Battery-Operated Industrial Vehicles
  • Impact of COVID-19

Companies Mentioned

  • Aekyung Petrochemical
  • Amsted Graphite Materials
  • Beiterui New Materials Group Co
  • Ecograf
  • Epsilon Carbon Private Limited
  • Guangdong Kaijin New Energy Technology Corp
  • Himadri Speciality Chemical Ltd.
  • International Graphite
  • Jfe Chemical Corporation
  • Jiangxi Zhengtuo New Energy Technology
  • Jiangxi Zichen Technology
  • Kuraray Co
  • Kureha Corporation
  • Mitsubishi Chemical Corporation
  • Nei Corporation
  • Nippon Carbon
  • Posco Chemical
  • Pyrotek
  • Sgl Carbon
  • Shanshan Technology
  • Shin-Etsu Chemical
  • Showa Denko K.K.
  • Showa Denko Materials
  • Talga Group
  • Tokai Carbon Co

For more information about this report visit https://www.researchandmarkets.com/r/tk3i22