The lithium-ion battery anode materials market was valued at $9.5 billion in 2023 and is projected to reach $38.4 billion by 2033, growing at a CAGR of 15.1% from 2024 to 2033.
Lithium-ion battery anode materials are the elements used in the negative electrode (anode) of lithium-ion batteries. Accurate choice of anode materials is critical for overall performance of the lithium-ion battery such as capacity, lifespan, and charging characteristics. It directly influences the safety, efficiency, and cost of lithium-ion batteries. A lithium-ion battery is an electrochemical energy storage device that relies on the transfer of lithium ions between anode & cathode and is rechargeable.
Increase in the adoption of portable electronics, including laptops, tables, and wearable devices is a key driver of the lithium-ion battery anode materials market. In addition, the market is receiving investment from governments for the promotion of clean energy storage solutions, thereby augmenting the development of the market. The battery exhibits ingenious attributes such as rapid charging, prolonged lifecycle, and high energy density, which is boosting the adoption of lithium-ion batteries. Currently, the usage of nano materials such as nanostructured graphite, nano-silicon, and other nanocomposites is an emerging trend in the market. These nano materials are addressing the limitations of lithium-ion batteries and enhancing the charging capabilities, along with improved cost efficiency.
However, fluctuations in the prices of anode material, coupled with the supply chain disruptions are a major factor restraining the development of the lithium-ion battery anode materials market. In addition, robust competition from alternative battery technologies such as solid-state batteries disrupts the growth of the market. Furthermore, lithium-ion batteries have been recently identified as a source of hazardous chemical pollution, which is anticipated to hamper market growth in the future. According to a study published in the journal Nature Communications, lithium-ion batteries use a class of per-and polyfluoroalkyl substances, also known as "forever chemicals", which accumulate in the environment, humans, and animals without breaking down for thousands of years. The study states that the chemical is a cause for several health conditions, including high cholesterol, liver damage, chronic kidney disease, and low weight during birth.
Segment Review
The lithium-ion battery anode materials market is segmented into material type and region. On the basis of material type, the market is divided into active anode materials, anode binders, anode foils, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of material type, the active anode materials segment held the highest market share in 2023.
Region-wise, Asia-Pacific was the highest revenue generator in 2023.
Competition Analysis
The leading players operating in the global lithium-ion battery anode materials market include Mitsubishi Chemical Group Corporation., BASF SE, Nippon Carbon Co Ltd, SK Inc, Tanaka Chemical Corporation, 3M, Johnson Controls, Hitachi High-Tech India Private Limited, SAMSUNG SDI CO. LTD., and GS Yuasa International Ltd. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Lithium-ion battery anode materials are the elements used in the negative electrode (anode) of lithium-ion batteries. Accurate choice of anode materials is critical for overall performance of the lithium-ion battery such as capacity, lifespan, and charging characteristics. It directly influences the safety, efficiency, and cost of lithium-ion batteries. A lithium-ion battery is an electrochemical energy storage device that relies on the transfer of lithium ions between anode & cathode and is rechargeable.
Increase in the adoption of portable electronics, including laptops, tables, and wearable devices is a key driver of the lithium-ion battery anode materials market. In addition, the market is receiving investment from governments for the promotion of clean energy storage solutions, thereby augmenting the development of the market. The battery exhibits ingenious attributes such as rapid charging, prolonged lifecycle, and high energy density, which is boosting the adoption of lithium-ion batteries. Currently, the usage of nano materials such as nanostructured graphite, nano-silicon, and other nanocomposites is an emerging trend in the market. These nano materials are addressing the limitations of lithium-ion batteries and enhancing the charging capabilities, along with improved cost efficiency.
However, fluctuations in the prices of anode material, coupled with the supply chain disruptions are a major factor restraining the development of the lithium-ion battery anode materials market. In addition, robust competition from alternative battery technologies such as solid-state batteries disrupts the growth of the market. Furthermore, lithium-ion batteries have been recently identified as a source of hazardous chemical pollution, which is anticipated to hamper market growth in the future. According to a study published in the journal Nature Communications, lithium-ion batteries use a class of per-and polyfluoroalkyl substances, also known as "forever chemicals", which accumulate in the environment, humans, and animals without breaking down for thousands of years. The study states that the chemical is a cause for several health conditions, including high cholesterol, liver damage, chronic kidney disease, and low weight during birth.
Segment Review
The lithium-ion battery anode materials market is segmented into material type and region. On the basis of material type, the market is divided into active anode materials, anode binders, anode foils, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of material type, the active anode materials segment held the highest market share in 2023.
Region-wise, Asia-Pacific was the highest revenue generator in 2023.
Competition Analysis
The leading players operating in the global lithium-ion battery anode materials market include Mitsubishi Chemical Group Corporation., BASF SE, Nippon Carbon Co Ltd, SK Inc, Tanaka Chemical Corporation, 3M, Johnson Controls, Hitachi High-Tech India Private Limited, SAMSUNG SDI CO. LTD., and GS Yuasa International Ltd. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
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Key Market Segments
By Material Type
- Active Anode Materials
- Anode Binders
- Anode Foils
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
- Mitsubishi Chemical Group Corporation.
- BASF SE
- Nippon Carbon Co Ltd
- SK Inc
- Tanaka Chemical Corporation
- 3M
- Johnson Controls.
- Hitachi High-Tech India Private Limited
- SAMSUNG SDI CO.,LTD.
- GS Yuasa International Ltd
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: LITHIUM-ION BATTERY ANODE MATERIALS MARKET, BY MATERIAL TYPE
CHAPTER 5: LITHIUM-ION BATTERY ANODE MATERIALS MARKET, BY REGION
CHAPTER 6: COMPETITIVE LANDSCAPE
CHAPTER 7: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
Key Market Players in the Lithium-Ion Battery Anode Materials Market include:Mitsubishi Chemical Group Corporation.
- BASF SE
- Nippon Carbon Co Ltd
- SK Inc
- Tanaka Chemical Corporation
- 3M
- Johnson Controls.
- Hitachi High-Tech India Private Limited
- GS Yuasa International Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 340 |
| Published | June 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 9.5 billion |
| Forecasted Market Value ( USD | $ 38.4 billion |
| Compound Annual Growth Rate | 15.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
