openPR Logo
Press release

Global Anode Materials Market: Driven by Electric Vehicle Demand and Innovations in Battery Technology

05-02-2024 03:33 PM CET | Chemicals & Materials

Press release from: Emergen Research

Anode Materials Market

Anode Materials Market

The global anode materials market is poised for substantial growth, primarily fueled by the surge in demand for Electric Vehicles (EVs) and the continuous innovation in battery technology. According to recent market research, the market revenue is expected to witness a steady increase owing to the growing adoption of electric vehicles worldwide.

The rise of the Electric Vehicle (EV) market has been remarkable, with global EV sales projected to exceed 14 million units by the end of 2023, representing a significant 40% increase over the previous year. In 2022 alone, electric vehicles accounted for 14% of all new vehicle sales, marking a notable upward trend from previous years.

Unlock the Insights: Download the Full Report Now @ https://www.emergenresearch.com/request-sample/2291

One of the key drivers of the anode materials market growth is the escalating demand for portable electronic devices (PEDs). With the increasing reliance on PEDs for real-time information exchange, there's a growing need for high-performance rechargeable battery systems. Anodes, a critical component of rechargeable batteries, play a pivotal role in enhancing battery performance.

Despite the promising growth prospects, the market faces certain restraints, including the high cost of some anode materials and technological limitations. Factors such as expensive raw materials and complex manufacturing procedures pose challenges to market expansion. Additionally, issues like volume expansion and surface oxide passivation hinder the widespread adoption of certain anode materials.

However, market trends indicate a shift towards the increasing popularity of silicon anodes. Silicon, known for its high theoretical capacity and cost-effectiveness, is emerging as a promising alternative for enhancing battery efficiency and energy storage capacity. Innovations in silicon anode technology aim to address challenges such as volume expansion and surface passivation, driving the segment's rapid revenue growth.

Segment-wise, graphite anode materials are expected to dominate the global market, thanks to their superior performance characteristics such as cycle stability and quality consistency. Synthetic graphite, in particular, stands out for its enhanced properties, making it a preferred choice for various applications.

Meanwhile, the consumer electronics segment is anticipated to hold a significant revenue share in the anode materials market, driven by the growing demand for advanced rechargeable batteries in electronic devices. Lithium-ion batteries, widely used in consumer electronics, are witnessing advancements in anode materials to meet evolving industry needs.

Exclusive Savings Await: Grab Your Discounted Report @ https://www.emergenresearch.com/request-discount/2291

In the Electric Vehicles (EVs) segment, rapid revenue growth is projected, driven by innovations aimed at enhancing battery performance and range. Silicon anode materials, in particular, are gaining traction for their potential to increase EV range by up to 20% while reducing charge times. The growing demand for Battery Anode Materials (BAM) is further fueled by the expanding EV market, with projections indicating a threefold increase in demand by 2025.

Overall, the global anode materials market is poised for significant expansion, propelled by the burgeoning Electric Vehicle market and advancements in battery technology. As the demand for high-performance rechargeable batteries continues to rise, stakeholders across the industry are gearing up to capitalize on emerging opportunities and address existing challenges.

Anode Materials Top Companies and Competitive Landscape

The global anode materials market is consolidated, with few large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective anode materials.

• Epsilon Advanced Materials
• BTR New Material Group Co., Ltd.
• Merck KGaA
• Shanshan
• Guibao
• IOPSILION
• Mitsubishi Chemical
• SGL Carbon
• Hunan Graphite
• Imerys Graphite & Carbon

Anode Materials Latest Industry News

• On 28 July 2021, the £1.5 million 'Silicon Anode Battery for Rapid Electrification' (Sabre) project, which aims to increase energy density in lithium ion batteries suitable for electric vehicles, received funding approval from Innovate UK. Nexeon, Britishvolt, and University College London (UCL) will receive the funds via the Faraday Battery Challenge at U.K. Research and Innovation to provide Li-ion test cells with a silicon anode material.

• On 4 May 2023, the latest indication that Western countries are becoming even more dependent on China's clean tech sector is a significant Chinese battery supplier spending USD 1.3 billion in Swedish manufacturing. In Sundsvall, in central Sweden, Shanghai-listed Putailai is constructing Europe's largest facility for producing anodes, a critical component of the batteries that go into electric vehicles, where it will take advantage of the country's copious green power.

Access the Complete Report: Your Key to In-Depth Insights @ https://www.emergenresearch.com/industry-report/anode-materials-market

Anode Materials Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global anode materials market based on the type, application, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Graphite Anode Materials
o Silicon Anode Materials
o Lithium Titanate (LTO) Anode Materials
o Other Anode Materials

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Consumer Electronics
o Electric Vehicles (EVs)
o Energy Storage Systems (ESS)
o Industrial Applications
o Others

• Regional Outlook (Revenue, USD Billion, 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. U.K.
3. France
4. Spain
5. BENELUX
6. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. Israel
4. Rest of MEA

Don't miss out on valuable insights - purchase the report today @ https://www.emergenresearch.com/select-license/2291

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Anode Materials Market: Driven by Electric Vehicle Demand and Innovations in Battery Technology here

News-ID: 3483066 • Views:

More Releases from Emergen Research

Global Internet of Things (IoT) in Healthcare Market to Reach USD 299.05 Billion in 2023, Set for Strong Growth at 16.5% CAGR
Global Internet of Things (IoT) in Healthcare Market to Reach USD 299.05 Billion …
The global Internet of Things (IoT) in Healthcare Market was valued at USD 299.05 billion in 2023 and is expected to grow at a CAGR of 16.5% during the forecast period. This growth is fueled by the rising use of connected healthcare devices, increasing demand for early disease detection through remote monitoring, and growing adoption of artificial intelligence (AI) tools within IoT-based healthcare systems. The market is also benefiting from the
Global Stem Cell Therapy Market to Reach USD 49.2 Billion by 2034, Growing at 13.6% CAGR
Global Stem Cell Therapy Market to Reach USD 49.2 Billion by 2034, Growing at 13 …
The global Stem Cell Therapy Market, valued at USD 13.7 billion in 2024, is projected to reach USD 49.2 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.6%. Growth is being fueled by the rising burden of chronic diseases, rapid progress in cell-based studies, and increasing investments in regenerative medicine and personalized healthcare solutions. Stem cell therapies offer the ability to repair, replace, or restore damaged tissues
Artificial Intelligence Strengthens Cybersecurity as Threats Grow More Sophisticated
Artificial Intelligence Strengthens Cybersecurity as Threats Grow More Sophistic …
The global Artificial Intelligence in cybersecurity market size was USD 23.8 Billion in 2023 and is expected to reach a market valuation of USD 29.44 billion by the end of 2024 registering a CAGR of 23.7% during the forecast period. The adoption of Artificial Intelligence (AI) in cybersecurity is rapidly gaining traction as organizations worldwide face increasingly complex and frequent cyber threats. By combining advanced technologies such as Machine Learning
Global Regenerative Medicine Market to Reach USD 125.6 Billion by 2034, Growing at 13.9% CAGR
Global Regenerative Medicine Market to Reach USD 125.6 Billion by 2034, Growing …
The global regenerative medicine market, valued at USD 34.2 billion in 2024, is set to grow to USD 125.6 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.9%. Growth is being fueled by rising approvals of advanced therapies, strong demand for personalized treatments in cancer and orthopedics, and expanding cell and gene therapy manufacturing across major markets such as North America, Europe, and Asia. Once seen as

All 5 Releases


More Releases for Anode

Sacrificial Zinc Anode for Superior Corrosion Protection
Protect your metal with ease! Discover how a Sacrificial Zinc Anode prevents corrosion and extends equipment life-smart, effectively 201, Shrushti Tower, Shastri Nagar Rd, Kalwa, Maharashtra Constro Chem India are competency is to save the Structure from corrosion. We are a manufacturer & supplier of construction chemicals and products which are used in civil maintenance services like Structural Strengthening, Waterproofing, Structural repairing, cathodic protection, protective coating, bonding agents, and anti-corrosive treatment.
Hard Carbon Anode Material and Soft Carbon Anode Material Market Current Status …
Hard Carbon Anode Material and Soft Carbon Anode Material Market Size And Forecast Hard Carbon Anode Material and Soft Carbon Anode Material Market size was valued at USD output current value herein 2024 and is forecasted to grow at a CAGR of output cagr value here% from 2026 to 2033, reaching USD output forecast value here by 2033. Hard Carbon Anode Material and Soft Carbon Anode Material Market Emerging Trends, Overview, and
Silicon Anode Battery Market: A Comprehensive Overview
The silicon anode battery market is rapidly emerging as one of the most promising segments within the broader battery industry. As global demand for advanced energy storage systems escalates, especially in the electric vehicle (EV) and renewable energy sectors, silicon-based anode technology is being increasingly recognized as a key player in achieving higher energy densities and better overall performance in lithium-ion batteries. Silicon anode batteries are expected to revolutionize the
Zinc Sacrificial Anode Market Size and Forecast
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The global Zinc Sacrificial Anode Market is expected to record a CAGR of XX.X% from 2024 to 2031 In 2024, the market size is projected to reach a valuation of USD XX.X Billion. By 2031 the valuation is anticipated to reach USD XX.X Billion. The Zinc Sacrificial Anode market is witnessing significant growth due to the increasing need for corrosion protection in industries such as marine, oil and
Silicon Anode Battery Market: An In-Depth Analysis
The energy storage industry has been undergoing significant transformation in recent years, with new technologies revolutionizing the way we store and use energy. One of the most promising developments in this space is the rise of silicon anode batteries. Traditionally, lithium-ion batteries have dominated the market, but the integration of silicon into the anode material offers a range of benefits, such as higher energy density and longer lifespan. This shift
Global Silicon Anode Battery Industry Analysis By Geography
Stratistics MRC's Silicon Anode Battery Market report explains company profiling, key segments, market trends, top players and regional, country-level segments. An increasing number of new Giga factory projects by manufacturers is expected to offer potential growth opportunities to the market y. For instance, in November 2019, Tesla founder and CEO Elon Musk pledged to build "Gigafactory 4" in the Berlin area. It is planning to build batteries, powertrains, and vehicles, starting