Battery Anode Materials Market by Material, Battery Product, End-Use

Description

List of Tables

[180 Pages Report] The Battery Anode Materials Market size was estimated at USD 21.82 billion in 2023 and expected to reach USD 23.86 billion in 2024, at a CAGR 9.45% to reach USD 41.08 billion by 2030.

Battery anode materials encompass a range of materials used in negative electrodes or anode of various batteries. Anodes are crucial for battery operation as they host the lithium ions during discharging and recharging cycles, and the use of appropriate battery anode materials is crucial for the performance, safety, and efficiency of the batteries. The proliferation of electric vehicles, propelled by environmental concerns regarding vehicular emissions and supportive government policies for the production of EVs, has driven the need for advanced battery anode materials. Furthermore, the increasing adoption of portable electronics such as tablets, smartphones, and laptops commands the need for high-performance batteries, fostering growth in battery anode materials. However, constraints related to the usage and production of battery anode materials involve issues related to the environmental impact of mining or processing operations. Additionally, the performance degradation of battery anode materials over time poses a significant challenge. Researchers and key players are investing in R&D initiatives to develop or discover novel battery anode materials associated with enhanced performance characteristics. Furthermore, optimizing existing manufacturing methods to reduce costs and improve scalability and exploring sustainable methods of manufacturing battery anode materials can provide new avenues of growth for the battery anode materials market.

KEY MARKET STATISTICS
Base Year [2023]	USD 21.82 billion
Estimated Year [2024]	USD 23.86 billion
Forecast Year [2030]	USD 41.08 billion
CAGR (%)	9.45%

Regional Insights

The Americas region, particularly the U.S. and Canada, is associated with the presence of several key EV manufacturers and producers of electronic devices, propelling the demand for battery anode materials. Additionally, the Americas region has experienced the expansion of battery anode material production facilities and the incorporation of advanced recycling technologies for graphite and silicon battery anode materials. Europe exhibits a strong commitment to environmental sustainability and has been a frontier in the adoption of clean energy technologies, including advanced battery systems and battery anode materials. Europe's strategic initiatives, such as the European Battery Alliance, aim to secure the supply chain for battery components and foster innovation in battery technologies, influencing the use and development of novel battery anode materials. The APAC region acts as a manufacturing base for EV and battery components, thereby fuelling the production of battery anode materials. APAC nations such as South Korea, China, and India are involved in research initiatives to develop innovative battery anode materials suited for energy storage systems. Furthermore, the demand for cost-effective, compact, and miniaturized electronic device components stimulates the need for battery anode materials.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Battery Anode Materials Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Significant growth in the adoption of electric vehicles worldwide
- Increasing utilization of battery anode materials in portable devices
- Governmental initiatives and investments for green energy projects

Market Restraints
- Environmental impact battery anode materials

Market Opportunities
- Ongoing research and development projects for the advancement of anode materials
- Expanding preference for sustainable battery anode materials and innovations in recycling technologies

Market Challenges
- Technical limitations of using battery anode materials

Market Segmentation Analysis
- Material: R&D initiatives to propel the use of active anode materials by optimizing their performance characteristics
- Battery Product: Surging adoption of battery pack due to its ability to provide reduced charging times
- End-Use: Awareness about the need to reduce vehicular emissions leading to demand for electric vehicles in the automotive sector

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Battery Anode Materials Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Battery Anode Materials Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

NEO Battery Materials Ltd. Completes Relocation of R&D Scale-Up Centre to Gyeonggi Technopark

NEO Battery Materials Ltd., a company in low-cost silicon anode technology for advanced lithium-ion batteries, relocated its R&D Scale-Up Centre to the Gyeonggi Technopark in Ansan Science Valley, furthering its commitment to innovation. The move has been concluded with a fully operational setup that enhances the company's capacity for silicon anode optimization, driven by the installation of expanded manufacturing and testing equipment and the addition of skilled battery engineers to the team. [Published On: 2024-01-03]

Sunrise New Energy Secures Highly Regarded Japanese Patent for Invention of Lithium-Ion Battery Anode Material Preparation Method

Sunrise New Energy Co., Ltd. achieved approval from the Japanese Patent Office for their proprietary method of creating anode materials for lithium-ion batteries under the patent number' Invention 2022-170556'. This patent underlines a novel technique that substantially enhances the initial efficiency and power delivery of graphite composite anodes. Japan's rigorous and esteemed patent system bestows considerable credibility on this recognition, thereby reinforcing Sunrise's technological prowess in the competitive domain of lithium-ion battery materials. [Published On: 2023-12-20]

Shanshan Considers EUR 1.3 Billion Battery Materials Factory in Finland

Shanghai Shanshan Lithium Battery Material Technology Co. Ltd unveiled plans for a substantial EUR 1.3 billion investment in Finland. The factory is poised to significantly enhance the region's capacity for lithium-ion battery production and is intending to construct a state-of-the-art anode material production facility within the GigaVaasa industrial park. Shanshan's projected output is 100,000 tons of synthetic graphite-based anode materials annually, enough to equip approximately 1.5 million electric vehicles with batteries, totaling a manufacturing output capacity of roughly 100 gigawatt-hours. This initiative represents a major boost to Finland's position as a critical node for battery metal mining and processing and aligns with global efforts to diminish reliance on Chinese exports amidst the country's tightening of graphite export regulations. [Published On: 2023-12-15]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Battery Anode Materials Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Battery Anode Materials Market, highlighting leading vendors and their innovative profiles. These include Amprius Technologies, Inc., Anovion Technologies, BASF SE, BTR New Material Group Co., Ltd., Daejoo Electronic Materials Co., Ltd., E-magy, Enevate Corporation, Epsilon Advanced Materials Pvt. Ltd., Gotion High-tech Co., Ltd., Himadri Speciality Chemicals Ltd., Hunan Kingi Technology Co., Ltd., JFE Chemical Corporation, Kanthal AB, Kuraray Co., Ltd., Kureha Corporation, Mitsubishi Chemical Corporation, NEI Corporation, NEO Battery Materials Ltd., Nexeon Ltd., Ningbo Shanshan Co., Ltd., Nippon Carbon Co., Ltd., POSCO Chemical Co., Ltd., Resonac Holdings Corporation, SGL Carbon SE, Shin-Etsu Chemical Co., Ltd., Sila Nanotechnologies Inc., Sumitomo Chemical Co., Ltd., Talga Group, Targray Technology International Inc., Tokai Carbon Co., Ltd. by Cabot Corporation, and Vianode.

Market Segmentation & Coverage

This research report categorizes the Battery Anode Materials Market to forecast the revenues and analyze trends in each of the following sub-markets:

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

Anode Binders
- Polyvinylidene Fluoride
- Styrene Butadiene Copolymer

Anode Foils
- Aluminium Foils
- Copper Foil

Battery Product
- Battery Pack
- Cell

End-Use
- Automotive
- Non-Automotive
  - Aerospace
  - Energy Storage
  - Marine
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-957C47F9496D

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Significant growth in the adoption of electric vehicles worldwide
  - 5.1.1.2. Increasing utilization of battery anode materials in portable devices
  - 5.1.1.3. Governmental initiatives and investments for green energy projects
- 5.1.2. Restraints
  - 5.1.2.1. Environmental impact battery anode materials
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing research and development projects for the advancement of anode materials
  - 5.1.3.2. Expanding preference for sustainable battery anode materials and innovations in recycling technologies
- 5.1.4. Challenges
  - 5.1.4.1. Technical limitations of using battery anode materials
5.2. Market Segmentation Analysis
- 5.2.1. Material: R&D initiatives to propel the use of active anode materials by optimizing their performance characteristics
- 5.2.2. Battery Product: Surging adoption of battery pack due to its ability to provide reduced charging times
- 5.2.3. End-Use: Awareness about the need to reduce vehicular emissions leading to demand for electric vehicles in the automotive sector
5.3. Market Trend Analysis
- 5.3.1. Large-scale production of battery storage systems and electric vehicles elevating battery manufacturing backed by high-quality anode materials in the Americas
- 5.3.2. Ready supply of raw materials coupled with an emphasis on electric vehicles in the APAC region
- 5.3.3. Significant investments in battery anode material production to meet the government's sustainable energy objectives across the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Battery Anode Materials Market, by Material

6.1. Introduction
6.2. Active Anode Materials
6.3. Anode Binders
6.4. Anode Foils

7. Battery Anode Materials Market, by Battery Product

7.1. Introduction
7.2. Battery Pack
7.3. Cell

8. Battery Anode Materials Market, by End-Use

8.1. Introduction
8.2. Automotive
8.3. Non-Automotive

9. Americas Battery Anode Materials Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Battery Anode Materials Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Battery Anode Materials Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. NEO Battery Materials Ltd. Completes Relocation of R&D Scale-Up Centre to Gyeonggi Technopark
- 12.3.2. Sunrise New Energy Secures Highly Regarded Japanese Patent for Invention of Lithium-Ion Battery Anode Material Preparation Method
- 12.3.3. Shanshan Considers EUR 1.3 Billion Battery Materials Factory in Finland
- 12.3.4. GDI tests World's First Fully Silicon Battery Anode
- 12.3.5. NanoGraf Completes UL1642 and IEC62133 Global Safety Certifications for Energy-Dense 18650 Lithium-ion Cell
- 12.3.6. Panasonic Energy and Sila Sign Purchase Agreement For Silicon Anode Material
- 12.3.7. NOVONIX Finalizes USD 100 Million Grant Award from U.S. Department of Energy
- 12.3.8. Epsilon Advanced Materials to Invest USD 650M into Graphite Anode Facility in North Carolina
- 12.3.9. Tms International Partnering With Nippon Carbon As North American Distributor Of Graphite Electrodes
- 12.3.10. Birla Carbon Acquires Nanocyl to Drive Growth In Battery Materials for Lithium Ion Batteries
- 12.3.11. Enovix to Acquire Battery Manufacturer Routejade
- 12.3.12. NEO Battery Materials Receives First Purchase Order for Silicon Anode Materials
- 12.3.13. Battery Materials Company Group14 Gets A European Foothold Via Acquisition In Germany
- 12.3.14. Echion Technologies Achieved ISO 9001:2015 Certification for Quality Management of its Fast-charging XNO Battery Anode Materials and Associated Processes and Procedures
- 12.3.15. Sicona Acquires Major International Patent Portfolio
- 12.3.16. L&F Teams up With Mitsubishi Chemical to Make Advanced Anode Materials
- 12.3.17. BASF India to Invest in Anode Binder Production Assets for the Lithium-Ion Battery Industry
- 12.3.18. SK On signs deal with Westwater Resources to Develop Anode Materials
- 12.3.19. Alkegen Launches Commercial Production for Groundbreaking Silicon Battery Anode Material
- 12.3.20. Anovion and Forge Nano Sign Offtake Agreement for the Supply of Synthetic Graphite Anode Powders Optimized With Atomic Armor for Next-Generation Lithium-Ion Batteries

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio