The Next-Generation Anode Materials Market Size is valued at USD 3.00 Bn in 2023 and is predicted to reach USD 9.57 Bn by the year 2031 at a 15.73% CAGR during the forecast period for 2024-2031.
Next-generation anode materials refer to advanced materials that are being developed for use in various energy storage and conversion technologies, with a primary focus on improving the performance of batteries, fuel cells, and other electrochemical devices. In lithium-ion batteries, anode materials are negative electrodes that operate with cathode materials in the lithium cell. Anode materials used to make lithium batteries have high porosity and are good conductors of electricity. Technological advancements are resulting in the creation of new anode materials, prompting Next Generation Anode Materials companies to invest in the industry.
The demand for electric vehicles (EVs) is fast Increasing as the globe strives towards a more sustainable future. Anode materials are a critical component in the manufacture of lithium-ion batteries utilized in electric vehicles. As a result, demand for Next Generation Anode Materials is predicted to skyrocket during the forecast period. Technological advancements are resulting in the development of novel anode materials with higher energy densities, faster charging rates, and longer lives. This is propelling the use of next-generation anode materials in a variety of applications, including consumer electronics, energy storage, and electric vehicles.
However, the pandemic of COVID-19 has had a substantial impact on a number of industries, particularly the market for next-generation anode materials. The epidemic affected worldwide supply lines, resulting in delays and shortages of raw materials, components, and equipment required for anode material manufacture. This had an impact on the manufacturing and distribution of next-generation anode materials, causing supply chain issues.
Competitive Landscape
Some Major Key Players In The Next-Generation Anode Materials Market:
- Altairnano
- LeydnJar Technologies BV
- Nexeon Ltd.
- pH Matter LLC
- Sila Nanotechnologies Inc.
- Cuberg
- Shanghai Shanshan Technology Co., Ltd.
- AMPIRUS TECHNOLOGIES
- California Lithium Battery
- Enovix
- POSCO CHEMICAL
- Albemarle Corporation
- Talga Group
- Tianqi Lithium Corporation
- OneD BATTERY SCIENCES
- Jiangxi Ganfeng Lithium Co., Ltd.
- JSR Corporation,
- SCT HK
- Edgetech Industries L.L.C.,
- Enevate Corporation,
- Others
Market Segmentation:
The next-generation anode materials market is segmented on the basis of end-user and type. The end-user segment consists of Transportation, electrical & electronics, energy storage, and others. By transportation, the market is segmented into (Passenger Electric Vehicles, Commercial Electric Vehicles, and Others). The type segment includes Silicon/Silicon Oxide Blend, Lithium Titanium Oxide, Silicon-Carbon Composite, Silicon-Graphene Composite, Lithium Metal, and Others.
According To End-Users, The Consumer Electronics Segment Is Accounted As A Major Contributor In The Next-Generation Anode Materials Market.
The Consumer Electronics category is expected to hold a major share of the global Next-Generation Anode Materials Market in 2024. With the usage of anode material, modern electronics use very fine engineering to make powerful gadgets that fit in the palm of the hand. Next-generation battery materials and technologies are at the intersection of the energy and automotive revolutions. Lithium-ion batteries are a critical component in achieving long-term electrification of transportation networks. Battery anode material improves the performance of electric vehicles and other electronic devices. Advanced lithium (Li) ion batteries have revolutionized and constrained consumer electronic products and electric vehicles.
The Passenger Electric Vehicles segment is projected to grow rapidly in the global Next-Generation Anode Materials Market. The demand for portable and environmentally friendly energy sources for the use in automotive and even aerospace industries has increased research and innovation in lithium-ion battery technology. Lead-acid batteries have a steady charge/discharge condition, but one of their major drawbacks is their enormous size and heavy weight, which makes them unsuitable for use in portable, light electric devices.
In The Region, The Asia Pacific Next-Generation Anode Materials Market Holds A Significant Revenue Share.
Asia Pacific's Next-Generation Anode Materials Market is expected to record the maximum market share in terms of revenue in the near future. This can be attributed to the increasing need for high-performance batteries in applications such as electric vehicles, energy storage systems, and consumer electronics. Rapid industrial developments in the Asia Pacific region is expected to fuel demand for advanced batteries to power industrial equipment and machinery, as well as opportunities for next-generation anode materials with higher energy density, longer cycle life, as well as improved safety.
Furthermore, North America is expected to rise significantly in the next years as a result of the research and manufacture of advanced anode materials for use in a number of applications, such as batteries, capacitors, and fuel cells. Anode materials are key components in these technologies since they are responsible for storing and releasing energy. Rising demand for electric vehicles (EV), consumer electronics, and renewable energy storage systems is likely to drive regional Next Generation Anode Materials Market growth.
Recent Developments:
- In Aug 2023, Nexeon effectively secured the supply chain for silicon anode raw materials and signed an agreement for its first commercial volume production site. In addition, a contractual arrangement was established between OCI and Nexeon, guaranteeing a stable and enduring provision of monosilane, an essential raw material utilized in the fabrication process of Nexeon's Generation 2 silicon anode materials.
- In July 2023, Panasonic Energy Co., Ltd. declared the procurement of silicon anode material for automotive batteries from Nexeon Ltd. with the aim of enhancing the efficacy of lithium-ion batteries used in electric vehicles (EVs).
Next-Generation Anode Materials Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 3.00 Bn |
|
Revenue Forecast In 2031 |
USD 9.57 Bn |
|
Growth Rate CAGR |
CAGR of 15.73 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn, Volume (KT) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type and End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Altairnano, LeydnJar Technologies BV, Nexeon Ltd., pH Matter LLC, Sila Nanotechnologies Inc., Cuberg, Shanghai Shanshan Technology Co., Ltd., AMPIRUS TECHNOLOGIES, California Lithium Battery, Enovix, POSCO CHEMICAL, Albemarle Corporation, Talga Group., Tianqi Lithium Corporation and Jiangxi Ganfeng Lithium Co., Ltd., OneD BATTERY SCIENCES, JSR Corporation, SCT HK, Edgetech Industries L.L.C., Enevate Corporation, and others. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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