A recent study by Fact.MR foretells the global LIB anode market to record an expansion rate of ~ 10% over the forecast period, 2019–2027. Currently, the global LIB anode market is predominantly concentrated in China and Japan, collectively accounting for ~ 60% share.
The global LIB anode industry continues to gain remunerative opportunities across developed as well as developing economies, on the backdrop of increasing investments, product innovations, and several R&D activities taken up by the key manufacturers.
Rapid climate changes and concerns over environmental & energy security problems have been compelling automakers to develop low- and zero-emission vehicles, which is likely to play an essential role in the promising future scenario of e-mobility.
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With increasing penetration of renewable energy sources across the power generation sector and the emergence of energy storage technologies, the global LIB anode market is expected to burgeon in the coming years. Recent developments within the active anode materials coupled with cost optimization have created a positive impact on the end users’ adoption rate of anode active materials for manufacturing LIB. Such aforesaid motives are expected to amplify the overall sales of LIB anode materials market over the forecast period, 2019-2027.
The global LIB anode market has transformed over the last few years, owing to increasing production of electric vehicles and increasing transition towards low-emission vehicles. In addition, heightened investment in LIBs and battery materials is anticipated to create remunerative opportunities for the LIB anode market players.
Over the past several years, a lot of wealth and effort have been put forward in the research & development activities related to battery materials, including anode, cathode, electrolytes, and separators involved in the making of a LIB. The significant increment in the investment and R&D activities has led anode material for LIB towards higher production and wider sales among the automakers and consumer electronics manufacturers.
Growth in the adoption of consumer electronics to drive the global LIB anode Market
The consumer electronics market is growing at a fast pace, owing to several technological advancements and significant decline in the prices of smartphones and tablets. Demand from households is set to accelerate, given increased disposable incomes and easier access to credit. Battery electrical storage is the key to future personal electronics, efficient power grids and electric vehicles.
The vast majority of LIB are utilized in consumer electronics, and increasing popularity of smartphones is one of the major reasons to drive the consumer electronics market, invariably the consumption of LIB anode materials is bound to increase. There has been a rise in the demand for LIB anode materials across the globe, especially from key countries such as China, Mexico and India. In addition, South Korea, which is one of the leading lithium battery producing country in the world is expected to emerge as a lucrative market for li-ion battery anode manufacturers in the coming decade.
Recently, the government of the Republic of South Korea announced the investment of nearly US$ 12.5 billion in lithium resource projects over the span of next ten years. The government also announced that lithium will be considered as a “strategic commodity” of the nation, which is expected to augur well for li-ion battery manufacturers in the country. With the emergence of 5G in the global scenario within the next few years, smartphones and tablets will require powerful and efficient LIBs, thereby potentially raising the demand for LIB anode materials. Moreover, LIB with anode materials is expected to replace lead-acid batteries by 2020, due to enhanced efficiency, increased lifespan, relatively low cost, and high energy storage system.
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Segmentation of the global LIB anode market has been provided in the form of a taxonomy table in the report.
Based on anode composition, the global LIB anode market is segmented into:
- Natural Spherical Graphite
- Synthetic Graphite
- Amorphous Graphite
- Lithium Titanate (LTO)
Based on cell type, the global LIB anode market is segmented into:
- Polymer (Pouch)
Based on end use application, the global LIB anode market is segmented into:
- Medical Devices
- Consumer Electronics
- Industrial & Energy Storage
Based on region, the global LIB anode market is segmented into:
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa (MEA)
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The global market for LIB anode is estimated to record a significant growth rate in legacy regions including East Asia, Europe and North America, due to expanding production capacities of potential manufacturers in these regions.
Over the years, the global market for LIB anode has witnessed several collaboration and partnerships between the material manufacturers and end users, such as battery manufacturers, automakers and others. Key industry giants including –
- Hitachi Chemicals
- Nippon Chemical
- Betray New Energy Materials
- Sumitomo Chemicals
hold the leading share in the global LIB anode market, and are likely to attract more end users in the near future, owing to their significant brand positioning across the globe.
A LIB battery is a rechargeable battery where the LIBs travel from the anode to the cathode during charging and discharging. These batteries are the most popular type of rechargeable batteries used in portable electronics, due to its high energy density, low self-discharge capabilities, and a tiny memory effect.
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