Next generation Anode Materials Market: Introduction

  • Next-generation anode materials include silicon/silicon oxide blend, silicon-carbon composite, silicon-graphene, and lithium titanium oxide.
  • These next-generation anode materials are widely used in various end-user industries through lithium-ion batteries in e-bikes, electric vehicles, plug-in hybrid electric vehicles (PHEV), e-buses, hybrid electric vehicles (HEV), energy storage systems (ESS), consumer electronics, and power tools such as laptop, tablets, and mobile phones.

Key Drivers and Restraints of Next-generation Anode Materials Market

  • Demand for next-generation anode materials is expected to increase at a significant rate during the forecast period due to rising need for high-energy density batteries. Additionally, the demand for silicon-based anode materials has been increasing due to its properties such as abundant nature of silicon, non- toxic nature, and low cost, which is another factor boosting the next-generation anode materials market.
  • However, the stability of silicon particles vary with the diameter size and hence, the issue of volume expansion and side-effects cannot be overcome, which is a major factor restraining the global next-generation anode materials market

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Next generation Anode Materials Market: Material Segment

  • In terms of material, the next-generation anode materials market can be divided into silicon/silicon oxide blend, lithium titanium oxide, silicon-carbon composite, silicon-graphene, and others
  • Among them, the silicon/silicon oxide blend segment dominates the next-generation anode materials market due to rise in deployment of silicon oxides in lithium-ion batteries (LIBs) owing to its long cycle life and higher energy density
  • Surge in use of silicon in electric vehicle batteries, being environment friendly, and rapidly growing demand for electric vehicles such as electric cars, e-bikes, and e-buses can boost the silicon segment of the global next-generation anode materials market

COVID-19 Impact on Global Next-generation Anode Materials Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • The outburst of COVID-19 had significantly hindered the global next-generation anode materials market. The automotive industry was adversely affected by the pandemic. The disruptive supply due to lockdown imposition and closed border created a severe shortage of raw material. China controlled a large share of rare earth elements, a mineral used in electric vehicles. Moreover, the reduced demand for automobiles significantly hampered the market for lithium-ion batteries.
  • However, the market is recovering, due to the lifting of lockdown and the resumption of production units. This is likely to fuel the demand for next-generation anode materials for developing advanced Li-ion batteries during the forecast period.

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North America to hold a leading share of global next generation anode materials market

  • In terms of region, the global next generation anode materials market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is expected to hold a major share of the global next generation anode materials market, followed by Asia Pacific and Europe, during the forecast period
  • Demand for automobiles is increasing owing to the growing disposable income of middle-class families. Additionally, the penetration of e-vehicles in the regional market is expected to further drive the demand.
  • North America accounted for a notable share of the global next-generation anode materials market due to a rise in commercialization of lithium-ion batteries. Integration of new materials in the lithium-ion battery to achieve high energy density is fueling the production of silicon anodes as a replacement to graphite anodes by battery manufacturers.
  • For instance, according to United States Department of the Interior, silicon is the second-largest available material on the earth’s crust after oxygen, accounting for approximately 28% of the total elements available in the earth’s crust. Moreover, an increase in the demand for fast charging batteries is the fueling the global next-generation anode materials market.

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Key Manufacturers Operating in Global Next generation Anode Materials Market

The next generation anode materials market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the next generation anode materials market include:

  • Altair Nanotechnologies, Inc.
  • Amprius, Inc.
  • BTR New Energy Material Ltd.
  • California Lithium Battery
  • Medtronic PLC
  • Enevate Corporation
  • Enovix
  • Hitachi Chemical Co. Ltd.
  • LeydenJar Technologies BV
  • NanoGraf Corporation

Global Next-generation Anode Materials Market: Research Scope

Global Next-generation Anode Materials Market, by Material

  • Silicon/Silicon Oxide Blend
  • Lithium Titanium Oxide
  • Silicon-Carbon Composite
  • Silicon-Graphene
  • Others

Global Next-generation Anode Materials Market, by Application

  • Transportation
  • Electrical and Electronics
  • Energy Storage
  • Others

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