LIB Anode Market Report

Lithium-ion battery technology is constantly being researched and innovated due to the demand for portable, environment-friendly energy sources for use in the electrical, electronic, automotive, and even aerospace industries. Due to recent research and discoveries, lithium-ion batteries (LIBs) have emerged as the best option for electrical energy storage for use in mobile appliances and electric vehicles. This is because LIBs naturally possess a number of desirable qualities, including lightweight, high energy density, small scale size, little memory effects, extended cycle life, and low pollution.

In addition to this, as the world proceeds towards electrification and digitization over the coming years, lithium-ion batteries will be the fuel of the future. By investing in the study of new materials that increase the power output and storage capacity of these batteries, new businesses are concentrating on improving the performance of these lithium-ion batteries. For example, the US-based start-up, Advano plans to use its patented, scalable silicon technology to replace graphite anodes in current lithium-ion batteries. The start-up controls the enhancement of silicon properties and optimizes their integration with lithium and electrolyte using surface functionalization technology. The Advano Anode is adaptable for varying energy density, cyclability, and charging speed requirements and is also compatible with conventional batteries.

Lithium-ion batteries serve as the power source for electric vehicles. The increasing usage of battery electric vehicles (BEVS) and plug-in hybrid electric vehicles (PHEVs) has unavoidably increased the consumption of lithium-ion batteries and is anticipated to do so in the future. Since the anode is one of the main parts of the lithium-ion battery, the demand for it has increased. The market for these environment-friendly, energy-saving cars has grown as a result of the increasing adoption of EVs. The number of EVs is constantly rising as a result of improved battery technology, less need for engine maintenance, decreased use of toxic oil waste, and decreased pollution from internal combustion engines. According to the International Energy Agency 2022 Report, the total number of electric cars on the roads was 16.5 million in 2021. Additionally, other significant factors that may influence LIB anode sales in the future include the growing emphasis on sustainability, increased digitization, electrification of various infrastructure components, and high sales of consumer electronics.

• Silicon anodes are gaining traction for their high capacity.
• Graphene composites boost anode conductivity and stability.
• High-performance binders enhance anode mechanical properties and lifespan.
• Sulfur-based anodes offer high capacity but face stability issues.

Several factors can cause lithium-ion batteries to overheat. Lithium is a very unstable material. In the battery, a short circuit happens when the separator is positioned between the cathode and anode. The separator suffers physical harm, which leads to overheating. In the event of a leak, the liquid reacts with the nearby components, warming the area. Overheating in devices can also result from software errors when the automated instructions to turn off the charging port while the battery is charging are missed. This issue can also cause batteries to overcharge and swell, creating significant difficulty for lithium-ion battery manufacturers and eventually posing a challenge for anode producers to offer new anode materials for lithium-ion batteries to minimize overheating problems. On the other hand, it is anticipated that safety issues with transportation and battery storage, which contain hazardous substances including acid and heavy metals, may restrain the market for LIB anodes throughout the forecast period.

Major market participants are actively pursuing competitive marketing strategies including partnerships, technological advancements, investments, acquisitions, and R&D initiatives to increase their market share on a global scale. In April 2021, Chinese lithium battery material manufacturer Ningbo Shanshan will invest in a second phase of the factory in Baotou City, Inner Mongolia, to increase its base for manufacturing lithium-ion battery anode materials. The new 1.54 Billion Yuan ($235 million) factory can process 52,000 t/yr of graphite and 60,000 t/yr of anode material. Again, in April 2021, Altech Chemicals announced that it has, along with its 75%-owned German subsidiary, Altech Industries Germany GmbH, signed a collaboration agreement with SGL Carbon GmbH (SGL Carbon), a fully-owned subsidiary of the German company, SGL Carbon SE.

The purpose of the agreement was to cooperate and promote Altech's development of high-purity alumina-coated graphite materials that are primarily aimed at being used by the lithium-ion battery sector. Recently, NEO Battery Materials, a Vancouver-based supplier of lithium-ion battery materials for electric vehicles, announced the establishment of NEO Battery Materials America LLC in March 2023 to aid in its growth initiatives in the United States.

A rise in product use in the manufacturing of electric and hybrid vehicles is expected to result in a rise in the market share of lithium-ion batteries in North America throughout the forecast period. Additionally, it is anticipated that during the forecast period, an increase in the sales of electronic products in the North American region will encourage regional market expansion. Additionally, the Asia Pacific region is anticipated to experience substantial growth in the LIB Anode market. This can be attributed to the fact that China is anticipated to take the lead in adopting lithium-ion batteries in order to reduce the rising pollution in major cities. The Chinese government is putting more of an emphasis on hybrid cars with all-electric propulsion. The need for these batteries is also anticipated to increase with the electrification of pickup trucks and delivery vehicles.

Hybrid drive systems are a priority for major manufacturers across several model ranges in the commercial vehicle industry. It follows that the market for lithium-ion batteries is anticipated to eventually be driven by the expansion of electric and plug-in hybrid vehicles. Furthermore, the rise in demand for environment-friendly alternatives and the enforcement of strict government regulations to cut carbon emissions has led to a high demand for lithium-ion batteries in the European region. Additional elements that may boost LIB anode shipments in the European region over the following ten years include the existence of a thriving automotive manufacturing industry and the expanding use of renewable energy sources.

The report provides a detailed overview of the LIB anode market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the LIB anode market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the LIB anode market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the LIB anode market. Some key countries and regions included in the LIB anode market report are as follows:

• LIB anode market detailed segments and segment-wise market breakdown
• LIB anode market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in LIB anode industry)
• Current, historical, and forthcoming 10 years market valuation in terms of LIB anode market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
• LIB anode market demand analysis
• LIB anode market pricing analysis over the forecast period (by key segment and by region)
• LIB anode market regional insights with a region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in the LIB anode market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the LIB anode market
• LIB anode market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on LIB anode market forecast by countries
• Mergers and acquisitions in the LIB anode market
• Essential information to enhance market position
• Robust research methodology