What are the Ongoing Trends in Next Generation Anode Materials Market | Bis Research

Despite the rapid evolution in consumer electronics and transportation industries over the last decade, these industries are still being limited by low efficiency of the power sources used for manufacturing the products. Batteries take up nearly half the space of most laptops and phones. However, the battery technology has not witnessed much advancement, with energy storage strategies still being shaped by lithium-ion batteries, presently. In addition, with the current materials and cell designs, the lithium-ion battery technology is expected to reach an energy limit within the next few years, thereby generating demand for next-generation of anode materials, which have higher energy density.

With this investment, Daimler AG intends to improve its electric vehicle offerings while fulfilling its commitment of totally electrifying the Mercedes-Benz car range by 2022. Samsung Ventures has been investing in XG Sciences by funding its R&D to facilitate improvements in the materials produced by the company. XG Sciences further aims to introduce a joint development program with Samsung SDI for the application of next-generation batteries in consumer electronics. Similarly, in 2020, Volkswagen increased its stake in QuantumScape, a solid-state battery manufacturer. Both the companies have been collaborating since 2018 for the mass commercialization of solid-state batteries.

The growing end-user industries, increasing application areas, and emerging economies have led to the surging demand for lithium-ion batteries, which in turn have affected the existing market for anode materials. Huge investment by government and federal agencies to promote electric vehicles to cut down carbon dioxide emission is further propelling the growth of lithium-ion batteries and next-generation anode materials. However, certain technical challenges, dominance of graphite as an anode material, and high initial cost of its market penetration are some of the factors that are restraining the growth of next-generation anode materials.

The production of graphene has been on rise, and several producers have announced multi-ton scale capacity additions. Companies that produce graphene are targeting high-volume applications where slightly diminished quality of product satisfies the application requirements while significantly reducing the prices. The price bottleneck has had its toll on the market growth, and producers seem keen to target bulk applications. While the approach seems to benefit the demand for graphene, it does not necessarily help the next-generation anode materials market. The anode market requires high quality graphene, as safety is the utmost priority in lithium-ion batteries market. With the proven applicability of graphene in high-capacity silicon anodes, the demand for battery-grade graphene will certainly grow, as end users are pushing battery suppliers increase the charging speed and capacity of batteries. Therefore, an increased demand for both low-grade as well as battery-grade graphene is expected to be witnessed.

The high energy density and load capacity are some of the notable features of lithium-ion batteries. Moreover, owing to the increasing demand for enhanced battery life in different applications areas such as transport and consumer electronics, various companies have invested significantly in R&D in order to make advanced lithium-ion batteries. The efficiency of lithium-ion batteries depends on its various components – cathode, anode, and electrolyte. The research focus of this study is restricted to finding innovative anode materials that have the potential to disrupt the ongoing trends in the battery industry. The market research study offers a wide perspective of different next-generation anode materials used by lithium-ion battery manufacturers. The report also provides an analysis of the market penetration of next-generation anode materials in different applications and their growth opportunities across different regions as well as countries. The study focuses on the changing landscape of the market, owing to the significant developments made by the leading players.

The report further considers the market dynamics, supply chain analysis, and the detailed product contribution of the key players operating in the market. The Global Next-Generation Anode Materials Market Report is a compilation of different segments, including market breakdown by product type, application, region, and country. Based on product type, the global next-generation anode materials market has been segmented into silicon/silicon oxide blends, LTO, silicon graphene, silicon carbon fiber, lithium metal, and others. The silicon/silicon oxide segment is expected to maintain its dominance during the forecast period in the global next-generation anode materials market.

The next-generation anode materials market was estimated at $1.3 billion in 2019 and is projected to grow at a CAGR of 16.91% during the forecast period, 2020-2030. The global next-generation anode materials market by application has been segmented into transportation, electrical and electronics, energy storage, and others. Based on the region, the global next-generation anode materials market has been segmented into Asia-Pacific and Japan, Europe, the U.K., China, North America, and Rest-of-the-World. Each region has been further segregated into countries. Data for each of these regions and countries has been provided by product type and application. Clashing interests of anode material manufacturers and graphene suppliers in terms of graphene quality, dependency of graphene producers on graphite suppliers, and oversupply of silicon resulting in downward pricing pressure, among others are the major business trends that are influencing the growth of the market.

Some of the key players operating in the market include Altair Nanotechnologies Inc., BTR New Energy Material Ltd., California Lithium Battery, pH Matter LLC, Talga Resources Ltd., Tianqi Lithium Corporation, and Ganfeng Lithium Co Ltd., among others. The next-generation anode materials market is driven by factors such as increasing need for high energy density batteries, growing need for fast charging batteries, increasing number of R&D initiatives for improvement in battery chemistry, and the low-cost, non-toxic, and abundant nature of silicon.

Key Questions Answered by This Report:

 Why should an existing anode material manufacturer consider venturing into the next-generation anode materials market, and what are the future growth opportunities?
 For a new company looking to enter the market, which areas could it focus upon to stay ahead of the competition?
 How do the existing market players function to improve their market positioning?
 Which are the promising companies that have obtained financial support to develop their products and markets?
 How does the supply chain function in the next-generation anode materials market?
 Which companies have been actively involved in innovation through patent applications, and which products have witnessed maximum patent applications during the period 2014-2020?
 How major an impact will the next-generation anode materials have in 2029 on the market share of the existing anode materials that occupy the majority of the market?
 Which product segment is expected to witness the maximum demand growth in the next-generation anode materials market during 2020-2030?
 Which are the key application areas from which different next-generation anode materials experienced high demand in 2019, and which application areas should be targeted by the manufacturers of different types of products during the forecast period, 2020-2030?
 Which are the players that are catering to the demand for different materials?
 How should the strategies adopted by market players vary for different product segments based on the size of companies involved in each segment?
 What are the key offerings of the prominent companies in the market for next-generation anode materials? Which regions and countries are leading in terms of consumption of next-generation anode materials, and which of them are expected to witness high demand growth during 2020-2030?
 Which are the consumption patterns of next-generation anode materials across the application areas in different regions and countries during the period 2019-2030?

Download the free sample of Next Generation Anode Materials Report, made by Bis Research: