Next-generation Anode Materials Market Size, Share, Growth, Trends, and Forecast, 2032

Next-generation Anode Materials Industry Prospective:

The global next-generation anode materials market size was evaluated at $3,170 million in 2023 and is slated to hit $8,920 million by the end of 2032 with a CAGR of nearly 12.18% between 2024 and 2032. 

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Next-generation Anode Materials Market: Overview

Next-generation anode materials are referred to as advanced materials that are created for use in power storage and conversion systems. The key aim of using these products is to improve battery performance and fuel cell performance as well as the performance of various electrochemical devices.  For the record, in lithium-ion batteries, anode materials are negative electrodes operating with cathode materials.  

Key Insights

• As per the analysis shared by our research analyst, the global next-generation anode materials market is projected to expand annually at the annual growth rate of around 12.18% over the forecast timespan (2024-2032)
• In terms of revenue, the global next-generation anode materials market size was evaluated at nearly $3,170 million in 2023 and is expected to reach $8,920 million by 2032.
•  The global next-generation anode materials market is anticipated to grow rapidly over the forecast timeline owing to technological breakthroughs that have led to the development of new anode materials having higher energy densities and elongated life.
• In terms of type, the silicone-graphene segment is slated to register the highest CAGR over the forecast period.
• Based on end-users, the aerospace & defense segment is predicted to contribute majorly towards the global industry share in the upcoming years.
• Region-wise, the Asia-Pacific next-generation anode materials industry is projected to register the fastest CAGR during the projected timespan.

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Next-generation Anode Materials Market: Growth Factors

A rise in the sale of electric cars owing to growing renewable energy trends to spearhead the global market expansion by 2032

The surging sale of electric vehicles owing to the need to reduce fuel emissions is likely to translate into huge demand for next-generation anode materials, thereby steering the growth of the global next-generation anode materials market. Technological breakthroughs have led to the development of new anode materials having higher energy densities and elongated life. This is likely to provide impetus to the growth of the global market. Rising renewable energy trends will scale up the demand for next-generation anode materials.                                                                          

Next-generation Anode Materials Market: Restraints

Surging manufacturing prices to restrict the expansion of the global industry over forecast timeline

Law scalability and rising production costs can hinder the expansion of the global next-generation anode materials industry. A rise in the raw component prices can impede the expansion of the global industry. Low production of high-quality graphene to put brakes on the global industry expansion.

Next-generation Anode Materials Market: Opportunities

Escalating use of lightweight components can open new growth avenues for the global market

Growing demand for high energy density, lightweight, and extended lifespan will open new growth opportunities for the global next-generation anode materials industry.

Next-generation Anode Materials Market: Challenges

Stringent government regulations can challenge the expansion of the global industry over an assessment period

Strict government laws related to the use of the product along with the rise in import and export duties are predicted to challenge the growth of the global next-generation anode materials industry.

Next-generation Anode Materials Market: Segmentation

The global next-generation anode materials market is divided into type, end-user, and region.                                         

In type terms, the next-generation anode materials market across the globe is bifurcated into silicon oxide blend, lithium metal, lithium titanium oxide, silicon-carbon composite, and silicone-graphene composite segments. Additionally, the silicone-graphene segment, which acquired nearly 68% of the global market revenue in 2023, is expected to record the fastest annual rate of growth in the forecast timeline. The expansion of the segment in the next eight years can be due to a rise in the use of products in a slew of end-use sectors such as electrical & electronics, transportation, energy storage, aerospace & defense, industrial, automotive, and others.

Based on the end-user, the global next-generation anode materials industry is divided into transportation, electrical & electronics, automotive, energy storage, aerospace & defense, industrial, and others segments. Moreover, the aerospace & defense segment, which garnered about 66% of the global industry revenue in 2023, is projected to make sizable contributions towards the global industry share over the analysis timespan. The growth of the segment in the ensuing years can be attributed to a rise in the demand for products in the aerospace & defense segment.

Next-generation Anode Materials Market: Report Scope

Next-generation Anode Materials Market: Regional Insights

North America is expected to maintain its leadership status in the global market in the next couple of years

North America, which contributed approximately 67% of the global next-generation anode materials market earnings in 2023, is projected to maintain the number one position in the global market in the years ahead. In addition to this, the regional market expansion in the next couple of years can be due to escalating awareness among consumers about the benefits offered by next-generation anode materials. In addition to this, the presence of key manufacturers in countries such as Canada and the U.S. will prop up the regional market expansion.

Asia-Pacific's next-generation anode materials industry is predicted to record the fastest growth rate in the forecast timespan. The rapid progression of the industry in the sub-continent over 2024-2032 can be credited to massive product demand in various end-user sectors in countries such as China, Japan, Taiwan, and South Korea.

Key Developments

• In the second half of 2021, JSR Corporation, a precision technology firm, launched a new research & development unit referred to as JSR Bioscience & informatics to expand the production activities of their life science business.
• In the third quarter of 2023, Panasonic Energy Company Limited signed an agreement with Nexeon Limited to acquire silicon anode material for automotive batteries to enhance the efficacy of lithium-ion batteries for electric vehicles.

Next-generation Anode Materials Market: Competitive Space

The global next-generation anode materials market profiles key players such as:

• AMPRIUS TECHNOLOGIES
• Resonac Holdings Corporation
• Nexeon Ltd.
• NanoGraf Corporation
• JSR Corporation
• Enovix Corporation
• Leydenjar Technologies B.V.
• Talga Group
• Paraclete Energy Inc.
• Albemarle Corporation
• Shanghai Shanshan Technology Co. Ltd.
• Sila Nanotechnologies Inc.
• Sunrun
• pH Matter L.L.C.
• Altairnano
• OneD Battery Sciences

The global next-generation anode materials market is segmented as follows:

By Type

• Silicon Oxide Blend
• Lithium Metal
• Lithium Titanium Oxide
• Silicon-Carbon Composite
• Silicone-Graphene Composite

By End-User

• Electrical & Electronics
• Transportation
• Energy Storage
• Aerospace & Defense
• Industrial, Automotive
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa