Global LIB Anode Market Projections Analyzed To Inspect Growth Trends during Forecast Period, 2019-2027

Posted on 2019-09-26 by Mark Hub in Chemicals // 0 Comments

The report studies the LIB Anode Market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. In order to study the various trends and patterns prevailing in the concerned market, Fact.MR has included a new report on LIB Anode Market to its wide online database including upcoming trends and market growth factors through 2027. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.

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LIB Anode – The Functional Core Out for Massive Reformation

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. In the view growing focus towards environmental sustainability and continuous innovations in the materials, the demand for LIB anodes will continue to witness promising growth in the years ahead, for its significant advantage in the reduction of CO2 emissions. Moreover, recent developments within the active anode ingredients marked with several cost optimization techniques have created a positive impact on the adoption rate of anode materials for manufacturing LIB batteries.

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
Umicore
Sumitomo Chemicals
BASF

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. In recent years, rechargeable LIB batteries with a graphite anode and lithium transistor metal oxide cathode are being developed rapidly, and are widely implemented in several portable electronic devices. Moreover, the rapid penetration of 5G communication, robotics, and electric vehicles will propel the demand for LIB anode for its highly efficient properties.

Growing Implementation of Rechargeable Batteries in Consumer Electronics and EVs to Push the Market on Northward Trajectory

An embrace of R&D activities is underway to implement anode ingredients within LIB batteries. Rise in the demand for LIB anode is likely to be influenced by the improving purchasing power of individuals across developing economies coupled with growing penetration of energy efficient appliances. Consumer electronics sales rebounded from the global economic downturn since 2010 and have been growing since. Consequently, the demand of consumer electronics from households is set to accelerate, given easier access to credit and rising disposable income. In addition, the need for high power and energy density will continue to generate demand for reliable and safe batteries for the several industries including consumer electronics and automotive.

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The global automotive industry is likely to witness steady growth over the next coming years. However, the growing global economy and sustainability drive have urged the market to shift to higher efficient and large energy storage materials and batteries. Considering the expanding middle-class population, coupled with increasing disposable income in emerging economies, the automotive production is expected to witness further growth. Thus, potential market opportunities lie ahead of LIB anode manufacturers.

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