“Global and China Lithium-ion Battery Anode Material Industry Report, 2021-2026” Currently, global lithium battery anode materials industry is concentrated in China and Japan, which occupy more than 95% of anode materials sales worldwide.
Lithium battery is primarily composed of cathode materials, anode materials, separator, and electrolyte. Anode materials, one of vital raw materials, make up 5%-15% of lithium battery cost. Currently, global lithium battery anode materials industry is concentrated in China and Japan, which occupy more than 95% of anode materials sales worldwide.
China and Japan are the key players in global lithium battery anode materials industry, together selling over 95% of the global total anode materials. Japan leads in technology, while China that abounds in graphite mineral resources has a marked cost advantage.
The China battery anode materials market dominated the Asia Pacific region and accounted for 43.6% of the overall revenue share.
The global battery anode materials market size was estimated at USD 2.06 billion in 2023 and is expected to reach USD 2.23 billion in 2024. What is the battery anode materials market growth? The global battery anode materials market is expected to grow at a compound annual growth rate of 8.9% from 2024 to 2030 to reach USD 3.72 billion by 2030.
The U.S. battery anode materials market is increasing demand for automotive components and consumer electronic devices such as laptops and mobile phones in the country. The increasing adoption of electric vehicles is a major driver of the demand for battery anode materials.