Lithium-Ion Battery Anode Market Regional Trends, Future Demand, Industry Segments, and Research Forecast - 2028

The lithium-ion battery anode market is experiencing a surge, fueled by two key trends. First, the electric vehicle (EV) revolution is driving a massive demand for lithium-ion batteries, and anodes are a critical component.

The global Lithium-Ion Battery Anode Market is projected to grow from USD 12.0 billion in 2023 to USD 46.5 billion by 2028, at a CAGR of 31.2%  during the forecast period. The lithium-ion battery anode market is experiencing significant growth driven by the increase in demand for EVs, consumer electronics, and energy storage systems. This growth is primarily attributed to the transition towards clean energy sources and the need for more efficient energy storage solutions and this will further fuel the lithium-ion battery anode market.

Lithium-Ion Battery Anode Market Key Players

Companies such as Ningbo Shanshan Co., Ltd. (China), Jiangxi Zhengtuo New Energy Technology (China), Resonac Holdings Corporation (Japan), POSCO FUTURE M (South Korea), Mitsubishi Chemical Group Corporation (Japan), and SGL Carbon (Germany) fall under the winners’ category. These are leading players in the lithium-ion battery anode market globally. These players have adopted the strategies of acquisitions, partnerships, expansions, and investments to increase their market shares.

Download PDF Brochure:

Ningbo Shanshan Co., Ltd. (China)

Ningbo Shanshan Co., Ltd. is engaged in the R&D, production, and sales of lithium battery materials, including cathode materials, anode materials and electrolytes. The company offers a wide range of products, including polarizers, lithium cobalt oxide, lithium nickel cobalt manganate, lithium nickel cobalt aluminate, lithium manganate, electrolytes, lithium hexafluorophosphate, lithium salts, and various anode materials such as artificial graphite, natural graphite, and silicon-based anodes.

Ningbo Shanshan Co., Ltd. has a significant presence in China, with operations extending to regions like Ningbo, Shanghai, Changsha, Ningxia, and Dongguan. The company caters to a diverse range of industries, including electronics, energy storage, electric vehicles, and new energy technologies. By providing essential materials for lithium batteries and polarizers.

The company operates through five business segments, namely shanjin polarizer segment, lithium battery material segment, new energy vehicle segment, energy management segment, and others. Specifically, the company offers anode materials under the lithium battery material segment, which includes artificial graphite, natural graphite, and silicon-based anodes.

Get Sample Copy of this Report:

Jiangxi Zhengtuo New Energy Technology (China)

Jiangxi Zhengtuo New Energy Technology is one of the leading players that is involved in the development, manufacturing, and sale of anode materials for lithium-ion battery anode. The company offers its products under 4 product divisions named as Power type negative electrode, Energy storage type negative electrode, Digital negative, and new category negative. The company’s products are mainly used in lithium-ion power batteries for electric vehicles, power tools, electric buses, energy storage power stations, mobile energy storage vehicles, low speed walkers, digital electronic products. and other battery materials. Jiangxi Zhengtuo New Energy Technology has applied for 52 national patents, including 22 invention patents and 30 utility model patents. It has a strong presence in China with most of its research & development centers along with production sites are situated the country.

Resonac Holdings Corporation (Japan)

Showa Denko K.K. and Showa Denko Materials Co., Ltd. merged and transformed themselves into the newly integrated company "Resonac" and is one of the leading companies engaged in the manufacturing of lithium-ion battery materials.

Resonac Holdings Corporation operates through four business segments semiconductor and electronic materials, chemicals, innovation enabling materials, mobility, and others. The company provides lithium-ion battery anode under mobility segment. The company under its mobility segment offers automotive products (plastic molded products, friction materials, powder metal products), and lithium-ion battery materials (Aluminum laminated film SPALF, additive to cathodes and anodes, carbon anodes materials).

The company has a presence in North America, South America, Middle East & Africa, Europe, and Asia Pacific. It has its research and development centers located in Tsukuba, Japan; Chikusei, Japan, and among others.

Get 10% Customization on this Report:

Recent Developments

  • In January 2024, Ningbo Shanshan Technology Co., Ltd., a leading company in the production of synthetic graphite anode materials for lithium-ion batteries has expanded the establishment of a new production facility 300,000-ton anode integrated project in Yunnan, China.
  • In June 2023, Resonac Holdings Corporation acquired 100% shares in AMl Automation. The acquisition is set to significantly benefit Resonade graphite electrodes by expanding its offerings to include total solution services for Electric Arc Furnaces (EAF). By integrating AMI's digital automation and optimization solutions, Resonac aims to meet the growing demand for graphite electrodes, particularly in new EAF projects globally.
  • In September 2023, Ningbo Shanshan has a longstanding relationship with LG Energy Solution (LGES), particularly in the field of anode materials and polarizers. Over the past decade, they have collaborated successfully, leading to significant achievements in the development and industrialization of anode materials. Ningbo Shanshan emphasized their commitment to focusing on anode materials and polarizers, aiming to strengthen their bond with LGES to meet localization demands.

Alex Fernandis

18 Blog posts