Us Anode Active Material for Lithium-ion Battery Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Anode Active Material for Lithium-ion Battery Market was valued at USD 4.2 Billion in 2022 and is projected to reach USD 9.0 Billion by 2030, growing at a CAGR of 10.0% from 2024 to 2030.
The United States is intensifying efforts to strengthen its anode active material market for lithium-ion batteries, aiming to reduce dependence on foreign sources and bolster domestic production. This strategic move is crucial as anode materials, primarily synthetic graphite, are essential components in lithium-ion batteries, powering a wide range of applications from electric vehicles (EVs) to consumer electronics.
In a significant development, the U.S. Department of Energy has committed up to $1.2 billion in financing to Novonix, an Australian company, to establish a synthetic graphite manufacturing facility in Chattanooga, Tennessee. This plant is projected to produce 31,500 tonnes of synthetic graphite annually, with plans to expand to 75,000 tonnes, positioning it as a key player in the U.S. supply chain. This initiative is part of a broader strategy to diminish China's dominance in the graphite market, where it currently holds over 95% of the global supply.
General Motors (GM) is also taking proactive steps by securing a multibillion-dollar agreement with Vianode, a Norwegian graphite producer. This deal ensures a steady supply of synthetic anode graphite for GM's EV batteries, with production slated to commence in North America by 2027. Such partnerships are pivotal for automakers aiming to enhance EV profitability and secure essential raw materials amidst a rapidly evolving market landscape.
Recognizing the strategic importance of critical minerals, the Biden administration is evaluating policies to support domestic producers facing competition from cheaper imports. One proposal under consideration involves establishing a price floor for critical minerals like lithium and nickel, ensuring that U.S. producers receive a minimum price even if global market prices decline. This measure aims to encourage domestic production and reduce reliance on foreign sources, aligning with national climate and manufacturing objectives.
In line with these efforts, the U.S. Energy Department has announced plans to allocate $3 billion to 25 projects across 14 states, focusing on various aspects of battery manufacturing, including anode material production. Notable recipients include Albemarle, awarded $67 million for anode material production in North Carolina, and Group14 Technologies, receiving $200 million for silane manufacturing in Washington. These investments are expected to create approximately 12,000 jobs and significantly enhance the domestic battery supply chain.
Market analyses project robust growth in the U.S. anode active material sector. The market size was valued at $1.02 billion in 2024 and is anticipated to reach $1.98 billion by 2030, reflecting a compound annual growth rate (CAGR) of 11.7%. This expansion is driven by the increasing demand for high-performance batteries in EVs and consumer electronics, coupled with ongoing research into next-generation anode materials.
However, challenges persist. The domestic production of anode materials remains insufficient to meet the burgeoning demand, necessitating continued investment and innovation. Additionally, the market faces competition from established international suppliers, underscoring the need for policies that support and protect emerging domestic industries.
In conclusion, the U.S. is making concerted efforts to develop its anode active material market for lithium-ion batteries. Through strategic investments, partnerships, and supportive policies, the nation aims to build a resilient and self-sufficient supply chain, essential for the future of electric vehicles and energy storage solutions.
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Hitachi
BRT
Mitsubishi Chemical
Shanshan Technology
Targray
Nippon Carbon
Zichen Tech
Shinzoom
ZETO
Osaka Gas Chemical
Kureha
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Anode Active Material for Lithium-ion Battery Market
Graphite
Silicon-based Materials
Metallic Materials
Composite Materials
Consumer Electronics
Electric Vehicles
Energy Storage Systems
Industrial Applications
Aerospace and Defense
Automotive
Electronics
Renewable Energy
Telecommunications
Healthcare
Prismatic Cells
Cylindrical Cells
Pouch Cells
Button Cells
High Purity Grade
Standard Grade
Battery Grade
Industrial Grade
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Anode Active Material for Lithium-ion Battery Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Anode Active Material for Lithium-ion Battery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Anode Active Material for Lithium-ion Battery Market, By Type
6. Global Anode Active Material for Lithium-ion Battery Market, By Application
7. Global Anode Active Material for Lithium-ion Battery Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Anode Active Material for Lithium-ion Battery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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