In 2021, Tesla and Porsche recently Installed 250-Kilowatt Public Charging Stations that Can Charge Some EV Battery Packs to Nearly Full Capacity in About 40 Minutes

Silicon is one of the most beneficial materials to humanity. The majority is used to create alloys such as aluminum-silicon and ferrosilicon (iron-silicon). These are engaged in manufacturing the dynamo and transformer plates, engine blocks, cylinder heads, and machine tools, and in the de-oxidation of steel. In the computer and microelectronics sectors, silicon is widely utilized as a semiconductor in solid-state devices due to its abundant supply of silicon for most applications. Silicon is the second most plentiful element, accounting for 27.7 percent of the Earth's crust by mass (oxygen is the first).

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Global Next Generation Anode Materials Market is expected to reach USD 18,183,713.65 thousand by 2028 from USD 6,674,708.91 thousand in 2020, growing with a CAGR of 13.5% in the forecast period of 2021 to 2028. Several boosters associated with the next generation anode materials market include the rising need for high energy density batteries and silicon's low cost, non-toxicity, and abundance favorably affecting the growth of the next generation anode materials industry. The primary reason responsible for the market's rise is the increase in the need for new anode materials to fulfill the demand for highly competent batteries by various applications such as energy storage, electric cars, and electronic devices.                

The increasing need for fast-charging batteries across the world will drive the market's growth rate

In recent years, lithium-ion batteries have emerged as the preferred battery technology for portable electronics, electric cars, and grid storage. While a growing number of automobile manufacturers are adding electrified cars into their line-ups, range anxiety and the time necessary to recharge the batteries are seen as major parameters. High currents required to expedite charging have been shown to decrease energy efficiency and cause rapid capacity and power fading. Extreme fast charging, with a target recharge time of 15 minutes, is set to speed up mass-market adoption of electric cars, reduce greenhouse gas emissions, and offer governments better energy security. Existing Li-ion batteries use graphite as one electrode to drive lithium ions into store charge.

Report Scope and Market Segmentation

Segment Analysis:

Global next generation anode materials market is segmented into two notable segments which are based on the material and application.

• On the basis of material, the global next generation anode materials market is segmented into silicon/silicon oxide blends, lithium titanium oxide, silicon carbon fiber, silicon graphene, lithium metal, and others. In 2021, silicon/silicon oxide blends segment is expected to dominate the global next generation anode materials market with a 22.50% market share as silicon/silicon oxide blends are very lightweight and have high resistance power, which increases its demand globally

The silicon/silicon oxide blends segment will dominate the material segment of the next generation anode materials market

The silicon/silicon oxide blends segment will emerge as the dominating segment material segment. This is because of the growing number of silicon/silicon oxide blends manufacturers in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

• On the basis of application, the global next generation anode materials market is segmented into transportation, electronics and electrical, energy storage, and others. In 2021, the transportation segment is expected to dominate global next generation anode materials market with a 52.42% market share as anode materials are mostly used in the production of electric vehicles, which increases its demand globally. 

The transportation segment will dominate the application segment of the next generation anode materials market

The transportation segment will emerge as the dominating segment under application. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the transportation industry all around the globe will further bolster the growth of this segment.  

Major Players         

Data Bridge Market Research recognizes the following companies as the market players in market: Amprius Technologies (U.S.), Albemarle Corporation (U.S.), Altairnano (U.S.), California Lithium Battery (U.S.), Showa Denko Materials Co., Ltd. (Japan), LeydenJar Technologies (Netherlands), NANOGRAF CORPORATION (U.S.), NEXEON LTD (U.K.), Shanshan Technology (China), OneD BATTERY SCIENCES (U.S.), pH Matter L.L.C. (U.S.), Sila Nanotechnologies Inc. (U.S.), Talga Group Ltd (Australia), JSR Corporation (Japan), Enovix Corporation (U.S.), and Paraclete Energy, Inc. (U.S.).

Market Development

• In July 2021, Showa Denko Materials Co., Ltd. had a newly established, wholly-owned subsidiary named Energy Storage Devices Spin-Off Preparation Co., Ltd. This expansion has helped the company to strengthen its position globally
• In June 2021, NANOGRAF CORPORATION enabled the highest energy density 18650 cylindrical lithium-ion cell in the world, which provides a 28 percent longer run time than traditional cell chemistries. The announcement was made to spread about their product applications around the world
• In July 2020, LeydenJar Technologies had developed a new anode that will drastically change the battery industry. This implementation of the new product has helped the company to scale up its production capacity in the coming years massively  

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in next generation anode materials market during the forecast period 2021 to 2028

In 2021, the next generation anode materials market is expected to dominate the Asia-Pacific region due to the increasing need for electric vehicles for the next generation anode materials market.

North America is estimated to be the fastest growing region in next generation anode materials market the forecast period 2021 to 2028

Europe is expected to register a strong revenue CAGR over the forecast period, due to the region's low cost of next-generation anode materials. U.S. is expected to dominate the global next generation anode materials market due to the growing popularity of electric vehicles in the region.

COVID-19 Impact

The COVID-19 outbreak hampered the global market for next-generation anode materials significantly. The pandemic had a negative impact on the automotive industry. The disruption in supply caused by the imposition of a lockdown and the closure of the border resulted in a severe shortage of raw materials. China dominated the market for rare earth elements, a mineral used in electric vehicles. Furthermore, the decreased demand for automobiles hampered the market for lithium-ion batteries significantly. However, the market is reviving as a result of the lifting of the lockdown and the restart of production units. During the forecast period, this is likely to fuel demand for next-generation anode materials for developing advanced Li-ion batteries. 

For more detailed information about the next generation anode materials market, visit: https://www.databridgemarketresearch.com/reports/global-next-generation-anode-materials-market