Graphite Anode for LIB Market Size (2024 - 2029)

The graphite anode for the LIB market is anticipated to experience significant growth, driven by the increasing demand for lithium-ion batteries, particularly from the electric vehicles sector. Despite challenges posed by stringent regulations on battery waste disposal, the market's expansion is supported by opportunities in developing new battery materials. The Asia-Pacific region, with substantial consumption in China and India, leads the market.

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Market Size of Graphite Anode for LIB Industry

Graphite Anode for LIB Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Graphite Anode for LIB Market Major Players

*Disclaimer: Major Players sorted in no particular order

Graphite Anode for LIB Market Analysis

The graphite anode for the LIB market is projected to register a CAGR of greater than 7% during the forecast period.

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  • Over the short term, the rising demand for lithium-ion batteries from the electric vehicles industry is expected to drive the market's growth.
  • The stringent regulations against dumping battery waste are expected to hinder the market's growth.
  • However, developing newer materials for batteries is likely to be an opportunity.
  • Asia-Pacific dominates the world, with the most significant consumption from China and India.

Graphite Anode for LIB Industry Segmentation

Graphite anodes are widely used for electric vehicles as a significant component of lithium-ion batteries. The market is segmented by type and geography. By type, the market is segmented into natural graphite and synthetic graphite. The report also covers the size and forecast for the graphite electrode market in 12 countries across regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

Type
Synthetic Graphite
Natural Graphite
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Russia
Rest of Europe
Rest of World
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Graphite Anode for LIB Market Size Summary

The graphite anode market for lithium-ion batteries is poised for significant growth, driven primarily by the burgeoning demand from the electric vehicle sector. As the automotive industry recovers from the impacts of the COVID-19 pandemic, the demand for electric vehicles is expected to surge, thereby boosting the need for graphite anodes. The Asia-Pacific region, particularly China and India, leads in consumption, supported by favorable government policies and a strong consumer shift towards electric vehicles. The United States is also emerging as a major market, with substantial investments from automotive giants in electric vehicle production. However, the market faces challenges from stringent regulations on battery waste disposal, although opportunities exist in the development of new battery materials.

The market landscape is characterized by a partially consolidated structure, with key players such as Mitsubishi Chemical Holdings Corporation, Nippon Carbon Co. Ltd, SGL Carbon, Tokai Carbon Co. Ltd, and Resonac playing significant roles. Recent expansions and investments in manufacturing facilities, particularly in China, aim to meet the growing demand in Europe and the United States. The electric vehicle markets in countries like South Korea, Indonesia, and Japan are also expected to contribute to regional growth, supported by government incentives and increasing consumer interest in electric vehicles. These factors collectively indicate a robust growth trajectory for the graphite anode market over the forecast period.

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Graphite Anode for LIB Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Lithium-Ion Batteries for Electric Vehicle

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Regulations Against Dumping of Battery Waste

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Synthetic Graphite

      2. 2.1.2 Natural Graphite

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 France

        3. 2.2.3.3 United Kingdom

        4. 2.2.3.4 Italy

        5. 2.2.3.5 Russia

        6. 2.2.3.6 Rest of Europe

      4. 2.2.4 Rest of World

Graphite Anode for LIB Market Size FAQs

The Graphite Anode for LIB Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

Tokai Carbon Co. Ltd, Mitsubishi Chemical Holdings Corporation, Nippon Carbon Co. Ltd, SGL Carbon and Resonac are the major companies operating in the Graphite Anode for LIB Market.

Graphite Anode for LIB Market Report Snapshots

Graphite Anode for LIB Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)