Market Size of Graphite Anode for LIB Industry
| 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
*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.
The melamine market was negatively impacted during the COVID-19 pandemic in 2020. The market improved in 2021. With automotive manufacturing activities recovering from the lockdown, the demand for automobile components such as batteries and other electronic components increased. The automotive industry is recovering rapidly and is estimated to grow further in the coming years, which may boost the demand for melamine.
- 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).
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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.
Graphite Anode for LIB Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Lithium-Ion Batteries for Electric Vehicle
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Stringent Regulations Against Dumping of Battery Waste
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Synthetic Graphite
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2.1.2 Natural Graphite
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 France
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2.2.3.3 United Kingdom
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2.2.3.4 Italy
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2.2.3.5 Russia
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2.2.3.6 Rest of Europe
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2.2.4 Rest of World
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Graphite Anode for LIB Market Size FAQs
What is the current Graphite Anode for LIB Market size?
The Graphite Anode for LIB Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Graphite Anode for LIB Market?
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.
