Next-Generation Anode Materials to Witness Massive Growth 2020-2030
The research study focuses on unleashing the innovations in anode electrode of lithium-ion battery and aims to put forward a clear picture of the current consumption and future growth potential of different next-generation anode materials. The current technology revolves around the usage of graphite as an anode material. However, this chemistry, though found in abundance, is not sufficient to cater to the rising demand for high energy storage by end-user applications in the industry. A battery must be able to sustain high power and resistance, have long shelf life and durability, and other such benefits. Some of the next-generation anode materials that can offer the aforementioned advantages to certain extent are silicon/silicon oxide blend, silicon-graphene, silicon-carbon composite, and Lithium titanium oxide (LTO).
Currently, these materials are not produced at a scale similar to the traditional graphite-based anode materials as they are still in the development stage. More than 500 patents have been filed/granted between 2014 and 2018 and validate the extensive research and development activity for these materials. Besides, partnerships and collaborations on an industry level are highly witnessed between the key players to bring improvements in their next-generation anode material products.
For instance, Daimler AG provided $170 million funding to Sila Nanotechnologies Inc., which aims to develop efficient battery materials with an improved energy capacity of 20%. With this investment, Daimler AG intends to improve its electric vehicle offerings while fulfilling its commitment of totally electrifying the Mercedes-Benz car range by 2022. Samsung Ventures invested in XG Sciences by funding its R&D to facilitate improvements in the materials produced by the company. XG Sciences further aims to introduce a joint development program with Samsung SDI for the application of next-generation batteries in consumer electronics.
The materials that are identified as next-generation anode materials are silicon/silicon oxide blend, silicon-carbon composite, silicon-graphene, and lithium titanium oxide, among others. These materials owing to their distinguished characteristics are expected to bring a disruption in the existing market of anode materials in the coming ten years. Major consumption of silicon/silicon oxide blend anode material could be expected in the coming five years. These next-generation anode materials are anticipated to cannibalize a significant share of existing pure graphite and carbon anode materials in the global anode materials market over the next ten years.
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The demand for next-generation anode materials varies according to various geographical regions. The next-generation anode materials market hold a prominent share in various countries of North America, Asia-Pacific (APAC), and Europe.
The competitive landscape of the next-generation anode materials market consists of different strategies undertaken by major players across the entire value chain to gain market presence. Some of the strategies adopted by next-generation anode material manufacturers are product launches, mergers and acquisitions, partnerships, and collaborations. Among all the strategies adopted, partnerships, collaborations, and contracts have dominated the competitive landscape. BTR New Energy Material Ltd., Enevate Corporation, NEXEON LTD., Sila Nanotechnologies Inc., and Talga Resources Ltd are some of the leading players in the global next-generation anode materials market.
Most of the next-generation anode material manufacturers are of similar financial capability and the industry landscape is quite competitive because of the large number of players in the market. Therefore, innovation and development have been the key factors for large scale growth in this market. To increase their overall global footprint, material manufacturers are expanding their businesses and are also entering into strategic partnerships to target a greater audience. LeydenJar Technologies BV, Amprius, Inc., NanoGraf Corporation are some of the companies which have remained in the limelight since last few years due to their developments in the field of next-generation anode materials.