Middle East and Africa Next Generation Anode Materials Market, By Material (Silicon/Silicon Oxide Blends, Lithium Titanium Oxide, Silicon Carbon Fibre, Silicon Graphene, Lithium Metal, And Others), and Application (Transportation, Electrical and Electronics, Energy Storage and Others), Country (UAE, Saudi Arabia, Egypt, Israel, South Africa, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Middle East and Africa Next Generation Anode Materials Market
Middle East and Africa next generation anode materials market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 12.9% in the forecast period of 2021 to 2028 and is expected to reach USD 1,374,807.72 thousand by 2028.
Anode materials are the negative electrodes in lithium-ion batteries that work in tandem with cathode materials in a lithium-ion cell. These anode materials in lithium-ion batteries function as the horde, allowing lithium-ion intercalation and deintercalation during charge and discharge cycles, and must be electrochemically active toward the desired oxidation process. In order to be suitable for lithium-ion battery manufacturing, anode materials must possess excellent porosity and should be a good conductor of electricity. The rise in demand for fast-charging batteries has had a significant impact on the expansion of the market for next-generation anode materials. In line with this, the rapid increase in the number of R&D initiatives for improving battery chemistry, and the constant demand for efficient lithium-ion batteries in electric vehicles and other consumer electronic devices, is a key determinant favouring the growth of the next generation anode materials market during the forecast period. However, the various challenges associated with the production of lithium metal batteries, and the inability to produce high-quality graphene on a large scale at a low cost, may act as major restraints on the growth rate of the next-generation anode materials market.
Developing new electrolytes for lithium metal batteries may act as a new opportunity avenue for the market. In contrast, the rapid increase and degradation of silicon anodes might challenge the growth of the next generation anode materials market during the forecast period.
This next generation anode materials market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
Middle East and Africa Next Generation Anode Materials Market Scope and Market Size
Middle East and Africa next generation anode materials market is segmented into two notable segments, which are based on the material and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of material, the Middle East and Africa 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, in the Middle East and Africa, the silicon/silicon oxide blends segment is expected to dominate the market as silicon/silicon oxide blends are very lightweight and have high resistance power, which increases their demand in the Middle East and Africa.
- On the basis of application, the Middle East and Africa next generation anode materials market is segmented into transportation, electrical and electronics, energy storage, and others. In 2021, in the Middle East and Africa, transportation is projected to dominate the Middle East, and Africa next generation anode materials market as anode materials are mostly used in the production of electric vehicles, which increases its demand Middle East and Africa.
Middle East and Africa Next Generation Anode Materials Market Country Level Analysis
Middle East and Africa next generation anode materials market is categorized into two notable segments, which are material and application.
The countries covered in Middle East and Africa next generation anode materials Market report are the UAE, Saudi Arabia, Egypt, Israel, South Africa, the rest of Middle East, and Africa. UAE has been dominating the Middle East and Africa next generation anode materials market due to the growing need for e-vehicles from the automobile industry in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of the Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Increasing need for fast charging batteries
Fast charging is an increasingly common technology that allows charging any gadget in a fraction of the time it would normally take. Traditional wired chargers aren't the only ones that support a broad range of standards and speeds. Wireless charging is also on the rise, offering lightning-fast speeds that outperform most phones' cable charging capabilities. Fast-charging batteries have the potential to revolutionize the mainstream adoption of electric vehicles in the automobile industry. Extreme fast charging, with a target recharge time of 15 minutes, is set to speed 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. Hence, a thrilling competition is taking place throughout the world to increase the quantity and power of fast-charging stations.
Furthermore, efforts to mitigate the impacts of climate change and local air pollution have accelerated the development of lithium-ion (Li-ion) battery-powered electric cars in recent years (EVs), which resulted in the increased demand for fast-charging batteries in the automobile industry. This, in turn, fostered the growth of the Middle East and Africa next generation anode materials market.
Competitive Landscape And Next Generation Anode Materials Market Share Analysis
Middle East and Africa next generation anode materials market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to Asia-Pacific next generation anode materials market.
The major market players engaged in the Middle East and Africa next generation anode materials market are Albemarle Corporation and JSR Corporation, among others.
For instance,
- In July 2021, JSR Corporation announced the new R&D facility, JSR Bioscience and informatics R&D centre (JSR BiRD), in King Skyfront, Kawasaki City, for increasing the production activity of their life science business. The expansion has helped the company to create new businesses through the following three activities
- In June, Albemarle Corporation established battery materials innovation center in North Carolina to scale up capabilities and material integration into battery cells for performance testing. This expansion by the company was implemented to increase the production capacity in the North American region
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