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3. Ningbo Shanshan Co., Ltd. (China) and Jiangxi Zhengtuo New Energy Technology (China) are Leading Players in the Lithium-Ion Battery Anode Market

The global Lithium-Ion Battery Anode Market is projected to grow from USD 12.0 billion in 2023 to USD 46.5 billion by 2028, at a CAGR of 31.2%  during the forecast period. The lithium-ion battery anode market is experiencing significant growth driven by the increase in demand for EVs, consumer electronics, and energy storage systems. This growth is primarily attributed to the transition towards clean energy sources and the need for more efficient energy storage solutions and this will further fuel the lithium-ion battery anode market.

Companies such as Ningbo Shanshan Co., Ltd. (China), Jiangxi Zhengtuo New Energy Technology (China), Resonac Holdings Corporation (Japan), POSCO FUTURE M (South Korea), Mitsubishi Chemical Group Corporation (Japan), and SGL Carbon (Germany) fall under the winners’ category. These are leading players in the lithium-ion battery anode market globally. These players have adopted the strategies of acquisitions, partnerships, expansions, and investments to increase their market shares.

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Ningbo Shanshan Co., Ltd. (China)

Ningbo Shanshan Co., Ltd. is engaged in the R&D, production, and sales of lithium battery materials, including cathode materials, anode materials and electrolytes. The company offers a wide range of products, including polarizers, lithium cobalt oxide, lithium nickel cobalt manganate, lithium nickel cobalt aluminate, lithium manganate, electrolytes, lithium hexafluorophosphate, lithium salts, and various anode materials such as artificial graphite, natural graphite, and silicon-based anodes.

Ningbo Shanshan Co., Ltd. has a significant presence in China, with operations extending to regions like Ningbo, Shanghai, Changsha, Ningxia, and Dongguan. The company caters to a diverse range of industries, including electronics, energy storage, electric vehicles, and new energy technologies. By providing essential materials for lithium batteries and polarizers.

The company operates through five business segments, namely shanjin polarizer segment, lithium battery material segment, new energy vehicle segment, energy management segment, and others. Specifically, the company offers anode materials under the lithium battery material segment, which includes artificial graphite, natural graphite, and silicon-based anodes.

Jiangxi Zhengtuo New Energy Technology (China)

Jiangxi Zhengtuo New Energy Technology is one of the leading players that is involved in the development, manufacturing, and sale of anode materials for lithium-ion battery anode. The company offers its products under 4 product divisions named as Power type negative electrode, Energy storage type negative electrode, Digital negative, and new category negative. The company’s products are mainly used in lithium-ion power batteries for electric vehicles, power tools, electric buses, energy storage power stations, mobile energy storage vehicles, low speed walkers, digital electronic products. and other battery materials. Jiangxi Zhengtuo New Energy Technology has applied for 52 national patents, including 22 invention patents and 30 utility model patents. It has a strong presence in China with most of its research & development centers along with production sites are situated the country.

Resonac Holdings Corporation (Japan)

Showa Denko K.K. and Showa Denko Materials Co., Ltd. merged and transformed themselves into the newly integrated company "Resonac" and is one of the leading companies engaged in the manufacturing of lithium-ion battery materials.

Resonac Holdings Corporation operates through four business segments semiconductor and electronic materials, chemicals, innovation enabling materials, mobility, and others. The company provides lithium-ion battery anode under mobility segment. The company under its mobility segment offers automotive products (plastic molded products, friction materials, powder metal products), and lithium-ion battery materials (Aluminum laminated film SPALF, additive to cathodes and anodes, carbon anodes materials).

The company has a presence in North America, South America, Middle East & Africa, Europe, and Asia Pacific. It has its research and development centers located in Tsukuba, Japan; Chikusei, Japan, and among others.

POSOC FUTURE M (South Korea)

POSCO FUTURE M is a subsidiary of POSCO Group. The company is a key player in the rechargeable battery materials industry, driving the green energy transition with industry-leading products and cutting-edge technologies and is also involved in the construction and maintenance of refractory. The company operates through its three business divisions namely battery materials, advanced chemical materials, and basic industrial materials.

The company offers a range of essential components for rechargeable batteries, including cathode and anode active materials. The company provides lithium-ion battery anode material under its battery materials division. In terms of anode active materials (AAM), the company provides natural graphite anode materials known for their high conductivity, energy density, and longevity.

POSCO FUTURE M has a presence in Asia Pacific and North America with operations in South Korea, China, Canada, US, and Indonesia. The company has its manufacturing plant located in Sejong, Seoul, Gumi, Pohang, and Gwangyang.

Mitsubishi Chemical Group Corporation (Japan)

Mitsubishi Chemical Group Corporation is a subsidiary of Mitsubishi Chemical Holding which was formed with the merger of Mitsubishi Chemical Corporation and Mitsubishi Pharma Corporation. The company operates its business through 2 business divisions namely, Performance products and industrial materials, and others.

The company provides lithium-ion battery anode under its performance products segment. Also, it offers various products other than lithium-ion battery anode such as polymers, carbon fibers, alumina fiber, Battery, and fibers & textiles.

Mitsubishi Chemical Corporation has its production plants located in various cities of Japan that includes Kamisu, Toyama, Aichi, Yokkaichi, Nagahama, Maibara, Okayama, Hiroshima, Sakaide, Fukuoka, Iwaki, Yokohama, Hiratsuka, Ogaki, and Uto.

SGL Carbon (Germany)

SGL Carbon is among the leading manufacturers of specialty graphite and composite materials. The company’s products cater to various industries such as aerospace, automotive, and solar & wind energy. It also offers products for manufacturers of semiconductors, LEDs, and lithium-ion batteries.

The company operates its business through 4 segments namely composite solutions, carbon fibers, graphite solutions, and process technology. The company provides lithium-ion battery anode under its graphite solutions. The products under graphite materials & systems segment caters to various industries such as semiconductor, solar, fuel cell, and chemical.

SGL Carbon has a strong presence in North America, Europe, and Asia Pacific with its 29 sites. It has 17 sites in Europe, 8 in North America, and 4 in Asia Pacific. The company has its service network in more than 80 countries such as Spain, UK, Italy, Portugal, Poland, Austria, Germany, and France.

Related Reports:

Lithium-Ion Battery Anode Market by Materials (Active Anode Materials and Anode Binders), Battery Product (Cell and Battery Pack), End-Use (Automotive and Non-Automotive), and Region (Asia Pacific, Europe, and North America) - Global Forecast to 2028

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Mr. Aashish Mehra
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