LIB Anode Market to Record Sturdy Growth by 2027

LIB Anode – The Functional Core Out for Massive Reformation

A recent study by Fact.MR foretells the global LIB anode market to record an expansion rate of ~ 10% over the forecast period, 2019–2027. Currently, the global LIB anode market is predominantly concentrated in China and Japan, collectively accounting for ~ 60% share.

The global LIB anode industry continues to gain remunerative opportunities across developed as well as developing economies, on the backdrop of increasing investments, product innovations, and several R&D activities taken up by the key manufacturers.

Rapid climate changes and concerns over environmental & energy security problems have been compelling automakers to develop low- and zero-emission vehicles, which is likely to play an essential role in the promising future scenario of e-mobility.

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In the view growing focus towards environmental sustainability and continuous innovations in the materials, the demand for LIB anodes will continue to witness promising growth in the years ahead, for its significant advantage in the reduction of CO2 emissions. Moreover, recent developments within the active anode ingredients marked with several cost optimization techniques have created a positive impact on the adoption rate of anode materials for manufacturing LIB batteries.

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The global market for LIB anode is estimated to record a significant growth rate in legacy regions including East Asia, Europe and North America, due to expanding production capacities of potential manufacturers in these regions. Over the years, the global market for LIB anode has witnessed several collaboration and partnerships between the material manufacturers and end users, such as battery manufacturers, automakers and others. Key industry giants including –

  • Hitachi Chemicals
  • Nippon Chemical
  • Betray New Energy Materials
  • Umicore
  • Sumitomo Chemicals
  • BASF

Read More Trending Reports of Fact.MR – http://www.globenewswire.com/en/news-release/2019/09/03/1909740/0/en/LIB-Anode-Market-to-See-an-Uptick-as-the-Shift-to-Next-gen-Battery-Technologies-Continues-Unabated-Finds-Fact-MR.html

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