Silicon-based Anode Market Analysis

Product Type (Silicon Oxide Blends, Silicon Carbon Fiber, Graphene-Enabled Silicon Anode)

The silicon oxide blends segment in the silicon-based anode market is estimated to hold 50% of the revenue share during the forecast period. This segment is set to be dominating since it is considered to be an anode with more stability and efficiency. Additionally, it also guides in improving the density of energy along with enhancing the life of the battery. Moreover, the charging capabilities are also increased with this. Furthermore, there has been a growing demand for electric vehicles and this could be owing to a large number of charging stations all across the world. For instance, over 800,000 of the about 3 million public charging stations deployed by the end of 2022, or nearly 54% more than those placed in 2021, were located in public areas across the globe. When poputhe lation have availability of charging points and fast charging options the demand for electric vehicles boost. Therefore, the demand for segment is set to rise.  

Application (Automobile, Consumer Electronics, Grid Storage, Medical, Others)

Silicon-based anode market from the automobile segment is set to capture the largest share of about 60% by 2037. The major element encouraging the growth of the segment is growing need for emission free function solution in automotive such as electric vehicles. However, when the generation of electricity is taken into consideration for EV charging, petrol and diesel vehicles release nearly three times more carbon dioxide than the average EV. Hence, the investment in renewable energy is surging in order to make EV a complete green alternative. Consequently, with the surge in this segment the deployment of renewable energy is also projected to rise hence further driving the market expansion.

Our in-depth analysis of the global silicon-based anode market includes the following segments: