Next Generation Anode Materials Market Scope, Insight, Focused Growth Forecast by 2029

 The global 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 13.5% in the forecast period of 2021 to 2028 and is expected to reach USD 18,183,713.65 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 favoring 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 might act as major restraints on the growth rate of the next generation anode materials market.

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