Rapid growth in domestic shipments of negative electrode materials

2021-11-12 10:57

Before 2000, the market for lithium battery negative electrode materials was mainly dominated by Japanese manufacturers, with a market share of over 95%. With the overall development of China's lithium battery industry and the continuous improvement of the industry chain, domestic enterprises have gradually achieved technological breakthroughs in the field of negative electrode materials, and the market share has rapidly increased. According to GGII data, the shipment volume of negative electrode materials in China reached 118000 tons in 2016 and 720000 tons in 2021, with a compound growth rate of 43.58%, making it the main producer of negative electrode materials. In 2022, the development trend of rapid growth in China's negative electrode material market continued, with the annual shipment volume of negative electrode materials reaching 1.37 million tons, a year-on-year increase of 90%.

According to GGII data, the Chinese negative electrode material market will continue to develop at a compound growth rate of over 40% in the coming years, and the market size is expected to increase from 720000 tons in 2021 to 2.8 million tons in 2025.

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