The high energy density and load capacity are some of the notable features of lithium-ion batteries. Moreover, owing to the increasing demand for enhanced battery life in different applications areas such as transport and consumer electronics, various companies have invested significantly in R&D in order to make advanced lithium-ion batteries. The efficiency of lithium-ion batteries depends on their various components – cathode, anode, and electrolyte.
According to Bis Research, the Global next-generation anode materials market size in 2019 was at $1.3 Billion and will go to $5.4 Billion by 2030 with a CAGR of 16.81% during a forecast period of 2020-2030.
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