Last year, the global electric vehicle battery anode material loading (usage) increased by 30% compared to the previous year. China's market share exceeded 95%, leading the market.
According to market research firm SNE Research, the total loading of anode materials used in last year's global pure electric vehicles, plug-in hybrid electric vehicles (PHEV), and hybrid electric vehicles (HEV) was recorded at 1,043,000 tons (t), a 30% increase compared to the previous year.
The loading of anode materials used in markets excluding China was 383,000 t, recording a growth rate of 15%, but the total market share for these regions was only 37%.
In terms of market share by corporation, China's Shanshan and BTR ranked 1st and 2nd, respectively, leading the global anode material market. The two companies supply products to major battery manufacturers such as CATL and BYD.
Among the top 10 corporations, Posco (24,000 t) was the only South Korean corporation to make the list. Posco supplies natural graphite (NG)-based anode materials to the country's three battery companies.
Last year, Chinese corporations supplied 990,000 t out of 1,040,000 t in the global anode material market, recording about 95% market share. Chinese corporations are in a trend of further solidifying their market share through continuous production expansion and technology development.
South Korean corporations, centered around Posco, including Daewoo and Aekyung, recorded a relatively high growth rate of 41%, but the total sales volume was limited to 26,000 t. In Japan, there was a negative growth of 11%, selling 23,000 t.
An official from SNE Research noted, "For the time being, the likelihood is high that Chinese corporations will maintain their market dominance, but as North America and Europe's supply chain diversification policies accelerate, opportunities for South Korean corporations will also expand," adding, "There is a high possibility of gradually increasing market share in non-China markets."