Silicon Anode Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Silicon Anode Market in 2025 is assessed at USD 1.17 billion. The global Market size was worth over USD 763.52 million in 2024 and is poised to grow at a CAGR of over 66.1%, reaching USD 559.28 billion revenue by 2037. Asia Pacific is on pace to yield USD 223.71 billion by 2037, fueled by rising demand for commercial vehicles and the growing urban population.
The major factor driving the growth of the market is a surge in demand for electric vehicles. In 2022, over 9 million electric vehicles were sold all across the globe and this number is set to boost by about 34% which equates to approximately 13 million this year. Hence, with this, the silicon anode is projected to grow since these are considered to be next-generation batteries.
A large number of organizations are working towards integrating the use of silicon anode batteries in their electric vehicles in order to reduce the e emission of greenhouse gasses. Graphite as cathode was the most extensive material used in EV batteries till now. However, it is projected that graphite has high carbon intensity. Therefore, the adoption rate of silicon anode is set to surge. Additionally, the government of different countries is encouraging the adoption of electric vehicles and launching various schemes with the aim of influencing people. As a result, the market revenue might grow in the coming years.
