First Generation of Advance Silicon-Based Anode Material Continues Delivering Strong Performance - Seite 3

This new reality is driving a surge in demand for advanced silicon-based anode materials. As of 2023, this market is valued between US$1.1 billion [5] and US$2.7 billion [6]. Its growth prospects indicate a potential demand of 300,000 tons by 2030, estimated at US$15 billion [5], according to one source, and US$ 131.6 billion in 2033 according to another source [7].

It is important to highlight that silicon-based materials for Li-ion batteries currently make up a relatively small portion, accounting for less than 10%, of the global demand for graphite, which is primarily used in the manufacture of anode materials for Li-ion batteries. This graphite market is estimated to be worth US$25 billion in 2023 [8].

“I continue to be profoundly encouraged by the results to date; however, I am even more excited about the potential of our next generations of materials,” expressed Mr. Bernard Tourillon, President and CEO of HPQ Silicon Inc. and NOVACIUM SAS. “These achievements open the door for HPQ to become one of the first North American manufacturers of advance engineered silicon-based anode materials in a jurisdiction that supports these types of initiatives as it aims to become a central hub for battery material manufacturing in North America.”

REFERENCE SOURCES

[1]        Novacium technical team analysis of the data from the ongoing charging and discharging cycle tests conducted at a world-leading university, the name of which is kept confidential for competitive reasons.

[2]        According to Grand View Research, the global mobile application market size was valued at US$ 228.98 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 14.3% from 2024 to 2030. (Link to source.)

[3]        The Royal Society of Chemistry 2020 Sustainable Energy Fuels, 2020, 4, 5387–5416

[4]        Management estimates based on confidential price quotes received for materials by HPQ affiliated company.

[5]        QY Research, SNE Research, Shinhan Securities / NBM June 2023 Deck page 11

[6]       The global silicon anode battery market is likely to be valued at US$ 2.7 billion in 2023.
            From Future Market Insights Global and Consulting Pvt. Ltd.