According to a survey by the Lithium Battery Research Institute (GGII), China’s lithium battery anode market shipments will be 1.37 million tons in 2022, a year-on-year increase of 90%.
From the perspective of market size, the reasons for the significant increase in domestic lithium battery anode shipments in 2022 are:
1) In 2022, domestic new energy vehicle production will reach 7.058 million units, a year-on-year increase of 96.9%, driving a year-on-year increase of 112% in power battery shipments;
2) In 2022, the domestic lithium battery energy storage market will increase by 1.7 times year-on-year;
3) After the Winter Olympics, the production and power restrictions were relaxed, the utilization rate of graphitization capacity increased, the negative electrode production capacity was released, and the supply increased.
From the perspective of product shipment structure, the proportion of artificial graphite in anode materials in 2022 fell slightly to 84%, and the proportion of natural graphite market increased to 15%, mainly because:
1) In the first half of the year, artificial graphite was subject to bottlenecks such as graphitization production capacity, and the supply exceeded demand, and some low-end market demand was replaced by natural graphite;
2) In 2022, due to the rise in lithium salt prices, lithium battery companies will be under great cost pressure, and some companies will use natural graphite mixed with artificial graphite to reduce costs and drive the demand for natural graphite to rise;
3) The verification and application of double-layer coating technology by downstream battery factories has also led to the increase in the application of natural graphite.
From the perspective of market competition, the concentration of CR3 industry in China’s anode material industry in 2022 will be 51%, and the concentration of CR6 industry will be 77%. Compared with 2021, the concentration of the CR3 market increased slightly, and the concentration of the CR6 market decreased
slightly, due to:
1) Strong downstream demand, full production and sales, long-term lock orders for large customers, and squeeze the market share of second-tier and below enterprises;
2) The new production capacity of finished products of leading enterprises has accelerated, and the new production capacity of leading enterprises will exceed 300,000 tons/year in 2022, driving the increase in shipments;
3) Xiangfenghua, Dongdao New Energy, Shenzhen Snow, etc. outside the top six have squeezed out the market space of some head enterprises due to the rapid growth of large customer demand and the acceleration of production capacity release, resulting in a slight decline in the concentration of CR6 enterprises.
Post time: Feb-04-2023
