Please Wait.....
Report
Middle-East And Africa Electric Vehicle Battery Anode - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 110 Pages I Mordor Intelligence
The Middle-East And Africa Electric Vehicle Battery Anode Market size is estimated at USD 1.81 million in 2025, and is expected to reach USD 3.43 million by 2030, at a CAGR of 13.67% during the forecast period (2025-2030).
Key Highlights
- In the medium term, government policies and investments are likely to boost the adoption of electric vehicles, subsequently driving the market.
- Conversely, the market's growth may be stunted by the limited involvement of companies in anode manufacturing within the region.
- Ongoing research and development in anode materials present promising growth opportunities for the market.
- During the study's focus period, the United Arab Emirates is projected to dominate the electric vehicle battery anode market in the Middle East and Africa.
Middle-East And Africa Electric Vehicle Battery Anode Market Trends
Lithium-ion Batteries to Dominate the Market
- Lithium plays a crucial role in manufacturing batteries for electric vehicles (EVs). As the key ingredient in rechargeable lithium-ion batteries, lithium's high energy density facilitates extended driving ranges. Recently, the Middle East and Africa have seen a surge in lithium-ion manufacturing units, particularly for battery components like anodes.
- For example, in July 2024, NextSource Materials announced plans for a new graphite anode plant in Saudi Arabia, focusing on the electric vehicle sector. With an investment exceeding USD 280 million, this venture highlights the company's global expansion strategy. The plant aims to produce 20,000 tonnes of graphite anode active material annually, specifically for lithium-ion batteries, bolstering the region's electric vehicle battery anode market.
- Similarly, as lithium-ion manufacturing units proliferate in the Middle East and Africa, the demand for anodes is set to rise. In March 2024, Saudi Aramco and the Abu Dhabi National Oil Company teamed up to extract lithium from oilfield brine, signaling Gulf states' ambitions in electric vehicle production and the growing anode demand.
- In December 2023, SHENZEN LEMI Technology Development Company, with oversight from Nigeria's Federal Ministry of Power and China's Ministry of Ecology and Environment, secured a deal for a USD 150 million lithium-ion battery plant in Nigeria. This project aligns with the Belt and Road Initiative's goals in Africa and global efforts to advance climate technology.
- Historically, as lithium-ion battery prices have plummeted, the demand for related components like anodes has surged. Bloomberg NEF reported the average lithium-ion battery price in 2023 at USD 139 USD/kWh, marking a fivefold drop since 2014. This price decline suggests a buoyant future for the anode market.
- Furthermore, electric vehicle adoption has been on the rise in the United Arab Emirates and South Africa. The International Energy Agency noted that 2023 saw electric car sales in these nations hit 29,980 units, a 53.5% leap from the prior year. With other regional countries likely to follow suit in EV demand, the anode market stands to benefit.
- Given the trends in lithium-ion batteries and anode production, the electric vehicle battery anode market in the Middle East and Africa is poised for growth.
United Arab Emirates to be the Largest Market
- The United Arab Emirates (UAE) is witnessing a swift embrace of e-mobility, bolstered by government initiatives aimed at curbing carbon emissions from the transportation sector. The government's ambitious goal of having 42,000 electric vehicles (EVs) on the roads by 2030 underscores this commitment.
- In August 2024, Mullen Automotive, a US-based firm, sealed a deal worth around USD 210 million with UAE's Volt Mobility. As per the agreement, the UAE is set to purchase 3,000 Class 1 and Class 3 electric vehicles by the end of 2025. This uptick in electric vehicles is poised to drive demand for batteries and components like anodes, fueling the market growth.
- In June 2024, BluSmart, an all-electric ride-hailing platform, made its entry into the UAE. This move establishes BluSmart as the UAE's first-ever 100% electric, premium limousine service, highlighting the nation's commitment to sustainable transport. The anticipated rise in electric vehicle adoption will drive demand for batteries and essential components like anodes.
- In May 2024, Al Ghurair Motors forged a dealership partnership with European manufacturer TAM-Europe, centering on electric commercial vehicles. This alliance not only emphasizes Al Ghurair Motors' commitment to the UAE's 2050 net-zero emissions goal but also heralds a greener transportation landscape and a thriving market for electric vehicle battery anodes.
- Electric vehicle sales in the UAE have been on an upward trajectory. Data from the International Energy Agency reveals that 2023 saw sales of 28,900 electric cars in the UAE, marking a staggering 53% jump from the prior year. Given this momentum, the demand for electric vehicles-and by extension, the electric vehicle battery anode market-is poised for significant growth.
- Given these developments, the electric vehicle battery anode market is set for a robust surge in the coming years.
Middle-East And Africa Electric Vehicle Battery Anode Industry Overview
The Middle East and Africa Electric Vehicle battery anode market is semi-consolidated. Some of the major players (not in particular order) include ICTC Egypt, Total Solution Industries LLC, Panasonic Holdings Corp, Targray, and NMT Electrodes.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2029
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Government policies supporting adoption of electric vehicles
4.5.1.2 Declining Lithium-ion Battery Prices
4.5.2 Restraints
4.5.2.1 Presence of limited players in the Region
4.6 Supply Chain Analysis
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
4.8 Investment Analysis
5 MARKET SEGMENTATION
5.1 Battery Type
5.1.1 Lead Acid Batteries
5.1.2 Lithium-ion Batteries
5.1.3 Other Battery Types
5.2 Material
5.2.1 Lithium
5.2.2 Graphite
5.2.3 Silicon
5.2.4 Others
5.3 Geography
5.3.1 Saudi Arabia
5.3.2 South Africa
5.3.3 United Arab Emirates
5.3.4 Nigeria
5.3.5 Egypt
5.3.6 Qatar
5.3.7 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 ICTC Egypt
6.3.2 NMT Electrodes
6.3.3 Panasonic Holdings Corp
6.3.4 Total Solution Industries LLC
6.3.5 Gamma Anode
6.3.6 Zinc Egypt
6.3.7 TAQAT Development
6.3.8 NextSource
6.3.9 Emirates Global Aluminium
6.3.10 Targray
6.4 List of Other Prominent Companies
6.5 Market Ranking Analysis
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Research & Development in anode material
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security