The Global Anode Material for Sodium-ion Battery Market was valued at USD 782.4 million in 2024 and is projected to reach USD 2.86 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 15.7% during the forecast period (2024–2032). This explosive growth is being driven by renewable energy integration, expanding electric vehicle applications, and technological breakthroughs in hard carbon anode performance.

As the energy storage industry pivots toward sustainable and cost-effective solutions, sodium-ion technology is emerging as a viable alternative to lithium-ion systems. In this competitive arena, material science specialists and battery innovators are developing advanced anode solutions. Here we examine the Top 10 Companies in the Anode Material for Sodium-ion Battery Industry—the global leaders shaping tomorrow’s energy storage infrastructure.

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🔟 1. BTR New Material Group (China)

Headquarters: Shenzhen, China
Key Offering: Hard carbon anodes and composite materials

BTR dominates the Asian anode materials market with its proprietary biomass-derived hard carbon technology. The company’s materials achieve industry-leading capacities of 300+ mAh/g while maintaining excellent cycle stability.

Technology Highlights:

• Pore structure engineering for optimized ion transport
• Mass production capacity exceeding 20,000 tonnes annually
• Strategic collaborations with CATL and BYD

Download FREE Sample Report: Anode Material for Sodium-ion Battery Market – View in Detailed Research Report

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9️⃣ 2. Kuraray Co., Ltd. (Japan)

Headquarters: Tokyo, Japan
Key Offering: Petroleum pitch-based hard carbon

This Japanese specialty chemical company produces premium hard carbon anodes with exceptional durability. Kuraray’s materials demonstrate >95% capacity retention after 1,000 cycles, setting industry benchmarks for longevity.

Technology Highlights:

• Proprietary carbonization process
• Exclusive supply agreements with Panasonic and Toyota
• 220 mAh/g capacity with minimal first-cycle loss

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8️⃣ 3. Phillips 66 (U.S.)

Headquarters: Houston, Texas, USA
Key Offering: Petroleum coke-derived anodes

The energy multinational has leveraged its refining expertise to create cost-effective anode materials from byproduct streams. Their thermal treatment process produces consistent, high-performance carbon structures.

Technology Highlights:

• Vertically integrated from refinery to battery materials
• Specialized formulations for grid-scale storage
• North American manufacturing JVs in development

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7️⃣ 4. Targray (Canada)

Headquarters: Montreal, Canada
Key Offering: High-purity anode materials and electrolytes

Targray has become North America’s leading battery materials supplier, known for exceptional product consistency. Their anode-electrolyte system integration provides complete solutions for cell manufacturers.

Technology Highlights:

• Integrated material-electrolyte systems
• Rigorous quality control standards
• Global distribution network across three continents

Download FREE Sample Report: Anode Material for Sodium-ion Battery Market – View in Detailed Research Report

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6️⃣ 5. HiNa Battery Technology Co. (China)

Headquarters: Beijing, China
Key Offering: Integrated cell and anode solutions

HiNa pioneered China’s first sodium-ion battery gigafactory, taking a vertically integrated approach to materials and cell production. Their bamboo-derived hard carbon achieves remarkable 310 mAh/g capacity.

Technology Highlights:

• Full production chain from materials to battery packs
• Demonstrated commercial applications in EVs and ESS
• Strategic focus on cost-competitive solutions

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5️⃣ 6. NEI Corporation (U.S.)

Headquarters: Somerset, New Jersey, USA
Key Offering: Nanostructured composite anodes

NEI brings nanotechnology expertise to anode development, creating advanced composite materials that enhance conductivity and rate capability in sodium-ion systems.

Technology Highlights:

• DOE-funded research initiatives
• Nanofiber-reinforced architectures
• Specialized materials for extreme environments

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4️⃣ 7. MSE Supplies LLC (U.S.)

Headquarters: Tucson, Arizona, USA
Key Offering: Research-grade anode materials

MSE Supplies serves the scientific community with ultra-high purity materials that accelerate R&D cycles. Their products enable fundamental research and pilot production.

Technology Highlights:

• 99.99% purity materials for advanced research
• Custom synthesis capabilities
• Supplies to leading research institutions worldwide

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3️⃣ 8. Shanghai Shanshan Technology (China)

Headquarters: Shanghai, China
Key Offering: Cost-optimized anode materials

As China’s pioneer in lithium-ion anode materials, Shanshan has successfully transitioned to sodium-ion technology while maintaining its cost leadership position.

Technology Highlights:

• Low-temperature carbonization patents
• 15,000 ton/year dedicated sodium-ion anode capacity
• Strong position in consumer electronics market

Get Full Report Here: Anode Material for Sodium-ion Battery Market – View in Detailed Research Report

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2️⃣ 9. Zhongke HaiNa (China)

Headquarters: Beijing, China
Key Offering: Coal-based hard carbon anodes

This Chinese innovator has developed proprietary coal-derived anode materials that significantly reduce production costs while maintaining performance.

Technology Highlights:

• Unique precursor purification process
• Excellent rate capability (80% at 5C)
• Targeting <$3/kWh battery pack costs

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1️⃣ 10. Kaijin (Japan)

Headquarters: Tokyo, Japan
Key Offering: Ultra-high density hard carbon

Kaijin represents Japan’s material science excellence, producing the most compact hard carbons in the industry through proprietary high-pressure processes.

Technology Highlights:

• 1.6 g/cm³ tapped density – industry benchmark
• Preferred supplier to top Japanese electronics firms
• Specialized grades for aerospace applications

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🔋 Outlook: The Road Ahead for Sodium-ion Anode Materials

The anode materials sector is undergoing rapid evolution as sodium-ion batteries transition from research to commercialization. While hard carbon currently leads, new material innovations are expanding performance boundaries.

📈 Key Market-Shaping Trends:

• Biomass-derived materials gaining market share over petroleum-based products
• Increasing R&D into silicon-carbon composite anodes
• Emerging standardization for material specifications
• Geopolitical shifts driving regional supply chain development

Get Full Report Here: Anode Material for Sodium-ion Battery Market – View in Detailed Research Report

The companies profiled above represent the vanguard of energy storage innovation, developing the advanced materials that will enable sodium-ion batteries to meet global energy storage demands sustainably and cost-effectively.