Global anode material consumption for electric vehicles reached 1,202K tons in January-September 2026, according to SNE Research. That represented a 21.1% increase from 992K tons in the same period a year earlier.
Consumption outside China increased 28.8% from 370K tons to 476K tons, outpacing the global growth rate. The ex-China market’s share of total consumption rose 2.3 percentage points to 39.6%.
BTR ranked first among suppliers with 247K tons, up 22.4% year over year, followed by ShanShan with 234K tons, up 6.8%. Their combined market share declined from 42.4% to 40.0%, while each supplier ranked third through sixth increased its share.
Shangtai placed third with 143K tons, a 29.6% increase, followed by Kaijin at 135K tons, up 30.0%. Shinzoom recorded the highest growth rate among the top 10, rising 50.5% to 107K tons. Zichen increased 30.3% to 81K tons, while XFH and Kuntian reached 47K tons and 46K tons, respectively.
Global EV Anode Material Consumption Reaches 1,202K Tons
Consumption rose 21.1% year-on-year, while faster ex-China growth lifted its share of the global market.
Green marks growth and red decline: all eight Chinese top-10 suppliers grew, while Korean and Japanese shares fell from 1.8% and 2.5%.
Hitachi Chemical recorded 19K tons, down 1.4%, and POSCO posted 16K tons, down 5.0%. All eight Chinese suppliers in the top 10 increased their consumption year over year.
Chinese suppliers accounted for 96.6% of the market in the third quarter of 2026, compared with 1.3% for Korean suppliers and 2.1% for Japanese suppliers. Over January-September, EV battery usage rose 33.1% in Europe and 74.1% in Asia excluding China, while North America declined 24.3%.
Production bases outside China continue to expand. POSCO Future M is pursuing a synthetic graphite anode plant in Vietnam targeting mass production in 2028 and a spherical graphite plant in Saemangeum scheduled for trial operation in early 2027.
Chinese export controls on synthetic graphite anode materials and related equipment and technology remain suspended until November 10 this year. SNE Research also expects material-level traceability requirements to increase when the EU battery passport takes effect in February 2027.
Source: sneresearch.com
