The global market for biomass-derived hard carbon anodes is projected to grow from US$ 130 million in 2025 to US$ 1,216 million by 2032. This growth is driven by the increasing demand for sustainable battery materials, specifically for sodium-ion and lithium-ion applications. Key materials include carbon derived from coconut shells and rice husks. The industry is seeing significant activity from manufacturers in Japan and China, as the sector seeks to reduce reliance on traditional graphite and improve the sustainability of energy storage supply chains.
