본문바로가기

What we do

We aim to provide our clients with intelligence,
future-directed information and analysis.

Report purchase request

  • Sales team
  • 070-4006-0355

  • sales@sneresearch.com

Purchase inquiry
Battery

Sodium Ion Battery (SIBs) Technology Development Trends and Market Forecast (~2035)

 

In 2022, the price of lithium carbonate was traded at 600,000 yuan (about 111 million won) per ton. Considering that the average lithium sales price in the previous year was about 110,000 yuan (about 20 million won), it was a huge increase of price.

 

As such, the surge in lithium prices with high price instability has added weight to the emergence of sodium-ion batteries. SIBs were announced for development and production as the next-generation battery by China's largest battery company, CATL, back in 2021.

 

SIBs are the next-generation batteries that are currently trying to commercialize their price competitiveness as weapons in the secondary battery market, where lithium-ion batteries (LIBs) are the mainstream. It is a battery using sodium as a raw material instead of lithium. Although its energy density is lower than that of LIB, it has high electrochemical stability, high capacity retention rate at low temperature and high charging / discharging performance.

 

Sodium is a metal located in Group 1 of the Periodic Table with lithium and has similar chemical / electrochemical properties. Therefore, the manufacturing process of SIBs has the advantage of being designed to be convertible into LIBs manufacturing. As such, the entry into the SIBs industry shows the unity of the fundamental activities (operation, marketing, service) and support activities (technology development, manpower). So it is growing into an attractive industry and is preparing for full-scale market penetration starting with Chinese market.

 

China has already begun the launch of two-wheeled vehicles and electric vehicles using SIBs. Yadi(雅迪), China’s leading electric motorcycle company, established its subsidiary company Huayu() and launched the electric motorcycle model ‘Ji Na No.1” (极钠S9)’ in late 2023. And in January 2024, the Chinese electric vehicle brand JAC(江淮汽) began selling Huaxianzi(花仙子) electric vehicles using 32140 cylindrical sodium ion battery of Hina Battery(中科海).

 

However, as EV market entered the chasm section in earnest in 2023, it fell to 86,000 yuan per ton as of January 2024. The drop in raw material prices has made the low-cost competitiveness of sodium-ion batteries meaningless, adding to the concerns of many sodium-ion battery suppliers who planned to mass-produce them following CATL in 2022.

 

This report covers the current status and prospects of sodium-ion batteries based on 2023 battery market, where raw material prices have bottomed out.

 

First, the technology part deals with a development direction, synthesis method, and core patents of the four major materials (Cathode, Anode, Electrolyte, Separator) of companies and predicts future technology direction through insight of SNE Research.

 

In the market analysis, the forecast of price, which is the most important part, was compared with LFP to analyze future competitiveness, and the battery industry forecast, which is the core data of SNE research, was applied to the penetration industry to understand the demand and market size of each product.

 

Through this report, you can look at the latest trends in sodium-ion batteries and see if there is any investment value that can be another layout for manufacturers to expand product positioning in the future battery market.

 

The strong point of this report

1. Technology

l  The latest technological trends and corporate technology trends by materials of SIBs

l  Synthesis process by materials

l  Core patent technology of companies by materials

l  Technical insights of SNE Research (problems and development directions)

 

2. Market

l  The cost BOM calculation of the pilot step and mass production step

l  Analysis of price competitiveness comparing the price forecast of LFP batteries across scenarios.

l  Analysis of demand and market size through market penetration industry analysis and sector-by-sector penetration rate analysis

l  Supply forecast of SIBs’ material and battery (~2035)

l  Understanding trends of 33 global companies related to sodium-ion batteries

 

The above contents are divided into 10 chapters, and the approximate contents of each item are as shown in the table of contents below. (201 page in total)

 




 

 

1. Introduction

1.1 History of Battery Development

1.1.1 Introduction of Secondary Batteries

1.1.2 Lead-Acid Battery

1.1.3 Ni-MH Battery

1.1.4 Nickel Cadmium Battery

1.1.5 Li-ion Battery

1.2 Problems of Lithium-ion Batteries

 

 

2. Sodium-ion Batteries (SIBs)

2.1 Definition and Characteristics of SIBs

2.1.1 Definition of SIBs

2.1.2 Characteristics of SIBs

2.1.3 Comparison of performance characteristics of LIBs vs SIBs

 

2.2 Advantages of SIBs

2.3 Disadvantages and Limits of SIBs

2.4 Manufacturing Process of SIBs

 

 

3. Cathode Materials of SIBs

3.1 Characteristics of Cathode Materials

3.1.1 Research Direction of Cathode Materials

3.2 Types of Cathode Materials

3.2.1 Layered Oxides

3.2.2 Polyanion Compounds

3.2.3 Prussian Blue Analogues (PBAs)

3.2.4 Prussian White (PW)

 

3.3 Synthesis Method of Cathode Materials

3.3.1 Layered Oxides

Solid-state method

Sol-gel method

Water-in-oil type emulsion-drying method

 

3.3.2 Polyanion Compounds

Solid-state method

Sol-gel method

Hydrothermal synthesis

Organic acid dissolution

Mechanochemical synthesis

 

3.3.3 Prussian Blue Analogues (PBAs)

Co-precipitation method

Electrodeposition method

 

3.4 Core Patents by Types of Cathode Materials

3.5 Latest Trends of Cathode Materials

3.5.1 Layered Oxides

3.5.2 Polyanion Compounds

3.5.3 Prussian Blue Analogues (PBAs)

 

 

4. Anode Materials of SIBs

4.1 Characteristics of Anode Materials

4.2 Types of Anode Materials

4.2.1 Intercalation Type

4.2.2 Organic Compounds

4.2.3 Conversion Reaction Type

4.2.4 Alloying Type

4.2.5 Conversion-Alloying Type

4.3 Synthesis Method of Anode Materials

4.3.1 Intercalation Type

Hard Carbon

     Reference. Raw Material Types of Hard Carbon

     Soft Carbon_ Hina Battery

     Soft Carbon_ Sinopec

     Ti –based Oxides_ Hydrothermal

     Ti –based Oxides_ Solvothermal

     Ti –based Oxides_ Solid-state

4.3.2 Conversion Reaction Type

Phosphides_ Mechanical Milling

     Sulfides_ Hydrothermal

     Metal Selenides_ Hydrothermal

     Metal Selenides_ Gas-phase salinization

 

4.3.3

  Alloying type

 

Replacement

4.3.4

  Conversion-Alloying type

 

Selenides_ Solvothermal

 

 Selenides_ Chemical reaction

 

 Sulfides_ Solvothermal

 

 Sulfides_ Solid-state

 

4.4 Core Patent by Types of Anode Materials

4.5 Latest Trends of Anode Materials

4.5.1

  Intercalation Type

4.5.2

  Organic Compound

4.5.3

  Conversion Reaction

4.5.4

  Alloying Materials

4.5.5

  Conversion-Alloying Materials

 

 

5. Electrolytes of SIBs

5.1 Characteristics of Electrolytes

5.1.1 Role of Electrolytes

5.1.2 Key Assessment Factors of Electrolytes

 

5.2 Types of Electrolytes

5.2.1

  Organic Electrolytes

5.2.2

  Ionic Liquids Electrolytes

5.2.3

  Aqueous Electrolytes

5.2.4

  Inorganic Solid Electrolytes

5.2.5

  Gel Polymer Electrolytes

5.2.6

  Hybrid Electrolytes

 

5.3 Synthesis Methods of Electrolytes

5.3.1 Synthesis Methods of Liquid Electrolytes

5.3.2 Synthesis Methods of Solid Electrolytes

 

5.4 Solvents of Electrolytes

5.5 Core Patent by Material Types of Electrolytes

5.6 Latest Trends of Electrolytes

5.6.1

  Ionic Liquids Electrolytes

5.6.2

  Inorganic Solid Electrolytes

5.6.3

Gel Polymer Electrolytes

 

6. Separators of SIBs

6.1 Characteristics of Separators

6.2 Types of Separators

6.2.1

Polyolefin Composite Separators

6.2.2

Nonwoven Separators

6.3 Synthesis Methods of Separators

6.3.1

 Polyolefin Composite Separators

6.3.2

 Nonwoven Separators

6.4 Core Patents by Materials of Separators

6.5 Latest Trends of Separators

 

7. SNE Insight_ Technology

7.1 Problems by Materials of SIBs

 

7.1.1

  Problems of Cathode Materials

 

     Layered oxides

 

 

     PBAs

 

 

     Polyanion Compounds

 

7.1.2

  Problems of Anode Materials

 

 

     Intercalation type

 

 

     Organic Material

 

 

     Conversion&Alloying type

 

7.1.3

  Problems of Electrolytes

 

7.1.4

  Problems of Separators

 

     

 

7.2 Development Direction of SIBs

 

8. Price Forecast of SIBs

8.1

Cost Analysis of SIBs

 

 

8.1.1

 Cost BOM of The Pilot Step

 

8.1.2

 Cost BOM of The Mass Production Step

8.2

Price Forecast of SIBs

 

8.3

Analysis of Price Competitiveness

 

     

 

9. SIBs Market Status and Forecast

9.1

Market Forecast of Secondary Batteries

 

 

Mid to Long-Term Market Forecast of Global Secondary Battery (Capacity)

 

9.2

Analysis of SIBs Penetration Industry

 

 

9.2.1

  Analysis of Electric Vehicle Demand

 

9.2.2

  Analysis of Electric Vehicle Penetration Rate

 

 Conservative Scenario

 

 

     Positive Scenario

 

 

9.2.3

  Analysis of LEV(light ev) Penetration Rate

 

 Conservative Scenario

 

 

     Positive Scenario

 

 

9.2.4

  Analysis of ESS Penetration Rate

 

     Market Forecast of ESS by Region

 

 

     Conservative Scenario

 

 

     Positive Scenario

 

9.3

Demand Forecast by SIBs Scenario

 

 

9.3.1

Demand Forecast of SIBs by Conservative Scenario

 

9.3.2

Market Size Forecast of SIBs by Conservative Scenario

 

9.3.3

 Demand Forecast of SIBs by Positive Scenario

 

9.3.4

 Market Size Forecast of SIBs by Positive Scenario

9.4

Introduction of Industry Chain

 

9.5

Industry Chain_ Battery Manufacturers

 

 

9.5.1

 Production Capacity of SIBs

 

9.5.2

 Scenario of SIBs Supply

9.6

Industry Chain_ Cathode Materials

 

 

9.6.1

 Characteristics by Types of SIBs Cathode Material and Major Companies

 

9.6.2

 Production Capacity Forecast of SIBs Cathode Materials

9.7

Industry Chain_ Anode Materials

 

 

9.7.1

 Characteristics by Types of SIBs Anode Material and Major Companies

 

9.7.2

 Production Capacity Forecast of SIBs Anode Materials

9.7

Industry Chain_ Electrolytes

 

 

9.7.1

 Characteristics by Types of SIBs Electrolyte and Major Companies

 

9.7.2

 Production Capacity Forecast of SIBs Electrolytes

     

 

 

10

 

SIBs Development Status of Companies

 

 

10.1

China

 

 

 

10.1.1

  CATL

 

 

10.1.2

  Hina Battery, 中科海

 

 

10.1.3

  Huayang Energy, 华阳新能源

 

 

10.1.4

  ZOOLNASM, 众纳能源

 

 

10.1.5

  Lifun, 立方新能源

 

 

10.1.6

  Malion, 新材

 

 

10.1.7

  ET, 英能基

 

 

10.1.8

  Yadi Huayu, 雅迪

 

 

10.1.9

  Transimage (TIC), 传艺科技

 

 

10.1.10

  VEKEN, 科技

 

 

10.1.11

  DFD,

 

 

10.1.12

  SQ Group, 泉集

 

 

10.1.13

  BTR, 比特瑞

 

 

10.1.14

  Great Power 鹏辉电

 

 

10.1.15

  BYD,

 

 

10.1.16

  Weifang Energy , 方能源

 

 

10.1.17

  ZEC, 新材

 

 

10.1.18

  Ronbay, 容百

 

 

10.1.19

  Shanshan, 杉杉科技

 

 

10.1.20

  NTEL,

 

 

10.1.21

  Tuna Corporation, 创环

 

10.2

Japan

 

 

 

10.2.1

  NGK INSULATIORS

 

 

10.2.2

  Kuraray

 

 

10.2.3

  Mitsui Metals

 

 

10.2.4

  Nippon Electric Glass

 

10.3

Korea

 

 

 

10.3.1

  Aekyung Chemical

 

 

10.3.2

  Energy 11

 

10.4

UK

 

  

  Faradion

 

 

10.5

France

 

  

  Tiamet

 

 

10.6

Sweden

 

  

  Altris

 

 

10.7

USA

 

 

 

10.7.1

  Natron Energy

 

 

10.7.2

  Novasis

 

10.8

India

 

  

  Indi Energy