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(华宇)
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(江淮汽车) began selling Huaxianzi(花仙子) electric vehicles using 32140 cylindrical
sodium ion battery of Hina Battery(中科海纳).
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, 中科海纳 | ||||||
|
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, 美联新材 | ||||||
|
10.1.7 |
ET, 英能基 | ||||||
|
10.1.8 |
Yadi Huayu, 雅迪华宇 | ||||||
|
10.1.9 |
Transimage (TIC),
传艺科技 | ||||||
|
10.1.10 |
VEKEN, 维科技术 | ||||||
|
10.1.11 |
DFD, 多氟多 | ||||||
|
10.1.12 |
SQ Group, 圣泉集团 | ||||||
|
10.1.13 |
BTR, 比特瑞 | ||||||
|
10.1.14 |
Great Power 鹏辉电池 | ||||||
|
10.1.15 |
BYD, 比亚迪 | ||||||
|
10.1.16 |
Weifang Energy , 为方能源 | ||||||
|
10.1.17 |
ZEC, 振华新材 | ||||||
|
10.1.18 |
Ronbay, 容百 | ||||||
|
10.1.19 |
Shanshan, 杉杉科技 | ||||||
|
10.1.20 |
NTEL, 钠能时代 | ||||||
|
10.1.21 |
Tuna Corporation,
德创环保 | ||||||
|
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 |
| |||||||