The Worldwide Battery Additives Industry is Expected to Reach $2.7 Billion by 2028 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Battery Additives Market Size, Share & Analysis, By Electrode Type, By Application Type, By End-Use, And By Region, Forecast To 2028” report has been added to ResearchAndMarkets.com’s offering.
The global battery additives market size is expected to reach USD 2,755.0 Million in 2028, and register a CAGR of 8.1% during the forecast period.
Market growth is expected to be driven by factors such as increasing demand for batteries by various end-use industries including consumer electronics for applications in mobile phones, rechargeable batteries, smart watches, and various others, coupled with increasing need for environment friendly additives for manufacturing batteries for application in electric vehicles, in the automotive industry.
Risks of battery failure and under-developed charging infrastructure for EVs in some countries could hamper growth of the global market to some extent.
Some Key Findings From the Report:
- Among the additive type segments, the nucleating additives segment accounted for substantially large revenue share in the global battery additives market in 2020.
- Among the application segments, the Lithium-ion segment is projected to register the highest CAGR during the forecast period, due to increasing use of these batteries in various widely sold appliances and devices such as wearable devices, smartphones, laptops, tablets, etc.
- Among the end-use segments, the automotive segment accounted for the largest revenue share in the global market in 2020, owing to increasing demand for electric vehicles.
- The Europe market is expected to account for substantially large revenue share in the global market.
- The North America market accounted for considerably large revenue share in the global battery additives market in 2020, and is projected to register steady CAGR during the forecast period.
- The Asia Pacific market is expected to register higher CAGR as compared to other regional markets in the global market, due to increasing adoption of EVs in the region.
- Key players profiled in the report include 3M Company, Cabot Corporation, Hammond Group, Colonial Chemical Corp., Orion Engineered Carbons, Altana AG, Zircon Industries, Atomized Products Group Inc., Prince International Corporation, and SGL Group. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global battery additives market is segmented on the basis of additive type, application, end-use, and region:
Additive Type Outlook
- Conductive
- Porous
- Nucleating
- Others
Application Outlook
- Lithium-ion
- Lead-acid
- Nickel ion
- Others
End-Use Outlook
- Automotive
- Electronics
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Battery Additives Market with four levels of quality check – in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of all the major players in the Battery Additives Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
For more information about this report visit https://www.researchandmarkets.com/r/oy9z5e
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