Battery Additives Market | Analysis 2019-2031

Battery Additives Market Introduction

The battery additives market is characterized by a lengthy testing process to meet regulatory compliances, high R&D costs for new technologies such as lithium-ion, the difficulty of bringing new technologies to market, and competitive pressures from incumbent suppliers. Further, high dependency on related market dynamics such as electric vehicles implementation has impacted several start-ups and even some major companies performance to a certain extent. However, developed countries across the globe are planning to achieve full implementation of ‘zero-emission’ EV and PEV electric vehicles in next few years which is anticipated to create new market opportunities for prominent players offering battery additives.

Market Dynamics

Increasing demand for high-performance and durable batteries for portable device application is growing popularity of lithium-ion at a healthy rate. Additionally, it is influencing lithium-ion battery manufacturers to use advanced battery additives in their batteries to meet the consumer needs. This, in turn, is projected to expand the global battery additives market size at a significant rate. In addition, increasing uptake of lithium-ion batteries in electric vehicle and other applications due to growing environment safety awareness among consumers and manufacturers is anticipated to have a positive impact on the global battery additives market growth. However, lack of support infrastructure for electric vehicles especially in emerging counties and strict regulations associated with usage of lead-acid batteries are anticipated to impede the battery additives market growth.

Market Scope

The global battery additives market is segmented based on type, application, and region.

By type, the battery additives market is analyzed across porous additives, conductive additives, and nucleating additives segments. Based on application, the battery additives market is segmented into lithium-ion battery, lead acid battery, and other applications. The lithium-ion battery segment is bifurcated into electric vehicle, portables devices, and other applications. Additionally, the lead acid battery segment is analyzed across industrial, automotive, and other applications sub-segments. Based on region, the battery additives market is analyzed across six major geographies such as North America, Eastern Europe, Latin America, Western Europe, Middle East and Africa, and Asia Pacific. In Asia Pacific region, China is the major battery producer owing to increase in consumer spending and rising output from the manufacturing industry, with supportive energy regulations introduced by major governments. Additionally, India is projected to become a lucrative market in terms of spending on battery additives. Moreover, the demand for battery additives in European countries and the US has increased at a healthy rate owing to the introduction of electric vehicles.

Battery Additives Market Competitive Landscape

Key companies in the battery additives market are aimed at introducing advanced battery additives to improve their product performance. Further, battery additives manufacturers are focused on acquiring leading players and expand their regional presence in order to enhance their capabilities and gain a competitive edge in the market. Prominent players analyzed in the battery additives industry are 3M, ALTANA, Borregaard, Cabot Corporation, Hammond Group, HOPAX, IMERYS, Orion Engineered Carbons, PENOX, and SGL Group among others.

Major Regions/Countries include:

• North America
  • United States
  • Canada

• Western Europe
  • Germany
  • United Kingdom
  • Spain
  • France
  • Italy
  • Rest of Western Europe

• Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe

• Asia Pacific (APAC)
  • Japan
  • China
  • India
  • ASEAN
  • Australia
  • Rest of Asia-Pacific

• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

• Middle East and Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of MEA

This research report on battery additives market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.