(MENAFN- The Expresswire) Global Battery Additives Market – Industry Trends and Forecast to 2026
Posted on Jan 10 2020 5:56 PM
"Global Battery Additives Market By Type (Conductive Additive, Porous Additive, Nucleating Additive, Sulfur-Containing Additives, Electrolyte Additives, Ionic Liquid Additives, Boron-Containing Additives), Application (Lithium-Ion Battery, Lead Acid Battery, Others), End- User (Electronics, Automotive, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026" "
Global Battery Additives Market By Type (Conductive Additive, Porous Additive, Nucleating Additive, Sulfur-Containing Additives, Electrolyte Additives, Ionic Liquid Additives, Boron-Containing Additives), Application (Lithium-Ion Battery, Lead Acid Battery, Others), End- User (Electronics, Automotive, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) Industry Trends and Forecast to 2026
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Market Analysis: Global Battery Additives Market Global battery additives market is expected to register a substantial CAGR of 9.2% in the forecast period of 2019-2026. Rising adoption of electric vehicles and increasing production of battery additives which is the major factor for the growth of this market.
Market Definition: Global Battery Additives Market Battery additives are used in the battery to improve their performance and efficiency and are usually non- corrosive and non- inflammable compounds. Conductive additive, nucleating additive, boron- containing additive, ionic liquid additive are some of the common type of the battery additive. They are widely used in applications like lithium- ion battery, lead acid battery etc. These battery additives are used in electrodes which act as a medium between anode and cathode. Increasing usage of smartphones and rechargeable batteries are the major factor fuelling the growth of this market.
Market Drivers:
- Rising demand for Li-Ion among consumer will drive the market growth
- Increasing investment in renewable energy is driving the market
- Growing demand for Phev, Ev, Hev in automotive industry will also propel the market
- Technological advancement and development in battery additives will also contribute towards the growth of this market
Market Restraints:
- Lack of developed infrastructure of EV will restrain the market growth
- Strict rules and regulations related to the batteries will also hamper the market
- Increasing safety issues associated with the battery additives will also restrain market
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Segmentation: Global Battery Additives Market By Type
- Conductive Additive
- Porous Additive
- Nucleating Additive
- Sulfur-Containing Additives
- Electrolyte Additives
- Ionic Liquid Additives
- Boron-Containing Additives
By Application
- Lithium-Ion Battery
- Portable Devices
- Electric Vehicles
- Industrial
- Others
- Lead Acid Battery
- Others
End- User
- Electronics
- Automotive
- Others
By Geography
- North America
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Malaysia
- Indonesia
- Thailand
- Philippines
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Egypt
- Saudi Arabia
- United Arab Emirates
- Israel
- Rest of Middle East and Africa
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Key Developments in the Market:
- In November 2018, Orion Engineered Carbons S.A announced that they have acquired Société du Noir d'Acétylène de l'Aubette, SAS so that they can strengthen their company in the lithium- ion battery market and with the help of the skilled team and new technologies they will be able to expand their portfolio as well. This acquisition will also help them to improve their production capabilities and meet the requirement of the customers
- In February 2016, Cabot Corporation announced the launch of their LITX 300 for lithium-ion batteries. It has better storage capacity and high conductivity. For stability they have strong and better electrodes. This new product is part of their portfolio which already consists of LITX 50 and LITX 200 additives which is specially designed for battery cell makers
Competitive Analysis:
Global battery additives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of battery additives market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global battery additives market are Cabot Corporation, Hammond Group, Inc., Orion Engineered Carbons, Imerys, 3M, Altana, Borregaard, HOPAX, PENOX S.A., SGL Carbon, Prince International Corporation, Re-Tron Technologies, Inc., MSC Industrial Direct Co., Inc, Atomized Products Group Inc, TAB-PRO LLC.,Fastenal Company, TCI America, Total Battery., SGL Carbon and others
Research Methodology: Global Battery Additives Market Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
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