Global Battery Coating Market Set To Surge With 16.4% CAGR Through 2030
Report Metric | Details |
Base year considered | 2024 |
Forecast period considered | 2025-2030 |
Base year market size | $1.9 billion |
Market size forecast | $4.6 billion |
Growth rate | CAGR of 16.4% from 2025 to 2030 |
Segments covered | Battery Component, Battery Type, Material Type, Technology, End Use, and Region |
Regions covered | North America, Europe, Asia-Pacific and Rest of the World (RoW) |
Market drivers |
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Interesting fact:
- The growing revolution in graphene battery coatings is creating new revenue avenues for the battery coating industry. Graphene batteries are mainly used in aerospace, railways, and defense vehicles.
- The key battery coating producers have strategically established their production capacities and application centers in, as well as created partnerships with EV-producing countries. The key EV-producing countries, namely China, the U.S., South Korea, Japan, Germany, and Canada, are the potential buyers of battery coatings in the global market.
Emerging startups:
- Zenova Group Plc is a U.K.-based chemical and coatings-producing company Established in 2021, the company designs chemicals and coatings specifically for lithium battery packs and consumer electronics. The key consumers of Zenova products are transportation, battery producers, power generation companies, consumer electronics producers, and commercial properties.
- VKP HFFR Pvt. Ltd. is an emerging India based start-up. The company designs coatings specifically for battery polymers and battery packs, and is developing protective coatings for automotive engineering plastics, thermoset resins, thermoplastic resins, epoxy, and wood applications.
- FireSafe Zone Inc. is a U.S.-based specialty chemical company that produces coatings for thermal insulation, structural steel protection, moisture damage, and fireproofing. The company produces protective battery coatings specifically for the electronics and wearables industries. The company focuses on scientific research on intumescent and thermal insulation coatings.
The report addresses the following questions:
What are the projected size and growth rate of the market?- The global battery coatings market is projected to grow from $1.9 billion in 2024 to $4.6 billion by the end of 2030 at a compound annual growth rate (CAGR) of 16.4% during the forecast period.
- The key factors driving the growth of the battery coatings market include:
- Rising demand for EVs. Expansion of ESS.
- The challenges of the battery coatings market include:
- Compatibility issues. Issues related to recycling and reparability.
- The opportunities of the battery coatings market include:
- Sustainable and bio-based battery coatings. Growth in battery applications.
- The battery coatings market is segmented on the basis of material types, battery component types, battery types, technology types, and end-use industries. By material type, it is segmented into carbon, alumina, polyvinylidene fluoride (PVDF), ceramic, oxide, and others. By battery component type, it is segmented into electrodes, battery packs, and separators. By battery type, it is segmented into lithium-ion, lead-acid, graphene, nickel-cadmium, and others. By technology type, it is segmented into atomic layer deposition, plasma-enhanced chemical vapor deposition, chemical vapor deposition, dry powder coating, physical vapor deposition, and others. End-use industries are segmented into transportation, energy and power, consumer electronics, and medical and healthcare.
- The transportation sector will be the dominant end-use industry over the forecast period.
- Asia-Pacific holds the largest share of the market, due to the presence of a wide range of battery coating manufacturers, the presence of battery producers, the availability of battery components, distribution networks, EV producers, and favorable government initiatives. Furthermore, leading battery coating producers are focusing on the Asia-Pacific region and trying to enter the Chinese, Japanese, and South Korean markets. Key battery-producing companies such as CATL, BYD, CALB, Panasonic, Samsung, and SVOLT are dominating the battery market and creating surging demand for battery coatings in the Asia-Pacific region during the forecast period.
Market leaders include:
- APV ENGINEERED COATINGS ARKEMA ASAHI KASEI CORP. AXALTA COATING SYSTEMS LLC BASF NEI CORP. PPG INDUSTRIES INC. SOLVAY TARGRAY UBE CORP.
Related reports:
High-performance Ceramic Coatings: Global Markets and Technologies : This report provides a comprehensive analysis of the global high-performance ceramic coatings market, segmented by product type, technology, distribution channel, end use, and region. The product types include oxide, carbide, nitride, and others, while technologies are categorized into thermal spray, physical vapor deposition, chemical vapor deposition, and others. Distribution channels are divided into OEM and aftermarket. End-use industries span automotive and transportation, aerospace, industrial, power and energy, medical, and others. The market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World.
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