Battery Additives Market size was valued at US$ 1.09 Bn in 2017 and is expected to reach US$ 2.55 Bn by 2026 to exhibit a CAGR of 11.2 % during the forecast period.
Global Battery Additives Market
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global battery additives market dynamics, structure by identifying and analyzing the market segments and project the global Market size. Further, the report also focuses on the competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global battery additives market.
The additive treatments may be most operational with older battery models, expanding their life by a few months until a replacement. Current batteries already contain additives that diminish sulfation and corrosion. Industrial users seldom depend on helpful additives to prolong battery life as the system becomes maintenance prone.
In past years, the global lithium-ion battery market has experienced strong growth. This can be attributed to the increasing applications of lithium-ion batteries in the production of electric vehicles and solar electric systems owing to their lightweight, high energy density and small memory impact. The battery electric vehicle is boosting the growth of the market because of the strong interest of private sectors to invest in electric vehicle charging infrastructure globally. Also increasing investments in renewable energy increase market growth.
Underdeveloped support infrastructure for EVs and severe safety issues related to batteries are hampering the progress of the global battery additives market. Rules and safety issues related to lead-acid batteries are the major challenges to the growth of the market. In the global battery additives market is expected to create opportunities owing to technical advancements in Li-ion batteries.
In 2017 the lead-acid application segment held the largest share of the global battery additives market. But lithium-ion battery is expected to grow rapidly during the forecast period owing to the Li-ion batteries are usually used in many applications like smartphones, tablets, laptops, wearable devices, and other home applications. Battery additives used in the Li-ion application upsurge storage stability, safety, and improves the performance of batteries.
According to the global market analysis, the market of Asia Pacific is anticipated to dominate during the upcoming years owing to the high demand for battery additives in developing economies such as China and India. The progress of the battery additives market in the Asia Pacific is mostly compelled by high demand in portable devices and electric vehicles applications. Also increasing population and growing end-user industries have led to invention and improvement, are building the Asia Pacific an industrial center, worldwide is drives the market growth.
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Scope of the Global Battery Additives Market
Global Battery Additives Market, by Type
- Conductive Additive
- Porous Additive
- Nucleating Additive
Global Battery Additives Market, by Application
- Lithium-Ion Battery
- Lead Acid Battery
Global Battery Additives Market, by Region
- North America
- Middle East & Africa
- South America
Key Players operating in the Global Battery Additives Market
- Cabot Corporation
- Hammond Group
- Orion Engineered Carbons
- SGL Group
- Colonial Chemical Corp
- US Research Nanomaterials
- MSC Industrial Supply
- GETSOME Products
- Tab-Pro LLC
- Atomized Products Group
- Battery Equaliser USA
- Zircon Industries
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