Battery Additives Market – Global Industry Analysis and Forecast (2023-2029)

Battery Additives Market size was valued at US$ 1.73 Bn in 2022 and is expected to reach US$ 3.31 Bn by 2029 to exhibit a CAGR of 9.7 % during the forecast period.

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.To know about the Research Methodology :- Request Free Sample Report

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

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 2021 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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Global Battery Additives Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.58 Bn.


Forecast Period 2023 to 2029 CAGR:
9.7%
Market Size in 2029:
US $ 3.33 Bn.


 Segments Covered:
by Type
Conductive Additive
Porous Additive
Nucleating Additive


by Application
Lithium-Ion Battery
Lead Acid Battery
Automotive
Industrial
Others


by End User
Electronics
Automotive
Industrial
Others



Battery Additives Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Battery Additives Market Key Players
1. Cabot Corporation
2. Hammond Group
3. Orion Engineered Carbons
4. IMERYS
5. 3M
6. ALTANA
7. Borregaard
8. HOPAX
9. PENOX
10.SGL Group
11.Colonial Chemical Corp
12.US Research Nanomaterials
13.MSC Industrial Supply
14.GETSOME Products
15.Tab-Pro LLC
16.Atomized Products Group
17.Fastenal
18.Battery Equaliser USA
19.OCSiAl
20.Zircon Industries
21.Prince International Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global Battery Additives Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Market?
Ans: The Global Market is growing at a CAGR of 9.7% during forecasting period 2023-2029.

3. What is scope of the Global Battery Additives market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Battery Additives market?
Ans: The important key players in the Global Market are – Cabot Corporation, Hammond Group, Orion Engineered Carbons, IMERYS, 3M, ALTANA, Borregaard, HOPAX, PENOX, SGL Group, Colonial Chemical Corp, US Research Nanomaterials, MSC Industrial Supply, GETSOME Products, Tab-Pro LLC, Atomized Products Group, Fastenal, and Battery Equaliser USA

5. What is the study period of this market?
Ans: The Global Battery Additives Market is studied from 2022 to 2029.