According to the recent study the global Battery Additive Market is projected to reach an estimated $3 billion by 2030 from $2 billion in 2023 at a CAGR of 9% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for lithium-ion batteries in electric vehicle and energy storage applications; and increasing usage of additives to increase storage stability, safety, and improve the performance of batteries.
Browse 107 figures/charts
and 68 tables in this 205-page report to understand trends, opportunities and
forecast in global battery additive market by type (conductive additive, porous
additive, and nucleating additive), application (lead acid, li-ion, and
others), material (carbon black, graphite, CNT, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World).
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Battery Additive
Market.
“Lead acid market is expected to remain the largest segment during
the forecast period.”
Based on application,
the battery additive market is segmented into lead acid, li-ion, and others.
Lucintel forecasts that the lead acid market is expected to remain the largest
segment due to growing usage of lead-acid batteries in the automotive and
industrial sectors.
“Within the battery additive market, the conductive additives
segment is expected to remain the largest type.”
Based on type the
conductive additives segment is expected to witness the highest growth over the
forecast period due to the high usage of conductive additives for manufacturing
of lead acid and lithium ion batteries for enhancement of conductivity.
“Asia pacific will dominate the battery additive market in near
future.”
Asia Pacific will remain
the largest region by value and volume over the forecast period due to the
increasing demand for portable devices and electric vehicles. Government
regulations towards fuel emission and tax benefits and subsidies to promote
electric vehicles will drive the demand for the lithium ion battery market.
Major players of battery
additive market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Cabot Corporation, 3M,
IMERYS, Orion Engineered Carbons, Hammond Group, SGL Carbon, Borregaard, HOPAX,
PENOX, ALTANA are among the major battery additive providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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