Sulfation is one of the main issues that are faced by the batteries that is caused due to the accumulation formed due to the crystals formed by the working of the batteries. Sulfation erodes the battery's ability to charge and discharge, thus leading to its malfunctioning. To avoid this situation, battery additives are used that are helpful in avoiding sulfation. Battery additives are also helpful in avoiding the shading sedimentation that is observed at the bottom of the battery. The use of battery additives improves battery performance and also proves successful in extending battery life by almost 100%. People are now inclined towards the use of electric vehicles which will prove to be beneficial to the battery additives market globally.
MARKET DYNAMICS
The battery additives market is assumed to grow in the forecast owing to the increasing demand for Li-ion batteries. The high adoption of Hev, PHEV, and Ev in the automotive industry and the growing investments in renewable energy applications have boosted the battery additives market. However, the underdeveloped support infrastructures for electric vehicles might restrict the growth of the battery additives market. On the other hand, the technical advancements in the Li-ion based batteries are likely to showcase growth opportunities for the battery additives market during the forecast period.
MARKET SCOPE
The "Global Battery Additives Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of battery additives market with detailed market segmentation by type, applications, and geography. The global battery additives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading battery additives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global battery additives market is segmented on the basis of type, and applications. Based on type, the market is segmented conductive additive, porous additive, nucelating additive, and others. On the basis of applications, the market is segmented as lead-acid, Li-ion, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global battery additives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The battery additives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting battery additives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the battery additives market in these regions.
MARKET PLAYERS
The reports cover key developments in the battery additives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from battery additives market are anticipated to lucrative growth opportunities in the future with the rising demand for battery additives in the global market. Below mentioned is the list of few companies engaged in the battery additives market.
The report also includes the profiles of key battery additives companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- 3M
- ALTANA
- Borregaard
- Cabot Corporation
- Hammond Group
- HOPAX
- IMERYS
- Orion Engineered Carbons
- PENOX
- SGL Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.