Industry Background:
Battery coating refers to a technique of thin-film deposition used to enhance and protect the electrochemical performance of cathode and anode powder in the battery. The coating is one of the core technologies in the manufacturing of batteries. The specific material is coated on the substrate function as anode and cathode and separator for isolating them in the battery coating. Battery coatings provide extended battery life, fast cycling (recharging) rates. Battery coating is nowadays a core technology used to increase the life of the battery, increase capacity and increase fast charge acceptance. Apart from this batter coatings are also aimed at reducing wear and tear of battery.This growth is primarily driven by Increasing Use of Battery Powered Electronic Devices Like Smartphones and Laptops and Rapidly Growing Demand for Electric Vehicles.
Globally, a noticeable market trend is evident High R&D Spending on Battery Coating Technology
. Major Vendors, such as APV Engineered Coatings (United States), Arkema SA (France), Mitsubishi Paper Mills Ltd. (Japan), Solvay SA (Belgium), Tanaka Chemical Corporation (Japan), Asahi Kasei Corporation (Japan), NEI Corporation (United States), Targray Technology International Inc. (Quebec), Alteo Group (Canada), Nano One Materials Corp. (Canada) and PPG Industries (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2021, Forge Nano, the leading-edge materials corp. announced development of work on coating graphite anode material from Waxona using Forge Nano’s proprietary Atomic Layer Deposition (ALD) technology which is designed for battery coatings. According to Forge Nano; this ALD technology can be used to apply the atomic-scale coating, which is specifically designed to optimize the performance of anode materials.
Market Drivers
- Increasing Use of Battery Powered Electronic Devices Like Smartphones and Laptops
- Rapidly Growing Demand for Electric Vehicles
Market Trend
- High R&D Spending on Battery Coating Technology
- Introduction of NanoBolt Lithium Tungsten Batteries
Restraints
- High Cost of Manufacturing Units
Opportunities
Increasing Use of Batteries in Developing Nations and Growing Demand for Graphene Batteries
Challenges
Rapid Pace of Changing Technologies in Battery Coating and Lack of Skilled Workers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Battery Coating Study Sheds Light on
— The Battery Coating Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Battery Coating industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Battery Coating industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.