Global Battery Additives Market Overview:
Battery additives are substances or gadgets that raise the performance of the batteries and grow their working life. The batteries additives are sought after attributable to their long life. These batteries are utilized in auto electric vehicles, to build the life expectancy of vehicle batteries. The principal part of a lithium-ion battery is the positive electrode, the negative terminal, electrolyte, and separator. Adding additives substances to the electrolyte of lithium-ion batteries has significantly worked on the qualities and greatness of the electrolyte, just as the arrangement of the SEI film. Hence, in the profoundly aggressive lithium-ion battery market, lithium-ion battery electrolyte makers will decide to add additives substances to the electrolyte. These additives are improving cycle life, improving safety, and improving transmission characteristics based on efficacy.
Growth Drivers
- Increasing investments in renewable energy
- The growing demand for Li-ion batteries in consumer electronics like laptops, mobile, etc.
Roadblocks
- Nonavailability of technology advancement in emerging countries
- Risks associated with failure of batteries
Opportunities
- The technological developments in the Li-Ion batteries
- Development of batteries with full proof safety concerns
Challenges
- Safety concerns regarding the lead-acid batteries
- Stringent government rules and regulations of different nations
Competitive Landscape:
The leading players in the market are developing new technology that is a safe and long-lasting performance provider. The companies are investing in the technology and with the other companies make a strategic partnership to gain a competitive advantage and deliver quality to the end-user.
Some of the key players profiled in the report are Borregaard (Norway), HOPAX (Taiwan), PENOX (Germany), ALTANA (Germany), Cabot Corporation (United States), 3M (United States), IMERYS (France), Orion Engineered Carbons (Luxembourg), Hammond Group (United States) and SGL Carbon (Germany). Additionally, following companies can also be profiled that are part of our coverage like Re-Tron Technologies, Inc. (United States), MSC Industrial Direct Co., Inc. (United States), Atomized Products Group Inc. (United States), TCI America (United States) and Total Battery (Canada). Analyst at AMA Research see United States Vendors to retain maximum share of Global Battery Additives market by 2027. Considering Market by By End User, the sub-segment i.e. Automotive Industry will boost the Battery Additives market.
Latest Market Insights:
On 3 Sept 2019, Imerys, a global leader in graphite & carbon solutions, announces that it will expand its synthetic graphite production capacity to face a growing demand for its specialty products with a specific focus on lithium-ion batteries. This investment is the first of a series of capacity expansion projects the Group envisages to support and accompany the expected strong growth of the electric vehicle market worldwide.
On 17 Mar 2021, Imerys announces a new investment to support the fast-growing market of lithium-ion batteries for electric vehicles. Imerys, a global leader in graphite & carbon solutions, announces that it will expand its carbon black production capacity at its plant in Willebroek, Belgium, to meet the increasing demand for its specialty conductive additives in particular for lithium-ion batteries. With a unique portfolio of natural and synthetic graphite powders, conductive carbon blacks, and tailor-made dispersions, Imerys will continue to develop innovative materials for safer and higher-performing batteries in close cooperation with the leading lithium-ion battery producers in the world.
What Can be Explored with the Battery Additives Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Battery Additives Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Battery Additives
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Battery Additives market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Battery Additives market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industrial Associations, Automotive Dealers, Electronic Supplier Companies, Government Regulatory Authorities, Technology Suppliers and Technology Research Institutions.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.