Battery Additives Market by Type (Conductive Additive, Porous Additive, and Nucleating Additive), Application (Lead Acid and Li-ion), and Region (APAC, Europe, North America, South America, and the Middle East & Africa) - Global Forecast to 2023

  • ID: 4753735
  • Report
  • Region: Global, Africa, Asia Pacific, East Africa, Europe, Middle East, North America, United States
  • 100 Pages
  • Markets and Markets
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The Battery Additives Market Size is Estimated at USD 1.2 Billion in 2018 and is Projected to Reach USD 1.8 Billion by 2023

FEATURED COMPANIES

  • 3M
  • ALTANA
  • Borregaard
  • Cabot Corporation
  • Hammond Group
  • HOPAX
  • MORE

“The battery additives market is projected to register a CAGR of 9.0%, in terms of value, between 2018 and 2023.”

The battery additives market size is estimated at USD 1.2 billion in 2018 and is projected to reach USD 1.8 billion by 2023. The growth of this market is attributed to the increasing investments in renewable energy. Another factor driving the battery additives market is the growing demand for Li-ion batteries in consumer electronics and high adoption of HEV, PHEV, and EV in the automotive industry. However, underdeveloped support infrastructure for EVs and stringent safety issues related to batteries are restraining the growth of the battery additives market. Technological advancements in Li-ion batteries are providing growth opportunities for battery additives manufacturers.

“Lead acid application to be the largest segment of the battery additives market, in terms of value.”

The lead acid segment was the largest application of battery additives in 2017. It is the most widely used application in industries such as automotive, consumer electronics, and industrial. The most common use of lead acid batteries is for starting, lighting, and ignition (SLI) in automobiles and other vehicles with internal combustion engines. They are also used in standby applications such as telecommunication, burglar, fire alarms, and emergency lighting.

“The Electric Vehicles sub-application is projected to register a higher CAGR during the forecast period.”

The EVs segment is projected to be the fastest-growing sub-application in the Li-ion segment of the battery additives market during the forecast period. The demand for EVs in the automotive industry is rising as it offers better efficiency and clean and sustainable fuel. In addition, governments are promoting the adoption of alternative fuel vehicles to reduce the dependence on oil imports. Additionally, innovation and technology advancements in Li-ion batteries are the key opportunities for the market players. All major players are investing in R&D of battery additives. This has led to various improvements in batteries in terms of higher power output and energy density, quick charging, more safety, and longer shelf life, which is increasing the demand for EVs, globally.

“APAC is projected to be the largest battery additives market, in terms of value, during the forecast period.”

The APAC battery additives market is projected to register the highest CAGR during the forecast period. This growth is mainly driven by high demand in portable devices and electric vehicles applications. Rising population and growing end-use industries have led to innovation and development, making APAC an important industrial hub, globally. High growth and innovation along with industry consolidations are expected to lead to the rapid growth of the market in APAC.

This study was validated through primary interviews conducted with various industry experts worldwide. The primary sources were divided into three categories, namely, company type, designation, and region.

  • By Company Type - Tier 1: 25%, Tier 2: 50%, and Tier 3: 25%
  • By Designation - C Level: 30%, Director Level: 20%, and Others: 50%
  • By Region - APAC: 30%, Europe: 25%, North America: 20%, South America-15%, and the Middle East & Africa-10%

The report profiles several leading players of the battery additives market that include Cabot Corporation (US), 3M (US), IMERYS (France), Orion Engineered Carbons (Luxembourg), Hammond Group (US), SGL Carbon (Germany), Borregaard (Norway), HOPAX (Taiwan), PENOX (Germany), and ALTANA (Germany).. The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the battery additives market.

Research Coverage:

The report offers insights into the battery additives market in the key regions. It aims at estimating the size of the battery additives market during the forecast period and projects future growth of the market across the application, sub-application, and region segments. The report also includes an in-depth competitive analysis of the key players in the battery additives market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help leaders/new entrants in the battery additives market by providing them with the closest approximations of revenues for the overall market and its various sub-segments. This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies. The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities affecting the growth of the battery additives market.

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FEATURED COMPANIES

  • 3M
  • ALTANA
  • Borregaard
  • Cabot Corporation
  • Hammond Group
  • HOPAX
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Battery Additives Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Battery Additives Market
4.2 Battery Additives Market, By Application
4.3 Battery Additives Market, By Major Countries
4.4 APAC Battery Additives Market, By Application and Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Li-Ion Batteries in Consumer Electronics Applications
5.2.1.2 High Adoption of Hev, Phev, and Ev in the Automotive Industry
5.2.1.3 Increasing Investments in Renewable Energy
5.2.2 Restraints
5.2.2.1 Underdeveloped Support Infrastructure for EVs
5.2.2.2 Stringent Safety Issues Related to Batteries
5.2.3 Opportunities
5.2.3.1 Technological Advancements in Li-Ion Batteries
5.2.4 Challenges
5.2.4.1 Regulations and Safety Issues Related to Lead Acid Batteries
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry

6 Battery Additives Market, By Type
6.1 Introduction
6.2 Conductive Additive
6.3 Porous Additive
6.4 Nucleating Additive

7 Battery Additives Market, By Application
7.1 Introduction
7.2 Lithium-Ion Battery
7.2.1 Portable Devices
7.2.1.1 Better Performance and Durability of Li-Ion Battery to Drive the Demand in the Portable Devices Application
7.2.2 Electric Vehicles
7.2.2.1 Increasing Environmental Awareness About the Use of Li-Ion Battery in EVs to Increase the Demand for Battery Additives
7.2.3 Industrial
7.2.3.1 Improved Efficiency of Li-Ion Batteries in Construction and Mining Equipment to Fuel the Demand for Battery Additives
7.2.4 Others
7.3 Lead Acid Battery
7.3.1 Automotive
7.3.1.1 Growing Production of Automobiles to Drive the Battery Additives Market
7.3.2 Industrial
7.3.2.1 Improved Mechanical and Electrical Properties of Lead Acid Battery are Boosting the Battery Additives Market
7.4 Others

8 Battery Additives Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 Increasing Consumption of Electronic Devices is Governing the Market Growth
8.2.2 Canada
8.2.2.1 Government Initiatives are Likely to Boost the Demand for Battery Additives
8.2.3 Mexico
8.2.3.1 Increasing Demand for Li-Ion Batteries is Triggering the Growth of the Market
8.3 APAC
8.3.1 China
8.3.1.1 Rising Demand for Electric Vehicles is Contributing to the Market Growth
8.3.2 India
8.3.2.1 High Growth of the Automotive Industry is Propelling the Market
8.3.3 Japan
8.3.3.1 Growth of Various End-Use Industries is Spurring the Market
8.3.4 South Korea
8.3.4.1 Rapid Economic Expansion in South Korea to Fuel Market Growth
8.3.5 Malaysia
8.3.5.1 Increasing Consumer Electronics to Boost the Demand for Battery Additives
8.3.6 Taiwan
8.3.6.1 Growing Demand for Li-Ion Batteries to Augment the Market Growth
8.3.7 Indonesia
8.3.7.1 Increasing Demand for Passenger Cars to Drive the Demand for Battery Additives
8.3.8 Rest of APAC
8.4 Europe
8.4.1 Germany
8.4.1.1 Increasing Investments in Battery Production are Offering Opportunities for Battery Additives Manufacturers
8.4.2 France
8.4.2.1 Rising Use of Battery Additives in the Automotive Industry is Driving the Market
8.4.3 UK
8.4.3.1 Growing EVs Sector is Boosting the UK Market
8.4.4 Italy
8.4.4.1 Innovations in the Battery Industry are Expected to Stimulate Market Growth
8.4.5 Netherlands
8.4.5.1 Innovations in EVs to Drive the Battery Additives Market
8.4.6 Norway
8.4.6.1 Growing Consumer Electronics Industry is Driving the Market
8.4.7 Spain
8.4.7.1 Increasing Demand From the Automotive Industry to Drive the Demand for Battery Additives
8.4.8 Rest of Europe
8.5 South America
8.5.1 Brazil
8.5.1.1 Rise in the Number of Battery Production Facilities is Boosting the Market
8.5.2 Argentina
8.5.2.1 Growth of the Automotive Industry is A Driving Factor for the Market
8.5.3 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.1.1 Increase in the Number of Vehicles is Driving the Market
8.6.2 South Africa
8.6.2.1 Automotive, Electronics, and Chemical Industries are Driving the Market
8.6.3 Rest of the Middle East & Africa

9 Competitive Landscape
9.1 Overview
9.2 Competitive Leadership Mapping
9.2.1 Visionary Leaders
9.2.2 Innovators
9.2.3 Dynamic Differentiators
9.2.4 Emerging Companies
9.3 Competitive Benchmarking
9.3.1 Strength of Product Portfolio
9.3.2 Business Strategy Excellence
9.4 Ranking of Key Players, 2018
9.5 Competitive Scenario
9.5.1 Expansion
9.5.2 Acquisition
9.5.3 New Product Launch

10 Company Profiles
10.1 Cabot Corporation
10.1.1 Business Overview
10.1.2 Products Offered
10.1.3 Recent Developments
10.1.4 SWOT Analysis
10.1.5 MnM View
10.2 Hammond Group
10.2.1 Business Overview
10.2.2 Products Offered
10.2.3 Recent Developments
10.2.4 SWOT Analysis
10.2.5 MnM View
10.3 Orion Engineered Carbons
10.3.1 Business Overview
10.3.2 Products Offered
10.3.3 Recent Developments
10.3.4 SWOT Analysis
10.3.5 MnM View
10.4 IMERYS
10.4.1 Business Overview
10.4.2 Products Offered
10.4.3 Recent Developments
10.4.4 SWOT Analysis
10.4.5 MnM View
10.5 3M
10.5.1 Business Overview
10.5.2 Products Offered
10.5.3 SWOT Analysis
10.5.4 MnM View
10.6 ALTANA
10.6.1 Business Overview
10.6.2 Products Offered
10.7 Borregaard
10.7.1 Business Overview
10.7.2 Products Offered
10.8 HOPAX
10.8.1 Business Overview
10.8.2 Products Offered
10.8.3 Recent Developments
10.9 PENOX
10.9.1 Business Overview
10.9.2 Products Offered
10.10 SGL Group
10.10.1 Business Overview
10.10.2 Products Offered

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Subscription Portal
11.3 Available Customizations
11.4 Related Reports

List of Tables
Table 1 Battery Additives Market Size, By Application, 2016-2023 (USD Million)
Table 2 Battery Additives Market Size in Li-Ion Application, By Region, 2016-2023 (USD Million)
Table 3 Battery Additives Market Size in Lead Acid Application, By Region, 2016-2023 (USD Million)
Table 4 Battery Additives Market Size in Other Applications, By Region, 2016-2023 (USD Million)
Table 5 Battery Additives Market Size, By Region, 2016-2023 (USD Million)
Table 6 North America: By Market Size, By Country, 2016-2023 (USD Million)
Table 7 North America: By Market Size in Li-Ion Application, By Country, 2016-2023 (USD Million)
Table 8 North America: By Market Size in Li-Ion Application, By Sub Application, 2016-2023 (USD Million)
Table 9 North America: By Market Size in Lead Acid Application, By Country, 2016-2023 (USD Million)
Table 10 North America: By Market Size in Lead Acid Application, By Sub Application, 2016-2023 (USD Million)
Table 11 North America: By Market Size in Other Applications, By Country, 2016-2023 (USD Million)
Table 12 US: By Market Size, By Application, 2016-2023 (USD Million)
Table 13 Canada: By Market Size, By Application, 2016-2023 (USD Million)
Table 14 Mexico: By Market Size, By Application, 2016-2023 (USD Million)
Table 15 APAC: By Market Size, By Country, 2016-2023 (USD Million)
Table 16 APAC: By Market Size in Li-Ion Application, By Country, 2016-2023 (USD Million)
Table 17 APAC: By Market Size in Li-Ion Application, By Sub Application, 2016-2023 (USD Million)
Table 18 APAC: By Market Size in Lead Acid Application, By Country, 2016-2023 (USD Million)
Table 19 APAC: By Market Size in Lead Acid Application, By Sub Application, 2016-2023 (USD Million)
Table 20 APAC: By Market Size in Other Applications, By Country, 2016-2023 (USD Million)
Table 21 China: By Market Size, By Application, 2016-2023 (USD Million)
Table 22 India: By Market Size, By Application, 2016-2023 (USD Million)
Table 23 Japan: By Market Size, By Application, 2016-2023 (USD Million)
Table 24 South Korea: By Market Size, By Application, 2016-2023 (USD Million)
Table 25 Malaysia: By Market Size, By Application, 2016-2023 (USD Million)
Table 26 Taiwan: By Market Size, By Application, 2016-2023 (USD Million)
Table 27 Indonesia: By Market Size, By Application, 2016-2023 (USD Million)
Table 28 Rest of APAC: By Market Size, By Application, 2016-2023 (USD Million)
Table 29 Europe: By Market Size, By Country, 2016-2023 (USD Million)
Table 30 Europe: By Market Size in Li-Ion Application, By Country, 2016-2023 (USD Million)
Table 31 Europe: By Market Size in Li-Ion Application, By Sub Application, 2016-2023 (USD Million)
Table 32 Europe: By Market Size in Lead Acid Application, By Country, 2016-2023 (USD Million)
Table 33 Europe: By Market Size in Lead Acid Application, By Sub Application, 2016-2023 (USD Million)
Table 34 Europe: By Market Size in Other Applications, By Country, 2016-2023 (USD Million)
Table 35 Germany: By Market Size, By Application, 2016-2023 (USD Million)
Table 36 France: By Market Size, By Application, 2016-2023 (USD Million)
Table 37 UK: By Market Size, By Application, 2016-2023 (USD Million)
Table 38 Italy: By Market Size, By Application, 2016-2023 (USD Million)
Table 39 Netherlands: By Market Size, By Application, 2016-2023 (USD Million)
Table 40 Norway: By Market Size, By Application, 2016-2023 (USD Million)
Table 41 Spain: By Market Size, By Application, 2016-2023 (USD Million)
Table 42 Rest of Europe: By Market Size, By Application, 2016-2023 (USD Million)
Table 43 South America: By Market Size, By Country, 2016-2023 (USD Million)
Table 44 South America: By Market Size in Li-Ion Application, By Country, 2016-2023 (USD Million)
Table 45 South America: By Market Size in Li-Ion Application, By Sub Application, 2016-2023 (USD Million)
Table 46 South America: By Market Size in Lead Acid Application, By Country, 2016-2023 (USD Million)
Table 47 South America: By Market Size in Lead Acid Application, By Sub Application, 2016-2023 (USD Million)
Table 48 South America: By Market Size in Other Applications, By Country, 2016-2023 (USD Million)
Table 49 Brazil: By Market Size, By Application, 2016-2023 (USD Million)
Table 50 Argentina: By Market Size, By Application, 2016-2023 (USD Million)
Table 51 Rest of South America: By Market Size, By Application, 2016-2023 (USD Million)
Table 52 Middle East & Africa: By Market Size, By Country, 2016-2023 (USD Million)
Table 53 Middle East & Africa: By Market Size in Li-Ion Application, By Country, 2016-2023 (USD Million)
Table 54 Middle East & Africa: By Market Size in Li-Ion Application, By Sub Application, 2016-2023 (USD Million)
Table 55 Middle East & Africa: By Market Size in Lead Acid Application, By Country, 2016-2023 (USD Million)
Table 56 Middle East & Africa: By Market Size in Lead Acid Application, By Sub Application, 2016-2023 (USD Million)
Table 57 Middle East & Africa: By Market Size in Other Applications, By Country, 2016-Million)78
Table 58 Saudi Arabia: By Market Size, By Application, 2016-2023 (USD Million)
Table 59 South Africa: By Market Size, By Application, 2016-2023 (USD Million)
Table 60 Rest of the Middle East & Africa: By Market Size, By Application, 2016-2023 79
Table 61 Expansion, 2015-2019
Table 62 Acquisition, 2015-2019
Table 63 New Product Launch, 2015-2019

List of Figures
Figure 1 Battery Additives Market: Research Design
Figure 2 Battery Additives Market: Data Triangulation
Figure 3 Lead Acid Application Segment to Account for A Larger Market Share
Figure 4 Electric Vehicles Application Held the Largest Market Share in Li-Ion Segment in 2017
Figure 5 APAC to Register the Highest Cagr in the Battery Additives Market
Figure 6 Growth in the Use of Li-Ion Batteries in Various Industries to Drive the Battery Additives Market31
Figure 7 Lead Acid Application to Dominate the Battery Additives Market
Figure 8 China to Register the Highest Cagr in the Battery Additives Market
Figure 9 Lead Acid Application Segment and China Accounted for the Largest Market Share in 2017
Figure 10 Drivers, Restraints, Opportunities, and Challenges in the Battery Additives Market
Figure 11 Battery Additives Market: Porter’s Five Forces Analysis
Figure 12 Lead Acid Application to Drive the Battery Additives Market
Figure 13 APAC to Dominate the Battery Additives Market
Figure 14 Battery Additives Market in China to Register the Highest Cagr
Figure 15 North America: Battery Additives Market Snapshot
Figure 16 APAC: Battery Additives Market Snapshot
Figure 17 Europe: Battery Additives Market Snapshot
Figure 18 Companies Adopted Both Organic and Inorganic Growth Strategies Between 2015 and 2019
Figure 19 Battery Additives Market: Competitive Leadership Mapping, 2018
Figure 20 Cabot Corporation: Company Snapshot
Figure 21 Cabot Corporation: SWOT Analysis
Figure 22 Hammond Group: Company Snapshot
Figure 23 Hammond Group: SWOT Analysis
Figure 24 Orion Engineered Carbons: Company Snapshot
Figure 25 Orion Engineered Carbons: SWOT Analysis
Figure 26 IMERYS: Company Snapshot
Figure 27 IMERYS: SWOT Analysis
Figure 28 3M: Company Snapshot
Figure 29 3M: SWOT Analysis
Figure 30 ALTANA: Company Snapshot
Figure 31 Borregaard: Company Snapshot
Figure 32 HOPAX: Company Snapshot
Figure 33 PENOX: Company Snapshot
Figure 34 SGL Group: Company Snapshot

Note: Product cover images may vary from those shown
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  • 3M
  • ALTANA
  • Borregaard
  • Cabot Corporation
  • Hammond Group
  • HOPAX
  • IMERYS
  • Orion Engineered Carbons
  • PENOX
  • SGL Group
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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