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Global Battery Additive Market by Type (Conductive Additive, Nucleating Additive, Porous Additive), Product (Electrolyte Additives, Expander Mixes, Seeding Material), Application - Forecast 2023-2030

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  • 193 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 4995299
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The Battery Additive Market size was estimated at USD 2.23 billion in 2022, USD 2.45 billion in 2023, and is expected to grow at a CAGR of 9.90% to reach USD 4.76 billion by 2030.

Battery additives are chemical compounds introduced into a battery's electrolytic solution or electrode materials to enhance the battery's performance, efficiency, and longevity. Battery additives can impact a range of battery characteristics, including charge capacity, cycle life, rate capability, safety, and storage stability. Significant investments in the production of lead-acid and lithium-ion batteries have improved the demand for battery additives in recent years. In addition, the elevated demand for electric vehicles (EVs) and renewable energy storage systems is propelling the demand for battery additives. Stricter environmental regulations and a heightened global focus on sustainability are accelerating the shift towards more efficient and long-lasting batteries. However, the fluctuating availability and cost of raw materials due to supply chain disruptions can negatively affect the battery additives market. Disposal and recycling of batteries pose environmental and health risks, potentially resulting in stringent regulations that could slow down the penetration of battery additives. Nevertheless, technological advancements in battery design and energy densities, along with the declining cost of lithium-ion batteries, also catalyze the usage of battery additives. Furthermore, the growing proliferation of portable electronics contributes to a sustained demand for advanced battery additives.

Regional Insights

The battery additives market in the Americas is rapidly developing due to the strong focus on electric vehicle production and renewable energy storage systems. Customer purchasing behavior is primarily driven by the demand for high-performance and long-lasting batteries, fueling research and investment in advanced additive technologies in the Americas. European Union (EU) countries exhibit a high demand for battery additives, propelled by stringent environmental regulations and the push for a green economy. Consumer needs in the EMEA are geared towards eco-friendly and recyclable battery components in alignment with the EU's Circular Economy Action Plan. The demand for battery additives is emerging in the Middle East, with solar energy storage systems and the nascent electric mobility sector. The Asia Pacific region represents a significant share of the global battery additives market due to the establishment of the battery manufacturing sector, substantial investments in EV infrastructure, and the burgeoning renewable energy sector. The rapid adoption of electric vehicles, portable electronics, and large-scale energy storage solutions drives consumer needs for battery additives in Asia-Pacific.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Battery Additive Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Battery Additive Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Battery Additive Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Battery Solution International Ltd., Borregaard ASA, BYK-Chemie GmbH, Cabot Corporation, Daikin Industries, Ltd., Evonik Industries AG, Hammond Group, Inc., Hitachi, Ltd., Hollingsworth & Vose Company, Huawei Technologies Co., Ltd., IMERYS S.A., LG Chem Ltd., Manish Enterprises, OCSiAl, Orion Engineered Carbons S.A., PENOX Group GmbH, Prostaff Co. Ltd., Samsung SDI Co., Ltd., SGL Carbon SE, SK Chemicals, Solvay S.A., Sumitomo Seika Chemicals Company, Limited, Taiwan Hopax Chemicals Mfg. Co., Ltd., Talga Group Ltd., Tokyo Chemical Industry Co., Ltd., Toray Industries, Inc., US Research Nanomaterials, Inc., and Vibrantz Technologies.

Market Segmentation & Coverage

This research report categorizes the Battery Additive Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Conductive Additive
    • Nucleating Additive
    • Porous Additive
  • Product
    • Electrolyte Additives
    • Expander Mixes
      • EFB, AGM & Gel-type Batteries
      • High Charge Acceptance Batteries
      • SLI Batteries
      • Stationary Batteries
      • Traction Batteries
    • Seeding Material
  • Application
    • Lead Acid Battery
      • Automotive
      • Industrial Power Storage
    • Lithium-Ion Battery
      • Electric Vehicles
      • Industrial
      • Portable Devices
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Battery Additive Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Battery Additive Market?
  3. What are the technology trends and regulatory frameworks in the Battery Additive Market?
  4. What is the market share of the leading vendors in the Battery Additive Market?
  5. Which modes and strategic moves are suitable for entering the Battery Additive Market?

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Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Battery Additive Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing Availability and Lowering Cost of Li-Ion Batteries
5.1.1.2. High Penetration of EV with Increasing Government Support for Green Revolution
5.1.1.3. Increasing Demand for Long Battery Life and Storage Stability in Consumer Electronics
5.1.2. Restraints
5.1.2.1. Safety Issues Related to Battery
5.1.3. Opportunities
5.1.3.1. Emergence of Advancements and New Launches in Battery Additives
5.1.3.2. Rising Focus on Renewable Energy with Upsurge in the Investments
5.1.4. Challenges
5.1.4.1. Limitations Associated with the Battery Additive Materials
5.2. Market Segmentation Analysis
5.2.1. Type: Growing usage of conductive additives for high power applications
5.2.2. Product: Expanding role of expander mixes to preserve the active material's porosity and electrical conductivity
5.2.3. Application: Rapid adoption of battery additives in lithium-ion batteries for energy storage and power delivery solutions
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Battery Additive Market, by Type
6.1. Introduction
6.2. Conductive Additive
6.3. Nucleating Additive
6.4. Porous Additive
7. Battery Additive Market, by Product
7.1. Introduction
7.2. Electrolyte Additives
7.3. Expander Mixes
7.4.1. EFB, AGM & Gel-type Batteries
7.4.2. High Charge Acceptance Batteries
7.4.3. SLI Batteries
7.4.4. Stationary Batteries
7.4.5. Traction Batteries
7.4. Seeding Material
8. Battery Additive Market, by Application
8.1. Introduction
8.2. Lead Acid Battery
8.3.1. Automotive
8.3.2. Industrial Power Storage
8.3. Lithium-Ion Battery
8.4.1. Electric Vehicles
8.4.2. Industrial
8.4.3. Portable Devices
9. Americas Battery Additive Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Battery Additive Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Battery Additive Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Agreement, Collaboration, & Partnership
12.3.1.1. Aether Industries Partners With Global Lithium Ion Battery Producer to Foray Into Electrolyte Additives Segment
12.3.2. New Product Launch & Enhancement
12.3.2.1. Orion Launches Conductive Additive for EV Batteries & Consumer Applications
12.3.3. Investment & Funding
12.3.3.1. Cabot Corporation Plans to Invest in U.S. Conductive Carbon Additives Capacity for Electric Vehicle Lithium-ion Battery Applications
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. 3M Company
13.1.2. Battery Solution International Ltd.
13.1.3. Borregaard ASA
13.1.4. BYK-Chemie GmbH
13.1.5. Cabot Corporation
13.1.6. Daikin Industries, Ltd.
13.1.7. Evonik Industries AG
13.1.8. Hammond Group, Inc.
13.1.9. Hitachi, Ltd.
13.1.10. Hollingsworth & Vose Company
13.1.11. Huawei Technologies Co., Ltd.
13.1.12. IMERYS S.A.
13.1.13. LG Chem Ltd.
13.1.14. Manish Enterprises
13.1.15. OCSiAl
13.1.16. Orion Engineered Carbons S.A.
13.1.17. PENOX Group GmbH
13.1.18. Prostaff Co. Ltd.
13.1.19. Samsung SDI Co., Ltd.
13.1.20. SGL Carbon SE
13.1.21. SK Chemicals
13.1.22. Solvay S.A.
13.1.23. Sumitomo Seika Chemicals Company, Limited
13.1.24. Taiwan Hopax Chemicals Mfg. Co., Ltd.
13.1.25. Talga Group Ltd.
13.1.26. Tokyo Chemical Industry Co., Ltd.
13.1.27. Toray Industries, Inc.
13.1.28. US Research Nanomaterials, Inc.
13.1.29. Vibrantz Technologies
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
List of Figures
FIGURE 1. BATTERY ADDITIVE MARKET RESEARCH PROCESS
FIGURE 2. BATTERY ADDITIVE MARKET SIZE, 2022 VS 2030
FIGURE 3. BATTERY ADDITIVE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. BATTERY ADDITIVE MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. BATTERY ADDITIVE MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. BATTERY ADDITIVE MARKET DYNAMICS
FIGURE 7. BATTERY ADDITIVE MARKET SIZE, BY TYPE, 2022 VS 2030 (%)
FIGURE 8. BATTERY ADDITIVE MARKET SIZE, BY TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. BATTERY ADDITIVE MARKET SIZE, BY PRODUCT, 2022 VS 2030 (%)
FIGURE 10. BATTERY ADDITIVE MARKET SIZE, BY PRODUCT, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. BATTERY ADDITIVE MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)
FIGURE 12. BATTERY ADDITIVE MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS BATTERY ADDITIVE MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 14. AMERICAS BATTERY ADDITIVE MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES BATTERY ADDITIVE MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 16. UNITED STATES BATTERY ADDITIVE MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC BATTERY ADDITIVE MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC BATTERY ADDITIVE MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA BATTERY ADDITIVE MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA BATTERY ADDITIVE MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. BATTERY ADDITIVE MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 22. BATTERY ADDITIVE MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • 3M Company
  • Battery Solution International Ltd.
  • Borregaard ASA
  • BYK-Chemie GmbH
  • Cabot Corporation
  • Daikin Industries, Ltd.
  • Evonik Industries AG
  • Hammond Group, Inc.
  • Hitachi, Ltd.
  • Hollingsworth & Vose Company
  • Huawei Technologies Co., Ltd.
  • IMERYS S.A.
  • LG Chem Ltd.
  • Manish Enterprises
  • OCSiAl
  • Orion Engineered Carbons S.A.
  • PENOX Group GmbH
  • Prostaff Co. Ltd.
  • Samsung SDI Co., Ltd.
  • SGL Carbon SE
  • SK Chemicals
  • Solvay S.A.
  • Sumitomo Seika Chemicals Company, Limited
  • Taiwan Hopax Chemicals Mfg. Co., Ltd.
  • Talga Group Ltd.
  • Tokyo Chemical Industry Co., Ltd.
  • Toray Industries, Inc.
  • US Research Nanomaterials, Inc.
  • Vibrantz Technologies

Methodology

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Table Information