The global battery additives market is forecast to reach USD 2,755.0 Million by 2028, according to a new report by Reports and Data. Battery additives are specialty chemicals that are utilized in the manufacturing and maintenance of batteries. During the normal functioning of a battery, the electrodes accumulate crystals also called sulfation. These crystals reduce the ability of the battery to charge, discharge, and depreciates the output of the batteries over time. Shading of battery plates occurs over time, which, in turn, causes sedimentation at the bottom part of the batteries, causing a short circuit. The additive treatments are mostly operational with old battery models, expanding their life by a few months until a replacement is sought for. Current batteries already contain additives that reduce sulfation and internal erosion.
The market for battery additives is influenced by the rising demand for consumer electronics, the evolution of environment friendly chemicals required by the manufacturers of electronic vehicles which creates a heavy demand for batteries. Consumer electronics involve a wide array of products like smartphones, Bluetooth headsets, fitness bands, smart-watches, laptops, and handheld games, among others.
Key participants are 3M Co., Cabot Corporation, Hammond Group, Colonial Chemical Corp., Orion Engineered Carbons, Altana AG, Zircon Industries, Atomized Products Group Inc., Prince International Corporation, and SGL Group, among others.
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The previous-mentioned factors collectively create drivers for the market growth while factors such as unfavorable effects of battery additives pose limitations in the market. These restricting factors include stringent policies regarding the use of hazardous chemicals and the underdeveloped scenario of electric vehicles. Consistent advancements in the electronics and batteries sector owing to innovative efforts have enhanced the efficiency of battery additives.
The population of Asia Pacific has shifted towards the youth, and the purchasing capacity of this population is also increasing. The developing countries are looking at South Korea and China as the global leaders in the battery additives market. These countries consist of over 30% population across the globe, and the application of batteries in this region will experience growth at a very high rate owing to urbanization and demand for electronic products.
For the purpose of this report, Reports and Data have segmented into the global Battery Additives Market on the basis of additive type, application type, end-users, and region:
Additive Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Lithium ion
- Lead acid
- Nickel ion
End-Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- North America
- Asia Pacific
- Latin America
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Key Questions Answered by the Report:
- What are the key revenue growth driving factors of the Battery Additives market over the forecast period?
- Which are the prominent companies in the global Battery Additives market?
- What are the technological advancements and product developments taking place in the Battery Additives market?
- Which region is expected to account for largest revenue share in the global market over the forecast period?
- What are the key outcomes of the SWOT analysis and Porter’s Five Forces analysis?
- What are the key factors expected to restrain market growth over the forecast period?
- What will the market size and growth rate for the Battery Additives market be during the forecast period?
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 – 2028
Chapter 3. Indicative Metrics
Chapter 4. Battery Additives Market Segmentation & Impact Analysis
4.1. Battery Additives Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Increasing investments in renewable energy
126.96.36.199. Growing demand for Li-ion batteries
4.2.3. Market restraints analysis
188.8.131.52. Underdeveloped infrastructure for electric vehicles
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Chapter 5. Battery Additives By Additive Type Insights & Trends
5.1. Additive Type Dynamics & Market Share, 2021 & 2028
5.2.1. Market estimates and forecast, 2018 – 2028 (Kilo Tons) (USD Million)
5.2.2. Market estimates and forecast, By Region, 2018 – 2028 (Kilo Tons) (USD Million)
5.3.1. Market estimates and forecast, 2018 – 2028 (Kilo Tons) (USD Million)
5.3.2. Market estimates and forecast, By Region, 2018 – 2028 (Kilo Tons) (USD Million)
5.4.1. Market estimates and forecast, 2018 – 2028 (Kilo Tons) (USD Million)
5.4.2. Market estimates and forecast, By Region, 2018 – 2028 (Kilo Tons) (USD Million)
5.5.1. Market estimates and forecast, 2018 – 2028 (Kilo Tons) (USD Million)
5.5.2. Market estimates and forecast, By Region, 2018 – 2028 (Kilo Tons) (USD Million)
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