Battery Additives Market Research Report – Forecast till 2030

Battery Additives Market: Information by Type (Conductive Additive, Porous Additive, and Nucleating Additive), Application (Li-Ion Batteries, Lead-Acid Batteries), and Region (Asia-Pacific, North America, Europe, Latin America) — Forecast till 2030

ID: MRFR/CnM/6052-HCR | February 2021 | Region: Global | 140 pages

Battery Additives Market

Battery Additives Market is projected to be worth USD 1.9 Billion by 2030, registering a CAGR of 9.1% during the forecast period (2021 - 2030).

Segmentation

By Type Conductive Additive Porous Additive Nucleating Additive
By Application Li-Ion Batteries Lead-Acid Batteries

Key Players

  • Cabot Corporation (US)
  • 3M (US)
  • Imerys (France)
  • Hammond (US)
  • SGL Carbon (Germany)
  • Borregaard (Norway)
  • HOPAX (Taiwan)
  • PENOX (Germany)
  • ALTANA (Germany)

Drivers

  • Growing demand for rechargeable batteries in military and defense
  • rising adoption of electric vehicles
  • and technological advances are adding market growth.
Speak to Analyst Request a Free Sample

Battery Additives Market Synopsis:


The battery additives market is projected to reach USD 1.9 billion by 2030, at a CAGR of 9.1%.
Battery additives are the key components of the batteries, which regulate the functioning of the battery and boost their power performance. Battery additives such as conductive additives, porous additives, and nucleating additives are used in the batteries to increase the charge holding capacity and rate of charging.



Battery Additives Market Overview:


The battery additives are used in different kinds of batteries such as lithium-ion batteries (Li-ion) and Lead-Acid batteries. Lithium-ion batteries are largely used in consumer electronics applications such as mobile phones, smart watches, and rechargeable batteries. They consist of four components, namely electrode, cathode, anode, and separator. Battery additives are used in the electrodes, which act as conducting medium between the cathode and anode. The increasing use of smartphones and rechargeable batteries are contributing to the growth of lithium-ion batteries, which in turn is expected to boost the demand for and sale of battery additives.


In addition, the rising demand for rechargeable batteries for use in military & defense, in remote areas and the areas with the absence of electricity are contributing to the growth of the battery market. This factor is also expected to be the major contributor to the growth of the global battery additives market. Additionally, the increasing adoption of plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and electric vehicle (EVs) in the automotive industry is expected to fuel the growth of the global battery additives market.


Furthermore, technological advancements in the lithium-ion batteries are expected to create growth opportunities for the players operating in the global battery additives market during the forecast period. However, safety issues related to the battery additives are slightly limiting their demand, which it is expected to retrain the growth of the global battery additives market during the review period.


Segmental Analysis:


The battery additives market has been segmented on the basis of type, application, and region.


By type, the battery additives market has been classified into conducting additive, porous additive, and nucleating additive.


Based on application, the battery additives market has been divided into Li-ion batteries and lead-acid batteries. The Li-ion batteries segment is further sub-segmented into industrial application, portable devices, EVs, and others


Market Players:


Cabot Corporation (US), 3M (US), Imerys (France), Hammond (US), SGL Carbon (Germany), Borregaard (Norway), HOPAX (Taiwan), PENOX (Germany), ALTANA (Germany), and US Research Nanomaterials, Inc (US) are some of the major players operating in the global battery additives market.


Global Battery Additives Market, by Application (%)


Battery Additives Market


Source: MRFR Analysis


 


Regional Analysis:


The global battery additives market has been spanned across five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


The Asia-Pacific market for battery additives held the largest share in 2017. The expanding automotive industry is the major factor responsible for the growth of the regional market. The advancements and advantages such as mobility and storage properties of Li-ion batteries and lead-acid batteries are increasing the adoption of these batteries in the automotive industry.


The North American market held the second-largest share of the global battery additives market in 2017, owing to the abundant use of the rechargeable batteries and the Li-ion and lead-acid batteries in the electronics and automotive industries. The regional market is expected to witness significant growth during the review period.


The increasing sale of automobiles and technological advancements in the automotive industry are enhancing the growth of the European market.


The growing use of PHEVs, HEVs, and EVs in the automotive industry is expected to fuel the growth of the Latin American market. Shifting interest toward power cars and power storage batteries is another factor responsible for the growth of battery additives market in the region. The Latin American market is expected to show moderate growth during the forecast period.


The Middle East & Africa is projected to witness steady growth during the forecast period, due to the growing demand for smartphones and other electronic appliances in the region.


Recent Development

December 2021 - Koura is planning to further bolster its presence in the rapidly burgeoning lithium-ion battery sector with the introduction of its latest brand of next generation electrolyte solutions.

Koflyte electrolyte additives as well as co-solvents created by Koura facilitate better performance and higher safety levels in Li-ion batteries. The worldwide soaring demand for batteries in the wake of rising preference for electric vehicles, along with renewable energy and different forms of energy storage are key to the development of these battery additives.

The Koflyte products are at present being developed and will soon be commercialized. Some of these products are polyfunctional ether compounds made for high energy Li-ion batteries as well as cyclic polyether compounds that act as co-solvents to facilitate stable, energy efficient, and safe cycling of the Li-metal anodes with several cathode chemistries.

November 2021 - NEO Battery Materials, with the expertise in battery metals as well as materials, is planning to make use of graphene in its range of batteries as additives. Neo Battery Materials aims to utilize graphene as a conductive battery additive while producing silicon anode materials and consider it a potential component for use as a nanocoating layer to improve cycling durability.

The conductive battery additive can help elevate the electrical conductivity rate of the active material (i.e., silicon and/or graphite) and can be a crucial component coupled with the binder as well as the active material to alter the end-product anode.


Intended Audience:



  • Battery Additives Manufacturers

  • Raw Material Suppliers

  • Li-Ion Battery Manufacturers

  • Lead-Acid Battery Manufacturers

  • Traders and Distributors of Battery Additives

  • Research and Development Laboratories

  • Nationalized Laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 1.9 billion
  CAGR   CAGR of 9.1% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Basis of type, application, and region.
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Cabot Corporation (US), 3M (US), Imerys (France), Hammond (US), SGL Carbon (Germany), Borregaard (Norway), HOPAX (Taiwan), PENOX (Germany), ALTANA (Germany), and US Research Nanomaterials, Inc (US)
  Key Market Opportunities   Technological advancements in the lithium-ion batteries are expected
  Key Market Drivers   Growing demand for rechargeable batteries in military and defense, rising adoption of electric vehicles, and technological advances are adding market growth.


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

The battery additives market is projected to grow at a 9.1% CAGR between 2016-2023.

The battery additives market is predicted to touch USD 1.9 billion by 2023.

The APAC region is expected to dominate the battery additives market.

Growing demand for rechargeable batteries in military and defense, rising adoption of electric vehicles, and technological advances are adding market growth.