Battery Additives Market, By Type (Porous, Conductive, and Nucleating), By Application (Lithium-ion

Published Date: | Report Code : CH1942745

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The Global Battery Additives Market is expected to promise high growth owing to the increasing demand for li-ion batteries in consumer electronic applications in recent years. Increasing demand from applications including a lithium-ion battery, lead-acid battery, and others are expected to drive the growth of the market.

As batteries function, the chemical process causes crystals to accumulate (sulfation). These crystals slowly erode the battery’s ability to charge and discharge, and cause the battery’s output capacity to decrease over time. Moreover, shading of the battery plate coating occurs in the battery due to the chemical process. Due to shading, sedimentation occurs at the bottom of the battery, which causes the battery to short circuit. Battery additives allow normal batteries to achieve optimal performance and extend the battery life for refurbished batteries by, almost, 100%. If the battery is maintained well during its operational life, the effect of additives will be more significant and increase battery life.

Segment Insights

Based on the application, the lead-acid segment accounted for the largest share of the battery additives market. Lead-acid batteries are traditional batteries used in automotive to start the engine, backup power supplies for telephone and computer centers, grid energy storage, and off-grid household electric power systems. Lead-acid batteries are also used in emergency lighting and to power up pumps in case of power failure. However, the demand for lithium-ion batteries is expected to grow significantly, as these batteries are widely used in various applications, including smartphones, tablets, laptops, wearable devices, and other home applications. Moreover, with the increase in the disposable income and high penetration of smartphones globally, the market for Li-ion batteries is expected to expand. Battery additives used in the li-ion batteries increase storage stability, safety, and improves the performance of batteries.

The Asia Pacific is anticipated to lead the battery additives market during the forecast period, owing to the high demand for battery additives in developing economies, such as China and India. The growth of the battery additives market in the Asia Pacific region can be attributed to their high demand in portable devices and electric vehicle applications. Furthermore, increasing population and growing end-user industries have led to the growth of the battery additives market in the region.

This market in North America and Europe is expected to witness growth due to the high adoption of electric vehicles to counter environmental degradation.

Key Factors Impacting Market Growth:

  • Increasing demand for li-ion batteries in consumer electronic applications
  • High adoption of hybrid electric vehicles (HEV), plug-in electric vehicles (PHEV), and electric vehicles
  • Increasing investments in renewable energy
  • Underdeveloped support infrastructure for electric vehicles
  • Stringent safety issues related to batteries

Key Developments:

  • In October 2015, LG Chem Ltd (South Korea) completed the construction of its new battery manufacturing plant for electronic vehicles in Nanjing, China.
  • In February 2016, Cabot Corporation (US) launched a new conductive additive, LITX 300, for Li-ion battery. This new additive is easy to disperse as well as incorporate in the Li-ion battery manufacturing process. It also improves conductivity, flexibility, and shelf life of Li-ion batteries.
  • In October 2016, LG Chem (South Korea) inaugurated an automotive battery manufacturing plant in Poland to expand and strengthen its market presence.
  • In January 2017, IMERYS (France) started manufacturing graphite in Namibia, 13 months after the new Otjiwarongo mine became operational. This was to cater to the increasing demand for graphite, as the sales of electric and hybrid vehicles increased significantly in the previous year.
  • In November 2018, Orion Engineered Carbons (Luxembourg) acquired acetylene carbon black manufacturer, Société du Noir d’Acétylène de l’Aubette. This acquisition added acetylene carbon black to its product portfolio, which is used for Li-ion batteries and high-end electrical cables manufacturing.

Regional Analysis

On the basis of the region, the battery additives market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing the number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

 The Asia Pacific and the Middle East are expected to register substantial growth in the battery additives market during the forecast period. This demand is with regard to the growth of major applications such as lithium-ion batteries, lead-acid batteries, and others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the battery additives market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the battery additives market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: 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 

Market Segmentation:

By Type:

  • Porous
  • Conductive
  • Nucleating

By Application:

  • Lithium-ion Battery
  • Lead acid Battery
  • Others

By End-use Industry:

  • Automotive
  • Electronics
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
    • By End-Use Industry
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Type
    • By Application
    • By End-Use Industry
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Type
    • By Application
    • By End-Use Industry
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Type
    • By Application
    • By End-Use Industry
  • Rest of the World
    • By Region (Latin America, Brazil, Rest of the World)
    • By Type
    • By Application
    • By End-Use Industry

Reasons to Buy This Report:

  • Market size estimation of the global battery additives market on regional and global basis
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  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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