Global battery additives market Future Growth Analysis, Business Demand and Opportunities to 2027 | Cabot Corporation, Hammond Group, Inc., Orion Engineered Carbons, Imerys

Global battery additives market is expected to register a substantial CAGR of 9.2% in the forecast period of 2019-2026. Rising adoption of electric vehicles and increasing production of battery additives which is the major factor for the growth of this market. Few of the major competitors currently working in the global battery additives market are Cabot Corporation, Hammond Group, Inc., Orion Engineered Carbons, Imerys, 3M, Altana, Borregaard, HOPAX, PENOX S.A., SGL Carbon, Prince International Corporation, Re-Tron Technologies, Inc., MSC Industrial Direct Co., Inc, Atomized Products Group Inc, TAB-PRO LLC.,Fastenal Company, TCI America, Total Battery., SGL Carbon and others

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Competitive Analysis:��

Global battery additives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of battery additives market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Developments in the Market:

In November 2018, Orion Engineered Carbons S.A announced that they have acquired Soci�t� du Noir dAcetylene de l'Aubette, SAS so that they can strengthen their company in the lithium- ion battery market and with the help of the skilled team and new technologies they will be able to expand their portfolio as well. This acquisition will also help them to improve their production capabilities and meet the requirement of the customers
In February 2016, Cabot Corporation announced the launch of their LITX 300 for lithium-ion batteries. It has better storage capacity and high conductivity. For stability they have strong and better electrodes. This new product is part of their portfolio which already consists of LITX 50 and LITX 200 additives which is specially designed for battery cell makers

Market Definition: Global Battery Additives Market

Battery additives are used in the battery to improve their performance and efficiency and are usually non- corrosive and non- inflammable compounds. Conductive additive, nucleating additive, boron- containing additive, ionic liquid additive are some of the common type of the battery additive. They are widely used in applications like lithium- ion battery, lead acid battery etc. These battery additives are used in electrodes which act as a medium between anode and cathode. Increasing usage of smartphones and rechargeable batteries are the major factor fuelling the growth of this market.

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Market Drivers:

Rising demand for Li-Ion among consumer will drive the market growth
Increasing investment in renewable energy is driving the market
Growing demand for Phev, Ev, Hev in automotive industry will also propel the market
Technological advancement and development in battery additives will also contribute towards the growth of this market

Market Restraints:

Lack of developed infrastructure of EV will restrain the market growth
Strict rules and regulations related to the batteries will also hamper the market
Increasing safety issues associated with the battery additives will also restrain market

Segmentation: Global Battery Additives Market

By Type

Conductive Additive
Porous Additive
Nucleating Additive
Sulfur-Containing Additives
Electrolyte Additives
Ionic Liquid Additives
Boron-Containing Additives

By Application

Lithium-Ion Battery
Portable Devices
Electric Vehicles
�Industrial
Others
Lead Acid Battery
Automotive
Industrial
Others

End- User

Electronics
Automotive
Others

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Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved

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