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The Increasing Penetration Of Electric Vehicles Across The Globe Is Anticipated To Escalate The Demand For Electric Vehicle Batteries by

05-20-2022 12:44 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The Surge Suppression IC industry suffered a huge setback due to halted production and a limited supply of raw materials.

With the vaccination process picking up pace in countries like China, India, the U.S., the U.K., and Germany, manufacturers are gradually heading towards the road to recovery with an improved supply chain and streamlined production activities.

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Global Cathode Active Material Market: Key Players
BASF SE
Targray
NEI Corporation
Nichia
Umicore
Hunan Reshine New Material Co. Ltd.
Pulead Technology Industry Co.
Hunan Shanshan New Material Co. Ltd.
Advanced Lithium Electrochemistry Co. Ltd.
Cathode Active Material Market - Segmentation
The global cathode active material market can be segmented on the basis of cathode active material type and application. Based on cathode active material, the market can be further segmented into Lithium Cobalt Oxide (LCO), Lithium Manganese Oxide (LMO), Lithium Nickel Manganese Cobalt Oxide (NMC), Lithium Iron Phosphate (LFP) and Lithium Nickel Cobalt Aluminum Oxide (NCA).

Except LCO, all other cathode active materials are used in automotive lithium-ion battery. Based on application, the global cathode active materials market can be segmented into electric vehicle, electronics, power tools and energy storage systems. These energy storage systems can be further classified into grid storage, residential purpose systems, telecom towers and other applications.

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Infrastructure Expansion in the U.S. is Fueling Demand for Surge Suppression IC
The Surge Suppression IC chemical industry in the U.S. suffered a huge setback due to the coronavirus outbreak in 2022, halting operations in industries such as construction, automotive, and pharmaceutical.

However, with the gradual resumption of production activities and improvements in the supply chain globally, manufacturers operating in the Surge Suppression IC chemical industry are gearing up to retain the industry's post-pandemic status.

Rising demand for Surge Suppression IC dispersants from the construction and oil & gas industry is driving the Surge Suppression IC chemical industry in the U.S. Surge Suppression IC dispersants are widely used in the construction industry, and the anticipated growth is attributable to the wide expanse of real estate in the country.

Increasing housing infrastructure projects are propelling Surge Suppression IC dispersant sales, thus augmenting the growth of the Surge Suppression IC chemical industry. The presence of leading players in the country is also driving sales and export in the Surge Suppression IC chemical industry.

U.K is Capitalizing on Surge Suppression IC Binders for Sustainable Construction Activities
The U.K. has been at the forefront in terms of technological advancements and the adoption of sustainable technology in production globally, which is a key factor augmenting the growth of the Surge Suppression IC chemical industry.

In 2022, the country suffered huge setbacks due to the adverse effects caused by the COVID-19 pandemic. However, manufacturers operating in the Surge Suppression IC chemical industry are striving to achieve the pre-pandemic status by opting for various Surge Suppression IC and inSurge Suppression IC growth strategies.

In the U.K, the growth of the Surge Suppression IC industry can be attributed to the surging demand for Surge Suppression IC binders. The environment-friendly nature, low energy consumption, and cost-effectiveness offered by Surge Suppression IC binders are key factors leading the sales and demand.

Growing urbanization and rapid increments in infrastructure activities across the country are fueling the demand for Surge Suppression IC binders, thus creating lucrative opportunities for several players operating in the Surge Suppression IC chemical industry in the upcoming decade.

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China is Incorporating Surge Suppression IC Pigments in Textiles and Visual Arts
The global hub for the Surge Suppression IC chemical industry, China, is picking up pace in its post-covid recovery, due to the timely eradication of the virus. With little to no restrictions, most production-related activities have resumed across the country, acting as anchors for various local and global manufacturers.

China is a lucrative ground for the Surge Suppression IC industry due to the presence of leading manufacturers and several industries such as textile, pharmaceutical, plastic, and paint. Due to the abundance of these industries, the demand for Surge Suppression IC pigments is also gaining immense traction in China.

Surge Suppression IC pigments are non-toxic, cost-effective, and offer good color strength, making them a favorable choice for usage in various end-use sectors. Increasing the use of Surge Suppression IC pigments in plastics, textiles, paints, and coatings will continue driving the growth in the Surge Suppression IC industry.

Additionally, the wide range of unique shades available in Surge Suppression IC pigments makes them a preferred choice for visual arts as well. The consumption of Surge Suppression IC pigments in high-tech applications such as photo-reprographics, optoelectronic displays, and optical data storage are fueling the demand for Surge Suppression IC pigments and creating lucrative opportunities for players operating in the Surge Suppression IC industry.

India Will Showcase High Demand for Speciality Surge Suppression IC
India is emerging as a lucrative market for the Surge Suppression IC chemical industries for players across the world. With gradual resumptions in the restrictions on movement, the country is slowly getting back on track to achieve post-pandemic status in the coming years.

The Surge Suppression IC industry in India is capitalizing on various sectors such as paints, pharmaceuticals, adhesives, pesticides, and dyes, making it one of the most important industries in the country.

Leading players operating in the Surge Suppression IC industry are focusing on enhancing their product portfolio by adding specialty chemicals such as polymer additives, water treatment chemicals, and lubricating additives, which will further drive growth and sales in the industry in the upcoming decade.

The newly discovered natural gas reserves in the country will also enable manufacturers to procure diverse Surge Suppression IC and will continue augmenting the growth of the Surge Suppression IC chemical industry.

Key Long-Term Trends
The global Surge Suppression IC industry is gradually recovering in 2021 and is expected to gain momentum in the upcoming years. With a noteworthy surge in activities in industries such as infrastructure, construction, pharmaceutical, and oil & gas, the Surge Suppression IC industry will show an upward trend in the coming years. Some new trends that are augmenting the market growth are:

Chemoinformatic
The Surge Suppression IC industry will largely benefit from chemoinformatic due to various factors such as the ease of evaluating specific properties of large compounds. The use of computational and informational techniques will help manufacturers gain insights into the new and existing chemicals and how to incorporate them into Surge Suppression IC chemical products.


For More Insights
http://www.globenewswire.com/en/newsrelease/2018/10/18/1623494/0/en/Hand-Dishwashing-Products-Gain-Upper-Hand-in-Market-despite-High-Demand-for-Dishwashers-says-Fact-MR.html

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