Battery Coating Market worth $658 million by 2027 | Key players Arkema SA, Solvay SA, Asahi Kasei Corp, Mitsubishi Paper Mills, Ube Industries

According to recent market research the "Battery Coating Market by Battery Component (Electrode Coating, Separator Coating, Battery Pack Coating), Material Type (PVDF, Ceramic, Alumina, Oxide, Carbon), and Region (Asia Pacific, North America, Europe, ROW) - Global Forecast to 2027", the battery coating market is projected to grow from USD 329 million in 2022 to USD 658 million by 2027, at a CAGR of 14.9% from 2022 to 2027. The market growth is driven by the high production of EVs, HEVs, and PHEVs and the growing demand for smart devices and other consumer electronics.

Browse 211 market data Tables and 54 Figures spread through 264 Pages and in-depth TOC on "Battery Coating Market - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/battery-coating-market-24757097.html

By battery component, electrode coating segment is projected to witness the highest growth rate during the forecast period due to the increasing demand for electrode coatings in lithium-ion batteries for use in electric vehicles (EVs).

By material type, the PVDF segments projected to witness the highest growth rate during the forecast period. PVDF (polyvinylidene fluoride) is a good organic coating choice for traditional polyolefin separators due to its special functional group structure. The growth of this segment is due to the increasing use of PVDF in battery coatings, especially for lithium-ion batteries that go into EVs.

The graphene battery segment is projected to witness the highest growth rate during the forecast period due to its increasing demand in various end-use industries such as consumer electronics, automotive, industrial, and power.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24757097

The battery coating market is projected to grow from USD 329 million in 2022 to USD 658 million by 2027, at a CAGR of 14.9% from 2022 to 2027. The growth of the market is driven by the increasing demand for plug-in vehicles, smart devices, other consumer electronics, and rising demand for batteries in energy storage systems. The rising need for sustainable and high-performance batteries has led to innovations and technological advances in battery materials, providing opportunities for the further growth of the market.

Companies such as Arkema SA (France), Solvay SA (Belgium), Asahi Kasei Corporation (Japan), Ube Industries Ltd. (Japan), and PPG Industries, Inc. (US) fall under the winners' category. These are leading players in the face mask market, globally. These players have adopted the strategies of expansions, agreements, contracts, partnerships, acquisitions, and collaborations, to fulfill the rising demand for face masks on the regional as well as global levels.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=24757097

In February 2022, Solvay SA invested USD 336 million to support fully integrated and digitalized PVDF operation which is expected to increase capacity at Solvays site in Tavaux, France.

In June 2021, Arkema SA announced a major innovation with the launch of its new sustainable Kynar PVDF range. These new grades are expected to be 100% renewable which is attributed to the carbon derived from crude tall oil bio-feedstock, according to a mass balance approach.

In December 2021, PPG Industries, Inc. announced an investment worth USD 2.7 million to expand its powder coatings manufacturing capabilities at its facility in Sumaré, in the Brazilian state of São Paulo. The project is expected to increase the plant's production capacity for powder coatings by approximately 40%, beginning the third quarter of 2022.

In June 2020, NEI Corporation introduced three new products, further expanding its product line of Battery Electrode Sheets. The new materials cater the rising need in the industry for high performance cathode and anode electrodes for lithium and lithium-ion batteries. The three new products are NANOMYTE BE-70E, NANOMYTE BE-150E, and NANOMYTE BE- 400E.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/battery-coating.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/battery-coating-market.asp

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.