- Conductive Additive
- Porous Additive
- Nucleating Additive
Battery Additives Market size was valued at USD 2.0 billion in 2022 and is expected to reach USD 3.7 billion by 2029, at a CAGR of 9.4% from 2023-2029. Some of the key factors fuelling the market growth include increasing investments in renewable energy, growing demand for li-ion batteries in consumer electronics applications, rising demand for li-ion batteries in consumer electronics applications, high demand for Li-Ion batteries in consumer electronics applications, advancements in battery technology and the penetration of battery additives in the end-use industries and initiatives taken by governments to promote the use of alternative fuel vehicles. However, stringent safety issues related to batteries and regulations and safety issues related to lead acid batteries are some major factors hindering the market growth. Further, technological advancements provides huge growth opportunity for the market growth. Global battery additives market is surging owing to frequent acquisitions and launchings by the market players.
Battery Additives Market Key Development:
- For Instance, In February 2016, Cabot Corporation launched a new conductive additive, LITX 300, for Li-ion battery applications. 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.
- On March 01, 2022, Cabot Corporation completed the acquistion of Tokai Carbon (Tianjin) Co., Ltd from Tokai Carbon Group. The acquisition expands Cabot’s manufacturing capacity to support the growth of its Battery Materials product line, while continuing to serve existing carbon black customers. On December 01, 2021, Cabot Corporation announced it has signed a Memorandum of Understanding (MOU) with IFF Health and Biosciences for the development and commercialization of sustainable reinforcing additives for rubber products. IFF will exclusively work together to accelerate the advancement of innovative solutions that reduce greenhouse gas emissions and increase the amount of renewable bio-based content in rubber products.
Global Battery Additives Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
9.4%
Largest Market
North-America
Fastest Growing Market
Asia-Pacific
Battery Additives Market Dynamics
Lithium-ion batteries seem to be all the rage. That is commonly because of the varied places that the battery can be deployed. From a small smartphone battery to large sophisticated batteries used in electric automobiles, lithium-ion batteries have found a lot of takers. Recent improvements in consumer electronics technologies. Owing to the many remarkable properties of Li-ion batteries such as high energy density, consumer electronics manufacturers prefer these over other batteries. The high demand for consumer electronics is a result of the changing lifestyle, expanding middle-class population, and a shift to smart electronic devices. This, in turn, is expected to drive the demand for lithium-ion batteries. Moreover, increasing awareness among consumers towards clean energy is driving demand for energy storage systems, which is likely to positively influence lithium ion batteries.
Asia-Pacific Got Significant Share
Battery Additives Market Regional Analysis
Asia Pacific accounted for larger revenue share in global battery additives market with considerable CAGR. The growth in this region is due to rising demand for battery additives is high in developing economies such as India and China. High demand in portable devices and electric vehicles applications and growing population are other factors responsible for market growth. North America held substantial market share during estimated period as there is a huge growth in automotive industry and rise in the calendar life batteries. U.S is the major is the major contributor for the growth of the market in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- Global battery additives market expanding at significant CAGR over 2023 to 2029 due to increasing investments in renewable energy
- Based on type, conductive additive segment accounted for larger market revenue share in 2022 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global Battery Additives market
Global Battery Additives Market Segmentation
By Type
By Application
- Lead Acid
- Portable Devices
- Electric Vehicles
- Industrial
- Others
- Li-ion
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa (MEA)
Frequently Asked Questions
The battery additives market size was valued at USD 2.0 billion in 2022.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
The battery additives market key players are: Cabot Corporation (US), 3M (US), IMERYS (France), Orion Engineered Carbons (Luxembourg), Hammond Group (US), SGL Carbon (Germany), Borregaard (Norway), HOPAX (Taiwan), PENOX (Germany), ALTANA (Germany)
| 1. Executive Summary |
| 2. Global Battery Additives Market Introduction |
| 2.1.Global Battery Additives Market - Taxonomy |
| 2.2.Global Battery Additives Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3. Global Battery Additives Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Battery Additives Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Battery Additives Market By Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Conductive Additive |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Porous Additive |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Nucleating Additive |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Battery Additives Market By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Lead Acid |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Portable Devices |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electric Vehicles |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Industrial |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Li-ion |
| 6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Battery Additives Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Battery Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Conductive Additive |
| 8.1.2.Porous Additive |
| 8.1.3.Nucleating Additive |
| 8.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Lead Acid |
| 8.2.2.Portable Devices |
| 8.2.3.Electric Vehicles |
| 8.2.4.Industrial |
| 8.2.5.Others |
| 8.2.6.Li-ion |
| 8.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Battery Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Conductive Additive |
| 9.1.2.Porous Additive |
| 9.1.3.Nucleating Additive |
| 9.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Lead Acid |
| 9.2.2.Portable Devices |
| 9.2.3.Electric Vehicles |
| 9.2.4.Industrial |
| 9.2.5.Others |
| 9.2.6.Li-ion |
| 9.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Battery Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Conductive Additive |
| 10.1.2.Porous Additive |
| 10.1.3.Nucleating Additive |
| 10.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Lead Acid |
| 10.2.2.Portable Devices |
| 10.2.3.Electric Vehicles |
| 10.2.4.Industrial |
| 10.2.5.Others |
| 10.2.6.Li-ion |
| 10.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Battery Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Conductive Additive |
| 11.1.2.Porous Additive |
| 11.1.3.Nucleating Additive |
| 11.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Lead Acid |
| 11.2.2.Portable Devices |
| 11.2.3.Electric Vehicles |
| 11.2.4.Industrial |
| 11.2.5.Others |
| 11.2.6.Li-ion |
| 11.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Battery Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Conductive Additive |
| 12.1.2.Porous Additive |
| 12.1.3.Nucleating Additive |
| 12.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Lead Acid |
| 12.2.2.Portable Devices |
| 12.2.3.Electric Vehicles |
| 12.2.4.Industrial |
| 12.2.5.Others |
| 12.2.6.Li-ion |
| 12.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1. Cabot Corporation (US) |
| 13.2.2. 3M (US) |
| 13.2.3. IMERYS (France) |
| 13.2.4. Orion Engineered Carbons (Luxembourg) |
| 13.2.5. Hammond Group (US) |
| 13.2.6. SGL Carbon (Germany) |
| 13.2.7. Borregaard (Norway) |
| 13.2.8. HOPAX (Taiwan) |
| 13.2.9. PENOX (Germany) |
| 13.2.10. ALTANA (Germany) |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- Cabot Corporation (US)
- 3M (US)
- IMERYS (France)
- Orion Engineered Carbons (Luxembourg)
- Hammond Group (US)
- SGL Carbon (Germany)
- Borregaard (Norway)
- HOPAX (Taiwan)
- PENOX (Germany)
- ALTANA (Germany)