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The battery additives market is projected to grow by USD 769.18 million with a CAGR of 12%, during the forecast period 2020 to 2025.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (lead-acid, lithium-ion, and others) and geography (APAC, North America, Europe, MEA, and South America).
The battery additives market report also offers information on several market vendors, including ALTANA AG, Battery Equaliser USA LLC, Borregaard ASA, Cabot Corp., Hammond Group Inc., Imerys, Orion Engineered Carbons SA, PENOX Group GmbH, SGL Carbon SE, and Taiwan Hopax Chemicals Mfg. Co. Ltd. among others.
ALTANA AG - The company offers BYK additives. Through the BYK segment, the company offers additives and instruments to the global coatings, inks, and plastics industries.
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Technavio categorizes the global battery additives market as a part of the global speciality chemicals market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The declining price of li-ion batteries is notably driving the market growth, although factors such as cell chemistry failures may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Battery Additives Market Driver
Key Battery Additives Market Challenge
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Our In-house experts produce extensive information on the value chain and parent market of the battery additives market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
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64% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for battery additives in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The market in APAC will grow at a rapid rate during the forecast period owing to the rise in the adoption of EVs and an increase in the demand for ESSs in utility and motive applications. In APAC, countries such as India, China, Indonesia, Malaysia, the Philippines, and Vietnam are expected to register strong annual growth in nominal disposable personal income. This will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The market share growth by the lead-acid segment will be significant during the forecast period. The segment is growing owing to the increase in industrial and construction activities across the world. The increase in the use of lead-acid batteries in motive applications such as forklifts and locomotives, as well as stationary applications, including UPS systems and energy storage, in renewable energy systems will drive the growth of the segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
Battery Additives Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12% |
Market growth 2021-2025 |
$ 769.18 million |
Market structure |
Fragmented |
YoY growth (%) |
8.80 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 64% |
Key countries |
China, US, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
ALTANA AG, Battery Equaliser USA LLC, Borregaard ASA, Cabot Corp., Hammond Group Inc., Imerys, Orion Engineered Carbons SA, PENOX Group GmbH, SGL Carbon SE, and Taiwan Hopax Chemicals Mfg. Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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