Close Lucintel Chat
Didn't Find What You're Looking for?
Call us at +1972 636 5056 or write at helpdesk@Lucintel.com
Ask an Expert Provide Custom Requirements Download Sample Report Search Available Reports
  • helpdesk@Lucintel.com
  • |
  • Call Lucintel +1 972 636 5056
  • |
  • Login
  • |
  • Register
  • |
  • Search
  • |
'
...

The Impact of COVID-19 is included in Battery Additive Market. Buy it today to get an advantage.

Request the impact of COVID-19 on your product or industry


Battery Additive Market Trends and Forecast

The future of the battery additive market looks promising with opportunities in lead-acid, li-ion, and other battery applications. The global battery additive market is expected to reach an estimated $3.1 billion by 2030 with a CAGR of 8.8% from 2024 to 2030. The major drivers for this market are increasing demand for lithium-ion batteries in electric vehicle and energy storage applications; and increasing usage of additives to increase storage stability, safety, and improve the performance of batteries.
  • Lucintel forecasts that lead acid will remain the largest application segment during the forecast period due to growing usage of lead-acid batteries in the automotive and industrial sectors.
  • Conductive additives will remain the largest type segment due to the high usage of conductive additives for manufacturing of lead acid and lithium ion batteries for enhancement of conductivity.
  • Asia Pacific will remain the largest region by value and volume over the forecast period due to the increasing demand for portable devices and electric vehicles. Government regulations towards fuel emission and tax benefits and subsidies to promote electric vehicles will drive the demand for the lithium ion battery market.

Battery Additive Market by Type, Application, and Material
 

Asia Pacific will remain the largest region in the battery additive market

  • China: In 2023, CATL invested $5 billion in a new battery facility, focusing on electric vehicle (EV) batteries and advanced additives. The government introduced a subsidy program for solid-state batteries in 2022.
  • Japan: Panasonic partnered with a Japanese automaker in 2023 to develop high-capacity EV batteries, emphasizing research into innovative additives. The government launched a research initiative in 2022 for next-gen battery tech.
  • South Korea: LG Chem developed lithium-ion batteries with improved additives for EVs and storage systems in 2023. Samsung SDI initiated a battery recycling project in 2022.
  • India: Tata Chemicals invested in a facility for lithium-ion battery materials, including additives, in 2023. The government introduced incentives for advanced battery material production in 2022.
  • Australia: A consortium received funding for battery material research in 2023. Energy Renaissance expanded lithium-ion battery production with a focus on additives in 2022.

Emerging Trends in the Battery Additive Market

Emerging trend which have a direct impact on the dynamics of the industry, include next generation dioxolone additives for high energy lithium-ion batteries and performance carbon additives for high performance batteries.
A total of 107 figures / charts and 68 tables are provided in this 205-page report to help in your business decisions. A sample figure with insights is shown below. 
Battery Additive Market by Segments

Battery Additive Market by Segment

The study includes a forecast for the global battery additive market by type, application, material, and region as follows:


Battery Additive Market by Type [Volume (Tons) and $M shipment analysis for 2018 – 2030]:

Battery Additive Market by Application [Volume (Tons) and $M shipment analysis for 2018 – 2030]:

Battery Additive Market by Material [Volume (Tons) and $M shipment analysis for 2018 – 2030]:

Battery Additive Market by Region [Volume (Tons) and $M shipment analysis for 2018 – 2030]:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • The United Kingdom
    • France
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
  • The Rest of the World

List of Battery Additive Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies battery additive companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the battery additive companies profiled in this report includes.

Recent Developments in the Battery Additive Market

  • In March 2021, Imerys, a global leader in graphite and carbon solutions, announced that it would expand its carbon black production capacity at its plant in Willebroek, Belgium, to meet the increasing demand for its specialty conductive additives in particular for lithium-ion batteries.
  • In November 2021, Cabot Corporation announced that had entered a definitive agreement to acquire Tokai Carbon (Tianjin) Co., Ltd from Tokai Carbon Group for $9 million. As the growth of electric vehicles has led to rapid development in lithium-ion batteries, conductive carbon black additives play a key role in battery chemistry to increase the range and cycle life of lithium-ion batteries. The carbon black manufacturing facility was commissioned in 2006 and is located near Cabot’s current carbon black and specialty compounds facility in Tianjin, China. The acquisition is expected to support the growth of Cabot’s Battery Materials product line, while continuing to serve existing carbon black customers. The site currently has the capacity to produce up to 50,000 metric tons of carbon black annually, and Cabot plans to invest in upgrading the capabilities to produce battery grades.
  • In April 2020, Cabot Corporation announced that it has completed its previously announced acquisition of Shenzhen Sanshun Nano New Materials Co., Ltd (SUSN) for approximately $115 million. The business was integrated into Cabot’s Performance Chemicals Segment. With this acquisition, Cabot became the only carbon additive supplier with commercially proven carbon black, CNT, carbon nanostructure, and dispersion capabilities.
Features of Battery Additive Market
  • Market Size Estimates: Battery additive market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
  • Segmentation Analysis: Market size by type, application, and material.
  • Regional Analysis: Battery additive market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different type, application, material, and regions for the battery additive market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the battery additive market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the battery additive market size?
Answer: The global battery additive market is expected to reach an estimated $3.1 billion by 2030.     
Q2. What is the growth forecast for battery additive market?
Answer: The battery additive market is expected to grow at a CAGR of 8.8% from 2024 to 2030.          
Q3. What are the major drivers influencing the growth of the battery additive market?
Answer: The major drivers for this market are increasing demand for lithium ion batteries in consumer electronics and automotive industries and increasing usage of additives to increase storage stability, safety, and improve the performance of batteries.
Q4. What are the major applications or end use industries for battery additive?
Answer: Lithium-ion and lead acid are the major applications for battery additive.
Q5. What are the emerging trends in battery additive market?
Answer: Emerging trend which have a direct impact on the dynamics of the industry include next generation dioxolone additives for high energy lithium-ion batteries and performance carbon additives for high performance batteries.    
Q6. Who are the key battery additive companies?
Answer: Some of the key battery additive companies are as follows:
  • Cabot Corporation
  • 3M
  • IMERYS
  • Orion Engineered Carbons
  • Hammond Group
  • SGL Carbon
  • Borregaard
  • HOPAX
  • PENOX
  • ALTANA
Q7.Which battery additive product segment will be the largest in future?
Answer: Lucintel forecasts that conductive additives will remain the largest type segment due to the high usage of conductive additives for manufacturing of lead acid and lithium ion batteries for enhancement of conductivity.
Q8: In battery additive market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years 
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 What are some of the most promising potential, high growth opportunities for the global battery additive market by type (conductive additive, porous additive, and nucleating additive), application (lead acid, li-ion, and others), material (carbon black, graphite, CNT, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to battery additive market or related to battery additive market share, battery additive market analysis, and battery additive market size, write to Lucintel analysts at helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
 
2. Global Battery Additive Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1: Macroeconomic Trends and Forecasts
3.2: Global Battery Additive Market Trends and Forecast
3.3: Global Battery Additive Market by Type
3.3.1: Conductive
3.3.2: Porous
3.3.3: Nucleating and Others
3.4: Global Battery Additive Market by Application
3.4.1: Lithium-ion
3.4.2: Lead Acid
3.4.3: Others
3.5: Global Battery Additive Market by Material
3.5.1: Carbon Black
3.5.2: Graphite
3.5.3: CNT
3.5.4: Others

4. Market Trends and Forecast Analysis by Region
4.1: Global Battery Additive Market by Region
4.2: North American Battery Additive Market
4.2.1: Market by Type: Conductive, Porous, and Nucleating and Others
4.2.2: Market by Application: Lithium-ion, Lead Acid, and Others
4.2.3: United States Battery Additive Market
4.2.4: Canadian Battery Additive Market
4.2.5: Mexican Battery Additive Market
4.3: European Battery Additive Market
4.3.1: Market by Type: Conductive, Porous, and Nucleating and Others
4.3.2: Market by Application: Lithium-ion, Lead Acid, and Others
4.3.3: French Battery Additive Market
4.3.4: United Kingdom Battery Additive Market
4.3.5: German Battery Additive Market
4.3.6: Italian Battery Additive Market
4.4: APAC Battery Additive Market
4.4.1: Market by Type: Conductive, Porous, and Nucleating and Others
4.4.2: Market by Application: Lithium-ion, Lead Acid, and Others
4.4.3: Chinese Battery Additive Market
4.4.4: South Korean Battery Additive Market
4.4.5: Japanese Battery Additive Market
4.4.6: Indian Battery Additive Market
4.5: ROW Battery Additive Market
4.5.1: Market by Type: Conductive, Porous, and Nucleating and Others
4.5.2: Market by Application: Lithium-ion, Lead Acid, and Others

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Battery Additive Market by Type
6.1.2: Growth Opportunities for the Global Battery Additive Market by Application
6.2.3: Growth Opportunities for the Global Battery Additive Market by Material
6.1.4: Growth Opportunities for the Global Battery Additive Market by Region
6.2: Emerging Trends in the Global Battery Additive Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers and Acquisitions
6.3.3: Capacity Expansion

7. Company Profiles of Leading Players
7.1: Cabot Corporation
7.2: 3M
7.3: IMERYS
7.4: Orion Engineered Carbons
7.5: Hammond Group
7.6: SGL Carbon
7.7: Borregaard
7.8: HOPAX
7.9: PENOX
7.10: ALTANA
.

Buy full report or by chapter as follows

Price by License Type:
[-] Hide Chapter Details
[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Battery Additive Market: Trends, Forecast and Competitive Analysis Full Report $ 4,850
107 figures / charts and 68 tables are provided in this 205-page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

Please sign in below to get report brochure - Battery Additive Market.

At Lucintel, we respect your privacy and maintain the confidentiality of information / data provided by you
(Please enter your corporate email. * These fields are mandatory )
Have an Account / Returning Visitors?