Market Overview:
The global battery additives market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for electric vehicles and batteries across the globe. Battery additives are used in various applications such as lithium-ion batteries, nickel cadmium batteries, nickel metal hydride batteries, and others. The use of battery additives helps in improving the performance and life of a battery. The global battery additive market is segmented on the basis of type, application, and region. On the basis of type, it is divided into boron containing additives, sulfur-containing additive carbonate additives ionic liquid additive ,and others .On the basis on application it is classified into lithium-ion battery nickel cadmium batterynickel metal hydride batteryo ers .Region wise ,the market is analyzed across North America Latin America Europe Asia Pacific Middle East & Africa . Some key players operating in this market include BASF SE (Germany), Johnson Matthey plc (U K), Hitachi Chemical Co., Ltd.
Product Definition:
Battery additives are chemicals that are used to improve the performance of batteries. They can help to extend battery life, increase power, and reduce charging time. Additives can be added during the manufacturing process or added to a battery's electrolyte solution.
Boron Containing Additives:
Boron containing additives are used in the manufacturing of borosilicate glass, ceramics and fibers. Boron is an essential element for plant growth & fruiting body in plants. It is also known as the "king" or "queen" element because it can be supplied to many other elements to complete a compound (for example; calcium cannot be supplied alone but with boron it can).
Sulfur-Containing Additive:
Sulfur-containing additive is a chemical compound, which finds application in battery additives. It has the ability to improve the discharge performance of batteries by controlling and stabilizing certain processes that take place during its use.
The global sulfur-containing additive market size was valued at USD 31 million in 2016.
Application Insights:
The lithium-ion battery application segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. The increasing demand for electric vehicles, coupled with rising consumer disposable income levels, is anticipated to drive the industry growth over the coming years.
The nickel metal hydride batteries application segment is expected to grow at a CAGR of XX% from 2017 to 2030 owing to its ability of providing long duration of power storage with high safety levels and low self-discharge rates. Nickel metal hydride batteries are used in applications such as UPS systems, medical equipment and backup power units among others due to their characteristics such as high energy density, excellent cycling performance & long life span which makes it suitable for heavy industrial use at a domestic level also known as grid storage applications.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing demand for advanced batteries in countries such as China and India. In 2016, China accounted for a share of more than 30% in global battery production owing to low manufacturing cost coupled with easy availability of labor and raw materials. This trend is projected to continue over the next eight years, thereby driving product demand across this region.
Europe was estimated as the second-largest regional market in 2017 due to high consumption levels coupled with stringent environmental regulations by several regulatory bodies such as EEA, WSEB and EPA that affect automotive industry operations adversely. However, strict implementation of these regulations may hinder product penetration during 2018 - 2030 period which will result in a limited role for additives on account rising competition from non-battery operated vehicles including plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for battery additives, as they are used to improve the performance and life of batteries in electric vehicles.
- Growing popularity of renewable energy sources: Renewable energy sources such as solar and wind power are becoming increasingly popular due to their environmental benefits. This is leading to an increase in investments in these technologies, which will drive the growth of the battery additives market.
- Rising demand from developing countries: The development of infrastructure and rising disposable income levels are driving the growth of consumer markets in developing countries such as China and India. This will create opportunities for battery additive manufacturers catering to these regions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Additives Market Research Report
By Type
Boron Containing Additives, Sulfur-Containing Additive, Carbonate additives, Ionic liquid additive, Others
By Application
Lithium-Ion Battery, Nickel Cadmium Batteries, Nickel Metal Hydride Batteries, Others
By Companies
Re-Tron Technologies, Prince, Colonial Chemical Corp, US Research Nanomaterials, MSC Industrial Supply, GETSOME Products, Tab-Pro LLC, Atomized Products Group, Fastenal, Battery Equaliser USA, Re-Tron Technologies, Zircon Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Battery Additives Market Report Segments:
The global Battery Additives market is segmented on the basis of:
Types
Boron Containing Additives, Sulfur-Containing Additive, Carbonate additives, Ionic liquid additive, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Lithium-Ion Battery, Nickel Cadmium Batteries, Nickel Metal Hydride Batteries, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Re-Tron Technologies
- Prince
- Colonial Chemical Corp
- US Research Nanomaterials
- MSC Industrial Supply
- GETSOME Products
- Tab-Pro LLC
- Atomized Products Group
- Fastenal
- Battery Equaliser USA
- Re-Tron Technologies
- Zircon Industries
Highlights of The Battery Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Boron Containing Additives
- Sulfur-Containing Additive
- Carbonate additives
- Ionic liquid additive
- Others
- By Application:
- Lithium-Ion Battery
- Nickel Cadmium Batteries
- Nickel Metal Hydride Batteries
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Battery Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Battery additives are chemicals or substances that are added to batteries in order to improve their performance. Some battery additives can help extend the life of a battery, while others can help increase the power and speed of a battery.
Some of the key players operating in the battery additives market are Re-Tron Technologies, Prince, Colonial Chemical Corp, US Research Nanomaterials, MSC Industrial Supply, GETSOME Products, Tab-Pro LLC, Atomized Products Group, Fastenal, Battery Equaliser USA, Re-Tron Technologies, Zircon Industries.
The battery additives market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Additives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Battery Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Additives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Battery Additives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Battery Additives Market Size & Forecast, 2020-2028
4.5.1 Battery Additives Market Size and Y-o-Y Growth
4.5.2 Battery Additives Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Boron Containing Additives
5.2.2 Sulfur-Containing Additive
5.2.3 Carbonate additives
5.2.4 Ionic liquid additive
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Lithium-Ion Battery
6.2.2 Nickel Cadmium Batteries
6.2.3 Nickel Metal Hydride Batteries
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Additives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Battery Additives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Boron Containing Additives
9.6.2 Sulfur-Containing Additive
9.6.3 Carbonate additives
9.6.4 Ionic liquid additive
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Lithium-Ion Battery
9.10.2 Nickel Cadmium Batteries
9.10.3 Nickel Metal Hydride Batteries
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Boron Containing Additives
10.6.2 Sulfur-Containing Additive
10.6.3 Carbonate additives
10.6.4 Ionic liquid additive
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Lithium-Ion Battery
10.10.2 Nickel Cadmium Batteries
10.10.3 Nickel Metal Hydride Batteries
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Boron Containing Additives
11.6.2 Sulfur-Containing Additive
11.6.3 Carbonate additives
11.6.4 Ionic liquid additive
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Lithium-Ion Battery
11.10.2 Nickel Cadmium Batteries
11.10.3 Nickel Metal Hydride Batteries
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Boron Containing Additives
12.6.2 Sulfur-Containing Additive
12.6.3 Carbonate additives
12.6.4 Ionic liquid additive
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Lithium-Ion Battery
12.10.2 Nickel Cadmium Batteries
12.10.3 Nickel Metal Hydride Batteries
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Boron Containing Additives
13.6.2 Sulfur-Containing Additive
13.6.3 Carbonate additives
13.6.4 Ionic liquid additive
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Lithium-Ion Battery
13.10.2 Nickel Cadmium Batteries
13.10.3 Nickel Metal Hydride Batteries
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Battery Additives Market: Competitive Dashboard
14.2 Global Battery Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Re-Tron Technologies
14.3.2 Prince
14.3.3 Colonial Chemical Corp
14.3.4 US Research Nanomaterials
14.3.5 MSC Industrial Supply
14.3.6 GETSOME Products
14.3.7 Tab-Pro LLC
14.3.8 Atomized Products Group
14.3.9 Fastenal
14.3.10 Battery Equaliser USA
14.3.11 Re-Tron Technologies
14.3.12 Zircon Industries
