Market Overview:
The global battery sealant market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and batteries across the globe. In addition, the growing awareness about environment-friendly products is also propelling the growth of this market. The global battery sealant market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into silane modified polymers (SMP), polyurethane, epoxy, and others. The SMP segment is expected to witness highest growth during the forecast period owing to its properties such as high thermal stability and chemical resistance. On the basis of application, it can be classified into lithium-ion battery, NI-MH battery,, and others segments.
Product Definition:
A battery sealant is a material used to close and protect the opening of a battery cell. This material is usually an adhesive or caulk. Battery sealant helps to keep moisture and other contaminants out of the cells, which can damage or corrode the battery. It also helps to keep the cells in place, preventing them from shifting around and coming into contact with each other. This can lead to short circuits and fires.
Silane Modified Polymers (SMP):
Silane modified polymers (SMP) are a group of high-performance materials that combine the properties of silicones and polymers. Silanes are compounds containing an SiH4 group. They can be either synthetic or natural in origin, however, most commercially available products are synthetic in nature. SMPs have been used as sealants for over two decades; their first commercial application was as a battery sealant in the early 1990s.
Polyurethane:
Polyurethane (PU) is a polymer, which is manufactured by the catalytic reaction of an organic compound with hydrogen. The most commonly used raw materials for manufacturing PU include tetrahydrofuran, 1-butene, and 2-methyl butene. It has high thermal stability and excellent mechanical strength along with being able to withstand high temperatures. These properties have made it one of the most widely used sealants in battery applications over the past few years.
Application Insights:
The others segment held the largest market share in terms of revenue and is anticipated to witness significant growth over the forecast period. Other applications include lead acid battery, lithium-ion battery, nickel metal hydride battery and polymer batteries. The demand for sealants for these applications is expected to increase as a result of their rising usage in industrial and automotive electronics owing to properties such as high performance & reliability at low temperatures & high humidity levels.
The Latin America region is estimated to register a CAGR exceeding 7% from 2018 to 2030 on account of increasing adoption of electric vehicles (EVs). Governments are taking numerous initiatives aimed at promoting the use of EVs including financial subsidies, tax credits etc., which are expected drive sealant consumption in this region over the coming years.
In addition, factors such as growing awareness regarding environment protection along with increasing spending capacity among consumers will further boost product demand across various end-use industries including construction.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing demand for consumer electronics products in China, India, South Korea, and Japan. The presence of key battery manufacturers including Panasonic Corporation; Sony Corporation; Samsung Group; LG Chem Ltd.; and others will drive the product demand over the forecast period.
The growing automotive industry in Asia Pacific countries such as China, India, Indonesia Malaysia Thailand Vietnam will also propel product growth over the next eight years. In addition, rising disposable income coupled with an increase in population has led to increased spending on consumer electronics across these regions which is further anticipated to fuel market growth during the forecast period.
Growth Factors:
- Increasing demand for electric vehicles
- Growing automotive industry
- Rising demand from the construction and infrastructure sectors
- Stringent environmental regulations across the globe
- Technological advancements in battery sealant products
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Sealant Market Research Report
By Type
Silane Modified Polymers (SMP), Polyurethane, Epoxy, Others
By Application
Lithium-ion Battery, NI-MH Battery, Others
By Companies
3M, Elantas, Atlas Minerals & Chemicals, Zeon, HB Fuller, Henkel, Evonik
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Battery Sealant Market Report Segments:
The global Battery Sealant market is segmented on the basis of:
Types
Silane Modified Polymers (SMP), Polyurethane, Epoxy, 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, NI-MH Battery, 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:
- 3M
- Elantas
- Atlas Minerals & Chemicals
- Zeon
- HB Fuller
- Henkel
- Evonik
Highlights of The Battery Sealant 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:
- Silane Modified Polymers (SMP)
- Polyurethane
- Epoxy
- Others
- By Application:
- Lithium-ion Battery
- NI-MH Battery
- 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 Sealant 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 sealant is a type of adhesive that is used to seal the battery terminals from corrosion. It can also be used to protect the battery from water and other contaminants.
Some of the major players in the battery sealant market are 3M, Elantas, Atlas Minerals & Chemicals, Zeon, HB Fuller, Henkel, Evonik.
The battery sealant market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Sealant 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 Sealant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Sealant 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 Sealant 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 Sealant Market Size & Forecast, 2020-2028
4.5.1 Battery Sealant Market Size and Y-o-Y Growth
4.5.2 Battery Sealant 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 Silane Modified Polymers (SMP)
5.2.2 Polyurethane
5.2.3 Epoxy
5.2.4 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 NI-MH Battery
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Sealant 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 Sealant 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 Silane Modified Polymers (SMP)
9.6.2 Polyurethane
9.6.3 Epoxy
9.6.4 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 NI-MH Battery
9.10.3 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 Silane Modified Polymers (SMP)
10.6.2 Polyurethane
10.6.3 Epoxy
10.6.4 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 NI-MH Battery
10.10.3 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 Silane Modified Polymers (SMP)
11.6.2 Polyurethane
11.6.3 Epoxy
11.6.4 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 NI-MH Battery
11.10.3 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 Silane Modified Polymers (SMP)
12.6.2 Polyurethane
12.6.3 Epoxy
12.6.4 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 NI-MH Battery
12.10.3 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 Silane Modified Polymers (SMP)
13.6.2 Polyurethane
13.6.3 Epoxy
13.6.4 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 NI-MH Battery
13.10.3 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 Sealant Market: Competitive Dashboard
14.2 Global Battery Sealant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Elantas
14.3.3 Atlas Minerals & Chemicals
14.3.4 Zeon
14.3.5 HB Fuller
14.3.6 Henkel
14.3.7 Evonik
