Battery Additives Market is Booming Market to Grow at Healthy CAGR forecast by 2

Posted by Andre on November 5th, 2019

A market research conducted in this Battery Additives Market report aids in improving and modifying the products so that future products present more satisfaction to your valuable customers. A comprehensive discussion about numerous market related topics in the report is sure to assist the client in studying the market on competitive landscape. The data collected to structure this report is based on the data collection modules with large sample sizes. This Battery Additives Market research report is prepared with detailed statistics and market research insights that results in sharp growth and thriving sustainability in the market for the businesses.       

Global battery additives market is expected to register a substantial CAGR of 9.2% in the forecast period of 2019-2026. Rising adoption of electric vehicles and increasing production of battery additives which is the major factor for the growth of this market.

Top Manufacturers Covered in the Report:

Few of the major competitors currently working in the global battery additives market are Cabot Corporation, Hammond Group, Inc., Orion Engineered Carbons, Imerys, 3M, Altana, Borregaard, HOPAX, PENOX S.A., SGL Carbon, Prince International Corporation, Re-Tron Technologies, Inc., MSC Industrial Direct Co., Inc, Atomized Products Group Inc, TAB-PRO LLC.,Fastenal Company, TCI America, Total Battery., SGL Carbon and others

Key Developments in the Market:

•          In November 2018, Orion Engineered Carbons S.A announced that they have acquired Société du Noir d'Acétylène de l'Aubette, SAS so that they can strengthen their company in the lithium- ion battery market and with the help of the skilled team and new technologies they will be able to expand their portfolio as well. This acquisition will also help them to improve their production capabilities and meet the requirement of the customers
•          In February 2016, Cabot Corporation announced the launch of their LITX 300 for lithium-ion batteries. It has better storage capacity and high conductivity. For stability they have strong and better electrodes. This new product is part of their portfolio which already consists of LITX 50 and LITX 200 additives which is specially designed for battery cell makers

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Market Drivers:

•          Rising demand for Li-Ion among consumer will drive the market growth
•          Increasing investment in renewable energy is driving the market
•          Growing demand for Phev, Ev, Hev in automotive industry will also propel the market
•          Technological advancement and development in battery additives will also contribute towards the growth of this market

Market Restraints:

•          Lack of developed infrastructure of EV will restrain the market growth
•          Strict rules and regulations related to the batteries will also hamper the market
•          Increasing safety issues associated with the battery additives will also restrain market

Competitive Analysis:

Global battery additives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of battery additives market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Insights in the report:

•          Complete and distinct analysis of the market drivers and restraints
•          Key market players involved in this industry
•          Detailed analysis of the market segmentation
•          Competitive analysis of the key players involved

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