Battery Additives Market by Application and Geography - Forecast 2020

Posted by sarahbennu on November 13th, 2020

The battery additives market is expected to register a CAGR of over 11% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.

Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on battery additives market. Download a Free Sample Report on the impact of COVID-19 pandemic analysis.

Due to the extensive spread of the virus across the globe, the Materials Industry is anticipated to have Mixed impact. The battery additives market will showcase Neutral impact during 2020-2024.

Battery Additives Market 2020-2024: Segmentation

Battery Additives Market is segmented as below:

• Application
• Lead-acid Batteries
• Lithium-ion Batteries
• Others
• Geographic Landscape
• APAC
• North America
• Europe
• MEA
• South America

APAC region will account for the highest incremental growth during the forecast period due to the increasing demand for product catalog management by e-commerce merchants, rising demand for service catalogs, and the emergence of analytics in catalog management software.

With the surging growth of COVID-19 pandemic, the Materials market is anticipated to have a Direct impact during the forecast period. View market snapshot before purchasing

Rising demand for service catalogs has been an instrumental factor in influencing the growth of battery additives market. Other market drivers include rising focus on renewable power generation and increasing government support for EVs. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID 19 market estimates
• Quarterly impact analysis and updates on market estimates

Battery Additives Market 2020-2024: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater a larger target audience during the pandemic. Major market participants include ALTANA AG, Battery Equaliser USA LLC, Borregaard ASA, Cabot Corp., Hammond Group Inc., Imerys SA, Orion Engineered Carbons SA, PENOX Group GmbH, SGL Carbon SE, and Taiwan Hopax Chemicals Mfg. Co. Ltd.