Battery Additives Market: By Type (Conductive Additive, Porous Additive and Nucleating Additive), By Application (Lead Acid and Li-ion) and Geography  

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Battery Additives Market size was valued at USD 2.0 billion in 2022 and is expected to reach USD 3.7 billion by 2029, at a CAGR of 9.4% from 2023-2029. Some of the key factors fuelling the market growth include increasing investments in renewable energy, growing demand for li-ion batteries in consumer electronics applications, rising demand for li-ion batteries in consumer electronics applications, high demand for Li-Ion batteries in consumer electronics applications, advancements in battery technology and the penetration of battery additives in the end-use industries and initiatives taken by governments to promote the use of alternative fuel vehicles. However, stringent safety issues related to batteries and regulations and safety issues related to lead acid batteries are some major factors hindering the market growth. Further, technological advancements provides huge growth opportunity for the market growth. Global battery additives market is surging owing to frequent acquisitions and launchings by the market players. 

Battery Additives Market Key Development:
  • For Instance, In February 2016, Cabot Corporation launched a new conductive additive, LITX 300, for Li-ion battery applications. This new additive is easy to disperse as well as incorporate in the Li-ion battery manufacturing process. It also improves conductivity, flexibility, and shelf life of Li-ion batteries. 
  • On March 01, 2022, Cabot Corporation completed the acquistion of Tokai Carbon (Tianjin) Co., Ltd from Tokai Carbon Group. The acquisition expands Cabot’s manufacturing capacity to support the growth of its Battery Materials product line, while continuing to serve existing carbon black customers. On December 01, 2021,  Cabot Corporation announced it has signed a Memorandum of Understanding (MOU) with IFF Health and Biosciences for the development and commercialization of sustainable reinforcing additives for rubber products. IFF will exclusively work together to accelerate the advancement of innovative solutions that reduce greenhouse gas emissions and increase the amount of renewable bio-based content in rubber products.

 

Global Battery Additives Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

9.4%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific
Battery Additives Market Dynamics

Lithium-ion batteries seem to be all the rage. That is commonly because of the varied places that the battery can be deployed. From a small smartphone battery to large sophisticated batteries used in electric automobiles, lithium-ion batteries have found a lot of takers. Recent improvements in consumer electronics technologies. Owing to the many remarkable properties of Li-ion batteries such as high energy density, consumer electronics manufacturers prefer these over other batteries. The high demand for consumer electronics is a result of the changing lifestyle, expanding middle-class population, and a shift to smart electronic devices. This, in turn, is expected to drive the demand for lithium-ion batteries. Moreover, increasing awareness among consumers towards clean energy is driving demand for energy storage systems, which is likely to positively influence lithium ion batteries.

Key Features of the Reports

  • Global battery additives market expanding at significant CAGR over 2023 to 2029 due to increasing investments in renewable energy
  • Based on type, conductive additive segment accounted for larger market revenue share in 2022 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global Battery Additives market

Global Battery Additives Market Segmentation

By Type
  • Conductive Additive
  • Porous Additive
  • Nucleating Additive
By Application
  • Lead Acid
  • Portable Devices
  • Electric Vehicles
  • Industrial
  • Others
  • Li-ion
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

Frequently Asked Questions

The battery additives market size was valued at USD 2.0 billion in 2022.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

The battery additives market key players are: Cabot Corporation (US), 3M (US), IMERYS (France), Orion Engineered Carbons (Luxembourg), Hammond Group (US), SGL Carbon (Germany), Borregaard (Norway), HOPAX (Taiwan), PENOX (Germany), ALTANA (Germany)

1. Executive Summary
2. Global Battery Additives Market Introduction 
2.1.Global Battery Additives Market  - Taxonomy
2.2.Global Battery Additives Market  - Definitions
2.2.1.Type
2.2.2.Application
2.2.3.Region
3. Global Battery Additives Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Battery Additives Market Analysis, 2018-2022 and Forecast 2023-2029
4.1.  Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Battery Additives Market  By Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
5.1. Conductive Additive
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Porous Additive
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Nucleating Additive
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6. Global Battery Additives Market  By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
6.1. Lead Acid
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Portable Devices
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Electric Vehicles
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Industrial
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Li-ion
6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7. Global Battery Additives Market  By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. North America Battery Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
8.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Conductive Additive
8.1.2.Porous Additive
8.1.3.Nucleating Additive
8.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Lead Acid
8.2.2.Portable Devices
8.2.3.Electric Vehicles
8.2.4.Industrial
8.2.5.Others
8.2.6.Li-ion
8.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9. Europe Battery Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
9.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Conductive Additive
9.1.2.Porous Additive
9.1.3.Nucleating Additive
9.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Lead Acid
9.2.2.Portable Devices
9.2.3.Electric Vehicles
9.2.4.Industrial
9.2.5.Others
9.2.6.Li-ion
9.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
10. Asia Pacific (APAC) Battery Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Conductive Additive
10.1.2.Porous Additive
10.1.3.Nucleating Additive
10.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Lead Acid
10.2.2.Portable Devices
10.2.3.Electric Vehicles
10.2.4.Industrial
10.2.5.Others
10.2.6.Li-ion
10.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11. Middle East and Africa (MEA) Battery Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Conductive Additive
11.1.2.Porous Additive
11.1.3.Nucleating Additive
11.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Lead Acid
11.2.2.Portable Devices
11.2.3.Electric Vehicles
11.2.4.Industrial
11.2.5.Others
11.2.6.Li-ion
11.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12. Latin America Battery Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Conductive Additive
12.1.2.Porous Additive
12.1.3.Nucleating Additive
12.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Lead Acid
12.2.2.Portable Devices
12.2.3.Electric Vehicles
12.2.4.Industrial
12.2.5.Others
12.2.6.Li-ion
12.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1. Cabot Corporation (US)
13.2.2. 3M (US)
13.2.3. IMERYS (France)
13.2.4. Orion Engineered Carbons (Luxembourg)
13.2.5. Hammond Group (US)
13.2.6. SGL Carbon (Germany)
13.2.7. Borregaard (Norway)
13.2.8. HOPAX (Taiwan)
13.2.9. PENOX (Germany)
13.2.10. ALTANA (Germany)
14. Research Methodology 
15. Appendix and Abbreviations 
  • Cabot Corporation (US)
  • 3M (US)
  • IMERYS (France)
  • Orion Engineered Carbons (Luxembourg)
  • Hammond Group (US)
  • SGL Carbon (Germany)
  • Borregaard (Norway)
  • HOPAX (Taiwan)
  • PENOX (Germany)
  • ALTANA (Germany)