Global Battery Coating Market size was valued at US$ 169 Mn in 2019 and the total revenue is expected to grow at 12.2 % through 2020 to 2026, reaching nearly US$ 301 Mn.
The global Battery Coating market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Battery Coating report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Battery Coating Market Overview:
Battery coating is a technology for thin film deposition which is used in a battery to enhance the electrochemical performance of cathode and anode powder. Battery coating enhances life, decreases the process of degradation, and improves the battery's protection and operational quality. Without adversely affecting the battery life, it helps produce increased voltages.
The market growth is driven by the high production of electric vehicles (EVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs) and the growing demand for smart devices and other consumer electronics.
Global Battery Coating Market Dynamics:
Increase in need for high-performance batteries, rising demand of the product thanks to high production of electric vehicles, increasing preferences towards the usages of smart devices, rising number of applications in automobile and renewable energy sectors, increasing prevalence of stringent environmental norms, rising usages of the product to increase durability, decreases degradation mechanism and improves the safety and working efficiency of the battery are some of the major factors which likely to enhance the growth of the battery coating market during the forecast period 2020-2026.
On the other hand, increasing use of batteries in energy storage devices along with the rising number of innovation and technological advances in battery materials further contribute by generating massive opportunities that lead to the battery coating market growth in the above mentioned projected timeframe.
High cost of technology along with the technology trend for solid electrolytes which likely to act as a market restraints factor for the battery coating market growth during the forecast period.
Global Battery Coating Market Segment Analysis:
By Battery Component, the automotive lead acid batteries market is bifurcated into electrode coating, separator coating, and battery pack coating. The separator coating segment held the largest share of the battery coating market in 2019 growing use of lithium-ion batteries, which require separator coatings for use in electric vehicles across the globe. Separator coating is majorly required in lithium-ion batteries that go into EVs. Separator coating lowers the shrinkage of the separators in batteries, thus enhancing the battery life cycle. The high production of EVs is the major driver for the growth of the separator coating segment in the battery coating market.
By Material Type, the market is bifurcated into PVDF, ceramic, alumina, oxide, carbon, and others. The PVDF segment accounted for the largest share of the battery coating market in 2019. PVDF is a semi-crystalline polymer with low hardness and electrochemical stability which makes it a suitable material for separator coater battery components.
In comparison to traditional separators, the porous PVDF-coated separator displays a higher porosity (56%), a better liquid electrolyte uptake (200%), and electrochemical stability under 5V. These characteristics are responsible for the high adoption of PVDF for separator coating. The surge in demand for separator coatings from the lithium-ion battery end-use industry is generating huge demand for the PVDF segment. The PVDF segment is expected to account for the largest share of the market over the forecast period.
To know about the Research Methodology :- Request Free Sample Report
In November 2019, Solvay SA announced the expansion of its SOLEF polyvinylidene fluoride (PVDF) capacity in China to meet the booming demand in lithium batteries. The company will be more than doubling its production capacity of high-performance polymer SOLEF PVDF at its production site in Changshu, China. PVDF is used as a coating material for battery separators as well as binders for battery electrodes.
The Asia Pacific is expected to dominating the Battery Coating Market
The Asia Pacific is expected to be the fastest-growing region of the battery coating market during the forecast period. The rising demand for new energy storage applications in vehicles, grid-connected energy storage, and consumer gadgets is expected to increase the need for more sustainable batteries, thereby driving the growth of the battery coating market.
Massive economic expansion and the flourishing electronics and electric vehicle industries in some Asia Pacific countries, includes China, Japan, and South Korea, are responsible for the markets high growth rate in the region. Currently, China is the largest market for battery coating in the Asia Pacific region.
Europe dominates the battery coating market thanks to the increasing number of stringent environmental rules along with the prevalence of renewable energy and electric vehicles in the region.
Global Battery Coating MarketThe objective of the report is to present a comprehensive analysis of the Global Battery Coating market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Battery Coating market dynamics, structure by analyzing the market segments and project the Global Battery Coating market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Battery Coating market make the report investor’s guide.
For more information of visit:https://www.maximizemarketresearch.com/market-report/global-battery-coating-market/98295/
Global Battery Coating Market Scope: Inquire before buying
Global Battery Coating Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Battery Coating Market Key Players
• APV Engineered Coatings (US)
• Arkema SA (France)
• Solvay SA (Belgium)
• Mitsubishi Paper Mills Ltd. (Japan)
• Ube Industries Ltd. (Japan)
• Tanaka Chemical Corporation (Japan)
• Asahi Kasei Corporation (Japan)
• SK innovation Co., Ltd. (South Korea)
• Unifrax (US)
• NEI Corporation (US)
• Targray Technology International Inc. (Canada)
• Alteo Group (France)
• Nano One Materials Corp. (Canada)
• SAMCO Inc. (Japan)
• Nexeon Limited (UK)
• ALD NanoSolutions, Inc. (US)
• Forge Nano Inc. (US)
• Beneq Group (Finland)
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.