Battery Coatings Market by Battery Component (Electrode Coating, Separator Coating, Battery Pack Coating), Battery Type (Lithium-Ion Battery, Lead-Acid Battery, Graphene Battery, and Nickel-Cadmium Battery), Material Type (Polyvinylidene Fluoride (PVDF), Ceramic, Alumina, Carbon, Epoxy, and Others), End Use (Oil & Gas, Renewable Energy, Automobile, Electronics, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026252 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 340 million mark in 2022 and is expected to hit US$ 1,030 million by 2030, recording a CAGR of 14.7% during the forecast period.

Battery Coatings market has been significantly increasing with demand from various industries.

Increasing production of electric vehicles, rising demand for smart devices and other consumer electronics, and rising innovation and technological advancement in battery material are some of the major factors driving the growth of the market. The lithium-ion battery segment is expected to pace up with owing to increasing use in various end use applications. These batteries are also used to control electrical framework for some aviation application.  In addition, these batteries are easier disposal than other batteries as they do not contain toxic cadmium. Further, lead-acid battery and graphene battery segments are also expected to gain traction during the forecasted year.

Within the report, the market is segmented into battery component, battery type, material type, end use, and geography. By battery component, the market is further segmented electrode coating, separator coating, and battery pack coating. On the basis of battery type, the market is segmented into lithium-ion battery, lead-acid battery, graphene battery, and nickel-cadmium battery. By material type, the market is categorized into polyvinylidene fluoride (PVDF), ceramic, alumina, carbon, epoxy, and others.  on basis of end use, the market is segmented into oil & gas, automobile, renewable energy, electronics, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Higher production in electronic vehicles has empowered the growth of futuristic innovations.

Battery coating is a core technology used for manufacturing of lithium-ion secondary batteries. It is a thin film deposition technology used in electrochemical industry to increase the performance of cars and vehicles. Automotive industry has witnessed the shift towards adoption of clean and sustainable energy. This has surged the demand for electric vehicles, including battery electric vehicles, hybrid electric vehicles, and others. Further, the demand for electric vehicles has also surged owing to the regulations on carbon dioxide (CO2) emissions and government support through policy changes and subsidies.

Rising adoption in various industries is one of the major factors accelerating the market growth.

The industries for battery coating are automobiles, renewable energy, oil & gas, electronics, and others. Within these industries, automobile industry is one such industry, wherein the use of battery is increasing owing to increasing production of vehicles, rising demand for clean and sustainable energy sources in the automotive industry. The oil & gas, renewable energy, and electronics has also witnessed an extensive use of battery coating owing to implementation of stringent regulation by governments.

Recent strategic developments in battery coatings market

The battery coatings market has undergone several significant developments, and a few of these have been mentioned below:

  • In September 2021, PPG Industries Inc developed cathode binder which will help increase lithium-ion battery production efficiency and safety which will help, this development will help the company to expand it portfolio for electric vehicle industry.
  • In June 2021, Arkema SA announced the launch of new sustainable Kynar PVDF range, and 100% renewable grade for coating.

The battery coatings market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. PPG Industries, Inc, Solvay SA, Arkema SA, Asahi Kasei Corporation, and Mitsubishi Paper Mills Ltd are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Battery coatings related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industry of battery coatings industry
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Battery Component:
    • Electrode Coating
    • Separator Coating
    • Battery Pack Coating
  • Battery Type:    
    • Lithium-Ion Battery
    • Lead-Acid Battery
    • Graphene Battery
    • Nickel-Cadmium Battery
  • Material Type:
    • Polyvinylidene Fluoride (PVDF)
    • Ceramic
    • Alumina
    • Carbon
    • Epoxy
    • Others
  • End Use:
    • Automobiles
    • Renewable Energy
    • Oil & Gas
    • Electronics
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • PPG Industries, Inc
    • Solvay SA
    • Arkema SA
    • Asahi Kasei Corporation
    • Mitsubishi Paper Mills Ltd

Companies profiled

- PPG Industries, Inc
- Solvay SA
- Arkema SA
- Asahi Kasei Corporation
- Mitsubishi Paper Mills Ltd

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