Battery Coating Market Share, Size, Trends, Industry Analysis Report, By Component; By Material; By Battery Type (Lithium-Ion, Lead-acid, Graphene, Nickle-Cadmium); By Region; Segment Forecast, 2022 - 2030
The global battery coating market size is expected to reach USD 995.5 million by 2030, according to a new study by Polaris Market Research. The report “Battery Coating Market Share, Size, Trends, Industry Analysis Report, By Component; By Material; By Battery Type (Lithium-Ion, Lead-acid, Graphene, Nickle-Cadmium); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The electrode segment is projected to be the fastest-growing segment registering the highest growth during the forecast period. The growth is credited to the increase in demand for electrodes in lithium-ion batteries to enhance the performance and safety of the batteries.
Asia-Pacific is estimated to be the fastest-growing region for the market. The region’s significant growth rate is due to substantial economic expansion and thriving electronics and electric vehicle sectors in Asia Pacific countries, such as China, Japan, and South Korea.
Leading players in the market are Arkema SA, APV Engineered Coatings, Axalta Coating Systems Ltd, Dürr Group, Asahi Kasei Corporation, Nano One Materials Corp, Nexeon Limited, UBE Industries Limited, PPG Industries, SK Innovation Co., Ltd., Tanaka Chemical Corporation, Solvay SA, Targray Technology International Inc, Mitsubishi Paper Mills Ltd, and Unifrax.
The high adoption of electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles is driving the demand for electronics and smart devices, thus boosting the growth of the industry. The increased demand for high-capacity batteries is expected to spur technological improvements in materials.
Battery Coating Market Report Highlights
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook