Global Battery Coating Market To Grow At A CAGR Of 14% During The Forecast Period

The global battery coating market was valued at $2.5M in 2021 and held a market value of $3.2M in 2022. The global market is expected to generate a revenue of over $7M by 2028 and grow at a CAGR of 14% during the forecast period.

Battery coating forms the core of the lithium-ion secondary batteries manufacturing market where a thin film of battery coating material is deposited on the battery via an electrochemical process. The thin layer of battery coating material helps in improving the performance of cars and other vehicles. Some of the technologies used in battery coating are plasma-enhanced vapor deposition, chemical vapor deposition, and atomic layer depositions. Special materials are coated on objects like anode, cathode, and the isolating separator which together form a layered electrode. The global battery coating market is growing with the help of materials like oxides, carbons, alumina, and ceramic.

The global market growth was hampered due to the onset of Covid-19 because of the temporary closure of all non-essential segments along with manufacturing units and corporate offices. This was also coupled with disruptions in the supply chain and difficulty in procuring raw materials along with lesser demand for the products.

The automotive industry is one of the fastest-growing sectors owing to the rising demand for automotive products in-line with the growing population coupled with a significant rise in the disposal income of consumer groups. There is also an increase in the number of automotive vehicle manufacturers in the last few years aided by rising investments, government initiatives to expand the automobile sector, and constant innovation. A large section of consumer groups has assisted in increasing the demand for high-speed and high-power cars where battery coating helps in improving the overall efficiency along with reduced energy loss. With the shift towards modernization, there has been a considerable rise in the demand for smart devices. The majority of the consumer sector lives a hectic lifestyle where smart devices have become a necessity to help them work through the day without having to worry about minor things. This is possible because of the advent of smart devices like smart doorbells, smart security, thermostats, and smart cars amongst others. All of these reasons combined are anticipated to aid the global battery coating market growth in the coming years.

The high cost of technology associated with battery coating may restrain the global market growth while continuous technological advancement is anticipated to provide ample growth opportunities along with some challenges due to shifting preference for solid electrolytes over liquid electrolytes in the global market.

The global battery coating market is segmented by material type, battery component, and region.

Based on material type, the global market is segmented into ceramic, PVDF, alumina, carbon, and oxide. PVDF is expected to lead the global market in the coming years since they offer electrochemical stability, along with better accord with electrolytes and lower hardness.

Based on battery components, the global market is segmented into electrode coating, battery-pack coating, and separator coating where electrode coating is expected to lead the segment because of growing R&D to produce new electrode coating materials along with technological innovations to enhance their electrochemical performance.

The global battery coating market is anticipated to be dominated by Asia-Pacific during the forecast period. China is projected to lead the regional growth with the highest regional market revenue share owing to increased investment in the automotive sector from private as well as government institutes. The rising population of countries like India, China, Japan, & others and the subsequent rise in demand for smartphones, smartwatches, and smart devices will aid the regional growth.

North America is expected to grow significantly because of the rising demand for electric vehicles aided by the high standard of living and the presence of key market players. Europe may generate higher revenues because of rising stringent environmental regulations thus propelling the need for environment-friendly products and the ensuing need for the battery coating material.

Latin America and Africa may register considerable revenue because of multiple initiatives taken by the governments to put these regions on the world map in the energy and automobile sector.

The global battery coating market is led by market giants like Axalta Coating Systems Ltd., Samco Inc., Targray Technology International Inc,  Asahi Kasei Corporation,  Asahi Kasei Corporation, Dürr Group, Tanaka Chemical Corporation, APV Engineered Coatings, Unifrax, Solvay SA, PPG Industries, Inc, NEI Corporation, ALD NanoSolutions, Inc., Alteo Group, Mitsubishi Paper Mills Ltd., Nano One Materials Corp.

Recent Developments:

• In June 2021, an advanced and sustainable range of Kynar PVDF was announced by Arkema SA. The new range offers 100% renewability aided by the presence of crude tall oil bio-feedstock derived carbon.`
• In September 2021, an innovative carbon binder was launched by PPG Industries. The new binder helps in increasing the efficiency of lithium-ion battery production and safety measures thus propelling the dominance of the business in the EV sector.

Browse the full “Battery Coating Market By Material Type (Ceramic, PVDF, Alumina, Carbon, and Oxide), By Battery Component (Electrode Coating, Battery Pack Coating, and Separator Coating) and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/battery-coating-market

The global battery coating market is segmented as below:

By Material Type:

• Ceramic
• PVDF
• Almunia
• Carbon
• Oxide

By Battery Component

• Electrode coating
• Battery pack coating
• Separator coating

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com