Report Code: A04974 | Pages: NA | ||
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Battery additives are devices that increase the performance of the batteries and expand their service life. The additives batteries are in high demand owing to their extended life. These batteries are also used in automotive electric vehicles, to increase the life span of vehicle batteries.Â
The global battery additives market has witnessed significant growth over the past few years. Factors driving the growth of this market include rise in demand for electricity generation and volume addition by organizing green energy resolutions such as solar, hydropower, and others, which are expected to boost the market across various regions. Moreover, increase in end-use applications such as automotive, smartphones, communication devices, and others, is projected to drive the market in the coming years. In addition, high adoption of hybrid electric vehicles, plug-in-hybrid electric vehicle, and other electric vehicles in the automotive industries is anticipated to boost the growth of the battery additives market. However, high cost battery additives production hampers the growth of the market. Likewise, technological advancements in additives battery are further expected to offer healthy growth opportunities to this market.Â
The global battery additives market is segmented into type, application, and region. Based on type, the market is divided into conductive additive, porous additive, and nucleating additive. Based on applications, it is classified into lithium ion battery, lead acid battery, and nickel ion battery. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the main market players operating in the global battery additives market are Hammond, Eram Magnaflux Systems Pvt. Ltd., Cabot Corporation, Practicalmachinist, Helis, Imerys, HOPAX, SGL Carbon, Borregaard, 3M, and others
Battery Additives Market Report Highlights
Aspects | Details |
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By Type |
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By Application |
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By Region |
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Key Market Players | SGL Carbon, Borregaard, Eram Magnaflux Systems Pvt. Ltd., Imerys, Helis, 3M, HOPAX, Hammond, Cabot Corporation, Practicalmachinist |
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