Battery Coating Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 Battery coating is a technology for thin film deposition that is used to enhance the electrochemical performance of the cathode and anode inside the battery. Battery coating reduces the process of degradation, improves the functional process, and provides the battery's protection. It increases the life span of the battery and helps in producing high voltages. Moreover, increasing the need for high-performance batteries due to the high demand for electric vehicles, rising usage of smart devices, rising number of applications in automobile and renewable energy sectors, increasing environmental concerns for reducing the pollution, safety, and working efficiency of the battery are some of the major as well as vital factors which will likely to augment the growth of the battery coating market. Additionally, the increasing focus on solar energy production will require high-performance batteries for energy storage. For instance, the US development bank North American Development Bank (NADBank) is providing a $65.7 million loan for a co-located solar project with an 80MWh battery energy storage system (BESS) in Texas. These aforementioned factors are likely to fuel the battery coating market in the near future.

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According to UnivDatos Market Insights (UMI)’ research report “Global Battery Coating Market”, the market is expected to showcase a growth of around 13% during the forecast period. The large and growing base of electric vehicles and growing demand for smart electronic devices are some of the key attributable factors to the growth of the market.

Based on material, the market is categorized into ceramic, alumina, oxide, carbon, and others. Among these, alumina has a prominent share in the battery coating market. This can be attributed to the fact that high quality of alumina, easy accessibility, and less intricate battery coating process relative to other material types.

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Based on application, the market is categorized into power generation, automobiles, oil and gas, electronics, and others. Among these, automobiles accounted for a significant share of the battery coating market. Battery coatings are generally used for providing high density, high permeability, and minimum energy loss in the cores of electric motors, and generators. It also helps in providing electrical resistivity and ultimately reduces magnetic losses. Due to these factors, battery coating is widely adopted by electric vehicle manufacturers. For instance, in November 2021, Nissan announced an investment of $17.6 billion (JPY 2 trillion) over the next five years on developing a cheaper, more powerful battery to boost its electric vehicle lineup.

Asia-Pacific accounted for a considerable share of the battery coating market

The growing base of the electric vehicle sector and usage of electronic devices in the Asia Pacific region helped the region to obtain a considerable position in the battery coating market. Further, improving per-capita income, improving consumer spending power, and rapid urbanization are encouraging consumers for more spending on their comfort, and improving lifestyles are increasing the demand for smart devices. Moreover, rising concerns about the environmental conditions are increasing the adoption of non-conventional energy resources, this will increase the demand for the high-performance battery to store energy and will fuel the demand for battery coating. Further, various governments are taking a myriad of initiatives to adopt non-conventional energy sources like providing subsidies. Owing to such factors the demand for batteries in the region thereby fueling the market for battery coating.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global battery coating market include Targray Technology International Inc., Solvay S.A., Arkema S.A., Ashland Global Holdings Inc., Axalta Coating Systems Ltd., UBE Corporation, Tanaka Chemical Corp., SK Innovation Co. Ltd., Forge Nano Inc., Shandong Hengyi New Material Technology Co. Ltd. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global Battery Coating Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1.     By Material (Ceramic, Alumina, Oxide, Carbon, and Others)

2.     By Battery Component (Electrode Coating, Separator Coating, and Battery Pack Coating)

3.     By Application (Power Generation, Automobiles, Oil and Gas, Electronics, and Others)

4.     By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

5.     By Company (Targray Technology International Inc., Solvay S.A., Arkema S.A., Ashland Global Holdings Inc., Axalta Coating Systems Ltd., UBE Corporation, Tanaka Chemical Corp., SK Innovation Co. Ltd., Forge Nano Inc., Shandong Hengyi New Material Technology Co. Ltd.)

Key questions answered in the study:

1.     What are the current and future trends of the global battery coating industry?

2.     How the industry has been evolving in terms of material, battery coating, and application?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global battery coating industry?

5.     What are the customer orientation, purchase behavior, and expectations from the global battery coating suppliers across various regions and countries?