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The development of battery powered vehicles owing to the rise in demand for consumers and growth in population are propelling the market growth.
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Market Summary Market Size – USD 1.22 Billion in 2018, Market Growth - CAGR of 9.7%, Market Trends – The advent of Li-ion batteries in consumer electronics. The global battery additives market is forecast to reach USD 2.59 Billion by 2026, according to a new report by Reports and Data. Battery additives are specialty chemicals that are utilized in the manufacturing and maintenance of batteries. • Further key findings from the report suggest • The porous additive segment is set to observe the highest CAGR of 10.2% during the forecast period. This is owing to the high utility in electric vehicles and the cheap manufacturing cost of this type of batteries. • Lead-acid batteries held the largest market share of 49.5% in the year 2018, owing to its increased utility in the automotive segment. They are being utilized highly in regions where the infrastructure for electric vehicles has developed in the previous years. Usage of additives in this segment allows the batteries to last longer against corrosion, self-discharging and overcharging. • The conductive segment for battery additives held the largest market share of 32.9% in the year 2018. This is owing to the rapid research in the scope of this additive type. The development of solid-state batteries is directly relatable to the advancement in the conductive segment for batteries. www.reportsanddata.com
Market Summary Key Players: 3M Co., Cabot Corporation, Hammond Group, Colonial Chemical Corp., Orion Engineered Carbons, Altana AG, Zircon Industries, Atomized Products Group Inc., Segmentation: Additive Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026) Conductive Porous Nucleating Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026) Lithium ion Lead acid Nickel ion To look at the PDF Sample Report and get 30 minutes of a free consultation @https://www.reportsanddata.com/sample-enquiry-form/2001 www.reportsanddata.com
Market Summary End-Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026) Automotive Electronics Others Regional Outlook for Battery Additives Market analyses the following geographies: North America (United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) Grab Your Report at an Impressive Discount! Please Click Here : @https://www.reportsanddata.com/discount-enquiry-form/2001 www.reportsanddata.com
The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com
About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com