A growing market for the electric vehicle is fueling the demand for battery coating

The global battery coating market is likely to showcase a growth of around 13% during the forecast period. Owing to desired end-use properties, it is widely used in electric vehicles and smart electric devices for various purposes. As the demand for electric vehicles and devices rises, thus, increasing the demand for battery coating.

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 pollution, safety, and working efficiency of the battery are some of the major as well as vital factors which would 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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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.

Based on battery components, the market is categorized into electrode coating, separator coating, and battery pack coating. Among these, electrode coating has considerably had a large share in the battery coating market. As there is an increase in demand for electrode coating in lithium-ion batteries for the high performance and protection of the batteries. Also, there is an increase in demand for more sustainable batteries, especially in EVs, smart devices, and energy storage systems. These factors will drive the growth of the electrode coating segment.

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For a better understanding of the market adoption of battery coating, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for a significant share in the market and is expected to showcase substantial growth during the forecast period owing to the growing adoption of the electric vehicle due to government supporting schemes and improving vehicle range.

Global Battery Coating Market Segmentation

Market Insight, by Material

• Ceramic
• Alumina• Oxide• Carbon• Others

Market Insight, by Battery Component

• Electrode Coating
• Separator Coating• Battery Pack Coating

Market Insight, by Application

• Power Generation
• Automobiles
• Oil and Gas
• Electronics
• Others

Market Insight, by Region

• North America Battery Coating Market
  • United States
  • Canada
  • Rest of North America
• Europe Battery Coating Market
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific Battery Coating Market
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World Battery Coating Market

Top Company Profiles

• 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.