Plastic Battery Containers Market: Current Analysis and Forecast (2022-2030)

Report Description

Global Plastic Battery Containers Market was valued at USD 17 billion in 2021 and is expected to grow at a CAGR of 5% from 2022-2030. A plastic battery container is defined as a battery holder made of shaped plastic and ideally framed in a solitary unitary construction. Battery compartments made of shaped plastic, by and large, have inside parcels framed as basic pieces of the base and side walls of the holder and stretch out the entire way to the top edge of the holder to forestall the spillage of fluid between neighboring cells. These compartments are normally shaped as unitary designs in a solitary embellishment activity, with most shape centers characterizing the inside holes which structure the parts. The shape is normally gated at the focal point of the lower end of each segment framing depression and the equal end walls of the compartment. For instance, in Apr 2021, Novel Materials approached EV battery-box design. A battery enclosure that features a single-piece, metal-reinforced composite tray, and one-piece composite cover is a step closer to an electric vehicle (EV) production application.

DuPont; LyondellBasell Industries Holdings B.V.; VIKING PLASTICS; SGL Carbon; TIRTH POLYMERS PVT. LTD.; Biasin Srl; Xiamen Tmax Battery Equipments Limited.; Sanatan Autoplast Pvt Ltd.; Akumsan; Mold-Rite Plastics are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst battery type, Lithium Ion category is expected to grow with a significant CAGR during the forecast period”

Based on battery type, the market is bifurcated into lead acid and lithium ion. Lithium Ion category is expected to grow with a significant CAGR during the forecast period. This is mainly owing to the rising demand for lithium ion in various industries, such as telecommunications, aerospace, military, automotive, and consumer electronics. Additionally, the increasing demand for lithium ion is used while making electric vehicle batteries. Therefore, Lithium-ion batteries are used in more than a hundred automotive applications, such as hybrid cars and electric cars. Thus, increasing demand for vehicles has increased the number of lithium-ion battery production in turn increasing the market value of plastic battery containers.

“Amongst resin, polypropylene is expected to grow with a significant CAGR during the forecast period”

On the basis of Resin, the market is categorized into acrylonitrile butadiene styrene (ABS), polypropylene (PP), and others. Among these, polypropylene is expected to grow with a significant CAGR during the forecast period. This is mainly due to Most of the auto battery compartments and their covers being made of polypropylene as it offers a high-solidarity-to-weight proportion and brilliant compound obstruction. Furthermore, Polypropylene holders can be shaped with flimsy walls and parcels which builds the accessible corrosive volume and makes it conceivable to have higher capacities with respect to given sizes and new minimized battery plans. Moreover, polypropylene (PP) battery cases have a high reusing rate.

“APAC is anticipated to grow at a substantial CAGR during the forecast period”

In 2021, APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing prevalence of electric vehicles backed by growing disposable income and surging per capita spending of individuals in the emerging economies of the region is driving the growth of the market. Moreover, the growing demand for portable devices and the presence of leading manufacturers are further expected to support market growth within the region. Also, major players in the market continue to add more products to increase their business portfolio. For instance, In Sep 2022, Amara Raja Batteries proposed backward integration of the plastic molding business. The plastics component for the battery business of MIL caters exclusively to ARBL, providing plastic

Plastic Battery Containers Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report briefly reviews overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global plastic battery containers market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Plastic Battery Containers Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global plastic battery containers market were the three major steps undertaken to create and analyze the adoption of plastic battery containers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global plastic battery containers market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the plastic battery containers market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the plastic battery containers market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as battery type, resin, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the plastic battery containers market. Further, we conducted factor analysis using dependent and independent variables such as various battery type, resin, and end-users of plastic battery containers. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the plastic battery containers market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global plastic battery containers market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the plastic battery containers market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global plastic battery containers market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Plastic Battery Containers market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of battery type, resin, and end-user in the global Plastic Battery Containers market.

The main Objective of the Global Plastic Battery Containers Market Study

The current & future market trends of the global Plastic Battery Containers market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Plastic Battery Containers market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of battery type, resin, and end-user.
• Define and analysis of the regulatory framework for the Plastic Battery Containers
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Plastic Battery Containers market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the Plastic Battery Containers market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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