Battery Coating Market by Battery Component (Electrode Coating, Separator Coating, Battery Pack Coating), Material Type (PVDF, Ceramic, Alumina, Oxide, Carbon), and Region (Asia Pacific, North America, Europe, ROW) - Global Forecast to 2030
The value of the battery coating market is anticipated to surge from 604.7 million USD in 2024 to 1,613.6 million USD at a CAGR of 17.8% from 2024 to 2030. The growing electric vehicle market is a major driver of the battery coating market. Battery coating is commonly employed in electrodes (cathode and anode), separators, housing packs, and other areas of the battery to improve performance and reduce heat gain and losses caused by instability of operating temperatures.
Scope of the Report
Years Considered for the Study
2019-2030
Base Year
2023
Forecast Period
2024-2030
Units Considered
Value (USD Billion and USD Million), and Volume (Kiloton)
Segments
Battery Component, Material Type, Technology, Battery Type and Region
Regions covered
Asia Pacific, North America, Europe, and Rest of the World
"By battery component, the electrode coating segment is estimated to be the largest segment of the battery coating market from 2024 to 2030."
Electrode coatings dominate the battery component market due to their direct impact on lifespan, performance, and efficiency. Coatings on both cathodes and anodes improve critical properties such as electrical conductivity, thermal stability, and resistance to degradation during charging and discharging cycles.
In the case of a cathode, it enhances electrochemical cathode performance by improving conductivity and protection against oxidation. Coating of the anode, typically made of graphite or silicon, helps reduce lithium-ion loss, increases the anode's mechanical strength, and enhances charge/discharge efficiency. Such coatings cause these lower-side reactions and prevent the degradation of the anode material, increasing battery life and the speed that the charge time should be.
"By battery type, graphene battery is estimated to be the largest segment of the battery coating market from 2024 to 2030 by CAGR."
Graphene-type batteries have the greatest CAGR by battery type segment due to several key benefits, including high energy density, where graphene's enormous surface area and conductivity allow for compact energy storage, resulting in greater ranges and quicker charging times. Additionally, its ability to conduct electrons quickly facilitates ultra-fast charging which is essential for electric vehicles and portable devices. Graphene-based materials endure more charge-discharge cycles with minimal degradation, extending battery lifespan. Moreover, graphene's thermal stability and resistance to electrolyte leakage enhance battery safety, reducing the risks of fires or explosions. These benefits make graphene batteries particularly attractive for various applications, including electric vehicles and consumer electronics. While mass production and cost challenges remain, ongoing advancements in graphene technology suggest a promising future for this innovative energy storage solution.
"From 2024 to 2030, by material, PVDF is expected to be the largest by material segment in the battery coating market."
Based on the material segment, Polyvinylidene fluoride (PVDF) is expected to hold the highest CAGR in the battery coating market. PVDF has excellent chemical resistance, high thermal stability, and mechanical strength, enhancing battery performance and lifespan. It is compatible with different electrolytes and improves the transport of ions; hence, it is vital in high-performance batteries, especially in electric vehicles and energy storage systems. Arkema SA (France) and Solvay SA (Belgium) are the primary polyvinylidene fluoride battery coating materials providers.
"The Asia Pacific region's battery coating market is projected to have the highest share in 2024."
Asia Pacific will contribute the highest share of the market in 2023. The reason is the presence of various giants in electric automotive across the region. China is also considered a global supply chain hub for the battery storage industry. Government initiatives in electric vehicles with subsidies, comprehensive charging infrastructure, and supporting license policies follow the APAC region's market, particularly China. The increasing necessity for bettering the efficiencies of batteries for manufacturers to keep pace with regulatory matters and consumer calls is actually what gives this market's growth an opportunity for many further advancements in this region's technology of battery coatings.
Profile break-up of primary participants for the report:
By Company Type: Tier 1 - 20%, Tier 2 - 40%, and Tier 3 - 40%
By Designation: C-level Executives - 10%, Directors - 70%, and Others - 20%
By Region: North America - 20%, Europe -45%, Asia Pacific - 25%, and Rest of the World-10%,
The Battery coating report is dominated by players such as
Arkema (France), Solvay (Belgium), Asahi Kasei Corporation (Japan), Ube Corporation (Japan), PPG Industries, Inc. (US) Mitsubishi Paper Mills, Ltd. (Japan), Tanaka Chemical Corporation (Japan), SK Innovation Co. Ltd. (South Korea), Ashland (US), Axalta Coating Systems, LLC (US), Targray (Canada), Samco Inc. (Japan) Durr Group (Germany), APV Engineered Coatings (US), and Alkegen (US) and others.
Research Coverage:
The report defines, segments, and projects the battery coating market size based on components, materials, technology, battery type, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as expansions, agreements, and acquisitions undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the battery coating market and its segments. This report is also expected to help stakeholder businesses and the market's competitive landscape better, gain insights to improve the position of their companies, and make suitable go-to-market strategies. It also enables stakeholders to understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (High production of EVs, HEVs, and PHEVs and Rising demand for smart devices and other consumer electronics), restraints (High cost of technology, Safety and environmental concerns due to the use of hazardous metals), opportunities (Innovations and technological advances in battery materials Lithium-ion batteries in energy storage devices), and challenges (Expected utilization of solid electrolytes) influencing the growth of the battery coating market.
Market Development: Comprehensive information about lucrative markets - the report analyses
The battery coating market is across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped
geographies, recent developments, and investments in the battery coating market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service
offerings of leading players Arkema (France), Solvay (Belgium), Asahi Kasei Corporation (Japan), Ube Corporation (Japan), PPG Industries, Inc. (US) Mitsubishi Paper Mills, Ltd. (Japan), Tanaka Chemical Corporation (Japan), SK Innovation Co. Ltd. (South Korea), Ashland (US), Axalta Coating Systems, LLC (US), Targray (Canada), Samco Inc. (Japan) Durr Group (Germany), APV Engineered Coatings (US), and Alkegen (US) are among the key players leading the market through their innovative offerings, enhanced production capacities, and efficient distribution channels.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.3.5 UNIT CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 List of secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 List of primary participants
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of interviews with experts
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 BASE NUMBER CALCULATION
2.3.1 DEMAND SIDE APPROACH
2.3.2 MARKET ENGINEERING PROCESS
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
2.5 STUDY ASSUMPTIONS
2.6 RISK ASSESSMENT
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY COATING MARKET
4.2 BATTERY COATING MARKET, BY REGION
4.3 ASIA PACIFIC BATTERY COATING MARKET, BY MATERIAL TYPE & COUNTRY
4.4 BATTERY COATING MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
5.1 IMPACT OF AI/GEN AI ON BATTERY COATING MARKET
5.1.1 CASE STUDIES AND SPECIFIC IMPACT
5.1.1.1 Volkswagen Group's AI-powered battery research center
5.1.1.2 Tesla's use of ai for battery coating optimization
5.1.1.3 Solid Power's AI-driven approach to solid-state battery coating
5.1.1.4 Toyota's use of AI for battery safety and durability
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 High production of EVs, HEVs, and PHEVs
5.2.1.2 Rising demand for smart devices and other consumer electronics
5.2.2 RESTRAINTS
5.2.2.1 High cost of coating technology
5.2.2.2 Safety and environmental concerns due to use of hazardous metals
5.2.2.3 Supply chain disruptions and market saturation
5.2.3 OPPORTUNITIES
5.2.3.1 Innovations and technological advances in battery materials
5.2.3.2 Use of lithium-ion batteries in energy storage devices
5.2.4 CHALLENGES
5.2.4.1 Concerns regarding flammability and volatility of organic solvents
5.2.4.2 High R&D costs
5.3 PORTER'S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF BUYERS
5.3.4 BARGAINING POWER OF SUPPLIERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.4.2 BUYING CRITERIA
5.5 VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
5.7 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.8 CASE STUDY ANALYSIS
5.8.1 CASE STUDY 1: ARKEMA'S KYNAR PVDF FOR ELECTRIC VEHICLE BATTERIES
5.8.2 CASE STUDY 2: SOLVAY'S SOLEF(R) PVDF FOR LITHIUM-ION BATTERY COATINGS
5.8.3 CASE STUDY 3: PPG'S ELECTRODE COATING SOLUTIONS FOR ENERGY STORAGE SYSTEMS
5.9 PATENT ANALYSIS
5.9.1 METHODOLOGY
5.9.2 LIST OF MAJOR PATENTS
5.10 REGULATORY LANDSCAPE
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10.2 REGULATIONS ON ELECTRIC VEHICLE BATTERIES
5.10.3 EUROPE AND US REGULATIONS ON LITHIUM-ION BATTERY PRODUCTION
5.10.4 REGULATIONS ON BATTERIES AND ACCUMULATORS
5.10.5 REGULATIONS ON TRANSPORT OF LITHIUM-ION BATTERIES
5.11 TECHNOLOGY ANALYSIS
5.11.1 KEY TECHNOLOGIES
5.11.1.1 Atomic layer deposition
5.11.1.2 Chemical vapor deposition
5.11.1.3 Dry electrode coating
5.11.2 COMPLEMENTARY TECHNOLOGIES
5.11.2.1 Advanced characterization techniques
5.11.2.2 Nanotechnology
5.11.3 ADJACENT TECHNOLOGIES
5.11.3.1 Adhesives in battery cell assembly
5.11.3.2 Recycling technologies
5.12 TRADE ANALYSIS
5.12.1 IMPORT SCENARIO (HS CODE 8545)
5.12.2 EXPORT SCENARIO (HS CODE 8545)
5.13 KEY CONFERENCES AND EVENTS, 2024-2025
5.14 PRICING ANALYSIS
5.14.1 AVERAGE SELLING PRICE TREND OF BATTERY COATING MARKET, BY MATERIAL TYPE
5.14.2 AVERAGE SELLING PRICE TREND OF PVDF MATERIAL, BY REGION
5.15 GLOBAL MACROECONOMIC OUTLOOK
5.15.1 GDP
5.15.2 RISING ADOPTION OF ELECTRIC VEHICLES
5.16 INVESTMENT AND FUNDING SCENARIO
6 BATTERY COATING MARKET, BY TECHNOLOGY TYPE
6.1 INTRODUCTION
6.2 ATOMIC LAYER DEPOSITION
6.3 PLASMA-ENHANCED CHEMICAL VAPOR DEPOSITION
6.4 CHEMICAL VAPOR DEPOSITION
6.5 DRY POWDER COATING
6.6 PHYSICAL VAPOR DEPOSITION
7 BATTERY COATING MARKET, BY BATTERY TYPE
7.1 INTRODUCTION
7.2 LITHIUM-ION BATTERY
7.2.1 RISING DEMAND FOR ELECTRIC VEHICLES AND PORTABLE ELECTRONIC DEVICES TO DRIVE MARKET
7.3 LEAD ACID BATTERY
7.3.1 WIDE APPLICATION IN ENERGY STORAGE AND EMERGENCY LIGHTING SYSTEMS TO DRIVE MARKET
7.4 NICKEL CADMIUM BATTERY
7.4.1 INCREASING DEMAND IN INDUSTRIAL APPLICATIONS TO DRIVE MARKET
7.5 GRAPHENE BATTERY
7.5.1 SURGE IN DEMAND FOR NEXT-GENERATION ENERGY STORAGE SYSTEMS TO DRIVE MARKET
8 BATTERY COATING MARKET, BY BATTERY COMPONENT
8.1 INTRODUCTION
8.2 ELECTRODE COATING
8.2.1 RISING DEMAND FOR SUSTAINABILITY ACROSS CONSUMER ELECTRONICS AND ENERGY SECTORS TO DRIVE MARKET
8.2.2 CATHODE COATING
8.2.3 ANODE COATING
8.3 SEPARATOR COATING
8.3.1 RISING DEMAND FOR LITHIUM BATTERIES TO DRIVE MARKET
8.4 BATTERY PACK COATING
8.4.1 PROTECTIVE BATTERY PACK COATINGS TO ENHANCE DURABILITY AND THERMAL MANAGEMENT
9 BATTERY COATING MARKET, BY MATERIAL TYPE
9.1 INTRODUCTION
9.2 POLYVINYLIDENE FLUORIDE
9.2.1 HIGHER POROSITY AND ELECTROCHEMICAL STABILITY OF POLYVINYLIDENE FLUORIDE COATED SEPARATORS TO BOOST DEMAND
9.3 CERAMIC
9.3.1 HIGH DISSIPATION AND LOW TENSILE STRENGTH TO DRIVE MARKET
9.4 ALUMINA
9.4.1 SURGE IN DEMAND FOR HIGH MECHANICAL STRENGTH BATTERY SEPARATORS TO DRIVE MARKET
9.5 OXIDE
9.5.1 IMPROVED CYCLING PERFORMANCE AT HIGH OPERATING VOLTAGES TO DRIVE DEMAND
9.6 CARBON
9.6.1 GRAPHITE ANODE MATERIALS TO OFFER IMPROVED CYCLING AND ELECTROCHEMICAL PERFORMANCE
9.7 POLYURETHANE
9.7.1 INCREASING DEMAND FOR PULTRUSION TECHNOLOGY TO DRIVE MARKET
9.8 EPOXY
9.8.1 EXCELLENT DIELECTRIC AND MECHANICAL PROPERTIES TO BOOST DEMAND
9.9 OTHER MATERIALS
10 BATTERY COATING MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.1.1 Expansion of automotive sector to drive market
10.2.2 REST OF NORTH AMERICA
10.3 EUROPE
10.3.1 GERMANY
10.3.1.1 Presence of key battery and EV manufacturers to spur market growth
10.3.2 UK
10.3.2.1 Transition to renewable energy and greener transportation to drive market
10.3.3 FRANCE
10.3.3.1 Adoption of environment-friendly vehicles to boost market
10.3.4 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 CHINA
10.4.1.1 Rise in sales of electric vehicles to boost market
10.4.2 JAPAN
10.4.2.1 Growth of automotive and electronics sectors to drive market
10.4.3 SOUTH KOREA
10.4.3.1 Growing demand for EVs and government initiatives toward greener energy to boost market
10.4.4 INDIA
10.4.4.1 Expansion of telecommunication sector to boost demand for high-performance batteries
10.4.5 REST OF ASIA PACIFIC
10.5 REST OF WORLD
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.3 REVENUE ANALYSIS, 2019-2023
11.4 MARKET SHARE ANALYSIS, 2023
11.4.1 RANKING OF KEY MARKET PLAYERS, 2023
11.5 BRAND/PRODUCT COMPARISON ANALYSIS
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVE PLAYERS
11.6.4 PARTICIPANTS
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.6.5.1 Company footprint
11.6.5.2 Region footprint
11.6.5.3 Battery type footprint
11.6.5.4 Material footprint
11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023