Global Battery Coating Market (2022 to 2027) - Lithium-Ion Batteries in Energy Storage Devices Presents Opportunities - ResearchAndMarkets.com | Business Wire

2022-06-18 04:37:46 By : Ms. Crystal He

DUBLIN--(BUSINESS WIRE )--The "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 2027" report has been added to ResearchAndMarkets.com's offering.

The battery coating market is projected to grow from USD 329 million in 2022 to USD 658 million by 2027, at a CAGR of 14.9% from 2022 to 2027.

The electrode coating in the component type segment is projected to register the highest CAGR during the forecast period

Based on the battery component, the electrode coating is projected to register the highest CAGR during the forecast period. This projected growth is attributed to the increase in demand for electrode coating in lithium-ion batteries for the high performance and safety of the batteries. There is an increase in demand for more sustainable batteries, especially in EVs, smart devices, and energy storage systems. This demand will, in return, drive the growth of the electrode coating segment of the battery coating market.

The graphene battery in the battery type segment is projected to register the highest CAGR during the forecast period

Based on battery type, the graphene battery is projected to register the highest CAGR during the forecast period. A graphene battery is light, durable, and suitable for high-capacity energy storage, as well as shorter charging times. The battery life is negatively linked to the amount of carbon that is coated on the material or added to electrodes to achieve conductivity. However, graphene adds conductivity without the requirement of the amount of carbon that is used in conventional batteries.

The alumina in the material type segment is projected to register the highest CAGR during the forecast period

Based on material type, the alumina is projected to grow at the highest rate during the forecast period. Continuous innovation and technological advances in battery materials will lead to the rapid adoption of electrode and separator coatings in the battery material industry. This rapid adoption, in turn, provides an opportunity for the alumina material type segment to grow.

The battery coating market in Asia Pacific is projected to witness the highest CAGR during the forecast period.

Asia Pacific region is projected to register the highest CAGR in the battery coating market from 2022 to 2027. In recent years, the region has emerged as a hub for automobile production. Recent infrastructural developments and industrialization activities in the emerging nations of this region have opened new avenues and opportunities for OEMs. The presence of leading li-ion battery manufacturing companies such as Samsung (South Korea), LG (South Korea), BYD (China), Panasonic (Japan), and Sony (Japan) is also driving the demand for battery coatings in the Asia Pacific region.

For more information about this report visit https://www.researchandmarkets.com/r/47aoft

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900