Battery Coating Market by Battery Component (Electrode Coating, Separator Coating, Battery Pack Coating), Material Type (PVDF, Ceramic, Alumina, Oxide, Carbon, Others), and Region (Asia Pacific, North America, Europe, Row) - Global Forecast to 2025
[128 Pages Report] The battery coating market is projected to grow from USD 169 million in 2020 to USD 301 million by 2025, at a CAGR of 12.2% from 2020 to 2025. The market growth is driven by the high production of electric vehicles (EVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs) and the growing demand for smart devices and other consumer electronics.
Based on material type, PVDF segment accounted for the largest market share in 2019
Based on material type, the PVDF segment accounted for the largest share of the battery coating market in 2019. PVDF (polyvinylidene fluoride) is a semi-crystalline polymer that has low hardness and electrochemical stability, making it a suitable material for separator coating. In comparison to traditional separators, the porous PVDF-coated separator displays a higher porosity (56%), a better liquid electrolyte uptake (200%), and electrochemical stability under 5V. These characteristics are responsible for the high adoption of PVDF for separator coating. The rising demand for separator coatings from the lithium-ion battery end-use industry is expected to drive its market during the forecast period.
Based on battery component, separator coating segment accounted for the largest market share in 2019
Based on battery component, the separator coating segment accounted for the largest share of the battery coating market in 2019. Separator coating is majorly required in lithium-ion batteries that go into EVs. Separator coating lowers the shrinkage of the separators in batteries, thus enhancing the battery life cycle.
The high production of EVs is the major driver for the growth of the separator coating segment in the battery coatings market.
Asia Pacific accounted for the largest market share of the battery coatings market in 2019
By region, Asia Pacific was estimated to be the largest market for battery coating in 2019. The rising demand for new energy storage applications in vehicles, grid-connected energy storage, and consumer gadgets is expected to increase the need for more sustainable batteries, thereby driving the growth of the battery coating market. Massive economic expansion and the flourishing electronics and electric vehicle industries in some Asia Pacific countries, such as China, Japan, and South Korea, are responsible for the markets high growth rate in the region. Currently, China is the largest market for battery coating in the Asia Pacific region.
Key Market Players
APV Engineered Coatings (US), Arkema SA (France), Solvay SA (Belgium), Mitsubishi Paper Mills Ltd. (Japan), Ube Industries Ltd. (Japan), Tanaka Chemical Corporation (Japan), Asahi Kasei Corporation (Japan), SK innovation Co., Ltd. (South Korea), Unifrax (US), NEI Corporation (US), Targray Technology International Inc. (Canada), Alteo Group (France), Nano One Materials Corp. (Canada), SAMCO Inc. (Japan), Nexeon Limited (UK), ALD NanoSolutions, Inc. (US), Forge Nano Inc. (US), and Beneq Group (Finland) are some of the leading players operating in the battery coating market.
Scope of the Report:
|
Report Metric |
Details |
|
Market Size Available for Years |
20182025 |
|
Base Year Considered |
2019 |
|
Forecast Period |
20202025 |
|
Forecast Units |
Value (USD Million), Volume (Kilotons) |
|
Segments Covered |
Battery Component and Material Type |
|
Geographies Covered |
North America, Asia Pacific, Europe, and Rest of the World |
|
Companies Covered |
APV Engineered Coatings (US), Arkema SA (France), Solvay SA (Belgium), Mitsubishi Paper Mills Ltd. (Japan), Ube Industries Ltd. (Japan), Tanaka Chemical Corporation (Japan), Asahi Kasei Corporation (Japan), SK innovation Co., Ltd. (South Korea), Unifrax (US), NEI Corporation (US), Targray Technology International Inc. (Canada), Alteo Group (France), Nano One Materials Corp. (Canada), SAMCO Inc. (Japan), Nexeon Limited (UK), ALD NanoSolutions, Inc. (US), Forge Nano Inc. (US), and Beneq Group (Finland), among others |
This research report categorizes the battery coating market based on battery component, material type, and region and forecasts revenues as well as analyzes trends in each of these submarkets.
Based on material type, the battery coating market has been segmented into:
- PVDF
- Ceramic
- Alumina
- Oxide
- Carbon
- Others (PDA, metal, phosphate, fluoride, silicate)
Based on battery component, the battery coating market has been segmented into:
- Electrode Coating
- Separator Coating
- Battery Pack Coating
Based on region, the battery coating market has been segmented into:
- Asia Pacific
- North America
- Europe
- Rest of the World
Recent Developments
- In November 2019, Solvay SA announced the expansion of its SOLEF polyvinylidene fluoride (PVDF) capacity in China to meet the booming demand in lithium batteries. The company will be more than doubling its production capacity of high-performance polymer SOLEF PVDF at its production site in Changshu, China. PVDF is used as a coating material for battery separators as well as binders for battery electrodes.
- In June 2019, Alteo joined forces with the China-based group Ginet to create the joint venture Alteo-Ginet (Suzhou) Lithium Battery Material Technology. Alteo will offer its expertise in superfine alumina, which is used in surface coatings for lithium-ion battery separators and electrodes. In turn, Ginet will provide the industrial capacity needed to grind alumina powder made by the Alteo plant in Gardanne (France).
- in April 2018, Arkema SA established a new Kynar fluoropolymer (PVDF) production facility at its Calvert-City plant in Kentucky, US. This expansion, which resulted in a 20% increase in its US production capacity, will enable Arkema to further support the strong demand of its customers in the North American region.
Key Questions Addressed by the Report:
- How are the developments undertaken by various companies expected to affect the battery coating market in the mid- to long-term?
- What are the upcoming technologies in battery coating?
- What are the drivers, restraints, opportunities, and challenges for the battery coating market?
- What is the estimated size of the battery coating market in 2020?
- What are the different materials used in battery coating?
Frequently Asked Questions (FAQ):
What types of battery coatings are considered in the scope of this report?
Electrode coating, separator coating and battery pack coating are considered in the scope of this report.
What are the different techniques used in electrode coating?
Atomic Layer Deposition (ALD), Plasma Enhanced Chemical Vapor Deposition (PECVD), Chemical Vapor Deposition (CVD), among others are used to coat electrodes.
What are the driving factors for the growth of battery coating market?
High production of EVs, HEVs & PEVs and growing demand for smart devices and other consumer electronics are some of the factors driving the growth of battery coating market.
What are the advantages of coated batteries over conventional batteries?
Coating batteries prevents low level discharge, increase the shelf life of the battery and reduce any chances of short circuit. Also, coating enhances the battery performance.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Market
1.3.1 Markets Covered
1.3.2 Years Considered for the Report
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Market Engineering Process
2.2.2 Bottom-Up Approach
2.2.3 Top-Down Approach
2.3 Base Number Calculation
2.3.1 Supply Side Approach
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 30)
4.1 Attractive Opportunities 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 Major Countries
5 Market Overview (Page No. - 32)
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 High Production of EVS, HEVS, and PHEVS
5.1.1.2 Growing Demand for Smart Devices and Other Consumer Electronics
5.1.2 Restraints
5.1.2.1 High Technology Cost
5.1.3 Opportunities
5.1.3.1 Innovation and Technological Advances in Battery Materials
5.1.3.2 Use of Batteries in Energy Storage Devices
5.1.4 Challenges
5.1.4.1 Technical Trend for Solid Electrolytes
5.2 Porters Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Substitutes
5.2.3 Bargaining Power of Buyers
5.2.4 Bargaining Power of Suppliers
5.2.5 Intensity of Competitive Rivalry
5.3 Economic Indicators
5.3.1 Industry Outlook
5.3.2 Electric Vehicles
6 Battery Coating Market, By Technology Type (Page No. - 39)
6.1 Introduction
6.2 Atomic Layer Deposition (ALD)
6.3 Plasma Enhanced Chemical Vapor Deposition (PECVD)
6.4 Chemical Vapor Deposition (CVD)
7 Battery Coating Market, By Battery Component (Page No. - 41)
7.1 Introduction
7.2 Electrode Coating
7.3 Separator Coating
7.4 Battery Pack Coating
8 Battery Coating Market, By Material Type (Page No. - 45)
8.1 Introduction
8.2 PVDF (Polyvinylidene Fluoride)
8.3 Ceramic
8.4 Alumina
8.5 Oxide
8.6 Carbon
8.7 Others
9 Regional Analysis (Page No. - 53)
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.2 South Korea
9.2.3 Japan
9.2.4 India
9.2.5 Rest of Asia Pacific
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Rest of Europe
9.4 North America
9.4.1 US
9.4.2 Rest of North America
9.5 Rest of the World (RoW)
10 Competitive Landscape (Page No. - 82)
10.1 Introduction
10.2 Competitive Landscape Mapping
10.2.1 Visionary Leaders
10.2.2 Innovators
10.2.3 Dynamic Differentiators
10.2.4 Emerging Companies
10.3 Competitive Benchmarking
10.3.1 Strength of Product Portfolio
10.3.2 Business Strategy Excellence
10.4 Overview
10.5 Competitive Situations & Trends
10.5.1 Expansions
10.5.2 Product Developments
10.5.3 Partnerships
10.5.4 Agreements
10.5.5 Investments
10.5.6 Joint Ventures
10.6 Market Share Analysis
11 Company Profiles (Page No. - 93)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Apv Engineered Coatings
11.2 Arkema SA
11.3 Solvay SA
11.4 Mitsubishi Paper Mills Ltd.
11.5 UBE Industries Ltd.
11.6 Tanaka Chemical Corporation
11.7 Asahi Kasei Corporation
11.8 SK Innovation Co., Ltd.
11.9 Unifrax
11.10 Targray Technology International Inc.
11.11 Nei Corporation
11.12 Alteo Group
11.13 Nexeon Limited
11.14 Nano One Materials Corp.
11.15 Samco Inc.
11.16 Beneq Group
11.17 Forge Nano Inc.
11.18 ALD Nanosolutions, Inc.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 122)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables (81 Tables)
Table 1 Battery Coating Market Snapshot
Table 2 Battery Coatings Market Size, 20182025
Table 3 Battery Coating Market Size, By Battery Component, 20182025 (USD Million)
Table 4 Electrode Coating Market Size, By Region, 20182025 (USD Million)
Table 5 Separator Coating Market Size, By Region, 20182025 (USD Million)
Table 6 Battery Pack Coating Market Size, By Region, 20182025 (USD Million)
Table 7 Battery Coating Market Size, By Material Type, 20182025 (Tons)
Table 8 Battery Coatings Market Size, By Material Type, 20182025 (USD Million)
Table 9 PVDF: Battery Coating Market Size, By Region, 20182025 (Tons)
Table 10 PVDF: Battery Coatings Market Size, By Region, 20182025 (USD Million)
Table 11 Ceramic: Battery Coating Market Size, By Region, 20182025 (Tons)
Table 12 Ceramic: Battery Coatings Market Size, By Region, 20182025 (USD Million)
Table 13 Alumina: Battery Coating Market Size, By Region, 20182025 (Tons)
Table 14 Alumina: Battery Coatings Market Size, By Region, 20182025 (USD Million)
Table 15 Oxide: Battery Coating Market Size, By Region, 20182025 (Tons)
Table 16 Oxide: Battery Coatings Market Size, By Region, 20182025 (USD Million)
Table 17 Carbon: Battery Coating Market Size, By Region, 20182025 (Tons)
Table 18 Carbon: Battery Coatings Market Size, By Region, 20182025 (USD Million)
Table 19 Other Material Types: Battery Coating Market Size, By Region, 20182025 (Tons)
Table 20 Other Material Types: Battery Coatings Market Size, By Region, 20182025 (USD Million)
Table 21 Battery Coating Market Size, By Region, 20182025 (Tons)
Table 22 Battery Coatings Market Size, By Region, 20182025 (USD Million)
Table 23 Battery Coating Market Size, By Battery Component, 20182025 (USD Million)
Table 24 Battery Coatings Market Size, By Material Type, 20182025 (USD Million)
Table 25 Asia Pacific: Battery Coating Market Size, By Country, 20182025 (Tons)
Table 26 Asia Pacific: Market Size, By Country, 20182025 (USD Million)
Table 27 Asia Pacific: Market Size, By Battery Component, 20182025 (USD Million)
Table 28 Asia Pacific: Market Size, By Material Type, 20182025 (Tons)
Table 29 Asia Pacific: Market Size, By Material Type, 20182025 (USD Million)
Table 30 China: Battery Coatings Market Size, By Battery Component, 20182025 (USD Million)
Table 31 China: Market Size, By Material Type, 20182025 (Tons)
Table 32 China: Market Size, By Material Type, 20182025 (USD Million)
Table 33 South Korea: Battery Coating Market Size, By Battery Component, 20182025 (USD Million)
Table 34 South Korea: Market Size, By Material Type, 20182025 (Tons)
Table 35 South Korea: Market Size, By Material Type, 20182025 (USD Million)
Table 36 Japan: Battery Coatings Market Size, By Battery Component, 20182025 (USD Million)
Table 37 Japan: Market Size, By Material Type, 20182025 (Tons)
Table 38 Japan: Market Size, By Material Type, 20182025 (USD Million)
Table 39 India: Battery Coating Market Size, By Battery Component, 20182025 (USD Million)
Table 40 India: Market Size, By Material Type, 20182025 (Tons)
Table 41 India: Market Size, By Material Type, 20182025 (USD Million)
Table 42 Rest of Asia Pacific: Battery Coatings Market Size, By Battery Component, 20182025 (USD Million)
Table 43 Rest of Asia Pacific: Market Size, By Material Type, 20182025 (Tons)
Table 44 Rest of Asia Pacific: Market Size, By Material Type, 20182025 (USD Million)
Table 45 Europe: Battery Coating Market Size, By Country, 20182025 (Tons)
Table 46 Europe: Market Size, By Country, 20182025 (USD Million)
Table 47 Europe: Market Size, By Battery Component, 20182025 (USD Million)
Table 48 Europe: Market Size, By Material Type, 20182025 (Tons)
Table 49 Europe: Market Size, By Material Type, 20182025 (USD Million)
Table 50 Germany: Battery Coatings Market Size, By Battery Component, 20182025 (USD Million)
Table 51 Germany: Market Size, By Material Type, 20182025 (Tons)
Table 52 Germany: Market Size, By Material Type, 20182025 (USD Million)
Table 53 France: Battery Coating Market Size, By Battery Component, 20182025 (USD Million)
Table 54 France: Market Size, By Material Type, 20182025 (Tons)
Table 55 France: Market Size, By Material Type, 20182025 (USD Million)
Table 56 UK: Battery Coatings Market Size, By Battery Component, 20182025 (USD Million)
Table 57 UK: Market Size, By Material Type, 20182025 (Tons)
Table 58 UK: Market Size, By Material Type, 20182025 (USD Million)
Table 59 Rest of Europe: Battery Coating Market Size, By Battery Component, 20182025 (USD Million)
Table 60 Rest of Europe: Market Size, By Material Type, 20182025 (Tons)
Table 61 Rest of Europe: Market Size, By Material Type, 20182025 (USD Million)
Table 62 North America: Battery Coatings Market Size, By Country, 20182025 (Tons)
Table 63 North America: Market Size, By Country, 20182025 (USD Million)
Table 64 North America: Market Size, By Battery Component, 20182025 (USD Million)
Table 65 North America: Market Size, By Material Type, 20182025 (Tons)
Table 66 North America: Market Size, By Material Type, 20182025 (USD Million)
Table 67 US: Battery Coating Market Size, By Battery Component, 20182025 (USD Million)
Table 68 US: Market Size, By Material Type, 20182025 (Tons)
Table 69 US: Market Size, By Material Type, 20182025 (USD Million)
Table 70 Rest of North America: Battery Coatings Market Size, By Battery Component, 20182025 (USD Million)
Table 71 Rest of North America: Market Size, By Material Type, 20182025 (Tons)
Table 72 Rest of North America: Market Size, By Material Type, 20182025 (USD Million)
Table 73 RoW: Battery Coating Market Size, By Battery Component, 20182025 (USD Million)
Table 74 RoW: Market Size, By Material Type, 20182025 (Tons)
Table 75 RoW: Market Size, By Material Type, 20182025 (USD Million)
Table 76 Expansions, 20162019
Table 77 Product Developments, 20162019
Table 78 Partnerships, 20162019
Table 79 Agreements, 20162019
Table 80 Investments, 20162019
Table 81 Joint Ventures, 20162019
List of Figures (37 Figures)
Figure 1 Battery Coating Market Segmentation
Figure 2 Battery Coatings Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Asia Pacific Accounted for Largest Share of Battery Coating Market in 2020
Figure 7 Separator Coating Segment Accounted for Largest Share of Battery Coatings Market in 2019
Figure 8 PVDF Segment Accounted for Largest Share of Battery Coating Market in 2019
Figure 9 High Production of HEVS, PHEVS, and EVS Expected to Drive Battery Coatings Market From 2020 to 2025
Figure 10 Battery Coating Market in Europe Projected to Grow at Highest Rate During Forecast Period
Figure 11 PVDF Material Type and China Accounted for Largest Share of Asia Pacific Battery Coating Market in 2019
Figure 12 Battery Coatings Market in Germany Projected to Grow at Highest Cagr From 2020 to 2025
Figure 13 Battery Coating Market: Drivers, Restraints, Opportunities, & Challenges
Figure 14 Porters Five Forces Analysis
Figure 15 Electric Vehicle Sales, 20102018
Figure 16 Country-Wise Electric Vehicle Sales, 2018
Figure 17 Battery Coating Market, By Battery Component, 2020 & 2025 (USD Million)
Figure 18 Battery Coatings Market, By Material Type, 2020 & 2025 (USD Million)
Figure 19 Regional Snapshot: Asian Countries Such as China, South Korea and Japan to Offer Lucrative Growth Opportunities to Battery Coating Market During Forecast Period
Figure 20 Asia Pacific Battery Coating Market Snapshot
Figure 21 Europe Battery Coatings Market Snapshot
Figure 22 North America Battery Coating Market Snapshot
Figure 23 Competitive Landscape Mapping
Figure 24 Key Growth Strategies Adopted By Companies in Battery Coating Market Between 2016 and 2019
Figure 25 Battery Coatings Market Ranking, By Company, 2018
Figure 26 Arkema SA: Company Snapshot
Figure 27 Arkema SA: SWOT Analysis
Figure 28 Solvay SA: Company Snapshot
Figure 29 Solvay SA: SWOT Analysis
Figure 30 Mitsubishi Paper Mills Ltd.: Company Snapshot
Figure 31 Mitsubishi Paper Mills Ltd.: SWOT Analysis
Figure 32 UBE Industries Ltd.: Company Snapshot
Figure 33 UBE Industries Ltd.: SWOT Analysis
Figure 34 Tanaka Chemical Corporation: Company Snapshot
Figure 35 Asahi Kasei Corporation: Company Snapshot
Figure 36 Asahi Kasei Corporation: SWOT Analysis
Figure 37 SK Innovation Co., Ltd.: Company Snapshot
This study involved four major activities in estimating the current size of the battery coating market. Exhaustive secondary research was undertaken to collect information on the battery coating market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the battery coating value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall size of the market. Thereafter, the market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the battery coating market.
Secondary Research
As a part of the secondary research process, various secondary sources, such as Hoovers, Bloomberg, BusinessWeek, Reuters, and Factiva, were referred for identifying and collecting information for this study on the battery coating market. Secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, authenticated directories, and databases.
Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the monetary chain of the market, the total pool of players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments undertaken from both the market- and technology-oriented perspectives.
Primary Research
As a part of the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the battery coating market. Primary sources from the supply side included industry experts, such as chief executive officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the battery coating market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries. Following is the breakdown of the primary respondents.
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the battery coating market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The supply chain of the industry and the market size, in terms of value and volume, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were used, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using both top-down and bottom-up approaches.
Objectives of the Report
- To estimate and forecast the battery coating market, in terms of value (USD million) and volume (Kilotons), at global and country levels
- To define and segment the market based on battery component, material type, and region
- To forecast the revenue of the market segments with respect to 4 main regions, namely, North America, Asia Pacific, Europe, and RoW
- To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To analyze recent developments and competitive strategies, such as expansions, product developments, investments, agreements, and partnerships, to draw the competitive landscape of the market
- To strategically identify and profile the key market players and analyze their core competencies
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- Further breakdown of the Asia Pacific and Europe battery coating markets
- Product matrix, which gives a detailed comparison of the product portfolio of each company
- Detailed analysis and profiles of additional market players (up to 3)
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