According to the new market research report “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″, 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 EVs, HEVs, and PHEVs and the growing demand for smart devices and other consumer electronics.
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By battery component, the separator coating segment accounted for the largest share of the battery coating market in 2019. Separator coating lowers the shrinkage of the separators in batteries, thus enhancing the battery life cycle. The rising demand from the lithium-ion battery end-use industry is expected to drive the market for separator coating during the forecast period.
By material type, the PVDF segment accounted for the largest share of the battery coating market in 2019. PVDF (polyvinylidene fluoride) is a good organic coating choice for traditional polyolefin separators due to its special functional group structure. The growth of this segment is in-sync with the growth of the separator coating battery component segment of the battery coating market. Two of the key players in the battery coating market, Arkema SA (France) and Solvay SA (Belgium), are also the leading providers of PVDF for battery coating.
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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 increasing demand for battery coating in lithium-ion batteries by end-use industries, such as automotive, consumer electronics, and energy & power, is expected to drive the battery coating market.
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 in the battery coating market. These players have adopted growth strategies such as expansions, product developments, investments, agreements, and partnerships to enhance their position in the market.
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In November 2019, Solvay SA announced the expansion of its SOLEF polyvinylidene fluoride (PVDF) capacity in China to meet the booming demand for lithium batteries. The company will be more than doubling its production capacity of high-performance polymer SOLEF polyvinylidene fluoride (PVDF) at its production site in Changshu, China. Sustainable mobility is driving double-digit growth in demand for PVDF in lithium-ion batteries for electric vehicles, where Asia is the largest market. Other growing applications include offshore oil and gas pipes and liners, high purity semiconductors, and membranes for water purification.
In June 2019, Alteo joined forces with the China-based group Ginet to create the joint venture Alteo-Ginet (Suzhou) Lithium Battery Material Technology. In this joint venture, Alteo provides its expertise in superfine alumina, which is already used in surface coatings for lithium-ion battery separators and electrodes. In turn, Ginet provides the industrial capacity needed to grind alumina powder made by Alteo’s plant in Gardanne (France).
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