What is the global market size of Battery Additives Market?

Battery Additives Market size was valued at USD 1.58 billion in 2021 and is poised to grow from USD 1.72 billion in 2022 to USD 3.10 billion by 2030, at a CAGR of 8.8% during the forecast period (2023-2030).

Who are the key vendors in the Global Battery Additives Market?

These players operate globally and are actively involved in the production and supply of battery additives. They strive to develop innovative solutions that enhance battery performance, improve safety, and support sustainable energy storage. The competitive landscape of the market is characterized by intense competition, product advancements, strategic collaborations, and mergers and acquisitions as companies seek to strengthen their market presence and expand their customer base. 'Cabot Corporation (United States)', '3M Company (United States)', 'Hammond Group, Inc. (United States)', 'Imerys Graphite & Carbon (Switzerland)', 'HEC Group (China)', 'Asahi Kasei Corporation (Japan)', 'Arkema Group (France)', 'BASF SE (Germany)', 'Clariant AG (Switzerland)', 'Mitsubishi Chemical Corporation (Japan)', 'Solvay SA (Belgium)', 'TOYOBO Co., Ltd. (Japan)', 'Dow Inc. (United States)', 'Zeon Corporation (Japan)', 'Umicore SA (Belgium)', 'Eastman Chemical Company (United States)', 'Lion Corporation (Japan)', 'Toray Industries, Inc. (Japan)', 'PolyOne Corporation (United States)', 'Johnson Matthey PLC (United Kingdom)', 'Huntsman Corporation (United States)', 'Wacker Chemie AG (Germany)'

Top Battery Additives Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Battery Additives Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Battery Additives industry players.

Battery Additives Market Competitive Landscape

Battery Additives Market Top Player’s Company Profiles

Cabot Corporation (United States)

3M Company (United States)

Hammond Group, Inc. (United States)

Imerys Graphite & Carbon (Switzerland)

HEC Group (China)

Asahi Kasei Corporation (Japan)

Arkema Group (France)

BASF SE (Germany)

Clariant AG (Switzerland)

Mitsubishi Chemical Corporation (Japan)

Solvay SA (Belgium)

TOYOBO Co., Ltd. (Japan)

Dow Inc. (United States)

Zeon Corporation (Japan)

Umicore SA (Belgium)

Eastman Chemical Company (United States)

Lion Corporation (Japan)

Toray Industries, Inc. (Japan)

PolyOne Corporation (United States)

Johnson Matthey PLC (United Kingdom)

Huntsman Corporation (United States)

Wacker Chemie AG (Germany)

REPORT OVERVIEW BUY NOW

REQUEST FOR SAMPLE

Want to customize this report?

REQUEST FREE CUSTOMIZATION

FAQs

Battery Additives Market size was valued at USD 1.98 Billion in 2024 and is poised to grow from USD 2.15 Billion in 2025 to USD 4.23 Billion by 2033, growing at a CAGR of 8.8% during the forecast period (2026–2033).

These players operate globally and are actively involved in the production and supply of battery additives. They strive to develop innovative solutions that enhance battery performance, improve safety, and support sustainable energy storage. The competitive landscape of the battery additives market is characterized by intense competition, product advancements, strategic collaborations, and mergers and acquisitions as companies seek to strengthen their market presence and expand their customer base. 'Cabot Corporation', '3M Company', 'Hammond Group, Inc.', 'Imerys Graphite & Carbon', 'HEC Group', 'Asahi Kasei Corporation', 'Arkema Group', 'BASF SE', 'Clariant AG', 'Mitsubishi Chemical Corporation', 'Solvay SA', 'TOYOBO Co., Ltd.', 'Dow Inc.', 'Zeon Corporation', 'Umicore SA', 'Eastman Chemical Company', 'Lion Corporation', 'Toray Industries, Inc.', 'Johnson Matthey PLC', 'Huntsman Corporation'

The growing demand for batteries across various industries, including automotive, electronics, and renewable energy, is a major driver for the battery additives market demand. The rising adoption of electric vehicles (EVs), portable electronics, and grid energy storage systems fuels the need for high-performance batteries, driving the demand for additives to enhance battery efficiency and performance.

Environmental sustainability is gaining prominence in the battery industry. There is a growing focus on developing battery additives that are eco-friendly, non-toxic, and recyclable. The market is witnessing a shift towards bio-based additives, as well as additives that minimize the use of harmful chemicals. This trend aligns with the broader sustainability goals of the battery industry and regulatory requirements regarding the disposal and recycling of batteries.

Due to the growing usage of portable devices and automotive applications in developing countries like China, India, and Japan, the Asia Pacific region is considered to have the greatest battery additives market. Growing end-use sectors, rising disposable incomes, and a growing population have all encouraged innovation and development, which has helped the area to prosper. According to the International Energy Agency (IEA), China purchases more than half of the new electric vehicles sold worldwide, making it both the largest producer and the largest market for automobiles globally. However, according to the China Association of Automobile Manufacturers (CAAM), 601,000 NEVs were sold in the first three quarters of 2018 and China was responsible for nearly 35% of all electric vehicles sold globally.

Top Battery Additives Companies

Battery Additives Market Competitive Landscape

FAQs

What is the global market size of Battery Additives Market?

Who are the key vendors in the Battery Additives Market?

What is the key driver of Battery Additives Market?

What is the key market trend for Battery Additives Market?

Which region accounted for the largest share in Battery Additives Market?

Request Free Customization