The battery additives market is expected to
register a CAGR of over 11% during 2020-2024, as per the latest research report
by Technavio. The report offers a detailed analysis of the impact of COVID-19
pandemic on the market in optimistic, probable, and pessimistic forecast
scenarios.
Request for Technavio’s market report estimates including pre- and
post-COVID-19 impact on battery additives market. Download a Free Sample Report on the impact
of COVID-19 pandemic analysis.
Due to the extensive spread of the virus across the globe, the Materials Industry is anticipated to have Mixed
impact. The battery additives market will showcase Neutral impact during
2020-2024.
Battery Additives Market 2020-2024: Segmentation
Battery Additives Market is segmented as below:
- Application
- Lead-acid Batteries
- Lithium-ion Batteries
- Others
- Geographic Landscape
- APAC
- North America
- Europe
- MEA
- South America
APAC region will account for the highest incremental growth during the
forecast period due to the increasing demand for product catalog management by
e-commerce merchants, rising demand for service catalogs, and the emergence of
analytics in catalog management software.
With the surging growth of COVID-19 pandemic, the Materials market is
anticipated to have a Direct impact during the forecast period. View market snapshot before purchasing
Rising demand for service catalogs has been an instrumental factor in
influencing the growth of battery additives market. Other market drivers
include rising focus on renewable power generation and increasing government
support for EVs. Technavio offers custom research analysis on the crucial
pointers to highlight the impact of COVID-19 on the market across the supply
chain.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply
chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable and
pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID
19 market estimates
- Quarterly impact analysis
and updates on market estimates
Get more insights about the global trends impacting the future of
battery additives market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR40339
Battery Additives Market 2020-2024: Vendor Analysis
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Key players in the market have been
launching several initiatives and introducing innovative products and services
to cater a larger target audience during the pandemic. Major market
participants include ALTANA AG, Battery Equaliser USA LLC, Borregaard ASA,
Cabot Corp., Hammond Group Inc., Imerys SA, Orion Engineered Carbons SA, PENOX
Group GmbH, SGL Carbon SE, and Taiwan Hopax Chemicals Mfg. Co. Ltd.
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